Here in Australia for the younger generations attempting to put their foot into the housing market, mortgages can be unobtainable due to huge housing price increases which leads to high risk taking.
It's the same in most major cities in Canada. It's almost become impossible for young people to get into the housing market without the help of their parents.
Unfortunately I've had to deal with a few of these over the years but my divorce a few years back really hurt my financial security. It means I will have to work more years to make back what I lost (if I can). If I get married again I would definitely consider a pre-nup to avoid having to go through that experience again. Only the lawyers really made any money!
I agree that divorce is one of the single biggest financial mistakes you can make!
Cars, divorce, and child support.
Divorce and Cars definitely
Very Informative . thanks
In Germany credit card debt is a huge problem particularly amongst the younger generations.
@@AwfullyDisturbing it's the same in the U.S. and Canada as well.
Same here
Great info, especially about the cars, I just went through this process, and it was a headache.
I still think back to how much money I wasted on new cars when I was younger. I would be much further ahead financially.
Lots of great info here
@@TheHistoryMatrix-gk2sh thanks for your support 👍🏻
Great content!
Thank you 👍🏻
Awesome video like always. Great advises and sadly very relatable. I´m loving those views and that I got an ad in the middle. 😉 Great job 😃
Thanks mate 👍🏻
Amazing info.
@@NiffyCo thank you 👍🏻
True facts 👍🏻
Thanks mate
1 of the 5 wealth killer is CARS! oh no! 😭
@@newversionempire specifically brand new cars because of how much they depreciate after you drive it off the lot.
Here in Australia for the younger generations attempting to put their foot into the housing market, mortgages can be unobtainable due to huge housing price increases which leads to high risk taking.
It's the same in most major cities in Canada. It's almost become impossible for young people to get into the housing market without the help of their parents.
3:15 Lexus LFA
@@Aitocracy It is a hot car but you could almost buy a house for that price 😮
Unfortunately I've had to deal with a few of these over the years but my divorce a few years back really hurt my financial security. It means I will have to work more years to make back what I lost (if I can). If I get married again I would definitely consider a pre-nup to avoid having to go through that experience again. Only the lawyers really made any money!
Sorry to hear that. Certainly not a romantic way to start a marriage but definitely can save some headaches later if the marriage doesn't work out.
Might as well replace divorce with marriage if you're going to put it at number 1.
3.1% inflation in 2024 bahaha!
More like 20%
Seriously spend one minute doing some research and you'll see you're wrong!
Math is not your strong suit is it?