{"id":9595,"date":"2016-10-20T01:00:39","date_gmt":"2016-10-19T14:00:39","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=9595"},"modified":"2016-10-20T01:00:39","modified_gmt":"2016-10-19T14:00:39","slug":"money-does-not-grow-on-trees-john-symond","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/","title":{"rendered":""Money does not grow on trees" – John Symond"},"content":{"rendered":"

 
\nExecutive Chairman and Founder of Aussie Home Loans, John Symond<\/strong>, says kids need to appreciate that money doesn\u2019t grow on trees. He talks about the advice he received from his father that no doubt shaped his thoughts.<\/p>\n

<\/h4>\n

Transcript:<\/strong><\/h4>\n

Kevin:<\/b>\u00a0 With some advice on the topic now, John Symond, executive chairman and founder of Aussie Home Loans.
\nJohn, thanks again for your time. What advice would you give your children on investing and money?
\nJohn:<\/b>\u00a0 Well, first of all, kids have to appreciate that money doesn\u2019t grow on trees. Dad used to tell me as a kid, he\u2019d say, \u201cSon, it\u2019s so much easier spending money than earning money, so be very, very careful.\u201d You have to make sure that the kids understand the real meaning of that, because nothing comes easy. To live and pay your bills and then hope to have a few bob over to save is very difficult.
\nI make sure my kids appreciate the value of money. If money\u2019s there, it doesn\u2019t mean it\u2019s there to be spent. They have to be careful. And I suggest to them that when they can, a safe investment long-term is buying a property \u2013 \u00a0if not to live in, to rent out \u2013 because it\u2019s not as volatile as other forms of investment.
\nI always listened to my dad on that. I\u2019ve always loved housing. I\u2019ve been working in the housing industry \u2013 finance and property \u2013 now for the best part of 40 years.
\nKevin:<\/b>\u00a0 I understood you grew up\u2026 Your mom and dad, I think, owned a fruit shop. Is that right?
\nJohn:<\/b>\u00a0 Well, a number of fruit shops, Kevin. I went to 11 schools. Every day after school, even as a 10-year-old, I\u2019d come home with my older brother and sister. I\u2019m one of seven. My older brother and sister in those days, we\u2019d go straight to the back of the fruit shop, help bag potatoes and apples and polish fruit. We did all those types of things. And weekends we used to take turns minding the shop.
\nBut, wow, I say to people, I went to two universities, 11 schools, but my best education was from my parents, who had very little formal education. But they made me appreciate how important it was to look after your customers, the importance of working very hard, and acting truthfully with integrity. I learned some terrific stuff from my mom and dad.
\nKevin:<\/b>\u00a0 It\u2019s interesting listening to people like yourself, successful people, and the conversations around the kitchen table and the lessons you learn from your parents. What were the conversation like at your kitchen table? Were they about money?
\nJohn:<\/b>\u00a0 Well, it was about life, really. Even though I had a very modest upbringing because we didn\u2019t have money. We lived on the back or on top of the fruit shops. Mom and dad would build up the fruit shop and over about a 12-month period, sell it for a profit. We\u2019d hop on the back of the fruit truck. We couldn\u2019t afford a car. We\u2019d go to the next suburb, open another shop, sold the other one, and it goes on and on.
\nI used to talk to them, \u201cHow long, mom, do you think we\u2019re going to be here?\u201d Because after the first two or three moves at a young age, I was expecting that in the next six months or so, we\u2019ll move to another place, which meant another school.
\nBut as a young kid, I never realized the value in me embracing change. Because as a kid I was going through it. We had a happy household. We used to joke a lot. Dad would make sure we always had food on the table. The family always came first.
\nWe would talk about moving, where we were going to move to. They\u2019d always make it sound interesting and fun. We laughed a lot as a family, and we worked hard, and all the kids were involved in working hard. Mom raising seven kids, she would be in the fruit shop serving customers with the apron on. Dad would be unloading the truck with his singlet on, sweating profusely.
\nAt times, I used to think he was going to break his back with the big bags of potatoes in those days with the two pick that you\u2019d stick in the bag and throw it on your back. I used to think his back\u2019s going to break.
\nBut anyway, we had a very good upbringing, I learned a lot, and as I said, the best things in life\u2013 the most important things, I learned in life was from my mom and dad.
\nKevin:\u00a0 <\/b>I know, unfortunately, your dad\u2019s no longer with us. Did he have the opportunity to see how successful you had become, John? Was that a proud moment?
\nJohn:<\/b>\u00a0 Mom passed before dad. They were really proud of me. They knew that I was wanting to help change the system to give Australians a better go and all the rest of it. I\u2019m really grateful that they were around to see that we were making a difference. I know that they were very proud parents, and that made me feel good. I\u2019m thankful that they were around when we did make a real difference.
\nIt makes me very sensitive to having the background and the experience I had of not having money, moving around every year, going to 11 schools, watching my parents physically work hard. It made me always remember my background. It gave me the opportunity of understanding the average moms and dads and how tough they do it and how hard it is to put food on the table and educate your kids.
\nThat was a big advantage that I felt I had over a lot of other senior executives because I\u2019d been through it.
\nKevin:<\/b>\u00a0 Well, John, I appreciate you giving us your time. I know it\u2019s a busy time for you. I think, as we speak to you now, you\u2019re in Darwin. You continue your travels and a very active life and a very successful business. Thank you for giving us your time and a great insight.
\nJohn:<\/b>\u00a0 No, great. I\u2019m opening another Aussie store and I\u2019m trying to do the right thing. But thank you, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

