{"version":"1.0.0","segments":[{"speaker":"Victor Lagos","startTime":3.24,"endTime":5.01,"body":"Welcome to the"},{"speaker":"Victor Lagos","startTime":3.24,"endTime":5.01,"body":"Debt to Financial Freedom"},{"speaker":"Victor Lagos","startTime":5.01,"endTime":8.4,"body":"Podcast. I'm your host Victor"},{"speaker":"Victor Lagos","startTime":5.01,"endTime":8.4,"body":"Lagos and the founder of Lagos"},{"speaker":"Victor Lagos","startTime":8.4,"endTime":11.61,"body":"Financial. I've been in the"},{"speaker":"Victor Lagos","startTime":8.4,"endTime":11.61,"body":"finance and lending industry for"},{"speaker":"Victor Lagos","startTime":11.61,"endTime":15.06,"body":"16 years, and I've personally"},{"speaker":"Victor Lagos","startTime":11.61,"endTime":15.06,"body":"made financial mistakes and"},{"speaker":"Victor Lagos","startTime":15.06,"endTime":18.84,"body":"learn from them. I started this"},{"speaker":"Victor Lagos","startTime":15.06,"endTime":18.84,"body":"podcast to share stories and"},{"speaker":"Victor Lagos","startTime":18.84,"endTime":22.44,"body":"lessons on my own journey, and"},{"speaker":"Victor Lagos","startTime":18.84,"endTime":22.44,"body":"to share insights that may help"},{"speaker":"Victor Lagos","startTime":22.44,"endTime":25.65,"body":"others on their journey. And I"},{"speaker":"Victor Lagos","startTime":22.44,"endTime":25.65,"body":"interviewed people that I've"},{"speaker":"Victor Lagos","startTime":25.65,"endTime":28.95,"body":"connected with that share the"},{"speaker":"Victor Lagos","startTime":25.65,"endTime":28.95,"body":"same values and mission to help"},{"speaker":"Victor Lagos","startTime":28.95,"endTime":33.18,"body":"others create financial freedom."},{"speaker":"Victor Lagos","startTime":28.95,"endTime":33.18,"body":"My goal this podcast is to share"},{"speaker":"Victor Lagos","startTime":33.18,"endTime":37.41,"body":"raw, honest, transparent and"},{"speaker":"Victor Lagos","startTime":33.18,"endTime":37.41,"body":"helpful stories that you can"},{"speaker":"Victor Lagos","startTime":37.41,"endTime":41.01,"body":"relate to and inspires you to"},{"speaker":"Victor Lagos","startTime":37.41,"endTime":41.01,"body":"take control of your finances"},{"speaker":"Victor Lagos","startTime":41.22,"endTime":44.52,"body":"and only have debt that brings"},{"speaker":"Victor Lagos","startTime":41.22,"endTime":44.52,"body":"you closer to financial freedom."},{"speaker":"Victor Lagos","startTime":46.08,"endTime":49.98,"body":"Everything on this podcast is"},{"speaker":"Victor Lagos","startTime":46.08,"endTime":49.98,"body":"general in nature, and for"},{"speaker":"Victor Lagos","startTime":49.98,"endTime":53.61,"body":"education purposes only. None of"},{"speaker":"Victor Lagos","startTime":49.98,"endTime":53.61,"body":"your personal objectives,"},{"speaker":"Victor Lagos","startTime":53.64,"endTime":57.66,"body":"financial situation or needs has"},{"speaker":"Victor Lagos","startTime":53.64,"endTime":57.66,"body":"been taken into consideration. I"},{"speaker":"Victor Lagos","startTime":57.66,"endTime":61.41,"body":"highly recommend you seek"},{"speaker":"Victor Lagos","startTime":57.66,"endTime":61.41,"body":"personal financial, legal"},{"speaker":"Victor Lagos","startTime":61.5,"endTime":65.76,"body":"taxation and credit advice"},{"speaker":"Victor Lagos","startTime":61.5,"endTime":65.76,"body":"before you take any action on"},{"speaker":"Victor Lagos","startTime":65.88,"endTime":71.34,"body":"what has been heard on this"},{"speaker":"Victor Lagos","startTime":65.88,"endTime":71.34,"body":"podcast. Welcome to episode five"},{"speaker":"Victor Lagos","startTime":71.61,"endTime":74.79,"body":"of the Debt to Financial Freedom"},{"speaker":"Victor Lagos","startTime":71.61,"endTime":74.79,"body":"Podcast. I'm your host Victor"},{"speaker":"Victor Lagos","startTime":74.79,"endTime":78.69,"body":"Lagos . Today I've got a special"},{"speaker":"Victor Lagos","startTime":74.79,"endTime":78.69,"body":"guest. His name is Arjun"},{"speaker":"Victor Lagos","startTime":78.69,"endTime":82.26,"body":"Paliwal. He's the founder and"},{"speaker":"Victor Lagos","startTime":78.69,"endTime":82.26,"body":"head recent Head of Research at"},{"speaker":"Victor Lagos","startTime":82.29,"endTime":85.74,"body":"InvestorKit. It's a data driven"},{"speaker":"Victor Lagos","startTime":82.29,"endTime":85.74,"body":"buyer's agency helping a wide"},{"speaker":"Victor Lagos","startTime":85.74,"endTime":88.65,"body":"range of Australians build"},{"speaker":"Victor Lagos","startTime":85.74,"endTime":88.65,"body":"successful property investment"},{"speaker":"Victor Lagos","startTime":88.65,"endTime":93.06,"body":"portfolios. He's also the co"},{"speaker":"Victor Lagos","startTime":88.65,"endTime":93.06,"body":"host of the property nerds, but"},{"speaker":"Victor Lagos","startTime":93.09,"endTime":96.18,"body":"the podcast that deep dives into"},{"speaker":"Victor Lagos","startTime":93.09,"endTime":96.18,"body":"Australia's hot and cold"},{"speaker":"Victor Lagos","startTime":96.18,"endTime":100.05,"body":"property markets, the latest"},{"speaker":"Victor Lagos","startTime":96.18,"endTime":100.05,"body":"headlines and trends. Arjun"},{"speaker":"Victor Lagos","startTime":100.05,"endTime":102.51,"body":"success has been recognized"},{"speaker":"Victor Lagos","startTime":100.05,"endTime":102.51,"body":"through several accolades,"},{"speaker":"Victor Lagos","startTime":102.69,"endTime":106.65,"body":"including Rising Star of the"},{"speaker":"Victor Lagos","startTime":102.69,"endTime":106.65,"body":"Year at the REB awards in 2020,"},{"speaker":"Victor Lagos","startTime":107.1,"endTime":111.03,"body":"buyer's agent of the year"},{"speaker":"Victor Lagos","startTime":107.1,"endTime":111.03,"body":"finalist at the REB awards 2021"},{"speaker":"Victor Lagos","startTime":111.12,"endTime":116.64,"body":"and 2022 and is a finalist at"},{"speaker":"Victor Lagos","startTime":111.12,"endTime":116.64,"body":"the 2021 and 2022 young"},{"speaker":"Victor Lagos","startTime":116.7,"endTime":118.71,"body":"entrepreneurs award. Welcome."},{"speaker":"Arjun Paliwal","startTime":119.73,"endTime":121.95,"body":"Thank you, Madam"},{"speaker":"Arjun Paliwal","startTime":119.73,"endTime":121.95,"body":"well, and I still get a kick out"},{"speaker":"Arjun Paliwal","startTime":121.95,"endTime":124.8,"body":"of having the word young on the"},{"speaker":"Arjun Paliwal","startTime":121.95,"endTime":124.8,"body":"entrepreneur thing. So I don't"},{"speaker":"Arjun Paliwal","startTime":124.8,"endTime":127.38,"body":"know how long I can hold that"},{"speaker":"Arjun Paliwal","startTime":124.8,"endTime":127.38,"body":"title for but I'll take it. Oh,"},{"speaker":"Arjun Paliwal","startTime":127.38,"endTime":127.5,"body":"you"},{"speaker":"Victor Lagos","startTime":127.5,"endTime":129.06,"body":"told me you're 30"},{"speaker":"Victor Lagos","startTime":127.5,"endTime":129.06,"body":"years old. I think it's still"},{"speaker":"Victor Lagos","startTime":129.06,"endTime":130.23,"body":"pretty young. Yeah. Look,"},{"speaker":"Arjun Paliwal","startTime":130.0,"endTime":132.34,"body":"It depends on who"},{"speaker":"Arjun Paliwal","startTime":130.0,"endTime":132.34,"body":"you talk to yesterday, I was"},{"speaker":"Arjun Paliwal","startTime":132.46,"endTime":136.33,"body":"fortunate to be at a Snoop Dogg"},{"speaker":"Arjun Paliwal","startTime":132.46,"endTime":136.33,"body":"concert. And my good mate"},{"speaker":"Arjun Paliwal","startTime":136.33,"endTime":141.91,"body":"brought his niece and nephew."},{"speaker":"Arjun Paliwal","startTime":136.33,"endTime":141.91,"body":"And they were 16 and 18. And so"},{"speaker":"Arjun Paliwal","startTime":141.91,"endTime":144.22,"body":"having having them talk to me"},{"speaker":"Arjun Paliwal","startTime":141.91,"endTime":144.22,"body":"about life and what they're"},{"speaker":"Arjun Paliwal","startTime":144.22,"endTime":146.23,"body":"into, not into kind of made me"},{"speaker":"Arjun Paliwal","startTime":144.22,"endTime":146.23,"body":"feel better,"},{"speaker":"Victor Lagos","startTime":146.41,"endTime":149.05,"body":"You know? Did you"},{"speaker":"Victor Lagos","startTime":146.41,"endTime":149.05,"body":"bring a property with him? Oh,"},{"speaker":"Victor Lagos","startTime":149.05,"endTime":149.83,"body":"look, we talked"},{"speaker":"Arjun Paliwal","startTime":149.83,"endTime":151.69,"body":"About some"},{"speaker":"Arjun Paliwal","startTime":149.83,"endTime":151.69,"body":"property wasn't as much of the"},{"speaker":"Arjun Paliwal","startTime":151.69,"endTime":156.19,"body":"talk. I think we talked about"},{"speaker":"Arjun Paliwal","startTime":151.69,"endTime":156.19,"body":"universe No uni. We talked about"},{"speaker":"Arjun Paliwal","startTime":156.19,"endTime":159.49,"body":"street smarts versus, you know,"},{"speaker":"Arjun Paliwal","startTime":156.19,"endTime":159.49,"body":"study smarts and that sort of"},{"speaker":"Arjun Paliwal","startTime":159.49,"endTime":162.94,"body":"stuff that you get into some"},{"speaker":"Arjun Paliwal","startTime":159.49,"endTime":162.94,"body":"random conversations. We talked"},{"speaker":"Arjun Paliwal","startTime":162.94,"endTime":166.09,"body":"about, you know, certain social"},{"speaker":"Arjun Paliwal","startTime":162.94,"endTime":166.09,"body":"profiles. Are they cool? Not"},{"speaker":"Arjun Paliwal","startTime":166.09,"endTime":167.8,"body":"cool. So that was pretty fun."},{"speaker":"Victor Lagos","startTime":167.89,"endTime":169.3,"body":"A bit. They're big"},{"speaker":"Victor Lagos","startTime":167.89,"endTime":169.3,"body":"TikTok users."},{"speaker":"Arjun Paliwal","startTime":169.63,"endTime":171.67,"body":"Yeah, look, I"},{"speaker":"Arjun Paliwal","startTime":169.63,"endTime":171.67,"body":"think I think everyone's"},{"speaker":"Arjun Paliwal","startTime":171.67,"endTime":174.43,"body":"starting to get into it. Now."},{"speaker":"Arjun Paliwal","startTime":171.67,"endTime":174.43,"body":"Even I've turned a page and you"},{"speaker":"Arjun Paliwal","startTime":174.43,"endTime":176.26,"body":"know, flipped a few scrolls up"},{"speaker":"Arjun Paliwal","startTime":174.43,"endTime":176.26,"body":"and down and see what's"},{"speaker":"Victor Lagos","startTime":176.0,"endTime":178.46,"body":"On that to get on"},{"speaker":"Victor Lagos","startTime":176.0,"endTime":178.46,"body":"TikTok, I'm a bit afraid of"},{"speaker":"Victor Lagos","startTime":176.26,"endTime":176.59,"body":"happening"},{"speaker":"Victor Lagos","startTime":178.46,"endTime":181.04,"body":"going down that rabbit hole to"},{"speaker":"Victor Lagos","startTime":178.46,"endTime":181.04,"body":"be honest. It's so much"},{"speaker":"Victor Lagos","startTime":181.04,"endTime":183.53,"body":"information out there. YouTube"},{"speaker":"Victor Lagos","startTime":181.04,"endTime":183.53,"body":"is already hard enough for me,"},{"speaker":"Victor Lagos","startTime":183.53,"endTime":187.85,"body":"but I think TikTok's is another"},{"speaker":"Victor Lagos","startTime":183.53,"endTime":187.85,"body":"game. Look, I just wanted to say"},{"speaker":"Victor Lagos","startTime":188.0,"endTime":191.03,"body":"Joe Tucker was the to introduced"},{"speaker":"Victor Lagos","startTime":188.0,"endTime":191.03,"body":"us. He was on episode two of the"},{"speaker":"Victor Lagos","startTime":191.03,"endTime":194.45,"body":"podcast. I met Joe through Steve"},{"speaker":"Victor Lagos","startTime":191.03,"endTime":194.45,"body":"Palise. From Palise Property,"},{"speaker":"Victor Lagos","startTime":194.69,"endTime":196.85,"body":"who I work really closely with"},{"speaker":"Victor Lagos","startTime":194.69,"endTime":196.85,"body":"how do you know Joe Tucker?"},{"speaker":"Arjun Paliwal","startTime":196.86,"endTime":199.659,"body":"Oh, look, I'm Joe"},{"speaker":"Arjun Paliwal","startTime":196.86,"endTime":199.659,"body":"has been someone who's been kind"},{"speaker":"Arjun Paliwal","startTime":199.715,"endTime":202.849,"body":"enough to reach out over the"},{"speaker":"Arjun Paliwal","startTime":199.715,"endTime":202.849,"body":"last couple of years on his"},{"speaker":"Arjun Paliwal","startTime":202.905,"endTime":206.096,"body":"journey towards becoming a"},{"speaker":"Arjun Paliwal","startTime":202.905,"endTime":206.096,"body":"buyer's agent and growing as a"},{"speaker":"Arjun Paliwal","startTime":206.152,"endTime":209.511,"body":"buyer's agent. And I've just"},{"speaker":"Arjun Paliwal","startTime":206.152,"endTime":209.511,"body":"been someone who wants to offer"},{"speaker":"Arjun Paliwal","startTime":209.567,"endTime":213.206,"body":"tips insights to anyone who goes"},{"speaker":"Arjun Paliwal","startTime":209.567,"endTime":213.206,"body":"on that journey. And that's been"},{"speaker":"Arjun Paliwal","startTime":213.262,"endTime":216.397,"body":"our relationship to date. So"},{"speaker":"Arjun Paliwal","startTime":213.262,"endTime":216.397,"body":"he's he's been a great guys"},{"speaker":"Arjun Paliwal","startTime":216.453,"endTime":219.98,"body":"connected, and I've done my best"},{"speaker":"Arjun Paliwal","startTime":216.453,"endTime":219.98,"body":"to share insights and thoughts"},{"speaker":"Arjun Paliwal","startTime":220.036,"endTime":223.45,"body":"on what can help him whilst he's"},{"speaker":"Arjun Paliwal","startTime":220.036,"endTime":223.45,"body":"on his journey. Awesome. And"},{"speaker":"Arjun Paliwal","startTime":223.506,"endTime":226.977,"body":"yeah, that's been that's because"},{"speaker":"Arjun Paliwal","startTime":223.506,"endTime":226.977,"body":"study to be buyer's agents at"},{"speaker":"Arjun Paliwal","startTime":227.033,"endTime":230.672,"body":"around the same time. No, not at"},{"speaker":"Arjun Paliwal","startTime":227.033,"endTime":230.672,"body":"all. I've been doing it for much"},{"speaker":"Arjun Paliwal","startTime":230.728,"endTime":234.255,"body":"longer, so close to five years."},{"speaker":"Arjun Paliwal","startTime":230.728,"endTime":234.255,"body":"And so as a result, you get the"},{"speaker":"Arjun Paliwal","startTime":234.311,"endTime":237.837,"body":"opportunity in my site to learn"},{"speaker":"Arjun Paliwal","startTime":234.311,"endTime":237.837,"body":"from those who've been doing it"},{"speaker":"Arjun Paliwal","startTime":237.893,"endTime":241.196,"body":"for 5-10 years and more, but"},{"speaker":"Arjun Paliwal","startTime":237.893,"endTime":241.196,"body":"then also to help those in the"},{"speaker":"Arjun Paliwal","startTime":241.252,"endTime":243.38,"body":"earlier parts of the journey. So"},{"speaker":"Arjun Paliwal","startTime":241.252,"endTime":243.38,"body":"yeah,"},{"speaker":"Victor Lagos","startTime":243.0,"endTime":245.46,"body":"Yeah, well, this"},{"speaker":"Victor Lagos","startTime":243.0,"endTime":245.46,"body":"is why I started the show,"},{"speaker":"Victor Lagos","startTime":245.49,"endTime":248.49,"body":"really, to help people on all"},{"speaker":"Victor Lagos","startTime":245.49,"endTime":248.49,"body":"ends of the spectrum. There's a"},{"speaker":"Victor Lagos","startTime":248.49,"endTime":250.98,"body":"lot of people out there that"},{"speaker":"Victor Lagos","startTime":248.49,"endTime":250.98,"body":"want to get on the property"},{"speaker":"Victor Lagos","startTime":250.98,"endTime":253.29,"body":"ladder, they want to grow their"},{"speaker":"Victor Lagos","startTime":250.98,"endTime":253.29,"body":"property portfolio, want to"},{"speaker":"Victor Lagos","startTime":253.29,"endTime":256.35,"body":"create passive income streams,"},{"speaker":"Victor Lagos","startTime":253.29,"endTime":256.35,"body":"recurring income, you know,"},{"speaker":"Victor Lagos","startTime":256.35,"endTime":260.16,"body":"build that wealth, but some of"},{"speaker":"Victor Lagos","startTime":256.35,"endTime":260.16,"body":"them just don't know, you know,"},{"speaker":"Victor Lagos","startTime":260.16,"endTime":262.53,"body":"where to start or what's"},{"speaker":"Victor Lagos","startTime":260.16,"endTime":262.53,"body":"required? Or what are the some"},{"speaker":"Victor Lagos","startTime":262.53,"endTime":265.8,"body":"of the lessons that can learn"},{"speaker":"Victor Lagos","startTime":262.53,"endTime":265.8,"body":"from people like yourself, so"},{"speaker":"Victor Lagos","startTime":265.8,"endTime":269.52,"body":"that they can get on sooner? And"},{"speaker":"Victor Lagos","startTime":265.8,"endTime":269.52,"body":"I guess not talk themselves out"},{"speaker":"Victor Lagos","startTime":269.52,"endTime":272.67,"body":"of it? You know, so, I really"},{"speaker":"Victor Lagos","startTime":269.52,"endTime":272.67,"body":"wanted to ask you, I guess a"},{"speaker":"Victor Lagos","startTime":272.67,"endTime":275.34,"body":"little bit about your personal"},{"speaker":"Victor Lagos","startTime":272.67,"endTime":275.34,"body":"and professional story, like"},{"speaker":"Victor Lagos","startTime":275.34,"endTime":278.58,"body":"what led you to be a property"},{"speaker":"Victor Lagos","startTime":275.34,"endTime":278.58,"body":"investor, because you are one as"},{"speaker":"Victor Lagos","startTime":278.58,"endTime":280.71,"body":"well and starting InvestorKit by"},{"speaker":"Victor Lagos","startTime":278.58,"endTime":280.71,"body":"the agency,"},{"speaker":"Arjun Paliwal","startTime":280.96,"endTime":282.82,"body":"Property"},{"speaker":"Arjun Paliwal","startTime":280.96,"endTime":282.82,"body":"investor. It's a story that"},{"speaker":"Arjun Paliwal","startTime":282.88,"endTime":286.45,"body":"changes sometimes depending on"},{"speaker":"Arjun Paliwal","startTime":282.88,"endTime":286.45,"body":"you know, I guess what comes up"},{"speaker":"Arjun Paliwal","startTime":286.45,"endTime":288.94,"body":"from the core memories, but the"},{"speaker":"Arjun Paliwal","startTime":286.45,"endTime":288.94,"body":"first memory that always comes"},{"speaker":"Arjun Paliwal","startTime":288.94,"endTime":293.83,"body":"up to me, is my dad and both for"},{"speaker":"Arjun Paliwal","startTime":288.94,"endTime":293.83,"body":"good and bad reasons. So the"},{"speaker":"Arjun Paliwal","startTime":293.83,"endTime":296.95,"body":"good reason is him having some"},{"speaker":"Arjun Paliwal","startTime":293.83,"endTime":296.95,"body":"moves that he made in the"},{"speaker":"Arjun Paliwal","startTime":296.95,"endTime":300.76,"body":"younger years being open to talk"},{"speaker":"Arjun Paliwal","startTime":296.95,"endTime":300.76,"body":"about it and The dining table"},{"speaker":"Arjun Paliwal","startTime":300.76,"endTime":304.84,"body":"discussions of what he'd gotten"},{"speaker":"Arjun Paliwal","startTime":300.76,"endTime":304.84,"body":"word that is today, then the"},{"speaker":"Arjun Paliwal","startTime":304.84,"endTime":307.75,"body":"second thing is, and I think the"},{"speaker":"Arjun Paliwal","startTime":304.84,"endTime":307.75,"body":"more motivating factor was all"},{"speaker":"Arjun Paliwal","startTime":307.75,"endTime":311.11,"body":"the places he'd drive by and"},{"speaker":"Arjun Paliwal","startTime":307.75,"endTime":311.11,"body":"said, I could have bought that."