Building a new generation of financial freedom seekers | Frances Cook | TEDxUOA

Financial independence is something we all strive to accomplish, regardless of our age or background. Especially in a world that’s constantly changing and evolving, there’s no better feeling than the idea of financial security for your family and your future. Frances Cook, author, journalist, and podcaster, is here today to show you exactly how you can achieve that future. As a journalist, podcaster, and self-proclaimed financial mess, Frances has made it her mission in life to meet people where they are and educate the public on the importance of financial independence and how everyday people can achieve it in their own lives. Having worked for RadioLIVE, Newstalk ZB, and the New Zealand Herald, Frances is also an accomplished author and currently MC’s the popular podcast ‘Cooking the Books’. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

[@inbasicterms-popculturevid1704]

Real wealth is not about money. Real wealth is: not having to go to meetings, not having to spend time with jerks, not being locked into status games, not feeling like you have to say ‘yes,’ not worrying about others claiming your time and energy. Real wealth is about freedom.

[@BH16344]

All that is linked to money

[@blair5475]

@@BH16344 so true

[@Rlogsdon100]

I'm lucky enough I can farm. I'm not at all rich but it's nice to do work worth doing in the way you see fit

[@blair5475]

@@Rlogsdon100 Where do you live?

[@Rlogsdon100]

@@blair5475 the second worst state in the nation...... Illinois

[@user-zw7cd7pe4u]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point

[@user-zw7cd7pe4u]

@user-in4cx6gh7b It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

[@user-zw7cd7pe4u]

@user-in4cx6gh7b Hi, please who is the expert assisting you and how do I reach out to them?

[@user-zw7cd7pe4u]

@user-in4cx6gh7b Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@MaryPatricia-wr3wj]

@@user-zw7cd7pe4u Having a good financial planner is like having a mentor. I was losing my money trying to invest on my own but it was different withMARTHA ALONSO HARA. she has played a great role in improving my finances. Long before now, I relied solely on my work and salary. Right now, I have a way of making money without stress so I quit working for others. Honestly, investing isn’t a choice anymore but a MUST for anyone who wishes to gain access to a good and an independent life.

[@inbasicterms-popculturevid1704]

When you understand that your self-worth is not determined by your net-worth, then you'll have financial freedom

[@seb_5969]

Until you need to pay your bills

[@JGM483]

@@seb_5969 🤣🤣.

[@gersonisidro4754]

Couldn’t agree more. A clear healthy mind is the first step. Address your mental health issues people! It will allow you to make decisions from a better place which will yield better results

[@rohanrajah8839]

Great communication. I have opened my eyes to this fact during the lockdown with no options but to evaluate money growth. May be I didn't go all guns blazing, but I realise that money has the power to compound & needs to be respected. That a flashy car is only an opportunity for greedy car service companies to rip us off to repay royalty fees. That food tastes good at home & a job doesn't need to be travelled to... thank you for creating a wonderful perspective.

[@Sophie-cq8dx]

Great speech with a great message! Starting to look in this at 18 is overwhelming but I hope worth it...

[@mikedantonio2971]

Best time to invest People have been complaining about a crypto broker who can help in trading. I recommend expert Leticia on What--_APp + 4-4-7-7-2-3-0-3-9-0-6-5 She''s a trader

[@jpKnight7]

I think it’s certainly an attractive concept and, as a young person, I’m all for it. But, I didn’t quite understand what the 25x rule would look like in your normal life, how do you scale rotating your budget cuts to get there?

[@MrSmith-cz2kl]

Think Big, build intelligent plans, work towards them and stay positive,investing still remains the smartest way to prepare for the unexpected.

[@jameson2001]

I have been investing consistently for 6 years and I am extremely pleased with the returns, for anyone whom what's to start.. it's never to late to begin

[@georgeoliver6370]

I tried investing on my own in the past, a few bucks on stock and also bought some cryptos, but I didn't make any profits, I will appreciate if you can share ideas on how I could achieve positive performance on my investments.

