The Finance Bible

#94 Understanding Today's Real Estate Dynamics

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What if the real estate market wasn't as predictable as you thought? Join Zeke and Oscar in the latest episode of the Finance Bible Podcast, where we unravel the surprising trends in dwelling sales and property values. With properties moving faster than ever, despite rising interest rates and living costs, we guarantee you’ll gain fresh insights into why the median dwelling values have grown at an impressive 6.9% annual rate since 2000. Understand the statistics that matter and learn the strategies needed to navigate this evolving landscape.

The ripple effects of foreign millionaires on the Australian property market take center stage as we explore dissatisfaction among Victorians and the resulting shifts in investment patterns. Dive into the challenges facing Melbourne, including housing oversupply and pandemic-driven population changes, while we dissect how overseas buyers are reshaping property prices. Discover the barriers these dynamics create for aspiring young homeowners, and how the Australian dream of property ownership is being redefined.

Unearth the hidden trends and hurdles in property market development, from labor shortages to skyrocketing construction costs. Zeke and Oscar discuss the rise of "cookie-cutter" housing and the current rental market crisis, where low vacancy rates and escalating rents are putting pressure on both landlords and tenants. Get ahead in the competitive rental market with our expert tips, and learn how offering a bit more can help secure housing faster. Plus, we share energising tips for personal wellness, promising to keep you motivated and informed in your financial journey.

For any enquiries or to connect with Oscar, Zeke, or their company, Asset Road, listeners can visit the following links:

The advice shared on The Finance Bible is general in nature and does not consider your individual circumstances. The Finance Bible exists purely for educational / entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.

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Speaker 1:

Welcome back to another episode of the Finance Bible Podcast. You're joined with myself, zeke and your co-host, oscar. But before we get into it, please note that nothing in this podcast should ever be considered as personal financial advice. But if that is what you are seeking, get in touch, let us know and we will hook you up with the correct professionals. Sit back, relax and enjoy the show. Let's get into it. Welcome back to another episode.

Speaker 1:

Today the boys are actually together again. Zeke's had his trip up north with mia for a couple weeks. Oh, yeah, a bit of uh. Who signed that, troy? And was it chat? Troy and chat? Yeah, the boys. Um, but yes, mate, you were went a bit mia, which is, which is good. I believe you were seeing clients up north, but you're back down. You're in melbourne at the moment, but you released an interesting podcast last week, really about the population shifts and the market trends. So you did mention on that podcast at the end of it that you wanted to continue that and go into a bit more of a deep dive into another episode with me. When we're together and that's what we're doing today the secret's out of the bag. There you go.

Speaker 1:

Yes, uh, apologies in advance for the monotone behavior during that podcast. Very monotone, we have had a chat about that. Oh, come on, get out, don't get me laughing about. No, it was just a very quick, simple podcast where I just wanted to get the stats out there. Stat episode is going to be boring, no matter what, Like I was, like you know what, if they're going to listen to it, they're going to, and if they're not, they're not. So I can be monotone and we can confirm you listen to it. Yeah, you can Quite a few listeners. But I can also say I was not feeling 100% on that day. You don't need to apologize, apologies in advance, but moving forward, I'm feeling probably about 70% today, a little bit crook still. I had a bit of a naughty weekend, we'll say With the weekend. We could as well say Mr Melbourne himself, but yeah, jumping straight in.

Speaker 1:

So I'm not going to go too far into detail with everything because we went through it last week. We're just going to elaborate a little bit, get Oscar's opinion kind of, have a bit of a conversation about some of the statistics that were thrown out there and just before we move into it, this is all research based on, like sqm, core logic, reia, matusik, abs, and then a little bit of our own research as well, um, separately, just with what we know in the market, what we've been selling, what we've been buying and that kind of thing. So, without further ado, let's do this. So the first part we may as well go on the list down we've got in front of us. So let's talk about the dwelling sales. So you did mention they have substantially increased in the last two years. They have so in a three-year period. There was about 1.8 million sales in the most recent three years. However, three years before that was like 1.3 million give or take.

Speaker 1:

The question is, in today's day and age, with the increased cost of living, how has that happened? Well, there we go. That's a brilliant question. That's why we're here to converse, because interest rates have gone up, yeah, cost of living has gone up, and if you're just like everyone else and watch the news at night, you will see fear, fear, fear. Like they're still rising. So what is happening? Well, the funny thing is, even with that, like supply has dropped drastically as well. Now, that could be because the sales have risen substantially, obviously, but the overall supply, like in terms of how many sales can be, basically how long of a market supply you have, based on what's currently listed, back in about 2011,.

