August 8, 2024
rewrite this Avoid this mistake once you start making money. My insights I share inside this video will set you up for entrepreneurial success. Get my FREE Life Mastery Toolkit to learn how to build a business the right way: https://projectlifemastery.com/subscribe/?utm_medium=social&utm_source=youtube&utm_campaign=life-mastery-toolkit-promo&utm_term=avoid-this-mistake-once-you-start-making-money&utm_content=lc-youtube-description
In this video Stefan talks about the money mistake to avoid when you start making money.
“The worst thing you should do once you start making money is spending money. I see this happen time and time again. It’s a trap. So many people fall into it.
They start making more money sure enough they increase their lifestyle expenses. They buy a nicer car, a bigger house, they buy more clothes. They start going out more, eating out more. All of a sudden because they’re making more money sure enough their expenses increase to match that.
One of the reasons why so many people are having financial challenges is they spend what they earn. They don’t have any cushion. They’re basically live paycheck to paycheck.
Whatever they receive in as income goes right back out in term of expenses.”
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#MISTAKES #MAKINGMONEY #ONLINEBUSINESS #LEARNING #ADVICE. in good article for seo, remove all links and add some tips for making money in professional wayAvoid this mistake once you start making money. My insights I share inside this video will set you up for entrepreneurial success. Get my FREE Life Mastery Toolkit to learn how to build a business the right way: https://projectlifemastery.com/subscribe/?utm_medium=social&utm_source=youtube&utm_campaign=life-mastery-toolkit-promo&utm_term=avoid-this-mistake-once-you-start-making-money&utm_content=lc-youtube-description
In this video Stefan talks about the money mistake to avoid when you start making money.
“The worst thing you should do once you start making money is spending money. I see this happen time and time again. It’s a trap. So many people fall into it.
They start making more money sure enough they increase their lifestyle expenses. They buy a nicer car, a bigger house, they buy more clothes. They start going out more, eating out more. All of a sudden because they’re making more money sure enough their expenses increase to match that.
One of the reasons why so many people are having financial challenges is they spend what they earn. They don’t have any cushion. They’re basically live paycheck to paycheck.
Whatever they receive in as income goes right back out in term of expenses.”
★☆★ VIEW THE BLOG POST: ★☆★
★☆★ SUBSCRIBE TO ME ON YOUTUBE: ★☆★
Subscribe ► http://projectlifemastery.com/youtube
★☆★ FOLLOW ME BELOW: ★☆★
Blog ► https://www.projectlifemastery.com/?utm_medium=social&utm_source=youtube&utm_campaign=homepage-promo&utm_term=avoid-this-mistake-once-you-start-making-money&utm_content=lc-youtube-description
Twitter ► http://www.projectlifemastery.com/twitter
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Instagram ► http://www.instagram.com/stefanjames23
Snapchat ► http://projectlifemastery.com/snapchat
Periscope ► http://projectlifemastery.com/periscope
iTunes Podcast ► http://www.projectlifemastery.com/itunes
★☆★ ABOUT PROJECT LIFE MASTERY: ★☆★
The Project Life Mastery YouTube channel is the place to be for motivational, inspiring, educational, and uplifting self improvement videos. You can also follow for videos about online business, Amazon, and making money online!
★☆★ MY PRODUCTS & COURSES: ★☆★
Life Mastery Accelerator ► https://projectlifemastery.com/lifemasteryacceleratorcourse/?utm_term=avoid-this-mistake-once-you-start-making-money
Online Business Mastery Accelerator ► https://projectlifemastery.com/onlinebusinessmasteryacceleratorcourse/?utm_term=avoid-this-mistake-once-you-start-making-money
Morning Ritual Mastery ► https://projectlifemastery.com/morningritualmasterycourse/?utm_term=avoid-this-mistake-once-you-start-making-money
Affiliate Marketing Mastery ► https://projectlifemastery.com/affiliatemarketingmasterycourse/?utm_term=avoid-this-mistake-once-you-start-making-money
Mastering Book Publishing ► https://www.masteringbookpublishing.com/
24 Hour Book Program ► https://projectlifemastery.com/24hourbookcourse/?utm_term=avoid-this-mistake-once-you-start-making-money
Kindle Optimizer ► https://projectlifemastery.com/koptimizercourse/?utm_term=avoid-this-mistake-once-you-start-making-money
★☆★ MERCHANDISE: ★☆★
Mastery Apparel ► http://www.masteryapparel.com
★☆★ RECOMMENDED RESOURCES: ★☆★
#MISTAKES #MAKINGMONEY #ONLINEBUSINESS #LEARNING #ADVICE
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@pilotoblackbird433
Fixin to graduate trade school in a week after 2 long years of study. I’ll finally be making money! No more 12 dollars an hour.