[@alfredhudson4798]

@@georgeoliver6370 Building intelligent plans and putting your needs above your wants is key to wealth creation and becoming successful, I suggest you seek a help of a financial advisor. For the record, working with one has been the best for my finances .

[@edwardmighty5364]

Success is not built on success . It's built on failure , It's built on fraustration . it's built on fear that you have to overcome . I pray that anyone who reads this will be successful in life.

[@jameson2001]

@@alfredhudson4798 Can you share more information, and a way to get in touch with your financial consultant?

[@SinCityRaider81]

I had an acquaintance trading 4x out of college poor guy is still waiting to strike it rich. While everyone is buying new homes and starting families people still need to be working 40 hours at the least the human body was not made to be idle.

[@OlleyThorpe]

Great video! the story is deffo really important! I get we can be scared to open up around stories.

[@sebastianninzatti]

I have a Low income ( in danish standard ) but i see my self as Rich, i am very good at managing my money! Never overspending, savning up and investing am 28 and my wife is 26, i Think when we Are about 40 We Will be mayby not financial Independent , but more financial free Then now! And saving and investing and still Living a good life is like a sport for us! We Are not sacrifising nothing! 😏

[@i_am_the_purpose6192]

Money moves and understanding 🙋🏾‍♀️🇿🇦

[@mikedantonio2971]

Best time to invest People have been complaining about a crypto broker who can help in trading. I recommend expert Leticia on What--_APp + 4-4-7-7-2-3-0-3-9-0-6-5 She''s a trader

[@007udayan]

great speech just ordered your book

[@latoyamatson6197]

This is why I'm getting ready to sell anything and everything and the children and I are going to move into an RV

[@AlexandraJakobsen]

haha i read this wrong first, as if you wanted to sell your children too; "This is why I'm getting ready to sell anything and everything and the children. And then I am going to move into an RV"

[@Cody_x1995]

Thank u

[@mona-checkoutmychannel7656]

Financial freedom seeker here, except I'm currently doing it through real estate

[@jamesdean44775]

Landlording or trading?

[@mona-checkoutmychannel7656]

@@jamesdean44775 landlord

[@mavutivepersonalfinancelif5326]

the value ! ! !

[@mikedantonio2971]

Best time to invest People have been complaining about a crypto broker who can help in trading. I recommend expert Leticia on What--_APp + 4-4-7-7-2-3-0-3-9-0-6-5 She''s a trader

[@vthilton]

Sharing, Justice and Peace for All.

[@yvonnehyatt8353]

Please study-Rich Dad book. Thanks

[@koredekolade3378]

Nigeria 🇳🇬

[@juanjimenez3675]

Wise

[@user-vg4kc9ko7d]

It always seems impossible until it's done.

[@chuehteng]

Thankyou....🙏🏻

[@MrManojHirway]

The 4% rule no longer works due to high inflation. Considering inflation at 7%, your investments must be able to earn atleast 12% to sustain the expenses for the rest of your life. Passive index funds cannot generate 12% CAGR consistently.

[@wise171]

ياريت يصير في ترجمة للعربي

[@janabana7301]

“We are marinating in a culture that wants you to spend on things that you don’t need so other people can become rich” had to play that again! if that isn’t the truth! Very enlightening

[@IAMYOU-.]

Coffee ee Have you hear of the Great Reset? Apparently by 2030 they want the world under one government And no one owns anything and not allowed to eat meat etc This is how it starts If ppl choose to buy things they don’t Need how is it wrong Ppl work and be Able to buy things they want especially if it makes them happy All those unnecessary things we buy aren’t made by the company owner, they’re made by employees Every single thing on a shelf is made by an employed person Personally I think America should do away with public school system and federally fund Charter schools Teach financial stability also and about credit Kids have better education it leads to better jobs and less minorities in poverty

[@Cyan_Cap]

You better Own a Business... 😲

[@ARasputinaFan]

