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Mate I’ve crammed a few of your videos and not only great financial advice for newcomers but sincere, genuine life advice that should be taught to everyone in school, but of course the system actively tries to keep people ignorant, Thankyou for sharing your wisdom, very genuine and earned sub
Hey mate, thank you so much for this lovely message. I really appreciate it. Honestly, messages like yours make my day and reassures me that I'm doing good by helping others see things that were not taught to me at school. Welcome to the community. I hope you enjoy your stay. All the best 👍
11:47 this is the single most important piece of information I and everyone I know never got when we were teenagers (born 1985). My personal situation is not the worst (it's actually good, probably better than most), but it certainly would have been significantly better had I known any of these basics when I entered the workforce in 2002/3. Money is a tool, and tools can be very powerful when used correctly. One of the most famous quotes ever comes from Albert Einstein. “The most powerful force in the Universe is compound interest.” I always read that as a negative (paying loans, etc) but it's actually a positive. Tools, when used correctly, can build wonderful and useful things. When used incorrectly they do much the opposite.
Hey James! Thank you. I really appreciate that. This one from the moneysmart website is pretty good! Check It out. moneysmart.gov.au/budgeting/budget-planner
Thank you. Lifestyle inflation is when you earn more money but then you end up spending more money and get used to this 'new lifestyle'. So the lesson is, even though you earned more, you don't end up saving more.
@@BryanInvest Thanks Bryan. I was actually referring to the multiple income stream in the Rely on only 1 income. By spending more time making fiat income, one may lose the work life balance especially if one is already working full-time. In addition, if one's side income exceeds a certain income bracket, won't it get tax more. Perhaps it's better to focus on growth assets/stocks whereby the Capital gains are not taxed unless one cash it out? Btw, which part of Perth do you stay. I drop/pass by Perth regularly. It's nice to know someone who is open minded about income, taxes & investments.
0:00 Nah I usually look at my bank account and put half of my earnings into a savings box, its weird that so many aussies just go to the pub the moment they get their paycheck
brother i have been watching your videos a lot and you always say to do your own research. please upload or recommend some videos about how to research individual stocks and crypto.
That’s true. However, I think most people think you need a large chunk of savings to start investing which isn’t true. Investing small amounts builds good financial habits early on.
You don't need to save to invest into the stock or crypto market. You only need either the minimum legal requirements for the stock market, which if you're working you would make in one or two weeks easily, or as little as 30 dollars in the crypto market. DYOR is the key, but you don't need to save thousands of dollars first in order to do this.
If you buy Fast Food each day you are spending $20.00 per day you average $100.00 per week and $400.00 per month. I also use an Excel Spreadsheet. I buy what I "need" not what I "want". I have cut out, DVD's, Magazines, but my only weakness is a Dollartype Store. Even "before" I get my Check in a Direct Deposit on a Bi Weekly Basis, I calculate what I have to pay and I get up a little earlier and do my Bill Paying online using my Tablet. When it is "Paid" I use a Date Stamp, Inkpad and Stamp The Date it was paid and a Confirmation # which helps alot. I then go into my Agenda and write it down. Financial Literacy is a "Must" in my opinion. Also if you still use Money use smaller denominations so you will feel you have "more", and take your loose change and put it in a Piggy Bank.
@Bryan Invest I'd do things a bit differently with the knowledge I have now in my younger years but its better to start now than later. Um very curious to learn more about the compound interest strategy
@@lunalou8888 You still have a good 30 years before you can retire. Plenty of time for you to witness compound interest at work. I also wished I started my TH-cam channel 10 years ago but here we are. Never too late :)
Oldmate..... you totally need to slow down your speech about 1.5 seconds per minute.... you speak SOOOOOOOO fast........ 30% is key... 1. 10% into your super PRIORITY 2. 10% into investing.... which ever class you choose..... PRIORITY.... 3. 10% Lets Have some fun Account..... PRIORITY.... Take it even further with another 10% as the Emergency Fund.... you will be suprised at how easy it is to allocate 40% of your income to your retirement... you literally dont miss it aye
🎁🎁🎁 GRAB SOME FREEBIES 🎁🎁🎁
💰Use Moomoo App (chess sponsored) to buy shares & get these free bonuses 🎁:
1. 10 FREE Stocks (worth up to $3,626).
