Not Rich Yet Show

Everything costs more than it did a few years ago - and the frustrating part is, it's not going back down. In this episode, Gav and Jas break down what inflation actually means for your hip pocket, why your personal cost of living pain might look nothing like the national number, and most importantly, what you can actually do about it. If you've been feeling like you're doing everything right but still can't get ahead, this one's for you.What We Cover- What inflation actually is and what the CPI number means for your wallet- What inflation actually is and what the CPI number means for your wallet- Why prices dropping from 5% to 3% doesn't mean anything gets cheaper- Why your cost of living pain might look nothing like the national average- The three things you need to do to get on the front foot- Real listener scenario: couple earning $7,500/month with 60% going to the mortgage- Real listener scenario: single person on $92k who "can't save" — and why the math doesn't add upTimestamps:

0:00 — Intro2:10 — Why prices aren't going back down5:30 — What inflation actually is9:00 — How CPI is calculated in Australia13:30 — When inflation drops, do prices drop too?16:00 — Why your cost of living pain is different to everyone else's19:30 — What clients are actually saying22:00 — The three things you need to do27:30 — Why chasing income without fixing expenses keeps you stuck31:00 — Listener scenario: couple, $7,500/month, 60% to the mortgage38:30 — Listener scenario: $92k salary, $200 left per fortnight46:00 — Fixed vs variable expenses49:30 — Wrap upLinks:Connect with Gav & Jas - https://deposit.muney.com.au/book1746673493436Free 45 minute call with expert - https://deposit.muney.com.au/book1746673493436Mortgage Calculator - https://muney.com.au/mortgage-calculator/

We've all gone to the wrong person for the financial advice and ended up worse off for it. In this episode, Gav and Jas breaks down the "halo effect" that trips people up financially - trusting one professional for advice thats's outside their lane. If you've ever wondered exactly who to go to for tax, investing, debt, property, insurance, super or credit advice, this one's for you.What We Cover: - What the "halo effect" is & why it leads people to bad financial advice- What accountants are good and bad for- The difference between financial planners, money coaches and stockbrokers- When to use mortgage brokers, and the conflict of interest worth knowing about- Who to call for property: buyer's agents vs real estate agents vs mortgage brokersTimestamps: 0:00 – Intro & Jase's trip overseas2:30 – Gav's accountant horror story6:00 – The "halo effect" explained9:30 – What accountants are actually for13:00 – Financial planners & credit repair specialists17:00 – Insurance brokers, stockbrokers & lawyers20:30 – Money coaches: where Gav & Jas fit in24:00 – Mortgage brokers, buyer's agents & real estate agentsLinks:Connect with Gav & Jas - https://deposit.muney.com.au/book1746673493436Free 45 minute call with expert - https://deposit.muney.com.au/book1746673493436Mortgage Calculator - https://muney.com.au/mortgage-calculator/

David and Steph are back for part 2. In part 1, we tackled the mindset (which is a must-have before doing a strategy). This time, it's the numbers - and they're wild.With a $609K variable mortgage, a $16K personal loan, goals for a European trip, kids, and eventually a bookshop/café, we walk them through a three-phase strategy to cut their 30-year mortgage down to just 10.5 years - without touching their budget...What We Cover:- The goal-setting step most people skip- Why being overly risk-averse can actually slow down your mortgage payoff- Redraw vs. offset - Repayment stacking- The three small structural tweaks that save $451K in interest - Why a slightly higher interest rate with an offset can beat a lower rate without oneTimestamps:01:45 — Goal-setting framework03:00 — Anniversary trip goal06:30 — Europe trip goal09:00 — The mortgage: $609K, 30 years12:00 — What's holding them back21:00 — Redraw vs. offset28:30 — Repayment stacking31:00 — The three phases36:00 — Balance beats sacrificeLinks: Gav & Jas' Company - https://muney.com.au/Free 45-minute call - https://deposit.muney.com.au/book1746673493436Mortgage Calculator - https://muney.com.au/mortgage-calculator/We'd love to have you on the show! We're looking for everyday Australians to sit down with our financial experts Gav & Jas to talk through their situation and get real advice - on mic. If you're interested, please email [email protected] and we'll reach back out.