Speaker 1:

It would have lasted. If no one has listed a single property today, in 2011,. It would have lasted like seven months, yeah, what is it now? Five? Yeah, five, from 2014 to 2020, now it's 3.1. Yeah, so it went from like seven to five to three, so three months. Right now there's only 165K give or take at the time of doing the statistics, if you exclude listings over 180 days old. The reason we do that is because if the property that's listed for 180 days is out of that market cycle where normally a listed property sells within, like you know, maybe 80 days, hopefully, yeah, yeah, if they're over 180, they're either unique or there's problems or something. They're not readily available.

Speaker 1:

It's not very long. Three months of supply. It's not long at all, is it? It's less than half of what it was. So it's a tight market, and 13 years isn't that long of a time either. No, it's a tight market. 13 years isn't that long of a time either. No, it's not Like 2011,. That's the year after the Pies won the Premiership. Still remember it like it was yesterday. It's not long ago. Of course you remember that he loves the Pies. Oh yeah, median dwelling values on detached houses are about $1 million nationwide. A million, that's up there. And from 2000, that represents a 6.9% annual growth rate. They've multiplied about 3.6 times since back then, which I do like the 3.6 times statistic. Yeah Well, 6.9% annual growth rate is good.

Speaker 1:

If you look at, say, for example, shares, the reason that people would prefer them and again, this isn't financial advice, as you know, you heard the disclaimer about five minutes ago. However long we've been talking, shares are known to return about 8% per year, right, or 9% per year. So properties come in at 6.9% for the last 24 years. It's actually really a lot closer than people think. So in that circumstance, if you're getting a 5% rental yield as well yeah, you got to throw in the rental yield Then it's about 12% of a return per year, whereas with the shares you might be getting a 3.7% dividend if you're lucky, and it might be partially franked or fully franked. So again, that's sitting at about 11%. So property and shares are realistically giving you the same amount of return per year, but one of them has leverage and the other one doesn't. Yeah, I know which one I prefer. Common sense, right? Well, you'd think it would be. You would. That's your company, that's my company, that's not my company. And our apartments as well. So they've gone up 5.5% annually. What are they? Median price well, so they've gone up five and a half percent annually. What are they? Median price of 654 000, which is still like.

Speaker 1:

People bash apartments. Right, I don't get like apartments, don't get me wrong. I've only ever really liked maybe three or four apartments in my time and only ever actually sold one. I believe that's actually done all. Right, oh, that one's done. Well, it was picked up for $560,000 now, with $850,000 renting, $870,000 a week. And we were there the other month actually, we were Beautiful and I'll be there in two days, so I might actually go pop in and just see how it's performing, just go have a look at it and go, wow, so nice building, 28 days. If you get it, you get it. Well, at the point of listening, they won't be 28 days, so they might be confused 27, 26. Ideally, we'll pop this out today or tomorrow. We'll see what happens. Probably not today, but yeah, people bash apartments and we've fallen into that category before.

Speaker 1:

To an extent, apartments aren't all bad Physically, not physically. Though extent, apartments aren't all bad physically not physically going back away, we're not violent individuals, no but they've gone up 5.5 percent annually, reflecting a 2.5 times increase since 2000 as well, and that's pretty good number. Again, it is like yes, but also no, because it's the media. This is the whole australia we're talking about. Like, some areas fully outperform the other areas in the country, like, for example, in Melbourne.

Speaker 1:

I see a lot of apartments up for sale and I also know a lot of people who are buying their first home as an apartment, for example, and I just bite my tongue. I'm like what are you doing? And it will go kind of to the trend later on as well with the what have we got? We've got statistics actually around apartments for Melbourne, Like Sydney, melbourne, cameron and Darwin all not worth diving into because there's really no changes there, I believe from the statistics.

Speaker 1:

Yeah, not overly notable, yeah, but if you are looking at an apartment, you've really got to figure out the location because, yes, it's very cliche that location is everything. But, like apartments, it's way more important to look for location compared to a house if you're buying an apartment, because the risk and reward is quite substantial and Zeke is trying to hold it in a sneeze. I can look, mate, let it out, I will not Let it out. And as well, in that number you've got to take into account that there was periods where certain areas were doing nothing or going backwards and then they might have been saved by something Like if we just take Brisbane, for example, units there from maybe 2000 to 2015,. Terrible, shocking, like outrageously horrible. And then they've kind of come back in the last nine years because you've got the under-supply, the Olympics, covid, people migrating there. Like there's a lot of things to take into account and it's funny how a market can just bang change like that Overnight. Then you make a bit of money, that's true.

