Most assets build up little by little over time , and they add up to a lot of money. Take my YouTube channel for example. I actually started my channel 2 weeks ago and now my video views are low 🙂 But I plan to make 1 video per week for this channel forever! Why? Because I know that within a year or two, my YouTube channel will generate leads and eventually become a big factor in my business. Thanks to the internet, there are many ways to make money. Just pick one and stick with it! Lesson 8 - Live within your means even if you have money Even though my wife and I wouldn't mind buying a bigger house or remodeling our kitchen, we deliberately chose to make ends meet.
Now of course we can afford to buy a new car, a new Belgium Phone Number List house or go on a more luxurious vacation, but more money in the bank means more freedom. Now, I don't have to worry about money at all, and I sincerely believe that people living beyond their means will enjoy peace of mind that spendthrifts cannot understand . Many people I know immediately upgrade their lifestyles as soon as they start making big bucks , but it also makes them want it more and more. As you upgrade your lifestyle, your expectations increase and a new normal is established. This "new normal" is much more expensive to maintain, so you won't necessarily be happier.
For example, I can buy a much bigger house for twice the price , but will it make me twice as happy? Will a bigger house make me a better dad? maybe not. Once you've made some money, you should still live as your humble old self so you never have to worry about money again. Basically, you want to get to the point where you can say you're done . You are retired. And you'll be dedicated to what you want to do and spend time with the people you want to spend time with . Lesson 9 – Be stingy with business expenses Making ends meet also applies to business.