25x my annual spending... Well over 1 million dollars? Honey, my wages in the US with a masters degree in my job I will not MAKE 1 million before I retire after 25 years unless something drastically changes. I already live deprived, wear thrift store clothes, drive a 10 year old used car, have no cable or TV, eat out twice a year, and use a 4 year old cell phone. My debt is my 2 bed/1 bath house, utilities, healthcare, insurance, professional fees and insurance, property taxes, car tags, gas for the car, food, medication, pet care (not willing to give up my pets), and student debt. Anyone else in this boat with me? 🙋‍♂️ We cannot be expected to get ahead if daily living costs so much. My new plan is to trade the house for a small farm, grow my own food, and live off grid. Been practicing for years and was about to buy when the housing rush hit my town, and prices increased 20-40% on homes and land. 😤

[@wilsonhu4938]

😂 Just enjoy the speech. Nobody can become real “financial freedom” because of such lessons. If she’s financial freedom already in her age, do you think she will waste her time to “help” others. A big joke.

[@gersonisidro4754]

I’m so sorry to hear that. I listen to others who preach similar things to this lady and I think she’s quite focused on the math. There are real people with real, unpredictable lives behind this. I would recommend addressing any potential mental health difficulties to get you in a more positive space(I’m assuming from your comments that you’re not a very positive person). Once your mind is healthier and stronger you will have a different outlook. Good luck I’m sure you’ll figure things out and downsizing to a farm is a dream of my to be honest!

[@user-ot6vm5sz5x]

where is she from??

[@Bforboo]

Im guessing New Zealand.

[@angrytedtalks]

University of Auckland is (unsurprisingly) in New Zealand.

[@koredekolade3378]

New Zealand

[@netayconnection6236]

Good to comment on this and great advise.

[@tahayildirim3651]

Frances Cook is a reformed money mess, currently managing podcasts for the New Zealand Herald, Newstalk ZB, and RadioSport. She is best known for hosting the personal finance podcast 'Cooking the Books', one of New Zealand's top podcasts.

[@aimeethereseperhach1055]

The thing about that is some jobs just can't be made interesting or meaningful, but are still necessary to the functioning of society. They also tend to be the kind of jobs that cause people to live hand to mouth. What about these people, like myself? It isn't that we are lazy or bad with money. But life happens in ways that don't fit the formula.

[@RedIria]

This is a problem primarily in the US. A McDonald's worker has a middle class wage, healthcare, fulltime hours, 3-5 weeks of mandatory vacation, and maternity/paternity leave in most countries in Europe.

[@joshuaadamstithakayoutubel2490]

If they are necessary for a functioning society they are definitely meaningful.

[@kimwarburton8490]

@@RedIria not in uk Burger flippers from every company r on min wage n 0hr contracts When iv been in belgium netherlands france spain and greece over last 30years, food prices have been comparible to uk food prices So i cannot see how a middle class wage would b a sustainable successful business model. The diff is we have better quality of life/our money goes further due to those socialist things the americans typically poo their pants over n call communism

[@RedIria]

@@kimwarburton8490 actually, I've read that a McDonald's employee in France or anywhere in Finno-Scandia , like the Netherlands, that they start out at already a living wage and the job itself is considered a good job that people don't look down on. And I don't know how much the burgers cost, but McDonald's wouldn't be there if they weren't making more money than they were spending. It's only in the US that the wage and conditions are so lacking that people even look down on ppl in the profession, despite those people trying to be society-contributing full-time workers.

[@kimwarburton8490]

@@RedIria ya can say the exact same about walmart vrs ASDA -same company, same owners. Its still minimum wage but it is the conditions of the COUNTRY with more socialist values and infrastructure that make the difference, NOT the business i.E. in uk, McDonalds has helped feed hungry children during the school holidays, whom usually are entitled to free school meals. I doubt EITHER of those happen/ed in USA?