@connorbanks7706
Wish i watched this 14 months ago haha
@88Met88Met
Stephan, you're a great guy. I love your videos, u really know the way. Thank you.
@maxalicante
Boss
@vigil3273
Thank's, Stefan!
@kayleemitchell8155
you should do a more indepth video on money management 🙂
plz?
@stephenosoko6451
I'm 19 and have gained a lot of perspective from this video.
I used to stress about having my own car but now I see the value in waiting it out.
Gonna go back to tracking my expenses
@TezOutdoors
so true!!
@Shivamserenity
Could you make one video on just one thing ? Rich = every aspect of life right
so how to handle family pressure ? how to take care of them and make money aswell… in the beginning not on status u r right now
@kimyd756
I've been to that stage, spend here spend there and too late to realize that I should have saved and invested those money first. This video reminds me again to manage my finances wisely specially that I'm on my 30s now. Thank you!
@rongyi5706
hi can you answer my question i will be truly grateful ,
I am having trouble in saying No . when somebody asks me money
what do i have to do in these situations
1. I have limited amount – my friend is asking me money…. what should i tell him ?
2. i have money – but i was planing for something else but if i say to him like…… No, i Don't have money friend sorry, then my inner voice telling me you a liar and which true. i am really confused.
how to behave in such situation ?
i will be very helpful if you answer my question. ?
HOW TO SAY NO ? �because what you resist persist…�
i want to help my friends but when i have 2000 rupees in my account. and my friend is asking me 2000 rupee. if i gave it to him. i will dont having anything to eat for that day may be next day i will eating 7 star but for that moment how to tell him. i don't have much money.
so basically i was scare to speak no. because what i read in law of attraction. if you are talking your friend that you not have enough money… you are creating it more.�
here i'm stuck ? please �get me out here. i saw many of your videos but can't find this answer so thought to ask you personally
@KenMelendez
I struggle with this. Thanks for the tips.
@FilmPlanetProductions
Smart… Stay ahead in the first place and dont get in debt. management is important. thanks for the video
@poolboyinla
I would like to see your '89 Camaro.
@vbaime2
Thank you!!! Also what is your opinion on the lending club?
@AniOwo
This video hit home for me!! Thank you so much. I've been following you since your first video, you are showing me what's possible! Thank you!!
@dwayne76
This video came at the PERFECT time, thanks Stefan!!!
@labanatersand
Very much needed message!
@Kimmie8390
Hi Stefan, really like your videos talking about money management. 100% agree on all mentioned sacrifices to achieve your financial success. Appreciate if you can do more on this topic.
@MannyWalks
amazing video Stefan!! 100% agree with you!
@inezsanchez7637
Amo this happened tu me.
@TylerDixonYMM
I agree with what you're saying about people buying bigger houses and nicer cars, but you also have videos related to yourself doing just those things.
Could you expand on what you're saying further to give a deeper understanding?
Is your house something that will appreciate, your car also?
@tutzmeister9446
Makes sense what you say. However, I personally have a set lifestyle which I am not willing to live under. So in the beginning it was a bit harsh and paycheck to paycheck but I found that very motivating to just earn more money because this at the end of the day is the only way forward. You can safe as much as you want if you don't make more money I won't help. I invested every single penny in my business, house and cars. After a while it started paying off. So for me it was the other way round. The idea of saving money was not very appealing so I rather focused on making much more because I didn't want to live in a situation where I had to compromise. Really like your videos, good content!
@TTMCommunicatie
Agree!
@spinogeno8206
Thanks
@XCVi_MAC
So I am 19 I purchased a vehicles 2.99 % interest rate… I have a decent job I'm undecided on what to do next attend college while living at my parents ? Or take a risk move out find a better paying job. Unfortunately it wasn't the wisest decision for me to get a new car at 19.
@HansonLe1996
I am glad I got to see this video because I'm only 18 and I recently got into my first debt… yea… pretty sad, but I am going to make sure this never happens again. Thanks for the video! It was very valuable especially for someone that can be young and careless with finances like me.
@Mf7d89
Im loving the frequent uploads you should film from your iphone more!