Speaker 1:

And another interesting point and I did actually briefly speak about this in my podcast uh, the solo edition, the mr monotone, um, but at least you know I do. I was sitting there going, oh, this is terrible. But I was like, oh, I'm so crook. Um, oh boy, I know I had to get it done. You didn't have to get done.

Speaker 1:

Yes, traditionally speaking, like property cycles, share cycles, that kind of thing, investment cycles they've been noted and like agreed upon between professionals, like eight to ten years per cycle. Some even say as much as 12. Yes, some people really push it out, don't they? And they're very firm on it. Like, I listen to some podcasts and they're like oh yeah, 11 years is the general cycle and 11 years is the general cycle, and they're very firm with it. Yeah, but since 2000,. It's been like between four and six years and I probably expect that it's going to come down to like every three years soon, and I think that's. I'm a fan of that. Yeah, I'm an investor. I'm happy with that Because you can take real advantage of it.

Speaker 1:

You can really build wealth. Yeah, you can, especially if you're younger. Yeah, you can really build wealth. Yeah, you can, especially if you're younger. Yeah, we're not advocates of timing the market, but if you can time the market, you can, yeah, so I was saying that would be due to, like the information age and how reactive everything is.

Speaker 1:

To recall you saying that I agree, because everyone can just pick up info from their phone now. Yeah, so you do? You share the same point of view that it's going to just keep coming quicker and quicker and faster, doesn't it? Yeah, like you, it's common sense. Like technology is getting better and better and information is coming quicker and quicker to everyone. Yeah, and people are just so quick to react to stuff now like they don't everyone's got phone. Yeah, you know why as well.

Speaker 1:

I think the whole crypto thing, like those crypto millionaires, like you know, five, five years ago had people just getting rich within one week of making a million bucks. I think everyone now subconsciously is like, oh well, come on, I want to, I want to quickly make money, let's go. Yeah, I think that's just going to keep coming quicker and quicker, not only due to like information, but I think where we are in the world with just everything, like you know, covid out of nowhere and how quick government mandates and stuff were for that kind of thing, and then like reactions to elections and stuff which are every four years, and then you've got the chances of wars starting. And it's not the fact that there was never wars before, don't get me wrong. There's always been killing and that kind of thing going on. Now we just see it 24-7. Yeah, literally Like it's exploding. I've been buying up TikTok algorithms, yeah, and people just getting involved in stuff like protests happening here. They're going to have a huge impact on the world over there. Genius, yeah.

Speaker 1:

In terms of last financial year, moving on, detached housing prices changed. Some were positive and some were negative. As I discussed, the losers we spoke about were like Canberra, just it didn't really go down, but it did. Hobart copped about 5% and I said it last week and I'll say it again Don's favourite place, melbourne, copped a big 7%, probably because of the good old Labour government. Yeah Well, that's a big.

Speaker 1:

I'll tell you what every single Victorian I know hate. I don't like saying the word hate, but hate the Labour government. Say loathe, loathe, dislike with a passion, dislike with a passion. Yes, that is loathe, good word. The Labour government. And also now, the land tax here is ridiculous. Yeah, so it was only last week.

Speaker 1:

I was speaking to a real estate agent in Perth and he mentioned to me that probably around 88% to 90% of their buyers in the last six months are all Victorians, because everyone's selling their investments here because the land tax is just ridiculous. Like, why would you buy a property here for an investment if you're going to get absolutely healed by the land tax Before that? Why would you anyway? Let's be real. Yeah, I don't see the had a track record as one of the best cities. Well, I think back like 20 years ago. Yes, would have been elite, like I would have bought well, you know it was affordable to buy in, like South Yarra, and the supply wasn't overcooked. No, you could buy in South Yarra, prahran, portmelt, like the good areas, and people weren't actually leaving. Like, if you're going to buy something in Victoria, you're probably going to be buying something out, probably pretty far out west, or then New Geelong, which some places in New Geelong are right, but there's so many better places when you look at like Perth or Queensland, or even South Australia, even regional New South Wales, yeah, there's just so many better options in terms of investments.