},{"speaker":"Arjun Paliwal","startTime":311.5,"endTime":314.38,"body":"You know, that would have been"},{"speaker":"Arjun Paliwal","startTime":311.5,"endTime":314.38,"body":"something I did. I went for"},{"speaker":"Arjun Paliwal","startTime":314.38,"endTime":319.54,"body":"this, your mother said, No. But"},{"speaker":"Arjun Paliwal","startTime":314.38,"endTime":319.54,"body":"I think I was also a bit of a"},{"speaker":"Arjun Paliwal","startTime":319.54,"endTime":322.39,"body":"cop out because he didn't want"},{"speaker":"Arjun Paliwal","startTime":319.54,"endTime":322.39,"body":"to end up taking action. And"},{"speaker":"Arjun Paliwal","startTime":322.63,"endTime":325.54,"body":"some of the guys of that"},{"speaker":"Arjun Paliwal","startTime":322.63,"endTime":325.54,"body":"generation love to blame the"},{"speaker":"Arjun Paliwal","startTime":325.54,"endTime":329.53,"body":"other half. But from that aspect"},{"speaker":"Arjun Paliwal","startTime":325.54,"endTime":329.53,"body":"of things, because of all his"},{"speaker":"Arjun Paliwal","startTime":329.53,"endTime":333.79,"body":"moves he didn't take was"},{"speaker":"Arjun Paliwal","startTime":329.53,"endTime":333.79,"body":"actually my biggest motivator to"},{"speaker":"Arjun Paliwal","startTime":333.79,"endTime":337.21,"body":"take certain moves. And so he"},{"speaker":"Arjun Paliwal","startTime":333.79,"endTime":337.21,"body":"actually was also a positive"},{"speaker":"Arjun Paliwal","startTime":337.21,"endTime":340.21,"body":"influence and pushing me because"},{"speaker":"Arjun Paliwal","startTime":337.21,"endTime":340.21,"body":"he kept bringing those stories,"},{"speaker":"Arjun Paliwal","startTime":340.21,"endTime":343.6,"body":"not in a way to make me feel bad"},{"speaker":"Arjun Paliwal","startTime":340.21,"endTime":343.6,"body":"for him. I'll go, Oh, Dad, I was"},{"speaker":"Arjun Paliwal","startTime":344.65,"endTime":347.89,"body":"supposed to go, Well, hey, you"},{"speaker":"Arjun Paliwal","startTime":344.65,"endTime":347.89,"body":"don't make that mistake. And"},{"speaker":"Arjun Paliwal","startTime":347.89,"endTime":351.76,"body":"that's been a big philosophy of"},{"speaker":"Arjun Paliwal","startTime":347.89,"endTime":351.76,"body":"mine. When I can, I will rather"},{"speaker":"Arjun Paliwal","startTime":351.76,"endTime":352.51,"body":"than when it's good."},{"speaker":"Victor Lagos","startTime":352.75,"endTime":355.0,"body":"Yeah, like that."},{"speaker":"Victor Lagos","startTime":352.75,"endTime":355.0,"body":"Okay, what did your parents come"},{"speaker":"Victor Lagos","startTime":355.0,"endTime":357.04,"body":"from originally? Indian by"},{"speaker":"Victor Lagos","startTime":355.0,"endTime":357.04,"body":"background,"},{"speaker":"Arjun Paliwal","startTime":357.58,"endTime":359.32,"body":"Born and brought"},{"speaker":"Arjun Paliwal","startTime":357.58,"endTime":359.32,"body":"up there. And then they moved"},{"speaker":"Arjun Paliwal","startTime":359.32,"endTime":362.35,"body":"over to New Zealand. So I was"},{"speaker":"Arjun Paliwal","startTime":359.32,"endTime":362.35,"body":"born in New Zealand, through"},{"speaker":"Arjun Paliwal","startTime":362.35,"endTime":366.04,"body":"them moving over. And from"},{"speaker":"Arjun Paliwal","startTime":362.35,"endTime":366.04,"body":"there, I've been in Australia"},{"speaker":"Arjun Paliwal","startTime":366.04,"endTime":369.31,"body":"now, coming close to 12 years or"},{"speaker":"Arjun Paliwal","startTime":366.04,"endTime":369.31,"body":"13 years. Yeah, definitely have"},{"speaker":"Victor Lagos","startTime":369.31,"endTime":371.65,"body":"That strong New"},{"speaker":"Victor Lagos","startTime":369.31,"endTime":371.65,"body":"Zealand accent, I haven't asked"},{"speaker":"Victor Lagos","startTime":371.65,"endTime":372.7,"body":"you to say the word six."},{"speaker":"Arjun Paliwal","startTime":373.81,"endTime":376.96,"body":"Look, I think why"},{"speaker":"Arjun Paliwal","startTime":373.81,"endTime":376.96,"body":"doesn't come up as heavy. And"},{"speaker":"Arjun Paliwal","startTime":376.99,"endTime":380.86,"body":"probably my my space of things"},{"speaker":"Arjun Paliwal","startTime":376.99,"endTime":380.86,"body":"is, I had a bit of a confused"},{"speaker":"Arjun Paliwal","startTime":380.89,"endTime":384.28,"body":"childhood in terms of accents"},{"speaker":"Arjun Paliwal","startTime":380.89,"endTime":384.28,"body":"around the house. So I had my"},{"speaker":"Arjun Paliwal","startTime":384.28,"endTime":387.67,"body":"dad who was obviously, Indian"},{"speaker":"Arjun Paliwal","startTime":384.28,"endTime":387.67,"body":"was the first language but then"},{"speaker":"Arjun Paliwal","startTime":387.85,"endTime":390.88,"body":"he's a very, he's very much a"},{"speaker":"Arjun Paliwal","startTime":387.85,"endTime":390.88,"body":"chameleon, he'll go in and fit"},{"speaker":"Arjun Paliwal","startTime":390.88,"endTime":393.91,"body":"in where he needs to fit in. So"},{"speaker":"Arjun Paliwal","startTime":390.88,"endTime":393.91,"body":"trying to hear him say the bro"},{"speaker":"Arjun Paliwal","startTime":393.91,"endTime":397.24,"body":"the mates and all that sort of"},{"speaker":"Arjun Paliwal","startTime":393.91,"endTime":397.24,"body":"stuff was one confusing factor."},{"speaker":"Arjun Paliwal","startTime":397.87,"endTime":401.23,"body":"My mum was, you know, pretty"},{"speaker":"Arjun Paliwal","startTime":397.87,"endTime":401.23,"body":"well spoken and didn't have too"},{"speaker":"Arjun Paliwal","startTime":401.23,"endTime":406.75,"body":"heavy of an Indian accent. But"},{"speaker":"Arjun Paliwal","startTime":401.23,"endTime":406.75,"body":"then my older brother he studied"},{"speaker":"Arjun Paliwal","startTime":406.75,"endTime":409.99,"body":"in I think it was either a"},{"speaker":"Arjun Paliwal","startTime":406.75,"endTime":409.99,"body":"British or American School in in"},{"speaker":"Arjun Paliwal","startTime":409.99,"endTime":413.32,"body":"India. And then he moved over"},{"speaker":"Arjun Paliwal","startTime":409.99,"endTime":413.32,"body":"when I think he was maybe nine"},{"speaker":"Arjun Paliwal","startTime":413.32,"endTime":416.05,"body":"or 10. So as a result, he had a"},{"speaker":"Arjun Paliwal","startTime":413.32,"endTime":416.05,"body":"kind of different way of"},{"speaker":"Arjun Paliwal","startTime":416.05,"endTime":419.86,"body":"speaking. Then I had my Kiwi"},{"speaker":"Arjun Paliwal","startTime":416.05,"endTime":419.86,"body":"friends, then I had my younger"},{"speaker":"Arjun Paliwal","startTime":419.86,"endTime":422.35,"body":"brother who was a little bit"},{"speaker":"Arjun Paliwal","startTime":419.86,"endTime":422.35,"body":"different. So just instead of"},{"speaker":"Arjun Paliwal","startTime":422.35,"endTime":425.8,"body":"confusion, I just had the most,"},{"speaker":"Arjun Paliwal","startTime":422.35,"endTime":425.8,"body":"I wouldn't call it normal, but"},{"speaker":"Arjun Paliwal","startTime":425.8,"endTime":428.98,"body":"the most centered English"},{"speaker":"Arjun Paliwal","startTime":425.8,"endTime":428.98,"body":"amongst your five accents. Yeah,"},{"speaker":"Arjun Paliwal","startTime":429.01,"endTime":430.69,"body":"versus having different accents."},{"speaker":"Victor Lagos","startTime":430.72,"endTime":433.18,"body":"Yeah, it sounds"},{"speaker":"Victor Lagos","startTime":430.72,"endTime":433.18,"body":"like you've got a pretty neutral"},{"speaker":"Victor Lagos","startTime":433.18,"endTime":435.4,"body":"accent. So a little bit of South"},{"speaker":"Victor Lagos","startTime":433.18,"endTime":435.4,"body":"African in there, too."},{"speaker":"Arjun Paliwal","startTime":435.49,"endTime":437.74,"body":"I can get that a"},{"speaker":"Arjun Paliwal","startTime":435.49,"endTime":437.74,"body":"lot. I get that a lot. I get"},{"speaker":"Arjun Paliwal","startTime":437.74,"endTime":440.59,"body":"that probably once every maybe"},{"speaker":"Arjun Paliwal","startTime":437.74,"endTime":440.59,"body":"three to six months. I hear"},{"speaker":"Arjun Paliwal","startTime":440.59,"endTime":444.52,"body":"someone in Africa. No, dude, but"},{"speaker":"Arjun Paliwal","startTime":440.59,"endTime":444.52,"body":"I'd love to go there."},{"speaker":"Victor Lagos","startTime":446.05,"endTime":448.87,"body":"Yeah, it's also"},{"speaker":"Victor Lagos","startTime":446.05,"endTime":448.87,"body":"similar because my mom in terms"},{"speaker":"Victor Lagos","startTime":448.87,"endTime":452.17,"body":"of the accents at home, because"},{"speaker":"Victor Lagos","startTime":448.87,"endTime":452.17,"body":"my mom's Filipino. So Filipinos"},{"speaker":"Victor Lagos","startTime":452.17,"endTime":455.32,"body":"are so strong American accent."},{"speaker":"Victor Lagos","startTime":452.17,"endTime":455.32,"body":"Yeah. And then my dad, you know,"},{"speaker":"Victor Lagos","startTime":455.32,"endTime":458.89,"body":"being from South America, he"},{"speaker":"Victor Lagos","startTime":455.32,"endTime":458.89,"body":"still sounds like he just moved."},{"speaker":"Arjun Paliwal","startTime":460.78,"endTime":462.73,"body":"You know what,"},{"speaker":"Arjun Paliwal","startTime":460.78,"endTime":462.73,"body":"that's really cool about over"},{"speaker":"Arjun Paliwal","startTime":462.76,"endTime":465.64,"body":"the folks 3040 years later, who"},{"speaker":"Arjun Paliwal","startTime":462.76,"endTime":465.64,"body":"still sound like they moved"},{"speaker":"Arjun Paliwal","startTime":465.64,"endTime":469.66,"body":"here. It's epic. How they build"},{"speaker":"Arjun Paliwal","startTime":465.64,"endTime":469.66,"body":"up their life and integrate into"},{"speaker":"Arjun Paliwal","startTime":469.66,"endTime":472.36,"body":"society still get ahead. And"},{"speaker":"Arjun Paliwal","startTime":469.66,"endTime":472.36,"body":"you're like,"},{"speaker":"Victor Lagos","startTime":472.45,"endTime":475.06,"body":"How did you do"},{"speaker":"Victor Lagos","startTime":472.45,"endTime":475.06,"body":"that? I can't figure it out."},{"speaker":"Arjun Paliwal","startTime":475.99,"endTime":479.2,"body":"Good on them."},{"speaker":"Arjun Paliwal","startTime":475.99,"endTime":479.2,"body":"Hats off. Yeah. Cool. Look,"},{"speaker":"Victor Lagos","startTime":479.23,"endTime":481.03,"body":"The other question"},{"speaker":"Victor Lagos","startTime":479.23,"endTime":481.03,"body":"because of the relevance of the"},{"speaker":"Victor Lagos","startTime":481.03,"endTime":484.27,"body":"podcast, being debt to financial"},{"speaker":"Victor Lagos","startTime":481.03,"endTime":484.27,"body":"freedom, I wanted to ask you,"},{"speaker":"Victor Lagos","startTime":484.75,"endTime":486.22,"body":"what does financial freedom mean"},{"speaker":"Victor Lagos","startTime":484.75,"endTime":486.22,"body":"to you?"},{"speaker":"Arjun Paliwal","startTime":487.66,"endTime":490.93,"body":"Again, another"},{"speaker":"Arjun Paliwal","startTime":487.66,"endTime":490.93,"body":"one that I think changes as the"},{"speaker":"Arjun Paliwal","startTime":490.93,"endTime":495.43,"body":"thought or mood or memories come"},{"speaker":"Arjun Paliwal","startTime":490.93,"endTime":495.43,"body":"to mind. But, you know, I think"},{"speaker":"Arjun Paliwal","startTime":495.73,"endTime":501.07,"body":"financial freedom to me has just"},{"speaker":"Arjun Paliwal","startTime":495.73,"endTime":501.07,"body":"been as simple as an ability to"},{"speaker":"Arjun Paliwal","startTime":501.07,"endTime":504.85,"body":"make moves when you want to make"},{"speaker":"Arjun Paliwal","startTime":501.07,"endTime":504.85,"body":"moves. And people I think often"},{"speaker":"Arjun Paliwal","startTime":504.88,"endTime":510.04,"body":"put it too much with a sense of"},{"speaker":"Arjun Paliwal","startTime":504.88,"endTime":510.04,"body":"like, I need to stop doing"},{"speaker":"Arjun Paliwal","startTime":510.04,"endTime":515.44,"body":"something, I need to be able to"},{"speaker":"Arjun Paliwal","startTime":510.04,"endTime":515.44,"body":"have time back. Most people who"},{"speaker":"Arjun Paliwal","startTime":515.47,"endTime":518.29,"body":"get to financial freedom using"},{"speaker":"Arjun Paliwal","startTime":515.47,"endTime":518.29,"body":"investing or business or"},{"speaker":"Arjun Paliwal","startTime":518.29,"endTime":523.15,"body":"whatever it may be, had to have"},{"speaker":"Arjun Paliwal","startTime":518.29,"endTime":523.15,"body":"gotten there with a sense of"},{"speaker":"Arjun Paliwal","startTime":523.24,"endTime":529.39,"body":"work ethic, and or patience and"},{"speaker":"Arjun Paliwal","startTime":523.24,"endTime":529.39,"body":"or resilience that allows them"},{"speaker":"Arjun Paliwal","startTime":529.39,"endTime":533.5,"body":"to be so pushed, that they"},{"speaker":"Arjun Paliwal","startTime":529.39,"endTime":533.5,"body":"probably can never switch off."},{"speaker":"Arjun Paliwal","startTime":533.56,"endTime":536.89,"body":"That's my gut feel for most that"},{"speaker":"Arjun Paliwal","startTime":533.56,"endTime":536.89,"body":"I know have met and myself. And"},{"speaker":"Arjun Paliwal","startTime":536.89,"endTime":539.32,"body":"so I've never kind of looked, I"},{"speaker":"Arjun Paliwal","startTime":536.89,"endTime":539.32,"body":"mean, maybe I did in the past,"},{"speaker":"Arjun Paliwal","startTime":539.32,"endTime":542.53,"body":"but not now as financial freedom"},{"speaker":"Arjun Paliwal","startTime":539.32,"endTime":542.53,"body":"as the switch off or, you know,"},{"speaker":"Arjun Paliwal","startTime":542.53,"endTime":545.41,"body":"take my time back and grab a"},{"speaker":"Arjun Paliwal","startTime":542.53,"endTime":545.41,"body":"coconut and chill out someone if"},{"speaker":"Arjun Paliwal","startTime":545.41,"endTime":549.01,"body":"that's you go for it. But I'd"},{"speaker":"Arjun Paliwal","startTime":545.41,"endTime":549.01,"body":"rather look at it from a"},{"speaker":"Arjun Paliwal","startTime":549.01,"endTime":552.01,"body":"perspective of just call it as"},{"speaker":"Arjun Paliwal","startTime":549.01,"endTime":552.01,"body":"simple as making moves when you"},{"speaker":"Arjun Paliwal","startTime":552.01,"endTime":553.78,"body":"want to make moves. And by"},{"speaker":"Arjun Paliwal","startTime":552.01,"endTime":553.78,"body":"moves, it could be an"},{"speaker":"Arjun Paliwal","startTime":553.78,"endTime":557.11,"body":"investment. Could be helping a"},{"speaker":"Arjun Paliwal","startTime":553.78,"endTime":557.11,"body":"friend out could be traveling"},{"speaker":"Arjun Paliwal","startTime":557.11,"endTime":560.83,"body":"could be whatever, but I say"},{"speaker":"Arjun Paliwal","startTime":557.11,"endTime":560.83,"body":"moves more in the sense of a"},{"speaker":"Arjun Paliwal","startTime":560.83,"endTime":564.19,"body":"very hard and fast decision. Not"},{"speaker":"Arjun Paliwal","startTime":560.83,"endTime":564.19,"body":"so much a I want time back to"},{"speaker":"Arjun Paliwal","startTime":564.19,"endTime":564.52,"body":"chill."},{"speaker":"Victor Lagos","startTime":564.55,"endTime":568.72,"body":"Yeah, it's just"},{"speaker":"Victor Lagos","startTime":564.55,"endTime":568.72,"body":"giving them options that if they"},{"speaker":"Victor Lagos","startTime":568.72,"endTime":571.21,"body":"want to do something they can"},{"speaker":"Victor Lagos","startTime":568.72,"endTime":571.21,"body":"they don't have that restriction"},{"speaker":"Victor Lagos","startTime":571.21,"endTime":575.17,"body":"to say, one day when I have the"},{"speaker":"Victor Lagos","startTime":571.21,"endTime":575.17,"body":"money. Yeah, yeah, exactly. When"},{"speaker":"Victor Lagos","startTime":575.17,"endTime":578.56,"body":"I have the time. Exactly. I can."},{"speaker":"Victor Lagos","startTime":575.17,"endTime":578.56,"body":"Yeah, because it's true. You"},{"speaker":"Victor Lagos","startTime":578.56,"endTime":581.08,"body":"never really switch off. I mean,"},{"speaker":"Victor Lagos","startTime":578.56,"endTime":581.08,"body":"you can but that's when you"},{"speaker":"Victor Lagos","startTime":581.08,"endTime":584.17,"body":"start deteriorating. Right. So"},{"speaker":"Victor Lagos","startTime":581.08,"endTime":584.17,"body":"that idea of retirement when"},{"speaker":"Victor Lagos","startTime":584.17,"endTime":584.95,"body":"union sick Well,"},{"speaker":"Arjun Paliwal","startTime":585.46,"endTime":587.68,"body":"It's a good"},{"speaker":"Arjun Paliwal","startTime":585.46,"endTime":587.68,"body":"story, man. You made me think of"},{"speaker":"Arjun Paliwal","startTime":587.98,"endTime":591.19,"body":"a story actually. A gentleman I"},{"speaker":"Arjun Paliwal","startTime":587.98,"endTime":591.19,"body":"met in the bank. That was"},{"speaker":"Arjun Paliwal","startTime":591.19,"endTime":595.27,"body":"previous career of mine, and I"},{"speaker":"Arjun Paliwal","startTime":591.19,"endTime":595.27,"body":"was at Surry Hills Commonwealth"},{"speaker":"Arjun Paliwal","startTime":595.27,"endTime":599.44,"body":"Bank. There was a branch that I"},{"speaker":"Arjun Paliwal","startTime":595.27,"endTime":599.44,"body":"was managing. And a dude comes"},{"speaker":"Arjun Paliwal","startTime":599.44,"endTime":604.24,"body":"in. He's like Maybe it's 60s and"},{"speaker":"Arjun Paliwal","startTime":599.44,"endTime":604.24,"body":"still very young fit comes up to"},{"speaker":"Arjun Paliwal","startTime":604.24,"endTime":606.49,"body":"me and says, what we're going"},{"speaker":"Arjun Paliwal","startTime":604.24,"endTime":606.49,"body":"through his accounts, he's like,"},{"speaker":"Arjun Paliwal","startTime":606.49,"endTime":609.85,"body":"Hey, I do this. I think he's in"},{"speaker":"Arjun Paliwal","startTime":606.49,"endTime":609.85,"body":"the share trading space and"},{"speaker":"Arjun Paliwal","startTime":609.85,"endTime":612.91,"body":"actually just just trading. And"},{"speaker":"Arjun Paliwal","startTime":609.85,"endTime":612.91,"body":"when I spoke to him about what"},{"speaker":"Arjun Paliwal","startTime":612.91,"endTime":616.36,"body":"he was getting up to, he said, I"},{"speaker":"Arjun Paliwal","startTime":612.91,"endTime":616.36,"body":"look golf and a lot of it. And"},{"speaker":"Arjun Paliwal","startTime":616.36,"endTime":619.3,"body":"he emphasized a lot of and I was"},{"speaker":"Arjun Paliwal","startTime":616.36,"endTime":619.3,"body":"like, Why do you say it that"},{"speaker":"Arjun Paliwal","startTime":619.3,"endTime":622.03,"body":"way? This is like, Oh, well,"},{"speaker":"Arjun Paliwal","startTime":619.3,"endTime":622.03,"body":"I've got an interesting story to"},{"speaker":"Arjun Paliwal","startTime":622.03,"endTime":623.77,"body":"share with you had four or five"},{"speaker":"Arjun Paliwal","startTime":622.03,"endTime":623.77,"body":"mates of mine that would"},{"speaker":"Arjun Paliwal","startTime":623.77,"endTime":627.85,"body":"regularly come golf, all in our"},{"speaker":"Arjun Paliwal","startTime":623.77,"endTime":627.85,"body":"60s and 70s. And as time went"},{"speaker":"Arjun Paliwal","startTime":627.85,"endTime":631.57,"body":"on, few guys stopped playing."