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The Money Timeline That Lets Normal People Build Wealth · Making Cents

• 0:00
  You
• 0:00
  know,
• 0:00
  I'm
• 0:00
  all
• 0:01
  about
• 0:01
  helping
• 0:01
  normal
• 0:02
  people
• 0:02
  build
• 0:03
  financial
• 0:03
  freedom.
• 0:04
  But
• 0:04
  here's
• 0:05
  the
• 0:05
  problem.
• 0:06
  Making
• 0:06
  a
• 0:06
  million
• 0:07
  dollars
• 0:07
  from
• 0:07
  your
• 0:07
  job
• 0:08
  would
• 0:08
  take
• 0:09
  forever.
• 0:10
  We
• 0:10
  don't
• 0:10
  want
• 0:10
  to
• 0:11
  wait
• 0:11
  that
• 0:11
  long.
• 0:12
  The
• 0:12
  people
• 0:12
  who
• 0:13
  actually
• 0:13
  get
• 0:14
  ahead,
• 0:15
  not
• 0:15
  the
• 0:15
  lottery
• 0:16
  winners,
• 0:16
  not
• 0:16
  the
• 0:17
  high
• 0:17
  earners,
• 0:18
  the
• 0:18
  ordinary
• 0:19
  people
• 0:19
  who
• 0:20
  quietly
• 0:20
  build
• 0:21
  real
• 0:21
  wealth,
• 0:22
  they're
• 0:22
  not
• 0:22
  just
• 0:23
  earning
• 0:24
  more
• 0:24
  than
• 0:24
  everyone
• 0:24
  else.
• 0:25
  They're
• 0:25
  thinking
• 0:26
  about
• 0:26
  money
• 0:27
  completely
• 0:28
  differently.
• 0:28
  They
• 0:29
  think
• 0:29
  about
• 0:29
  it
• 0:30
  as
• 0:30
  time,
• 0:31
  not
• 0:32
  like
• 0:32
  time
• 0:32
  is
• 0:33
  money.
• 0:33
  Everyone
• 0:34
  knows
• 0:34
  that
• 0:34
  one.
• 0:35
  I
• 0:35
  mean
• 0:36
  that
• 0:36
  how
• 0:36
  you
• 0:37
  invest,
• 0:38
  how
• 0:38
  you
• 0:38
  make
• 0:39
  the
• 0:39
  most,
• 0:40
  what
• 0:40
  you
• 0:40
  do
• 0:41
  with
• 0:41
  your
• 0:42
  money,
• 0:42
  all
• 0:42
  comes
• 0:43
  down
• 0:43
  to
• 0:43
  time.
• 0:44
  How
• 0:44
  much
• 0:44
  time
• 0:44
  you
• 0:44
  have
• 0:45
  changes
• 0:46
  everything.
• 0:47
  It
• 0:47
  tells
• 0:48
  you
• 0:48
  where
• 0:48
  your
• 0:48
  money
• 0:48
  should
• 0:48
  go.
• 0:49
  It
• 0:49
  determines
• 0:50
  how
• 0:50
  hard
• 0:51
  it
• 0:51
  can
• 0:51
  work
• 0:51
  for
• 0:51
  you.
• 0:52
  And
• 0:52
  it's
• 0:53
  the
• 0:53
  reason
• 0:53
  some
• 0:54
  people
• 0:54
  build
• 0:55
  serious
• 0:55
  wealth
• 0:56
  on
• 0:56
  ordinary
• 0:57
  incomes,
• 0:57
  while
• 0:57
  others
• 0:58
  save
• 0:59
  hard
• 0:59
  for
• 0:59
  decades,
• 1:00
  put
• 1:00
  in
• 1:01
  all
• 1:01
  of
• 1:01
  that
• 1:01
  work,
• 1:02
  and
• 1:02
  just
• 1:03
  never
• 1:03
  quite
• 1:04
  get
• 1:05
  there.
• 1:05
  So
• 1:06
  if
• 1:06
  you
• 1:06
  get
• 1:06
  this
• 1:06
  right,
• 1:07
  you
• 1:08
  don't
• 1:08
  have
• 1:08
  to
• 1:09
  earn
• 1:09
  every
• 1:10
  dollar
• 1:10
  yourself.
• 1:10
  Your
• 1:11
  money
• 1:12
  earns
• 1:12
  alongside
• 1:13
  you.
• 1:14
  Once
• 1:15
  the
• 1:15
  money
• 1:15
  and
• 1:15
  time
• 1:16
  relationship
• 1:16
  clicks,
• 1:17
  truly
• 1:18
  everything
• 1:18
  changes.
• 1:19
  So
• 1:19
  today
• 1:19
  I'm
• 1:20
  going
• 1:20
  to
• 1:20
  show
• 1:20
  you
• 1:20
  exactly
• 1:21
  how
• 1:21
  how
• 1:21
  it
• 1:21
  works
• 1:21
  and
• 1:22
  how
• 1:22
  to
• 1:22
  use
• 1:22
  it
• 1:23
  to
• 1:23
  build
• 1:23
  your
• 1:23
  own
• 1:23
  financial
• 1:24
  freedom
• 1:25
  faster
• 1:25
  than
• 1:25
  you
• 1:26
  think.
• 1:26
  So
• 1:27
  welcome
• 1:27
  to
• 1:27
  making
• 1:27
  Sense.
• 1:28
  It's
• 1:28
  the
• 1:28
  podcast
• 1:28
  people
• 1:29
  who
• 1:29
  want
• 1:29
  financial
• 1:29
  freedom
• 1:30
  without
• 1:30
  giving
• 1:31
  up
• 1:31
  their
• 1:31
  coffee.
• 1:32
  I'm
• 1:32
  Frances
• 1:32
  Cook,
• 1:33
  financial
• 1:33
  journalist
• 1:33
  and
• 1:34
  fellow
• 1:34
  financial
• 1:34
  freedom
• 1:35
  seeker
• 1:35
  who
• 1:35
  makes
• 1:36
  money
• 1:36
  simple
• 1:36
  for
• 1:37
  you.
• 1:37
  I
• 1:38
  want
• 1:38
  to
• 1:38
  help
• 1:38
  as
• 1:38
  many
• 1:39
  people
• 1:39
  as
• 1:39
  possible
• 1:40
  reach
• 1:40
  financial
• 1:41
  freedom
• 1:41
  by
• 1:41
  taking
• 1:42
  control
• 1:42
  of
• 1:42
  their
• 1:43
  money.
• 1:43
  You
• 1:43
  can
• 1:44
  help
• 1:44
  me
• 1:44
  in
• 1:44
  that
• 1:44
  mission
• 1:45
  two
• 1:45
  really
• 1:46
  easy
• 1:46
  ways.
• 1:47
  First,
• 1:47
  hit
• 1:48
  subscribe
• 1:48
  wherever
• 1:49
  you
• 1:49
  like
• 1:49
  to
• 1:49
  listen,
• 1:50
  YouTube,
• 1:50
  Spotify,
• 1:51
  Apple
• 1:51
  Podcasts,
• 1:52
  or
• 1:52
  any
• 1:52
  other
• 1:53
  podcast
• 1:53
  player.
• 1:54
  Then
• 1:54
  send
• 1:55
  this
• 1:55
  episode
• 1:55
  to
• 1:55
  a
• 1:56
  friend
• 1:56
  so
• 1:56
  we
• 1:56
  can
• 1:56
  all
• 1:57
  level
• 1:57
  up
• 1:57
  together.
• 1:58
  Then
• 1:58
  the
• 1:59
  show
• 1:59
  grows
• 1:59
  and
• 1:59
  I
• 1:59
  can
• 2:00
  keep
• 2:00
  giving
• 2:00
  you
• 2:00
  the
• 2:01
  money
• 2:01
  info
• 2:01
  that
• 2:02
  makes
• 2:02
  a
• 2:02
  difference
• 2:02
  for
• 2:03
  your
• 2:03
  life.
• 2:04
  Okay,
• 2:04
  back
• 2:04
  to
• 2:05
  it.
• 2:06
  Now
• 2:06
  let's
• 2:06
  start
• 2:06
  with
• 2:06
  what
• 2:07
  everyone
• 2:07
  probably
• 2:08
  expects
• 2:08
  this
• 2:09
  to
• 2:09
  get
• 2:09
  into
• 2:09
  investing
• 2:10
  is
• 2:11
  crucial
• 2:12
  for
• 2:12
  getting
• 2:12
  your
• 2:13
  financial
• 2:13
  freedom
• 2:14
  and
• 2:14
  keeping
• 2:15
  it.
• 2:15
  Your
• 2:15
  money
• 2:16
  needs
• 2:16
  to
• 2:16
  work
• 2:16
  hard,
• 2:17
  not
• 2:17
  just
• 2:17
  you.
• 2:18
  In
• 2:18
  fact,
• 2:18
  send
• 2:19
  your
• 2:19
  money
• 2:19
  to
• 2:19
  work
• 2:20
  instead
• 2:20
  of
• 2:21
  you.
• 2:21
  You
• 2:21
  can't
• 2:21
  expect
• 2:22
  to
• 2:22
  save
• 2:22
  everything
• 2:23
  you
• 2:23
  need
• 2:23
  for
• 2:24
  financial
• 2:24
  freedom
• 2:25
  all
• 2:25
  by
• 2:26
  yourself.
• 2:26
  There
• 2:26
  will
• 2:26
  be
• 2:27
  so
• 2:28
  much
• 2:28
  money
• 2:28
  to
• 2:29
  accumulate
• 2:29
  on
• 2:30
  your
• 2:30
  own,
• 2:30
  you're
• 2:31
  going
• 2:31
  to
• 2:31
  make
• 2:31
  investments,
• 2:32
  do
• 2:33
  quite
• 2:33
  a
• 2:33
  bit
• 2:34
  of
• 2:34
  this
• 2:34
  work
• 2:34
  for
• 2:35
  you.
• 2:35
  Once
• 2:35
  you
• 2:36
  understand
• 2:37
  the
• 2:37
  money
• 2:37
  world,
• 2:38
  you
• 2:38
  can
• 2:38
  start
• 2:39
  treating
• 2:39
  the
• 2:40
  dollars
• 2:40
  that
• 2:40
  you
• 2:40
  earn
• 2:41
  as
• 2:42
  if
• 2:42
  they're
• 2:42
  employees.
• 2:43
  You
• 2:44
  can
• 2:44
  send
• 2:44
  them
• 2:45
  to
• 2:45
  work,
• 2:46
  get
• 2:46
  them
• 2:47
  earning
• 2:47
  money
• 2:48
  for
• 2:48
  you
• 2:49
  so
• 2:49
  that
• 2:49
  you
• 2:49
  reach
• 2:50
  financial
• 2:50
  independence
• 2:51
  without
• 2:51
  doing
• 2:52
  all
• 2:52
  of
• 2:52
  the
• 2:52
  heavy
• 2:53
  lifting
• 2:53
  yourself.
• 2:54
  And
• 2:55
  you
• 2:55
  can
• 2:55
  eventually
• 2:55
  have
• 2:56
  so
• 2:56
  many
• 2:56
  dollar
• 2:57
  employees
• 2:57
  earning
• 2:58
  money
• 2:58
  for
• 2:58
  you
• 2:59
  that
• 3:00
  you
• 3:00
  won't
• 3:00
  have
• 3:00
  to
• 3:00
  earn
• 3:01
  it
• 3:01
  at
• 3:01
  all
• 3:02
  yourself.
• 3:03
  But
• 3:03
  think
• 3:04
  about
• 3:04
  how
• 3:05
  any
• 3:05
  company
• 3:05
  works.
• 3:06
  You
• 3:07
  might
• 3:07
  have
• 3:07
  a
• 3:07
  lot
• 3:07
  of
• 3:07
  people
• 3:08
  doing
• 3:08
  a
• 3:08
  certain
• 3:09
  job
• 3:10
  because
• 3:10
  it's
• 3:10
  important,
• 3:11
  but
• 3:11
  you
• 3:12
  will
• 3:12
  never
• 3:12
  have
• 3:13
  a
• 3:13
  company
• 3:14
  filled
• 3:14
  with
• 3:15
  everyone
• 3:16
  doing
• 3:16
  the
• 3:16
  exact
• 3:17
  same
• 3:18
  job.
• 3:19
  You
• 3:19
  might
• 3:19
  have
• 3:20
  an
• 3:20
  accounting
• 3:20
  department,
• 3:21
  an
• 3:22
  IT
• 3:22
  department,
• 3:23
  a
• 3:23
  marketing
• 3:24
  department,
• 3:24
  and
• 3:25
  you
• 3:25
  need
• 3:26
  all
• 3:26
  of
• 3:26
  them
• 3:27
  because
• 3:27
  they
• 3:27
  do
• 3:28
  totally
• 3:28
  different
• 3:29
  things
• 3:29
  and
• 3:30
  they
• 3:30
  have
• 3:30
  to
• 3:30
  work
• 3:30
  together
• 3:31
  to
• 3:31
  make
• 3:32
  the
• 3:32
  company
• 3:32
  successful.
• 3:33
  You
• 3:34
  are
• 3:34
  the
• 3:34
  company,
• 3:35
  your
• 3:35
  money
• 3:35
  is
• 3:36
  the
• 3:36
  employees.
