Financial Life stages shows you what to expect and if you understand them you can take action in your financial plan and actually plan for things way before you need them to happen and we all know that money compounds with time so taking those actions early will definitely pay off. So this series will cover all three financial life-stages that people go through so be sure to check out the other 2 videos in the series.

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!

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Life stage Stage 3

Retirement Age 65 onward

These are the years that you’ve worked hard over a career to buy and should be the most enjoyable years of your life and is true financial freedom. But this is also a time when you still need to have a plan because there are always financial needs to be addressed.

Common Goals in this life stage are:

Live life through savings assets and incomes from those assets that you’ve accumulated over you career

Self actualization through giving back

Living for a purpose with all the time you now have

Having an income generating hobby

Maintaining your health and

managing insurances

Maintaining an estate plan to minimize taxes and manage the transference of your wealth and wishes

Now Time spent in each life stage obviously varies from person to person however fundamentally achieving your financial goals is dependent on common principles of planning, investing and having the discipline and habits to follow through.

I’m interested to know if this helped you? Let me know in the comments below!

QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website www.mrnaby.com and send me a mail and we can set up a Skype session!

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Having the end in mind is an important thing when we commit ourselves to something and For those of you committed to your journey of financial freedom, “the end” in mind can be so many things be it money, comfort, being debt free, having a baller lifestyle but no matter what your goal is every person has a common path through life when it comes to money. A guideline that matches money to where we are in life. Those are called financial life stages. And its important to understand those so you can literally have the end in mind from wherever you are in you life today.

Financial Life stages shows you what to expect and if you understand them you can take action in your financial plan and actually plan for things way before you need them to happen and we all know that money compounds with time so taking those actions early will definitely pay off. So this series will cover all three financial life-stages that people go through so be sure to check out the other 2 videos in the series.

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!

#financialLiteracy #Money #Education

Life stage Stage 2

Accessing your assets and Preparing for retirement Age 45 - 65

In this life stage you are likely to see your higher earning years and naturally you higher spending years with things like nicer cars and homes and living life with children and their expenses but you are likely to also be well into owning a few assets in this time and have built up some nice savings and equity in your homes or even maybe you’re into a business. This is the time when your decisions determine your transition into retirement and when that time can become a reality.

QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website www.mrnaby.com and send me a mail and we can set up a Skype session!

Thank you for the support and Please Share!

Having the end in mind is an important thing when we commit ourselves to something and For those of you committed to your journey of financial freedom, “the end” in mind can be so many things be it money, comfort, being debt free, having a baller lifestyle but no matter what your goal is every person has a common path through life when it comes to money. A guideline that matches money to where we are in life. Those are called financial life stages. And its important to understand those so you can literally have the end in mind from wherever you are in you life today.

Financial Life stages shows you what to expect and if you understand them you can take action in your financial plan and actually plan for things way before you need them to happen and we all know that money compounds with time so taking those actions early will definitely pay off. So this series will cover all three financial life-stages that people go through so be sure to check out the other 2 videos in the series.

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!

#financialLiteracy #Money #Education

Life-Stage 1:

Accumulation of assets age 25-45

In this stage young adults are at the beginning of their understanding to financial life and have to learn how to manage their limited income and create habits of saving and spending. They also have to learn to manage their life throughout all the offers of debt and products as they step into a world of offers and sales cycles and through all that move toward life events such as marriage and partnership and planning a family.

Common Goals in this life stage are:

Paying off student loans

Building up short term Savings

Starting long term saving

Buying their first Car

Deciding which is better, renting or buying their first home

Saving for holidays

Saving for kids education

Setting up Insurance to protect their income and goals

Now your financial plan should be a byproduct of your understanding of financial planning and it has to be linked to your goals and be measurable.

I’m interested to know if this helped you? Let me know in the comments below!

QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website www.mrnaby.com and send me a mail and we can set up a Skype session!

Thank you for the support and Please Share!

The most annoying thing about debt is how much money of your paycheck is taken every month towards loans, credit cards, accounts, leases. And if you can focus on paying off debt faster not only are you going to save a lot of money in interest expenses you’re going to get to financial freedom a lot faster because when they’re gone all those debt payments you’re used to paying can build you up a lot of wealth.

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!

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So if you want to be debt free, Here are two ways to pay off your debt.

*By highest interest rate first*

List debts from highest interest rate and mathematically paying off higher interest rates first.

* “Debt Snowball Method” *

Which works on the principal of human psychology and the motivation you get from paying debts off fast one at a time and riding that momentum through your debts. How it works is you pay off the smallest debts first aggressively and when one is paid off you use the payments of that one towards the next smallest debt and as you pay them off your payments from previous debts add up to pay off bigger debts and it starts to snowball.

Now whichever method you choose, decide and start taking aggressive action and allocate as much as you can toward paying those debts off because once they’re gone you’ve created a habit of putting money aside and you can start paying yourself that money and accumulate a large amount of savings or investments soon after. 

I’m interested to know if this helped you? Let me know in the comments below!

QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website www.mrnaby.com and send me a mail.