},{"speaker":"Arjun Paliwal","startTime":627.85,"endTime":631.57,"body":"And then as the months of them"},{"speaker":"Arjun Paliwal","startTime":631.57,"endTime":634.72,"body":"stopped playing, body"},{"speaker":"Arjun Paliwal","startTime":631.57,"endTime":634.72,"body":"deteriorated, one mate passed"},{"speaker":"Arjun Paliwal","startTime":634.72,"endTime":637.93,"body":"away, and then another mate"},{"speaker":"Arjun Paliwal","startTime":634.72,"endTime":637.93,"body":"passed away. And then I was"},{"speaker":"Arjun Paliwal","startTime":637.93,"endTime":640.45,"body":"trying to think of, you know,"},{"speaker":"Arjun Paliwal","startTime":637.93,"endTime":640.45,"body":"the small thinking of my mind"},{"speaker":"Arjun Paliwal","startTime":640.45,"endTime":643.9,"body":"was a certain disease or"},{"speaker":"Arjun Paliwal","startTime":640.45,"endTime":643.9,"body":"something came up. But then the"},{"speaker":"Arjun Paliwal","startTime":643.9,"endTime":647.59,"body":"most common thing, then all the"},{"speaker":"Arjun Paliwal","startTime":643.9,"endTime":647.59,"body":"themes was just not stop playing"},{"speaker":"Arjun Paliwal","startTime":647.59,"endTime":651.37,"body":"golf. Right. So the activity,"},{"speaker":"Arjun Paliwal","startTime":647.59,"endTime":651.37,"body":"there was a big part of it. So"},{"speaker":"Arjun Paliwal","startTime":651.37,"endTime":653.95,"body":"whether that's physical mental,"},{"speaker":"Arjun Paliwal","startTime":651.37,"endTime":653.95,"body":"yeah, totally just the shutting"},{"speaker":"Arjun Paliwal","startTime":653.95,"endTime":656.89,"body":"off later parts of life. Yeah,"},{"speaker":"Arjun Paliwal","startTime":653.95,"endTime":656.89,"body":"have the best idea?"},{"speaker":"Victor Lagos","startTime":657.86,"endTime":661.4,"body":"Yeah, well, look,"},{"speaker":"Victor Lagos","startTime":657.86,"endTime":661.4,"body":"I think many people can, you"},{"speaker":"Victor Lagos","startTime":661.4,"endTime":665.48,"body":"know, wouldn't probably know"},{"speaker":"Victor Lagos","startTime":661.4,"endTime":665.48,"body":"someone that's been in a similar"},{"speaker":"Victor Lagos","startTime":665.48,"endTime":668.75,"body":"situation, they watch their"},{"speaker":"Victor Lagos","startTime":665.48,"endTime":668.75,"body":"parents deteriorate old age, and"},{"speaker":"Victor Lagos","startTime":668.99,"endTime":671.63,"body":"whether they have financial"},{"speaker":"Victor Lagos","startTime":668.99,"endTime":671.63,"body":"freedom or not. So I think it's"},{"speaker":"Victor Lagos","startTime":671.63,"endTime":674.39,"body":"always good to have something"},{"speaker":"Victor Lagos","startTime":671.63,"endTime":674.39,"body":"that you're working on working"},{"speaker":"Victor Lagos","startTime":674.39,"endTime":677.69,"body":"towards being involved in and"},{"speaker":"Victor Lagos","startTime":674.39,"endTime":677.69,"body":"keeping that mind going, keeping"},{"speaker":"Victor Lagos","startTime":677.69,"endTime":681.2,"body":"the body moving. So for me, when"},{"speaker":"Victor Lagos","startTime":677.69,"endTime":681.2,"body":"I look at financial freedom,"},{"speaker":"Victor Lagos","startTime":681.56,"endTime":685.46,"body":"it's it is definitely about, you"},{"speaker":"Victor Lagos","startTime":681.56,"endTime":685.46,"body":"know, having those options to"},{"speaker":"Victor Lagos","startTime":685.46,"endTime":689.75,"body":"choose, make moves when you want"},{"speaker":"Victor Lagos","startTime":685.46,"endTime":689.75,"body":"to move. But I have a theory"},{"speaker":"Victor Lagos","startTime":689.75,"endTime":695.36,"body":"that if you can sort your"},{"speaker":"Victor Lagos","startTime":689.75,"endTime":695.36,"body":"finances out where your income"},{"speaker":"Victor Lagos","startTime":695.66,"endTime":699.11,"body":"that you're generating from, you"},{"speaker":"Victor Lagos","startTime":695.66,"endTime":699.11,"body":"know, recurring income, not from"},{"speaker":"Victor Lagos","startTime":699.11,"endTime":701.99,"body":"you having to work, and that's"},{"speaker":"Victor Lagos","startTime":699.11,"endTime":701.99,"body":"enough to cover your expenses,"},{"speaker":"Victor Lagos","startTime":702.41,"endTime":705.71,"body":"that you can then free yourself"},{"speaker":"Victor Lagos","startTime":702.41,"endTime":705.71,"body":"from that burden of survival,"},{"speaker":"Victor Lagos","startTime":706.01,"endTime":709.73,"body":"right, where I need to pay to"},{"speaker":"Victor Lagos","startTime":706.01,"endTime":709.73,"body":"provide for my kids and whatnot."},{"speaker":"Victor Lagos","startTime":710.39,"endTime":713.75,"body":"And once you're there, or even"},{"speaker":"Victor Lagos","startTime":710.39,"endTime":713.75,"body":"on the on the way there, because"},{"speaker":"Victor Lagos","startTime":713.75,"endTime":715.97,"body":"if you know you're on a pathway"},{"speaker":"Victor Lagos","startTime":713.75,"endTime":715.97,"body":"that you're already sort of in"},{"speaker":"Victor Lagos","startTime":715.97,"endTime":719.69,"body":"that financial freedom mindset,"},{"speaker":"Victor Lagos","startTime":715.97,"endTime":719.69,"body":"right? Let's say you do get that"},{"speaker":"Victor Lagos","startTime":719.69,"endTime":722.48,"body":"to that point, you get to do"},{"speaker":"Victor Lagos","startTime":719.69,"endTime":722.48,"body":"what you want to do without"},{"speaker":"Victor Lagos","startTime":722.48,"endTime":725.21,"body":"having to work. But it doesn't"},{"speaker":"Victor Lagos","startTime":722.48,"endTime":725.21,"body":"mean you won't work, it just"},{"speaker":"Victor Lagos","startTime":725.21,"endTime":728.57,"body":"means you don't have to. So then"},{"speaker":"Victor Lagos","startTime":725.21,"endTime":728.57,"body":"all of a sudden, you can work on"},{"speaker":"Victor Lagos","startTime":728.57,"endTime":731.27,"body":"things that you you're"},{"speaker":"Victor Lagos","startTime":728.57,"endTime":731.27,"body":"passionate about. Because people"},{"speaker":"Victor Lagos","startTime":731.96,"endTime":734.99,"body":"really enjoy certain things. You"},{"speaker":"Victor Lagos","startTime":731.96,"endTime":734.99,"body":"can ask anyone, whether it is"},{"speaker":"Victor Lagos","startTime":734.99,"endTime":738.5,"body":"sport, like play cup, or whether"},{"speaker":"Victor Lagos","startTime":734.99,"endTime":738.5,"body":"it's, you know, spending quality"},{"speaker":"Victor Lagos","startTime":738.5,"endTime":742.04,"body":"time with their family, or"},{"speaker":"Victor Lagos","startTime":738.5,"endTime":742.04,"body":"whether it's traveling, or more"},{"speaker":"Victor Lagos","startTime":742.04,"endTime":745.76,"body":"importantly, like what's the"},{"speaker":"Victor Lagos","startTime":742.04,"endTime":745.76,"body":"project, or passion that they"},{"speaker":"Victor Lagos","startTime":745.76,"endTime":749.27,"body":"have to make the world better"},{"speaker":"Victor Lagos","startTime":745.76,"endTime":749.27,"body":"than how they found it? You"},{"speaker":"Victor Lagos","startTime":749.27,"endTime":753.32,"body":"know, because it's not like the"},{"speaker":"Victor Lagos","startTime":749.27,"endTime":753.32,"body":"world is good. Like, don't get"},{"speaker":"Victor Lagos","startTime":753.32,"endTime":755.48,"body":"me wrong, I believe that there's"},{"speaker":"Victor Lagos","startTime":753.32,"endTime":755.48,"body":"a lot of positivity in this"},{"speaker":"Victor Lagos","startTime":755.48,"endTime":758.39,"body":"world. But there are certain"},{"speaker":"Victor Lagos","startTime":755.48,"endTime":758.39,"body":"things that need improvement, a"},{"speaker":"Victor Lagos","startTime":758.39,"endTime":761.33,"body":"lot of things, right. But it's"},{"speaker":"Victor Lagos","startTime":758.39,"endTime":761.33,"body":"going to come from the people,"},{"speaker":"Victor Lagos","startTime":761.39,"endTime":763.31,"body":"it's not going to come from the"},{"speaker":"Victor Lagos","startTime":761.39,"endTime":763.31,"body":"government, government will"},{"speaker":"Victor Lagos","startTime":763.31,"endTime":765.71,"body":"always do their piece. But"},{"speaker":"Victor Lagos","startTime":763.31,"endTime":765.71,"body":"people are going to come"},{"speaker":"Victor Lagos","startTime":765.71,"endTime":769.31,"body":"together, collaborate and work"},{"speaker":"Victor Lagos","startTime":765.71,"endTime":769.31,"body":"on, on on things together that"},{"speaker":"Victor Lagos","startTime":769.34,"endTime":772.46,"body":"then make the world better. But"},{"speaker":"Victor Lagos","startTime":769.34,"endTime":772.46,"body":"when you're in survival, you"},{"speaker":"Victor Lagos","startTime":772.46,"endTime":775.88,"body":"lose that creativity, and that"},{"speaker":"Victor Lagos","startTime":772.46,"endTime":775.88,"body":"focus to get things done,"},{"speaker":"Victor Lagos","startTime":775.88,"endTime":779.27,"body":"because you're you're worried"},{"speaker":"Victor Lagos","startTime":775.88,"endTime":779.27,"body":"about, you know, so that's,"},{"speaker":"Victor Lagos","startTime":779.27,"endTime":781.82,"body":"that's where I think financial"},{"speaker":"Victor Lagos","startTime":779.27,"endTime":781.82,"body":"freedom is so important, and why"},{"speaker":"Victor Lagos","startTime":781.82,"endTime":783.2,"body":"I want to help more people get"},{"speaker":"Victor Lagos","startTime":781.82,"endTime":783.2,"body":"to that."},{"speaker":"Arjun Paliwal","startTime":783.32,"endTime":785.69,"body":"Yeah, it's a good"},{"speaker":"Arjun Paliwal","startTime":783.32,"endTime":785.69,"body":"point, I almost think of the"},{"speaker":"Arjun Paliwal","startTime":785.69,"endTime":789.11,"body":"word that keeps coming up to"},{"speaker":"Arjun Paliwal","startTime":785.69,"endTime":789.11,"body":"mind is outsource. So once you"},{"speaker":"Arjun Paliwal","startTime":789.11,"endTime":791.27,"body":"get to a certain point, you're"},{"speaker":"Arjun Paliwal","startTime":789.11,"endTime":791.27,"body":"outsourcing your survival to not"},{"speaker":"Arjun Paliwal","startTime":791.27,"endTime":794.45,"body":"have to, you know, have that as"},{"speaker":"Arjun Paliwal","startTime":791.27,"endTime":794.45,"body":"your main to do or your main"},{"speaker":"Arjun Paliwal","startTime":794.45,"endTime":798.11,"body":"focus. And because that's just"},{"speaker":"Arjun Paliwal","startTime":794.45,"endTime":798.11,"body":"taken care of. And then as you"},{"speaker":"Arjun Paliwal","startTime":798.11,"endTime":801.59,"body":"start to climb up, you know, the"},{"speaker":"Arjun Paliwal","startTime":798.11,"endTime":801.59,"body":"chain of successful ladder of"},{"speaker":"Arjun Paliwal","startTime":801.59,"endTime":804.35,"body":"success, then you start ending"},{"speaker":"Arjun Paliwal","startTime":801.59,"endTime":804.35,"body":"up outsourcing more parts of"},{"speaker":"Arjun Paliwal","startTime":804.35,"endTime":806.66,"body":"your life, and you get that"},{"speaker":"Arjun Paliwal","startTime":804.35,"endTime":806.66,"body":"focus and clarity of where you"},{"speaker":"Arjun Paliwal","startTime":806.66,"endTime":808.64,"body":"want to put it, whether it be"},{"speaker":"Arjun Paliwal","startTime":806.66,"endTime":808.64,"body":"for projects or whether it be"},{"speaker":"Arjun Paliwal","startTime":808.64,"endTime":809.3,"body":"for other things."},{"speaker":"Victor Lagos","startTime":810.77,"endTime":814.85,"body":"Outsource Yeah."},{"speaker":"Victor Lagos","startTime":810.77,"endTime":814.85,"body":"Okay, so before I ask you more"},{"speaker":"Victor Lagos","startTime":814.85,"endTime":819.53,"body":"about investigate, I wanted to"},{"speaker":"Victor Lagos","startTime":814.85,"endTime":819.53,"body":"ask about property notes. So you"},{"speaker":"Victor Lagos","startTime":819.53,"endTime":822.56,"body":"run this podcast with with your"},{"speaker":"Victor Lagos","startTime":819.53,"endTime":822.56,"body":"wife, and she's the mortgage"},{"speaker":"Victor Lagos","startTime":822.56,"endTime":822.89,"body":"broker,"},{"speaker":"Arjun Paliwal","startTime":822.98,"endTime":825.11,"body":"right? Yeah. So"},{"speaker":"Arjun Paliwal","startTime":822.98,"endTime":825.11,"body":"we run the property notes,"},{"speaker":"Arjun Paliwal","startTime":825.11,"endTime":830.18,"body":"podcast, and where that I guess"},{"speaker":"Arjun Paliwal","startTime":825.11,"endTime":830.18,"body":"journey started from or all came"},{"speaker":"Arjun Paliwal","startTime":830.18,"endTime":834.71,"body":"to light was around us missing"},{"speaker":"Arjun Paliwal","startTime":830.18,"endTime":834.71,"body":"part of property data and the"},{"speaker":"Arjun Paliwal","startTime":834.71,"endTime":837.77,"body":"nerdiness of data for all the"},{"speaker":"Arjun Paliwal","startTime":834.71,"endTime":837.77,"body":"people that love all the"},{"speaker":"Arjun Paliwal","startTime":837.77,"endTime":841.46,"body":"numbers. And I feel like there"},{"speaker":"Arjun Paliwal","startTime":837.77,"endTime":841.46,"body":"was this missing part where all"},{"speaker":"Arjun Paliwal","startTime":841.46,"endTime":847.16,"body":"the podcasts were around a"},{"speaker":"Arjun Paliwal","startTime":841.46,"endTime":847.16,"body":"concept, a tip, another person's"},{"speaker":"Arjun Paliwal","startTime":847.16,"endTime":852.62,"body":"success, a strategy. And you"},{"speaker":"Arjun Paliwal","startTime":847.16,"endTime":852.62,"body":"could have different podcasts"},{"speaker":"Arjun Paliwal","startTime":852.62,"endTime":855.53,"body":"are different things, what you"},{"speaker":"Arjun Paliwal","startTime":852.62,"endTime":855.53,"body":"Bible believing, but there"},{"speaker":"Arjun Paliwal","startTime":855.53,"endTime":859.55,"body":"wasn't really a podcast out"},{"speaker":"Arjun Paliwal","startTime":855.53,"endTime":859.55,"body":"there for the property numbers,"},{"speaker":"Arjun Paliwal","startTime":859.58,"endTime":864.32,"body":"the Property Data Facts, what's"},{"speaker":"Arjun Paliwal","startTime":859.58,"endTime":864.32,"body":"actually happening. You know,"},{"speaker":"Arjun Paliwal","startTime":864.35,"endTime":867.38,"body":"that's where I felt, hey,"},{"speaker":"Arjun Paliwal","startTime":864.35,"endTime":867.38,"body":"there's an opportunity here to"},{"speaker":"Arjun Paliwal","startTime":867.38,"endTime":870.38,"body":"give people what they want on"},{"speaker":"Arjun Paliwal","startTime":867.38,"endTime":870.38,"body":"what they might be missing. But"},{"speaker":"Arjun Paliwal","startTime":870.38,"endTime":872.42,"body":"at the same time, it's what"},{"speaker":"Arjun Paliwal","startTime":870.38,"endTime":872.42,"body":"we're very passionate about, and"},{"speaker":"Arjun Paliwal","startTime":872.42,"endTime":875.72,"body":"where we know we can make a very"},{"speaker":"Arjun Paliwal","startTime":872.42,"endTime":875.72,"body":"big difference. So that's been"},{"speaker":"Arjun Paliwal","startTime":875.72,"endTime":878.48,"body":"great. I've been able to involve"},{"speaker":"Arjun Paliwal","startTime":875.72,"endTime":878.48,"body":"a lot of my team in terms of"},{"speaker":"Arjun Paliwal","startTime":878.51,"endTime":880.76,"body":"data scientists, research"},{"speaker":"Arjun Paliwal","startTime":878.51,"endTime":880.76,"body":"analysts, Junior research"},{"speaker":"Arjun Paliwal","startTime":880.76,"endTime":883.67,"body":"analysts, and myself as head of"},{"speaker":"Arjun Paliwal","startTime":880.76,"endTime":883.67,"body":"research, producing a lot of"},{"speaker":"Arjun Paliwal","startTime":883.67,"endTime":886.76,"body":"insights to be able to share"},{"speaker":"Arjun Paliwal","startTime":883.67,"endTime":886.76,"body":"with people the truth and the"},{"speaker":"Arjun Paliwal","startTime":886.76,"endTime":889.07,"body":"facts about the market. And the"},{"speaker":"Arjun Paliwal","startTime":886.76,"endTime":889.07,"body":"end of the day. If you can"},{"speaker":"Arjun Paliwal","startTime":889.07,"endTime":892.19,"body":"empower people to make better"},{"speaker":"Arjun Paliwal","startTime":889.07,"endTime":892.19,"body":"decisions driven by data, then I"},{"speaker":"Arjun Paliwal","startTime":892.19,"endTime":895.22,"body":"just feel that there'll be in a"},{"speaker":"Arjun Paliwal","startTime":892.19,"endTime":895.22,"body":"position where they can reduce"},{"speaker":"Arjun Paliwal","startTime":895.22,"endTime":896.12,"body":"risk to some extent."