• 3:37
  And
• 3:37
  you
• 3:37
  need
• 3:38
  different
• 3:38
  dollars
• 3:39
  doing
• 3:40
  different
• 3:40
  jobs
• 3:41
  if
• 3:41
  you're
• 3:41
  going
• 3:42
  to
• 3:42
  be
• 3:42
  successful.
• 3:43
  And
• 3:44
  the
• 3:44
  way
• 3:44
  you
• 3:44
  assign
• 3:45
  those
• 3:45
  jobs
• 3:46
  is
• 3:46
  by
• 3:47
  understanding
• 3:48
  that
• 3:48
  money
• 3:50
  and
• 3:50
  time
• 3:51
  are
• 3:52
  everything
• 3:53
  in
• 3:54
  deciding
• 3:55
  your
• 3:55
  strategy.
• 3:56
  Time
• 3:56
  is
• 3:56
  the
• 3:56
  key
• 3:57
  for
• 3:57
  unlocking
• 3:58
  what
• 3:58
  you
• 3:58
  do
• 4:00
  and
• 4:00
  when
• 4:00
  that
• 4:01
  that
• 4:01
  timeline
• 4:01
  should
• 4:02
  always
• 4:02
  be
• 4:02
  adapted
• 4:02
  to
• 4:02
  our
• 4:02
  own
• 4:03
  personal
• 4:03
  situation
• 4:04
  and
• 4:04
  our
• 4:05
  own
• 4:05
  needs,
• 4:05
  our
• 4:05
  own
• 4:06
  priorities.
• 4:06
  But
• 4:07
  we've
• 4:07
  got
• 4:07
  to
• 4:08
  start
• 4:08
  with
• 4:08
  this
• 4:09
  general
• 4:09
  timeline
• 4:10
  so
• 4:10
  you
• 4:10
  know
• 4:11
  the
• 4:11
  rules
• 4:11
  before
• 4:11
  you
• 4:12
  go
• 4:12
  breaking
• 4:12
  them
• 4:12
  for
• 4:12
  your
• 4:13
  needs.
• 4:13
  Now,
• 4:14
  generally,
• 4:15
  the
• 4:15
  more
• 4:16
  time
• 4:16
  you
• 4:16
  have,
• 4:17
  the
• 4:17
  more
• 4:18
  you
• 4:18
  want
• 4:18
  to
• 4:18
  invest
• 4:19
  in
• 4:19
  risky
• 4:20
  assets.
• 4:20
  When
• 4:21
  I
• 4:21
  talk
• 4:21
  about
• 4:21
  risk,
• 4:23
  it's
• 4:23
  not
• 4:23
  risky
• 4:24
  like
• 4:25
  not
• 4:25
  looking
• 4:25
  both
• 4:26
  ways
• 4:26
  before
• 4:26
  you
• 4:27
  cross
• 4:27
  the
• 4:27
  street.
• 4:27
  And
• 4:28
  it's
• 4:28
  not
• 4:29
  risky
• 4:29
  like
• 4:30
  throwing
• 4:31
  money
• 4:31
  into
• 4:31
  your
• 4:32
  mate's
• 4:32
  business
• 4:33
  idea
• 4:33
  to
• 4:34
  start
• 4:34
  up
• 4:34
  a
• 4:34
  new
• 4:35
  cryptocurrency
• 4:35
  with
• 4:36
  no
• 4:37
  experience
• 4:37
  in
• 4:38
  anything
• 4:38
  like
• 4:38
  that.
• 4:39
  That
• 4:39
  is
• 4:39
  tossing
• 4:40
  your
• 4:40
  money
• 4:40
  into
• 4:41
  dumb
• 4:41
  stuff,
• 4:42
  not
• 4:42
  making
• 4:42
  risky
• 4:43
  investments.
• 4:43
  Sorry,
• 4:44
  rude,
• 4:45
  I
• 4:45
  know,
• 4:45
  but
• 4:46
  sometimes
• 4:46
  I
• 4:46
  just
• 4:46
  got
• 4:46
  to
• 4:47
  say
• 4:47
  these
• 4:47
  things.
• 4:48
  In
• 4:48
  the
• 4:48
  investing
• 4:49
  world,
• 4:49
  risk
• 4:50
  means
• 4:50
  something
• 4:51
  different.
• 4:51
  It's
• 4:52
  basically
• 4:52
  how
• 4:53
  volatile
• 4:54
  something
• 4:54
  is,
• 4:55
  which
• 4:55
  is
• 4:55
  just
• 4:56
  finance
• 4:56
  world
• 4:57
  talk.
• 4:57
  For
• 4:58
  how
• 4:58
  much
• 4:59
  something
• 4:59
  goes
• 4:59
  up
• 5:00
  and
• 5:00
  down.
• 5:01
  Volatile
• 5:02
  is
• 5:02
  it
• 5:03
  bouncing
• 5:03
  around
• 5:04
  and
• 5:05
  that
• 5:05
  translates
• 5:06
  to
• 5:06
  risk.
• 5:07
  It
• 5:07
  might
• 5:07
  give
• 5:07
  you
• 5:07
  money
• 5:08
  hand
• 5:08
  over
• 5:08
  fist
• 5:09
  one
• 5:09
  year,
• 5:09
  it
• 5:10
  might
• 5:10
  give
• 5:10
  you
• 5:10
  absolutely
• 5:11
  nothing
• 5:12
  the
• 5:12
  next.
• 5:13
  That's
• 5:14
  why
• 5:15
  risky
• 5:15
  assets
• 5:16
  need
• 5:16
  time.
• 5:16
  Because
• 5:17
  over
• 5:17
  several
• 5:18
  years
• 5:19
  it
• 5:20
  smooths
• 5:20
  out.
• 5:21
  Those
• 5:21
  hand
• 5:21
  over
• 5:22
  fist
• 5:22
  times
• 5:23
  outweigh
• 5:24
  the
• 5:25
  bad
• 5:25
  stuff
• 5:25
  that
• 5:25
  happens
• 5:26
  in
• 5:26
  the
• 5:26
  low
• 5:26
  years.
• 5:27
  You
• 5:27
  just
• 5:28
  don't
• 5:28
  know
• 5:28
  ahead
• 5:28
  of
• 5:29
  time
• 5:29
  which
• 5:30
  year
• 5:30
  will
• 5:30
  be
• 5:31
  which.
• 5:31
  Whatever
• 5:31
  the
• 5:32
  gurus
• 5:32
  say,
• 5:33
  nobody
• 5:33
  knows
• 5:34
  ahead
• 5:34
  of
• 5:34
  time.
• 5:34
  You've
• 5:35
  got
• 5:35
  to
• 5:35
  give
• 5:35
  it
• 5:36
  that
• 5:36
  time.
• 5:37
  But
• 5:37
  they
• 5:37
  are
• 5:37
  still
• 5:37
  proven
• 5:38
  investments
• 5:39
  with
• 5:39
  known
• 5:40
  outcomes.
• 5:41
  They're
• 5:42
  just
• 5:42
  going
• 5:42
  to
• 5:42
  bounce
• 5:43
  around
• 5:43
  at
• 5:44
  different
• 5:44
  levels
• 5:45
  on
• 5:45
  the
• 5:45
  way
• 5:45
  to
• 5:46
  making
• 5:46
  you
• 5:46
  money.
• 5:47
  So
• 5:47
  if
• 5:47
  you
• 5:48
  are
• 5:48
  younger,
• 5:49
  you
• 5:49
  can
• 5:49
  dive
• 5:50
  into
• 5:50
  investing
• 5:50
  more
• 5:51
  forcefully
• 5:51
  because
• 5:52
  you
• 5:52
  have
• 5:52
  more
• 5:53
  time
• 5:53
  to
• 5:54
  ride
• 5:54
  out
• 5:54
  the
• 5:54
  waves.
• 5:55
  Now,
• 5:56
  the
• 5:56
  rule
• 5:56
  of
• 5:56
  100
• 5:58
  gives
• 5:58
  us
• 5:58
  a
• 5:58
  baseline
• 5:59
  to
• 5:59
  help
• 6:00
  us
• 6:00
  figure
• 6:00
  that
• 6:00
  out.
• 6:01
  What
• 6:01
  is
• 6:02
  the
• 6:02
  rule
• 6:02
  of
• 6:02
  100?
• 6:04
  Take
• 6:04
  your
• 6:04
  age,
• 6:05
  subtract
• 6:06
  it
• 6:06
  from
• 6:07
  100
• 6:07
  and
• 6:08
  what's
• 6:08
  left
• 6:09
  is
• 6:09
  the
• 6:09
  percentage
• 6:10
  of
• 6:10
  your
• 6:10
  money
• 6:10
  that
• 6:11
  you,
• 6:11
  according
• 6:11
  to
• 6:12
  this
• 6:12
  rule,
• 6:12
  should
• 6:13
  put
• 6:13
  into
• 6:14
  riskier
• 6:15
  high
• 6:15
  growth
• 6:15
  investments
• 6:16
  like
• 6:17
  shares
• 6:18
  and
• 6:18
  property.
• 6:20
  The
• 6:20
  Rest
• 6:20
  should
• 6:21
  be
• 6:21
  in
• 6:21
  cash
• 6:22
  savings
• 6:22
  or
• 6:23
  less
• 6:23
  risky
• 6:24
  investments
• 6:24
  like
• 6:25
  bonds.
• 6:25
  This
• 6:26
  works
• 6:26
  as
• 6:26
  a
• 6:26
  rule
• 6:27
  of
• 6:27
  thumb
• 6:27
  for
• 6:27
  the
• 6:27
  average
• 6:28
  person
• 6:28
  because
• 6:29
  it
• 6:29
  immediately
• 6:30
  demonstrates
• 6:30
  that
• 6:31
  younger
• 6:31
  people
• 6:32
  can
• 6:32
  afford
• 6:32
  to
• 6:32
  go
• 6:33
  harder
• 6:33
  in
• 6:33
  building
• 6:33
  up
• 6:34
  wealth,
• 6:34
  generating
• 6:35
  higher
• 6:35
  risk
• 6:36
  investments.
• 6:37
  But
• 6:37
  they
• 6:37
  still
• 6:38
  need
• 6:38
  some
• 6:38
  safe
• 6:39
  money
• 6:39
  because
• 6:40
  life
• 6:40
  happens
• 6:41
  no
• 6:41
  matter
• 6:41
  what.
• 6:42
  You're
• 6:42
  still
• 6:42
  having
• 6:43
  a
• 6:43
  certain
• 6:43
  amount
• 6:44
  in
• 6:44
  the
• 6:44
  safety
• 6:45
  bucket.
• 6:46
  Meanwhile,
• 6:46
  older
• 6:47
  people
• 6:47
  need
• 6:48
  more
• 6:48
  cash
• 6:48
  on
• 6:49
  hand
• 6:49
  because
• 6:49
  they're
• 6:50
  in
• 6:50
  the
• 6:50
  spending
• 6:51
  phase
• 6:51
  of
• 6:52
  life.
• 6:52
  Without
• 6:53
  mentioning
• 6:54
  the
• 6:54
  D
• 6:55
  word,
• 6:56
  older
• 6:56
  people
• 6:56
  don't
• 6:57
  have
• 6:57
  as
• 6:57
  much
• 6:58
  time
• 6:58
  to
• 6:58
  ride
• 6:59
  out
• 6:59
  a
• 6:59
  market
• 6:59
  downturn
• 7:00
  and
• 7:00
  then
• 7:01
  cash
• 7:01
  in
• 7:01
  on
• 7:01
  the
• 7:02
  upswing.
• 7:03
  But
• 7:03
  they
• 7:03
  can
• 7:03
  still
• 7:03
  put
• 7:04
  a
• 7:04
  certain
• 7:04
  amount
• 7:05
  into
• 7:06
  riskier
• 7:06
  assets
• 7:07
  because,
• 7:07
  hey,
• 7:08
  nobody
• 7:09
  knows
• 7:09
  when
• 7:09
  death
• 7:10
  is
• 7:10
  coming.
• 7:11
  You
• 7:11
  could
• 7:11
  have
• 7:11
  a
• 7:11
  few
• 7:11
  decades
• 7:12
  of
• 7:13
  retirement
• 7:13
  years,
• 7:14
  in
• 7:14
  which
• 7:14
  case
• 7:15
  you
• 7:15
  do
• 7:15
  want
• 7:16
  some
• 7:16
  money
• 7:17
  still
• 7:17
  working
• 7:17
  and
• 7:18
  growing
• 7:19
  on
• 7:19
  your
• 7:19
  behalf.
• 7:20
  So
• 7:20
  for
• 7:21
  me,
• 7:22
  at
• 7:22
  38
• 7:23
  now,
• 7:24
  62%
• 7:25
  of
• 7:25
  my
• 7:25
  money
• 7:26
  according
• 7:26
  to
• 7:26
  this
• 7:26
  rule,
• 7:28
  goes
• 7:28
  into
• 7:29
  shares
• 7:29
  or
• 7:29
  other
• 7:30
  risky
• 7:31
  growth
• 7:31
  assets.
