8 Money Traps That STOP YOU Becoming Rich (avoid in your 20’s)
Here are the 8 Money Traps That STOP YOU Becoming Rich (in your 20’s). I avoided money traps in my 20’s and I became a millionaire businessman, now it’s your chance to do the same!
š GET YOUR FREE STOCK WORTH UP TO $50 ON PUBLIC (when you invest just $1 in USA): https://public.com/mark
š GET YOUR FREE STOCK WORTH UP TO Ā£200 ON FREETRADE (for UK): http://freetrade.io/marktilbury
š LIMITED TIME: Get 3 FREE STOCKS ON WEBULL when you deposit $100 (for USA/CHINA): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=LSq9TWxC5TaP
š° Get $10 Worth Of FREE Bitcoin When You Sign Up To Coinbase here (For EVERYONE): https://www.coinbase.com/join/tilbur_03
ā„Instagram: https://www.instagram.com/marktilbury
ā„ Discord: https://discord.gg/hXjW6pY
ā„Medium Blogs: https://tilburymark.medium.com
š§ Get 2 FREE Audible Audiobooks When You Sign Up Here: https://amzn.to/3fA6rEM
š¬ My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/marktilbury?listId=39Z7HXHQKPJPG
š° For Extra Help Hire An Expert Financial Advisor On Fiverr: (Use code MARKFIVERR2021 for 10% off): https://track.fiverr.com/visit/?bta=168654&brand=fiverrcpa&landingPage=https%3A%2F%2Fwww.fiverr.com%2Fcategories%2Fbusiness%2Ffinancial-consulting-services%3Fsource%3Dcategory_tree
Being aware of these money mistakes has helped me invest in multiple rental properties and kickstart my own business based on my passion which has grossed more than 50 million dollars and has given me the lifestyle I always dreamed of.
1: Not taking advantage of your free time. This is such a valuable resource, so donāt waste it binge watching Netflix and mindlessly scrolling through instagram. You can do so many things to turn your spare time into cash and if all you are doing is wasting your time then all that potential money is slipping through your fingers. You can often make some extra income with a side hustle.
2: Trying to keep up with your friends. let me tell you a secret, The majority of people are faking it anyway. As of 2020 the average American household had a credit card debt of $5,700. At the end of the day friends that need impressing are not true friends. Real friends are the people that love you no matter what.
3: Overdrinking & Partying. You may think that saving a few dollars here and there wonāt make a difference your dollar is worth so much more to you when you are younger. By investing instead of spending it will be worth dramatically more in 20 years time.
4: Putting off retirement investing. Many people put off investing in there retirement until around 45 to 50 years of age because of many excuses, mortgage , college fund and holidays. These lost years can cost you very dear !
If you invested $100 a month for 30 years at a 7% annual return you would have $116,945.26 set aside in your retirement fund . this can still grow if you wish to retire at say 65 it will have 15 more years of growth
But if you put off investing for your retirement let’s say 10 years and started to invest the same amount for 20 years you would have $50,753.64 in your retirement fund.
5: Not having a backup fund.. Over 60% of millennials wouldnāt be able to cover a $1,000 emergency, 60%!
6: Moving out of home too soon. Everyone focuses on the mortgage payments, they are BIG but if you only look at those you forget about the living expenses, at 20 just my food bill was huge and then there was the utilities, ground rent, maintenance, car bills, travel expenses the list goes on and on. So do the math and stay at home for as long as you can and invest your money.
7: Going into debt to buy a sweet ride. Nowadays when you go and buy a new car they ask you how much you can afford to spend per month, they’re not interested in the car you want, they are selling finance ! This excessive monthly payment eats a hole in the amount you are able to invest for the future and adds stress to your life.
8: Expensive relationships and dates. Itās lovely to treat someone you love to something special every now and again but if you start a relationship waving money around it often attracts the wrong people. Many people in their 20ās want to get married but again the truth is you can not afford to get married in your 20ās.
CONTACT:
For business inquires only, please use this email: mark@marktilburycoaching.com
*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Web Site Development – The Dynamic Technologies
One of the most dynamic things is the technology used for web site development. The industry professionals are updating and improving on existing technologies day by day. That’s why the industry professionals and stakeholders need to keep themselves abreast of the current trends in the industry.
Building Websites – How to Integrate Good Communications Into Your Website BusinessYou and I are in the business of using online media as a way to build our businesses by bringing information to a selected audience. The clearer and more succinct you can be, the more you will endear people to you.
Website Marketing – 3 Factors Showing You How to Communicate Your Message CorrectlyCommunicating has become quite an issue in this era of Information technology. People are willing to invest much income on devices that facilitate interaction, but standards of interaction have fallen so much. Sloppy interaction, and therefore
Building Websites – 3 Reasons Why Good Communications Are Vital for Your Website BusinessCommunication is everything is age of Information Technology. If you have the ability to get your message across efficiently and coherently to those whom you are targeting, then you are in a position to attract good audiences to your website business Ambiguity Your English doesn’t necessarily have to be perfect, but it is essential that you share your information coherently to both the information you publish online, and that which you give your prospects through email campaigns and similar such methods. Because if you don’t, and people get confused by…
Website Marketing – Create Websites to Help, Not for MoneyWe are all online to earn an income… some for just an extra few dollars pocket money, or some that will want to create a full time income from a business that they wish to grow into something that will change lives in a big way. Either way, you must realize that