},{"speaker":"Victor Lagos","startTime":896.15,"endTime":897.89,"body":"Yeah, yeah, that"},{"speaker":"Victor Lagos","startTime":896.15,"endTime":897.89,"body":"makes sense. Well, actually,"},{"speaker":"Victor Lagos","startTime":897.89,"endTime":900.83,"body":"that leads me to my next"},{"speaker":"Victor Lagos","startTime":897.89,"endTime":900.83,"body":"question, which was Um, I heard"},{"speaker":"Victor Lagos","startTime":900.83,"endTime":904.7,"body":"that you have a monthly white"},{"speaker":"Victor Lagos","startTime":900.83,"endTime":904.7,"body":"paper. So what is this white"},{"speaker":"Victor Lagos","startTime":904.7,"endTime":906.98,"body":"paper? And how can the audience"},{"speaker":"Victor Lagos","startTime":904.7,"endTime":906.98,"body":"access it?"},{"speaker":"Arjun Paliwal","startTime":907.44,"endTime":909.48,"body":"Yeah, so research"},{"speaker":"Arjun Paliwal","startTime":907.44,"endTime":909.48,"body":"papers, white papers, they've"},{"speaker":"Arjun Paliwal","startTime":909.48,"endTime":912.84,"body":"been a big focus of us where you"},{"speaker":"Arjun Paliwal","startTime":909.48,"endTime":912.84,"body":"want to get it from"},{"speaker":"Arjun Paliwal","startTime":912.9,"endTime":916.2,"body":"InvestorKit.com. Today, you"},{"speaker":"Arjun Paliwal","startTime":912.9,"endTime":916.2,"body":"jumping on the white papers tab"},{"speaker":"Arjun Paliwal","startTime":916.2,"endTime":919.47,"body":"under our research section, I"},{"speaker":"Arjun Paliwal","startTime":916.2,"endTime":919.47,"body":"think we're up to 13. Now were"},{"speaker":"Arjun Paliwal","startTime":919.47,"endTime":923.04,"body":"released once a month, and to"},{"speaker":"Arjun Paliwal","startTime":919.47,"endTime":923.04,"body":"give insights on how detailed"},{"speaker":"Arjun Paliwal","startTime":923.04,"endTime":928.71,"body":"they are, they range between 40"},{"speaker":"Arjun Paliwal","startTime":923.04,"endTime":928.71,"body":"to sometimes even 100 pages. And"},{"speaker":"Arjun Paliwal","startTime":928.89,"endTime":933.0,"body":"they focus in on a particular"},{"speaker":"Arjun Paliwal","startTime":928.89,"endTime":933.0,"body":"topic for that month, we try to"},{"speaker":"Arjun Paliwal","startTime":933.0,"endTime":935.88,"body":"make it as timely as possible."},{"speaker":"Arjun Paliwal","startTime":933.0,"endTime":935.88,"body":"So whether it be the rental"},{"speaker":"Arjun Paliwal","startTime":935.88,"endTime":938.64,"body":"crisis and putting that to light"},{"speaker":"Arjun Paliwal","startTime":935.88,"endTime":938.64,"body":"or whether it be Australia's"},{"speaker":"Arjun Paliwal","startTime":938.64,"endTime":941.85,"body":"housing fundamentals, whether it"},{"speaker":"Arjun Paliwal","startTime":938.64,"endTime":941.85,"body":"be a certain market or region"},{"speaker":"Arjun Paliwal","startTime":941.85,"endTime":945.63,"body":"review, or the most recent one"},{"speaker":"Arjun Paliwal","startTime":941.85,"endTime":945.63,"body":"that's coming out is Australia's"},{"speaker":"Arjun Paliwal","startTime":945.66,"endTime":948.03,"body":"infrastructure review, or the"},{"speaker":"Arjun Paliwal","startTime":945.66,"endTime":948.03,"body":"boom, it's happening in"},{"speaker":"Arjun Paliwal","startTime":948.03,"endTime":951.6,"body":"infrastructure. And the key here"},{"speaker":"Arjun Paliwal","startTime":948.03,"endTime":951.6,"body":"is to zone in on a specific area"},{"speaker":"Arjun Paliwal","startTime":951.6,"endTime":955.14,"body":"and or concept and really start"},{"speaker":"Arjun Paliwal","startTime":951.6,"endTime":955.14,"body":"to unpack it. But with great"},{"speaker":"Arjun Paliwal","startTime":955.14,"endTime":959.07,"body":"detail, actual data and"},{"speaker":"Arjun Paliwal","startTime":955.14,"endTime":959.07,"body":"fundamentals. And why that's"},{"speaker":"Arjun Paliwal","startTime":959.07,"endTime":961.74,"body":"become I guess, such a big"},{"speaker":"Arjun Paliwal","startTime":959.07,"endTime":961.74,"body":"popular thing for us has been"},{"speaker":"Arjun Paliwal","startTime":962.1,"endTime":965.07,"body":"that we want to put people in a"},{"speaker":"Arjun Paliwal","startTime":962.1,"endTime":965.07,"body":"position where they can make the"},{"speaker":"Arjun Paliwal","startTime":965.07,"endTime":968.43,"body":"best decisions, but also more"},{"speaker":"Arjun Paliwal","startTime":965.07,"endTime":968.43,"body":"informed decisions. I think far"},{"speaker":"Arjun Paliwal","startTime":968.43,"endTime":972.15,"body":"too often the decisions are"},{"speaker":"Arjun Paliwal","startTime":968.43,"endTime":972.15,"body":"about the micro trend, a daily"},{"speaker":"Arjun Paliwal","startTime":972.15,"endTime":975.54,"body":"index, or monthly trend and"},{"speaker":"Arjun Paliwal","startTime":972.15,"endTime":975.54,"body":"change in performance and price."},{"speaker":"Arjun Paliwal","startTime":975.87,"endTime":979.56,"body":"And people get focused on the"},{"speaker":"Arjun Paliwal","startTime":975.87,"endTime":979.56,"body":"outcome, or what the main core"},{"speaker":"Arjun Paliwal","startTime":979.56,"endTime":982.89,"body":"logical raa said about the"},{"speaker":"Arjun Paliwal","startTime":979.56,"endTime":982.89,"body":"outcome, without really"},{"speaker":"Arjun Paliwal","startTime":982.92,"endTime":986.19,"body":"realizing how it gets there."},{"speaker":"Arjun Paliwal","startTime":982.92,"endTime":986.19,"body":"What drives it, what's important"},{"speaker":"Arjun Paliwal","startTime":986.19,"endTime":989.16,"body":"to it, what are the different"},{"speaker":"Arjun Paliwal","startTime":986.19,"endTime":989.16,"body":"factors to focus on. So we we"},{"speaker":"Arjun Paliwal","startTime":989.16,"endTime":992.58,"body":"make a lot of free resources"},{"speaker":"Arjun Paliwal","startTime":989.16,"endTime":992.58,"body":"like that by opening that up."},{"speaker":"Arjun Paliwal","startTime":992.61,"endTime":997.02,"body":"Now, that is, if not one of the"},{"speaker":"Arjun Paliwal","startTime":992.61,"endTime":997.02,"body":"most passionate things we've"},{"speaker":"Arjun Paliwal","startTime":997.05,"endTime":1000.26,"body":"worked on. And I've personally"},{"speaker":"Arjun Paliwal","startTime":997.05,"endTime":1000.26,"body":"take immense pride in, because I"},{"speaker":"Arjun Paliwal","startTime":1000.26,"endTime":1002.69,"body":"know that it can make a huge"},{"speaker":"Arjun Paliwal","startTime":1000.26,"endTime":1002.69,"body":"difference. And it doesn't cost"},{"speaker":"Arjun Paliwal","startTime":1002.69,"endTime":1003.35,"body":"anyone anything."},{"speaker":"Victor Lagos","startTime":1003.67,"endTime":1006.07,"body":"So if someone read"},{"speaker":"Victor Lagos","startTime":1003.67,"endTime":1006.07,"body":"this white paper, and, you know,"},{"speaker":"Victor Lagos","startTime":1006.1,"endTime":1008.86,"body":"they went hypothetic, they went"},{"speaker":"Victor Lagos","startTime":1006.1,"endTime":1008.86,"body":"through 100 pages of that data."},{"speaker":"Victor Lagos","startTime":1009.58,"endTime":1013.27,"body":"Would that give them enough"},{"speaker":"Victor Lagos","startTime":1009.58,"endTime":1013.27,"body":"guidance and structure to"},{"speaker":"Victor Lagos","startTime":1013.27,"endTime":1017.68,"body":"decipher that data to make a"},{"speaker":"Victor Lagos","startTime":1013.27,"endTime":1017.68,"body":"decision on what to buy? Where"},{"speaker":"Victor Lagos","startTime":1017.68,"endTime":1021.19,"body":"to buy? What price to buy for"},{"speaker":"Victor Lagos","startTime":1017.68,"endTime":1021.19,"body":"based on their particular"},{"speaker":"Victor Lagos","startTime":1021.19,"endTime":1024.73,"body":"circumstances? Or is this where"},{"speaker":"Victor Lagos","startTime":1021.19,"endTime":1024.73,"body":"it gives them enough to sort of"},{"speaker":"Victor Lagos","startTime":1024.79,"endTime":1028.21,"body":"have an idea but they still need"},{"speaker":"Victor Lagos","startTime":1024.79,"endTime":1028.21,"body":"the services of the buyer's"},{"speaker":"Victor Lagos","startTime":1028.21,"endTime":1029.17,"body":"agency, for example?"},{"speaker":"Arjun Paliwal","startTime":1029.59,"endTime":1032.29,"body":"Yeah, look, I"},{"speaker":"Arjun Paliwal","startTime":1029.59,"endTime":1032.29,"body":"think the if I, if I magically"},{"speaker":"Arjun Paliwal","startTime":1032.29,"endTime":1035.5,"body":"get a cookbook tomorrow, read it"},{"speaker":"Arjun Paliwal","startTime":1032.29,"endTime":1035.5,"body":"and think I'm a world class"},{"speaker":"Arjun Paliwal","startTime":1035.5,"endTime":1039.79,"body":"chef. Probably not right. But in"},{"speaker":"Arjun Paliwal","startTime":1035.5,"endTime":1039.79,"body":"terms of, can I get a cookbook"},{"speaker":"Arjun Paliwal","startTime":1039.79,"endTime":1043.99,"body":"and execute a deal? Execute a"},{"speaker":"Arjun Paliwal","startTime":1039.79,"endTime":1043.99,"body":"meal and get better at it? Yeah,"},{"speaker":"Arjun Paliwal","startTime":1043.99,"endTime":1046.36,"body":"totally. So I think people want"},{"speaker":"Arjun Paliwal","startTime":1043.99,"endTime":1046.36,"body":"to be able to use that"},{"speaker":"Arjun Paliwal","startTime":1046.36,"endTime":1049.84,"body":"information to guide a well"},{"speaker":"Arjun Paliwal","startTime":1046.36,"endTime":1049.84,"body":"informed decision and then take"},{"speaker":"Arjun Paliwal","startTime":1049.84,"endTime":1052.09,"body":"their own review of their"},{"speaker":"Arjun Paliwal","startTime":1049.84,"endTime":1052.09,"body":"personal circumstances and make"},{"speaker":"Arjun Paliwal","startTime":1052.09,"endTime":1055.75,"body":"the right one they can. But"},{"speaker":"Arjun Paliwal","startTime":1052.09,"endTime":1055.75,"body":"look, we're professionals. When"},{"speaker":"Arjun Paliwal","startTime":1055.75,"endTime":1058.24,"body":"it comes to executing property,"},{"speaker":"Arjun Paliwal","startTime":1055.75,"endTime":1058.24,"body":"we purchased over 500"},{"speaker":"Arjun Paliwal","startTime":1058.24,"endTime":1061.6,"body":"properties, our team has more"},{"speaker":"Arjun Paliwal","startTime":1058.24,"endTime":1061.6,"body":"than 43 properties combined,"},{"speaker":"Arjun Paliwal","startTime":1061.63,"endTime":1064.78,"body":"just between us. And then at the"},{"speaker":"Arjun Paliwal","startTime":1061.63,"endTime":1064.78,"body":"same time, we've had close to a"},{"speaker":"Arjun Paliwal","startTime":1064.78,"endTime":1067.36,"body":"billion dollars in transaction"},{"speaker":"Arjun Paliwal","startTime":1064.78,"endTime":1067.36,"body":"experience from residential,"},{"speaker":"Arjun Paliwal","startTime":1067.36,"endTime":1070.57,"body":"commercial and finance, right."},{"speaker":"Arjun Paliwal","startTime":1067.36,"endTime":1070.57,"body":"So going to look at all of this,"},{"speaker":"Arjun Paliwal","startTime":1070.63,"endTime":1073.36,"body":"there's an immense experience to"},{"speaker":"Arjun Paliwal","startTime":1070.63,"endTime":1073.36,"body":"be able to do that. But what"},{"speaker":"Arjun Paliwal","startTime":1073.36,"endTime":1077.65,"body":"they do provide is actual"},{"speaker":"Arjun Paliwal","startTime":1073.36,"endTime":1077.65,"body":"forecasts insights, almost"},{"speaker":"Arjun Paliwal","startTime":1077.68,"endTime":1079.99,"body":"vision of the future before it"},{"speaker":"Arjun Paliwal","startTime":1077.68,"endTime":1079.99,"body":"happens. And you know, you can"},{"speaker":"Arjun Paliwal","startTime":1079.99,"endTime":1083.74,"body":"go back to research papers about"},{"speaker":"Arjun Paliwal","startTime":1079.99,"endTime":1083.74,"body":"Australian housing fundamentals"},{"speaker":"Arjun Paliwal","startTime":1083.74,"endTime":1086.23,"body":"and the under supply would be"},{"speaker":"Arjun Paliwal","startTime":1083.74,"endTime":1086.23,"body":"in, you can go to research"},{"speaker":"Arjun Paliwal","startTime":1086.23,"endTime":1089.62,"body":"papers, where we've talked about"},{"speaker":"Arjun Paliwal","startTime":1086.23,"endTime":1089.62,"body":"the rental crisis and predicted"},{"speaker":"Arjun Paliwal","startTime":1089.62,"endTime":1094.15,"body":"rental growth for 2022, before"},{"speaker":"Arjun Paliwal","startTime":1089.62,"endTime":1094.15,"body":"it happened. And we can also go"},{"speaker":"Arjun Paliwal","startTime":1094.15,"endTime":1096.7,"body":"through, you know, research"},{"speaker":"Arjun Paliwal","startTime":1094.15,"endTime":1096.7,"body":"reports, like the white papers,"},{"speaker":"Arjun Paliwal","startTime":1096.7,"endTime":1099.28,"body":"where we talk about the top five"},{"speaker":"Arjun Paliwal","startTime":1096.7,"endTime":1099.28,"body":"regions in New South Wales for a"},{"speaker":"Arjun Paliwal","startTime":1099.28,"endTime":1103.54,"body":"certain budget, of which four or"},{"speaker":"Arjun Paliwal","startTime":1099.28,"endTime":1103.54,"body":"five were the top performing"},{"speaker":"Arjun Paliwal","startTime":1103.54,"endTime":1107.05,"body":"regions. So when you start to"},{"speaker":"Arjun Paliwal","startTime":1103.54,"endTime":1107.05,"body":"have that level of track record,"},{"speaker":"Arjun Paliwal","startTime":1107.11,"endTime":1110.14,"body":"it's obviously getting a lot of"},{"speaker":"Arjun Paliwal","startTime":1107.11,"endTime":1110.14,"body":"attraction. But at the same"},{"speaker":"Arjun Paliwal","startTime":1110.14,"endTime":1112.66,"body":"time, it's enough info for"},{"speaker":"Arjun Paliwal","startTime":1110.14,"endTime":1112.66,"body":"people to go hey, I'm cool, man."},{"speaker":"Arjun Paliwal","startTime":1113.14,"endTime":1114.49,"body":"But if you want help, it's"},{"speaker":"Arjun Paliwal","startTime":1113.14,"endTime":1114.49,"body":"there."},{"speaker":"Victor Lagos","startTime":1114.55,"endTime":1117.19,"body":"Yeah, actually,"},{"speaker":"Victor Lagos","startTime":1114.55,"endTime":1117.19,"body":"that was gonna let you sort of"},{"speaker":"Victor Lagos","startTime":1117.19,"endTime":1119.62,"body":"touched on it, I was gonna ask"},{"speaker":"Victor Lagos","startTime":1117.19,"endTime":1119.62,"body":"you, because you've been doing"},{"speaker":"Victor Lagos","startTime":1119.62,"endTime":1122.23,"body":"it for five years, because"},{"speaker":"Victor Lagos","startTime":1119.62,"endTime":1122.23,"body":"you've got, you know, 500 plus"},{"speaker":"Victor Lagos","startTime":1122.23,"endTime":1126.1,"body":"clients on your books. And you"},{"speaker":"Victor Lagos","startTime":1122.23,"endTime":1126.1,"body":"you've spent and invest a lot"},{"speaker":"Victor Lagos","startTime":1126.1,"endTime":1131.2,"body":"into into data. Have you"},{"speaker":"Victor Lagos","startTime":1126.1,"endTime":1131.2,"body":"unpacked the data from all your"},{"speaker":"Victor Lagos","startTime":1131.2,"endTime":1134.77,"body":"past clients, and said, Okay,"},{"speaker":"Victor Lagos","startTime":1131.2,"endTime":1134.77,"body":"look, this is what, what they"},{"speaker":"Victor Lagos","startTime":1134.77,"endTime":1137.53,"body":"bought at the time, this is what"},{"speaker":"Victor Lagos","startTime":1134.77,"endTime":1137.53,"body":"we said was going to happen"},{"speaker":"Victor Lagos","startTime":1137.53,"endTime":1141.01,"body":"based on the data, we had this"},{"speaker":"Victor Lagos","startTime":1137.53,"endTime":1141.01,"body":"what was right, this wasn't, and"},{"speaker":"Victor Lagos","startTime":1141.01,"endTime":1143.5,"body":"then you start learning and"},{"speaker":"Victor Lagos","startTime":1141.01,"endTime":1143.5,"body":"refine and say, Okay, I'm not"},{"speaker":"Victor Lagos","startTime":1143.5,"endTime":1146.5,"body":"going to actually use that same"},{"speaker":"Victor Lagos","startTime":1143.5,"endTime":1146.5,"body":"formula, because it didn't work"},{"speaker":"Victor Lagos","startTime":1146.5,"endTime":1149.14,"body":"back then. Is that what you guys"},{"speaker":"Victor Lagos","startTime":1146.5,"endTime":1149.14,"body":"did? That's the part"},{"speaker":"Arjun Paliwal","startTime":1149.14,"endTime":1151.45,"body":"that is what it's"},{"speaker":"Arjun Paliwal","startTime":1149.14,"endTime":1151.45,"body":"all about. Because at the end of"},{"speaker":"Arjun Paliwal","startTime":1151.45,"endTime":1156.04,"body":"the day, this is people's lives,"},{"speaker":"Arjun Paliwal","startTime":1151.45,"endTime":1156.04,"body":"people's finances, a big part of"},{"speaker":"Arjun Paliwal","startTime":1156.07,"endTime":1159.43,"body":"what's going to help them unlock"},{"speaker":"Arjun Paliwal","startTime":1156.07,"endTime":1159.43,"body":"a new level in their journey. So"},{"speaker":"Arjun Paliwal","startTime":1159.43,"endTime":1161.71,"body":"if we don't reflect and just"},{"speaker":"Arjun Paliwal","startTime":1159.43,"endTime":1161.71,"body":"take things for granted, and"},{"speaker":"Arjun Paliwal","startTime":1161.71,"endTime":1164.71,"body":"assume that it's just business"},{"speaker":"Arjun Paliwal","startTime":1161.71,"endTime":1164.71,"body":"and marketing. That's, that's"},{"speaker":"Arjun Paliwal","startTime":1164.71,"endTime":1167.02,"body":"horrible, right. And so the"},{"speaker":"Arjun Paliwal","startTime":1164.71,"endTime":1167.02,"body":"reflection has been the biggest"},{"speaker":"Arjun Paliwal","startTime":1167.02,"endTime":1170.29,"body":"part, to give you some insights"},{"speaker":"Arjun Paliwal","startTime":1167.02,"endTime":1170.29,"body":"on the outcomes of that"},{"speaker":"Arjun Paliwal","startTime":1170.29,"endTime":1173.92,"body":"reflection. The first thing I'm"},{"speaker":"Arjun Paliwal","startTime":1170.29,"endTime":1173.92,"body":"super proud of is that over the"},{"speaker":"Arjun Paliwal","startTime":1173.92,"endTime":1176.05,"body":"last three years, we've"},{"speaker":"Arjun Paliwal","startTime":1173.92,"endTime":1176.05,"body":"obviously seen a major property"},{"speaker":"Arjun Paliwal","startTime":1176.05,"endTime":1179.71,"body":"boom. Now that property boom,"},{"speaker":"Arjun Paliwal","startTime":1176.05,"endTime":1179.71,"body":"makes people immediately think,"},{"speaker":"Arjun Paliwal","startTime":1179.74,"endTime":1182.89,"body":"Oh, well, you throw a dart"},{"speaker":"Arjun Paliwal","startTime":1179.74,"endTime":1182.89,"body":"anywhere, and you'll be okay. To"},{"speaker":"Arjun Paliwal","startTime":1182.89,"endTime":1186.79,"body":"some extent, yes. But in some"},{"speaker":"Arjun Paliwal","startTime":1182.89,"endTime":1186.79,"body":"cities, they've wiped off most"},{"speaker":"Arjun Paliwal","startTime":1186.79,"endTime":1190.39,"body":"of their boom results anyway."