• 7:32
  Now,
• 7:32
  when
• 7:32
  I
• 7:32
  was
• 7:32
  in
• 7:32
  my
• 7:33
  20s,
• 7:33
  it
• 7:34
  would
• 7:34
  have
• 7:34
  been
• 7:34
  more.
• 7:35
  But
• 7:36
  of
• 7:37
  course,
• 7:37
  this
• 7:38
  is
• 7:38
  a
• 7:38
  general
• 7:38
  rule
• 7:38
  of
• 7:39
  thumb
• 7:39
  and
• 7:39
  from
• 7:39
  there
• 7:40
  you
• 7:41
  customize
• 7:41
  it
• 7:42
  to
• 7:42
  your
• 7:42
  own
• 7:42
  situation.
• 7:43
  So
• 7:43
  let's
• 7:44
  stick
• 7:44
  with
• 7:44
  me
• 7:44
  as
• 7:44
  an
• 7:44
  example
• 7:45
  because
• 7:45
  I
• 7:46
  know
• 7:46
  myself
• 7:46
  the
• 7:46
  best,
• 7:47
  and
• 7:47
  then
• 7:48
  we
• 7:48
  can
• 7:48
  lay
• 7:48
  out
• 7:48
  what
• 7:49
  works
• 7:49
  best
• 7:49
  for
• 7:49
  me.
• 7:49
  You
• 7:50
  can
• 7:50
  kind
• 7:50
  of
• 7:50
  see
• 7:50
  how
• 7:50
  this
• 7:50
  works
• 7:50
  in
• 7:50
  practice,
• 7:51
  figure
• 7:51
  out
• 7:51
  how
• 7:51
  to
• 7:51
  customize
• 7:52
  it
• 7:52
  for
• 7:52
  you.
• 7:52
  Right?
• 7:53
  So
• 7:53
  when
• 7:53
  I
• 7:53
  customize
• 7:54
  this
• 7:55
  rule
• 7:55
  of
• 7:55
  100
• 7:56
  for
• 7:56
  me,
• 7:56
  I
• 7:57
  think
• 7:57
  about
• 7:57
  how
• 7:58
  I'm
• 7:58
  ambitious
• 7:59
  with
• 8:00
  what
• 8:00
  I
• 8:00
  want
• 8:00
  to
• 8:00
  achieve
• 8:00
  with
• 8:01
  my
• 8:01
  money.
• 8:01
  I
• 8:01
  am
• 8:02
  in
• 8:02
  the
• 8:02
  building
• 8:02
  phase
• 8:03
  of
• 8:03
  my
• 8:04
  life,
• 8:04
  and
• 8:04
  I'm
• 8:05
  all
• 8:05
  in
• 8:05
  on
• 8:06
  building
• 8:06
  myself
• 8:07
  true
• 8:07
  financial
• 8:08
  independence.
• 8:09
  I'm
• 8:09
  fine
• 8:10
  with
• 8:10
  the
• 8:10
  costs
• 8:11
  that
• 8:11
  come
• 8:12
  with
• 8:12
  that.
• 8:12
  I
• 8:13
  am
• 8:13
  fine
• 8:14
  with
• 8:14
  the
• 8:14
  choices
• 8:15
  needed
• 8:15
  to
• 8:16
  make
• 8:16
  that
• 8:16
  happen
• 8:16
  because
• 8:17
  I
• 8:17
  see
• 8:17
  that
• 8:17
  end
• 8:17
  goal
• 8:18
  so
• 8:19
  worth
• 8:19
  it
• 8:19
  to
• 8:19
  me.
• 8:19
  I
• 8:20
  also
• 8:20
  trust
• 8:20
  myself
• 8:21
  to
• 8:21
  not
• 8:21
  panic
• 8:22
  when
• 8:23
  the
• 8:23
  market
• 8:23
  goes
• 8:23
  down.
• 8:24
  I
• 8:24
  know
• 8:25
  I'm
• 8:25
  not
• 8:25
  going
• 8:25
  to
• 8:25
  be
• 8:25
  yanking
• 8:26
  money
• 8:26
  out
• 8:27
  if
• 8:27
  something
• 8:28
  happens,
• 8:29
  you
• 8:29
  know,
• 8:29
  that
• 8:29
  would
• 8:30
  cause
• 8:30
  mayhem
• 8:31
  for
• 8:31
  future
• 8:31
  me.
• 8:31
  But
• 8:32
  I
• 8:32
  know
• 8:32
  I'm
• 8:32
  not
• 8:32
  gonna
• 8:33
  do
• 8:33
  that.
• 8:33
  I've
• 8:33
  already
• 8:33
  had
• 8:33
  a
• 8:34
  trial
• 8:34
  of
• 8:34
  fire
• 8:34
  in
• 8:34
  that
• 8:35
  big
• 8:35
  old
• 8:36
  COVID
• 8:36
  19
• 8:37
  crisis.
• 8:37
  I
• 8:38
  held
• 8:38
  my
• 8:38
  nerve
• 8:38
  through
• 8:38
  that,
• 8:39
  so
• 8:39
  that's
• 8:40
  good
• 8:40
  to
• 8:40
  know.
• 8:41
  I
• 8:41
  also
• 8:41
  have
• 8:42
  a
• 8:42
  good
• 8:42
  understanding
• 8:43
  of
• 8:43
  the
• 8:43
  share
• 8:43
  market,
• 8:44
  and
• 8:44
  that
• 8:45
  always
• 8:45
  calms
• 8:46
  your
• 8:46
  nerves.
• 8:46
  I
• 8:47
  think
• 8:47
  when
• 8:47
  things
• 8:48
  get
• 8:48
  weird,
• 8:49
  if
• 8:49
  you
• 8:49
  understand
• 8:51
  what's
• 8:51
  happening
• 8:51
  underneath
• 8:52
  it,
• 8:52
  you
• 8:53
  can
• 8:53
  kind
• 8:53
  of
• 8:53
  see
• 8:53
  what's
• 8:54
  causing
• 8:54
  the
• 8:54
  weirdness.
• 8:55
  And
• 8:56
  it
• 8:56
  doesn't
• 8:56
  make
• 8:56
  you
• 8:56
  feel
• 8:57
  as
• 8:57
  bad
• 8:57
  panicky
• 8:58
  when
• 8:58
  you
• 8:59
  can
• 8:59
  see
• 8:59
  what's
• 8:59
  happening.
• 9:00
  Why
• 9:00
  I've
• 9:01
  built
• 9:01
  up
• 9:01
  that
• 9:01
  life
• 9:02
  experience
• 9:03
  of
• 9:03
  some
• 9:04
  pretty
• 9:04
  gnarly
• 9:05
  market
• 9:05
  dips
• 9:06
  through
• 9:06
  my
• 9:06
  years
• 9:06
  investing.
• 9:07
  I
• 9:07
  know
• 9:08
  it
• 9:08
  can
• 9:08
  get
• 9:08
  weird
• 9:08
  out
• 9:08
  there
• 9:09
  and
• 9:09
  that
• 9:09
  it
• 9:09
  recovers.
• 9:10
  I
• 9:10
  also
• 9:10
  know
• 9:11
  as
• 9:12
  someone
• 9:12
  who
• 9:12
  is
• 9:13
  ambitious
• 9:14
  and
• 9:14
  wants
• 9:15
  financial
• 9:15
  independence,
• 9:16
  true
• 9:16
  financial
• 9:17
  independence
• 9:18
  and
• 9:18
  a
• 9:18
  good
• 9:19
  life,
• 9:19
  while
• 9:19
  I'm
• 9:20
  doing
• 9:20
  it,
• 9:20
  I
• 9:20
  have
• 9:20
  to
• 9:21
  ratchet
• 9:21
  up
• 9:21
  my
• 9:21
  efforts
• 9:22
  a
• 9:22
  little
• 9:22
  bit
• 9:23
  if
• 9:23
  I
• 9:23
  want
• 9:23
  to
• 9:23
  get
• 9:23
  to
• 9:24
  where
• 9:24
  I'm
• 9:24
  going
• 9:24
  these
• 9:25
  days.
• 9:25
  That
• 9:25
  means
• 9:26
  I
• 9:26
  would
• 9:26
  customize
• 9:27
  to
• 9:27
  having
• 9:27
  roughly
• 9:28
  80%
• 9:28
  of
• 9:29
  my
• 9:29
  money
• 9:29
  in
• 9:29
  growth
• 9:29
  assets.
• 9:30
  And
• 9:30
  for
• 9:30
  that,
• 9:31
  I'm
• 9:31
  talking
• 9:31
  about
• 9:31
  shares,
• 9:32
  property,
• 9:32
  and
• 9:33
  my
• 9:33
  business.
• 9:34
  You
• 9:34
  know,
• 9:35
  these
• 9:35
  are
• 9:35
  things
• 9:35
  that
• 9:35
  I
• 9:35
  invest
• 9:36
  in.
• 9:36
  They
• 9:37
  have
• 9:37
  quite
• 9:37
  a
• 9:38
  bit
• 9:38
  of
• 9:38
  risk
• 9:38
  to
• 9:38
  them,
• 9:39
  but
• 9:39
  they
• 9:40
  are
• 9:40
  designed
• 9:40
  to
• 9:41
  grow
• 9:41
  my
• 9:41
  income.
• 9:42
  But
• 9:42
  even
• 9:42
  as
• 9:42
  someone
• 9:43
  who
• 9:43
  is
• 9:43
  quite
• 9:44
  aggressive
• 9:44
  with
• 9:44
  my
• 9:44
  money,
• 9:45
  it's
• 9:45
  not
• 9:46
  a
• 9:46
  hundred
• 9:46
  percent
• 9:46
  of
• 9:46
  my
• 9:47
  money
• 9:47
  that
• 9:47
  goes
• 9:47
  into
• 9:47
  growth
• 9:48
  assets,
• 9:48
  because
• 9:49
  that
• 9:49
  would
• 9:49
  totally
• 9:50
  unbalance
• 9:50
  things.
• 9:51
  It
• 9:51
  would
• 9:51
  be
• 9:52
  like
• 9:52
  a
• 9:52
  company
• 9:53
  with
• 9:54
  all
• 9:54
  marketers
• 9:54
  and
• 9:55
  no
• 9:55
  accountants.
• 9:56
  We
• 9:57
  just
• 9:57
  can't
• 9:58
  be
• 9:58
  doing
• 9:58
  that.
• 9:59
  However
• 9:59
  you
• 10:00
  might
• 10:00
  feel
• 10:00
  about
• 10:00
  that,
• 10:01
  we
• 10:01
  can't
• 10:02
  be
• 10:02
  doing
• 10:02
  that.
• 10:02
  We'll
• 10:02
  get
• 10:02
  into
• 10:03
  that
• 10:03
  more
• 10:03
  in
• 10:03
  a
• 10:03
  second.
• 10:03
  But
• 10:04
  right
• 10:04
  now
• 10:05
  I
• 10:05
  want
• 10:06
  you
• 10:06
  to
• 10:06
  think
• 10:06
  about
• 10:07
  the
• 10:07
  rule
• 10:07
  of
• 10:07
  100.
• 10:09
  Get
• 10:09
  your
• 10:09
  baseline
• 10:10
  number
• 10:10
  there
• 10:11
  and
• 10:11
  then
• 10:11
  think
• 10:12
  about
• 10:12
  how
• 10:13
  much
• 10:13
  you
• 10:13
  might
• 10:13
  or
• 10:14
  might
• 10:14
  not
• 10:14
  be
• 10:15
  boosting
• 10:15
  that.
• 10:16
  Think
• 10:16
  about
• 10:16
  your
• 10:17
  goals,
• 10:18
  your
• 10:18
  risk
• 10:18
  appetite,
• 10:20
  how
• 10:20
  money
• 10:20
  makes
• 10:21
  you
• 10:21
  feel.
• 10:22
  Are
• 10:23
  you
• 10:23
  calm?
• 10:23
  Do
• 10:23
  you
• 10:24
  feel
• 10:24
  in
• 10:24
  control?
• 10:25
  Does
• 10:25
  it
• 10:25
  make
• 10:25
  you
• 10:25
  a
• 10:25
  bit
• 10:26
  nervous?
• 10:26
  And
• 10:27
  then
• 10:27
  you
• 10:27
  can
• 10:27
  adapt
• 10:28
  from
• 10:28
  there.
• 10:28
  You
• 10:28
  can
• 10:28
  ratchet
• 10:29
  up,
• 10:29
  ratchet
• 10:29
  down,
• 10:29
  depending
• 10:30
  on
• 10:30
  what
• 10:30
  you've
• 10:31
  answered.
• 10:32
  So
• 10:32
  I
• 10:32
  really
• 10:32
  like
• 10:32
  the
• 10:33
  rule
• 10:33
  of
• 10:33
  100
• 10:33
  as
• 10:33
  a
• 10:34
  place
• 10:34
  to
• 10:34
  start
• 10:34
  in
• 10:35
  figuring
• 10:35
  out
• 10:35
  your
• 10:36
  own
• 10:36
  money
• 10:36
  timeline.
