S01_E07 - The Gold at the End of the Rainbow
Jellyman Investing - Personal Finance for Australians01/07/24 • 18 min
https://www.patreon.com/Jellyman_Investing
When you get your financial affairs in order, when you educate yourself to the point where regardless of what's happening in the economy you still make money or protect yourself and your family, you've won the game of life. It's not that hard, just takes time.
Before I get on with this episode, a reminder that I have a Patreon page where you can read articles, download spreadsheets, get internet resources, watch tutorial videos and even chat with me. It's free to join so sign up today. The link is:
Patreon.com/Jellyman_Investing
Also, a disclaimer, that I am not a financial advisor, please consult with a professional before making any financial decisions. On with the episode.
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Right now you make be broke, in debt, no savings, no house, whatever. Things could be bad for you? I mean is it worth trying to get all my financial affairs in order? What's at the end of the rainbow here?
So to get you motivated and excited about the future let's talk about what your life could be like once you achieved many of your large financial goals. Here's some of the advantages.
You're not worried about not getting your paycheck that week.
You're not worried about unpaid leave.
You're not worried about slightly higher bills.
You're not worried about unexpected expenses.
You're not fearful that you can't provide for your children.
You don't care about change home interest rates.
You don't check the price of food on menus.
You can buy what you want, when you want and however much you want.
You can flight first class.
You spend and enjoy life, and yet your assets still grow in value.
You don't care which party is in Government.
You can capitalize on market downturns.
You can sleep at night knowing your investments are conservative
You've managed your investment risk such that downturns don't scare you.
You can pay your house off soon.
The list goes on. The point is, these are all extremely exciting things. You may not get all of them, but what's important to understand is how these things unfold.
You don't wake up one day and 10 of these are suddenly true. What tends to happen, is that you achieve one which frees up capacity to achieve the next.
01/07/24 • 18 min
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