You've bought your first home. Now the real questions start - how do you actually think about money when a mortgage is in the picture?

In this episode, Gav & Jas sit down with Steph & David, a couple in their mid-20s who just bought their first home and are doing everything "right" - but feel overwhelmed by conflicting advice and unsure who to trust.B

efore getting into strategies and numbers, they start where it actually matters: mindset.

What We Cover:

- Why money mindset comes before money strategy

- The four ways your brain tricks you into poor spending decisions

- How to cut through financial information overload (and who's actually worth listening to)

- The 4 foundational money mindsets every homeowner needs

- How to align on finances as a couple

Timestamps:

00:00 – Meet Steph & David

00:00 – Meet Steph & David

03:00 – Mindset before tactics

05:30 – "Don't have champagne taste on beer wages"

08:30 – How they split finances across four accounts

10:30 – Cutting through conflicting advice online

15:30 – Who's actually worth listening to

20:00 – The four money mindset traps

24:00 – Real examples: the WRX, phone plan, Disneyland

30:00 – Why "holiday money doesn't count" is costing you

35:00 – Wrap-up & what's in Part 2

Links & resources:

Gav & Jas' Company - https://muney.com.au/

Free 45-minute call - https://deposit.muney.com.au/book1746673493436

Mortgage Calculator - https://muney.com.au/mortgage-calculator/

Want to come on the show? We're looking for everyday Australians to sit down with our financial experts Gav & Jas, to talk through their situation and get real advice - on mic. If that sounds like you, email [email protected] and we'll reach back out.

Most Australians think earning more will fix their finances - but if you can't save money even with a good income, the problem usually isn't your salary. More income just means more spending if the system underneath stays broken.

In this episode, Gav and Jas unpack why more money doesn't solve money problems, how to stop spending everything you earn, and how to budget without a spreadsheet using a simple bucket system that runs on autopilot.

What we cover:

• Why the gap between what you earn and spend matters more than your income size
• How lifestyle inflation silently expands to swallow every pay rise
• Why chasing more income is often just avoiding the harder work of changing habits
• How a simple bucket system allocates your money automatically before you can spend it
• The three steps to take this week to get your cash flow under control

Timestamps:

00:00 — More income doesn't guarantee getting ahead

01:30 — The lottery story: why a windfall won't fix bad habits

04:00 — Gav's DJ side hustle and why it backfired

07:00 — The Vietnam client: saving more on half the salary

09:00 — Why our brains resist changing spending habits

12:00 — The income-expense gap: what you think happens vs. reality

16:00 — How the envelope/bucket system works

24:00 — The three key steps summary

Links & resources:

Gav & Jas' Company - https://muney.com.au/

Free 45-minute call - https://deposit.muney.com.au/book1746673493436

Mortgage Calculator - https://muney.com.au/mortgage-calculator/

We answer questions from Aussie homeowners and give our honest live feedback.

Key Topics:

- Why your mortgage feels like it's going nowhere in the first few years

- Should you sell up and just rent instead?

- What rent-vesting actually is

- Why borrowing your maximum is usually a trap

- Emergency funds - how much you actually need and where to put it

What You'll Learn:

- Most of your repayments go to interest early on

- why that's normal & how to think about it

- Rent-vesting can work - but only in the right situation

- The bank approving you for $1M doesn't mean you should take $1M

- A 12-week emergency fund makes a scary mortgage a lot less scary

- Comparing rent vs. mortgage on monthly cost alone will lead you to the wrong answer

Timestamps:

00:00 — Intro

01:30 — Case 1: $1M mortgage, $5K a month in interest - is it worth it?

03:30 — Why the first years of a mortgage feel hopeless

06:00 — Your options: cut spending, rent-vest, or hold on

07:30 — What is rent-vesting and does it work in Sydney?

11:00 — Case 2: Approved for $1M but can only afford $700K

14:00 — How much should your emergency fund actually be

18:30 — The deposit mistake most first home buyers make

Links:

Gav & Jas Financial Services Company - https://muney.com.au/

Free 45-minute call - https://deposit.muney.com.au/book1746673493436

Mortgage Calculator - https://muney.com.au/mortgage-calculator/

Paying off a mortgage in 30 years is the default. This episode is about how to beat it.