• 10:37
  But
• 10:37
  then
• 10:37
  why,
• 10:38
  even
• 10:38
  as
• 10:38
  someone
• 10:39
  who's
• 10:39
  quite
• 10:39
  aggressive
• 10:40
  with
• 10:40
  my
• 10:40
  money,
• 10:41
  why
• 10:41
  do
• 10:42
  I
• 10:42
  still
• 10:42
  have
• 10:42
  some
• 10:42
  of
• 10:43
  it
• 10:43
  in
• 10:44
  safer,
• 10:44
  more
• 10:44
  boring
• 10:45
  places?
• 10:46
  Because
• 10:46
  we
• 10:47
  like
• 10:47
  to
• 10:47
  supercharge
• 10:48
  without
• 10:49
  getting
• 10:49
  into
• 10:49
  hot
• 10:50
  water.
• 10:50
  Because
• 10:51
  once
• 10:51
  again,
• 10:51
  we're
• 10:52
  organizing
• 10:52
  our
• 10:53
  money
• 10:53
  by
• 10:53
  time.
• 10:54
  And
• 10:55
  time
• 10:56
  helps
• 10:56
  us
• 10:56
  understand
• 10:57
  just
• 10:57
  how
• 10:57
  hard
• 10:58
  we
• 10:58
  can
• 10:58
  go
• 10:59
  on
• 10:59
  things
• 10:59
  like
• 11:00
  investing
• 11:01
  without
• 11:02
  leaving
• 11:02
  ourselves
• 11:02
  with
• 11:03
  no
• 11:03
  safety
• 11:03
  net
• 11:03
  for
• 11:04
  life's
• 11:04
  little
• 11:05
  fun
• 11:06
  challenges.
• 11:07
  So
• 11:07
  when
• 11:07
  it
• 11:07
  comes
• 11:07
  to
• 11:08
  organizing
• 11:08
  our
• 11:08
  money
• 11:09
  employees,
• 11:10
  most
• 11:10
  of
• 11:10
  us
• 11:10
  need
• 11:11
  a
• 11:11
  mix
• 11:12
  with
• 11:12
  things
• 11:13
  like
• 11:13
  cash
• 11:13
  savings
• 11:14
  accounts,
• 11:15
  then
• 11:15
  shorter
• 11:16
  term
• 11:16
  investments
• 11:17
  like
• 11:17
  bonds,
• 11:18
  and
• 11:18
  long
• 11:19
  term
• 11:19
  investments
• 11:19
  like
• 11:20
  shares
• 11:20
  or
• 11:20
  property.
• 11:21
  That
• 11:22
  mix
• 11:23
  is
• 11:23
  where
• 11:23
  it
• 11:24
  can
• 11:24
  get
• 11:24
  tricky.
• 11:25
  But
• 11:25
  you
• 11:25
  can
• 11:26
  work
• 11:26
  that
• 11:26
  out
• 11:26
  by
• 11:27
  considering
• 11:28
  now
• 11:28
  money,
• 11:30
  soon
• 11:30
  money,
• 11:32
  and
• 11:32
  later
• 11:32
  money.
• 11:33
  So
• 11:33
  you
• 11:33
  think
• 11:34
  about
• 11:34
  how
• 11:35
  soon
• 11:36
  do
• 11:36
  you
• 11:36
  need
• 11:36
  the
• 11:37
  money
• 11:37
  when
• 11:37
  you
• 11:37
  have
• 11:38
  that
• 11:38
  now
• 11:38
  money
• 11:38
  that
• 11:39
  you
• 11:39
  need
• 11:39
  for
• 11:40
  current
• 11:40
  bills,
• 11:41
  anything
• 11:41
  that
• 11:41
  life
• 11:42
  might
• 11:43
  spring
• 11:43
  on
• 11:43
  you
• 11:44
  now,
• 11:44
  as
• 11:45
  the
• 11:45
  name
• 11:45
  would
• 11:45
  suggest,
• 11:46
  you
• 11:46
  have
• 11:46
  soon
• 11:47
  money,
• 11:48
  that
• 11:48
  is
• 11:48
  for
• 11:48
  bigger
• 11:49
  life
• 11:49
  issues
• 11:50
  that
• 11:50
  could
• 11:51
  pop
• 11:51
  up.
• 11:51
  They're
• 11:52
  not
• 11:52
  entirely
• 11:53
  unexpected,
• 11:54
  but
• 11:55
  they're
• 11:55
  not
• 11:55
  here
• 11:56
  right
• 11:56
  now,
• 11:56
  today.
• 11:57
  And
• 11:57
  then
• 11:57
  you
• 11:57
  have
• 11:57
  later
• 11:58
  money
• 11:59
  for
• 11:59
  building
• 11:59
  your
• 11:59
  future
• 12:00
  with
• 12:01
  your
• 12:01
  now
• 12:02
  money
• 12:02
  is
• 12:02
  things
• 12:02
  like
• 12:03
  your
• 12:03
  everyday
• 12:04
  bank
• 12:04
  account
• 12:05
  and
• 12:05
  a
• 12:05
  savings
• 12:06
  account
• 12:06
  and
• 12:07
  you
• 12:07
  can
• 12:07
  access
• 12:07
  immediately.
• 12:08
  You
• 12:08
  would
• 12:08
  have
• 12:09
  at
• 12:09
  least
• 12:09
  one
• 12:09
  month
• 12:10
  of
• 12:10
  expenses
• 12:10
  in
• 12:11
  those
• 12:11
  savings.
• 12:12
  You
• 12:12
  can
• 12:13
  expect
• 12:13
  maybe
• 12:14
  1
• 12:14
  to
• 12:15
  2%
• 12:15
  back
• 12:16
  on
• 12:16
  that
• 12:16
  from
• 12:17
  interest
• 12:17
  rates.
• 12:17
  And
• 12:18
  then
• 12:18
  you
• 12:18
  have
• 12:18
  money
• 12:18
  that
• 12:18
  you
• 12:18
  might
• 12:19
  need
• 12:19
  in
• 12:20
  one
• 12:20
  to
• 12:20
  six
• 12:20
  months.
• 12:21
  That's
• 12:22
  cash
• 12:22
  still,
• 12:23
  but
• 12:23
  in
• 12:23
  a
• 12:23
  higher
• 12:24
  interest
• 12:24
  savings
• 12:25
  account
• 12:25
  that
• 12:25
  you
• 12:25
  can
• 12:25
  access
• 12:26
  in
• 12:26
  a
• 12:26
  few
• 12:26
  days.
• 12:27
  And
• 12:27
  from
• 12:27
  that
• 12:27
  you
• 12:28
  could
• 12:28
  expect
• 12:28
  returns
• 12:29
  of
• 12:29
  maybe
• 12:30
  a
• 12:30
  smidge
• 12:31
  over
• 12:31
  2%.
• 12:32
  If
• 12:32
  you
• 12:32
  don't
• 12:32
  think
• 12:33
  you
• 12:33
  need
• 12:33
  that
• 12:33
  money
• 12:33
  for
• 12:33
  six
• 12:34
  to
• 12:34
  12
• 12:34
  months,
• 12:35
  then
• 12:36
  you
• 12:36
  can
• 12:36
  look
• 12:36
  at
• 12:36
  something
• 12:37
  like
• 12:37
  rotating
• 12:38
  term
• 12:38
  deposits
• 12:39
  where
• 12:39
  they
• 12:39
  all
• 12:40
  sort
• 12:40
  of
• 12:40
  mature
• 12:40
  at
• 12:41
  different
• 12:41
  times
• 12:42
  so
• 12:42
  that
• 12:42
  you
• 12:42
  get
• 12:43
  a
• 12:43
  decent
• 12:43
  interest
• 12:44
  rate
• 12:44
  but
• 12:44
  you
• 12:45
  can
• 12:45
  still
• 12:45
  access
• 12:46
  funds
• 12:47
  within
• 12:47
  just
• 12:47
  a
• 12:47
  few
• 12:48
  months.
• 12:48
  It's
• 12:49
  not
• 12:49
  totally
• 12:49
  locked
• 12:50
  away.
• 12:50
  So
• 12:50
  for
• 12:50
  that
• 12:51
  you
• 12:51
  can
• 12:51
  expect
• 12:52
  returns
• 12:52
  of
• 12:53
  around
• 12:53
  3%.
• 12:54
  Then
• 12:54
  maybe
• 12:54
  if
• 12:54
  you
• 12:55
  don't
• 12:55
  need
• 12:55
  to
• 12:55
  access
• 12:55
  it
• 12:56
  for
• 12:56
  one
• 12:56
  to
• 12:57
  five
• 12:57
  years,
• 12:57
  you
• 12:58
  know,
• 12:58
  you
• 12:58
  might
• 12:58
  have
• 12:58
  some
• 12:58
  stuff
• 12:59
  coming
• 12:59
  up,
• 12:59
  but
• 13:00
  it's,
• 13:00
  it's
• 13:00
  not
• 13:00
  immediate.
• 13:01
  That's
• 13:01
  things
• 13:02
  like
• 13:02
  bonds
• 13:03
  or
• 13:04
  fixed
• 13:04
  income
• 13:05
  investments.
• 13:05
  And
• 13:06
  for
• 13:06
  that
• 13:06
  you
• 13:07
  might
• 13:07
  get
• 13:08
  3
• 13:08
  to
• 13:08
  5%
• 13:09
  and
• 13:10
  then
• 13:10
  your
• 13:10
  proper
• 13:10
  long
• 13:11
  term
• 13:11
  money,
• 13:11
  five
• 13:12
  years
• 13:12
  or
• 13:12
  more,
• 13:13
  shares,
• 13:14
  property
• 13:15
  investment.
• 13:15
  And
• 13:15
  for
• 13:16
  that
• 13:16
  it's,
• 13:17
  we're
• 13:17
  looking
• 13:18
  at
• 13:18
  sort
• 13:18
  of
• 13:19
  over
• 13:19
  7%
• 13:21
  per
• 13:21
  year.
• 13:22
  That's
• 13:22
  smoothed
• 13:23
  out
• 13:23
  over
• 13:23
  a
• 13:23
  period
• 13:24
  of
• 13:24
  years
• 13:24
  right
• 13:24
  now
• 13:25
  obviously
• 13:25
  this
• 13:25
  is
• 13:25
  all
• 13:25
  a
• 13:26
  general
• 13:26
  rule
• 13:26
  of
• 13:26
  thumb,
• 13:27
  but
• 13:27
  they
• 13:27
  give
• 13:27
  us
• 13:28
  a
• 13:28
  starting
• 13:29
  place
• 13:29
  for
• 13:29
  understanding
• 13:30
  it
• 13:30
  all.
• 13:31
  And
• 13:31
  again
• 13:32
  you're
• 13:32
  seeing
• 13:32
  the
• 13:32
  time
• 13:33
  factor
• 13:33
  here,
• 13:33
  right?
• 13:34
  So
• 13:35
  now
• 13:35
  money
• 13:36
  is
• 13:36
  life
• 13:37
  right
• 13:37
  now.
• 13:38
  Bills,
• 13:39
  sudden
• 13:40
  surprises.
• 13:41
  Soon
• 13:41
  money
• 13:42
  might
• 13:43
  be
• 13:43
  things
• 13:43
  like
• 13:44
  emergency
• 13:45
  savings
• 13:45
  or
• 13:46
  you
• 13:46
  need
• 13:46
  cash
• 13:46
  for
• 13:47
  if
• 13:47
  you
• 13:47
  lose
• 13:47
  your
• 13:47
  job,
• 13:48
  your
• 13:48
  car
• 13:48
  develops
• 13:49
  a
• 13:49
  fatal
• 13:49
  problem
• 13:49
  or
• 13:50
  your
• 13:50
  partner
• 13:51
  leaves
• 13:51
  you
• 13:51
  and
• 13:51
  you
• 13:52
  have
• 13:52
  to
• 13:52
  pay
• 13:52
  all
• 13:52
  the
• 13:52
  bills
• 13:53
  by
• 13:53
  yourself.
• 13:53
  Sorry
• 13:54
  it's
• 13:54
  all
• 13:54
  a
• 13:54
  little
• 13:54
  grim
• 13:54
  here,
• 13:55
  but
• 13:55
  they're
• 13:55
  also
• 13:55
  incredibly
• 13:56
  common
• 13:57
  problems
• 13:57
  that
• 13:57
  you
• 13:58
  need
• 13:58
  to
• 13:58
  be
• 13:58
  prepared
• 13:58
  for.
• 13:59
  Those
• 13:59
  savings
• 14:00
  will
• 14:00
  go
• 14:00
  into
• 14:00
  an
• 14:00
  account
• 14:01
  that's
• 14:01
  hard
• 14:02
  to
• 14:02
  access
• 14:02
  but
• 14:02
  not
• 14:03
  impossible.
• 14:03
  You
• 14:04
  don't
• 14:04
  want
• 14:04
  to
• 14:05
  see
• 14:05
  it
• 14:05
  day
• 14:06
  to
• 14:06
  day
• 14:06
  and
• 14:06
  be
• 14:06
  tempted,
• 14:07
  but
• 14:07
  you
• 14:07
  also
• 14:08
  want
• 14:08
  to
• 14:08
  be
• 14:08
  able
• 14:08
  to
• 14:08
  get
• 14:09
  that
• 14:09
  cash
• 14:10
  quite
• 14:10
  quickly
• 14:11
  if
• 14:11
  you
• 14:11
  need
• 14:12
  to.
