David Koch faces backlash over new money show urging Aussies to sell belongings

David Koch's new How To Make $10k in 20 Days is facing some backlash online. Source: 7play

David ‘Kochie’ Koch’s new TV budgeting show has left viewers scratching their heads after it claimed the average Aussie household can earn an extra $10,000 in just 20 days. How To Make $10k in 20 Days helps contestants learn how to save, earn and sell their way towards that seemingly impossible sum.

Appearing on the premiere episode last night were Sydney parents Mick and Rebecca Adamson – who rely on one $83,000 income – as well as engaged couple Tim and Jana, who have a combined income of $150,000. However, after offering them advice, Aussie finance guru Kochie is now facing backlash after he told them anyone can easily make a few extra bucks if they slash their grocery bills in half, pick up a “side hustle” in their extra time, such as Uber driving or Airtasker, or sell what they don’t need.

“To earn money fast you need to use your time to earn extra income and today has never been easier,” the 63-year-old presenter explained.  “In fact, 22 per cent of Aussies are already doing it. It’s called being part of the gig economy or having a side hustle and there’s an ever growing list of companies either with an online website or through an app that can hook you up with flexible work.”

Kochie added people can also turn their home or spare room into extra cash, adding: “You can share anything you own with someone else who then pays you for it. For example you can share your own home or a room in your house on platforms like Airbnb.”

However, he was later criticised on social media by many angry viewers at home, who claimed the couples on the show weren’t average Australians, with one writing: “Bit of a let down this show, the couples chosen for this show are highly selected like the family with $$$ worth of baby products and a couple with high value clothing and expensive surfboards. Not helpful for the average #Australian.”

Another added: “What a load of crap. How much did the goods cost that they sold….. like the boat… what a s**t show.”

One viewer at home questioned Kochie’s drastic tips, saying: “Surely the idea of halving your grocery bill is to still eat nutritiously while not starving yourself?”

However, others praised the controversial self-help show, with one writing: “@kochie_online watching your show on budgeting and saving I so need this help financially.”

It comes after the TV favourite praised his wife’s incredible budgeting in an exclusive chat with Starts at 60 last year, and said while he is still working every day, the job of dishing out allowances and running their home life is mainly down to her. “I’m lucky I married the world’s best home budgeter in Lib. She runs our family budget. She gives me an allowance!” he joked.

“I do the investing, but she runs the family budget. We’ve done that most of our family life. I was concerned I was the primary breadwinner and if something ever happened to me, I wanted to make sure my partner is completely comfortable with the finances.”

The 62-year-old presenter has been married to wife Libby for almost 40 years. They share four adult children together and are now enjoying being grandparents too – and Kochie has revealed it’s their open honesty with each other that has kept the relationship so harmonious.

Stories that matter, delivered straight to your inbox

Sign up to our daily newsletter for more great stories

Did you watch How To Make $10k in 20 Days last night? Do you agree with the criticism? Or did you find the show helpful?

Please sign in to post a comment.
Retrieving conversation…
Stories that matter
Emails delivered daily
Sign up