},{"speaker":"Arjun Paliwal","startTime":1186.79,"endTime":1190.39,"body":"Now, the second thing is, if you"},{"speaker":"Arjun Paliwal","startTime":1190.51,"endTime":1193.6,"body":"think of that and go, Well,"},{"speaker":"Arjun Paliwal","startTime":1190.51,"endTime":1193.6,"body":"everyone did okay. Well, guess"},{"speaker":"Arjun Paliwal","startTime":1193.6,"endTime":1196.39,"body":"what we looked at the data. We"},{"speaker":"Arjun Paliwal","startTime":1193.6,"endTime":1196.39,"body":"looked at the actual median"},{"speaker":"Arjun Paliwal","startTime":1196.39,"endTime":1199.24,"body":"price changes for Australia, and"},{"speaker":"Arjun Paliwal","startTime":1196.39,"endTime":1199.24,"body":"we compared it to the"},{"speaker":"Arjun Paliwal","startTime":1199.24,"endTime":1202.48,"body":"valuations. that we did for"},{"speaker":"Arjun Paliwal","startTime":1199.24,"endTime":1202.48,"body":"clients a year, two years, three"},{"speaker":"Arjun Paliwal","startTime":1202.48,"endTime":1205.69,"body":"years post purchase. And since"},{"speaker":"Arjun Paliwal","startTime":1202.48,"endTime":1205.69,"body":"this last three years of boom,"},{"speaker":"Arjun Paliwal","startTime":1205.69,"endTime":1209.38,"body":"we've outperformed it on average"},{"speaker":"Arjun Paliwal","startTime":1205.69,"endTime":1209.38,"body":"by 29%. So if you've got a"},{"speaker":"Arjun Paliwal","startTime":1209.38,"endTime":1214.06,"body":"location that did 10%, our"},{"speaker":"Arjun Paliwal","startTime":1209.38,"endTime":1214.06,"body":"averages did 12.9 to 13% or more"},{"speaker":"Arjun Paliwal","startTime":1214.18,"endTime":1216.97,"body":"during that time period. So"},{"speaker":"Arjun Paliwal","startTime":1214.18,"endTime":1216.97,"body":"that's been a very satisfying"},{"speaker":"Arjun Paliwal","startTime":1216.97,"endTime":1219.01,"body":"thing to know that even whilst"},{"speaker":"Arjun Paliwal","startTime":1216.97,"endTime":1219.01,"body":"the boom happened, you didn't"},{"speaker":"Arjun Paliwal","startTime":1219.01,"endTime":1221.95,"body":"just get along with it, you"},{"speaker":"Arjun Paliwal","startTime":1219.01,"endTime":1221.95,"body":"outperformed it. And then the"},{"speaker":"Arjun Paliwal","startTime":1221.95,"endTime":1225.64,"body":"second big thing for us was"},{"speaker":"Arjun Paliwal","startTime":1221.95,"endTime":1225.64,"body":"around the calls we've made, as"},{"speaker":"Arjun Paliwal","startTime":1225.64,"endTime":1229.99,"body":"recent as I think, early Feb to"},{"speaker":"Arjun Paliwal","startTime":1225.64,"endTime":1229.99,"body":"mid February listen to podcast"},{"speaker":"Arjun Paliwal","startTime":1229.99,"endTime":1233.74,"body":"called going down memory lane."},{"speaker":"Arjun Paliwal","startTime":1229.99,"endTime":1233.74,"body":"And it was a screenshare, where"},{"speaker":"Arjun Paliwal","startTime":1233.74,"endTime":1237.04,"body":"we went through articles and"},{"speaker":"Arjun Paliwal","startTime":1233.74,"endTime":1237.04,"body":"things that we had featured in"},{"speaker":"Arjun Paliwal","startTime":1237.07,"endTime":1241.36,"body":"across news.com AFR and other"},{"speaker":"Arjun Paliwal","startTime":1237.07,"endTime":1241.36,"body":"areas, and actually made talks"},{"speaker":"Arjun Paliwal","startTime":1241.36,"endTime":1243.46,"body":"about, hey, here's the six"},{"speaker":"Arjun Paliwal","startTime":1241.36,"endTime":1243.46,"body":"trends we predict are going to"},{"speaker":"Arjun Paliwal","startTime":1243.46,"endTime":1247.81,"body":"happen and 22. Here's the six"},{"speaker":"Arjun Paliwal","startTime":1243.46,"endTime":1247.81,"body":"trends ahead for 23. And we're"},{"speaker":"Arjun Paliwal","startTime":1247.81,"endTime":1251.02,"body":"able to track back actual data"},{"speaker":"Arjun Paliwal","startTime":1247.81,"endTime":1251.02,"body":"on that screenshare and podcast"},{"speaker":"Arjun Paliwal","startTime":1251.02,"endTime":1254.68,"body":"and show that they in fact did"},{"speaker":"Arjun Paliwal","startTime":1251.02,"endTime":1254.68,"body":"happen. So the key here is that"},{"speaker":"Arjun Paliwal","startTime":1254.68,"endTime":1257.92,"body":"we reflect on what went wrong,"},{"speaker":"Arjun Paliwal","startTime":1254.68,"endTime":1257.92,"body":"what went right, keep improving."},{"speaker":"Arjun Paliwal","startTime":1258.37,"endTime":1261.64,"body":"big part of what we do involves"},{"speaker":"Arjun Paliwal","startTime":1258.37,"endTime":1261.64,"body":"Big Data, data science, and also"},{"speaker":"Arjun Paliwal","startTime":1261.64,"endTime":1264.55,"body":"a lot of back testing. And so"},{"speaker":"Arjun Paliwal","startTime":1261.64,"endTime":1264.55,"body":"from that perspective that helps"},{"speaker":"Arjun Paliwal","startTime":1264.55,"endTime":1265.45,"body":"us really get ahead."},{"speaker":"Victor Lagos","startTime":1265.63,"endTime":1269.5,"body":"Are you using any"},{"speaker":"Victor Lagos","startTime":1265.63,"endTime":1269.5,"body":"AI to help you unpack large data"},{"speaker":"Victor Lagos","startTime":1269.56,"endTime":1270.43,"body":"and turn it into?"},{"speaker":"Arjun Paliwal","startTime":1270.91,"endTime":1272.83,"body":"Yeah, so some of"},{"speaker":"Arjun Paliwal","startTime":1270.91,"endTime":1272.83,"body":"the most recent experiments"},{"speaker":"Arjun Paliwal","startTime":1272.83,"endTime":1276.07,"body":"we've been working on has been"},{"speaker":"Arjun Paliwal","startTime":1272.83,"endTime":1276.07,"body":"around looking at the last 10"},{"speaker":"Arjun Paliwal","startTime":1276.07,"endTime":1280.42,"body":"years of growth year by year"},{"speaker":"Arjun Paliwal","startTime":1276.07,"endTime":1280.42,"body":"across major regions top"},{"speaker":"Arjun Paliwal","startTime":1280.45,"endTime":1283.57,"body":"performing courthouse low"},{"speaker":"Arjun Paliwal","startTime":1280.45,"endTime":1283.57,"body":"performing quartiles, and taking"},{"speaker":"Arjun Paliwal","startTime":1283.57,"endTime":1286.3,"body":"the viewpoint that if we were"},{"speaker":"Arjun Paliwal","startTime":1283.57,"endTime":1286.3,"body":"using our scorecards and"},{"speaker":"Arjun Paliwal","startTime":1286.3,"endTime":1289.6,"body":"weightings that are driven by"},{"speaker":"Arjun Paliwal","startTime":1286.3,"endTime":1289.6,"body":"machine learning, and you know,"},{"speaker":"Arjun Paliwal","startTime":1289.63,"endTime":1293.08,"body":"our principles, if we look back"},{"speaker":"Arjun Paliwal","startTime":1289.63,"endTime":1293.08,"body":"and say, Hey, in 2012, if we'd"},{"speaker":"Arjun Paliwal","startTime":1293.08,"endTime":1297.19,"body":"selected these top 30% of our"},{"speaker":"Arjun Paliwal","startTime":1293.08,"endTime":1297.19,"body":"scores, where would that have"},{"speaker":"Arjun Paliwal","startTime":1297.19,"endTime":1300.85,"body":"been in 2013, and 14, versus"},{"speaker":"Arjun Paliwal","startTime":1297.19,"endTime":1300.85,"body":"what the markets produced? And"},{"speaker":"Arjun Paliwal","startTime":1300.85,"endTime":1303.07,"body":"so far, we're actually"},{"speaker":"Arjun Paliwal","startTime":1300.85,"endTime":1303.07,"body":"outperforming based on some of"},{"speaker":"Arjun Paliwal","startTime":1303.07,"endTime":1305.62,"body":"our location metrics. We're"},{"speaker":"Arjun Paliwal","startTime":1303.07,"endTime":1305.62,"body":"constantly tweaking to be able"},{"speaker":"Arjun Paliwal","startTime":1305.62,"endTime":1308.92,"body":"to go back and say, Hey, how do"},{"speaker":"Arjun Paliwal","startTime":1305.62,"endTime":1308.92,"body":"we keep improving that"},{"speaker":"Arjun Paliwal","startTime":1308.92,"endTime":1312.16,"body":"correlation score. So we don't"},{"speaker":"Arjun Paliwal","startTime":1308.92,"endTime":1312.16,"body":"have years of outliers and"},{"speaker":"Arjun Paliwal","startTime":1312.16,"endTime":1314.71,"body":"continue to improve that. But"},{"speaker":"Arjun Paliwal","startTime":1312.16,"endTime":1314.71,"body":"that's never going to stop."},{"speaker":"Arjun Paliwal","startTime":1314.74,"endTime":1317.74,"body":"Because you know, the way data"},{"speaker":"Arjun Paliwal","startTime":1314.74,"endTime":1317.74,"body":"works is, there's what you"},{"speaker":"Arjun Paliwal","startTime":1317.74,"endTime":1321.28,"body":"believe the weightings are, then"},{"speaker":"Arjun Paliwal","startTime":1317.74,"endTime":1321.28,"body":"there's what ml believes from an"},{"speaker":"Arjun Paliwal","startTime":1321.28,"endTime":1325.51,"body":"analysis of taking all of"},{"speaker":"Arjun Paliwal","startTime":1321.28,"endTime":1325.51,"body":"various variables in there. But"},{"speaker":"Arjun Paliwal","startTime":1325.54,"endTime":1328.27,"body":"we are getting better and better"},{"speaker":"Arjun Paliwal","startTime":1325.54,"endTime":1328.27,"body":"from that correlation test. So"},{"speaker":"Arjun Paliwal","startTime":1328.3,"endTime":1329.71,"body":"we're excited. Awesome."},{"speaker":"Victor Lagos","startTime":1329.77,"endTime":1332.74,"body":"Now, that's really"},{"speaker":"Victor Lagos","startTime":1329.77,"endTime":1332.74,"body":"good. I think for anyone that's"},{"speaker":"Victor Lagos","startTime":1332.74,"endTime":1335.71,"body":"listening, it sounds like,"},{"speaker":"Victor Lagos","startTime":1332.74,"endTime":1335.71,"body":"there's gonna be a lot of value."},{"speaker":"Victor Lagos","startTime":1335.74,"endTime":1338.65,"body":"Even if you live, if you just"},{"speaker":"Victor Lagos","startTime":1335.74,"endTime":1338.65,"body":"read the white paper, if you I'm"},{"speaker":"Victor Lagos","startTime":1338.65,"endTime":1340.96,"body":"sure your website has got a lot"},{"speaker":"Victor Lagos","startTime":1338.65,"endTime":1340.96,"body":"of information that can help"},{"speaker":"Victor Lagos","startTime":1340.96,"endTime":1344.26,"body":"guide people that are on that"},{"speaker":"Victor Lagos","startTime":1340.96,"endTime":1344.26,"body":"early part of their journey. Or"},{"speaker":"Victor Lagos","startTime":1344.26,"endTime":1346.12,"body":"if you're a seasoned investor,"},{"speaker":"Victor Lagos","startTime":1344.26,"endTime":1346.12,"body":"and you're wanting to keep"},{"speaker":"Victor Lagos","startTime":1346.12,"endTime":1350.86,"body":"growing. But I do want to ask"},{"speaker":"Victor Lagos","startTime":1346.12,"endTime":1350.86,"body":"you, what advice would you give"},{"speaker":"Victor Lagos","startTime":1350.86,"endTime":1353.59,"body":"someone or a couple that are in"},{"speaker":"Victor Lagos","startTime":1350.86,"endTime":1353.59,"body":"the early stage trying to save"},{"speaker":"Victor Lagos","startTime":1353.59,"endTime":1356.59,"body":"for a deposit, and they want to"},{"speaker":"Victor Lagos","startTime":1353.59,"endTime":1356.59,"body":"get onto the property ladder?"},{"speaker":"Arjun Paliwal","startTime":1357.46,"endTime":1359.74,"body":"My biggest tip to"},{"speaker":"Arjun Paliwal","startTime":1357.46,"endTime":1359.74,"body":"people would be to actually"},{"speaker":"Arjun Paliwal","startTime":1359.74,"endTime":1363.73,"body":"realize how little the"},{"speaker":"Arjun Paliwal","startTime":1359.74,"endTime":1363.73,"body":"investment is in comparison to"},{"speaker":"Arjun Paliwal","startTime":1363.73,"endTime":1367.72,"body":"what you may think it is. So the"},{"speaker":"Arjun Paliwal","startTime":1363.73,"endTime":1367.72,"body":"first part that comes to mind is"},{"speaker":"Arjun Paliwal","startTime":1367.72,"endTime":1371.8,"body":"actually around the deposit"},{"speaker":"Arjun Paliwal","startTime":1367.72,"endTime":1371.8,"body":"size. You know, people and I'm"},{"speaker":"Arjun Paliwal","startTime":1371.8,"endTime":1374.47,"body":"sure in your world, you see this"},{"speaker":"Arjun Paliwal","startTime":1371.8,"endTime":1374.47,"body":"all the time. There's an"},{"speaker":"Arjun Paliwal","startTime":1374.47,"endTime":1378.73,"body":"assumption of 20% deposits."},{"speaker":"Arjun Paliwal","startTime":1374.47,"endTime":1378.73,"body":"There's assumptions of mortgage"},{"speaker":"Arjun Paliwal","startTime":1378.73,"endTime":1383.05,"body":"insurance isn't a great thing."},{"speaker":"Arjun Paliwal","startTime":1378.73,"endTime":1383.05,"body":"There's assumptions of I can't"},{"speaker":"Arjun Paliwal","startTime":1383.05,"endTime":1386.47,"body":"get any benefits for certain"},{"speaker":"Arjun Paliwal","startTime":1383.05,"endTime":1386.47,"body":"stamp duty because of a certain"},{"speaker":"Arjun Paliwal","startTime":1386.47,"endTime":1390.73,"body":"price point versus all the"},{"speaker":"Arjun Paliwal","startTime":1386.47,"endTime":1390.73,"body":"horribly presented roles out"},{"speaker":"Arjun Paliwal","startTime":1390.73,"endTime":1394.57,"body":"there. What's one saying 801"},{"speaker":"Arjun Paliwal","startTime":1390.73,"endTime":1394.57,"body":"saying 1.51 saying only this for"},{"speaker":"Arjun Paliwal","startTime":1394.57,"endTime":1397.06,"body":"new, very difficult, but now"},{"speaker":"Arjun Paliwal","startTime":1394.57,"endTime":1397.06,"body":"it's getting easier and more"},{"speaker":"Arjun Paliwal","startTime":1397.06,"endTime":1401.08,"body":"simpler. The main thing is when"},{"speaker":"Arjun Paliwal","startTime":1397.06,"endTime":1401.08,"body":"you start to realize loan to"},{"speaker":"Arjun Paliwal","startTime":1401.08,"endTime":1405.4,"body":"value ratios, deposits required"},{"speaker":"Arjun Paliwal","startTime":1401.08,"endTime":1405.4,"body":"understanding mortgage insurance"},{"speaker":"Arjun Paliwal","startTime":1405.55,"endTime":1408.76,"body":"concepts of compound growth, you"},{"speaker":"Arjun Paliwal","startTime":1405.55,"endTime":1408.76,"body":"might look at it and sit down"},{"speaker":"Arjun Paliwal","startTime":1408.76,"endTime":1411.97,"body":"and go wait, I was ready two"},{"speaker":"Arjun Paliwal","startTime":1408.76,"endTime":1411.97,"body":"years ago. And that's where I"},{"speaker":"Arjun Paliwal","startTime":1411.97,"endTime":1415.12,"body":"think the biggest tip is for"},{"speaker":"Arjun Paliwal","startTime":1411.97,"endTime":1415.12,"body":"most families, is that if you"},{"speaker":"Arjun Paliwal","startTime":1415.12,"endTime":1418.66,"body":"just take New South Wales, for"},{"speaker":"Arjun Paliwal","startTime":1415.12,"endTime":1418.66,"body":"example, people are saving up to"},{"speaker":"Arjun Paliwal","startTime":1418.69,"endTime":1424.57,"body":"$60,000 on stamp duty for a $1.5"},{"speaker":"Arjun Paliwal","startTime":1418.69,"endTime":1424.57,"body":"million place. That is two to"},{"speaker":"Arjun Paliwal","startTime":1424.57,"endTime":1427.48,"body":"four years depending on where"},{"speaker":"Arjun Paliwal","startTime":1424.57,"endTime":1427.48,"body":"your savings rates are. So"},{"speaker":"Arjun Paliwal","startTime":1427.48,"endTime":1429.61,"body":"imagine looking back and going,"},{"speaker":"Arjun Paliwal","startTime":1427.48,"endTime":1429.61,"body":"I could have purchased property"},{"speaker":"Arjun Paliwal","startTime":1429.67,"endTime":1433.12,"body":"two years ago, four years ago,"},{"speaker":"Arjun Paliwal","startTime":1429.67,"endTime":1433.12,"body":"or I now no longer have to wait"},{"speaker":"Arjun Paliwal","startTime":1433.12,"endTime":1437.32,"body":"for that. Where could prices be"},{"speaker":"Arjun Paliwal","startTime":1433.12,"endTime":1437.32,"body":"234 years later. And so I think"},{"speaker":"Arjun Paliwal","startTime":1437.32,"endTime":1439.66,"body":"from that aspect of things,"},{"speaker":"Arjun Paliwal","startTime":1437.32,"endTime":1439.66,"body":"that's my biggest tip. And then"},{"speaker":"Arjun Paliwal","startTime":1439.84,"endTime":1443.83,"body":"the final piece would be around"},{"speaker":"Arjun Paliwal","startTime":1439.84,"endTime":1443.83,"body":"realizing that your backyard"},{"speaker":"Arjun Paliwal","startTime":1443.86,"endTime":1448.24,"body":"isn't any better investment than"},{"speaker":"Arjun Paliwal","startTime":1443.86,"endTime":1448.24,"body":"what's elsewhere. The key thing"},{"speaker":"Arjun Paliwal","startTime":1448.24,"endTime":1451.27,"body":"I've realized and building a"},{"speaker":"Arjun Paliwal","startTime":1448.24,"endTime":1451.27,"body":"portfolio of properties, is my"},{"speaker":"Arjun Paliwal","startTime":1451.27,"endTime":1454.3,"body":"wife and I are across five"},{"speaker":"Arjun Paliwal","startTime":1451.27,"endTime":1454.3,"body":"states. And with those five"},{"speaker":"Arjun Paliwal","startTime":1454.3,"endTime":1457.39,"body":"states, we've come to realize"},{"speaker":"Arjun Paliwal","startTime":1454.3,"endTime":1457.39,"body":"that at any given time, they're"},{"speaker":"Arjun Paliwal","startTime":1457.39,"endTime":1460.78,"body":"all not doing the same thing. So"},{"speaker":"Arjun Paliwal","startTime":1457.39,"endTime":1460.78,"body":"if you can protect yourself and"},{"speaker":"Arjun Paliwal","startTime":1460.78,"endTime":1463.99,"body":"be like, hey, at any given year,"},{"speaker":"Arjun Paliwal","startTime":1460.78,"endTime":1463.99,"body":"something's going well,"},{"speaker":"Arjun Paliwal","startTime":1463.99,"endTime":1466.93,"body":"something's okay, something's"},{"speaker":"Arjun Paliwal","startTime":1463.99,"endTime":1466.93,"body":"not going so well. And you've"},{"speaker":"Arjun Paliwal","startTime":1466.93,"endTime":1469.81,"body":"got that diversity, then you're"},{"speaker":"Arjun Paliwal","startTime":1466.93,"endTime":1469.81,"body":"able to look back and just go,"},{"speaker":"Arjun Paliwal","startTime":1469.84,"endTime":1471.94,"body":"it's not even about what the"},{"speaker":"Arjun Paliwal","startTime":1469.84,"endTime":1471.94,"body":"markets doing. It's just about"},{"speaker":"Arjun Paliwal","startTime":1471.94,"endTime":1475.45,"body":"how many more flags can I plant?"},{"speaker":"Arjun Paliwal","startTime":1471.94,"endTime":1475.45,"body":"And so when you start to realize"},{"speaker":"Arjun Paliwal","startTime":1475.45,"endTime":1478.0,"body":"that you go, Hey, why am I so"},{"speaker":"Arjun Paliwal","startTime":1475.45,"endTime":1478.0,"body":"confined in where I'm looking?"