These are the 5 biggest mistakes I see people making in their 20’s - and how you can avoid them. Enjoy! Add me on Snapchat/Instagram: GPStephan
Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
1. The first, and probably biggest one is living above your means and living a lifestyle that you can’t afford. This is also probably the most common one I see - and it’s easy to get carried away. It’s also easy to fall into this if everyone around you is spending money to the point where you feel compelled to spend more than you normally would, so you’re not left out. While you shouldn’t necessarily hold yourself back for fear of spending money, you shouldn’t be worried about saying ’no’ if you really can’t afford something. Make sure you have a 3-6 month emergency fund saved up so you have a cushion in case something happens, and do your best to manage your expenses. And remember to always live within or below your means - you can always increase your spending later if you really want, but that’s easier to do once you already have a healthy savings.
2. The second mistake I see so many people making is not building up their credit score. Building up your credit as early as you can will give you a significant advantage later on if you ever decide to buy a house or invest in real estate, buy or lease a car, rent an apartment, or finance just about everything. This doesn’t mean you need to spend any more than you normally would, or you need to go in debt just to improve your credit score…just treat the credit card exactly like it’s an extension of your cash. When you’re over the age of 18, just go and get a secured credit card. Don’t get carried away, you don’t need to charge thousands on the card, just gas or food money every now and then and you’re good.
3. The third mistake is when people just wait around, expecting something to magically happen to them. The realization is that nothing will happen if you don’t take the initiative to make it happen. And it’s sad that most people aren’t taught how to actually go after what they want…in school, you’re told exactly what you need to do and when you need to do it by. But in life, no one expects you to do anything, and you won’t get handed anything. I see too many people just waiting for the right opportunities to come along, but they don’t do anything to actively seek out those opportunities. If you want something to happen, YOU will need to make it happen - YOU will need to be the one to decide what you want and how you will get there.
4. The 4th mistake I see if people being too afraid to take chances. Your 20’s are a time where you can AFFORD to take risks and be okay, because with each failure comes with the knowledge and experience of what not to do. Sometimes you’ll just need to take the leap of faith to pursue something and your 20’s is the perfect time to do that…before you’re tied down, before you’re married, before you have kids, before you have too much to lose…take the riskier career option. Start your business. Don’t be stupid, of course, but you can afford more risk in your 20’s than you can in your 50’s.
5. Stay healthy. Stay in shape. Exercise. Get enough sleep every night. Take care of yourself. When you take care of yourself, you’ll be sharper, you’ll make more money, you’ll be happier, and you’ll live longer. These are habits that are easy to start when you’re young and keep them consistent, than putting it off forever.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
1. The first, and probably biggest one is living above your means and living a lifestyle that you can’t afford. This is also probably the most common one I see - and it’s easy to get carried away. It’s also easy to fall into this if everyone around you is spending money to the point where you feel compelled to spend more than you normally would, so you’re not left out. While you shouldn’t necessarily hold yourself back for fear of spending money, you shouldn’t be worried about saying ’no’ if you really can’t afford something. Make sure you have a 3-6 month emergency fund saved up so you have a cushion in case something happens, and do your best to manage your expenses. And remember to always live within or below your means - you can always increase your spending later if you really want, but that’s easier to do once you already have a healthy savings.
2. The second mistake I see so many people making is not building up their credit score. Building up your credit as early as you can will give you a significant advantage later on if you ever decide to buy a house or invest in real estate, buy or lease a car, rent an apartment, or finance just about everything. This doesn’t mean you need to spend any more than you normally would, or you need to go in debt just to improve your credit score…just treat the credit card exactly like it’s an extension of your cash. When you’re over the age of 18, just go and get a secured credit card. Don’t get carried away, you don’t need to charge thousands on the card, just gas or food money every now and then and you’re good.
3. The third mistake is when people just wait around, expecting something to magically happen to them. The realization is that nothing will happen if you don’t take the initiative to make it happen. And it’s sad that most people aren’t taught how to actually go after what they want…in school, you’re told exactly what you need to do and when you need to do it by. But in life, no one expects you to do anything, and you won’t get handed anything. I see too many people just waiting for the right opportunities to come along, but they don’t do anything to actively seek out those opportunities. If you want something to happen, YOU will need to make it happen - YOU will need to be the one to decide what you want and how you will get there.
4. The 4th mistake I see if people being too afraid to take chances. Your 20’s are a time where you can AFFORD to take risks and be okay, because with each failure comes with the knowledge and experience of what not to do. Sometimes you’ll just need to take the leap of faith to pursue something and your 20’s is the perfect time to do that…before you’re tied down, before you’re married, before you have kids, before you have too much to lose…take the riskier career option. Start your business. Don’t be stupid, of course, but you can afford more risk in your 20’s than you can in your 50’s.
5. Stay healthy. Stay in shape. Exercise. Get enough sleep every night. Take care of yourself. When you take care of yourself, you’ll be sharper, you’ll make more money, you’ll be happier, and you’ll live longer. These are habits that are easy to start when you’re young and keep them consistent, than putting it off forever.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
You guys are so first-world.
i love this guy! thanks for worrying for us
What if it’s good debt? Like doing a home rehab on a rental property
U know ever wealth guy says the samething in a different way pretty no matter how much money have live broke and invest the money that u do lol like seriously 😂😂😂😂😂 im special bc tbh I know this i was in middle school when I was elementary school i turned penny's into 400 dollars 😂😂😂😂😂 and guys that means I had to get 40000 lol
Please do a video about how to get a credit card as a minor
Very nice your video 👍
I’m 20 now. Thank you for this video.
You lost me at “stop smoking” 😭😭😭😂
Ty!
Amazing video
I'm well into my thirties but I'm here to see if I made any of these mistakes
I promise I'll get a credit card stephan😭❤
I just "bought" a new Lamborghini lmao
You got my like good sir
In my 20s I got my master but never invested now on my 31 now it is investing and budget
Graham!! where did you live when you turned 18/graduated? did you stay at home till you made money in real estate or work a small job and save to afford living somewhere small on your own/with ppl?
I know this 2 years later, but, Hey Graham, found your channel and love it!
What advice do you have for those of us that DID make these mistakes in our 20’s and are now in our 30’s starting out? I know better late than never, but, are we doomed?!
Yeah yeah whatever, I want to know about that table
Ok this was great
I hit the like button
Where’s the summary guy…
Keep inspiring us ur the best and thank u for ur words im learning from every single videos thing that my parents or people I know didn’t know
How about 30s? Damn R.I.P my 20s failed all.
boosting the algorythm
Welcome to your 30s
Hey Graham, HUGE FAN of your content. I'm 22 and trying to hit my financial goals. I have some big goals which people may say is not possible but I'd like to try and reach them. Could you post a video of creating a budget from scratch using tiller, mint, personal capital? (the one you personally use). I know this is something there resources for but there are so many ways to do it and just gets out of hand. I personally get overwhelmed when trying YNAB because monthly expanses vary, its very UI heavy. I prefer excel sheets (tiller is great, but has a few set backs). I'd like to know how we can use these tools to hit our financial goals or at least be in the trajectory of reaching them
Been wanting to quit my 9-5 at a Fortune 500 company and take my savings and go travel the world for a couple years. I’m 27 with no kids or debt and I feel like my window is closing !
Oh c'mon man… Don't take my drugs away…
Lil tae turned out she wasn't rich, just a fake so please don't be like her
Well this was awkward to watch in my early 30s
Geese graham your beating the Dave Ramsey out of me 🤦🏾♂️
I'm in my 30's but I'm liking this cuz everything you say I use it for my 40's.