Speaker 1:

Head on heart, I would personally, I'd go Northern Territory before Melbourne. Jeez, that is a big call. That's a big call. I know you just like investing up in the NT. I do, I do. But yeah, melbourne's copped a lot of things as well, like, as well as the politics and stupidity. It's a very woke city. It is very, very woke. It's kind of like a mini America. Yeah, we have protests every week. It's like a million mini california city state. Realistically, as well as all of that going on and as well as you're already over supply and that kind of thing.

Speaker 1:

And then covid happened. All the international students left and then people here had a max exodus to queensland like you had uh, I was one of them moving up to sydney. You did, yeah, you had over 38 500 people relocate um, just to queensland during covid. Yeah, and they haven't come back. But why would you, if you're paying $1.2 million for a house here where Probably? Pay 800K up there near the beach, brand new build 800K back then anyway? But yeah, they've just been losers on many fronts, unfortunately. Melbourne, whereas winners, on the other hand, you had Sydney, about 7%, brisbane about 8%, adelaide about 9%, and then Perth was about 15%. Darwin was about 2%, not really relevant. But yeah, perth, it could be a couple of Darwin listeners, yeah, but it's irrelevant. No, I'm saying the number's not that relevant.

Speaker 1:

Darwin as a place we had the good old regional hubs. Regional hubs, good call. Which ones did well in the country? Gold Coast did very well. Sunshine Coast did very well. Townsville did very well. Cairns did very well I think they were all Cairns, the home of Aussie Shore. Maybe that's going to make it boom even more. Yeah, anyone who hasn't watched it, I recommend Interesting show. Definitely not Geordie Shore quality. Definitely not Jersey Shore quality. No, let's just say it's Australian made, I'll be sure. Yeah, it's like the Babadook Greatest horror movie of all time.

Speaker 1:

But, yeah, between 11% and 17% for them, just listed, and then Units and Townhousers actually outperformed, that is pretty insane. Yeah, they were sitting at around percent. Um, there's a lot of reasons for that. There was a low price point, uh, very small cost of entry, and then the undersupply and everything of what's going on. And it's also important to think like the people who were moving, let's say, international students and stuff, if they were moving from melbourne to gold coast or something and they would have been getting units and that kind of thing. So it all comes and goes.

Speaker 1:

Now, in terms of overseas buyers, nearly 10% of new properties in Australia was sold to them. And what was it? 5% of existing properties as well, which is shy of 5% actually. Yeah, yeah, that's true. So it's increased since COVID Higher, yeah, higher than pre-COVID, which is good for Good for prices, good for property prices, but also, at the same time, I'm not a big fan of it, because I want Australians to be buying real estate in Australia. I don't want, you know, individuals from let's just use China or America or any country buying our real estate. It's just, you know people are pretty firm on that, ruining the good old Australian dream. Look for prices.

Speaker 1:

I think at this point in the market it probably wouldn't be a bad idea to invoke a bit of harsher rules on that internationally. Because the prices are high. Yeah, as we said before, they've gone up like three and a half times since 2000. That's very quick, rapidly outperforming inflation. It really limits the people being able to enter the market. It limits people, even who are already in the market, from getting a second one or a third one if they haven't done it correctly or if their income is low. Yeah, it just makes it very difficult for the younger generation. Like, yeah, sure, I know that all the people who were out there in their like 50s, 60s, 70s are like, oh, we did it tough back in the day, like it wasn't easy for us either. Yeah, but your property prices didn't go up that quick. Yeah, your property prices weren't at the level they are on the multiplication of income factor that it is now. Like it's never been harder to buy a property. No, property, no.

Speaker 1:

And another issue as well is the quite a few millionaires migrating to australia. Yeah, that one shocked me when I was, uh, doing the research on that. Yeah, I can't believe we're the second highest country in the world. Yeah, I mean migrating uae. Obviously I knew that was number one, but then I was like maybe that's ridiculous and that's just impacting. You know, you get the first home buyers. They're trying to get a house for even 900k and then probably going to get it bitted by a few hundred thousand for these millionaires. Yeah, and the thing that actually really shook me on that, like when I read that we were number two, I was like all right, let me do more research into this, because that's like actually bogus, I need to know more.

