Rob Baker Videos

3 financial mistakes and how to avoid them… Financial mistakes hold us all back. If you can avoid these 3 you will take a massive step towards improving your financial life. 1. Not having an emergency fund. If you don’t have a pot of money set aside, when you’re faced with a financial emergency, you can be forced into using expensive forms of credit. 2. Allowing 'lifestyle creep' to occur. Lifestyle creep happens when you earn more money and your lifestyle gets more expensive at the same time resulting in you having no spare income to save or invest. 3. Over committing yourself financially with buy now/pay later. In reality, credit agreements reduce our flexibility and capacity to cope with financial emergencies. #eden #financialadvisor #financialfreedom #financialplanning #finance #financialliteracy #financialeducation

In your 20s? This is for you… the financial decisions you make in your 20s compound over time and can have a big impact to your future wealth. These are three of the best ways for you to start building a strong financial future. Get a financial plan and design your lifestyle around 75% of what you earn so that the other 25% can be saved or invested for your future. Make sure you’re an active member of your employers pension scheme, both your employer and the government contribute on your behalf. Do what you can to get on the property ladder. Even if that means partial ownership with friends or family. Whatever you do, the journey is long so be patient and deliberate in your financial life. #eden #financialadvisor #financialfreedom #financialplanning #finance #financialliteracy #financialeducation

The secret to successful investing…First of all, don’t think of investing as a get-rich-quick solution because it’s not. Any promise of guaranteed or excessively high returns is more than likely going to leave you disappointed, and at worst could leave with nothing. According to Warren Buffett the world’s greatest investor. The secret to investing is being patience and disciplined, and investing for the long term which means decades, not just weeks or months or years. When you invest for the long term you are more likely to benefit from compound returns. It has also been proven that if you treat investing like playing the lottery, trying to guess which companies might do well, buying and selling, jumping in and out, you are far more likely to end up worse off than when you started. Obviously there is way more to it than this but no matter what else you do, when it comes to investing, if you lack patience and discipline, you are much less likely to build serious long tern wealth. #eden #financialexpert #buildwealth #investingforbeginners #finances #financialindependence #personalfinance #moneysmart

Why you should live on 75%… If you find complex dynamic saving plans too overwhelming, the 75/25 rule is the method for you. If you reduce your living costs to 75% of your net income, that leaves 25% each month to put aside for future needs whether that’s an emergency fund or investments. The long term benefits of doing this massively outweigh the inconvenience of cutting your living costs down to 75%. Here are a few examples of these benefits. #eden #financialexpert #buildwealth #investingforbeginners #finances #financialindependence #personalfinance #moneysmart