❗💸😱The Biggest Financial Mistakes in Your 30s and 40s | Andrew Baxter

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This video is a cracker for all people in their 30s and 40s, whether you're a seasoned stock market wizard or just starting to dip your toes in the investing waters. Join hosts Andrew Baxter and Mitchell Olarenshaw on the "Money and Investing" show as they delve into the biggest financial faux pas you can make during these crucial decades of your life.
Andrew kicks things off by highlighting how these years are a tipping point in life, where the balance between lifestyle, fun, and financial commitment becomes paramount. He emphasizes that, regardless of your current financial standing, learning from common mistakes can set you up for a life of financial stability.
In this episode, Andrew breaks down the pitfalls many fall into, such as overcommitting on a home without a solid plan, overspending in the peak of your earning years, and the dangers of living a hedonistic lifestyle without accountability. Whether you're a married man with a family or a bachelor enjoying your freedom, these financial blunders can impact anyone.
Andrew shares a personal experience from his 30s-living it up with exotic cars and a high-flying lifestyle-highlighting the importance of having someone to keep you in check, like a mentor or a wise advisor. He also stresses the significance of structuring your investments correctly from the get-go to avoid costly mistakes down the line.
The hosts discuss the catastrophic impacts of financial mistakes, from unexpected loss of capital to relationship strains and the potential for financial ruin in divorce scenarios.
Start early, plan wisely, and get yourself a mentor who will hold you accountable. Remember that it's never too late to get back on track, even if you've made some blunders along the way. With the right strategy and a bit of humility, you can achieve financial stability and still have a few good war stories to tell.
Don't miss out on this enlightening episode-take notes, take action, and get ready to steer your financial ship towards calmer waters.
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Опубликовано:

13 окт 2024

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Комментарии : 5

@australianinvestmenteducation 4 месяца назад

*Hey everyone! Thanks for tuning into this week's "Money and Investing" Show. Now, we'd love to hear from you! What's the biggest financial mistake you've made in your 30s or 40s, or seen someone else make? Share your experiences in the comments below.* ⬇⬇⬇

@StevenAtanasovski 3 месяца назад

Great episode, and advice I'm in that age bracket, my biggest regret in my 20's was not jumping on the housing market sooner and taking the opportunity in investing in shares being talked out of it by conservative european parents. Luckily I've made up for the lost opportunities with 2 big property purchases with future development opportunities. I would relay your message strongly take the educated risks in your 20's in shares, property or other forms of investing, and set up a strong foundation, its all about ensuring you can have the living standards in life that you want which will create the life style you enjoy.

@australianinvestmenteducation 3 месяца назад

Great anecdotal evidence here, Steven - thank you very much for sharing. This is valuable advice we would certainly agree too! Glad to hear it's worked out well for you.

@DaleGaffeyADVDale 4 месяца назад

Thanks guys for the awesome advice. I can relate to this, by mid 20s I had achieved my goals of owning a business owning a few investment properties. But being inexperienced I didn’t understand being over leveraged when the economy slows. I push the reset button 5 years ago. I’m am now 33 and with the knowledge I learned from those experiences and invested more time to learn about finance, I’m in the best financial position I have ever been. Thanks for your videos helping point us in the right direction.

@australianinvestmenteducation 3 месяца назад

Not a problem at all! We are glad to have helped. A common thread for a lot of people out there - glad to hear you are back on your feet.