 All right, you guys what is going on welcome back to another video my name's Jacob From major key physics and look guys I'm gonna talk about Financial goals the last video we talked about social media goals something that we can all talk about you know We can all relate to Great, I'm gonna talk about something a little bit more personal now, and that's financial goals I don't want to give you guys any specific numbers. I don't want to tell you guys how much I earn You know the the one way I was actually gonna do it and this might be the next video is my total income Split into percentages basically telling you guys all of my income sources But by percentage not by number so we might do that if you do want to know Let me know down in the comment section below But regardless of that today, we're gonna talk about financial goals for the rest of 2018 today We're sitting at May the 7th. I don't know this video might come out in a week or so Bear with me, but yeah May the 7th and I've had some pretty you know pretty big financial goals for this year And it's probably not what you think they are to be honest. It's um, it's clearing debt All right, it's not even purchasing anything I'm not saving for anything in particular. All I'm trying to do right now is clear bad debt and bad debt as opposed to good debt is Debt that is is depreciating in value and costing you money Much like a credit card much like a car if you're paying something off that is not going up in value more so than what you're paying It's it doesn't make sense the bad debt. So with that being said my bad debts Credit cards Nothing can stop me. I'm all the way Credit cards mother in credit cards and I know I'm speaking to some of you guys I know I'm I'm speaking to your soul right now when I'm talking about credit cards because they are Soul destroying and you do it to yourself. I mean, did you really need that computer? Did you really need that bed? Well, you probably did but did you really did you really need that drone? probably not So the reality is guys is that yes, I've acquired two properties But on the side I've had I Didn't want to say this to be honest should I say, you know, I won't tell you my balances But the reality is is that I've got four credit cards that I need to clear ASAP. I've had them for two or three years Basically, they've just allowed me to continue living my lifestyle the way I want to live it And just worry about it later So but it's got to the point where you know apart from the credit cards my big big financial goal is To buy a third property and there is you know, I could put it this way guys put it this way I could keep the credit card debt here keep it maintained not put too much money into it And then I could start building up a deposit a cash deposit in my account 12 months time The credit card is still there. I've got 20 30 grand in the bank. I can go and buy a property But I've still got the credit cards there. So let's say I go and buy the property acquire it. Yes, the rent is paying the mortgage I'm probably having to put in 50 or 100 bucks. It's probably gonna be negatively geared So it might might cost me 50 to 100 bucks per week But I've got a third property You know what I mean? So effectively I've got to work out what the opportunity cost is here. You know what I mean? I could spend six months Maybe even longer. Let's say a year paying off these credit cards and forget about the house But the opportunity cost of me focusing on the credit cards and not doing the house is Me not receiving, you know the the profits that you would receive after acquiring a house So which aren't guaranteed of course the only way it would make sense for me to Keep the credit cards and get the house would be if the value of the house went up Exponentially more than the interest of the credit cards is costing me and that is not gonna happen It's not gonna happen because the credit cards are at about 20% each interest and it's time that I fucking get rid of them So this video is About me getting real About me getting accountable and me clearing these mother fucking credit cards. I'm saying no to the house I'm saying no to the car. I'm saying no To anything except for major Keith is X because I believe that the opportunity cost of me Not doing anything to do with major Keith is X for the next year is gonna be far too high I need to focus on this. I need to get this shit out there But I'm doing it on credit So you can imagine let's say for for example say it's not this number It could be below it could be more but let's say $10,000 if I put 5,000 of my next 10,000 into the cards and put 5,000 of it into major Keith is X I've put I've brought the balance down. I've kept major Keith is X going and we're good if I was to Earn 10,000 put it all into this keep the credit cards there That would be stupid if I was to earn 10,000 put it all on the cards and not do anything with major Keith is X That would be stupid too. So I'm constantly forever thinking about opportunity cost and that's just the way my brain works It's probably the way your brain should work. Never ever jump into something You know head first without thinking about it Debt is not always the worst thing in the world Taking out a credit card to get yourself through a certain stage of life If I put it this way guys if I had no debt if I had no credit cards But I knew that I wanted to get this shit rolling major Keith is X Or any brand any any business anything I I firmly believe that I would be very comfortable in taking out a loan taking out either a personal loan or a credit card To build the business because the opportunity cost of not doing that is too huge It's too big man that the the banks are there For the smart people the banks are there with loans with credit cards for the smart people the people who can you know Who can really analyze their financial situation? They realize yes this help would be appreciated We can most probably pay it back on time You know blah blah blah anyway that I don't I don't What I do want to say is that this is completely not financial advice I am not a financial advisor, but I do believe in having good debt I do believe in taking out credit cards at the right time for the right thing But I also believe in paying them back and that's what we've got to do so overall The way I see it. We're in May. We've got eight more months to kick some goals financially and The first one is to build to continue building major Keith is X I want to continue building my business. I'm gonna continue using my credit cards to do that But at the same time I'm gonna be putting more money onto the cards that I'm using so overall the balance is gonna Go down so at the end of the year. I want to have okay this Actually, you know what first thing I'm gonna say is no credit cards. I want them gone I don't want to owe any money to any credit card if I take out a business loan if I take out a person loan after that Well, that's all well and good, but I want no credit cards and the second thing the second big big big financial goal and this this means more than anything it really does and that is to have dub dub dub dub major Keith is X comm As an operational e-commerce site, I want to have my 12-week transformation package on there I want to have a range of apparel on there. I want to have everything on there by December 31st 2018 I want to have received one sale one sale From probably from one of you guys And I'll be happy and Then that brings us on to 2019 and if you can't tell yet, we've got some big goals for 2019 But we need to get through this first. I hope you guys have appreciated that little personal insight into what's going on. I Always advocate for being transparent on this channel There's certain things that I probably shouldn't have said in the past that I have and I want you guys to appreciate that because That's me. That's me man. You know It's weird. I I I definitely feel Like I'm talking to a friend right now I feel like I'm talking to a community that I'm involved with you know my group of mates And I hope that that's what you feel like I am too. So anyways, I'm not gonna go on I'm not gonna go on with that. All I want to say is big goals for 2019 But let's get rid of these fucking credit cards first and let's hope that you see a whole lot more of this Very soon. All right, that's it guys What am I gonna do now? I'm not even sure man. I've got a day off from work And the reality is is that none of this shit would ever happen if I didn't have my job So everyone has a job guys. I don't I'm not I'm not a full-time youtuber That's a dream But really what I want to be a full-time youtuber I don't know if I had a million dollars if I had a million dollars. I wouldn't quit work You can't quit work, but if I had 10 million or a hundred million I Still wouldn't quit. I want to work. I want to keep my mind busy I want to be always working towards something and hopefully one day I'll be the director and CEO of major key physics a very successful Fitness gym rugby lifestyle Brand that can also get you in the best shape of your life in 12 weeks Peace