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The video provides practical financial advice specifically for mining professionals in Australia, highlighting the importance of turning high incomes into long-term wealth. These are the main points discussed:
Delayed Gratification: Encourages the development of the habit of delayed gratification. Instead of making impulse purchases because you have the means, learn to resist and save a larger percentage of your income for future investments.
Financial Discipline: Emphasizes the importance of building discipline with money. Set aside money regularly and avoid buying depreciated assets like cars or boats with debt.
Investing: Advises to start and consistently maintain investments. Paying attention to and increasing your pension is crucial during your working life.
Seeking advice: recommends seeking financial advice if you find it difficult to deal with these aspects. A professional advisor can guide you and help you achieve better financial results.
Call (08) 9381 5407 to chat with Sam
or visit
https://www.incitowealth.com.au
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