We run through the practical steps from structuring your loan correctly to making your savings work harder - so you can pay it down years faster without living on ramen.

In this episode:- Fixed vs variable: structuring your loan to pay it down faster

- Offset vs redraw: making your savings work harder

- How to calculate your payoff timeline

- Cutting expenses vs earning more

- Using investments to accelerate your mortgage

Timestamps:

00:00 — Paying off your mortgage without ruining your life

01:00 — The biggest mortgage misconception

04:00 — What lifestyle spending really costs you

13:00 — Fixed vs variable: getting the structure right

15:00 — Earn more or spend less?

19:00 — The offset account trap

22:00 — Using investments to pay down faster

Links:

Gav & Jas Financial Services Company - https://muney.com.au/

Free 45-minute call -https://deposit.muney.com.au/book1746673493436

Mortgage Calculator - https://muney.com.au/mortgage-calculator/

Most Australians pick their mortgage based on the lowest interest rate - and it ends up costing them hundreds of thousands of dollars extra. In this episode, Gav and Jas break down the mortgage fundamentals banks don't explain: how interest really works, and how to structure your loan to pay it off faster.

What We Cover

- Why chasing the lowest interest rate can be a costly mistake

- How banks calculate interest daily (and what that means for you)

- The difference between offset accounts and redraw accounts

- Why "set and forget" is the most expensive mortgage strategy

- The core steps to take right now to reduce your mortgage faster

Timestamps

00:00 Intro

02:00 The interest rate trap

06:30 How compound interest works

09:00 Offset accounts vs redraw

14:00 – Three core principles to pay your mortgage off faster

Links

Free 45-minute call to build you a financial plan: https://deposit.muney.com.au/book1746673493436

In this episode, Gav and Jas break down everything you need to know about your mortgage: how much it's actually costing you, how banks use this sytem to make more money, and the simple strategies to take control and pay it off years faster.What we cover:- Why your mortgage is the bank's most profitable product- How Australians ended up spending 50%+ of take-home pay on repayments- Principal vs interest — and why the difference matters- Why fixing your rate can cost you more than you think- How to calculate your actual savings numberTimestamps:00:00 - The mortgage stat that should scare every Australian01:00 - Meet Jace — mortgage broker breaking down the system03:00 - Why banks structure your loan the way they do06:00 - What $500K extra at retirement actually looks like10:00 - The numbers: cutting 30 years to 15 (and what you save)13:00 - Interest only loans — Gav's personal mistake16:00 - A real client story: $40K lost on a fixed rate17:00 - The 3 biggest mortgage mistakes Australians make19:00 - What to do nextLinks:Mortgage Calculator - https://muney.com.au/mortgage-calculator/Free 45-minute financial health call: https://deposit.muney.com.au/book1746673493436

Most Aussies don't think about their credit score until they need money. By then, it's too late.

In this episode, Gav and Jas sit down with Cristal from Credit Repair Australia to break down everything you need to know: what your score is, what's affecting it, the myths around it, why it's important to check it, and strategies to manage and improve it.

What we cover:

- What a credit score and credit report actually are in Australia

- Why getting approved for a loan doesn't mean you got a good deal

- Myth or Fact regarding credit cards, paying off old debts, and those free score apps

- How errors end up on your report (and how common they are)

- What to do if your score isn't where it needs to be

Timestamps:

00:00 - Why your credit score is costing you money

01:00 - Meet Crystal, Credit Repair Australia

02:30 - Credit scores & reports explained

05:00 - The man declined because his report said he was dead

08:00 - Busting the biggest credit score myths

11:00 - Why free score apps are misleading you

13:00 - Credit cards don't build your score — myth busted

16:00 - How long a missed payment actually follows you

Links:

Guest:

Crystal - Credit Repair Australia - creditrepair.com.au

Get a credit check - creditrepair.com.au

Free 45-minute financial health call: https://deposit.muney.com.au/book1746673493436