Mind the Gap: Unleash Your Financial Superhero - RFS'24 W1
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- Опубліковано 11 вер 2024
- Dive into the world of financial abundance by doing the exceptional. Discover how to track your spending, align it with your values, and create a wealth-building gap that defies the norm. Say goodbye to lifestyle inflation and hello to joy-fuelled spending.
Pain Point: Are you tired of living pay check to pay check? Learn how to break free from financial constraints and build a positive gap between income and spending.
POLL
Do you know how much you spend? forms.gle/cNYo...
RESOURCES
This UA-cam 🎥 is part of a 10 week course called Rebel Finance School 🏫. For access to the notes 📝, spreadsheets 📊 and more than accompany the course please sign up here: (www.rebelfinanc...) 🌐
If you have questions related to the content or any of the accompanying resources please enter them here: bit.ly/RFSQ These questions will form the basis of our live Thursday Q&A sessions as well as the website FAQ doc.
10 ways to increase your income page: rebeldonegans....
Salary trap: how to break free and boost your income: • Salary Trap: How to Br...
Billionaire Librarians: rebeldonegans....
Events calendar: rebeldonegans....
Live large on a small budget: • Live Large on a Small ...
Spending tracker template: rebeldonegans....
How big is your gap calculator: rebeldonegans....
Excel for beginners course: rebeldonegans....
UA-cam Catching up to FI episode: • The Late Starter's Gui...
UA-cam Week 1 Q&A session: • Q&A: Mind the Gap: Unl...
Disclaimer: we are not financial advisers 💼 This is not financial advice 💰. We are not regulated. We are not trained financial advisors 🎓 We are never going to try and sell you anything 🛍️ You make your decisions 💭 Sharing our opinions and ideas 💡 These ideas may not continue to work for us or for you. You are 100% responsible for your financial future 💸 There are no guarantees here. For our full disclaimer please visit: rebeldonegans....
#RFS24 #RebelFinanceSchool #PersonalFinance #FinancialLiteracy #FinancialIndependence #TheDonegans
I was away when this started and jumped in at week 3. So thought I must watch week 1. Excellent , Thankyou. I watched Katie’s excel course tutorials . I learnt so much and have created my own spending tracker. Well done me. I could never have done that.
Every week I’m looking forward to.
Supportive community on FB. Thank you for providing this Free course. You are changing lives.
Your medal is so well deserved .
Hey Teresa. Your comment made my day! I’m so proud of you and happy that you made your own spending tracker! Excellent!! This is sooo exciting for me to read
Thank you so much for your kind words and encouragement. It’s comments like this that inspire us to do more and give more so thank you for taking the time to write it
Katie ❤️🍍👍🏼🥰
I was sceptical about joining this initially as I wondered what an ordinary couple with less than 10,000 subscribers could teach me and thought it might be a bit of a shambles but you two are fantastically well informed and the materials you've put together are outstanding.
I actually can't believe this is an entirely free offering, it's phenomenal what you are doing here.
I know it's off topic for the first episode but I I read Alan's Wealthify review, in which I had just under £9500 invested and when I saw how high the fees were, learnt that they were actively managing the passive fund to the detriment of performance and that investments in bonds were a drag on my growth I set up a Vanguard Global World Cap index fun with fees less than a third of the cost, pure equity, no bonds and proper passive index investing. I suspect that over the next twenty years this decision will likely make me thousands of extra pounds so I can't thank you enough for that.
Really looking forward to the next 9 weeks!
What an AMAZING comment. Thank you Kevin. Alan: “that just made my day. Let’s work out how much that change made him!” Message us and let’s figure it out 👍🏼🍍💪🏻
Thank you so much for joining the course and hanging out with us. We have so much fun creating this content and sharing with the world. It means a huge amount that you’re using it and we are so happy.
We never quite know the impact of our work so it’s so wonderful that you told us! Thank you for being on the course and for all your comments in the chat today! We love having you on the course
@@rebeldonegans so I've set up a transfer of my Wealthify money to Vanguard, it's pending but says it will take 30 days. Bit disappointed to come out of the market for a few weeks but I feel it makes sense to do it now at the beginning of my journey and start properly. So I will have £10,000 in Vanguard once that has transferred and I've set a direct debit for £250 a month but I'm hoping to put another £100 to £200 a month extra in on top, as my finances allow.
