Lets talk about the worst financial mistakes that I’ve made, the lesson I’ve learned, and how you can avoid making the same mistakes I’ve made…enjoy! Add me on Instagram: GPStephan
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First: Day Trading Penny Stocks As A Teenager
Here’s what I learned: Don’t invest in anything you don’t fully understand, do NOT invest in volatile Penny Stocks, and NEVER follow someone else’s advice blindly on the internet. Investing takes time and patience…and you CANNOT rush things because you’re overly excited about making money.
Second: Working your way up
Here’s what I learned: If there’s something you want to do, just go right for it - don’t waste your time and energy trying to “prove” yourself, thinking that eventually you’ll get there if you work hard enough…just skip that, and start doing what you want.
Third: Go have fun
If anything, I made more money by hanging out with friends because some of those friends either used me to buy or sell a home, or they referred me more business…so if you’re in a similar position, go out and enjoy yourself. It’s not a big deal.
Fourth: Working with too many people
Learn to be selective with your time, and don’t work with everyone for too long. At a certain point, the ONLY way to continue making more money is to focus only on the bigger picture - and get rid of anything else that stands in your way, or takes up too much of your time.
Fifth: Being too comfortable
If you find yourself feeling bored, unchallenged, and dis-satisfied with where you are right now, CHANGE THINGS. Your mind CONSTANTLY needs new stimuli, you need to constantly be moving forward in order to be fulfilled and grow as a person.
Sixth: Timing the market
It’s better to find a good deal and buy it, then it is trying to time the markets perfectly at their top and low. Buy with the intention of holding long term.
Seventh: Not understanding taxes
I highly recommend EVERYONE watching, who has any type of self employed business income…or even any type of income over $100,000…hire someone REALLY good to do your taxes.
Eighth: Not getting a credit card
Had I just opened a credit card at 18 and had a decent credit score by 21, I could’ve easily doubled the real estate I bought back in 2011…and that would’ve been HUGE for me now, almost 10 years later. So don’t make that mistake like I did…if you’re watching this, over the age of 16 years old, and you don’t have a credit card…get a credit card. Thank me later.
And those are my worst financial mistakes that I have made so far, and what I’ve learned from them going forward. Like I said, some of them were a little more nuanced than usual…but all of them were so important in helping me get here today. And if you can take a shortcut by AVOIDING the same mistakes that I made, then at least they weren’t made in vain.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com

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26 thoughts on “My worst financial mistakes”
  1. Avataaar/Circle Created with python_avatars Yerk says:

    please make a video on social anxiety cause thats me to a T

  2. Avataaar/Circle Created with python_avatars Frances Almanza says:

    Yes please do a video on social anxiety. I struggle with social anxiety and feel this will do away with my hopes and dreams

  3. Avataaar/Circle Created with python_avatars Wendy Chan says:

    Not hanging out video!

  4. Avataaar/Circle Created with python_avatars Justus Jonas says:

    Been there done that. Thanks Graham for your honesty. Another mistake: trust a ‚friends‘ advise on a penny stock. Lost 2k in that.. Don’t invest in what you don’t understand.. true!!

  5. Avataaar/Circle Created with python_avatars Nable says:

    worst mistake is not watching Graham when he made his 1st Vid. I'm 35 so I guess it's too late to start.

  6. Avataaar/Circle Created with python_avatars regina edry says:

    Great video! Keep up the great work. 👍👍

  7. Avataaar/Circle Created with python_avatars TJ says:

    When i started playing guitar hero, I stared on expert difficulty right away and failed a lot in the beginning but i stayed with it. It was the best decision i ever made. that mentality pushed me to where i am today.

  8. Avataaar/Circle Created with python_avatars Frédéric Brown says:

    Well, at least the poor soul didn't make an habit of his 55k FV mistake of his teens that would have dwarfed the 200k FV he saved avoiding fancy coffees! 🙂 On a more serious note, I made the exact same mistake of not taking a credit card as soon as I could (because of a very similar mindset), we're not alone!

  9. Avataaar/Circle Created with python_avatars Edgar Garcia says:

    Well… I'm earning 4000 dollars a year. What am i doing wrong?

  10. Avataaar/Circle Created with python_avatars MrHeavy466 says:

    Got my first credit card at 28 lol.

  11. Avataaar/Circle Created with python_avatars Ashley and Scott Pickleball says:

    My worst financial mistake: Getting Married.

  12. Avataaar/Circle Created with python_avatars Gen Tram says:

    He said just a very low six figure income at 18 yrs old.. Smh

  13. Avataaar/Circle Created with python_avatars Alberto Sosa says:

    420,000 VIEWS!!!

  14. Avataaar/Circle Created with python_avatars PhilHealth says:

    Can anyone please tell me how to get a credit card at 18 when you dont have a damn job?

  15. Avataaar/Circle Created with python_avatars Ethan Massey Music says:

    Graham’s worst financial mistake would be like eating out one night

  16. Avataaar/Circle Created with python_avatars TSM says:

    I like to buy high and sell low

  17. Avataaar/Circle Created with python_avatars LATTER RAIN says:

    Recently turned 20 I wanted to get a credit card any tips and video recommendation? Please!!!! I have no clue!!

  18. Avataaar/Circle Created with python_avatars Fairbanks says:

    Nahhh, I’ll keep going. The value you bring is worth the bit of time

  19. Avataaar/Circle Created with python_avatars Jonathan Gomes says:

    yes yes yes yes yes. there is demand for finding out how you got over the social anxiety

  20. Avataaar/Circle Created with python_avatars Kat says:

    That last tip tho!
    100% was not able to get a credit card until 27 years old. Parents and grandparents didn't believe in credit and would not cosign.

  21. Avataaar/Circle Created with python_avatars Efrain Gonzalez says:

    Social anxiety video pls

  22. Avataaar/Circle Created with python_avatars Richard Bharata says:

    I have learnt to smash the like button early in the video

  23. Avataaar/Circle Created with python_avatars Aidan and Associates says:

    Yeah do a video on how to relax and stop working yea

  24. Avataaar/Circle Created with python_avatars timtimzi says:

    My mistake #3 . Hanging around friends who are unproductive and are a waste of money. LOL

  25. Avataaar/Circle Created with python_avatars Sean 86 says:

    Dude, what is your watch brand?

  26. Avataaar/Circle Created with python_avatars NinjaPunch says:

    He said to destroy the subscribe button so i unsubed

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