3 THINGS PEOPLE DO IN 2022 THAT WON’T GET THEM AHEAD

Make 2022 The Year You Start Your Journey As A First Home Buyer

We live in a weird time.

Everyone wants to get ahead. Yet, most people act in a way that is devoid of creating any value to them or anyone else.

So for today’s video, I have decided to talk about three main things that people do that won’t get them ahead.

In reality, these things wouldn’t get any people ahead at any given time in history.

I’d like to emphasize that this is all based on my 15 years of personal finance expertise, during that time if noticed the trends in behaviour that push people away from what they want.

Also, hang around until the end because I have a life hack that has personally worked for me over the last 5 years which took me miles ahead. Let’s get started!

1. People want to cheat.

First thing I’m going to discuss is that people want to cheat.

What I mean by that is, people expect to get ahead by not doing what it takes to get ahead.

Well, the basic rule is for you to accrue wealth, you must create value.

That’s pretty simple when you boil it down, money is a reflection of value. If you want some of it, you should work to give value.

Unfortunately, we live in a society where you can just click your fingers, and money will come out of nowhere.

We live in a world where we think we can get money without creating value, and that’s why most people are going to remain poor, because they just don’t understand that money is a representation of value.

Our generation got sold a lie. Almost everyone thinks we can get rich quickly.

Sometimes people even opt to get extra credit cards just so they can appear to look like a rich person. But eventually, the credit cards are going to stop being extended and they’re going to come chasing you for the money owe.

2. Spend more than what you earn.

That brings me onto the second point which is people spend more than what they earn.

I can guarantee you that this happens from the top, from the federal government, down to an average individual level. This fault has infiltrated our way of living.

It’s like the world is wired to pretend to look good nowadays despite the cost it requires. Our lifestyles are becoming very fake.

These days, people’s behaviour is based on doing things to feel a certain way.

Because people want to feel good, people will throw around money to feel good and look rich. Then they’ll go on social media and post photos in front of an expensive car, or go on a holiday, which is paid by their credit card, then take photos so everyone will think they’ve got a good life. But in reality, they haven’t… and the fact remains that acting in this way to feel rich is not the same as being rich.

For the past 15 years I’ve been seeing people’s bank statements. I also see how people act on social media. One of the things I learnt when I’m assessing people’s finances is that numbers lie way less than people.

People can tell me a story, they might even believe it, but it’s different to the story that I see on paper … and this is a sad reality. That saying, “fake it ‘til you make it’ doesn’t sound right, especially if you’re spending more that what you earn to make it.

3. People don’t believe they can create enough value to take care of themselves

Mistake number three is that people don’t believe they cancreate enough value or wealth to take care of them.

Now, you’re going to have to hang on here because I’m going to explain things in terms of the times we live in.

Let me just say that this isn’t personal and it’s more a tale of the times.

First, let me paint a picture of the times that we live in compared to previous generations or ages.

Our society in recent decades has told us a very disempowering story and that is that we cannot create enough value to take care of ourselves.

I’m going to break this down and explain it from a couple of different angles.

Let’s talk about the elderly. I’m just going to put it out right – we no longer respect the elderly.

Actually, what’s normal for us now is to put them in nursing homes. And we literally just had a Royal Commission in the abuse of elderly here in Victoria.

What I want to say about that is, all of civilization would look at that and would probably kind of get a bit disgusted at the look of it.

For all of time humans have listened to the elderly and that’s because they carry the important stories throughout time. That’s why you always hear the term “revered elders”

The elderly can actually remember the Great Depression and what it felt like. Now, by not listening the elderly, we’re kind of just saying, “No, we don’t need the lessons history taught us, because we’re too smart for it now.”

We’ve created a world where it’s no longer practical to have the grandparents as a part of the family unit so we send them to nursing homes. This has been how things work in this country and in many Western countries around the world for a number of decades now.

Anyway, I’m getting sidetracked now. My point is we live in a world where we cannot care for our own anymore. I believe that people learn this vicariously and are affected by their actions by it.

Let me close this out by quoting Winston Churchill,

“Those that fail to learn from history are doomed to repeat it.”

Another controversial thing for me is when parents have to put their kids in a daycare at a really young age.

Now, if you want to have a career and you need to put your kids in daycare at a really young age, that is understandable. I’m not judging anyone here.

The point I’m trying to make here is, a lot of families don’t have that choice. And if they had a choice many of them would find it more valuable to have one parent raise their kids for longer.

Unfortunately with increasing house prices where we live in, that is not an option anymore.

They’re not working for their career. They’re working because they have to pay the mortgage. They have to pay their debts… and that sounds like debt slavery to me.

Sadly, we now live in a world where it normal to be in work until the age of 70. Then the next thing after paying your mortgage is that you’re going straight off to the nursing home for some people. This is a really sad reality.

This is the new norm and it’s not cool.

I want to share something with you. When I was a kid, all I wanted was to be normal.

I just wanted to be like everyone else.

Now look at what’s normal in our society… and I just think that this is absolutely crazy.

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What to do to get ahead in life?

So, let’s go back. Let’s give you some simple answers on what to do to be ahead in life.

Firstly, you just need to believe you deserve not to be poor because all of this is about mindset and behaviour. Think and plan ahead, then have the drive to consistently push through your goal. Just put in patience and perseverance, eventually, your circumstances will change.
Secondly, you just need to take responsibility for your own life.
Don’t look for someone to blame. We often hear people saying, “Oh, it’s the government’s fault or someone else’s fault or something happened”. Start owning your life. Be the captain of your own destiny.
Thirdly, here is my life hack that’s has worked for me so well for the past 5 years. I know it can work for everyone else because I’ve made it that simple that it can’t fail – Spend 20 minutes a day on your own finances. I know an incredibly large amount about economic, investing, and all that sort of stuff. Personally, this knowledge is incredibly empowering because I don’t need to rely on anyone.

I grew up in a place where money was scarce. We had to rely on welfare from time to time, and that’s not a good place to be.

You also don’t want to sit in that kind of place for too long, especially now if you’re looking at government pensions that are not getting any larger, right?

So the reason why my hack works is because it’s a habit now. I just do it every day. I commit to it every day.

So, what should you do? Well, I suggest maybe start with 5 minutes a day. Start on budgeting. Write it out on a piece of paper or on a spreadsheet.

Maybe next you want to learn about your super. Then learn that if you put a little bit more into your super every week, then the government will give you some added incentives and that will help you grow your super and your wealth.

Maybe you want to learn about property investing. Maybe you want to learn that “Oh, I don’t need to have a deposit if I already own a home and I can buy an investment property”.

The sky’s the limit. You should just get started and that’s not financial advice.

If you need help with finance or home loans, please get in touch soon. We’ll be very happy to assist you and answer those questions you’ve been meaning to ask.

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Will Bell

Will Bell has 15 years’ experience in the finance industry, the last 11 years he has owned and operated Will Bell Mortgage Broker. He specializes in residential home loans and over the years has carved out a trusted brand. This is proven by the reviews his customers have made regarding the service and the experience he has provided.

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