This Morning's Josie Gibson reveals she's 'broke' after ploughing entire life savings into £1.1million dream home renovation - days after hinting at financial troubles

This Morning's Josie Gibson has revealed she is now 'broke' after ploughing her entire life savings into renovating her £1.1million dream home.The admission comes just days after Josie shut down the assumption that she's wealthy as she admitted to still worrying about money despite her fame. The television presenter, 41, has spent more than a year transforming a sprawling country property near Bath, Somerset, into a luxurious eco-friendly retreat for herself and her eight-year-old son Reggie.But Josie has revealed that the ambitious project has drained her bank account, while admitting she made costly mistakes by trying to keep the renovation as cheap as possible.Speaking on Katherine Ryan's What's My Age Again? podcast on Thursday, the former Big Brother winner reflected on how far she had come since her days living in a caravan and working as a cleaner.'I never thought I'd get to that point in my life ever,' she said. 'But I will just say I am so broke now. I've taken every bit of every life saving I've ever had.' This Morning's Josie Gibson has revealed she is now 'broke' after ploughing her entire life savings into renovating her £1.1million dream homeJosie explained that the renovation of the four-bedroom property had been far more complicated than she anticipated.'It's been a headache,' she said. 'I had a bad start. I had a really bad start. I probably didn't plan properly. And I will say this: I was thinking about the price a bit too much. So I went cheap. Where you go cheap, you buy twice.'Josie is transforming a 2,238-square-foot dilapidated cottage on four acres of countryside into an eco-friendly luxury dream home.The massive project is the focus of her seven-part ITV series, Josie Gibson’s Big Country Build.The Bristol-born presenter explained that the building work had been so extensive that it might have been easier to demolish the property and start afresh.'It was a complete teardown and rebuild. It's like a retrofit,' she said. 'It would have been easier to take the house down and build it again.'But because it's a retrofit, I've tried to build it using sustainable materials that have been recycled. And then, you know, I've got an air source heat pump.' The television presenter, 41, has spent more than a year transforming a sprawling country property near Bath, Somerset, into a luxurious eco-friendly retreat for herself and her eight-year-old son Reggie But Josie has revealed that the ambitious project has drained her bank account, while admitting she made costly mistakes by trying to keep the renovation as cheap as possibleJosie admitted the ambitious project was still unfinished, although she has finally reached the stage of decorating the interiors.And having already spent so much money on the property, she revealed that she was worried about how quickly her expensive new interiors might become dated.'You know when you look around at it like three years later and you're like, "Oh, is this really out of date now?"' she said.Earlier this week, Josie also insisted that people hugely overestimate how much she earns from her television career.'Everybody automatically thinks you're a billionaire. People think you get paid a lot more than you actually do,' she told OK! magazine.Asked whether she still worried about money, she replied: 'Bloody hell, yeah. Of course there is still worry, especially when you're building a house. I have worries, just like everybody else.'Josie, who shares Reggie with former partner Terry Bond, has previously spoken about the financial pressures of raising her son.'If I don't work then the bills don't get paid,' she said earlier this year. 'I know what it's like to have all the financial burden on your shoulders.' The admission comes just days after Josie shut down the assumption that she's wealthy as she admitted to still worrying about money despite her fameThe star, who won Big Brother in 2010 before becoming a regular presenter on This Morning, said she had spent five years searching for the perfect property.And she revealed that she was so convinced she had found her dream home that she decided to buy it before even looking inside.'I've always wanted to build my dream home and I'm finally doing it,' she said on the podcast. 'When I drove up the drive to go and buy the house, it was the same drive that has been in my daydream for about two, three years.'Recalling how she immediately declared she wanted the property, she admitted her enthusiasm had undermined her attempts to negotiate a discount.'I did offer him a bit of a lower price. He wouldn't accept it. That was a gutter,' she said. 'I just went in too strong, really.'Despite the financial strain, Josie is determined to complete the sustainable countryside home, with plans including growing her own food and keeping bees.