  Executive Chairman and Founder of Aussie Home Loans, John Symond, says kids need to appreciate that money doesn\u2019t grow on trees. He talks about the advice he received from his father that no doubt shaped his thoughts. Transcript: Kevin:\u00a0 With some advice on the…<\/p>\n","protected":false},"author":176692471,"featured_media":9596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,34,10,11,13,36,17,25],"tags":[101],"class_list":["post-9595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies-topic","category-finance-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-property-investment","category-sponsored-channels","tag-podcast"],"yoast_head":"\n"Money does not grow on trees" - John Symond - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""Money does not grow on trees" - John Symond - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  Executive Chairman and Founder of Aussie Home Loans, John Symond, says kids need to appreciate that money doesn\u2019t grow on trees. He talks about the advice he received from his father that no doubt shaped his thoughts. Transcript: Kevin:\u00a0 With some advice on the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-19T14:00:39+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\""Money does not grow on trees" – John Symond\",\"datePublished\":\"2016-10-19T14:00:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/\"},\"wordCount\":1084,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Case Studies\",\"Finance\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Investment\",\"Property Investment Topics\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/\",\"name\":\""Money does not grow on trees" - John Symond - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2016-10-19T14:00:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/money-does-not-grow-on-trees-john-symond\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\""Money does not grow on trees" – John Symond\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":""Money does not grow on trees" - John Symond - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/","og_locale":"en_US","og_type":"article","og_title":""Money does not grow on trees" - John Symond - Realty Talk","og_description":"  Executive Chairman and Founder of Aussie Home Loans, John Symond, says kids need to appreciate that money doesn\u2019t grow on trees. He talks about the advice he received from his father that no doubt shaped his thoughts. Transcript: Kevin:\u00a0 With some advice on the...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/","og_site_name":"Realty Talk","article_published_time":"2016-10-19T14:00:39+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":""Money does not grow on trees" – John Symond","datePublished":"2016-10-19T14:00:39+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/"},"wordCount":1084,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Case Studies","Finance","Kevin Turner","Kevin's Update","Latest Stories","Property Investment","Property Investment Topics","Sponsored Channels"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/","name":""Money does not grow on trees" - John Symond - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/#primaryimage"},"thumbnailUrl":"","datePublished":"2016-10-19T14:00:39+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/money-does-not-grow-on-trees-john-symond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":""Money does not grow on trees" – John Symond"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/9595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=9595"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/9595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=9595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=9595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=9595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}