I had the very extreme honour of being invited to give a TEDx talk recently. For those not who are not familiar with TED Talks, they are essentially a gathering of ideas from any aspect of life in which the various speakers are challenged to give the presentation of their lives in 18 minutes or less.
Talking about personal finance without regurgitating what has already been said 1000 times was quite a task. I’ll let you be the judge of whether this video is worth sharing, and if you think it is, I’d be grateful if you did post it on your Facebook pages, tweet it, or even email it to friends and family. I think the message is very important. (The first video is a short teaser video the conference organizers put together for each speaker. The second video is the actual TEDx Talk.)
The “Trailer” (1:17 run time)
Here’s the link if the video does not display for you. (Trailer)
The TEDx Talk (14:18 run time)
Here’s the link if the video does not display for you (TEDx Talk)
Really enjoyed your TEDx talk.
Even though, I am rather lucky in being able to pay off my credit card every month, (and saving). Your talk makes me feel like I have made a huge life mistake with our car loan (though it is in the plan). But if that keeps me my on the path, thanks.
Even if it just plants the seed to hating debt for depreciating assets, it might influence future car buying decisions :)
But hey, having a zero balance on your credit cards is a step ahead of a lot of people!
Is this available for download somewhere like the talks from TED?
Hey Traciatim, right now it is not available for download from TED.com. It’s listed under their TEDxTalks microsite, but those videos aren’t downloadable. I think it has to get upvoted to make it into the downloadable section. So for now, just youtube.
I’m with you on the car thing. I’m perfectly happy with my $14000 car.
Love it.
“…Working to pay interest” – great stuff Preet.
My future self has 9 more years on the mortgage :(
My current self owns a 13-year old car. :)
I’m getting there…slowly…
Mark
That’s awesome! See you tomorrow!
Your aritcle is full of useful information. keep it up. Preet I hope you keep writing more blogs like this one. Thank you for the article Preet.
!00% agree on not spending today since your future self will have to pay for it.
Another suggestion, is to not own a car. The cost of my BMW (Bike Metro Walk) costs me $77 per month or $924 per year and keeps me fit.
I thought it stood for Bayerische Motor Werkes (or Bavarian Motor Works) or something…. :P
But so true. If you can skip car ownership (or leasing), you can achieve quite a bit.
Great information Preet!
Always enjoy your views.
Keep it up!
In my opinion, all to many Canadians will be forced to fund their retirement with their home equity – assuming the real estate market holds…
To combat this scenario, I’ve written a new report entitled, “The 10 Top Myths Of Canadian Home Ownership – Exposed” and was wondering if I missed anything…
You can pick up your free copy at: HowToGetRidOfYourMortgage.com
I would welcome your thoughts and comments.
Cheers!
Mark Huber, CFP
HowToGetRidOfYourMortgage.com