How to Save Your First Deposit | No BS With Birchy | EP 229

In this episode, Nathan breaks down the practical strategies for saving your first property deposit. From identifying multiple income sources and creating a realistic budget to managing expenses and getting your partner on board, Nathan shares the exact steps he used to build his portfolio. Whether you’re starting from scratch or looking to accelerate your savings, this episode provides actionable insights to help you take control of your financial future.

00:00 – Introduction to deposit challenges
00:18 – Why people struggle to get started in property
01:25 – Multiple ways to source a deposit
02:20 – Selling assets and side hustles
03:55 – Calculating how much deposit you actually need
04:55 – Breaking down your deposit goal into manageable chunks
06:55 – Creating a realistic savings plan and timeline
07:55 – Building a budget to find extra cash flow
10:55 – Cutting expenses and lifestyle changes
12:15 – The power of paying yourself first
14:30 – Partner communication and getting alignment
17:45 – Making your goals public and staying accountable
21:35 – Adding value at work and increasing income
23:35 – Leveraging assets and building wealth through property
25:00 – Wrap-up and resources available

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