[arve url="https://www.youtube.com/watch?v=0lHQ-7LjR0w" mode="lazyload" align="center" /]

How did I get into debt? What are the mistakes I made and the things that happened that led me into the not-so-great financial situation? Welcome to a super chirpy Quick Money Monday…not Book a Free Strategy Session - https://onproperty.com.au/session/

0:00 - Introduction

0:55 - Knowing where you're at now is so important

1:40 - At 28 I achieved "pseudo" financial freedom through my businesses

3:44 - We were in a position to buy a property on the Gold Coast but we were unhappy

4:15 - We decided to purchase a van and renovate it

5:16 - Our van life journey didn't go to plan which cost us more than expected

6:31 - We then decided to move up to Noosa

7:29 - Spent the next 18 months of so exploring happiness and dealing with mental health issues

9:00 - Finding happiness was actually quite difficult for me

9:36 - Mid-2018 I started getting passionate about work again

10:06 - Invested in (and lost money) in Cryptocurrency

10:40 - We didn't live frugally like we should have

11:15 - I then had a marriage separation

12:15 - That exact same time business went backwards significantly

13:00 - The perfect storm that I wasn't prepared for

13:58 - We decided to move down to Sydney

14:56 - How I got into the debt situation

15:45 - I'm now actively working out of debt

15:53 - Why wasn't I focused on achieving long term financial freedom?

16:51 - It wasn't just one bad decision that led to this

I Lost THOUSANDS in Cryptocurrency - https://www.youtube.com/watch?v=6msFDDC1mEo

Recommended Videos How I Am Paying Off Debt - https://www.youtube.com/watch?v=TPuX7B6BPFY Exploring Financial Freedom (Financially Free at 28) - https://www.youtube.com/watch?v=U-nNqja8gRU

Transcription:

Something, a lot of people don't like. Talking about myself included is the financial mistakes that we make and how we got into the financial mess that we occasionally find ourselves in. So in today's episode, a quick money Mondays, I'm going to do the very difficult task of explaining how I got into debt. This is something that a few of you have been asking in the comment section. How do I run a property channel and end up finding myself in a situation where I am now currently in debt? What happened? How did I end up in this situation? Yeah. So we're going to talk about that because this year I will be focused on getting myself out of this, getting myself in a strong financial position, strong financial position to go ahead and invest. But it all starts with the mistakes that we make in the situation that we find ourselves in.

When I did the free strategy session with Ben Everingham, one of the things that we've talked about is where you at now, it's really important to assess your current financial situation, which I have done. Um, and that's something that you guys will do if you go through a free strategy session. If you're looking to invest, you look at exactly where you now and you have to then assess the mistakes that you made in the past and the fact that you're not where you want to be. If you want to get a free strategy session to help you move towards financial freedom, got on property dot. Come to you and you can read more about it over there or I'll link out to the strategy session that Ben did with me, uh, down below. So without further ado, how did I get into debt? So to start us off by the age of 28, which is about three years ago now, I achieved what I call pseudo financial freedom.

Now I've actually always called it that. I've never called myself financially free. I call myself sooner. We'll have pseudo financial freedoms to by using the word pseudo, I mean, not really. So not really financial freedom, but there's not really a better word for what I had. And that was the fact that I end businesses, online businesses in particular that generated me weekly or monthly revenue that exceeded my expenses without me needing to work on them.