2. Earn 6.8% Interest for up to 100K Uninvested Cash.
3. $2,000 Brokerage free cards (free brokerage fees for 30 days.
Click this link to sign up: j.moomoo.com/00A1xQ
💰Get $100 FREE if you sign up to ING with this link or use code: Jir462 & complete the 4 steps: bit.ly/3BuKGHd
💰 Ubank: Get $30 FREE if you sign up with my code & make 5 small purchases: bit.ly/3L0duZM or Use Code: MDPYUAG
Mate I’ve crammed a few of your videos and not only great financial advice for newcomers but sincere, genuine life advice that should be taught to everyone in school, but of course the system actively tries to keep people ignorant, Thankyou for sharing your wisdom, very genuine and earned sub
Hey mate, thank you so much for this lovely message. I really appreciate it. Honestly, messages like yours make my day and reassures me that I'm doing good by helping others see things that were not taught to me at school. Welcome to the community. I hope you enjoy your stay. All the best 👍
11:47 this is the single most important piece of information I and everyone I know never got when we were teenagers (born 1985). My personal situation is not the worst (it's actually good, probably better than most), but it certainly would have been significantly better had I known any of these basics when I entered the workforce in 2002/3. Money is a tool, and tools can be very powerful when used correctly. One of the most famous quotes ever comes from Albert Einstein. “The most powerful force in the Universe is compound interest.” I always read that as a negative (paying loans, etc) but it's actually a positive. Tools, when used correctly, can build wonderful and useful things. When used incorrectly they do much the opposite.
Absolutely mate. I wish someone taught me this when I was younger. It’s such a simple yet powerful concept.
So glad I stumbled across your channel. Sharing your wise words with my Family. Thank you 😊🙏🏼
Thank you for watching! 😊
Just discovered your channel, your are fast talker my friend, thank you
your content is really helpful and informative.
Haha, yes I've been told. That's my natural talking speed. I'm working really hard on slowing down for the camera in my more recent videos 😄
I have a sayign about the "Not Investing Early" topic: There are only two days that are perfect to start investing, which is today and ten years ago.
I love that saying. Could not be more true. Same as best time to plant a tree 🌲
What about putting your emergency funds with your offset account to reduce paying interest?
That is absolutely a great way to save money because it’s a tax free guaranteed return 👍
Hi Brian, love your content. Is there website this that Excell sheet so I can do my calculations? Thanks 👊
Hey James! Thank you. I really appreciate that. This one from the moneysmart website is pretty good! Check It out.
moneysmart.gov.au/budgeting/budget-planner
Nice vlog Bryan. All your points sound great except point 7 (which IMO needs more/better) elaborations.
Thank you. Lifestyle inflation is when you earn more money but then you end up spending more money and get used to this 'new lifestyle'. So the lesson is, even though you earned more, you don't end up saving more.
@@BryanInvest Thanks Bryan. I was actually referring to the multiple income stream in the Rely on only 1 income. By spending more time making fiat income, one may lose the work life balance especially if one is already working full-time. In addition, if one's side income exceeds a certain income bracket, won't it get tax more. Perhaps it's better to focus on growth assets/stocks whereby the Capital gains are not taxed unless one cash it out?
Btw, which part of Perth do you stay. I drop/pass by Perth regularly. It's nice to know someone who is open minded about income, taxes & investments.
0:00 Nah I usually look at my bank account and put half of my earnings into a savings box, its weird that so many aussies just go to the pub the moment they get their paycheck
Agreed! Good stuff. It’s great to have saving mindset but remember to treat yourself once in a while (if you can afford it).
@@BryanInvest haha yeah, def do that, esp after suffering as a student now can actually have fun
In moderation ofc :)
Thank you for your thoughts of wisdom. I wish I know this a long time ago
Thanks for watching! 👍
Love your videos man! Keep it up.
