A Financial Planners $300k Car Loan Mistake - Pour Decisions

September 9
20 mins

Episode Description

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At nineteen, Rob Creaton walked into a bank and asked for thirty grand to buy a silver V8. He got it, plus some loan insurance he'd later claw back in a class action. The car's long gone. The maths on what that $600 a month could have become is still sitting there. In the aftershow, Rob and Alex compare bad car decisions, and Bindi asks the question that reframes the whole thing — what did you have to unlearn before you could build wealth?

  • The $30k car loan at 19, and the $300k it quietly cost
  • Alex's Mustang, and why you can justify almost any purchase after the fact
  • Why "pay off the mortgage, bank the rest" was never a retirement plan
  • Shares and property — Rob on why he rarely picks one
  • Your goals aren't your strategy: what to do when a client says "I don't know what I want"

The pour: The Macallan A Night on Earth: The First Light. Speyside single malt, 43%, no age statement, artwork by New Zealand illustrator Bonnie Brown. Caramelised marshmallow, pavlova, vanilla ice cream, manuka honey. Chosen for Rob — dressed sharp, approachable underneath.

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Finance, But Neat is hosted by Alex Watson, an accredited mortgage broker and director of Funded Finance. 

Information shared by guests reflects their own views and expertise and is general in nature only. 

FUNDED FINANCE PTY LTD ABN 13 662 875 523 is an authorised credit representative of Connective Credit Services Pty Ltd Australian Credit Licence 389328. The information provided is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.

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