• 14:13
  Quick
• 14:13
  interruption
• 14:14
  to
• 14:14
  say
• 14:14
  if
• 14:14
  you're
• 14:15
  enjoying
• 14:15
  this
• 14:15
  episode,
• 14:16
  you'll
• 14:16
  love
• 14:16
  the
• 14:17
  Market
• 14:17
  Memo,
• 14:18
  my
• 14:18
  weekly
• 14:18
  newsletter
• 14:19
  where
• 14:19
  I
• 14:19
  teach
• 14:19
  you
• 14:20
  how
• 14:20
  to
• 14:20
  actually
• 14:20
  invest.
• 14:21
  No
• 14:22
  jargon,
• 14:22
  no
• 14:23
  spreadsheets,
• 14:23
  just
• 14:24
  real
• 14:24
  talk
• 14:24
  about
• 14:25
  shares
• 14:25
  and
• 14:26
  how
• 14:26
  to
• 14:26
  make
• 14:26
  your
• 14:26
  money
• 14:27
  work
• 14:27
  for
• 14:27
  you.
• 14:27
  It's
• 14:28
  the
• 14:28
  thing
• 14:28
  I
• 14:28
  wish
• 14:28
  I'd
• 14:29
  had
• 14:29
  when
• 14:29
  I
• 14:29
  was
• 14:29
  starting
• 14:30
  out.
• 14:30
  You
• 14:31
  can
• 14:31
  sign
• 14:31
  up
• 14:31
  for
• 14:31
  free
• 14:32
  at
• 14:32
  Franciscook
• 14:33
  Co
• 14:34
  nz
• 14:34
  Slash
• 14:35
  Invest.
• 14:35
  That's
• 14:36
  Franciscook
• 14:37
  Co
• 14:37
  NZ
• 14:38
  Invest.
• 14:39
  But
• 14:39
  don't
• 14:39
  worry,
• 14:39
  I'll
• 14:40
  Put
• 14:40
  the
• 14:40
  link
• 14:40
  in
• 14:40
  the
• 14:41
  show
• 14:41
  notes
• 14:41
  and
• 14:41
  the
• 14:41
  description
• 14:42
  of
• 14:42
  this
• 14:43
  podcast.
• 14:44
  All
• 14:44
  right,
• 14:44
  back
• 14:44
  to
• 14:45
  it.
• 14:45
  I
• 14:46
  think
• 14:46
  the
• 14:46
  trickiest
• 14:47
  part
• 14:47
  with
• 14:49
  this
• 14:49
  money,
• 14:49
  especially
• 14:50
  anything
• 14:50
  that
• 14:50
  you're
• 14:51
  keeping
• 14:51
  in
• 14:51
  cash
• 14:52
  in
• 14:52
  savings
• 14:52
  accounts,
• 14:53
  is
• 14:54
  getting
• 14:54
  used
• 14:55
  to
• 14:55
  the
• 14:55
  idea
• 14:56
  that
• 14:57
  this
• 14:57
  money
• 14:58
  won't
• 14:58
  be
• 14:59
  doing
• 14:59
  much
• 14:59
  work
• 14:59
  for
• 15:00
  you.
• 15:00
  It's
• 15:00
  not
• 15:00
  building,
• 15:01
  it's
• 15:02
  not
• 15:02
  the
• 15:02
  later
• 15:02
  money,
• 15:03
  it's
• 15:03
  not
• 15:03
  earning
• 15:04
  much.
• 15:04
  This
• 15:04
  is
• 15:04
  a
• 15:05
  dollar
• 15:05
  employee
• 15:06
  that
• 15:06
  you
• 15:06
  could
• 15:06
  look
• 15:06
  at
• 15:06
  and
• 15:07
  think
• 15:08
  you
• 15:08
  aren't
• 15:08
  doing
• 15:09
  much.
• 15:09
  Because
• 15:10
  the
• 15:10
  general
• 15:10
  rule
• 15:11
  is,
• 15:11
  and
• 15:12
  again,
• 15:12
  this
• 15:13
  is
• 15:13
  where
• 15:13
  you're
• 15:13
  going
• 15:13
  to
• 15:13
  see
• 15:14
  the
• 15:14
  money
• 15:14
  time
• 15:14
  relationship.
• 15:16
  The
• 15:16
  general
• 15:16
  rule
• 15:17
  is
• 15:17
  the
• 15:17
  easier
• 15:18
  and
• 15:18
  the
• 15:19
  faster
• 15:19
  it
• 15:19
  is
• 15:20
  to
• 15:20
  get
• 15:21
  to
• 15:21
  that
• 15:21
  money,
• 15:22
  the
• 15:22
  less
• 15:22
  you
• 15:23
  earn
• 15:23
  on
• 15:23
  it.
• 15:24
  So
• 15:24
  you
• 15:24
  might
• 15:24
  be
• 15:25
  tempted
• 15:25
  to
• 15:26
  take
• 15:26
  that
• 15:26
  money
• 15:26
  and
• 15:26
  throw
• 15:27
  it
• 15:27
  into
• 15:27
  the
• 15:27
  share
• 15:27
  market
• 15:28
  for
• 15:28
  a
• 15:28
  bit
• 15:29
  because
• 15:29
  you're
• 15:29
  saying,
• 15:30
  hey,
• 15:30
  it's
• 15:30
  earning
• 15:30
  great
• 15:31
  right
• 15:31
  now
• 15:31
  and
• 15:32
  I
• 15:32
  can
• 15:32
  pull
• 15:33
  it
• 15:33
  back
• 15:33
  out
• 15:33
  if
• 15:34
  it's
• 15:34
  needed.
• 15:34
  Why
• 15:34
  should
• 15:35
  I
• 15:35
  miss
• 15:35
  out
• 15:36
  on
• 15:36
  the
• 15:36
  money
• 15:37
  it
• 15:37
  could
• 15:37
  be
• 15:37
  earning
• 15:37
  me?
• 15:38
  That
• 15:38
  could
• 15:38
  get
• 15:38
  me
• 15:38
  ahead
• 15:38
  faster.
• 15:39
  But
• 15:41
  clever
• 15:41
  ideas
• 15:42
  like
• 15:42
  this,
• 15:43
  and
• 15:43
  I'm
• 15:43
  saying
• 15:43
  clever
• 15:44
  ideas
• 15:44
  in
• 15:44
  quotation
• 15:45
  marks
• 15:45
  there,
• 15:46
  it
• 15:46
  misses
• 15:47
  the
• 15:47
  point
• 15:48
  that
• 15:49
  money
• 15:49
  is
• 15:49
  your
• 15:49
  safety.
• 15:50
  Safety
• 15:51
  means
• 15:52
  you
• 15:52
  don't
• 15:52
  earn
• 15:53
  much
• 15:53
  on
• 15:53
  it.
• 15:53
  But
• 15:53
  that
• 15:54
  safety
• 15:54
  is
• 15:55
  also
• 15:55
  what
• 15:55
  allows
• 15:56
  you
• 15:57
  to
• 15:57
  earn
• 15:58
  more
• 15:58
  elsewhere.
• 15:59
  It
• 16:00
  is
• 16:00
  part
• 16:00
  of
• 16:00
  the
• 16:00
  system.
• 16:00
  You
• 16:01
  need
• 16:01
  it.
• 16:01
  Because
• 16:02
  here's
• 16:02
  the
• 16:02
  other
• 16:02
  part
• 16:02
  of
• 16:03
  it.
• 16:03
  The
• 16:03
  faster
• 16:03
  you
• 16:04
  can
• 16:04
  access
• 16:04
  that
• 16:04
  money,
• 16:05
  the
• 16:06
  less
• 16:06
  you
• 16:06
  will
• 16:06
  earn
• 16:07
  on
• 16:07
  it.
• 16:08
  But
• 16:08
  the
• 16:09
  other
• 16:09
  part
• 16:10
  of
• 16:10
  that
• 16:10
  money
• 16:10
  and
• 16:11
  time
• 16:11
  equation,
• 16:12
  you
• 16:12
  have
• 16:13
  to
• 16:13
  make
• 16:13
  that
• 16:14
  sacrifice.
• 16:14
  In
• 16:15
  some
• 16:15
  areas
• 16:16
  it
• 16:16
  is
• 16:16
  important,
• 16:18
  but
• 16:18
  we
• 16:19
  have
• 16:19
  to
• 16:19
  balance
• 16:19
  that
• 16:20
  by
• 16:21
  making
• 16:21
  sure
• 16:21
  you
• 16:21
  only
• 16:22
  sacrifice
• 16:22
  what
• 16:22
  you
• 16:22
  need
• 16:23
  to
• 16:23
  and
• 16:23
  nothing
• 16:23
  more.
• 16:24
  That's
• 16:24
  why
• 16:24
  you've
• 16:25
  got
• 16:25
  to
• 16:25
  understand
• 16:26
  the
• 16:26
  money
• 16:27
  and
• 16:27
  time
• 16:27
  relationship.
• 16:28
  So
• 16:28
  why
• 16:29
  do
• 16:29
  we
• 16:29
  make
• 16:29
  that
• 16:30
  sacrifice
• 16:31
  of
• 16:31
  some
• 16:31
  money
• 16:32
  being
• 16:32
  in
• 16:32
  cash
• 16:32
  savings?
• 16:34
  Because
• 16:35
  you
• 16:35
  can't
• 16:35
  be
• 16:36
  cashing
• 16:36
  out
• 16:36
  of
• 16:36
  shares
• 16:37
  when
• 16:38
  you
• 16:38
  have
• 16:38
  an
• 16:38
  emergency
• 16:38
  in
• 16:38
  your
• 16:39
  life.
• 16:39
  The
• 16:39
  emergency
• 16:40
  could
• 16:41
  be
• 16:41
  that
• 16:41
  you've
• 16:42
  lost
• 16:42
  your
• 16:42
  job,
• 16:42
  which
• 16:43
  is
• 16:43
  happening
• 16:44
  because
• 16:44
  the
• 16:45
  economy
• 16:45
  has
• 16:46
  suddenly
• 16:46
  tanked.
• 16:47
  It's
• 16:47
  absolutely
• 16:48
  a
• 16:48
  possibility
• 16:49
  right
• 16:49
  now.
• 16:49
  And
• 16:49
  if
• 16:50
  that
• 16:50
  is
• 16:50
  the
• 16:50
  case,
• 16:51
  then
• 16:51
  your
• 16:51
  shares
• 16:52
  will
• 16:52
  also
• 16:52
  be
• 16:53
  worth
• 16:53
  less
• 16:54
  because,
• 16:54
  well,
• 16:55
  the
• 16:56
  economy
• 16:56
  is
• 16:57
  tanking
• 16:58
  and
• 16:58
  you'll
• 16:59
  be
• 16:59
  forced
• 16:59
  to
• 16:59
  sell
• 16:59
  them
• 17:00
  when
• 17:00
  they're
• 17:00
  worth
• 17:01
  less,
• 17:01
  possibly
• 17:02
  a
• 17:02
  lot
• 17:03
  less.
• 17:04
  When
• 17:04
  the
• 17:04
  share
• 17:04
  market
• 17:05
  goes
• 17:05
  down,
• 17:05
  it
• 17:05
  can
• 17:06
  really
• 17:06
  go
• 17:06
  down.
• 17:07
  And
• 17:07
  that's
• 17:07
  fine
• 17:08
  if
• 17:09
  you
• 17:09
  can
• 17:09
  sit
• 17:09
  back
• 17:10
  and
• 17:10
  wait
• 17:10
  it
• 17:11
  out.
• 17:11
  I've
• 17:11
  done
• 17:11
  that
• 17:11
  before,
• 17:12
  more
• 17:12
  than
• 17:12
  once
• 17:13
  overall.
• 17:14
  Made
• 17:14
  a
• 17:14
  lot
• 17:14
  of
• 17:14
  money
• 17:15
  by
• 17:15
  sitting
• 17:16
  back
• 17:16
  and
• 17:16
  waiting
• 17:16
  it
• 17:17
  out.
• 17:17
  But
• 17:17
  if
• 17:18
  you're
• 17:18
  forced
• 17:18
  to
• 17:19
  cash
• 17:19
  out
• 17:20
  at
• 17:20
  exactly
• 17:21
  those
• 17:21
  sorts
• 17:21
  of
• 17:22
  times
• 17:22
  because
• 17:23
  you've
• 17:23
  tried
• 17:23
  to
• 17:23
  pull
• 17:24
  a
• 17:24
  clever
• 17:24
  trick
• 17:24
  and
• 17:25
  get
• 17:25
  A
• 17:25
  little
• 17:25
  extra
• 17:26
  by
• 17:26
  putting
• 17:26
  your
• 17:26
  savings
• 17:27
  into
• 17:27
  shares,
• 17:28
  the
• 17:28
  emergency
• 17:28
  money
• 17:29
  you
• 17:29
  were
• 17:29
  relying
• 17:30
  on
• 17:30
  might
• 17:30
  be
• 17:31
  so
• 17:31
  much
• 17:31
  less
• 17:32
  than
• 17:32
  you
• 17:32
  need
• 17:33
  and
• 17:33
  you
• 17:33
  will
• 17:34
  lose
• 17:35
  so
• 17:35
  much
• 17:36
  more
• 17:36
  money
• 17:36
  overall
• 17:37
  than
• 17:37
  what
• 17:38
  you
• 17:38
  would
• 17:38
  have
• 17:38
  lost
• 17:39
  by
• 17:39
  just
• 17:40
  biting
• 17:40
  the
• 17:40
  bullet
• 17:41
  and
• 17:41
  putting
• 17:41
  some
• 17:41
  of
• 17:42
  that
• 17:42
  safety
• 17:42
  money
• 17:42
  into
• 17:43
  savings.