Speaker 1:

Um, but once they're actually here, like the millionaires, they hold housing more than the average millionaire as well. So if you've got one millionaire that's not in Australia, you know, let's say they own like five houses and then you've got one that's in Australia. Now they've relocated. They normally hold more than that. Okay, so on average, they hold more property and they hold less property outside Australia. Yeah, so they hold less property outside Australia. Yeah, so they hold more in total but less out of Australia. So property is their way of getting richer and richer. Yes, but it means that ultimately they're holding more property than other millionaires, and only in Australia. Strange, isn't it? Yeah, so they're really driving the market here and they normally hold like 40% of their wealth in property, where the global average is only 29% for millionaires. So they hold 10% more of their wealth in property, more in Australia. Like, yeah, it's ridiculous.

Speaker 1:

You mentioned the majority of those millionaires are what? Russian, chinese, indian, as well as members of the UK. I don't know. Yeah, chinese makes sense because there, well as members of the UK. Chinese makes sense because there's always a lot of Chinese millionaires. But the Russian and Indians and we see a lot of them around, we know that is true the Russian and Indians have been surprising.

Speaker 1:

The Russian one really shocked me. The Indian one I wasn't overly surprised. The Russian one completely shocked. I haven't met a single Russian Like a millionaire. Same with the UK. Well, it's not often. I don't really. I've never really met like a wealthy individual from the UK and Australia who, like, invests in property here. Yeah, like, not saying they don't exist because obviously they do. Yeah, obviously, but like, where are the Russians in the UK? Strange, but stats don't lie. Yeah, maybe, if you're out there, feel free to flick us a dm and say, hey look, I've got a higher russian percentage in my neighborhood, lots of them here, and I'd love to actually go visit them. Just I'll have to bring my brother along because he can speak russian and he can. He can do a bit of translating for me. But same in the uk, like if you, if you're in a neighborhood where there's a large number of them, they have nice houses or cars and you see them getting their coffee and stuff. Yeah, say g'day, g'day In terms of development, which is an interesting thing to talk about.

Speaker 1:

So NAB actually surveys their developers and stuff. They do it quarterly, like just to see what their problems in the market are. Labour and construction they're two biggest issues now. So labor being employees like workers, brick layers, that kind of thing which we're already aware of because we've seen companies drive from site to site hey, how much are you getting paid to do this per hour? Or 20? All right, come do it for me for 25. Yeah, I just jump jobs that day, the other cost being the actual construction cost, obviously, which is just materials and all of that kind of stuff which makes sense. Obtaining permits, lack of like sites, high interest rates and tight credit are still issues, but not as big as they were.

Speaker 1:

And here's a good one. This is one that I really got to experience. Anyone who's growing up in an area or who's living in an area where there's land and they're seeing the developers come and destroy it and build their houses, and that will understand this For you yourself, don. People in Melbourne, people in Sydney like central Sydney or developed Sydney, developed Melbourne, developed Brisbane won't really have a full understanding of this. But there's little cookie-cutter boxes, right, have a full understanding of this. But there's little cookie cutter boxes, right, which picture, like all the 600K packages that you're seeing around, little three bedrooms on 300 square meters At the back of my old house that was all developed and you just had bang, bang, bang bang. They're cookie cutters, right, because they're all the same. So they now cost 550K to build, whereas back in 2019, they were about 375K. So build prices are going up quite drastically.

Speaker 1:

But in saying that, on average, if you spread it out over the last 30 years, they've only gone up 4% a year. Yeah, they just had a huge jump due to COVID Moving on. Vacant dwellings are still at their lowest levels since 2007. So the rate is around 1.3 percent, meaning five days a year, your property is vacant, which is pretty good. Elite, yeah, that's uh, very good. Yeah, they're still the lowest they've been since 2007 and that's very, very good. Everyone, yeah, they're still the lowest they've been since 2007. That's very, very good. Everyone who's probably listening to this podcast would understand what's going on 07, 08, 09. So, yeah, that's pretty self-explanatory. But, yeah, 1.3% vacancy, roughly five days a year, it's pretty good.

Speaker 1:

So you get a property, you settle on it. It's normally rented out within the week, yeah, yeah. So you know it might be. Um, you do an open home the next day, process applications, bang, you've got a tenant pretty good, um, and rent's going up pretty drastically. If you're, uh, if you're the landlord, yeah, great. If you're the landlord, tough. If you're trying to get a rental property, yeah, yeah, for tenants out, it is a bit tough.

