Dear Peter, such a great video again and I like how open you are about mistakes that you made, but also how you solved them. The only way not to make mistakes is not to do anything, and even then... Your channel should be a "must" for all those get-rich-quick-junkies. Here is where they learn how it's really done. Looking forward to your next video and ping me if you come anywhere near Switzerland. Coffee on me.
Thank you, Lachlan - that's very generous. I think it's because I'm a grumpy optimist. Bad stuff has happened, but the present and the future have promise.
Another great video Pete. Your analytical approach based on personal experience is top notch. Health ( mental & physical ) always needs to come first, then the valuable interpersonal connections, the rest is insignificant in the scheme of things just you explained it. Cheers:)
Thanks for sharing this. My wife and I were almost done paying off her car (our only debt) when the transmission failed. Now I have a $7k bill on top of the debt. I should have it done in about 6 months but it still sucks. I feel guilty about having the debt too because I have a paid-for Porsche 911 that was gifted to me. I offered to sell it but my wife insists that I keep it. I hate debt so thanks for spreading your wisdom.
Good tip though I feel it will fall on deaf ears. Sort of like: "Best way to lose weight? Don't get fat in the first place." And yet there are still a lot more weight loss books than weight gain books.
Great video Peter. You strike me as an incredibly smart bloke and I'm sure you've learned a few hard lessons over the years. I am fortunate enough to have eliminated all debt but for my mortgage which I hope to be rid of early next year. Anyway mate keep up the good work. All the best. PS I thought about investing in property once my mortgage is finished but is 61 too old to start in the property market?
That’s very generous, Brian. I’d only be buying property at 61 if you’re comfortable hanging onto it for at least a decade. The right property should double in value in that time. Interest rates will likely start to fall again by the middle of next year, so that’s a bit of a sweetener. But property selection is very important, as only 5-10% of properties are really investment grade. I would read up on the subject from a single trustworthy source, and for that, I’d go to Michael Yardney’s excellent books. He’s done this for many decades, and through multiple property cycles. He’s also been our personal advisor for many years.
Powerful presentation! Well done, buddy! Nothing beats having a large nest egg with no depreciating debt hanging over your head! Being in debt is like being chained to an anchor.
It comes down to your own personal definition of success. Hint: What society and the simpleton masses define as success aint it. Their definition is a TRAP.
@@peterfritzphoto the fundamental issue with that tactic, although very true, is that the vast majority are caught up in the rat race oblivious to the true meaning of life - and thus the reason why I have 2x dogs 👌
Hi grate content ,I must doing something right as I currently used these techniques to clear my debt and the only thing outstanding is the repayment I make to myself for the cash I took from savings to buy my Honda e of €75 per week so I will have it paid off after 220 weeks just a year to go 😂😂 and saving 2,500 a year by not buy petrol and snack in the local garage 😂😂😂
Dear Peter, such a great video again and I like how open you are about mistakes that you made, but also how you solved them. The only way not to make mistakes is not to do anything, and even then... Your channel should be a "must" for all those get-rich-quick-junkies. Here is where they learn how it's really done. Looking forward to your next video and ping me if you come anywhere near Switzerland. Coffee on me.
Thank you, mate. That’s just about all the incentive I need to jump on a plane. My daughter just returned from there. My last visit was 45 years ago!
I’m drawn in by your reflective style Peter. The vibe is melancholic but the message is optimistic. I don’t know how you do that.
Thank you, Lachlan - that's very generous. I think it's because I'm a grumpy optimist. Bad stuff has happened, but the present and the future have promise.
Thanks Peter, as always a great informative video. 😀
Thanks, Jeremy.
Great video Peter!! Awesome advice and great wisdom.
Thanks, Michael. I hope I remembered your name...
Good content here . Thanks for putting it together .
Thanks, Chris.
Another great video Pete. Your analytical approach based on personal experience is top notch. Health ( mental & physical ) always needs to come first, then the valuable interpersonal connections, the rest is insignificant in the scheme of things just you explained it. Cheers:)
Very true! The older I get, the more I realise this. 👍
Thanks for sharing this. My wife and I were almost done paying off her car (our only debt) when the transmission failed. Now I have a $7k bill on top of the debt.
I should have it done in about 6 months but it still sucks. I feel guilty about having the debt too because I have a paid-for Porsche 911 that was gifted to me. I offered to sell it but my wife insists that I keep it. I hate debt so thanks for spreading your wisdom.
Ouch, that hurts! Good luck, Cory.
Well put together video, I like it.
Top Tip for the younger audience: Do not go into debt in the first place. One exception: appreciating assets
Good tip though I feel it will fall on deaf ears. Sort of like: "Best way to lose weight? Don't get fat in the first place." And yet there are still a lot more weight loss books than weight gain books.
Very helpful. Thanks!
Thanks, George.
Great video Peter. You strike me as an incredibly smart bloke and I'm sure you've learned a few hard lessons over the years. I am fortunate enough to have eliminated all debt but for my mortgage which I hope to be rid of early next year. Anyway mate keep up the good work. All the best. PS I thought about investing in property once my mortgage is finished but is 61 too old to start in the property market?
That’s very generous, Brian. I’d only be buying property at 61 if you’re comfortable hanging onto it for at least a decade. The right property should double in value in that time. Interest rates will likely start to fall again by the middle of next year, so that’s a bit of a sweetener. But property selection is very important, as only 5-10% of properties are really investment grade. I would read up on the subject from a single trustworthy source, and for that, I’d go to Michael Yardney’s excellent books. He’s done this for many decades, and through multiple property cycles. He’s also been our personal advisor for many years.
Powerful presentation! Well done, buddy! Nothing beats having a large nest egg with no depreciating debt hanging over your head! Being in debt is like being chained to an anchor.
Thank you, mate. Yep, the stress can literally kill you. Glad I’m past all that nowadays.
Hi the links are not working for me also I can’t access the 4 photo tips
Sorry, Andrew. They work now.
It comes down to your own personal definition of success. Hint: What society and the simpleton masses define as success aint it. Their definition is a TRAP.
Spot on, Tim. And being with the wrong people is the fastest way to end up on the wrong path.
@@peterfritzphoto the fundamental issue with that tactic, although very true, is that the vast majority are caught up in the rat race oblivious to the true meaning of life - and thus the reason why I have 2x dogs 👌
@@timshields8720 Dogs are the best among us.
@@peterfritzphoto yup
Hi grate content ,I must doing something right as I currently used these techniques to clear my debt and the only thing outstanding is the repayment I make to myself for the cash I took from savings to buy my Honda e of €75 per week so I will have it paid off after 220 weeks just a year to go 😂😂 and saving 2,500 a year by not buy petrol and snack in the local garage 😂😂😂
Haha! Good for you, Andrew!