• 17:43
  It
• 17:44
  sucks.
• 17:44
  But
• 17:45
  those
• 17:45
  emergency
• 17:46
  savings
• 17:46
  need
• 17:46
  to
• 17:47
  stay
• 17:47
  in
• 17:47
  cash,
• 17:47
  easy
• 17:48
  to
• 17:48
  get
• 17:48
  if
• 17:48
  you
• 17:48
  need
• 17:48
  them
• 17:49
  and
• 17:49
  keeping
• 17:49
  their
• 17:50
  same
• 17:50
  value.
• 17:51
  The
• 17:51
  good
• 17:51
  thing
• 17:52
  is,
• 17:52
  by
• 17:53
  the
• 17:53
  time
• 17:53
  you
• 17:53
  follow
• 17:53
  the
• 17:54
  investing
• 17:54
  I
• 17:54
  talk
• 17:55
  about
• 17:55
  elsewhere
• 17:55
  on
• 17:56
  the
• 17:56
  podcast,
• 17:56
  you
• 17:56
  stick
• 17:57
  with
• 17:57
  it
• 17:57
  for
• 17:57
  a
• 17:57
  few
• 17:58
  years.
• 17:58
  Those
• 17:59
  emergency
• 17:59
  savings
• 18:00
  will
• 18:00
  eventually
• 18:00
  look
• 18:01
  so
• 18:01
  small
• 18:02
  that
• 18:02
  you
• 18:03
  won't
• 18:03
  care
• 18:04
  if
• 18:04
  they're
• 18:04
  cash.
• 18:06
  10
• 18:06
  grand
• 18:07
  in
• 18:07
  a
• 18:07
  bank
• 18:07
  account
• 18:08
  will
• 18:08
  feel
• 18:08
  big
• 18:09
  at
• 18:09
  the
• 18:10
  beginning
• 18:10
  of
• 18:10
  your
• 18:10
  financial
• 18:10
  independence
• 18:11
  journey.
• 18:12
  By
• 18:12
  the
• 18:12
  end
• 18:12
  it
• 18:13
  will
• 18:13
  look
• 18:13
  small
• 18:14
  and
• 18:14
  you
• 18:14
  truly
• 18:15
  won't
• 18:15
  care
• 18:16
  about
• 18:16
  any
• 18:17
  missed
• 18:17
  opportunities
• 18:18
  there.
• 18:19
  I'm
• 18:19
  not
• 18:19
  joking.
• 18:20
  Let
• 18:20
  me
• 18:20
  come
• 18:20
  back
• 18:20
  to
• 18:21
  that
• 18:21
  point
• 18:21
  just
• 18:21
  a
• 18:21
  moment.
• 18:21
  I
• 18:22
  want
• 18:22
  to
• 18:22
  finish
• 18:22
  this
• 18:22
  other
• 18:23
  point
• 18:23
  first.
• 18:23
  Treating
• 18:24
  your
• 18:24
  now
• 18:24
  money
• 18:26
  like
• 18:26
  savings
• 18:27
  as
• 18:28
  later
• 18:28
  money
• 18:29
  like
• 18:29
  shares.
• 18:30
  That
• 18:30
  is
• 18:30
  just
• 18:31
  the
• 18:31
  greed
• 18:31
  devil
• 18:32
  on
• 18:32
  your
• 18:32
  shoulder.
• 18:33
  And
• 18:33
  the
• 18:34
  greed
• 18:34
  devil
• 18:34
  can
• 18:35
  sabotage
• 18:35
  things
• 18:36
  for
• 18:36
  you
• 18:36
  just
• 18:36
  as
• 18:36
  badly
• 18:37
  as
• 18:37
  the
• 18:37
  fear
• 18:37
  devil.
• 18:38
  So
• 18:38
  you
• 18:38
  need
• 18:38
  them
• 18:39
  under
• 18:39
  control.
• 18:40
  That's
• 18:40
  why
• 18:40
  I'm
• 18:40
  giving
• 18:40
  you
• 18:40
  these
• 18:41
  timelines,
• 18:41
  because
• 18:41
  they
• 18:42
  create
• 18:42
  a
• 18:42
  sliding
• 18:43
  scale
• 18:44
  that
• 18:44
  balances
• 18:45
  the
• 18:45
  need
• 18:45
  for
• 18:45
  money
• 18:45
  on
• 18:46
  hand
• 18:47
  compared
• 18:47
  with
• 18:47
  how
• 18:48
  much
• 18:48
  you
• 18:48
  could
• 18:48
  be
• 18:48
  earning
• 18:49
  on
• 18:49
  it.
• 18:49
  You
• 18:50
  can't
• 18:50
  keep
• 18:50
  everything
• 18:51
  super
• 18:51
  safe
• 18:52
  cash
• 18:52
  and
• 18:52
  earning
• 18:53
  nothing.
• 18:53
  That
• 18:54
  means
• 18:54
  you'll
• 18:54
  probably
• 18:55
  never
• 18:56
  be
• 18:56
  financially
• 18:56
  independent.
• 18:57
  Your
• 18:57
  money
• 18:58
  has
• 18:58
  to
• 18:58
  be
• 18:59
  working
• 18:59
  for
• 18:59
  you.
• 18:59
  But
• 19:00
  you
• 19:00
  also
• 19:00
  don't
• 19:00
  want
• 19:00
  to
• 19:00
  have
• 19:01
  everything
• 19:01
  in
• 19:01
  the
• 19:01
  share
• 19:01
  market
• 19:02
  and
• 19:02
  survive
• 19:02
  on
• 19:02
  a
• 19:02
  wing
• 19:03
  and
• 19:03
  a
• 19:03
  prayer
• 19:04
  hoping
• 19:04
  that
• 19:04
  nothing
• 19:05
  goes
• 19:05
  wrong.
• 19:05
  Something
• 19:06
  will
• 19:06
  always
• 19:06
  go
• 19:06
  wrong.
• 19:07
  That's
• 19:07
  life.
• 19:07
  It's
• 19:08
  a
• 19:08
  necessary
• 19:08
  sacrifice.
• 19:09
  The
• 19:09
  savings
• 19:10
  are
• 19:10
  a
• 19:10
  smaller
• 19:11
  amount
• 19:11
  of
• 19:11
  money
• 19:12
  that
• 19:12
  you
• 19:12
  keep
• 19:12
  close
• 19:13
  to
• 19:13
  hand
• 19:13
  so
• 19:13
  you
• 19:14
  can
• 19:14
  protect
• 19:14
  yourself
• 19:15
  and
• 19:15
  your
• 19:15
  loved
• 19:16
  ones
• 19:16
  from
• 19:17
  bizarre
• 19:18
  twists
• 19:18
  of
• 19:18
  fate.
• 19:18
  You
• 19:19
  do
• 19:19
  not
• 19:19
  want
• 19:19
  it
• 19:19
  exposed
• 19:20
  to
• 19:20
  the
• 19:20
  market
• 19:21
  through
• 19:21
  shares
• 19:22
  and
• 19:22
  you
• 19:22
  have
• 19:22
  to
• 19:23
  take
• 19:23
  care
• 19:23
  of
• 19:23
  the
• 19:23
  now
• 19:24
  first.
• 19:24
  Only
• 19:24
  once
• 19:25
  you've
• 19:25
  got
• 19:25
  that
• 19:25
  now
• 19:26
  money
• 19:26
  sorted,
• 19:27
  are
• 19:27
  you
• 19:27
  ready
• 19:28
  for
• 19:28
  the
• 19:28
  later
• 19:28
  money.
• 19:29
  Later
• 19:29
  money
• 19:30
  is
• 19:30
  where
• 19:30
  you
• 19:30
  make
• 19:30
  serious
• 19:31
  cash
• 19:31
  by
• 19:31
  sending
• 19:32
  your
• 19:32
  money
• 19:32
  to
• 19:32
  work
• 19:33
  so
• 19:33
  you
• 19:33
  can
• 19:33
  have
• 19:34
  your
• 19:34
  life
• 19:34
  back.
• 19:35
  But
• 19:36
  later
• 19:36
  money
• 19:37
  needs
• 19:38
  so
• 19:38
  much
• 19:38
  time
• 19:38
  to
• 19:39
  work
• 19:39
  higher
• 19:39
  earning
• 19:40
  investments
• 19:40
  like
• 19:41
  shares
• 19:41
  and
• 19:42
  property.
• 19:43
  Sometimes
• 19:43
  an
• 19:44
  investment
• 19:44
  like
• 19:45
  starting
• 19:45
  a
• 19:46
  business
• 19:46
  that
• 19:47
  that's
• 19:47
  where
• 19:47
  later
• 19:48
  money
• 19:48
  goes.
• 19:50
  And
• 19:50
  let's
• 19:50
  go
• 19:50
  back
• 19:51
  to
• 19:51
  the
• 19:51
  COVID
• 19:51
  crash
• 19:52
  again.
• 19:52
  Remember
• 19:53
  when
• 19:53
  the
• 19:53
  share
• 19:53
  market
• 19:54
  started
• 19:54
  tanking
• 19:55
  and
• 19:55
  kiwisaver
• 19:56
  and
• 19:57
  retirement
• 19:57
  accounts
• 19:58
  went
• 19:58
  down
• 19:58
  and
• 19:58
  many
• 19:59
  people
• 19:59
  went
• 19:59
  into
• 19:59
  a
• 20:00
  blind
• 20:00
  panic?
• 20:01
  I
• 20:02
  was
• 20:03
  inundated
• 20:04
  with
• 20:04
  emails
• 20:05
  from
• 20:05
  people
• 20:05
  at
• 20:06
  that
• 20:06
  time
• 20:07
  asking
• 20:07
  for
• 20:07
  help
• 20:08
  and
• 20:08
  saying
• 20:09
  they
• 20:09
  needed
• 20:10
  this
• 20:10
  money
• 20:10
  for
• 20:11
  a
• 20:11
  house
• 20:11
  they
• 20:12
  wanted
• 20:12
  to
• 20:12
  buy
• 20:12
  soon,
• 20:13
  or
• 20:13
  that
• 20:13
  they
• 20:13
  were
• 20:14
  relying
• 20:14
  on
• 20:15
  that
• 20:15
  money
• 20:15
  for
• 20:16
  whatever
• 20:17
  reason
• 20:17
  and
• 20:17
  now
• 20:18
  didn't
• 20:18
  know
• 20:18
  what
• 20:18
  to
• 20:19
  do.
• 20:21
  And
• 20:21
  I
• 20:21
  found
• 20:22
  it
• 20:22
  really
• 20:22
  hard
• 20:22
  to
• 20:23
  know
• 20:23
  what
• 20:23
  to
• 20:24
  say,
• 20:24
  because
• 20:25
  if
• 20:25
  you
• 20:26
  need
• 20:26
  that
• 20:26
  money
• 20:26
  soon,
• 20:27
  it
• 20:27
  shouldn't
• 20:28
  be
• 20:29
  anywhere
• 20:29
  near
• 20:30
  shares
• 20:30
  in
• 20:30
  the
• 20:31
  first
• 20:31
  place.
• 20:31
  That's
• 20:31
  the
• 20:32
  deal.
• 20:32
  Shares
• 20:33
  are
• 20:33
  for
• 20:33
  your
• 20:33
  later
• 20:34
  money.
• 20:34
  And
• 20:34
  if
• 20:35
  you
• 20:35
  put
• 20:35
  now
• 20:36
  money
• 20:36
  into
• 20:36
  them,
• 20:37
  or
• 20:37
  even
• 20:37
  your
• 20:38
  soon
• 20:38
  money,
• 20:39
  then
• 20:40
  eventually
• 20:40
  you're
• 20:41
  going
• 20:41
  to
• 20:41
  get
• 20:42
  a
• 20:42
  really
• 20:42
  nasty
• 20:43
  lesson
• 20:44
  in
• 20:44
  why
• 20:44
  people
• 20:45
  say
• 20:46
  not
• 20:46
  to
• 20:46
  do
• 20:46
  that.
• 20:47
  Once
• 20:47
  a
• 20:47
  crash
• 20:48
  has
• 20:48
  happened,
• 20:49
  the
• 20:49
  most
• 20:49
  you
• 20:50
  can
• 20:50
  really
• 20:50
  do
• 20:51
  is
• 20:51
  leave
• 20:51
  it
• 20:51
  alone
• 20:52
  for
• 20:52
  the
• 20:52
  recovery
• 20:54
  you
• 20:54
  need
• 20:54
  to
• 20:54
  get
• 20:54
  through
• 20:55
  using
• 20:56
  any
• 20:56
  other
• 20:57
  cash
• 20:57
  source
• 20:57
  that
• 20:57
  you
• 20:58
  have.
