When you’re in your 20’s and life is all about accumulation. I’ll tell you that in 10 – 15 years, you’re not going to give a shit about nearly anything you care about right now. In 10 – 15 years you will either be grateful or regret the decisions you made about your finances right now.
It’s really hard to make solid decisions when you’re desperate. Quit ballin’ out. Because you’re not a baller. You’re just (trying to be) acting like one.
- Get a place that’s economical.
- Get a car that’s economical.
Give yourself breathing room, then keep your head down and focus on your dreams. Emphasis on “your dreams,” because you can’t be dependent on somebody else’s dream.
Your friend that has multiple streams of income. They’re not all that. They’re a mess. They have “multiple streams of income” because they don’t have one consistent one. They have multiples things they’re juggling to compensate because none of them have popped off.
The misconception is aspiring entrepreneurs think that they are successful entrepreneurs and tell you to have multiple sources of income. However, truly successful entrepreneurs built ONE profitable machine and ran only one until that one was overflowing before even considering attempting a second source of income.
You might be the rare unicorn that is willing to go all in and support somebody else’s dream, but they will never fully reciprocate it back to you. But someone else’s “big opportunity” they want to extend to you has a higher probability of failure than your dream, because nobody else is going to give a shit as much as YOU.
Likewise, when you build your own thing you need to realize that you are going to be the captain of the ship, and nobody else will give a shit about your dream as much as you do.
And something that, unfortunately, comes with the territory is that your friends and family are likely to be your biggest hurdles and haters. Not because they don’t love you. But because they’re scared. And they project that scarcity mindset out of love to “protect” you. You probably have heard that, but it will take you a long time for you to internally accept it.
I’ll tell you another thing that you need to hear. Yes, you want financial freedom. But the truth is, you really want freedom of time.
That sounds backwards, but you will pursue financial freedom and then when you get it you realize you wanted it because of freedom of time. Keep that in the back of your mind, because you’re young enough and hungry enough that (you think) your priority is going to stay financially. That the incentive and pay off is financial.
Back to your friend with “multiple streams of income,” they’re not free because they’re juggling so many things. They’re desperate.
And what did we say earlier about when you’re desperate? It’s really hard to make solid decisions when you’re desperate.
Just keep an open mind and willingness to realize that money isn’t for money, money is for freedom of time.
20’s are your time for planting seeds.
30’s are the time for watering.
40’s are either full of regret, or hopefully full of gratitude for making the right decisions in your 20’s and 30’s
