My goals are to pay out my mortgage in 2025 and max my TFSA. I already have the money in a GIC waiting for paying out my mortgage in 2025. The only reason why I wait is because I have a close mortgage at 1.7% and investing into a GIC give me 5.1% return per year. The bank is paying me for having a loan since I use my mortgage credit margin for that.
The first 500 people to use my link will get access to one of Skillshare’s best offers: 30 days free AND 40% off your first year of Skillshare membership! skl.sh/taekimfinancialtortoise10231
Very true points! My husband and I have been using an Excel spreadsheet since we got married, and we've always focused on growth, even in hard times. And it is certainly true that we talk about money. It's important to get on the same page early to avoid financial strife in a relationship. 🙂
It's hilarious that you brought up geometry for trait one. I have always excelled at math, elementary school through differential equations in college, geometry was the one class that I got a C in. I think algebra would have been a better example of how you can stumble, but still do great!
And of course because I’m good with money, I’m always looking forward to your videos. I binged watch all your videos the very first time I came across your channel. Thanks for helping get over my money fears, Tae!
Tracking your money is huge. Simply knowing where it goes is often enough to trigger positive change in your spending. Finding a time-effective way to track your spending is the tough part...
Another great video! We use an excel spreadsheet to track our income and expenses as well as calculate our savings goals. I have a fairly large workbook with our financial goals through the year 2050 so we can keep our fingers on the pulse of our short, medium, and long term goals. We too talk about money everyday and I can play around in the spreadsheet for hours! It’s my little escape 😂 thanks again! It’s confirmation that we’re on the right track!
As long as nothing is taught in school to 15 year olds most people will not be good with money; it would only need one book and 10 hours of lessons, it would have enormous benefits. I recall Buffett`s story about selling cold Coke to families on hot summer evenings in his area and saving all the profits and buy his first shares at 12 years of age.
Maybe because the goal is to get you hook to his channel by making people believe that he is talking about YOU. "Oh look, he is talking about me! Look how smart I am for doing all these things he is talking about"
Spend less than your revenue. That's it. As for automation, no way. Pay attention to every bill. Make the decisions yourself.
My goals are to pay out my mortgage in 2025 and max my TFSA. I already have the money in a GIC waiting for paying out my mortgage in 2025. The only reason why I wait is because I have a close mortgage at 1.7% and investing into a GIC give me 5.1% return per year. The bank is paying me for having a loan since I use my mortgage credit margin for that.
"#1 they're not afraid of math."
Me with severe dyscalculia: "Whelp, I'm out."
The first 500 people to use my link will get access to one of Skillshare’s best offers: 30 days free AND 40% off your first year of Skillshare membership! skl.sh/taekimfinancialtortoise10231
Congrats on the sponsorship
I'm becoming a master of money with the help of Tae Kim. He's one of my go to channels that keep me on track. Thanks Tae!
Very true points! My husband and I have been using an Excel spreadsheet since we got married, and we've always focused on growth, even in hard times. And it is certainly true that we talk about money. It's important to get on the same page early to avoid financial strife in a relationship. 🙂
It's hilarious that you brought up geometry for trait one. I have always excelled at math, elementary school through differential equations in college, geometry was the one class that I got a C in. I think algebra would have been a better example of how you can stumble, but still do great!
And of course because I’m good with money, I’m always looking forward to your videos. I binged watch all your videos the very first time I came across your channel. Thanks for helping get over my money fears, Tae!
Speaking of binge watching financial tortoise…
Really like your channel
Tracking your money is huge. Simply knowing where it goes is often enough to trigger positive change in your spending. Finding a time-effective way to track your spending is the tough part...
You're so wise. Super subbed
Another great video! We use an excel spreadsheet to track our income and expenses as well as calculate our savings goals. I have a fairly large workbook with our financial goals through the year 2050 so we can keep our fingers on the pulse of our short, medium, and long term goals. We too talk about money everyday and I can play around in the spreadsheet for hours! It’s my little escape 😂 thanks again! It’s confirmation that we’re on the right track!
As long as nothing is taught in school to 15 year olds most people will not be good with money; it would only need one book and 10 hours of lessons, it would have enormous benefits. I recall Buffett`s story about selling cold Coke to families on hot summer evenings in his area and saving all the profits and buy his first shares at 12 years of age.
Buffet runs businesses.... I don't think the majority run any type of business....
Love the content! Keep up the good work😊
I literally have all these traits lol. The automated stuff is a life hack. I haven't checked my mail in over 10 years.
Maybe because the goal is to get you hook to his channel by making people believe that he is talking about YOU.
"Oh look, he is talking about me! Look how smart I am for doing all these things he is talking about"
@evalangley3985 yeah well I'm rich so... 😂
Are you related to Hans Kim the comedian?
😊😊😊
Love using writing our financial goals on a whiteboard. I do it every year and adjust my personal financial 'missions' as needed.
Great Video. Thank you for posting.
If you have a filipino friend, ask them how to pronounce your name for laughs
Haha. Same thoughts. Filipinos here.
🎯