[@kubizm8]

Investing is not so easy. If u don't have knowledge u can lose all the money invested

[@mikedantonio2971]

Best time to invest People have been complaining about a crypto broker who can help in trading. I recommend expert Leticia on What--_APp + 4-4-7-7-2-3-0-3-9-0-6-5 She''s a trader

[@Create301]

She’s right, say what you want about tiktok, they are a major player in helping many bring awareness to spending and money. I’ve seen so many cpa, financial advisors, even stock enthusiasts it makes one think why the heck they never taught this in the public school system if they know how crucial time and compound interest are, was it gatekeeping? Idk

[@kamalklj]

Today is my birthday

[@namesurname2174]

Happy birthday 🎂 I wish u health and only the best peace and love

[@georgesalamonjr7233]

Wow, Never thought this way about my job or money! This is mindblowing! This can change peoples lives big time! Thank you from the bottom of my heart Frances!

[@francescodegregori8100]

Hay un hombre con el que me gustaría que contactes y que me ayude a restaurar mi matrimonio en solo 2 días.

[@panjiauto-mobile8183]

Please summarise this in simple language it would be your revision !!!! you would easily be brushing up your knowledge

[@MrJohnnywalker85]

any and every episode of freakonomics is more interesting, pertinent, and actually based on research compared to these self-help early retirement talks.

[@Sirflyingmustache]

"Do you want not to care about money? Easy, just have a lot of money and make it do more money for you"

[@mikedantonio2971]

Best time to invest People have been complaining about a crypto broker who can help in trading. I recommend expert Leticia on What--_APp + 4-4-7-7-2-3-0-3-9-0-6-5 She''s a trader

[@Sirflyingmustache]

@@mikedantonio2971 Invest what if you don't have money?

[@jackford3891]

The mellow pine summatively ski because vietnam desirably protect lest a astonishing bongo. strange, large cub

[@zoeledesma5370]

If money can make money, then why are we all working not to starve? I agree that work should be a fulfilling experience, but the way is UNIVERSAL RENT, not universal perpetuation of budgeting and financial clumsiness.

[@mikedantonio2971]

Best time to invest People have been complaining about a crypto broker who can help in trading. I recommend expert Leticia on What--_APp + 4-4-7-7-2-3-0-3-9-0-6-5 She''s a trader

[@caalinAbyan]

We don't like stories but we like effect stories, specially for financial stories

[@panjiauto-mobile8183]

so true

[@author1994]

✌

[@ethan7191]

Early lmao

[@hdmar6154]

Actually this is possible because of moneyprinting. If ordinary peoble make their life from stocks, its time to think twice aubout investing. It can go south for years especially after this long bull-run. Then you go back to your ex-employer and beg for mercy... Havent i seen this in 2000?

[@umityildaz1008]

who is out here buying index funds?

[@franhengki.]

See money as tool and learn how to use it.... don't care about money but care what money can do 👍...make sence i do agree thanks for sharing and inspire love it

[@genatroce]

You're a little out of touch with reality. Not all the world looks like the US.

[@Famous26iscool]

Sounds like deprivation with extra steps, but okay

[@cy-b]

Frances Cook: "How to put yourself in financial jeopardy whilst making bankers rich" 101

[@mikedantonio2971]

Best time to invest People have been complaining about a crypto broker who can help in trading. I recommend expert Leticia on What--_APp + 4-4-7-7-2-3-0-3-9-0-6-5 She''s a trader

[@bishamuesmus301]

Could you elaborate how this is putting one in financial jeopardy? Perhaps I am misunderstanding your statement.

[@joshuaadamstithakayoutubel2490]

Money is a mental tool AKA not a tool. Your brain is a tool (among other things). Money is an artificial limiting factor.

[@espeleoba]

Brasil 🇧🇷

[@O_Ceifador]

Opa

[@california6197]

I've always wanted to go to brazil!!

[@O_Ceifador]

@@california6197 Brazil is a huge cozy place, it's worth it!

[@california6197]

@@O_Ceifador what city would you reccomend? I'm only aware of sao paulo rio, curitiba and belo horizonte

[@O_Ceifador]

@@california6197 I live in Rio de Janeiro, but it's dangerous in some places, I would you recommend visit with a friend that lives here. The other cities I never visited.

