Key Takeaways:
Rental Market Dynamics: Prices in capital cities are excessively high, leading to rental stress among Australians; creative strategies are needed to navigate these challenges.
Financial Strategies: Look at managing the remaining 70% of your budget after rent rather than focusing solely on the rental costs.
Adapting to Change: Consider regional moves to more affordable areas, leveraging remote work opportunities as a feasible solution to high urban rents.
Income Optimisation: Improving your professional standing or seeking alternative income streams are crucial in adapting to high rent costs.
Faith and Acceptance: Emphasising the importance of acceptance and mindful prayer to manage financial and rental pressures effectively.

Notable Quotes:
"Rental prices have increased astronomically, especially in high demand areas such as capital cities."
"Think outside the box… be more creative about the income side of our equation."
"Don't go into a shop if you can't afford to buy the things in the shop… it's got to be the same with rental."
"Consider what you're left with and how you manage the costs that happen week to week once the rent is decided."
"You've got to increase your employment, look at your job. Are you doing the best you can in terms of your employment?"

 

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Key Takeaways:
<ul>
<li>Rental Market Dynamics: Prices in capital cities are excessively high, leading to rental stress among Australians; creative strategies are needed to navigate these challenges.</li>
<li>Financial Strategies: Look at managing the remaining 70% of your budget after rent rather than focusing solely on the rental costs.</li>
<li>Adapting to Change: Consider regional moves to more affordable areas, leveraging remote work opportunities as a feasible solution to high urban rents.</li>
<li>Income Optimisation: Improving your professional standing or seeking alternative income streams are crucial in adapting to high rent costs.</li>
<li>Faith and Acceptance: Emphasising the importance of acceptance and mindful prayer to manage financial and rental pressures effectively.</li>
</ul>
Notable Quotes:
<ul>
<li>"Rental prices have increased astronomically, especially in high demand areas such as capital cities."</li>
<li>"Think outside the box&hellip; be more creative about the income side of our equation."</li>
<li>"Don't go into a shop if you can't afford to buy the things in the shop&hellip; it's got to be the same with rental."</li>
<li>"Consider what you're left with and how you manage the costs that happen week to week once the rent is decided."</li>
<li>"You've got to increase your employment, look at your job. Are you doing the best you can in terms of your employment?"</li>
</ul>
&nbsp;
Got a question, comment or personal story to share? Send it through at <a href="https://hope1032.com.au/show/money/">hopepodcasts.com.au</a>. Ben and Pete will get stuck into it on a future episode.
Pete Burrows is an accountant for small business and individuals with <a href="https://www.lrf.com.au/">Lower Russell and Farr</a> in Penrith, Western Sydney, Australia. Ben McEachen hosts <a href="https://hope1032.com.au/programs/hope-mornings/">Hope Mornings on Hope 103.2FM</a> in Sydney, Australia.

Money: Faith & Finance explores the profound and practical of everyday finances. In every episode, we explore the real-life impact of everything from superannuation to stewardship, the World Bank to your wallet – and what does God have to say about money?

Welcome to the profit, loss and real balance sheet of wherever money intersects with you.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Money: Faith &amp; Finance explores the profound and practical of everyday finances. In every episode, we explore the real-life impact of everything from superannuation to stewardship, the World Bank to your wallet – and what does God have to say about money? Welcome to the profit, loss and real balance sheet of wherever money intersects with you.
Pete Burrows is an accountant for small business and individuals with <a href="https://www.lrf.com.au/">Lower Russell and Farr</a> in Penrith, Western Sydney, Australia. Ben McEachen hosts <a href="https://hope1032.com.au/programs/hope-mornings/">Hope Mornings on Hope 103.2FM</a> in Sydney, Australia.

Money: Faith & Finance

Listen to more from our Hope Podcasts collection at hopepodcasts.com.au. And send the team a message via Hope 103.2’s app, Facebook or Instagram.

This podcast is not offering financial or investment advice. It's always best to do your own research and to consult a professional financial or investment advisor before making any financial or investment decisions.

Listen to more from our Hope Podcasts collection at <a href="http://www.hopepodcasts.com.au/">hopepodcasts.com.au</a>. And send the team a message via <a href="https://hope1032.com.au/listen/#apps">Hope 103.2’s app</a>, <a href="https://www.facebook.com/Hope103.2">Facebook</a> or <a href="https://www.instagram.com/sydneyshope1032/">Instagram</a>. This podcast is not offering financial or investment advice. It's always best to do your own research and to consult a professional financial or investment advisor before making any financial or investment decisions.

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