Continue watching his videos dude. There is more information in each sentence then he’s saying. Once you watch most of them, watch them again because they all speak a common language.
@@MrBillytea In this video, Scott covers paying down your mortgage quickly. TRANSCRIPT: Look, there’s a lot of bull dust about how to get out of your mortgage quickly. Understand, there are only two ways for you to pay down your mortgage quickly. The first one is to get the lowest interest rate that you can, and the second thing is you have to make extra repayments. Now, I encourage people to do both, but just remember that whenever you’re sitting in front of a mortgage broker or a banker who is coming up with some amazing plan that can cut years off your mortgage: 'we want to lower our interest rate, the lowest we can get and we want to make extra repayments'. That is how you get the banker off your back.
Great content! After 5 summaries, I subscribed after this one. It was that "sell your kidney"-thing, that made it. I love that kind of education with a pinch of humor! Thank you
I’m Australian, read the book not long ago. Good easy read with actionable steps, very Aus specific which is good for us. Just a note @swedishinvestor, private health insurance isn’t compulsory in Aus. Just get a tax break I’d earn over certain value if you have it
@@TheSwedishInvestor I have very low income and it's easy to do. You just have to accept that you can't get everything you want to buy and live with roommates.
@@TheSwedishInvestor For example buying a home in your early 20s just freshly graduated from college with debt. You don't want to get into more debt until you're done with the first one or else you will become a slave to lender (the banks i mean*) Everybody's situation is different but majority of early 20s should FOCUS more on trying new things + invest and learn. If Scott Pape talk about those who settle down on their 20s 30s or whatever than by all means home is good investment (just a way for the banks to get richer and richer haha)
Joseph A ...have you read his book or just opinionated. His whole book looks at having you dept free and having wealth , your kind of ignorant in a big way because there are 9 steps you are not aware of . You haven’t read his book because if you did you wouldn’t be talking bs ...go and read it from cover to cover then comment.
@@adobotravels Your comment sounds very american specific, most other countries don't have an issue with "college debt" like america does, and Australia which is the main target audience does not. Whilst there are charges in Australia for going to university, they are only increased with inflation, and no interest is payable.
As a Swedish exile living in Australia this is a fun review to see. We’ve been following Barefoot for a while now and I agree, it’s like an Australian ‘translation’ of Dave Ramsey. Keep up the good work / Gott jobbat! ;)
Spännande! Kanske hakar på det där, Australien inte dumt alltså. Jobbigt att behöva byta namn på kanalen bara ... "The former Swedish, now Australian investor"
Only cost you a million bucks. And remember to keep the banker of your back. So there you go. Easy Peasy lemon squeezy. And also increase your Super by 5%, because that money will be worth a lot more in 30yrs ;)
I believe the Barefoot investor is indeed a great book but I don't get why my grade 10 math teacher wants us to read it without himself summarising it or explaining any of this to us...
My take away from this video First you have to plant a tree which mean plunger financial freedom thought like growing in Apple tree nursery fertilizing it trust in the process there might be some resort a little bit stronger and better at first but if you keep continuing doing it with the help of thanh‘s will help more and more apple for you and even your offspring remember to keep your tree away from scramble like credit card credit debt or even the broker if you do it in the right way later is enough for all second there’s no reason you can excuse for not wearing the tree by three most common reason are not smart enough to own or you’re not wealthy you are old and they’re nice 9 barefoot: 1. Schedule finance date night 2. Bucket your list 3. Staying away from credit 4. Pay off your debt 5. Schedule for your future
From the look of things and according to experts in the crypto space. This period the perfect time to buy the dip and accumulate irrespective of the bulls being under pressure. Bitcoin moving up is inevitable and would see the price of bitcoin surpass it's all-time highs. The reversal was imminent because obviously, the bitcoin market needed a correction to gather the right momentum to give the bulls more steam and this just makes it the perfect time to invest and accumulate as much as possible. However i see every market as an advantage to make more profits as this is a very good buy zone and also to trade with a working strategy/daily signals, this i have been doing with Mrs Maria Perez daily signals which has been so accurate and well profitable, Last month i was able to grow and accumulate a total of 6.8btc with my initial 1.2btc which you would agree is a very good profits. I see no reason to panic when you can build your portfolio with Maria daily signals and guides, Maria perez can be reached on Whatspp: +17739433486
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that Bitcoin and forex trading is one of the profitable money exchange services that elevates investors and their financial status
Hey in English we don't say "what it means" in this context but rather would say either "what does this mean?" Or "this means..." Also we would say "Much money" vs "Few Money" Hope this helps. Great job on the video! Thanks
I don't agree. If a visit to a restaurant means the difference between having the "money talk" or not having it, it's well worth even a Michelin bill 😉
No doubt, since getting divorced (her idea) my finances have been better than ever. It's crazy that my household income has been cut in more than half, but I have more expendable income and savings than ever before.... if I'd known this at 19 I'd be retired by now.
So if 60% goes to living expenses, 10% blow, 10% smile, 20% extinguisher,.... thats 100%. Where do you get the extra 9.5% minimum for retirement / investing, and $2,000 for MOJO?
Desire Day by Day Superannuation is usually 9.5% of your wages that your employer automatically places into your super to store up for future, Assuming that is what you mean? . As for the $2,000 in mojo, in his book he says “ ‘but where can I get 2,000 dollars to deposit in the Mojo!?!’ Well start selling stuff on Gumtree.” (Or EBay/Graiglist)
Love the way you provide value.... I see and respect that you are financial literate upto some extent Can you give the examples of the different passive sources of income and would you talk a bit on diversification.... And keep hustling thanks for providing value
Sources of income ... that will take at least a whole video to talk about, but here's a quick one: have at least one source of income which is exposed to what Nassim Taleb would refer to as a "positive Black Swan". Regarding diversification ... when it comes to building your portfolio, I think that diversification is a very useful tool for people that can't/aren't willing to spend many hours every week analyzing securities. I think an index fund is the best solution in that case. For those that are willing to spend the time though, I see no reason for diversification. Having 5 companies in your portfolio means that you'll be able to know more about each one of them than if you have 30.
MOJO likes a separate account... You sold your old stuffs, sell your kidney, work overtime to get it and you dont touch this account which is from different bank.
Not a single mention of having all of those accounts as offset for the mortgage! That should be the first step. NEVER invest your money if you have a mortgage, you’ll never earn more on an investment these days than you’ll save on interest. In an offset, you still have easy access to the money if something goes wrong.
