‘I rent because I choose to have my money working harder in other places’
Wow! How poorly advised can you get? See below. The only way of making enough money to have an independent income is usually via real estate. I too come from a humble background but real estate allowed me to retire at age 39
When personal trainer Brando Hasick catches up with friends, he is often the one who brings up the subject of money.
“I can’t help it. I like surrounding myself with people who are doing interesting things with their money,” he says.
“When we’re out for dinner, I find it fascinating to hear their approach to making it work for them. It’s how I learn,” he says.
The 29-year-old Sydneysider’s ultimate dream is to establish a passive income stream – maybe shares that pay good dividends – that will set him up financially for life. He hopes it would enable him to retire early. “It would be nice to think that working is a choice,” he says.
Brando has a savings account, a transaction account and another as a means for stashing some cash away to pay any additional tax requirements. He admits to being a diligent saver.
He rents an apartment that he shares with partner Aisha and their baby Rupert. It provides him with greater liquidity to make a move – if he sees a good investment opportunity.
‘We always had what we needed, but there wasn’t much left over.’
“I rent because I choose to have my money working harder in other places”, he says
Brando has always been determined to be financially independent, even paying mentors to teach him the tricks of business. One charged $6000 to impart their knowledge, but he didn’t flinch. “I saw it as an investment in my future,” he says.
However, learning financial lessons has come at a cost: He lost more than $75,000 in a failed business attempt. “That experience definitely made me systemise things better, which has probably been a silver lining for me,” he says.
‘Being careful with money was drilled into me’
Brando grew up in a working-class family in Sydney’s western suburbs, which spurred him on to work hard and seek out financial independence. “We always had what we needed, but there wasn’t much left over,” he says.
By his teens, he was working in a fast-food restaurant and managed to save up to 50 per cent of his pay while trying to figure out what to do with it long term. This meant that when he was offered the chance to live in the UK for six months as part of his tertiary education, he was able to jump at the opportunity, using $30,000 in savings to cover living expenses.
When he returned to Australia, he moved into an apartment with a friend. He worked as a personal trainer, launching a side hustle in his backyard a year later.
Brando has been an investor in cryptocurrency for a few years, and also bought shares. Ultimately, he would like to help his parents financially. “They’ve always been there for me, and I’d like to be able to be there for them,” he says.