Link to budget video here: * https://www.youtube.com/watch?v=cczyX... *

Paying yourself first by making sure money goes out of your account via a debit order/stop order or any other automatic way into a savings account or investment. It is an effective way to consistently build up a large amount of money over time but in trying economic times when interest rates go higher and fuel prices go higher there comes a point... a point when your mind tells you, where’s all the money gone?

So where’s the problem here? The problem is in understanding why. If we don’t know why we’re doing something our brain will find a reason why you shouldn’t do it if its feeling stress.  That includes finding a reason to keep giving money away for things you don’t need and freeing up money that are going to things that are good for you, like savings. 

So that’s pretty much why “paying yourself first” the common way works until it doesn’t suit us. 

This video shows a habit of living a certain way by paying yourself your own salary and controlling when your standard of living increases and so you get to accumulate wealth and still live the same life as those around you. One 6 month delay at a time.

I’m interested to know if this helped you or if you have a habit that works for you.  Let me know in the comments below!

QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!

#financialLiteracy #Money #Education

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website www.mrnaby.com and send me a mail.

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!

#financialLiteracy #Money #Education

So this is a massive topic applicable to everyone because lets face it. Statistics are scary when it comes to retirement numbers worldwide. 6% of people in SA retire financially stable. In the US just under 50% can retire stable and its getting worse.

So here’s an Idea, a little change in perspective to long term planning.

Properly saving for retirement in retirement annuities, pension funds or provident funds can pay for your holiday every year.

You can contribute up to 27.5% of your total income (Capped at R 350 000) towards retirement savings vehicles and get back the tax you paid on that money or pay less tax and get a higher after tax income. 

Now what can you do with that money?

To those of you subbed in the US and UK this concept can still apply for you! Instead of 27.5% PER ANNUM For 2018, the annual deductible limit is $18,500 and 40000 Quid in the UK.

I’m interested to know if this helped you? Let me know in the comments below!

QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website www.mrnaby.com and send me a mail.

Thank you for the support and Please Share!

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!

#financialLiteracy #Money #Education

This video has 5 Steps to take when buying your first home. Buying your first home is an exciting experience and The key to doing it properly is to prepare yourself to understand what you have to do before you even start looking for a home.

5 Steps:

1. Review your Finances

2. Can you get Approved for a Bond

3. Consider How Area Affects your decision

4. Revisit your Numbers

5. Leveraging Your Offer

I’m interested to know if this helped you? Let me know in the comments below!

QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website and send me a mail.

Thank you for the support!

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom! #financialLiteracy #Money #Education This Video covers 4 Ways to Invest Money.  Money Is a tool. It’s a means to achieve something and having enough of it unlocks our availability to have options.  Golden rule Rule. If you can keep more money than you give away every montMoney Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!

#financialLiteracy #Money #Education

This Video covers 4 Ways to Invest Money.

Money Is a tool. It’s a means to achieve something and having enough of it unlocks our availability to have options.

Golden rule Rule.

If you can keep more money than you give away every month- you will have more money every month. 

If you have more money this year than last year you are on track. And if you don’t have more money than last year... you’ve given it away. 

If you don’t understand that rule yet then go check out my videos on budgeting and how to understand they way money flows in and out of your life so you can create the habit to have more and more money to invest.

1. Have a planh- you will have more money every month.  If you have more money this year than last year you are on track. And if you don’t have more money than last year... you’ve given it away.  If you don’t understand that rule yet then go check out my videos on budgeting and how to understand they way money flows in and out of your life so you can create the habit to have more and more money to invest.  

1. Have a plan.

2. Pay your debts first

3. Identify investment options that suit your goals

4. Invest in yourself

*TIP* Create specific time every day to only work on yourself with no distractions.

QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website and send me a mail.

Thank you for the support!

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to finanMoney Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!

#financialLiteracy #Money #Education

In this video I discuss the Top 5 reasons to budget and its purpose in your life.

So what are the 5 reasons to budget?

1. A plan for your goals.

2. Saves you from debt.

3. Create an emergency fund.

4. Saving for your future.

5.Keeps you honest.

A budget is really the First step in your Financial planning journey. You have to know where you are today in order to plan for where you want to be.   QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!  Music by: Joakim Karud - Rock Angel   Subscribe to MONEY TALKS WITH NABEEL KHAN Here: https://www.youtube.com/watch?v=cczyXhVd2hc&t=23s

Nabeel Khan on Social Media: http://www.mrnaby.com

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website and send me a mail.  Thank you for the support!

In this video I highlight an huge step in the thought process that people miss when they start investing! Its starts with a test of the question below.  Quick question for you guys, which is better?  #Saving R 2 000 a month under your mattress or  #Investing R 1500 per month with a return of 10% pa after 1 year? What about after 6 years?  I’m interested to know how you answered the question? Let me know in the comments below! Any savings goal will always be outperformed by the person who has the stronger habit of saving. Investing the ever growing funds from a strong habit of saving.  QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!  Music by: David Cutter Music - https://www.bensound.com

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DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website and send me a mail.  Thank you for the support!