• 20:58
  Shares
• 20:59
  need
• 20:59
  time
• 20:59
  so
• 21:00
  that
• 21:00
  they
• 21:00
  can
• 21:00
  recover
• 21:01
  after
• 21:01
  these
• 21:02
  inevitable
• 21:02
  blips.
• 21:03
  And
• 21:03
  the
• 21:03
  blips
• 21:03
  happen
• 21:04
  and
• 21:04
  are
• 21:04
  actually
• 21:05
  an
• 21:05
  important
• 21:05
  way
• 21:06
  that
• 21:06
  you
• 21:06
  make
• 21:06
  money
• 21:07
  in
• 21:07
  the
• 21:07
  long
• 21:07
  term.
• 21:07
  They're
• 21:08
  a
• 21:08
  feature,
• 21:08
  not
• 21:08
  a
• 21:08
  bug.
• 21:09
  You
• 21:09
  just
• 21:10
  can't
• 21:10
  sell
• 21:10
  your
• 21:11
  shares
• 21:11
  during
• 21:12
  that
• 21:12
  time.
• 21:13
  Now,
• 21:13
  let's
• 21:13
  go
• 21:13
  back
• 21:14
  a
• 21:14
  little
• 21:14
  bit
• 21:14
  to
• 21:14
  something
• 21:15
  that
• 21:15
  I
• 21:15
  said
• 21:16
  earlier.
• 21:16
  I
• 21:16
  mentioned
• 21:17
  that
• 21:17
  $10,000
• 21:18
  in
• 21:19
  your
• 21:19
  bank
• 21:19
  account
• 21:19
  is
• 21:19
  eventually
• 21:20
  going
• 21:20
  to
• 21:20
  seem
• 21:20
  small
• 21:21
  to
• 21:21
  you.
• 21:21
  And
• 21:21
  indeed
• 21:22
  I
• 21:22
  did
• 21:22
  not
• 21:22
  stutter.
• 21:23
  Depending
• 21:24
  on
• 21:24
  where
• 21:24
  you
• 21:24
  are
• 21:24
  in
• 21:24
  your
• 21:25
  journey,
• 21:25
  that
• 21:25
  might
• 21:25
  seem
• 21:25
  like
• 21:26
  a
• 21:26
  truly
• 21:26
  ridiculous
• 21:27
  thing
• 21:27
  to
• 21:28
  be
• 21:28
  saying,
• 21:28
  but
• 21:28
  I
• 21:28
  promise
• 21:29
  you,
• 21:29
  when
• 21:29
  I
• 21:29
  first
• 21:30
  started
• 21:30
  my
• 21:30
  money
• 21:30
  journey,
• 21:31
  I
• 21:31
  would
• 21:31
  have
• 21:32
  laughed
• 21:32
  out
• 21:33
  loud
• 21:33
  at
• 21:33
  that
• 21:34
  sentence
• 21:34
  too.
• 21:35
  I
• 21:35
  am
• 21:36
  not
• 21:36
  a
• 21:36
  Nepo
• 21:36
  baby.
• 21:37
  Part
• 21:37
  of
• 21:37
  me
• 21:37
  would
• 21:37
  have
• 21:37
  loved
• 21:38
  to
• 21:38
  have
• 21:38
  been,
• 21:38
  but
• 21:38
  alas,
• 21:39
  no.
• 21:39
  I
• 21:39
  am
• 21:40
  someone
• 21:40
  who
• 21:40
  comes
• 21:41
  from
• 21:42
  a
• 21:42
  school
• 21:42
  where
• 21:43
  our
• 21:43
  biggest
• 21:44
  claim
• 21:44
  to
• 21:44
  fame
• 21:44
  was
• 21:45
  a
• 21:45
  bunch
• 21:45
  of
• 21:45
  kids
• 21:46
  nearly
• 21:46
  beating
• 21:46
  a
• 21:46
  cop
• 21:47
  to
• 21:47
  death.
• 21:47
  And
• 21:48
  I
• 21:48
  am
• 21:48
  someone
• 21:48
  who
• 21:49
  at
• 21:49
  certain
• 21:49
  times,
• 21:50
  we
• 21:51
  were
• 21:51
  quite
• 21:51
  literally
• 21:51
  having
• 21:52
  to
• 21:52
  figure
• 21:52
  out
• 21:52
  ways
• 21:52
  that
• 21:52
  we
• 21:53
  were
• 21:53
  going
• 21:53
  to
• 21:53
  get
• 21:53
  enough
• 21:53
  food
• 21:54
  on
• 21:54
  the
• 21:54
  table
• 21:54
  to
• 21:54
  eat.
• 21:55
  I'm
• 21:55
  a
• 21:55
  scrapper
• 21:56
  who
• 21:56
  can
• 21:57
  put
• 21:57
  on
• 21:58
  a
• 21:58
  suit
• 21:58
  and
• 21:59
  mingle
• 21:59
  with
• 22:00
  fancy
• 22:00
  people
• 22:00
  these
• 22:00
  days.
• 22:01
  But
• 22:01
  I
• 22:01
  tell
• 22:01
  you
• 22:01
  what,
• 22:02
  I
• 22:02
  never
• 22:02
  feel
• 22:03
  like
• 22:03
  one
• 22:03
  of
• 22:04
  those
• 22:04
  fancy
• 22:04
  people.
• 22:04
  It's
• 22:05
  just
• 22:05
  not
• 22:06
  my
• 22:06
  world.
• 22:07
  But
• 22:07
  it's
• 22:07
  true
• 22:07
  what
• 22:08
  they
• 22:08
  say.
• 22:08
  People
• 22:09
  overestimate
• 22:09
  what
• 22:09
  you
• 22:09
  can
• 22:10
  do
• 22:10
  in
• 22:10
  a
• 22:10
  year,
• 22:10
  and
• 22:10
  they
• 22:11
  underestimate
• 22:12
  what
• 22:12
  you
• 22:12
  can
• 22:12
  achieve
• 22:13
  in
• 22:13
  five
• 22:13
  years.
• 22:14
  And
• 22:14
  what
• 22:15
  I've
• 22:15
  done
• 22:16
  over
• 22:16
  the
• 22:16
  time
• 22:17
  that
• 22:17
  I've
• 22:17
  learned
• 22:17
  about
• 22:18
  money
• 22:19
  and
• 22:19
  put
• 22:19
  these
• 22:19
  lessons
• 22:20
  into
• 22:20
  practice
• 22:21
  has
• 22:21
  meant
• 22:22
  that
• 22:22
  I've
• 22:22
  now
• 22:22
  come
• 22:23
  far
• 22:23
  enough
• 22:23
  to
• 22:23
  say
• 22:24
  something
• 22:24
  like,
• 22:25
  eventually
• 22:26
  $10,000
• 22:27
  won't
• 22:27
  seem
• 22:27
  like
• 22:27
  a
• 22:28
  big
• 22:28
  sacrifice
• 22:28
  to
• 22:28
  have
• 22:29
  in
• 22:29
  a
• 22:29
  savings
• 22:29
  account.
• 22:31
  And
• 22:31
  I
• 22:31
  say
• 22:31
  that,
• 22:32
  and
• 22:32
  I
• 22:32
  mean
• 22:34
  is
• 22:34
  amazing
• 22:34
  what
• 22:34
  just
• 22:35
  a
• 22:35
  few
• 22:35
  years
• 22:35
  can
• 22:35
  do.
• 22:36
  Give
• 22:36
  it
• 22:36
  time.
• 22:37
  Put
• 22:37
  the
• 22:38
  little
• 22:38
  things
• 22:38
  into
• 22:38
  practice,
• 22:39
  then
• 22:40
  build
• 22:40
  the
• 22:40
  bigger
• 22:41
  wins,
• 22:41
  then
• 22:42
  the
• 22:42
  bigger
• 22:42
  ones
• 22:43
  after
• 22:43
  that,
• 22:44
  and
• 22:44
  investing
• 22:45
  and
• 22:45
  understanding
• 22:46
  how
• 22:46
  time
• 22:47
  and
• 22:47
  money
• 22:47
  are
• 22:48
  Linked
• 22:48
  are
• 22:48
  core
• 22:49
  to
• 22:50
  how
• 22:50
  you
• 22:51
  can
• 22:51
  do
• 22:51
  that.
• 22:51
  By
• 22:52
  being
• 22:52
  smart
• 22:53
  about
• 22:53
  your
• 22:54
  now,
• 22:54
  soon
• 22:55
  and
• 22:55
  later
• 22:56
  money.
• 22:57
  You
• 22:57
  don't
• 22:57
  have
• 22:57
  to
• 22:58
  save
• 22:58
  up
• 22:58
  everything
• 22:58
  by
• 22:58
  yourself
• 22:59
  to
• 22:59
  hit
• 23:00
  elite
• 23:00
  status.
• 23:01
  You're
• 23:02
  going
• 23:02
  to
• 23:02
  make
• 23:02
  your
• 23:02
  money.
• 23:03
  Employees
• 23:04
  do
• 23:04
  it
• 23:04
  for
• 23:04
  you
• 23:05
  and
• 23:05
  they're
• 23:06
  going
• 23:06
  to
• 23:06
  do
• 23:06
  it
• 23:07
  with
• 23:07
  compounding
• 23:08
  returns.
• 23:09
  Compounding
• 23:10
  just
• 23:10
  means
• 23:11
  that
• 23:11
  you
• 23:11
  invest
• 23:11
  your
• 23:12
  money,
• 23:12
  that
• 23:13
  investment
• 23:13
  earns
• 23:14
  a
• 23:14
  profit,
• 23:15
  you
• 23:15
  reinvest
• 23:16
  the
• 23:16
  profit,
• 23:17
  and
• 23:17
  then
• 23:18
  you
• 23:18
  have
• 23:18
  profits
• 23:19
  earning
• 23:20
  profits.
• 23:21
  Sometimes
• 23:21
  you
• 23:21
  have
• 23:21
  the
• 23:22
  profit
• 23:22
  of
• 23:22
  the
• 23:22
  profit
• 23:23
  earning
• 23:23
  profit.
• 23:24
  You
• 23:24
  see
• 23:24
  how
• 23:24
  that
• 23:25
  can
• 23:25
  build
• 23:25
  up
• 23:25
  really
• 23:26
  fast.
• 23:26
  It's
• 23:27
  just
• 23:27
  this
• 23:27
  beautiful
• 23:28
  money
• 23:28
  snowball.
• 23:29
  It
• 23:29
  starts
• 23:30
  off
• 23:30
  so
• 23:30
  small,
• 23:31
  but
• 23:31
  the
• 23:32
  further
• 23:32
  you
• 23:32
  roll
• 23:33
  it,
• 23:33
  the
• 23:33
  bigger
• 23:34
  it
• 23:34
  gets
• 23:34
  and
• 23:34
  it's
• 23:35
  soon
• 23:35
  far
• 23:36
  out
• 23:36
  of
• 23:36
  all
• 23:36
  proportion
• 23:37
  from
• 23:37
  the
• 23:37
  original
• 23:38
  little
• 23:38
  snowball
• 23:39
  that
• 23:39
  you
• 23:39
  made.
• 23:40
  And
• 23:40
  just
• 23:40
  as
• 23:40
  the
• 23:41
  snowball
• 23:41
  gets
• 23:41
  bigger,
• 23:41
  the
• 23:42
  further
• 23:42
  it
• 23:42
  rolls,
• 23:43
  compounding
• 23:44
  returns
• 23:44
  get
• 23:45
  bigger
• 23:45
  with
• 23:45
  more
• 23:45
  time.
• 23:46
  Now,
• 23:46
  if
• 23:47
  maths
• 23:47
  immediately
• 23:47
  makes
• 23:48
  you
• 23:48
  tune
• 23:48
  out,
• 23:48
  don't
• 23:48
  sweat
• 23:49
  it.
• 23:49
  You
• 23:50
  don't
• 23:50
  actually
• 23:51
  need
• 23:51
  to
• 23:51
  understand
• 23:51
  the
• 23:52
  maths
• 23:52
  of
• 23:52
  compounding.
• 23:53
  I
• 23:53
  don't
• 23:53
  think
• 23:54
  you
• 23:54
  just
• 23:54
  need
• 23:55
  to
• 23:55
  know
• 23:55
  that
• 23:55
  it
• 23:55
  does
• 23:56
  work.
• 23:56
  Much
• 23:56
  like
• 23:57
  I
• 23:57
  can't
• 23:57
  really
• 23:58
  work
• 23:58
  out
• 23:58
  what
• 23:58
  electricity
• 23:59
  truly
• 24:00
  is,
• 24:00
  how
• 24:01
  it's
• 24:01
  generated,
• 24:01
  or
• 24:02
  how
• 24:02
  it
• 24:02
  gets
• 24:02
  from
• 24:02
  A
• 24:02
  to
• 24:03
  B,
• 24:03
  but
• 24:03
  I
• 24:03
  know
• 24:04
  when
• 24:04
  I
• 24:04
  flick
• 24:05
  the
• 24:05
  light
• 24:05
  switch,
• 24:06
  it
• 24:06
  turns
• 24:06
  on.