I'm hoping to hit £15,000 by April 2025 and then and hopefully pass £50,000 by April 2030 which I guess will be mostly me saving into for that period. Then I'm hoping the investment will start to help me by generating its own income and I can grow more rapidly. Does this sound feasible?
This class was phenomenal! Best beginner's financial literacy ever! And we've attended plenty!
YOU ARE AMAZING. We are so excited to have you on the channel tomorrow. It is going to be Epic!
❤️❤️❤️
Have to say the spending tracker template was soooo incredibly helpful. If I had created one myself I definitely would’ve over complicated things so thank you Katie! We’ve just finished tracking and categorizing from January to May and my oh my how enlightening it has been👀💸.
Thank you Alan and Katie for encouraging us to take our head out of the sand and really come to terms with our spending habits and where we’re at. Can’t wait to continue learning on this course!!
Wow what a beautiful comment! Thank you for taking the time to tell us whats going on!
I’m so happy you like the spending tracker template! Yes it’s all about keeping it simple haha
I LOVE that you went back to Jan and have done the whole year so far
I LOVE that you are getting on top of this and I’m excited to see what you think of the coming weeks ❤️❤️❤️
Brilliant session! If I do sign up for something for a free period, I ALWAYS put a note on my google calendar to remind me to cancel it before the due date!
Love that. It is so critical! Such an important tip!
Just caught up on last night's video - thank you so much! I'm feeling positive about finding a way to track our household spending.
Yay! Hey Sophie. I’m so happy you are feeling positive. Thank you for the lovely comment. I’m excited to hear how it goes for you!
I really love this. Having a clarity and focus to readjust and realign with our purpose for money as a tool in our lives.
Thank you for the beautiful comment ❤️ having a focus is so important! And yes money is just a tool to live the life you want
Very nice work on video 😊 make you open your eyes 👀
Thank you Paul. I’m so happy you liked it
Hmmm, I’ve just calculated that me and my family travelling from NZ to UK to see my parents/sister every year comes to $122,000 NZD (£66,000 ish) over 10 years if we were investing that money instead. That’s pretty shocking. I wish I had all this knowledge before I made the decision to move countries - emigrating is expensive
Maddie wow that is a huge cost! I guess the important thing is to focus on the benefit that you get from this seeing your family and connecting with everyone! It is interesting how calculations like this can help us see things differently and make different decisions when we start! thank you for commenting and we appreciate you watching the channel
late to class and just watched Mind the Gap, and I'll be doing the Keen Bean homework next ! Well it's Saturday night and I'm waiting up for my teen to get home from his trip to Sydney (we live an hour north of that) so why not. Relevant sensible content delivered in a nube-friendly format!
Marianne you are amazing. We are coming to Sydney in October for the Tribe FI event and then hanging out! Maybe see you there for a coffee!! Thanks for watching!
So wonderful! Thank you!!!
You are so kind! Thank you for tuning in! you rock!
@@rebeldonegans 🤩🤩🤩
Thank you for such a fun video and hello from New Zealand. I used a Kakeibo tracking book last year for 6 months, but I let that discipline slip. You've encouraged me to get straight back into it - writing down every expenditure daily. Because of doing those 6 months of tracking I now have a little bit invested in shares and $2000 on term deposit. A huge win from being in debt a year ago. I'm really looking forward to the rest of your course. Roll on the homework!😂
Hahah yay homework! I’m so happy we inspired you to get back into tracking your spending
Wow congrats on the massive turn around from debt to saving and investing!
Thank you for coming on the course and hello from the past. How is the future looking in NZ??
Hey guys! Thanks for this course I feel me with a bit of fear and dreath to do this but I get you contagious eximent about this so will do this step today even though the panic 😢
You can do it! Just take small steps and do a little bit each day and it will be amazing where you get to! You are incredible. Thank you for tuning in and let’s make it happen.
Thank you so much! Really inspiring
What a lovely comment! It’s our pleasure. I appreciate you taking the time to write the comment ❤️
middle class comment is (I think) about the attitude to building capital as a fundamental approach to life.
interesting. The idea of investing and owning companies was one I learnt later in life. And it was transformative going from a consumer to owner!
