Jellyman Finance

Australian Personal Finance Tips - Investing, Personal Finance, Passive Income, Entrepreneurship. Amazon Kindle Author of Broke at 30

[Jellyman Finance @Jed_Guinto]

When trying to get wealthy, how much is enough? Excess can wipe you out

[Jellyman Finance @Jed_Guinto]

To get started with building wealth, focus on small savings where you can. Eliminate debt. Get efficient with bills and utilities. Invest the gains over a long period and you'll be shocked at how much you can make

[Jellyman Finance @Jed_Guinto]

"We don't look back very often. It distracts us from the now." -Walt Disney

[Jellyman Finance @Jed_Guinto]

I don't know any entrepreneurs that didn't fail hard at some point. It's all part of success. Just don't stop moving forward.

[Jellyman Finance @Jed_Guinto]

It doesn't take a genius to make heaps of money, just persistence and the willingness to ignore those who think you can't do it.

[Jellyman Finance @Jed_Guinto]

Why is it that those who say "money doesn't bring you happiness" also the ones that complain most about their jobs, pay levels, interests rates, lack of opportunity and blame the government on their problems.

[Jellyman Finance @Jed_Guinto]

What you do witha small amount of money will determine what you do with a large amount of money

[Jellyman Finance @Jed_Guinto]

If you were starting with $5k in cash, how would you start your investment journey?

[Jellyman Finance @Jed_Guinto]

On my tombstone I want it to say "13% Compound Interest for 35 years at 0.2% Expense Rate"

[Jellyman Finance @Jed_Guinto]

Analysing businesses for investments is not hard.

If the business is too complicated for you, don't buy.
If you don't understand the industry, don't buy.
If they have razor thin margins, don't buy.
If their strategy is to undercut competitors, don't buy.

[Jellyman Finance @Jed_Guinto]

It's really easy to tell if a news story about your favourite stock is true or false.

Run the numbers.

[Jellyman Finance @Jed_Guinto]

I love Taxes! Mainly cause I don't pay that much of it. It's imperative you understand how tax works or you'll never get rich.

That's because the more money you make, the more you get taxed.

[Jellyman Finance @Jed_Guinto]

The moment I said, "how can I afford this?" over "It's too expensive", things started to really change for me.

[Jellyman Finance @Jed_Guinto]

When it comes to investing, focus on facts and numbers. If the math doesn't make sense, don't buy. If you don't have enough data, don't buy. If you have no money, don't buy.

Investing is not that hard.

[Jellyman Finance @Jed_Guinto]

Have you ever noticed how there's millions of people creating youtube videos of strategies that made them rich; some of whi is very outlandish. Yet there are very few videos of the same people showing how they lost it all.

Sounds like some inherent bias to me.

[Jellyman Finance @Jed_Guinto]

Getting rich is easy. Stop buying stuff you can't afford

[Jellyman Finance @Jed_Guinto]

"I'm just going to buy this new toy for myself cause I get paid next week!"

These are the words of the poor

[Jellyman Finance @Jed_Guinto]

In your 20's you worry what people think of you. In your 30's you stop caring what people think of you. But by your 50's you realise just how little people actually thought of you.

[Jellyman Finance @Jed_Guinto]

It's amazing that once you make significantly more money, I'm talking guaranteed passive income greater than the average person's job, you buy less things. You start to value long term stability over trying to impress others

[Jellyman Finance @Jed_Guinto]

Stop trying to keep up with everyone else. Th fats how you end up in debt. True wealth and security looks poor from an outside observer