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Kochie’s eye-watering salary is revealed after saying ordinary Australians can save $10K in 20 days

Sunrise host David Koch has been widely criticised on social media for claiming that any ordinary Australian can ‘save $10,000 in just 20 days’.

And one reason why viewers are so furious is that David himself has no need to worry about money – because he’s earning a seven-figure salary. 

The finance journalist-turned-broadcaster, 63, is believed to earn $1million per year to host Channel Seven’s breakfast show. 

How much?! Sunrise host David Koch’s eye-watering salary has been revealed – after he was SLAMMED for saying ‘ordinary Australians’ can save $10,000 in just 20 days

David is believed to earn twice as much as his co-host Samantha Armytage, who is on a rumoured $500,000 annual salary.

To make matters worse, he doesn’t even work Fridays.

In March, Samantha hinted that she and David have similar pay packets, even though it’s widely known they are paid vastly different sums. 

What a pay packet! The finance journalist-turned-broadcaster, 63, is believed to earn $1million per year to host Sunrise. By contrast, Sam Armytage (left) earns just $500,000

What a pay packet! The finance journalist-turned-broadcaster, 63, is believed to earn $1million per year to host Sunrise. By contrast, Sam Armytage (left) earns just $500,000

She told Kyle and Jackie O: ‘All I know is that everything is equal at Channel Seven.’

However, Samantha told The Daily Telegraph two years ago that she suspected David may be earning more money than her.

Meanwhile, David copped a roasting from viewers this week for claiming that any ordinary Australian can earn an extra $10,000 in just 20 days. 

Hmm! In March, Samantha hinted that she and David have similar pay packets, even though it's widely known they are paid vastly different sums

Hmm! In March, Samantha hinted that she and David have similar pay packets, even though it’s widely known they are paid vastly different sums 

Backlash: It comes after David copped a roasting from viewers this week for claiming that any ordinary Australian can earn an extra $10,000 in just 20 days

Backlash: It comes after David copped a roasting from viewers this week for claiming that any ordinary Australian can earn an extra $10,000 in just 20 days

There was no shortage of critics when the finance expert’s new program ‘How To Make $10k In 20 Days,’ premiered on Channel Seven on Wednesday night.

He insisted anyone can pocket as much as $500 a day just by picking up a ‘side hustle’ or selling things around the house.

Taking on the ‘sprint saving’ challenge were engaged couple Tim and Jana from the Gold Coast, who earned $150,00 a year between them, and Sydney parents Mick and Rebecca Adamson, who rely on one $83,000 income.

The three-week challenge took its toll on the couples as they slashed their grocery bills in half, took on extra jobs on the side such cleaning toilets and gardening, decluttered their homes of unwanted items and put their properties on Airbnb.

Taking on Kochie's saving challenge: Sydney parents Mick and Rebecca Adamson (pictured) rely on one $83,000 income

Taking on Kochie’s saving challenge: Sydney parents Mick and Rebecca Adamson (pictured) rely on one $83,000 income

Giving it a go: Gold Coast couple Tim and Jana (pictured),who earn a total income of $150,000, had to make sacrifices to save for their dream wedding

Giving it a go: Gold Coast couple Tim and Jana (pictured),who earn a total income of $150,000, had to make sacrifices to save for their dream wedding

Not having it! Many viewers said the idea to earn $10,000 in just 20 days seemed to good to be true

Not having it! Many viewers said the idea to earn $10,000 in just 20 days seemed to good to be true

But angry viewers were not convinced by the money-saving tricks, with many saying the couples on the show were hardly ‘average Australians’. 

The young couple living off a $150,000 combined income were criticised for ‘living the high life’ despite trying to save money for their wedding.  

‘Seriously a couple earning more than $150,000 combined… why do they need to go on a show like that?’ one person tweeted said. 

Another wrote: ‘Yeah sure, young couple earning $150,000 a year sounds like they really need the help. How about helping families who are actually doing it tough, not the ones earning $3,500 per week?’   

Furious: Angry viewers were not convinced by the money-saving tricks, with many saying the couples on the show were not deemed as the 'average Australian'

Furious: Angry viewers were not convinced by the money-saving tricks, with many saying the couples on the show were not deemed as the ‘average Australian’

Kochie’s three simple things to do to save $10,000 in 20 days 

  • Set yourself a specific goal
  • Know what you’re saving $10k for
  • Sell your things to earn extra cash  

The online roasting continued throughout the program, as many viewers questioned how David’s advice applied to average Australians.

‘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,’ one viewer tweeted.

Another said: ‘Surely the idea of halving your grocery bill is to still eat nutritiously while not starving yourself?’ 

‘This show has such a lot of ‘black holes’, it’s almost laughable,’ read a similar comment. 

Others didn’t find the program helpful in their efforts to save. 

‘So we have zero clutter, don’t eat out, so please tell me how to do this? Oh, and we budget shop at Aldi once a fortnight,’ one woman tweeted.

Another added: ‘Easy to make money when you already have it.’ 

Having their say! Mothers in parenting groups on Facebook slammed the program for not showing 'average' Australian families as they couldn't relate to their 'high life' lifestyles

Having their say! Mothers in parenting groups on Facebook slammed the program for not showing ‘average’ Australian families as they couldn’t relate to their ‘high life’ lifestyles

How much they saved 

Tim and Jana from the Gold Coast

 $2341 saved by cutting back

$2560 saved on doing extra jobs

$5216 on selling Tim’s boat

TOTAL: $10,117 saved 

The Adamsons from Sydney 

$1736 saved on cutting back

$2035 saved on doing extra jobs

$3482 on selling unwanted items

TOTAL: $7,253 

Some eagle-eyed viewers questioned why the important details were left out.

‘You promote Airtasker as a quick fix for cash by doing small jobs. You fail to mention that you must place a bid and the person posting the work has to accept your bid from the hundreds of others… and that is if they don’t just let the ad expire! Plus the Airtasker fees. And you give false hope by showing them being paid in cash, which doesn’t happen,’ one viewer tweeted.

Another viewer asked whether the $250 the Adamsons made on a ‘rainy day’ at Blacktown Markets included the $40 fee required to hire a stall.

But some viewers defended the show, saying they found the money-saving tricks handy.

‘Watching your show on budgeting and saving I so need this help financially,’ one woman tweeted.

Another said: ‘Wow look at the comments section full of excuses about why you can’t take the principles and ideas and make them work for you. You are missing the point. You have to put in some effort to earn and save money and these people did it.’

While the Adamsons fell short by making $7,253, they hope to add to the kitty in the coming weeks with a garage sale to sell the rest of their unwanted items.

They will put the money saved towards paying off their credit card bills and going on a ‘date night’.

Not interested: Many viewers didn't welcome the finance advice offered on the program

Not interested: Many viewers didn’t welcome the finance advice offered on the program

Tim and Jana managed to reach the $10,000 goal towards their dream wedding  after Tim reluctantly parted way with his beloved boat which was sold for more than half the amount.

David said the key to making fast money comes down to three simple steps: sell, earn and save.

‘Most think it’s impossible, but there is a way to get ahead and I’m looking forward to showing Australia how to do it,’ he said.

He also said families can save $20,000 in ‘less than an hour’. 

‘If you have a home loan, ring your bank or lender and ask for a discount on the interest rate,’ he said.

‘The average Australian mortgage is $385,000, so a reduction of just a quarter of a per cent will save $20,000 over 30 years.’   

On his side: Some viewers defended the show, saying they found the money-saving tricks handy

On his side: Some viewers defended the show, saying they found the money-saving tricks handy

Read more at DailyMail.co.uk


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