welcome back to entrepreneur stance
again this is Carl so obviously this is
another video for the blog series that
we're gonna be doing every day just go
over things about entrepreneurship small
business and sacrificing things you
should be doing to take that next step
to start your own business as well today
we're gonna focus on really
materialistic things that you know most
people buy at satisfaction to keep up
with their neighbors keeping up with the
Joneses because society tells you you
have to buy these things in order to
appear successful you know a lot of
people especially as Americans I think
Americans are probably by far the worst
at this this is why you see these huge
houses all over the place you see these
really expensive cars people wearing
expensive clothes expensive jewelry you
know instagram has become you know
basically the stuntin you know capital
of the world so everyone is just
flossing in their their items and I
can't whether it's cars jewelry clothes
vacations and whatever so the problem
with that obviously is that most people
that you know show those materialistic
things like that they're renting the
items you know old items outright
they're just trying to put up a facade
and here's the thing about that is that
look you know splurging on things you
know whenever that may be
fast obviously fine and well the problem
with you know against this pretty much
like mostly mostly Americans and the
American society is that because we're
putting so much money into materialistic
things we're not investing in ourselves
so you know obviously when we go into
the workforce we start a business
whatever you know you have to invest in
yourself you have to invest in you know
whether it's a course whether it is a
training you know much
locally or something like that so you
know you don't have to always invest in
yourself when it comes to like for
example buying one of our courses
whether it's a TM course or the flipping
vehicle's course or even buying our
mentorship program what you do to invest
in yourself is is obviously stop and
stop buying things that you don't
necessarily need again whether it's that
you know $9,000 Mercedes or that eight
hundred thousand dollar house you know
five bedrooms with a bonus room you know
it's only just you and your girlfriend
or your wife and vice versa you know you
your husband or your friend so with that
being said is that you know you have to
start really fun tuning your finances
figure out okay what you're spending
every month is it mostly on take-out
because it mostly on gaming is it mostly
on you know online subscriptions you
know you're you're obsessed with Amazon
you're obsessed with eBay you're buying
sneakers you're by you know you know
random things from from you know some of
these higher in stores you got to figure
out okay you know obviously I think this
is gonna be one of the things that well
we teach our students this right here
especially when you buy our mentorship
program okay
take you know your last two months and
look at your bank statements and figure
out okay what are you spending all your
money on again is it takeout going to a
bocce is it going to you know
chick-fil-a is it going to the local
piece of piece of joint you know what
are you spending most your money on and
figure out how you can cut those
expenses I'm gonna go more in detail
what's with when it comes to cutting
your expenses in a in a later video
but I want this to be more about Matias
of things and then again you know
piggybacking off of you know buying
things that you don't need it's all
about you know a lot of times in society
these days that you're wanting to keep
up your neighbor so your neighbor boss
of your house your neighbor buys a newer
car you feel almost obligated to keep up
with that individual and that's not the
case chances are your neighborhoods
behind that new car and obviously
probably financing it and there
in paying you know 1/3 more than they
should pay for because they're financing
it interest rates probably obscene and
you know it's like what is the point of
that if you have a vehicle that you own
right now owned outright you have no car
payment keep the card for long as you
can you use them when that you would buy
a new car investing yourself and again
this out of your course but invest in
you know inventory you know for a new
base or new Amazon store you know take a
real estate course so you can figure out
how to you know wholesale real estate in
and buying some real estate you know
always invest in yourself you know
instead of you know Burberry Jack kids
I'm using as an example because this is
a sports I had a couple years ago and I
love this jacket but it's one of those
things where you know I decided at that
point I had recent level of in my
opinion success so I went down to the
Burberry store and I dropped 13 or bucks
on a freaking Burberry jacket and I
loved the second again but $1,300 that I
paid for this jacket could have bought
me a ton of inventory you know eight
nine ten years ago when I bought this
jacket but again it's one of those
things where look you have to start
investing yourself reading books reading
journals in one of the books that we
recommend to all of our students is
Robert Kiyosaki's Rich Dad Poor Dad as
an entrepreneur if you're an
up-and-coming entrepreneur you're you're
trying to scale your business a certain
way or you or you've been an even if you
run your business for the last ten
fifteen years it is essential to read
Robert Kiyosaki's Rich Dad Poor Dad it
that book basically changed my life and
I'm going to talk about that book again
in a later video because that book is
like the Bible for entrepreneurs and
again guys this you know what I'm saying
is obviously this is my opinion but I
feel like you know when it comes to
investing
you know refraining from investing in
things that don't make you money you
this this Burberry coat does not make me
any money
this furminator coat has never made me
any money the only in did was cost me
money now I've gotten a ton of
compliments on this coat since I've
owned it but I can't I always like to
buy things and invest in things that
actually make me money I am a money
obsessed individual and I think in order
to be successful when it comes to your
finances you have to be obsessed with
finances whether that's you know
incoming revenue saving money
sacrificing cutting back you know
cutting cutting back things on whether
is no instead of going to Starbucks
every day you know by your own correct
you know instead of you know doing
takeout at lunch every single day brown
bagging you know cook things maybe on a
Monday that you can eat off of for the
next two or three days things like that
it sounds weird and corny to say that
but you have to figure out a way to cut
your expenses and cut your bills I would
say down to a minimal and I did that
several years ago and help me invest
more money to things that were come once
again you know that Mercedes s in my
driver right now isn't that convenient
money I love it it's a great car but
it's not making me any money
this Burberry coat is not my community
money so there's things where you can
invest whether you know again you decide
to open up an eBay store you go around
to garage sales and you start buying
cheap items to flip on eBay
you know whether it's a vintage
audio/video equipment which is something
that did years ago and made a ton of
money off of that off of Amazon you know
there's things that you can do in order
to obviously better your future and
that's what it comes down to is is
making the second fights now that way
you can reap the rewards a year two
years five years from now so again guys
be so kind to like this video
to our channel again we're gonna be
putting out daily content well we will
be going to more specifics when it comes
to flipping cars as well as the ATM
business as well and again guys feedback
leave a comment if you have any
questions about anything when it comes
to entrepreneurship or how to lead your
job feel free to email me I love talking
to new people about entrepreneurship and
kind of how to get that ball rolling
again my email address Carl at
entrepreneur stance calm email my
business partner Jason at info &
entrepreneur stay calm and then you know
again guys
- next time take care
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