10 Money Lessons I Wish I Learned Sooner
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- čas přidán 2. 07. 2024
- As you reach your mid 30s like I have, you’ve experienced a little bit of life, definitely made some mistakes along the way, and learned some important lessons. So here are the 10 key money lessons I learned as a doctor in my 30s.
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01. Small investment fees can add up to large losses (00:21)
02. It’s ok to spend a bit more on the things you value (01:49)
Magic Mind (02:57)
03. If you have to pay for something monthly, you probably can’t afford it (03:52)
04. Delayed gratification and goal planning is essential to wealth building (05:05)
05. Being aware of your monthly fixed costs is more important than strictly following a budget (05:57)
06. Reading books has an insane level of return on investment (06:55)
07. Having the right level of insurance is boring, but vital (07:48)
08. Renting allows you to build your wealth faster (08:55)
09. Being financially aligned with your partner could supercharge your money goals (10:48)
10. Money is ultimately a tool to craft your ideal life (11:57)
DISCLAIMER: I am not a financial adviser. The content on this CZcams video is for educational purposes only and merely cite my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!
What are important money lessons that you've learned?
Here from BP. Fan from here on out! 31 and on the financial journey with you. Keep this awesome content coming!
Hey! Thanks man, really appreciate it. What are your plans for post-financial independence?
p.s. just read a book called Taking Stock from a doctor in the Chicago area on his own FI journey while also knowing to live for the day as a hospice doctor. Great balance book and would love to know your opinion / overview on it in a video as well as a Neurologist!
Hey Warren! I definitely have heard of that book in reference on some physician podcasts, I'll check it out! Haha will give you a shoutout if a video comes of it.