Appreciate it bro 👊
Nice work Bryan. Also thanks for the video of Aussie savings accounts. Ubank is awesome 3.85%
Thanks Chris! Yeah, Ubank keep increasing their rates in line with the RBA rates 👍
Bryan, you engage with the audience amazingly well! :)
Thank you! ☺️
@@BryanInvest Sure thing! Our audiences might share similar interests, would be great to see if we could collaborate some time in the future! 🙂
Love fight club! That quote always stuck with me too!
I always thought it was a cool quote but only appreciated it more when I started working in the corporate world.
Awesome Video, waiting until 100k subs!!
I appreciate you mate and I won’t forget who was there for me once I do hit 100k 😉
Can u make a video focussing on US dividend stocks?
I’ll put it on the list! 👍
This video was way more than just a financial advice you help me to remind to keep making good choices, those that last for long
That’s awesome. Life is about making more good choices than bad ones. Keep it up 👍
Great tips my man! Keep up the solid work with the channel
Thank you mate! 👊
brother i have been watching your videos a lot and you always say to do your own research. please upload or recommend some videos about how to research individual stocks and crypto.
I appreciate your support bro! I will definitely put out more content on how to research stocks/crypto.
The thing is you need to save first to dqo most of the things you said and then invest
That’s true. However, I think most people think you need a large chunk of savings to start investing which isn’t true. Investing small amounts builds good financial habits early on.
You don't need to save to invest into the stock or crypto market. You only need either the minimum legal requirements for the stock market, which if you're working you would make in one or two weeks easily, or as little as 30 dollars in the crypto market. DYOR is the key, but you don't need to save thousands of dollars first in order to do this.
This one better than the top g videos fr
😂👍
Awesome great content thanks
Cheers Warren 👊
Keep up the good work, love all your videos. Thankyou for making them.
Thanks a lot Simmo! Glad you enjoy them 😊
You are doing a great job mate
Thanks a lot mate 👊
Timeless jewlz 💯
If you buy Fast Food each day you are spending $20.00 per day you average $100.00 per week and $400.00 per month. I also use an Excel Spreadsheet. I buy what I "need" not what I "want". I have cut out, DVD's, Magazines, but my only weakness is a Dollartype Store. Even "before" I get my Check in a Direct Deposit on a Bi Weekly Basis, I calculate what I have to pay and I get up a little earlier and do my Bill Paying online using my Tablet. When it is "Paid" I use a Date Stamp, Inkpad and Stamp The Date it was paid and a Confirmation # which helps alot. I then go into my Agenda and write it down. Financial Literacy is a "Must" in my opinion. Also if you still use Money use smaller denominations so you will feel you have "more", and take your loose change and put it in a Piggy Bank.
Some wise tips mate. Thank you for sharing 👍
Nice video. Would love to try drop shipping one day!
That’s awesome! Let me know how to goes 👍
5:04 inflation 2% a year? one can dream 😭
Ouch! It’s certainly dragging up the 2% average.
True channel here for aussies. You should subscribe. Love your work Bryan
Thanks for the kind words! I appreciate you mate 💙
Your fantastic
💙
Dammm im old im 34 🥺 ... its too late for me wahhhh
It’s never too late mate. Would you rather start when you’re 44 instead?? Ps. I’m turning 34 next year 😎
@Bryan Invest I'd do things a bit differently with the knowledge I have now in my younger years but its better to start now than later. Um very curious to learn more about the compound interest strategy
@@lunalou8888 You still have a good 30 years before you can retire. Plenty of time for you to witness compound interest at work. I also wished I started my TH-cam channel 10 years ago but here we are. Never too late :)
Lol A Toyota Corolla is legit more reliable than a new bmw
Don’t think I can even argue with that 😉
It sounds like you want a new phone and BMW lol
😂 Hahaha, who wouldn’t if it was free? However, discipline is key ✊
Oldmate..... you totally need to slow down your speech about 1.5 seconds per minute....
you speak SOOOOOOOO fast........
30% is key...
1. 10% into your super PRIORITY
2. 10% into investing.... which ever class you choose..... PRIORITY....
3. 10% Lets Have some fun Account..... PRIORITY....
Take it even further with another 10% as the Emergency Fund....
you will be suprised at how easy it is to allocate 40% of your income to your retirement...
you literally dont miss it aye