},{"speaker":"Arjun Paliwal","startTime":1478.0,"endTime":1480.19,"body":"Now? Let's just spread our wings"},{"speaker":"Arjun Paliwal","startTime":1478.0,"endTime":1480.19,"body":"and start seeing what's"},{"speaker":"Arjun Paliwal","startTime":1480.19,"endTime":1480.61,"body":"elsewhere?"},{"speaker":"Victor Lagos","startTime":1480.7,"endTime":1483.01,"body":"Yeah, I'm a big"},{"speaker":"Victor Lagos","startTime":1480.7,"endTime":1483.01,"body":"advocate of that, too. So my"},{"speaker":"Victor Lagos","startTime":1483.01,"endTime":1486.37,"body":"wife and I rent visitors. So we"},{"speaker":"Victor Lagos","startTime":1483.01,"endTime":1486.37,"body":"rent we want to live which is in"},{"speaker":"Victor Lagos","startTime":1486.37,"endTime":1489.79,"body":"eastern suburbs of Sydney. And"},{"speaker":"Victor Lagos","startTime":1486.37,"endTime":1489.79,"body":"we buy what we can afford. And"},{"speaker":"Victor Lagos","startTime":1489.97,"endTime":1493.0,"body":"using data using serves as a"},{"speaker":"Victor Lagos","startTime":1489.97,"endTime":1493.0,"body":"buyer's agent. We own two"},{"speaker":"Victor Lagos","startTime":1493.0,"endTime":1496.33,"body":"properties in different states."},{"speaker":"Victor Lagos","startTime":1493.0,"endTime":1496.33,"body":"And you're right, like one of"},{"speaker":"Victor Lagos","startTime":1496.33,"endTime":1499.39,"body":"them might be performing better"},{"speaker":"Victor Lagos","startTime":1496.33,"endTime":1499.39,"body":"than the other but so be it as"},{"speaker":"Victor Lagos","startTime":1499.39,"endTime":1502.15,"body":"long as we can Hold on to these"},{"speaker":"Victor Lagos","startTime":1499.39,"endTime":1502.15,"body":"properties over the long term,"},{"speaker":"Victor Lagos","startTime":1502.45,"endTime":1505.27,"body":"they're definitely going to it's"},{"speaker":"Victor Lagos","startTime":1502.45,"endTime":1505.27,"body":"going to be worthwhile that"},{"speaker":"Victor Lagos","startTime":1505.27,"endTime":1508.27,"body":"compounded growth will be there."},{"speaker":"Victor Lagos","startTime":1505.27,"endTime":1508.27,"body":"And of course, the cashflow,"},{"speaker":"Victor Lagos","startTime":1509.44,"endTime":1512.29,"body":"positive side of things is"},{"speaker":"Victor Lagos","startTime":1509.44,"endTime":1512.29,"body":"always important. But look,"},{"speaker":"Victor Lagos","startTime":1513.46,"endTime":1515.92,"body":"people need to have buffers,"},{"speaker":"Victor Lagos","startTime":1513.46,"endTime":1515.92,"body":"right? We're gonna we're in an"},{"speaker":"Victor Lagos","startTime":1515.95,"endTime":1519.61,"body":"environment at the moment where"},{"speaker":"Victor Lagos","startTime":1515.95,"endTime":1519.61,"body":"rates are increasing every month"},{"speaker":"Victor Lagos","startTime":1519.61,"endTime":1523.15,"body":"at the moment. So I guess, I"},{"speaker":"Victor Lagos","startTime":1519.61,"endTime":1523.15,"body":"wanted to ask you like, what"},{"speaker":"Victor Lagos","startTime":1523.15,"endTime":1525.52,"body":"would you say the best"},{"speaker":"Victor Lagos","startTime":1523.15,"endTime":1525.52,"body":"opportunities are given the"},{"speaker":"Victor Lagos","startTime":1525.52,"endTime":1528.94,"body":"current rate rises, and"},{"speaker":"Victor Lagos","startTime":1525.52,"endTime":1528.94,"body":"inflation? And what strategies"},{"speaker":"Victor Lagos","startTime":1528.94,"endTime":1531.13,"body":"can people take to protect"},{"speaker":"Victor Lagos","startTime":1528.94,"endTime":1531.13,"body":"themselves during this period?"},{"speaker":"Arjun Paliwal","startTime":1531.28,"endTime":1532.84,"body":"Yeah, it's a good"},{"speaker":"Arjun Paliwal","startTime":1531.28,"endTime":1532.84,"body":"question. So the current"},{"speaker":"Arjun Paliwal","startTime":1532.84,"endTime":1536.47,"body":"environment has pros and cons"},{"speaker":"Arjun Paliwal","startTime":1532.84,"endTime":1536.47,"body":"for people. So I think the pros"},{"speaker":"Arjun Paliwal","startTime":1536.47,"endTime":1541.51,"body":"is that when you are looking at"},{"speaker":"Arjun Paliwal","startTime":1536.47,"endTime":1541.51,"body":"the environment, it's actually"},{"speaker":"Arjun Paliwal","startTime":1541.51,"endTime":1544.69,"body":"not a forever environment. And"},{"speaker":"Arjun Paliwal","startTime":1541.51,"endTime":1544.69,"body":"that's something that people are"},{"speaker":"Arjun Paliwal","startTime":1544.72,"endTime":1549.79,"body":"really confused about are not"},{"speaker":"Arjun Paliwal","startTime":1544.72,"endTime":1549.79,"body":"clear on. The last few cycles of"},{"speaker":"Arjun Paliwal","startTime":1549.79,"endTime":1552.58,"body":"interest rate rises actually"},{"speaker":"Arjun Paliwal","startTime":1549.79,"endTime":1552.58,"body":"just go back to history, they're"},{"speaker":"Arjun Paliwal","startTime":1552.58,"endTime":1557.29,"body":"used as a mechanism to stop play"},{"speaker":"Arjun Paliwal","startTime":1552.58,"endTime":1557.29,"body":"things like rampant inflation as"},{"speaker":"Arjun Paliwal","startTime":1557.29,"endTime":1560.68,"body":"an example. They're not used as"},{"speaker":"Arjun Paliwal","startTime":1557.29,"endTime":1560.68,"body":"a, this is the new norm. And we"},{"speaker":"Arjun Paliwal","startTime":1560.68,"endTime":1565.3,"body":"sit here and 6% rates forever."},{"speaker":"Arjun Paliwal","startTime":1560.68,"endTime":1565.3,"body":"And so the key is, we all know"},{"speaker":"Arjun Paliwal","startTime":1565.3,"endTime":1569.83,"body":"six to 7%, interest rates in"},{"speaker":"Arjun Paliwal","startTime":1565.3,"endTime":1569.83,"body":"Australia, are going to hurt"},{"speaker":"Arjun Paliwal","startTime":1569.86,"endTime":1573.7,"body":"people eventually, not"},{"speaker":"Arjun Paliwal","startTime":1569.86,"endTime":1573.7,"body":"immediately. And not everyone."},{"speaker":"Arjun Paliwal","startTime":1574.24,"endTime":1578.98,"body":"But eventually. And so the idea"},{"speaker":"Arjun Paliwal","startTime":1574.24,"endTime":1578.98,"body":"of the RBA is to go before it"},{"speaker":"Arjun Paliwal","startTime":1578.98,"endTime":1584.29,"body":"does, hopefully spending habits"},{"speaker":"Arjun Paliwal","startTime":1578.98,"endTime":1584.29,"body":"have cut back, inflation has cut"},{"speaker":"Arjun Paliwal","startTime":1584.29,"endTime":1588.31,"body":"back. And as a result, we can"},{"speaker":"Arjun Paliwal","startTime":1584.29,"endTime":1588.31,"body":"now turn down. So that's the"},{"speaker":"Arjun Paliwal","startTime":1588.31,"endTime":1590.71,"body":"first part that you want to"},{"speaker":"Arjun Paliwal","startTime":1588.31,"endTime":1590.71,"body":"understand the concept of it"},{"speaker":"Arjun Paliwal","startTime":1590.71,"endTime":1593.62,"body":"all, which means that it's a"},{"speaker":"Arjun Paliwal","startTime":1590.71,"endTime":1593.62,"body":"good time knowing that you're"},{"speaker":"Arjun Paliwal","startTime":1593.62,"endTime":1596.59,"body":"able to purchase assets in an"},{"speaker":"Arjun Paliwal","startTime":1593.62,"endTime":1596.59,"body":"environment where many people"},{"speaker":"Arjun Paliwal","startTime":1596.59,"endTime":1598.99,"body":"aren't thinking like that"},{"speaker":"Arjun Paliwal","startTime":1596.59,"endTime":1598.99,"body":"they're thinking that these"},{"speaker":"Arjun Paliwal","startTime":1598.99,"endTime":1602.14,"body":"rates are forever rates. And"},{"speaker":"Arjun Paliwal","startTime":1598.99,"endTime":1602.14,"body":"that's just how it works. And so"},{"speaker":"Arjun Paliwal","startTime":1602.14,"endTime":1604.33,"body":"you can think of a long term"},{"speaker":"Arjun Paliwal","startTime":1602.14,"endTime":1604.33,"body":"view, but make that short term"},{"speaker":"Arjun Paliwal","startTime":1604.33,"endTime":1608.74,"body":"decision. Now, the cons of this"},{"speaker":"Arjun Paliwal","startTime":1604.33,"endTime":1608.74,"body":"is dependent on your mindset and"},{"speaker":"Arjun Paliwal","startTime":1608.74,"endTime":1612.22,"body":"how you analyze numbers. If you"},{"speaker":"Arjun Paliwal","startTime":1608.74,"endTime":1612.22,"body":"are going on this journey where"},{"speaker":"Arjun Paliwal","startTime":1612.22,"endTime":1616.21,"body":"I need to hit positive cash"},{"speaker":"Arjun Paliwal","startTime":1612.22,"endTime":1616.21,"body":"flow, or cash flow is my core in"},{"speaker":"Arjun Paliwal","startTime":1616.21,"endTime":1619.3,"body":"a desire in investing. Well,"},{"speaker":"Arjun Paliwal","startTime":1616.21,"endTime":1619.3,"body":"firstly, you're probably going"},{"speaker":"Arjun Paliwal","startTime":1619.3,"endTime":1622.27,"body":"to have a bad time investing in"},{"speaker":"Arjun Paliwal","startTime":1619.3,"endTime":1622.27,"body":"the current market, because"},{"speaker":"Arjun Paliwal","startTime":1622.27,"endTime":1624.97,"body":"you're going to have 20 options,"},{"speaker":"Arjun Paliwal","startTime":1622.27,"endTime":1624.97,"body":"say in your budget, then you're"},{"speaker":"Arjun Paliwal","startTime":1624.97,"endTime":1628.0,"body":"going to call 18 to 19 of them"},{"speaker":"Arjun Paliwal","startTime":1624.97,"endTime":1628.0,"body":"because they don't meet cashflow"},{"speaker":"Arjun Paliwal","startTime":1628.0,"endTime":1631.36,"body":"requirements. And then the one"},{"speaker":"Arjun Paliwal","startTime":1628.0,"endTime":1631.36,"body":"that does may just meet it and"},{"speaker":"Arjun Paliwal","startTime":1631.36,"endTime":1633.73,"body":"all it takes is one air con just"},{"speaker":"Arjun Paliwal","startTime":1631.36,"endTime":1633.73,"body":"to get repairs, and then all of"},{"speaker":"Arjun Paliwal","startTime":1633.73,"endTime":1637.0,"body":"a sudden now negative. And so"},{"speaker":"Arjun Paliwal","startTime":1633.73,"endTime":1637.0,"body":"it's just a silly thing to"},{"speaker":"Arjun Paliwal","startTime":1637.0,"endTime":1639.97,"body":"absolutely focus on in this"},{"speaker":"Arjun Paliwal","startTime":1637.0,"endTime":1639.97,"body":"environment. And as a result,"},{"speaker":"Arjun Paliwal","startTime":1639.97,"endTime":1643.48,"body":"what people will do is I'll just"},{"speaker":"Arjun Paliwal","startTime":1639.97,"endTime":1643.48,"body":"jump in on one market, and"},{"speaker":"Arjun Paliwal","startTime":1643.48,"endTime":1646.36,"body":"completely avoid the"},{"speaker":"Arjun Paliwal","startTime":1643.48,"endTime":1646.36,"body":"fundamentals of money. Or number"},{"speaker":"Arjun Paliwal","startTime":1646.36,"endTime":1648.94,"body":"two is they'll just pull back on"},{"speaker":"Arjun Paliwal","startTime":1646.36,"endTime":1648.94,"body":"investing go don't for me, when"},{"speaker":"Arjun Paliwal","startTime":1648.94,"endTime":1652.12,"body":"really you had the buffers, you"},{"speaker":"Arjun Paliwal","startTime":1648.94,"endTime":1652.12,"body":"have the desire, you have the"},{"speaker":"Arjun Paliwal","startTime":1652.12,"endTime":1655.39,"body":"goal, you have the savings"},{"speaker":"Arjun Paliwal","startTime":1652.12,"endTime":1655.39,"body":"ability. So consider consider"},{"speaker":"Arjun Paliwal","startTime":1655.39,"endTime":1658.45,"body":"those first, the markets just a"},{"speaker":"Arjun Paliwal","startTime":1655.39,"endTime":1658.45,"body":"tool for you to just put money"},{"speaker":"Arjun Paliwal","startTime":1658.45,"endTime":1661.78,"body":"in and let it sit there for the"},{"speaker":"Arjun Paliwal","startTime":1658.45,"endTime":1661.78,"body":"long term. Whereas I think many"},{"speaker":"Arjun Paliwal","startTime":1661.78,"endTime":1664.48,"body":"people will have that kind of"},{"speaker":"Arjun Paliwal","startTime":1661.78,"endTime":1664.48,"body":"searching for something that"},{"speaker":"Arjun Paliwal","startTime":1664.48,"endTime":1667.66,"body":"might not exist as much or"},{"speaker":"Arjun Paliwal","startTime":1664.48,"endTime":1667.66,"body":"doesn't exist at all, and then"},{"speaker":"Arjun Paliwal","startTime":1667.66,"endTime":1670.03,"body":"they just get paralyzed or make"},{"speaker":"Arjun Paliwal","startTime":1667.66,"endTime":1670.03,"body":"bad decisions."},{"speaker":"Victor Lagos","startTime":1670.06,"endTime":1673.33,"body":"Yeah, that's a"},{"speaker":"Victor Lagos","startTime":1670.06,"endTime":1673.33,"body":"good point. And for those who"},{"speaker":"Victor Lagos","startTime":1673.33,"endTime":1676.33,"body":"don't know what it means, or"},{"speaker":"Victor Lagos","startTime":1673.33,"endTime":1676.33,"body":"what we mean by buffers, it's"},{"speaker":"Victor Lagos","startTime":1676.33,"endTime":1680.05,"body":"really just having a chunk of"},{"speaker":"Victor Lagos","startTime":1676.33,"endTime":1680.05,"body":"cash, whether that's savings or"},{"speaker":"Victor Lagos","startTime":1680.08,"endTime":1682.81,"body":"equity, that you've extracted"},{"speaker":"Victor Lagos","startTime":1680.08,"endTime":1682.81,"body":"from one of your properties that"},{"speaker":"Victor Lagos","startTime":1682.81,"endTime":1686.68,"body":"sits there as available money."},{"speaker":"Victor Lagos","startTime":1682.81,"endTime":1686.68,"body":"So that's there to cover the"},{"speaker":"Victor Lagos","startTime":1686.68,"endTime":1690.13,"body":"shortfall or the amount you're"},{"speaker":"Victor Lagos","startTime":1686.68,"endTime":1690.13,"body":"not able to cover from the rent"},{"speaker":"Victor Lagos","startTime":1690.13,"endTime":1693.88,"body":"that you're collecting. So if"},{"speaker":"Victor Lagos","startTime":1690.13,"endTime":1693.88,"body":"you can weather this period of"},{"speaker":"Victor Lagos","startTime":1693.88,"endTime":1697.3,"body":"rate rises, by having those"},{"speaker":"Victor Lagos","startTime":1693.88,"endTime":1697.3,"body":"buffers, then you're not going"},{"speaker":"Victor Lagos","startTime":1697.3,"endTime":1700.45,"body":"to have to chip in money out of"},{"speaker":"Victor Lagos","startTime":1697.3,"endTime":1700.45,"body":"pocket every month, every week,"},{"speaker":"Victor Lagos","startTime":1701.32,"endTime":1703.96,"body":"or cut back on you your"},{"speaker":"Victor Lagos","startTime":1701.32,"endTime":1703.96,"body":"lifestyle just to hold on to"},{"speaker":"Victor Lagos","startTime":1703.96,"endTime":1706.72,"body":"this property. So it's not going"},{"speaker":"Victor Lagos","startTime":1703.96,"endTime":1706.72,"body":"to add that pressure. And then"},{"speaker":"Victor Lagos","startTime":1706.72,"endTime":1711.82,"body":"what's what's going to happen is"},{"speaker":"Victor Lagos","startTime":1706.72,"endTime":1711.82,"body":"when inflation is, you know,"},{"speaker":"Victor Lagos","startTime":1711.85,"endTime":1714.67,"body":"slows down and when the interest"},{"speaker":"Victor Lagos","startTime":1711.85,"endTime":1714.67,"body":"rate environment starts to"},{"speaker":"Victor Lagos","startTime":1714.67,"endTime":1719.14,"body":"stabilize, and the narrative"},{"speaker":"Victor Lagos","startTime":1714.67,"endTime":1719.14,"body":"changes. Well, what's gonna"},{"speaker":"Victor Lagos","startTime":1719.14,"endTime":1722.2,"body":"happen, demand will increase"},{"speaker":"Victor Lagos","startTime":1719.14,"endTime":1722.2,"body":"what happens to prices?"},{"speaker":"Arjun Paliwal","startTime":1722.35,"endTime":1724.99,"body":"Totally. And if"},{"speaker":"Arjun Paliwal","startTime":1722.35,"endTime":1724.99,"body":"supply stays the way it is, then"},{"speaker":"Arjun Paliwal","startTime":1725.95,"endTime":1729.49,"body":"you just kind of come running"},{"speaker":"Arjun Paliwal","startTime":1725.95,"endTime":1729.49,"body":"into COVID 2.0. Yeah, of"},{"speaker":"Arjun Paliwal","startTime":1729.49,"endTime":1731.68,"body":"property boom, because supply is"},{"speaker":"Arjun Paliwal","startTime":1729.49,"endTime":1731.68,"body":"nowhere to be found. So"},{"speaker":"Victor Lagos","startTime":1731.71,"endTime":1734.17,"body":"yeah, we've got"},{"speaker":"Victor Lagos","startTime":1731.71,"endTime":1734.17,"body":"what how much people are now"},{"speaker":"Victor Lagos","startTime":1734.17,"endTime":1737.59,"body":"coming to Australia with with"},{"speaker":"Victor Lagos","startTime":1734.17,"endTime":1737.59,"body":"students coming back. China just"},{"speaker":"Victor Lagos","startTime":1737.59,"endTime":1741.22,"body":"changed the rules around"},{"speaker":"Victor Lagos","startTime":1737.59,"endTime":1741.22,"body":"university now needs to be face"},{"speaker":"Victor Lagos","startTime":1741.22,"endTime":1744.16,"body":"to face so they can't complete"},{"speaker":"Victor Lagos","startTime":1741.22,"endTime":1744.16,"body":"the degrees remotely like they"},{"speaker":"Victor Lagos","startTime":1744.16,"endTime":1747.4,"body":"were you got skilled migrants"},{"speaker":"Victor Lagos","startTime":1744.16,"endTime":1747.4,"body":"coming in. They all need places"},{"speaker":"Victor Lagos","startTime":1747.4,"endTime":1750.64,"body":"to live. Right. Look what's"},{"speaker":"Victor Lagos","startTime":1747.4,"endTime":1750.64,"body":"happening with the rental market"},{"speaker":"Victor Lagos","startTime":1750.64,"endTime":1751.21,"body":"at the moment."},{"speaker":"Arjun Paliwal","startTime":1751.45,"endTime":1755.05,"body":"Yeah, the rental"},{"speaker":"Arjun Paliwal","startTime":1751.45,"endTime":1755.05,"body":"demand is huge now. Contrary to"},{"speaker":"Arjun Paliwal","startTime":1755.05,"endTime":1758.08,"body":"other professional opinions, I"},{"speaker":"Arjun Paliwal","startTime":1755.05,"endTime":1758.08,"body":"don't think the migration is"},{"speaker":"Arjun Paliwal","startTime":1758.08,"endTime":1761.2,"body":"going to impact property prices."},{"speaker":"Arjun Paliwal","startTime":1758.08,"endTime":1761.2,"body":"I think it'll impact rental"},{"speaker":"Arjun Paliwal","startTime":1761.2,"endTime":1765.49,"body":"prices. And because I never want"},{"speaker":"Arjun Paliwal","startTime":1761.2,"endTime":1765.49,"body":"to be one of those guys where"},{"speaker":"Arjun Paliwal","startTime":1765.58,"endTime":1769.15,"body":"COVID shut down and I was like,"},{"speaker":"Arjun Paliwal","startTime":1765.58,"endTime":1769.15,"body":"No, we'll be fine with no"},{"speaker":"Arjun Paliwal","startTime":1769.15,"endTime":1773.32,"body":"migrants and then go COVID not"},{"speaker":"Arjun Paliwal","startTime":1769.15,"endTime":1773.32,"body":"here anymore and migrants are in"},{"speaker":"Arjun Paliwal","startTime":1773.38,"endTime":1775.72,"body":"all migrants are great part of"},{"speaker":"Arjun Paliwal","startTime":1773.38,"endTime":1775.72,"body":"the journey has been a killer"},{"speaker":"Arjun Paliwal","startTime":1775.72,"endTime":1778.36,"body":"because migrants are coming in."