Lesson Info
8. Common Investment Mistakes
Lessons
Class Introduction
08:50 2My Start in Investing and Teaching
14:53 3Financial Education - Know Better To Do Better
36:39 4Start Early, Start Today
09:25 5The Latte Factor: How It Works
26:45 6Student Success Story
03:44 7FITE - Financial Independence to Transition Early
11:22 8Common Investment Mistakes
02:30Becoming Rich on an Ordinary Income
04:46 10How Much do You Need to Retire
04:45 11Retirement Plans & Where to start
06:19 12How to Earn 10%
28:48 13Investment Pyramid
19:13 14Reasons Most Investments Fail
08:41 155 Things to do During Market Correction
04:28 16Retirement Accounts and Investments
03:58 17Renting vs Home Ownership
09:22 18Why Your Dreams Matter
13:28Lesson Info
Common Investment Mistakes
So I want to introduce you to the dumbest investment ever. It's a brand new car. Two days ago on CNBC, one of the heads of one of largest car companies said, We're getting nervous that people in America are gonna start buying less. Cars have been amazing economic boom. But things were changing. Young people today don't even want driver's license. My son, he's almost 16. He's 16. In August, I was obsessed with being 16. 16 meant I could drive and have a date without Mom and dad. He doesn't even care about a driver's license. He's like, Why would I want a car? I can take uber so so people aren't younger. People are not carrying about buying cars, but this country is obsessed with it. This country is obsessed with buying cars, and there are seven million Americans right now behind under car payments. How you start to know we're coming to the end of an economic boom because you got seven million Americans behind on car payments. I got $1.5 trillion in student loans. This when you start to ...
know that something, Yes, Richard getting richer, but there's something underneath the surface it's not right. Here is the thing. That's the average car payment in America on a new car. $530. What if you didn't have that car? What if you were not a two car American family or a three car American family for two people, which happens all the time? What if you took that money at 7% in 25 years? It have almost 1/2 a $1,000,000. Some of us talk about that. I drive a car from 10 years. Lisa car buying out. Please drive for 10 years. Um, if you're gonna buy a car, don't bite. New buy off of at least it's two years old or three years old. I'm gonna turn back. I leased cars because there's also, if you're if you have your own business, there's benefits to leasing. You take a look at the car. I'm going to return before I leave for Florence. I returned this car to the dealership. It's got 6000 miles on it, basically brand new. Someone can buy that car now for half of the retail price, but it's brand new. That's how you buy a car, and ideally, you don't borrow to buy a car. You take this money and you save it
Ratings and Reviews
Ling Fan
Great class! Concise and powerful! Wish I knew this 10 years ago.
Carlos Figueiredo
I thoroughly enjoyed the course love it!
Kennie Johnson
Very helpful and inspiring