Avoidable expenses

Here is a rough transcription of the presentation for people who are hard of hearing. Apologies for the lack of grammar, I am working to improve the automated transcriptions -
Helio while I’m at it I’ll tell you about some other ways about money malaise about money babies people have what are called babies but it really shouldn’t be called that because you although that’s a temporary state babies don’t remain babies very long they become well you know what they become and whether the things that they become is expensive because babies grow for years and years and years and you’re paying for them for years and years and years it’s generally are talked of that it’s about 8 to 10 years of your working life goes towards paying for your children obviously it and how many have where you have them on in what state you keep them when you’ve got them how generous you are etc but the number is something along those lines so if you wanted to retire 8 to 10 years earlier am you could consider not having children and another 8 to 10 years one is normally accepted as the obviously again all depends the amount you’re going to pay in interest on your mortgage out in children sometimes come into this because they’re often used as an excuse to say moved to a bigger house we need to move to a bigger house for the children or something like that but generally people find some sort of excuse to move to a bigger house anyway in a spend more money and that’s another 8 to 10 years of your life not paying the mortgage offer just paying the interest on the mortgage off so with those you got another 16 to 20 years that you could consider knocking off your arm working life I never went in for this children thing at all I might have been suckered into it at an early age but fortunately for me it never happened and when Mrs Mystic and I got together it was never ever considered on either side arm has or mine so that went through very smoothly on the house thing we were renting we rented this apartment in the South of France overlooking the Mediterranean all very nice and we thought well is it time to consider buying somewhere: so we looked around I think it just will one day of looking around the country does your to find that it wasn’t that the prices were too expensive because you can always take out a mortgage and work for 8 to 10 years extra to pay offer mortgage it was the fact that neither of us like the idea of being in debt and it just didn’t seem worth it because the the the the type of house that you got was not really to our considerations worth it so we looked further out and then work out the amount it would cost and inconvenience of commuting in from inland away and that didn’t seem to compute so eventually we worked out that buying somewhere completely away from the Cote d’Azur was the way to go here by via once basically decide to stay in it for the rest of your life you don’t decide that but it’s worked out that way and is it was so cheap we just pay cash it was easy but it took a lot of working out we had to move an awful long way and completely Nutley change our way of working for the first few years we closed up here in the winter and we went to the south of France in the winter and work down there got enough money in the winter and then came up here for the six months of summer where would enjoy ourselves and do up the place then we change that’s likely where Mrs Mystic stay here and I went off and did longer contracts are just being away for a longer period it was just hope something that you had to do to make things work as it were So that’s all possible not the thing to remember with these things for children and houses and paying tax but you get that idea I will use net and gross you get the idea that if you get 100% of your money say you’re being paid 100 money per month and then you have to pay taxes and that’s lets say 60 arm has been left to you and 40 is being taken off in taxes it actually no use when you if if you get that whole tax-free amount that 100 to then spend the extra you would have spent our would have had taken away from you on tax dollars you spend 40 on skiing holidays let’s say all if you don’t have children and you decide that are new cool and run the new porch every two years new spend the money on a new Porsche every two years or more if our you got i.e. if you just spend the money that you have saved by not doing these things by enjoying yourself what that’s a decision you make big you won’t reduce your working time what you have to do is have long-term goal and you can reduce it by not paying tax say 10 years not having children 10 years not having a mortgage 10 years you got 30 years technically you should be able to retire at 35 the only thing that works against that is if you go frittering off the money on our holidays in eating out and generally am enjoying yourself and it’s not just that because what you get then if you do that is how a desire to repeat it generally and even if the Jews desire to repeat wasn’t coming from or I enjoyed that so much you do it because you get into a routine of it and it’s almost you have to do it again to justify the last time you did it if you stop doing it you then have to say well why did I do it back then it’s very hard to stop doing something that you start doing so the only way of saving money is to start saving money very early in life almost you got to have a natural predilection to save money if you start spending money early in life like I note that the people do asset especially in the United Kingdom and United States there is going to be no real way of ever stopping that the desire will always be to continue to spend money huge quantities of money even chewed courses in money that you don’t actually have and this will lead to the people of average people of the United States United Kingdom being always on an edge then never really saving money and it leads to the situation that we got now where people have two arm deciding these polls that they would like to now work till age 75 and things like that when it’s possible to if you get it early enough to get the spend the saving bug and then just save and say in the longer careful with money you can work out where it is prudent to put money that money even grows for you because you keep your right on it and before you know it you can retire and not do any of this working stuff those that a lot of people say well this working stuff isn’t too bad I am and it’s really quite enjoyable what I leave it to you I enjoyed my work but I very much enjoy the fact that I don’t have to listen to an alarm clock in the morning and then go off and do the work the work was fine it was just the imposition of having to do something having having that having that having to do taken off one’s shoulders is a very relaxing thing that if you happen to be a spend spend spend person you’ll probably never ever get to know the feeling of not having to do because if you spend spend spend generally you will always have to go out and work with so many people being in this situation you will be now en masse taken advantage of by our the owners managers of the people that the the the outfits that can give you jobs to drive down the amount you will accept because your neighbour will accept a little less the new and then you will have to accept a little less than him or her and it’s all going to be a very nasty situation and basically it all driven older on personal note of its generally all driven by this desire to spend spend spend where those holidays and am eating out and buying a new car really worth it or are they really just covering up making the best of what is a bad job I think most of these holidays in eating out in new cars are just that making up trying to make what is a bad job this working lark seem to be worthwhile but the holidays don’t last long the eating out doesn’t last long and the newness of a new car doesn’t last long but working it looks like the new way of doing things working is going to now last all your life enjoy