• 24:07
  You
• 24:07
  just
• 24:08
  need
• 24:08
  to
• 24:08
  know
• 24:08
  how
• 24:08
  compounding
• 24:09
  works.
• 24:09
  In
• 24:09
  reality,
• 24:10
  you
• 24:10
  don't
• 24:11
  need
• 24:11
  to
• 24:11
  do
• 24:11
  the
• 24:11
  maths
• 24:11
  yourself.
• 24:12
  That
• 24:12
  is
• 24:13
  what
• 24:13
  online
• 24:13
  calculators
• 24:14
  are
• 24:14
  for.
• 24:15
  You
• 24:15
  just
• 24:15
  need
• 24:15
  to
• 24:15
  know
• 24:15
  how
• 24:15
  it
• 24:16
  works
• 24:16
  and
• 24:17
  how
• 24:17
  to
• 24:17
  stop
• 24:17
  it
• 24:17
  from
• 24:17
  electrocuting.
• 24:18
  You
• 24:19
  remember
• 24:19
  that
• 24:19
  compounding
• 24:20
  returns
• 24:20
  are
• 24:21
  anything
• 24:22
  that
• 24:22
  earns
• 24:22
  money
• 24:22
  and
• 24:22
  that
• 24:23
  money
• 24:23
  itself
• 24:24
  earns
• 24:25
  more
• 24:25
  money.
• 24:26
  So
• 24:26
  for
• 24:27
  an
• 24:27
  investment,
• 24:28
  it
• 24:28
  earns
• 24:28
  profit
• 24:29
  one
• 24:29
  year,
• 24:29
  you
• 24:29
  reinvest
• 24:30
  that
• 24:30
  money
• 24:31
  and
• 24:31
  that
• 24:31
  profit
• 24:31
  goes
• 24:32
  and
• 24:32
  earns
• 24:32
  more
• 24:32
  profit.
• 24:33
  You
• 24:33
  make
• 24:33
  money
• 24:34
  from
• 24:34
  money
• 24:34
  instead
• 24:35
  of
• 24:35
  you
• 24:35
  going
• 24:35
  to
• 24:35
  work.
• 24:36
  Time
• 24:36
  is
• 24:36
  money
• 24:37
  here.
• 24:37
  If
• 24:37
  you
• 24:38
  are
• 24:38
  okay
• 24:38
  with
• 24:38
  maths,
• 24:39
  then
• 24:39
  there
• 24:39
  is
• 24:39
  also
• 24:40
  a
• 24:40
  really
• 24:40
  simple
• 24:41
  equation
• 24:41
  that
• 24:42
  can
• 24:42
  make
• 24:42
  it
• 24:42
  real
• 24:42
  for
• 24:42
  you.
• 24:42
  If
• 24:43
  people
• 24:43
  don't
• 24:43
  like
• 24:43
  maths,
• 24:44
  there
• 24:44
  is
• 24:44
  and
• 24:44
  go
• 24:45
  into
• 24:45
  a
• 24:45
  happy
• 24:45
  place
• 24:45
  for
• 24:46
  like
• 24:46
  two
• 24:46
  minutes.
• 24:47
  I
• 24:47
  won't
• 24:47
  spend
• 24:47
  long
• 24:47
  on
• 24:47
  this,
• 24:48
  but
• 24:48
  it's
• 24:48
  the
• 24:48
  Rule
• 24:49
  of
• 24:49
  72.
• 24:50
  Now,
• 24:50
  the
• 24:50
  Rule
• 24:51
  of
• 24:51
  72
• 24:52
  shows
• 24:53
  how
• 24:53
  fast
• 24:53
  you
• 24:53
  can
• 24:54
  double
• 24:54
  your
• 24:54
  money
• 24:55
  and
• 24:55
  almost
• 24:55
  always
• 24:56
  shows
• 24:56
  you
• 24:56
  that
• 24:57
  it's
• 24:57
  less
• 24:57
  time
• 24:57
  than
• 24:58
  you
• 24:58
  think.
• 24:58
  You
• 24:58
  just
• 24:59
  take
• 24:59
  72.
• 25:00
  You
• 25:01
  divide
• 25:01
  it
• 25:01
  by
• 25:01
  your
• 25:02
  expected
• 25:02
  interest
• 25:02
  rate
• 25:03
  or
• 25:03
  rate
• 25:03
  of
• 25:04
  return.
• 25:04
  If
• 25:04
  you're
• 25:05
  investing
• 25:05
  in
• 25:05
  shares,
• 25:06
  the
• 25:07
  average
• 25:07
  rate
• 25:07
  of
• 25:07
  return
• 25:08
  7%
• 25:09
  each
• 25:09
  year,
• 25:10
  72
• 25:11
  divided
• 25:12
  by
• 25:12
  7,
• 25:12
  10
• 25:13
  years
• 25:13
  to
• 25:13
  double
• 25:14
  your
• 25:14
  money.
• 25:14
  This
• 25:14
  assumes
• 25:15
  that
• 25:15
  you
• 25:15
  keep
• 25:15
  reinvesting
• 25:16
  the
• 25:16
  money
• 25:16
  as
• 25:17
  it
• 25:17
  earns
• 25:17
  it
• 25:17
  for
• 25:18
  you.
• 25:18
  Because
• 25:19
  that's
• 25:19
  how
• 25:19
  compounding
• 25:20
  works.
• 25:20
  And
• 25:20
  again,
• 25:21
  it's
• 25:21
  your
• 25:22
  profits
• 25:22
  earning
• 25:23
  more
• 25:23
  profits.
• 25:23
  So
• 25:24
  you
• 25:24
  can't
• 25:24
  spend
• 25:25
  what
• 25:25
  you
• 25:25
  make.
• 25:25
  Not
• 25:26
  yet.
• 25:26
  But
• 25:26
  you
• 25:27
  don't
• 25:27
  have
• 25:27
  to
• 25:27
  do
• 25:27
  anything
• 25:28
  else.
• 25:28
  You
• 25:28
  just
• 25:29
  chucked
• 25:29
  in
• 25:29
  some
• 25:29
  money
• 25:29
  and
• 25:30
  left
• 25:30
  it
• 25:30
  alone.
• 25:31
  It'll
• 25:31
  just
• 25:32
  grow.
• 25:33
  No
• 25:33
  extra
• 25:33
  money
• 25:33
  from
• 25:33
  you,
• 25:34
  no
• 25:34
  shuffling
• 25:34
  around,
• 25:35
  just
• 25:35
  money
• 25:36
  making
• 25:36
  money.
• 25:36
  If
• 25:37
  you
• 25:37
  take
• 25:37
  control
• 25:37
  of
• 25:38
  this
• 25:38
  process,
• 25:39
  that
• 25:40
  is
• 25:40
  how
• 25:40
  you
• 25:40
  build
• 25:40
  financial
• 25:41
  freedom.
• 25:42
  Because
• 25:42
  while
• 25:42
  you
• 25:42
  start
• 25:43
  out
• 25:44
  saving
• 25:44
  and
• 25:44
  investing
• 25:45
  little
• 25:45
  bits,
• 25:47
  soon
• 25:47
  those
• 25:48
  investments
• 25:49
  will
• 25:49
  be
• 25:49
  making
• 25:49
  profits.
• 25:50
  Those
• 25:51
  profits
• 25:51
  make
• 25:51
  profits.
• 25:52
  Your
• 25:53
  money
• 25:53
  grows
• 25:53
  out
• 25:53
  of
• 25:53
  all
• 25:54
  proportion
• 25:54
  to
• 25:55
  what
• 25:55
  you
• 25:55
  originally
• 25:55
  put
• 25:56
  in.
• 25:56
  Compound
• 25:57
  interest
• 25:58
  is
• 25:58
  the
• 25:58
  secret
• 25:58
  to
• 25:59
  how
• 25:59
  us
• 25:59
  normal
• 26:00
  people
• 26:00
  achieve
• 26:01
  financial
• 26:01
  independence.
• 26:02
  Like
• 26:02
  I
• 26:03
  said
• 26:03
  earlier,
• 26:03
  we
• 26:03
  don't
• 26:04
  have
• 26:04
  to
• 26:04
  earn
• 26:05
  a
• 26:05
  million
• 26:05
  dollars
• 26:05
  ourselves.
• 26:06
  The
• 26:06
  thing
• 26:06
  is,
• 26:07
  doing
• 26:07
  this
• 26:07
  successfully
• 26:08
  means
• 26:08
  taking
• 26:08
  a
• 26:08
  long
• 26:09
  term
• 26:09
  view
• 26:10
  and
• 26:10
  learning
• 26:10
  how
• 26:11
  to
• 26:11
  invest
• 26:12
  with
• 26:12
  one
• 26:12
  eye
• 26:12
  on
• 26:12
  the
• 26:13
  risks.
• 26:14
  Always
• 26:14
  keeping
• 26:15
  the
• 26:15
  worst
• 26:15
  risks
• 26:16
  at
• 26:16
  arm's
• 26:17
  length.
• 26:17
  But
• 26:17
  that
• 26:18
  is
• 26:18
  why
• 26:19
  we're
• 26:19
  smart.
• 26:19
  We
• 26:19
  treat
• 26:20
  money
• 26:20
  according
• 26:21
  to
• 26:21
  time
• 26:21
  and
• 26:21
  we
• 26:22
  balance
• 26:22
  the
• 26:22
  need
• 26:22
  to
• 26:22
  put
• 26:23
  our
• 26:23
  money
• 26:23
  to
• 26:23
  work
• 26:24
  with,
• 26:24
  protecting
• 26:25
  ourselves
• 26:26
  now
• 26:26
  and
• 26:27
  making
• 26:27
  sure
• 26:28
  that
• 26:28
  neither
• 26:29
  one
• 26:29
  is
• 26:30
  undermining
• 26:31
  the
• 26:31
  other.
• 26:31
  You
• 26:32
  master
• 26:32
  compounding
• 26:33
  and
• 26:34
  time
• 26:34
  and
• 26:35
  you
• 26:35
  have
• 26:35
  the
• 26:35
  secret
• 26:35
  to
• 26:35
  making
• 26:36
  the
• 26:36
  most
• 26:36
  money
• 26:37
  with
• 26:37
  the
• 26:37
  least
• 26:38
  effort.
• 26:39
  Time
• 26:39
  is
• 26:40
  everything
• 26:41
  when
• 26:42
  you're
• 26:42
  dealing
• 26:42
  with
• 26:42
  money.
• 26:43
  Time
• 26:43
  is
• 26:43
  how
• 26:44
  you
• 26:44
  know
• 26:44
  where
• 26:45
  to
• 26:45
  invest
• 26:45
  your
• 26:45
  money.
• 26:46
  It's
• 26:46
  how
• 26:47
  you
• 26:47
  make
• 26:47
  money
• 26:48
  and
• 26:48
  it's
• 26:48
  how
• 26:49
  you
• 26:49
  lose
• 26:49
  money.
• 26:50
  I
• 26:50
  can
• 26:50
  dig
• 26:50
  more
• 26:50
  into
• 26:51
  the
• 26:51
  investing
• 26:51
  strategies
• 26:52
  in
• 26:52
  another
• 26:52
  video
• 26:52
  if
• 26:52
  you
• 26:53
  like.
• 26:53
  Leave
• 26:53
  me
• 26:53
  a
• 26:53
  comment
• 26:53
  if
• 26:54
  you
• 26:54
  would
• 26:54
  like
• 26:54
  this,
• 26:54
  but
• 26:55
  this
• 26:55
  is
• 26:55
  the
• 26:55
  big
• 26:55
  underrated
• 26:56
  tactic
• 26:56
  for
• 26:56
  now.
• 26:57
  If
• 26:57
  you
• 26:57
  if
• 26:57
  it
• 26:57
  helped
• 26:58
  you
• 26:58
  send
• 26:58
  it
• 26:58
  to
• 26:58
  a
• 26:59
  friend
• 26:59
  so
• 26:59
  we
• 26:59
  can
• 26:59
  all
• 26:59
  level
• 26:59
  up
• 27:00
  our
• 27:00
  money
• 27:00
  together.
• 27:00
  Until
• 27:01
  next
• 27:01
  time,
• 27:01
  have
• 27:01
  a
• 27:01
  great
• 27:02
  day.
• 27:04
  This
• 27:04
  podcast
• 27:05
  can
• 27:05
  only
• 27:05
  give
• 27:05
  you
• 27:05
  general
• 27:06
  information
• 27:06
  about
• 27:06
  how
• 27:07
  things
• 27:07
  work
• 27:08
  in
• 27:08
  most
• 27:08
  situations.
• 27:09
  It's
• 27:09
  not
• 27:10
  individual
• 27:10
  financial
• 27:11
  advice.
• 27:11
  If
• 27:12
  you're
• 27:12
  after
• 27:12
  that,
• 27:12
  a
• 27:13
  financial
• 27:13
  advisor
• 27:14
  is
• 27:14
  always
• 27:14
  the
• 27:15
  best
• 27:15
  bet.