},{"speaker":"Arjun Paliwal","startTime":1775.72,"endTime":1778.36,"body":"No The truth is they don't"},{"speaker":"Arjun Paliwal","startTime":1778.36,"endTime":1781.96,"body":"influence property buying in the"},{"speaker":"Arjun Paliwal","startTime":1778.36,"endTime":1781.96,"body":"short term. If if you have"},{"speaker":"Arjun Paliwal","startTime":1781.96,"endTime":1785.5,"body":"family members that came off a"},{"speaker":"Arjun Paliwal","startTime":1781.96,"endTime":1785.5,"body":"plane and said give me my piece"},{"speaker":"Arjun Paliwal","startTime":1785.5,"endTime":1788.95,"body":"of Sydney where are you at? Or"},{"speaker":"Arjun Paliwal","startTime":1785.5,"endTime":1788.95,"body":"I'm coming to Brisbane neither"},{"speaker":"Arjun Paliwal","startTime":1788.95,"endTime":1792.85,"body":"house there move away locals"},{"speaker":"Arjun Paliwal","startTime":1788.95,"endTime":1792.85,"body":"it's my time. I cobalt that"},{"speaker":"Arjun Paliwal","startTime":1792.85,"endTime":1795.19,"body":"doesn't happen a lot. I mean"},{"speaker":"Arjun Paliwal","startTime":1792.85,"endTime":1795.19,"body":"most people coming in are"},{"speaker":"Arjun Paliwal","startTime":1795.31,"endTime":1799.93,"body":"searching for community"},{"speaker":"Arjun Paliwal","startTime":1795.31,"endTime":1799.93,"body":"searching for a place to see"},{"speaker":"Arjun Paliwal","startTime":1799.93,"endTime":1803.32,"body":"Where their family may feel like"},{"speaker":"Arjun Paliwal","startTime":1799.93,"endTime":1803.32,"body":"they like don't like searching"},{"speaker":"Arjun Paliwal","startTime":1803.32,"endTime":1807.22,"body":"for jobs, opportunities. So I"},{"speaker":"Arjun Paliwal","startTime":1803.32,"endTime":1807.22,"body":"think migration will probably do"},{"speaker":"Arjun Paliwal","startTime":1807.22,"endTime":1810.52,"body":"two three things. One is help"},{"speaker":"Arjun Paliwal","startTime":1807.22,"endTime":1810.52,"body":"some spending. Secondly is"},{"speaker":"Arjun Paliwal","startTime":1810.52,"endTime":1813.04,"body":"probably increase unemployment"},{"speaker":"Arjun Paliwal","startTime":1810.52,"endTime":1813.04,"body":"because more people looking for"},{"speaker":"Arjun Paliwal","startTime":1813.04,"endTime":1816.85,"body":"jobs, not everyone comes in"},{"speaker":"Arjun Paliwal","startTime":1813.04,"endTime":1816.85,"body":"searching on having a job. And"},{"speaker":"Arjun Paliwal","startTime":1816.85,"endTime":1819.34,"body":"then the third thing is, don't"},{"speaker":"Arjun Paliwal","startTime":1816.85,"endTime":1819.34,"body":"naturally increase rental"},{"speaker":"Arjun Paliwal","startTime":1819.34,"endTime":1822.94,"body":"prices, because granite"},{"speaker":"Arjun Paliwal","startTime":1819.34,"endTime":1822.94,"body":"Institute lease data, I think"},{"speaker":"Arjun Paliwal","startTime":1822.94,"endTime":1826.42,"body":"was around 2018 19. This data"},{"speaker":"Arjun Paliwal","startTime":1822.94,"endTime":1826.42,"body":"came out or just after it, but"},{"speaker":"Arjun Paliwal","startTime":1826.42,"endTime":1829.75,"body":"they reviewed data to say that"},{"speaker":"Arjun Paliwal","startTime":1826.42,"endTime":1829.75,"body":"four years was the typical time"},{"speaker":"Arjun Paliwal","startTime":1829.75,"endTime":1833.74,"body":"on average, where people would"},{"speaker":"Arjun Paliwal","startTime":1829.75,"endTime":1833.74,"body":"rent post moving in, so post"},{"speaker":"Arjun Paliwal","startTime":1833.74,"endTime":1836.35,"body":"moving into Australia. So that"},{"speaker":"Arjun Paliwal","startTime":1833.74,"endTime":1836.35,"body":"means there's probably a delayed"},{"speaker":"Arjun Paliwal","startTime":1836.35,"endTime":1839.41,"body":"cycle, firstly, of that"},{"speaker":"Arjun Paliwal","startTime":1836.35,"endTime":1839.41,"body":"migration activity in prices."},{"speaker":"Arjun Paliwal","startTime":1839.62,"endTime":1842.23,"body":"But no doubt, if a whole bunch"},{"speaker":"Arjun Paliwal","startTime":1839.62,"endTime":1842.23,"body":"of people are coming to rent"},{"speaker":"Arjun Paliwal","startTime":1842.29,"endTime":1846.55,"body":"rents go up, rents are also then"},{"speaker":"Arjun Paliwal","startTime":1842.29,"endTime":1846.55,"body":"being questioned by homeowners"},{"speaker":"Arjun Paliwal","startTime":1846.58,"endTime":1850.09,"body":"or renters versus buying a home."},{"speaker":"Arjun Paliwal","startTime":1846.58,"endTime":1850.09,"body":"And also investors are going to"},{"speaker":"Arjun Paliwal","startTime":1850.09,"endTime":1852.64,"body":"be more attractive by the yields"},{"speaker":"Arjun Paliwal","startTime":1850.09,"endTime":1852.64,"body":"and offer because the rents rise"},{"speaker":"Arjun Paliwal","startTime":1852.64,"endTime":1854.8,"body":"and interest rates are probably"},{"speaker":"Arjun Paliwal","startTime":1852.64,"endTime":1854.8,"body":"come down. So still an"},{"speaker":"Arjun Paliwal","startTime":1854.8,"endTime":1858.01,"body":"influential impact. But now you"},{"speaker":"Arjun Paliwal","startTime":1854.8,"endTime":1858.01,"body":"won't hear me saying migrations"},{"speaker":"Arjun Paliwal","startTime":1858.01,"endTime":1860.17,"body":"come in prices are rising. I'll"},{"speaker":"Arjun Paliwal","startTime":1858.01,"endTime":1860.17,"body":"be saying, Look, migration is"},{"speaker":"Arjun Paliwal","startTime":1860.17,"endTime":1861.73,"body":"coming. Rents are rising. Yeah."},{"speaker":"Victor Lagos","startTime":1862.09,"endTime":1864.1,"body":"But look, I guess"},{"speaker":"Victor Lagos","startTime":1862.09,"endTime":1864.1,"body":"what that's also doing, it's"},{"speaker":"Victor Lagos","startTime":1864.1,"endTime":1867.82,"body":"having an impact on affordable"},{"speaker":"Victor Lagos","startTime":1864.1,"endTime":1867.82,"body":"housing in Australia. Right. I"},{"speaker":"Victor Lagos","startTime":1867.82,"endTime":1871.45,"body":"think I heard you mentioned."},{"speaker":"Victor Lagos","startTime":1867.82,"endTime":1871.45,"body":"Some markets consider, you know,"},{"speaker":"Victor Lagos","startTime":1871.57,"endTime":1877.78,"body":"30% or less of your net income,"},{"speaker":"Victor Lagos","startTime":1871.57,"endTime":1877.78,"body":"considered affordable housing,"},{"speaker":"Victor Lagos","startTime":1877.81,"endTime":1881.77,"body":"others are closer to 40. With"},{"speaker":"Victor Lagos","startTime":1877.81,"endTime":1881.77,"body":"the rates the way they are and"},{"speaker":"Victor Lagos","startTime":1881.77,"endTime":1884.83,"body":"where they're going. We're"},{"speaker":"Victor Lagos","startTime":1881.77,"endTime":1884.83,"body":"cracking over that 40% mark for"},{"speaker":"Victor Lagos","startTime":1884.83,"endTime":1885.52,"body":"a lot of people, right?"},{"speaker":"Arjun Paliwal","startTime":1885.79,"endTime":1888.13,"body":"Yeah, there's"},{"speaker":"Arjun Paliwal","startTime":1885.79,"endTime":1888.13,"body":"going to be a lot of change in"},{"speaker":"Arjun Paliwal","startTime":1888.13,"endTime":1891.91,"body":"that metric in house looking. I"},{"speaker":"Arjun Paliwal","startTime":1888.13,"endTime":1891.91,"body":"mean, we run a white paper in"},{"speaker":"Arjun Paliwal","startTime":1891.91,"endTime":1896.44,"body":"December 2021. It was called"},{"speaker":"Arjun Paliwal","startTime":1891.91,"endTime":1896.44,"body":"overvalued, undervalued. And we"},{"speaker":"Arjun Paliwal","startTime":1896.44,"endTime":1900.46,"body":"use a mortgage repayment to"},{"speaker":"Arjun Paliwal","startTime":1896.44,"endTime":1900.46,"body":"income methodology, and try to"},{"speaker":"Arjun Paliwal","startTime":1900.46,"endTime":1904.09,"body":"then attach it to prices to see"},{"speaker":"Arjun Paliwal","startTime":1900.46,"endTime":1904.09,"body":"if prices would therefore have"},{"speaker":"Arjun Paliwal","startTime":1904.09,"endTime":1909.73,"body":"to rise by X percent to equal"},{"speaker":"Arjun Paliwal","startTime":1904.09,"endTime":1909.73,"body":"fair value, or fall by X percent"},{"speaker":"Arjun Paliwal","startTime":1909.73,"endTime":1912.73,"body":"to equal fair value. If it was"},{"speaker":"Arjun Paliwal","startTime":1909.73,"endTime":1912.73,"body":"on the fall equation. It was"},{"speaker":"Arjun Paliwal","startTime":1912.73,"endTime":1914.59,"body":"overvalued. If it was on the"},{"speaker":"Arjun Paliwal","startTime":1912.73,"endTime":1914.59,"body":"rise equation, it was"},{"speaker":"Arjun Paliwal","startTime":1914.59,"endTime":1920.02,"body":"undervalued. And so I believe we"},{"speaker":"Arjun Paliwal","startTime":1914.59,"endTime":1920.02,"body":"had 18 of 25 of Australia's"},{"speaker":"Arjun Paliwal","startTime":1920.02,"endTime":1924.7,"body":"largest non capital regions be"},{"speaker":"Arjun Paliwal","startTime":1920.02,"endTime":1924.7,"body":"undervalued in 2021, December,"},{"speaker":"Arjun Paliwal","startTime":1925.3,"endTime":1929.56,"body":"that is now dropped to nine of"},{"speaker":"Arjun Paliwal","startTime":1925.3,"endTime":1929.56,"body":"25. So pretty much half. So it"},{"speaker":"Arjun Paliwal","startTime":1929.56,"endTime":1931.75,"body":"does mean firstly two things."},{"speaker":"Arjun Paliwal","startTime":1929.56,"endTime":1931.75,"body":"One is this still undervalued"},{"speaker":"Arjun Paliwal","startTime":1931.75,"endTime":1935.23,"body":"location, so let's not assume"},{"speaker":"Arjun Paliwal","startTime":1931.75,"endTime":1935.23,"body":"that you can't find undervalued"},{"speaker":"Arjun Paliwal","startTime":1935.23,"endTime":1939.4,"body":"assets from an income to to rent"},{"speaker":"Arjun Paliwal","startTime":1935.23,"endTime":1939.4,"body":"some repayments. But there is a"},{"speaker":"Arjun Paliwal","startTime":1939.4,"endTime":1942.94,"body":"lot of overvalue there has"},{"speaker":"Arjun Paliwal","startTime":1939.4,"endTime":1942.94,"body":"shifted, and meaning repayments"},{"speaker":"Arjun Paliwal","startTime":1942.94,"endTime":1945.82,"body":"and rents for the average or"},{"speaker":"Arjun Paliwal","startTime":1942.94,"endTime":1945.82,"body":"median how everyone looked at it"},{"speaker":"Arjun Paliwal","startTime":1946.6,"endTime":1949.63,"body":"will be difficult, but naturally"},{"speaker":"Arjun Paliwal","startTime":1946.6,"endTime":1949.63,"body":"is people who are okay above it,"},{"speaker":"Arjun Paliwal","startTime":1949.63,"endTime":1952.6,"body":"people are below it. I want to"},{"speaker":"Arjun Paliwal","startTime":1949.63,"endTime":1952.6,"body":"make a call and maybe something"},{"speaker":"Arjun Paliwal","startTime":1952.6,"endTime":1956.92,"body":"more long term in Australia, I'm"},{"speaker":"Arjun Paliwal","startTime":1952.6,"endTime":1956.92,"body":"not so much now on the overvalue"},{"speaker":"Arjun Paliwal","startTime":1956.92,"endTime":1960.88,"body":"undervalue. I think that the 30%"},{"speaker":"Arjun Paliwal","startTime":1956.92,"endTime":1960.88,"body":"is probably going to get thrown"},{"speaker":"Arjun Paliwal","startTime":1960.88,"endTime":1964.84,"body":"out at some point in the future."},{"speaker":"Arjun Paliwal","startTime":1960.88,"endTime":1964.84,"body":"It's a global benchmark, but"},{"speaker":"Arjun Paliwal","startTime":1964.84,"endTime":1967.18,"body":"it's not really a global"},{"speaker":"Arjun Paliwal","startTime":1964.84,"endTime":1967.18,"body":"benchmark. So you know, what I"},{"speaker":"Arjun Paliwal","startTime":1967.18,"endTime":1969.46,"body":"mean by that is there are many"},{"speaker":"Arjun Paliwal","startTime":1967.18,"endTime":1969.46,"body":"countries, if you go across many"},{"speaker":"Arjun Paliwal","startTime":1969.46,"endTime":1973.03,"body":"parts of Asia, it's normal to be"},{"speaker":"Arjun Paliwal","startTime":1969.46,"endTime":1973.03,"body":"on 40%. And so I just think that"},{"speaker":"Arjun Paliwal","startTime":1973.03,"endTime":1975.88,"body":"we might look at it differently"},{"speaker":"Arjun Paliwal","startTime":1973.03,"endTime":1975.88,"body":"to go, hey, it's normal to pay a"},{"speaker":"Arjun Paliwal","startTime":1975.88,"endTime":1978.28,"body":"lot more rent because we have"},{"speaker":"Arjun Paliwal","startTime":1975.88,"endTime":1978.28,"body":"scarce housing, and that's how"},{"speaker":"Arjun Paliwal","startTime":1978.28,"endTime":1982.33,"body":"it is. So I don't think 30% or"},{"speaker":"Arjun Paliwal","startTime":1978.28,"endTime":1982.33,"body":"33% is a benchmark, we'll be"},{"speaker":"Arjun Paliwal","startTime":1982.33,"endTime":1982.9,"body":"here forever."},{"speaker":"Victor Lagos","startTime":1984.31,"endTime":1986.62,"body":"And of course,"},{"speaker":"Victor Lagos","startTime":1984.31,"endTime":1986.62,"body":"you're comparing global city"},{"speaker":"Victor Lagos","startTime":1986.62,"endTime":1989.56,"body":"like Sydney or Melbourne, right."},{"speaker":"Victor Lagos","startTime":1986.62,"endTime":1989.56,"body":"But when you look at, you know,"},{"speaker":"Victor Lagos","startTime":1989.59,"endTime":1993.7,"body":"other parts of Australia, we're"},{"speaker":"Victor Lagos","startTime":1989.59,"endTime":1993.7,"body":"probably aren't that 30% or"},{"speaker":"Victor Lagos","startTime":1993.7,"endTime":1994.21,"body":"below, right?"},{"speaker":"Arjun Paliwal","startTime":1994.51,"endTime":1997.33,"body":"Yeah, look at"},{"speaker":"Arjun Paliwal","startTime":1994.51,"endTime":1997.33,"body":"this many below. Some still a"},{"speaker":"Arjun Paliwal","startTime":1997.33,"endTime":1999.88,"body":"lot with lots deliver, I think"},{"speaker":"Arjun Paliwal","startTime":1997.33,"endTime":1999.88,"body":"there's variance in local"},{"speaker":"Arjun Paliwal","startTime":1999.88,"endTime":2001.77,"body":"incomes. But there's also"},{"speaker":"Arjun Paliwal","startTime":1999.88,"endTime":2001.77,"body":"variance and local prices,"},{"speaker":"Arjun Paliwal","startTime":2001.77,"endTime":2005.4,"body":"right? Sometimes we think"},{"speaker":"Arjun Paliwal","startTime":2001.77,"endTime":2005.4,"body":"because of Sydney's income being"},{"speaker":"Arjun Paliwal","startTime":2005.4,"endTime":2009.12,"body":"high. As a result, it must be"},{"speaker":"Arjun Paliwal","startTime":2005.4,"endTime":2009.12,"body":"okay for affordability. Not"},{"speaker":"Arjun Paliwal","startTime":2009.12,"endTime":2012.21,"body":"really, it's actually worse off"},{"speaker":"Arjun Paliwal","startTime":2009.12,"endTime":2012.21,"body":"even with higher incomes, just"},{"speaker":"Arjun Paliwal","startTime":2012.21,"endTime":2015.75,"body":"because the prices are that much"},{"speaker":"Arjun Paliwal","startTime":2012.21,"endTime":2015.75,"body":"higher. And so there are places"},{"speaker":"Arjun Paliwal","startTime":2015.75,"endTime":2017.97,"body":"where people might have lower"},{"speaker":"Arjun Paliwal","startTime":2015.75,"endTime":2017.97,"body":"incomes and still have greater"},{"speaker":"Arjun Paliwal","startTime":2017.97,"endTime":2020.49,"body":"affordability. And that's the"},{"speaker":"Arjun Paliwal","startTime":2017.97,"endTime":2020.49,"body":"relative concept that we look"},{"speaker":"Arjun Paliwal","startTime":2020.49,"endTime":2023.94,"body":"at. And I think that's going to"},{"speaker":"Arjun Paliwal","startTime":2020.49,"endTime":2023.94,"body":"be probably an opportunity for"},{"speaker":"Arjun Paliwal","startTime":2023.94,"endTime":2027.96,"body":"many other cities to become more"},{"speaker":"Arjun Paliwal","startTime":2023.94,"endTime":2027.96,"body":"attractive, because they're"},{"speaker":"Arjun Paliwal","startTime":2027.96,"endTime":2031.17,"body":"attractive in the form of the"},{"speaker":"Arjun Paliwal","startTime":2027.96,"endTime":2031.17,"body":"housing affordability, they're"},{"speaker":"Arjun Paliwal","startTime":2031.17,"endTime":2034.47,"body":"now more attractive in the fact"},{"speaker":"Arjun Paliwal","startTime":2031.17,"endTime":2034.47,"body":"that the globe is OK with"},{"speaker":"Arjun Paliwal","startTime":2034.47,"endTime":2038.43,"body":"accepting work in different"},{"speaker":"Arjun Paliwal","startTime":2034.47,"endTime":2038.43,"body":"locations. And then if we can"},{"speaker":"Arjun Paliwal","startTime":2038.43,"endTime":2042.51,"body":"continue to stay visionary with"},{"speaker":"Arjun Paliwal","startTime":2038.43,"endTime":2042.51,"body":"our infrastructure, our policies"},{"speaker":"Arjun Paliwal","startTime":2042.51,"endTime":2045.6,"body":"and so forth, then it helps"},{"speaker":"Arjun Paliwal","startTime":2042.51,"endTime":2045.6,"body":"create more cities. But the"},{"speaker":"Arjun Paliwal","startTime":2045.6,"endTime":2047.67,"body":"problem we have in Australia"},{"speaker":"Arjun Paliwal","startTime":2045.6,"endTime":2047.67,"body":"with that, it's just that"},{"speaker":"Arjun Paliwal","startTime":2047.73,"endTime":2050.22,"body":"political terms are probably too"},{"speaker":"Arjun Paliwal","startTime":2047.73,"endTime":2050.22,"body":"short, and they're probably too"},{"speaker":"Arjun Paliwal","startTime":2050.22,"endTime":2053.4,"body":"volatile. And so no one can"},{"speaker":"Arjun Paliwal","startTime":2050.22,"endTime":2053.4,"body":"really focus on big long term"},{"speaker":"Arjun Paliwal","startTime":2053.4,"endTime":2055.65,"body":"stuff. And when they do they"},{"speaker":"Arjun Paliwal","startTime":2053.4,"endTime":2055.65,"body":"probably get axed by the time"},{"speaker":"Arjun Paliwal","startTime":2055.98,"endTime":2058.32,"body":"they're about to put it on the"},{"speaker":"Arjun Paliwal","startTime":2055.98,"endTime":2058.32,"body":"market and make it happen. So,"},{"speaker":"Victor Lagos","startTime":2058.56,"endTime":2061.08,"body":"Yeah, it happens a"},{"speaker":"Victor Lagos","startTime":2058.56,"endTime":2061.08,"body":"lot. I mean, they had the"},{"speaker":"Victor