[@vishakvs7421]

First comment

[@ethan7191]

Yup actually u are

[@eddiejoyce7973]

Ted Talks have really gone down hill.

[@mayflowerlash11]

Clearly you are not in the 80% of adults who worry about money on a daily basis. Lucky you. The other 80% can use these ideas to get into the 20% who don't have to worry about money.

[@eddiejoyce7973]

@@mayflowerlash11 I take your point and I actually agree with you 100%, in that people can use this general idea to work towards financial security. However, I was more referring to the way the talk was delivered. If someone doesnt already know this stuff, then I dont think this talk was delivered in a way that they can actually start to implement it either.

[@mayflowerlash11]

@@eddiejoyce7973 Yes there needs to be more detail on the nuts and bolts of getting to financial independence. But it was only 18 minutes. What do you suggest she might have said to get the message across better?

[@alihaggis78]

So I did the maths. I need to cut my spending by 30%, double my salary and save every extra penny for 20 years. Now if I can just get that 100% pay rise...

[@kevkann9863]

Somewhere your calculator freaked up

[@Kingrgr5]

ادعو لي بألخير و القوة و التقدم ربي زدني علما يا رب العالمين الرحمن الرحيم الملك العزيز الجبار القوي المتين وللجميع باذن الله تعالى ❤️ 🌸🤲💪😉✌️👏🙏🌼💖

[@x73.]

Yea good luck on that. After the coming war is done and the country divided into smaller countries, maybe some will be able to use such information. Depending on which group you plan on backing..

[@southernflatland]

I'm not against you at all. But where's this snow?

[@JadeTrading]

Anyone else doing a million dollar challenge?🙋‍♀️

[@nobadvibes8346]

What is the challenge?

[@MrGreeneyedcat]

The financial institutions globally have made economic security a middle class dream for the last 4 decades, it serves there purpose, it's that simple. If you had 25 x 60,000, invested at 4% you could retire ,,, really ?....

[@s3lfFish]

to get to financial freedom for all, you just have to destroy capitalism, accumulation of capital and financiers as well as the monetary system. It's called anarchism, where poeple also happen to live in a real democracy (writing and voting their own laws) and protecting the planet instead of destroying it (along with us)

[@mikedantonio2971]

Best time to invest People have been complaining about a crypto broker who can help in trading. I recommend expert Leticia on What--_APp + 4-4-7-7-2-3-0-3-9-0-6-5 She''s a trader

[@Shazistic]

The best way to make your dreams come true is to wake up -Shazistic

[@SY-sp8uo]

Money won't buy you happiness, neither will poverty. Stop romanticising it.

[@harrypotter6894]

Pretty easy to fall in love when you can spend 10 hrs a day on the beach and not have any worries. But that's just me

[@MrGreeneyedcat]

@@harrypotter6894 . True harry, falling in love with "luxury" is what keeps us in slavery.

[@harrypotter6894]

​@@MrGreeneyedcat thats b-u-l-l-s-h-i-t-e eating healthy food and chillen on the beach is freedom. being able to help my friends and family in need is freedom. Your view is an old wifes tale that money makes you greedy some how. Money only makes a greedy person more greedy. If you have values, money is a good thing.

[@boostinggtirtime]

Bad advice stock markets going to get slaughtered in 2022

[@gauravnarkhede4410]

Any specific reason ? Why do you think so?

[@mikejarrells431]

To me financial independence is developing a healthy relationship with work/money. 😉

[@abeld94]

Agree

[@amanuelk6402]

How about when you’re old and retired, and you don’t get a good pension. What do you do then?

[@mikejarrells431]

@@amanuelk6402 The idea is to build enough passive income to cover expenses so you should be good for life.

[@manwow888]

The same, boring and unreal advice about how to make money 🤣

[@panjiauto-mobile8183]

😂😂😂 is it about that ? if yes!! u saved my time bro

[@manwow888]

@@panjiauto-mobile8183 lucky you 🤣

[@hamryalasad]

What’s your better idea bruh?

[@lucaandhisgenius1462]

It’s math not maths!!