Investing in Property on a Low Income at 24 Interview with Matt Chamberlain

Published: Jan. 10, 2021, 9 p.m.

b"https://www.youtube.com/watch?v=iNAG0fxF6Kk\\n\\n\\n\\n\\n\\n\\n\\n\\nMatt Chamerlain was able to purchase his first property at the age of 24 while on a low income. In this episode we talk about early financial lessons he learned, how get got into property, the details of his investments and his plans for the future.\\n\\n\\n\\nThis is an inspiring interview with an up and coming property investor and I'm grateful that he was able to share his story with us.\\n\\n\\n\\n0:00 - Introduction0:40 - Matt's first financial lessons7:09 - What go Matt into property9:59 - How to invest on a low income17:13 - Avoiding bad debt19:00 - Why did you use a buyer's agent?24:38 - The experience using a buyer's agent27:57 - Matt's property details30:59 - How has owning the property been32:35 - What's Matt's long term goals38:35 - Last big takeaway\\n\\n\\n\\nRecommended Videos:\\n\\n\\n\\nInterview With Ben Everingham From Pumped On Property (Ep198)\\n\\n\\n\\n2 Properties Before She Turned 30 - Interview With Lisa Tran\\n\\n\\n\\nTranscription\\n\\n\\n\\nRyan 0:00Today, I'm really excited because I have a very inspiring investor on the channel. Today, I'm interviewing Matt Chamberlain, who was able to purchase his first property at the age of 24. All while doing it on a low income. I love these stories where we can talk through people's journey, how they got into property, how they're able to secure their property, and where they're looking to go in the future. So hey, Matt, thanks for coming on today.\\n\\n\\n\\nMatt 0:23no problems at all. Ryan? Glad to be here.\\n\\n\\n\\nRyan 0:25Yeah. So you hit me up over email and said, I've been listening to you for years, you've used Ben and Simon as buyer's agents to help purchase your property. Do you want to chat? It took me way too long to get around to doing this. But I'm really excited to talk to you today about your journey. So do you want to take us back, I guess, to the beginning, where did interest in property or personal finance and things like that start for you, it was,\\n\\n\\n\\nMatt 0:49it was at a very young age, my, my mum probably was the best role model for this when I was maybe 567 years old. Back then we she opened a like a Super Saver account at the local bank with, you know, for my brother and I, and maybe not, you know, on day one, but over time, she really educated us on you know, the perks of that particular savings account, and what you have to do each week to achieve, you know, your high interest rates, and that kind of stuff, which, you know, as it happened, it was depositing a certain amount of money each and every month. So what she would do is, she would give my brother and I pocket money, she'd give us $10 each week, but what she would do is she'd hand it to us say it, you know, at the school gate, and then we'd all go down to the bank. And then we deposit it without deposit book straight to the bank teller, put it into our bank account. And, you know, we got the receipt back. And we could see over time, our all of our different lines on the on the checkbook, where, you know, our money was slowly increasing over time. And I guess that was probably the very first introduction for me with, you know, learning about money and how money works. But then, you know, fast forward five, five years or so when I got my first job when I was 13. Again, sorry, tax man, but I always got paid in cash back then. So the, the owner of that business would pay us in cash again, same thing, I think the best thing about, about having that experience when I was much younger is that I could see, you know, I guess cash, see notes and dollars and actually probably associated that mostly with walking straight to the bank, as opposed to walking into the canteen or something like that,\\n\\n\\n\\nRyan 2:40you know, that was me when I was 13 or 14, I got a paper on. And so I would go around the streets blowing my whistle, people would come out and buy papers and tip you and that's kind of how I started. And yeah, same as you got paid in cash, looking back on it never even thought about tax or anythi..."