Lagos","startTime":2061.17,"endTime":2064.47,"body":"changes in Queensland with the"},{"speaker":"Victor Lagos","startTime":2061.17,"endTime":2064.47,"body":"way they were going to charge"},{"speaker":"Victor Lagos","startTime":2064.47,"endTime":2068.1,"body":"land tax based on your overall"},{"speaker":"Victor Lagos","startTime":2064.47,"endTime":2068.1,"body":"holdings across Australia, a"},{"speaker":"Arjun Paliwal","startTime":2068.31,"endTime":2070.74,"body":"Lot of knee jerk"},{"speaker":"Arjun Paliwal","startTime":2068.31,"endTime":2070.74,"body":"thinking, Yes, that's strategy"},{"speaker":"Arjun Paliwal","startTime":2070.74,"endTime":2073.92,"body":"doesn't seem to be a big thing"},{"speaker":"Arjun Paliwal","startTime":2070.74,"endTime":2073.92,"body":"there. But when you do check out"},{"speaker":"Arjun Paliwal","startTime":2073.92,"endTime":2078.42,"body":"the most recent white paper on"},{"speaker":"Arjun Paliwal","startTime":2073.92,"endTime":2078.42,"body":"infrastructure booms, there's a"},{"speaker":"Arjun Paliwal","startTime":2078.42,"endTime":2081.03,"body":"lot happening. It's huge amounts"},{"speaker":"Arjun Paliwal","startTime":2078.42,"endTime":2081.03,"body":"of infrastructure. And I think"},{"speaker":"Arjun Paliwal","startTime":2081.03,"endTime":2083.37,"body":"that's what people are going to"},{"speaker":"Arjun Paliwal","startTime":2081.03,"endTime":2083.37,"body":"miss out on over the next couple"},{"speaker":"Arjun Paliwal","startTime":2083.37,"endTime":2086.55,"body":"of years, not so much from our"},{"speaker":"Arjun Paliwal","startTime":2083.37,"endTime":2086.55,"body":"this will now tenfold pricing,"},{"speaker":"Arjun Paliwal","startTime":2086.67,"endTime":2089.94,"body":"but from analyzing it as part of"},{"speaker":"Arjun Paliwal","startTime":2086.67,"endTime":2089.94,"body":"the decision making thing people"},{"speaker":"Arjun Paliwal","startTime":2089.94,"endTime":2091.89,"body":"are just really thinking the"},{"speaker":"Arjun Paliwal","startTime":2089.94,"endTime":2091.89,"body":"next 12 months and interest"},{"speaker":"Arjun Paliwal","startTime":2091.89,"endTime":2095.1,"body":"rates winds that go down Windsor"},{"speaker":"Arjun Paliwal","startTime":2091.89,"endTime":2095.1,"body":"come back up without realizing"},{"speaker":"Arjun Paliwal","startTime":2095.1,"endTime":2097.71,"body":"that we're experiencing one of"},{"speaker":"Arjun Paliwal","startTime":2095.1,"endTime":2097.71,"body":"the biggest jobs boom, and more"},{"speaker":"Arjun Paliwal","startTime":2097.71,"endTime":2100.26,"body":"jobs are going to be coming up"},{"speaker":"Arjun Paliwal","startTime":2097.71,"endTime":2100.26,"body":"after we go through this Up and"},{"speaker":"Arjun Paliwal","startTime":2100.26,"endTime":2103.17,"body":"down, unemployment shift,"},{"speaker":"Arjun Paliwal","startTime":2100.26,"endTime":2103.17,"body":"because of all the projects in"},{"speaker":"Arjun Paliwal","startTime":2103.17,"endTime":2103.56,"body":"pipeline,"},{"speaker":"Victor Lagos","startTime":2104.04,"endTime":2106.59,"body":"Sounds like it's"},{"speaker":"Victor Lagos","startTime":2104.04,"endTime":2106.59,"body":"more opportunity than anything"},{"speaker":"Victor Lagos","startTime":2106.59,"endTime":2110.34,"body":"else right now, just gotta get"},{"speaker":"Victor Lagos","startTime":2106.59,"endTime":2110.34,"body":"the numbers, right? And get the"},{"speaker":"Victor Lagos","startTime":2110.34,"endTime":2113.34,"body":"mindset right and get, obviously"},{"speaker":"Victor Lagos","startTime":2110.34,"endTime":2113.34,"body":"the right team around you and"},{"speaker":"Victor Lagos","startTime":2113.34,"endTime":2116.91,"body":"the right strategies to execute."},{"speaker":"Victor Lagos","startTime":2113.34,"endTime":2116.91,"body":"And obviously, you know, to"},{"speaker":"Victor Lagos","startTime":2116.94,"endTime":2121.14,"body":"minimize your risks. So I have"},{"speaker":"Victor Lagos","startTime":2116.94,"endTime":2121.14,"body":"one last question I want to ask"},{"speaker":"Victor Lagos","startTime":2121.14,"endTime":2125.64,"body":"you, which is a little bit more"},{"speaker":"Victor Lagos","startTime":2121.14,"endTime":2125.64,"body":"about your personal experience,"},{"speaker":"Victor Lagos","startTime":2126.03,"endTime":2129.33,"body":"what lessons have you learned"},{"speaker":"Victor Lagos","startTime":2126.03,"endTime":2129.33,"body":"along your personal investment"},{"speaker":"Victor Lagos","startTime":2129.33,"endTime":2132.84,"body":"journey that you would have done"},{"speaker":"Victor Lagos","startTime":2129.33,"endTime":2132.84,"body":"differently in hindsight?"},{"speaker":"Arjun Paliwal","startTime":2134.19,"endTime":2136.14,"body":"Differently?"},{"speaker":"Arjun Paliwal","startTime":2134.19,"endTime":2136.14,"body":"Definitely, this is a, this is a"},{"speaker":"Arjun Paliwal","startTime":2136.14,"endTime":2139.83,"body":"tough one, I think that the"},{"speaker":"Arjun Paliwal","startTime":2136.14,"endTime":2139.83,"body":"biggest learning I've had in"},{"speaker":"Arjun Paliwal","startTime":2139.83,"endTime":2143.91,"body":"recent times has been the"},{"speaker":"Arjun Paliwal","startTime":2139.83,"endTime":2143.91,"body":"importance of an asset base. And"},{"speaker":"Arjun Paliwal","startTime":2143.91,"endTime":2147.69,"body":"people can sometimes go into"},{"speaker":"Arjun Paliwal","startTime":2143.91,"endTime":2147.69,"body":"this world of perfection about a"},{"speaker":"Arjun Paliwal","startTime":2147.69,"endTime":2152.34,"body":"property versus how much pool of"},{"speaker":"Arjun Paliwal","startTime":2147.69,"endTime":2152.34,"body":"dollars you have to form an"},{"speaker":"Arjun Paliwal","startTime":2152.34,"endTime":2156.09,"body":"asset base, I'll give you an"},{"speaker":"Arjun Paliwal","startTime":2152.34,"endTime":2156.09,"body":"example. $2.5 million, growing"},{"speaker":"Arjun Paliwal","startTime":2156.09,"endTime":2162.99,"body":"at 10% is 250. K $5 million,"},{"speaker":"Arjun Paliwal","startTime":2156.09,"endTime":2162.99,"body":"growing at 5% is 250. K $10"},{"speaker":"Arjun Paliwal","startTime":2162.99,"endTime":2168.69,"body":"million, growing at 2.5% is 250."},{"speaker":"Arjun Paliwal","startTime":2162.99,"endTime":2168.69,"body":"K. So see how life gets easier?"},{"speaker":"Arjun Paliwal","startTime":2169.2,"endTime":2172.74,"body":"Now, the key there is that long"},{"speaker":"Arjun Paliwal","startTime":2169.2,"endTime":2172.74,"body":"term averages in Australia is"},{"speaker":"Arjun Paliwal","startTime":2172.74,"endTime":2178.02,"body":"between five and 8%. So if you"},{"speaker":"Arjun Paliwal","startTime":2172.74,"endTime":2178.02,"body":"look at that 90% of all local"},{"speaker":"Arjun Paliwal","startTime":2178.02,"endTime":2182.67,"body":"government areas, so pretty much"},{"speaker":"Arjun Paliwal","startTime":2178.02,"endTime":2182.67,"body":"everywhere, did 5% or more in"},{"speaker":"Arjun Paliwal","startTime":2182.67,"endTime":2184.98,"body":"compound growth over the last 20"},{"speaker":"Arjun Paliwal","startTime":2182.67,"endTime":2184.98,"body":"years? So that city that you"},{"speaker":"Arjun Paliwal","startTime":2184.98,"endTime":2187.59,"body":"think, Oh, what are the"},{"speaker":"Arjun Paliwal","startTime":2184.98,"endTime":2187.59,"body":"fundamentals? What's driving it?"},{"speaker":"Arjun Paliwal","startTime":2188.31,"endTime":2193.62,"body":"Is it really good with the jobs,"},{"speaker":"Arjun Paliwal","startTime":2188.31,"endTime":2193.62,"body":"nine 90% of local government"},{"speaker":"Arjun Paliwal","startTime":2193.62,"endTime":2197.64,"body":"areas, 20 years CoreLogic"},{"speaker":"Arjun Paliwal","startTime":2193.62,"endTime":2197.64,"body":"achieve 5% or more. So whatever"},{"speaker":"Arjun Paliwal","startTime":2197.64,"endTime":2201.03,"body":"you you may think you know about"},{"speaker":"Arjun Paliwal","startTime":2197.64,"endTime":2201.03,"body":"property market, you probably"},{"speaker":"Arjun Paliwal","startTime":2201.06,"endTime":2204.87,"body":"don't know a lot, considering so"},{"speaker":"Arjun Paliwal","startTime":2201.06,"endTime":2204.87,"body":"many locations, you might be"},{"speaker":"Arjun Paliwal","startTime":2204.87,"endTime":2208.41,"body":"easy to talk down to achieve"},{"speaker":"Arjun Paliwal","startTime":2204.87,"endTime":2208.41,"body":"that. So when I realized that, I"},{"speaker":"Arjun Paliwal","startTime":2208.41,"endTime":2211.62,"body":"realized that the game is just"},{"speaker":"Arjun Paliwal","startTime":2208.41,"endTime":2211.62,"body":"about doing three things, a"},{"speaker":"Arjun Paliwal","startTime":2211.65,"endTime":2215.79,"body":"building, the biggest asset base"},{"speaker":"Arjun Paliwal","startTime":2211.65,"endTime":2215.79,"body":"at the fastest you can be is"},{"speaker":"Arjun Paliwal","startTime":2215.79,"endTime":2218.64,"body":"making sure you don't stuff it"},{"speaker":"Arjun Paliwal","startTime":2215.79,"endTime":2218.64,"body":"up and have cash to be able to"},{"speaker":"Arjun Paliwal","startTime":2218.64,"endTime":2221.82,"body":"hold them through whatever"},{"speaker":"Arjun Paliwal","startTime":2218.64,"endTime":2221.82,"body":"periods and then see is hold it"},{"speaker":"Arjun Paliwal","startTime":2221.82,"endTime":2224.64,"body":"long enough and get rid of a"},{"speaker":"Arjun Paliwal","startTime":2221.82,"endTime":2224.64,"body":"couple or earn enough to get rid"},{"speaker":"Arjun Paliwal","startTime":2224.64,"endTime":2227.25,"body":"of the debt. So you don't have"},{"speaker":"Arjun Paliwal","startTime":2224.64,"endTime":2227.25,"body":"to get rid of a couple. And"},{"speaker":"Arjun Paliwal","startTime":2227.25,"endTime":2230.91,"body":"you're left over with a bunch of"},{"speaker":"Arjun Paliwal","startTime":2227.25,"endTime":2230.91,"body":"assets, a lot of income, a lot"},{"speaker":"Arjun Paliwal","startTime":2230.91,"endTime":2233.19,"body":"of diversity and little to no"},{"speaker":"Arjun Paliwal","startTime":2230.91,"endTime":2233.19,"body":"risk. If you follow those three"},{"speaker":"Arjun Paliwal","startTime":2233.19,"endTime":2236.85,"body":"principles. And life does get"},{"speaker":"Arjun Paliwal","startTime":2233.19,"endTime":2236.85,"body":"easier, the more you own, it"},{"speaker":"Arjun Paliwal","startTime":2236.85,"endTime":2240.6,"body":"doesn't get harder, it's harder"},{"speaker":"Arjun Paliwal","startTime":2236.85,"endTime":2240.6,"body":"for those for the first. And"},{"speaker":"Arjun Paliwal","startTime":2240.6,"endTime":2243.18,"body":"it's harder for those who think"},{"speaker":"Arjun Paliwal","startTime":2240.6,"endTime":2243.18,"body":"small and think they can achieve"},{"speaker":"Arjun Paliwal","startTime":2243.18,"endTime":2245.82,"body":"everything with two or three."},{"speaker":"Arjun Paliwal","startTime":2243.18,"endTime":2245.82,"body":"The truth is it just doesn't"},{"speaker":"Arjun Paliwal","startTime":2245.82,"endTime":2248.34,"body":"happen. You need a lot of time"},{"speaker":"Arjun Paliwal","startTime":2245.82,"endTime":2248.34,"body":"in the game to make two or three"},{"speaker":"Arjun Paliwal","startTime":2248.34,"endTime":2251.7,"body":"properties massively achieve"},{"speaker":"Arjun Paliwal","startTime":2248.34,"endTime":2251.7,"body":"your income goals. So that's"},{"speaker":"Arjun Paliwal","startTime":2251.7,"endTime":2254.58,"body":"where I do think from a"},{"speaker":"Arjun Paliwal","startTime":2251.7,"endTime":2254.58,"body":"perspective of learning, double"},{"speaker":"Arjun Paliwal","startTime":2254.58,"endTime":2258.66,"body":"down on the asset base building,"},{"speaker":"Arjun Paliwal","startTime":2254.58,"endTime":2258.66,"body":"if I can get it to 15 mil 20"},{"speaker":"Arjun Paliwal","startTime":2258.66,"endTime":2262.95,"body":"mil, five mil whatever that"},{"speaker":"Arjun Paliwal","startTime":2258.66,"endTime":2262.95,"body":"number is for you. It is easier"},{"speaker":"Arjun Paliwal","startTime":2262.98,"endTime":2265.53,"body":"because of the long term"},{"speaker":"Arjun Paliwal","startTime":2262.98,"endTime":2265.53,"body":"averages a 5% plus and you only"},{"speaker":"Arjun Paliwal","startTime":2265.53,"endTime":2269.07,"body":"need to to hit your goal or"},{"speaker":"Arjun Paliwal","startTime":2265.53,"endTime":2269.07,"body":"three to hit your goal. make"},{"speaker":"Arjun Paliwal","startTime":2269.07,"endTime":2269.61,"body":"life easier."},{"speaker":"Victor Lagos","startTime":2269.88,"endTime":2273.66,"body":"Yeah, that's,"},{"speaker":"Victor Lagos","startTime":2269.88,"endTime":2273.66,"body":"that's powerful. I think it's"},{"speaker":"Victor Lagos","startTime":2273.66,"endTime":2278.28,"body":"important for people to have"},{"speaker":"Victor Lagos","startTime":2273.66,"endTime":2278.28,"body":"that long term view and think"},{"speaker":"Victor Lagos","startTime":2278.28,"endTime":2281.46,"body":"about growing that asset base,"},{"speaker":"Victor Lagos","startTime":2278.28,"endTime":2281.46,"body":"but work within your means"},{"speaker":"Victor Lagos","startTime":2281.46,"endTime":2283.68,"body":"what's possible. And if you want"},{"speaker":"Victor Lagos","startTime":2281.46,"endTime":2283.68,"body":"to know what's actually"},{"speaker":"Victor Lagos","startTime":2283.68,"endTime":2287.55,"body":"possible, talk to your mortgage"},{"speaker":"Victor Lagos","startTime":2283.68,"endTime":2287.55,"body":"broker, connect with me, I can"},{"speaker":"Victor Lagos","startTime":2287.55,"endTime":2290.01,"body":"run the numbers, what's your"},{"speaker":"Victor Lagos","startTime":2287.55,"endTime":2290.01,"body":"borrowing capacity? What's your"},{"speaker":"Victor Lagos","startTime":2290.01,"endTime":2292.77,"body":"buying power? How much equity"},{"speaker":"Victor Lagos","startTime":2290.01,"endTime":2292.77,"body":"can you extract to grow the"},{"speaker":"Victor Lagos","startTime":2292.77,"endTime":2295.32,"body":"portfolio? Because you need to"},{"speaker":"Victor Lagos","startTime":2292.77,"endTime":2295.32,"body":"know what's possible, you might"},{"speaker":"Victor Lagos","startTime":2295.32,"endTime":2297.99,"body":"have one idea, but until you"},{"speaker":"Victor Lagos","startTime":2295.32,"endTime":2297.99,"body":"actually look at the numbers"},{"speaker":"Victor Lagos","startTime":2298.2,"endTime":2301.11,"body":"might be a very different, you"},{"speaker":"Victor Lagos","startTime":2298.2,"endTime":2301.11,"body":"know, answer there. But that's"},{"speaker":"Victor Lagos","startTime":2301.11,"endTime":2304.14,"body":"what I'm here to do and help and"},{"speaker":"Victor Lagos","startTime":2301.11,"endTime":2304.14,"body":"I'm sure your team, your"},{"speaker":"Victor Lagos","startTime":2304.14,"endTime":2308.22,"body":"existing broker can help you as"},{"speaker":"Victor Lagos","startTime":2304.14,"endTime":2308.22,"body":"well. So how can people find and"},{"speaker":"Victor Lagos","startTime":2308.22,"endTime":2309.18,"body":"connect with you and the team"},{"speaker":"Arjun Paliwal","startTime":2309.45,"endTime":2311.31,"body":"Where they can"},{"speaker":"Arjun Paliwal","startTime":2309.45,"endTime":2311.31,"body":"get in touch by investor"},{"speaker":"Arjun Paliwal","startTime":2311.73,"endTime":2315.0,"body":"kit.com? Today, you on their"},{"speaker":"Arjun Paliwal","startTime":2311.73,"endTime":2315.0,"body":"website, we've got a load of"},{"speaker":"Arjun Paliwal","startTime":2315.03,"endTime":2318.21,"body":"research papers as you pointed"},{"speaker":"Arjun Paliwal","startTime":2315.03,"endTime":2318.21,"body":"out podcasts that we've got, and"},{"speaker":"Arjun Paliwal","startTime":2318.21,"endTime":2321.21,"body":"also success stories. If you're"},{"speaker":"Arjun Paliwal","startTime":2318.21,"endTime":2321.21,"body":"a first time investor seeing how"},{"speaker":"Arjun Paliwal","startTime":2321.33,"endTime":2323.76,"body":"one decision made well can make"},{"speaker":"Arjun Paliwal","startTime":2321.33,"endTime":2323.76,"body":"a difference. There's a video"},{"speaker":"Arjun Paliwal","startTime":2323.76,"endTime":2326.31,"body":"there for you. If you're an"},{"speaker":"Arjun Paliwal","startTime":2323.76,"endTime":2326.31,"body":"affluent investor who wants to"},{"speaker":"Arjun Paliwal","startTime":2326.31,"endTime":2328.98,"body":"speak to someone or see"},{"speaker":"Arjun Paliwal","startTime":2326.31,"endTime":2328.98,"body":"someone's journey, who's had"},{"speaker":"Arjun Paliwal","startTime":2328.98,"endTime":2332.16,"body":"nine plus property purchases"},{"speaker":"Arjun Paliwal","startTime":2328.98,"endTime":2332.16,"body":"with us, commercial residential"},{"speaker":"Arjun Paliwal","startTime":2332.16,"endTime":2335.34,"body":"and see how you can gain a seven"},{"speaker":"Arjun Paliwal","startTime":2332.16,"endTime":2335.34,"body":"figure income a seven figure"},{"speaker":"Arjun Paliwal","startTime":2335.34,"endTime":2338.4,"body":"equity gain or six figure income"},{"speaker":"Arjun Paliwal","startTime":2335.34,"endTime":2338.4,"body":"from property. There's also case"},{"speaker":"Arjun Paliwal","startTime":2338.4,"endTime":2341.46,"body":"studies there. So take your time"},{"speaker":"Arjun Paliwal","startTime":2338.4,"endTime":2341.46,"body":"through it, digest it all and if"},{"speaker":"Arjun Paliwal","startTime":2341.46,"endTime":2343.77,"body":"it feels right for you reach out"},{"speaker":"Arjun Paliwal","startTime":2341.46,"endTime":2343.77,"body":"and book a free free"},{"speaker":"Arjun Paliwal","startTime":2343.77,"endTime":2345.06,"body":"consultation with our team."},{"speaker":"Victor Lagos","startTime":2345.1,"endTime":2347.92,"body":"Awesome. Thanks so"},{"speaker":"Victor Lagos","startTime":2345.1,"endTime":2347.92,"body":"much. Thank you really glad to"},{"speaker":"Victor Lagos","startTime":2347.92,"endTime":2352.12,"body":"meet you. Take it. Thanks,"},{"speaker":"Victor Lagos","startTime":2347.92,"endTime":2352.12,"body":"everyone for listening. Stay"},{"speaker":"Victor Lagos","startTime":2352.12,"endTime":2354.91,"body":"tuned for the next episode of"},{"speaker":"Victor Lagos","startTime":2352.12,"endTime":2354.91,"body":"debt financial freedom."}]}