This course is not financial product advice, it is information only. Before acting on any of this information you should consider its appropriateness to your situation. The course does not take into account your individual objectives, financial situation or needs and, as such, should not be taken to be a personal recommendation.
References to external websites are provided for your convenience and do not constitute endorsement of the information at those sites or any associated organisation, product or service. The author accepts no responsibility for the accuracy, completeness or currency of material contained on any external website referred to in this course.
The information contained in the course is taken from sources that are believed to be correct at the time of writing. The author accepts no liability of any kind to any person who relies on the information contained in this course.
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The following information contains mild coarse language and some sexual references, which may offend some readers.
But probably only the knobs.
Financial Freedom for Gens X and Y by Nick Haggarty
G’day and welcome to Financial Freedom for Gens X and Y. This course is designed to give you the information about money you wish you’d been taught at school – the sort of stuff that should see you out of debt and sleeping well at night, with money not being a worry for you. If you reckon I’m gonna teach you how to retire as a millionaire by age 40, it’s time for a reality check. For the vast majority of us, that’s simply not possible.
What I teach is how not to be at the mercy of a bank for 25 years with a mortgage that drowns you, and how to set up your super so that you can retire comfortably when you reach normal retirement age. I’ll tell you what to avoid and how to avoid it, as well as how you can get your money working for you, and where to find some really great info (‘cause I don’t have all the answers). And I’ll do it in language you can understand.
So if you thought I was about to divulge to you the secret of money, revealing how to work out next week’s Lotto numbers by factoring in where Jupiter is in relation to Mercury’s second-largest moon, then you’re a dickhead. Mercury has no moons.
If you feared that learning about money was going to be as dry as listening to Phillip Ruddock talking about, well, anything, then think again. This course was written with the average attention span of a YouTube addict in mind. Almost all of the videos run under four minutes and most are funny.*
*I reckon they are. I don’t care if you think they are or not. Good on you for reading the fine print as you have just learnt your first lesson in finance – always read the fine print.
Before I outline the topics you will be learning about, let me tell you a bit about myself. (Skip this bit if you don’t like self-indulgence, or couldn’t care less if I have any credibility or not.)
I’m a gen X-er, born in the mid 70’s, and extremely lucky enough to grow up with two parents who were pretty bloody good with money. Most of the world’s kids don’t have this luck and aren’t born in Australia – one of the world’s richest countries.
Let’s all take a moment and stand for a moving rendition of the national anthem.
But don’t bother with the no-longer-sung 4th verse:
Shou’d foreign foe e’er sight our coast,
Or dare a foot to land,
We’ll rouse to arms like sires of yore
To guard our native strand;
Brittannia then shall surely know,
Beyond wide ocean’s roll,
Her sons in fair Australia’s land
Still keep a British soul.
In joyful strains then let us sing
“Advance Australia fair!”
The only thing British about my soul is the fact that I can’t stand outside on a 25+ degree day for more than six and a half minutes without ending up with a burnt bald spot.
Apart from being as white as snow, I really am bloody lucky to have had the background that I’ve had. I started investing in managed funds when I was 21, and went to a few investment seminars where I realised I was the youngest person in the room. My interest in money got to the point where I decided to do a Diploma of Financial Planning through Deakin University. When I finished it, I was enjoying my non-finance related job enough to remain out of the finance industry.
But, I was still the youngest person at the investment seminars.
At one seminar I thought to myself “Why are all the people here asking questions about what their sons and daughters should be doing with their money? Why aren’t their 20 year old daughters and 30 year old sons here, asking the questions themselves?”
You see, your average financial seminar is as boring as the former honourable member for Berowra. A suit-wearing guy standing in front of an audience and talking about money in the most deadpan way possible is hardly what keeps people coming back for more. So I thought that I should write and present a course myself. Five years of face-to-face courses later and it evolved into the form you are reading today.
I am not a boring financial planner. Nor am I an investment advisor, insurance salesperson, mortgage broker, real estate agent, accountant or stockbroker. I am not employed in the financial services industry at all. I do not hold an Australian Financial Services Licence, nor am I an Authorised Representative of a licence holder. I’m a TV cameraman based at Parliament House in Canberra. You’re probably now thinking, “Great. I’m wasting my time on this course.”
To make you feel better, here is a photo of me at work.
Here is an old photo of me and a cheeky colleague.
And this is a photo of me wishing I was talking to Phillip Ruddock.
No, those images have not been Photoshopped. Now you really are thinking, “Definitely wasting my time!”
The diploma I gained used to be the standard qualification for financial planners working in the industry. These days planners should have a degree in financial planning. So, apart from holding a sub-standard diploma, what sets me apart from your average financial planner, yet still sees me able to teach you about basic finance?