I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
iThink the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
Im 46, and only taking the plunge this year as a New years resolution. I've been wanting to do this for so long, even having accounts set up to do so. I've recently bought some Vanguard etfs and set up auto invest. I've also set up 2 kids accounts for my daughters 2, and 4. Planning to put $50 in each of theirs fortnightly. Hopefully they have a better start than me...
Love the Super millionaire comment! ❤ Budgeting took a while to get comfortable with but I found having separate accounts for each cash spending category (e.g. a separate account for groceries, separate account for bills, petrol and transport (bus/train fares) and paying myself a spending allowance into a separate account) helps to stay on track. The other thing I have done is set aside money in a short term expenses account for car expenses (rego and insurance) or funds for Christmas and my daughter’s expenses (birthdays, school fees or clothing etc that she needs throughout the year). I was fortunate enough to live next to an accountant in my early 20s who gave me one piece of great advice that I have stuck with and that is to work out the average cost of your bills per pay cycle and pay that amount towards each bill when you get paid. That way, when the bill arrives, your bill is already paid.
This should be shown and taught in schools it's so important for young people to realise the value in financial freedom and not be tied to bad debt.
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
iThink the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
Im 46, and only taking the plunge this year as a New years resolution. I've been wanting to do this for so long, even having accounts set up to do so.
I've recently bought some Vanguard etfs and set up auto invest. I've also set up 2 kids accounts for my daughters 2, and 4. Planning to put $50 in each of theirs fortnightly. Hopefully they have a better start than me...
thank you from the bottom of my financially illiterate heart - you guys are awesome
😂 same feelings bro
Just listening from the us i want to say you guys are amazing
Thank you for sharing with us. The video is straightforward, easy to understand and practical for someone like me who wants to start in investing
Love watching your videos and so interesting. As someone nearing retirement age and late investor. This has been very helpful.
Love the Super millionaire comment! ❤ Budgeting took a while to get comfortable with but I found having separate accounts for each cash spending category (e.g. a separate account for groceries, separate account for bills, petrol and transport (bus/train fares) and paying myself a spending allowance into a separate account) helps to stay on track. The other thing I have done is set aside money in a short term expenses account for car expenses (rego and insurance) or funds for Christmas and my daughter’s expenses (birthdays, school fees or clothing etc that she needs throughout the year). I was fortunate enough to live next to an accountant in my early 20s who gave me one piece of great advice that I have stuck with and that is to work out the average cost of your bills per pay cycle and pay that amount towards each bill when you get paid. That way, when the bill arrives, your bill is already paid.
Cheers for sharing this awesome video. I’ve been very interested into investing.
What’s the best platform to start
How do we use your services, I want to consult
commsec requires $500 minimum first time investing, is there a way to avoid
Use another platform. Maybe cmc markets?
try Stake or Pearler
Dem 482 dolled nvidia shares at 36:24 😢
Don't pay big brokerage fees to stock brokers for bad advice, do your own research and use a low cost online stock broker.
Any recommendations on online stock brokers?
@@Shak1800 This is not advice but Commsec while Selfwealth has even lower fees.
@@Shak1800 Looks like I am not allowed to make recommendations but look on Google for online brokers with low fees.
@@Shak1800 cmc markets
think XRP investment, thank me later
How much later
XRP Been an underperformer since the high in the 2017 bull run