Speaker 1:

I've always found, as a tenant I am a tenant, I don't intend on owning a home at any point in the future, but owning homes and investments, yes, yes, I mean, as in owning an owner-occupied property where I live, a principal place of residence I always find that just offering $ bucks a week more gets it done. And it's 10 bucks a week, yeah, like I'll literally just go in there. I'm like, oh yeah, yeah, cool, like um, just be a good bloke about it. Pay, yeah, I'll pay an extra 10 a week on the application and then they're normally pretty quick to do it because everyone else is just applying it the actual price. It is.

Speaker 1:

Some people lowballing yeah, some people do lowball and everyone else is probably applying it the actual price it is. Some people are low-balling yeah, some people do low-ball, and everyone else is probably getting a bit frustrated at that answer. They're probably like, well, you're contributing to the increase in rental prices. I might be, but if I own investment properties and I'm increasing the price of it, or if my clients own properties and increasing the price, then I'm doing them a favour and also I just want somewhere to live. And also I just want somewhere to live. Leave me alone.

Speaker 1:

You're getting a bit of hate mail, are you? I would love you to get a bit of hate mail. It would be so funny. I reckon it would end pretty bad. I'll be a bit upset for you. But yes, the rent 1.3%. Low, low, low, yeah. And the other thing is rent prices are growing at about 4% per year, which is outperforming inflation and wage growth actually. So rent is getting more and more unaffordable, yeah, and then in terms of, like, actual vacancy rates in the country, perth is still leading the charge In terms of lowest In terms of lowest. So that's just sitting around 0.5, 0.6 from last month. And then you've got Adelaide, second Brisbane, third, melbourne and Sydney following them. So there you have it as predicted, perth leading the charge.

Speaker 1:

Yes, on to population growth, which is one I was a little bit annoyed about. My voice might have changed pitches, actually, are you sure? I don't recall. It may have removed some of the monotone speaking at that point in time. Interesting, I might have to have it listened.

Speaker 1:

I mean, I'm not going to go on a rant about it again, but we normally float around or have around 375K like growth per year in terms of population In 2020 and 2021, it was closer to 100 or 150K in between there. So it's down, okay, it's down, like you've got 250 grand give or take. We then have a year of 650 000 and everyone's like, okay, we're having the biggest growth ever, like we're just getting pumped with like inflow of population. It's going up and up and up and you know, housing's going to be impossible forever. But the simple answer is no, we we missed out on like half a million people in two years. We then had 650k in one year, which it kind of levels out Like, yeah, sure, there's a little bit of growth in there, but it nearly levels out. It's mostly people returning and it's mostly the consistency that we were receiving. So that'll be interesting to keep an eye on over the next 12 months and it's all realistically overseas students coming through. Yeah, yeah, that's right, which it always has been. It's going to level out. Yes, yeah, it's not a huge thing.

Speaker 1:

So ignore the news. The news loves to lie. The news loves to gallivant rubbish and trick people. It does. I love watching the news and it's talking about stocks and they're like, you know it was a huge day. You know it's gone up like three points or something. And then I'll get a call from like a client or from a friend or something Like whoa, did you see that the stock has changed? Like had a huge day today? I'm like mate, it went up like half a percent in one day and tomorrow it's going to go down half a percent.

Speaker 1:

It's the programming. Yes, do not watch the news unless you love it, but then I wouldn't anyway. I know you don't like it. Yes, I don't like it. Do your own research, let's say that. And in terms of population as well, you've got here that over the next 20 years, we're actually going to decrease our population size. Yeah, through the birth rates and the mortality rates, yeah, long story short, I'm not going to go into the stats on this one again because if you want to hear it, you can listen to that in last week's episode. Just skip to the end so you don't have to deal with all the boring parts and we'll just leave it there. We'll leave it there.

Speaker 1:

Well, I hope that you guys have enjoyed this episode in terms of getting more energy in your day and maybe a little bit of a man is not monotone, so it is good to see not monotone. I've had had a few tablets this morning to get me back up and about in terms of, you know, controlling a little bit of illness. My voice might sound a little bit husky and if you like that, let me know too, but we'll catch you all in the next episode. Have a lovely day, ciao. As always, we hope you enjoyed the episode and if you did, you know exactly what needs to be done. Hit that follow button button subscribe, share it to friends, family or even your co-workers, as sharing this podcast helps not just us, but everyone in the world to learn about their finances. Thank you, darling.

People on this episode

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Oscar Don

Co-host
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Zeke Guenthroth

Co-host