About this Video

• Video Title: I started investing at 40 & immediately realized how bad I screwed up...
• Channel: Jacob Whelan
• Speakers: Jacob Whelan
• Duration: 13:32

Introduction

This video details the speaker's regret at not starting investing earlier in life. He emphasizes the lack of financial education in his schooling and shares his journey of belatedly entering the world of investing, highlighting his experiences with cryptocurrency and real estate. The video serves as a cautionary tale and encourages viewers to prioritize financial literacy and early investment.

Key Takeaways

• The speaker regrets not investing earlier: He believes that starting to invest sooner would have significantly improved his financial situation.
• Lack of financial education in schools: The speaker points out the absence of financial education in high school, tech school, and even university, highlighting a systemic failure.
• Successful late-stage investment in real estate: Despite his late start, he's successfully invested in real estate, specifically a lake house, which provides rental income covering his living expenses.
• Importance of financial literacy and early investment: The speaker strongly advocates for financial literacy and emphasizes the importance of starting to invest early to achieve financial security.
• The system is designed to keep people trapped: He believes the current system discourages individuals from achieving financial independence, urging viewers to take charge of their finances.

1. The speaker eventually invested in Bitcoin, Ethereum, other cryptocurrencies, certain stocks (like Nvidia and others he couldn't recall), and real estate (a lake house).

2. For over 85% of his career, the speaker's salary was $70,000 or less annually; for most of it, it was around $60,000. He only earned above $70,000 in the 3-4 years before retiring.

3. The speaker started investing in cryptocurrency after hearing about Bitcoin and Ethereum. His stock market investments began in the last few years as well.

4. The speaker's lake house investment pays for his living expenses. The rental income covers the costs of his primary home as well. He explains it's essentially providing him with a "free" piece of property.