Love that you guys are in Brasil watching Flamengo :) ❤ I am from the Iguazu falls love it ❤
Raquel we went to Iguazú too and it was amazing. So incredibly beautiful. Are you from Foz then??
how do i approach my husband to set up a joint account for our bills? i pay some direct debit bills and he pays the large dd bills. he earns more i earn smaller salary so we cant split the bills equally. i feel this is effecting my credit rating too as mortgage is in my name but the dd isn't coming out of our 'joint' account only his paid salary account? We have a 'joint account but just on kids stuff, petrol and food' any advice would be amazing.
Money Map is free with Credit Unions in the USA.
Thank you for the tip Danielle!
@@rebeldonegans you're welcome!
I'm self-employed, my income varies month by month, so I'll use an average. presumably.
Lucy I had the same thing for decades! You can either do it as an average or you can just do it as exactly as it is and then you can take the average over the year when you’ve worked it out! Either way works perfectly.
Invest it ALL in the Total World ETF & US500
Haha great answer! Excited for the investment weeks later in the course 👍🏼💪🏻
Hi, can you add a link for the most recent net worth tracker please?
Hey there. We’re updating our new website currently and the net worth tracker will be up in a few days! Are you coming to next week’s rebel finance school session? We’ll definitely have it by then and will link to it in the description for week 2!
Is 10% really consistently achievable when investing? I have never invested but feel like in reality it's less
That is a great question and one that comes up consistently! If you watch the week one questions and answers we show you the details of the exact fund we invested in and how well it’s done.
The fun we have invested in has gone out 13% year year since we started. It is absolutely achievable and you don’t have to do anything for other than put your money in and start.
£1m? 600k in S&P, rent out my house in UK and move to the Balkans. Put 50% down on a property, continue to run my business, invest the rest in myself for healthspan, personal development and social enrichment.
What a wonderful answer! I love this Michael. Feel like you may have thought about this before! ❤️🍍👍🏼
@@rebeldonegans I may have. 😁
Give it away
Thanks for commenting! Would you give it all away?
@@rebeldonegansI've given away more.
What are your views on charitable giving?
Some charities use your money efficiently, some don't. Difficult to tell sometimes. I think you should put the oxygen mask on yourself and then you can help more people later. For us we spend a lot of our own money putting on this course and helping people in our own way. We spent £12k last year running RFS and putting it on and giving it away but we helped over 5000 people improve their finances. It is an interesting debate. The key is to know that the money you use to do good actually does good !
@@rebeldonegansThank you for such a considered response
Wrong response@@eseadiotomre660
85
Thanks for commenting and watching!
I think the comments about geared towards the middle class is characteristic of many UA-cam videos on wealth/investing/finance as an example the growth chart as people get older they earn more. I don’t agree as there is millions out there who are minimum wage and it never increases, with whatever age people are.
I don’t think you are trying to do this at all and I get where you are coming from and trying to show that everyone can do it.
There is never a chart for minimum wage through their timeline though, I’m still watching and find it educational myself, just don’t like to forget those who will never earn big bucks (even though it’s not like that here )
Mark, thank you for your comment! For us what we think is important is not the earning potential of an individual but what they save and invest. There are plenty of examples out there of people who live on minimum wage and then can retire comfortably! We’re trying to help people see that they can retire comfortably.
If you started investing early enough building a pot of £1 million is not actually that difficult.
The problem is that no one really believes it.
I genuinely believe that anyone can improve their finances and make progress and that’s what we’re trying to inspire people to do.
I’ve only seen the first of your videos, but I can see what you are trying to do.
I think it’s possible to, it’s difficult especially for people like myself who are on lower incomes and not very young anymore and never knew about investing etc
@@markne5vt We would love to help you get ahead. What we are trying to say is it is possible for anyone to improve their situation and the tools of good finance are the same no matter the back ground or income! I hope you stuck with it as these tools can help you get ahead!
Pay my mortgage, and invest in my pension, open a business
You can do the third one without any money!
@@rebeldonegansDo you have a series or video on how to do this?
The comment about ‘middle class’ was weird from a kiwi perspective, we just don’t typically use those terms here. Tradies usually earn more than professionals!
Tradespeople in the UK can earn a huge amount as well! I think it is uniquely British thing and the class system seems to still exist in some way in the UK.