Helping My Father Stay Out of Financial Slavery

✅ Explore My Top Broker Pick:
https://www.InteractiveBrokers.ca/mkt/?src=verrilloy5&url=%2Fen%2Fwhyib%2Foverview.php

This video goes over my thoughts on buying Real Estate as a digital nomad and it covers concepts that relate to financial freedom, slavery, and how I think about doing business in 2024. My father jumped into the idea of wanting to invest in a condo in Canada and I needed to share my thoughts with him. Data was used to back up various points when discussing the consumer spending, cost of living pressure, average income and immigration situations in Canada, citations below. This video was made as a reaction to when my Dad informed me he was about to purchase a condo.

👨‍💻 Frustrated with IBKR or Sierra Chart? Get Expert Help!
https://www.verrillotrading.com/remote-assistance/

➜ VerrilloTrading helps investors learn about software and tools for navigating the financial markets.

Subscribe to stay in the loop, new videos every week! 🔔
https://www.youtube.com/channel/UCz4hZwlhjYM3DQTxVfukAeA?sub_confirmation=1

✅ Recommended Playlists:

https://www.youtube.com/playlist?list=PLePBf4ZtCKhqxQDPcHJ3zEFxrEowXTmrp
https://youtube.com/playlist?list=PLePBf4ZtCKhqBGXyB1v4xvZiMju6NQlIw
https://youtube.com/playlist?list=PLePBf4ZtCKhpHxZCy9cI9mpbPUk3QR_D9
https://www.youtube.com/playlist?list=PLePBf4ZtCKhp_spxhte1V729O91_SEXx5

📜 Disclosures:

VerrilloTrading may have an affiliate relationship and/or another material connection to any persons or businesses mentioned in or linked to in the content above, and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information published by VerrilloTrading to evaluate the product or service being offered.

The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

All content appearing on VerrilloTrading is protected by copyright law. Rebroadcasting or any other commercialized use of our program content is strictly prohibited.

IBKR Disclosure: https://www.verrillotrading.com/ibdisclosure/

00:00 Intro & Context
1:25 Quick Rundown of what I do at VerrilloTrading
Context about my Father's Situation
3:07 Paying it Outright & Mortgage Hacking
4:53 Thoughts on Real Estate and Consumer Spending in Canada
7:08 Immigration and Uncertainty in Canada
8:54 Reversion to the Mean / Self Sabotage
11:23 People's actions tell the real story
12:26 Thoughts on Real Estate for Income
13:47 Being Nimble is important in 2024
14:40 Money is an Amplifier
15:10 Fear of Living on his Savings
17:12 Him Admitting he is not sure of his situation
18:40 Tapping into fight or flight
20:05 What Living on Savings could result in
21:04 Thoughts on Owning vs Renting
22:35 How owning things is less efficient
24:45 Developing on why owning is a distraction
25:30 Shifting Expenses towards obtaining experiences
26:31 Experiences are what matter most