Have you had enough of your money issues?
You may need to reevaluate your approach to money management.
It’s high time you abandoned those problematic routines. Here are the most common financial mistakes you should never repeat!
Ready? Let’s go!
Alright, so 13 Mistakes You’ll Never Make About Money Again doesn’t exactly fit into a nice category.
At the end of the day, business in general is a… unique way to think about making money.
It’s certainly possible to make money with off-the-wall businesses like this, but unless you’re interested in taking years out of your life to experiment on an unproven business model, I would look elsewhere.
My #1 personal recommendation if we’re talking about starting a fully-online business has got to be the Lead Generation & Ad Agency business models.
There are a handful of programs that teach you the ropes, but my #1 choice that combines both of those business models into one is the Digital Rental Method program
But, if you’re hard-pressed to jump head-first into an off-the-wall business model, let’s continue on to my full breakdown of 13 Mistakes You’ll Never Make About Money Again.
13 Common Money Mistakes
Here are the 13 most common money mistakes that you should never make again:
1. No Budget And Financial Plan
Let’s face it: it’s possible to spend more than you take in if you don’t track your spending habits.
Lack of financial preparation is a frequent error that many people make.
That little indulgence you gave yourself a few days or weeks ago was nice, but you should always be careful with your finances.
While it’s wonderful to be spontaneous, it’s also important to keep track of where your money goes and choose which spending habits are worth breaking. You shouldn’t ever drain your entire bank account.
2. Not Making Money In Your Free Time
One of the most frequent economic errors is failing to capitalize on one’s leisure time. Sometimes, you need to make some more money on the side.
It’s possible to come closer to your long-term financial objectives if you have some additional cash. Investing in a savings account for those times when you want to treat yourself is also a good idea.
While side income may only provide a small amount of money, it may open the door to other career and business opportunities.
3. Running Up A Credit Card Bill You Cannot Pay Off
The quickest path to financial catastrophe is to use your credit card like “free money” instead of spending just what you have on hand.
Treat your credit card sometimes as you would a debit card. When faced with a “buy now, pay later” choice, you shouldn’t automatically go for something you can’t afford.
It may seem handy at first, but it can give you large credit card debt, which you cannot escape.
4. Not Investing In Your Future
To have a comfortable retirement, we must save and invest now. Use this as a cushion if necessary.
Investing in your future is essential if you want to be financially secure and independent. If you wait until you’re elderly, you’ll have serious financial problems.
So, right now, use your energy to save money for the future and the present.
5. Not Negotiating A Salary Before Starting A Job
One common money mistake is not discussing salary before beginning a new job.
Negotiating your salary is a must. It’s important to ensure you’re generating enough money to cover your monthly costs and provide for your basic needs.
Second, it’s to establish the tone of your working relationship with your boss. If you’re OK with a low compensation that doesn’t even cover your basic necessities, you’re undervaluing your labor and encouraging your boss to do the same.
6. Borrowing High-Interest Debt
If money is tight, you may be tempted to take out a high-interest loan. If you do this, you’ll become yourself in a never-ending debt cycle.
It’s possible that you’ll have to borrow money again to pay off your initial loan, and this will continue until everything is paid off. So, don’t.
7. Lending Money To Friends When You Cannot Afford It
If borrowing money is a bad bet, lending money is one, too.
There may be moments when your friends are actually in need, and if you have a golden heart, you may not be able to resist the need to help them. This isn’t a problem at all. However, if you know you can’t afford to lend money to them, this may be a terrible decision.
It’s advisable not to lend your own money if you’re already struggling to make ends meet.
8. No Emergency Savings Funds
Emergencies strike at the most inconvenient moments. This includes paying for unexpected medical bills, so it’s best to take a look at your health insurance. You’ll drown from the stress of dealing with unexpected circumstances if you don’t have an emergency fund.
If you keep doing this, you might find yourself in the same situation every time an emergency arises. So start planning ahead, be prepared for the unexpected, and put money aside for the future.
9. Not Having Credit Monitoring Or An Alert Service Set-Up
While freezing your credit will help protect you, the easiest method to identify any fraudulent activity in your name is to join up with a credit monitoring service that does the work for you and tells you instantly if there is a risk.
Given the abundance of free credit monitoring options available, this one is a no-brainer.
10. Quitting Your Job Without A Plan
One of the common mistakes you can make is quitting your job without a plan. Financial planning is important in times like this. No matter how burnout you are, always assess the situation first. Will you be able to find a good-paying job once you quit? How long will it take to find a new one?
Make sure you have a new one waiting for you once you quit your job. Otherwise, you’ll be fed up with bills you cannot pay.
11. Living Beyond Your Means
Don’t go overboard with your spending. Maintaining a lifestyle above your financial means is not a good idea. This is one of the worse things that you can do to yourself.
You can work all day long and still not achieve financial goals if you keep living beyond your means. So, know your limitations and be in control of your personal finance and prepare a monthly budget.
12. Only Dealing With Finances When Something’s Wrong
When you only deal with your money when things are on fire, you’re making one of the worst money blunders. This habit may be quite distressing. So, even when things are going well, learn how to handle your funds and prepare for an emergency.
13. Reluctance To Pursue Financial Education
A lack of financial knowledge is another factor contributing to our financial catastrophe.
Accept the fact that not everything regarding money can be learned at home. So, financial education is critical for getting out of the rat race and achieving financial independence at a specific age.
Refusing and hesitating to learn will not do us any help.
Are There Alternative Business Models?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
13 Mistakes You’ll Never Make About Money Again: Are These A Scam?
Time for the $1,000,000 question: is 13 Mistakes You’ll Never Make About Money Again actually a scam?
I wouldn’t technically call it a scam, though others might.
It’s technically possible to make money with this program, so in that sense, it isn’t a scam.
What I’m saying is: after buying, someone will in fact send you a login to a website where you can actually view their material. No one is riding off into the sunset with your money, leaving you empty-handed… technically speaking.
But the second, more important question is: is 13 Mistakes You’ll Never Make About Money Again actually worth the investment?
My honest answer is that for most people out there, probably not.
There are countless other business models that are proven & easily scalable, so why risk it for… not an incredibly huge payoff?
I’d rather have a program with thousands of successful students & plenty of room for others to join.
If you’ve followed my blog for long, you know I recommend a few different programs depending on your skills & goals.
My current top choice is using the Digital Rental Method because you have a proven, systematic path to 6-figures, and you can do it from anywhere you want.
I’ve got friends in there that are posting deals from the middle of the woods in a camper van with their pet pig… which is kinda cool.
What Is My Top Recommendation For Making Money Online In 2022?
Alright, time for me to get real with my lovely readers for a moment:
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
THAT BEING SAID: I would at least recommend you implement something that is tried and true, because I’ve seen TOO MANY people (including friends and family) get burned by stuff like 13 Mistakes You’ll Never Make About Money Again.
They come out of left field with some random idea, make it seem attractive, and then make themselves a quick buck by luring in unsuspecting people.
I’m not saying 13 Mistakes You’ll Never Make About Money Again itself is a piece of trash, I’m just saying you need to be very, very careful.
This is a big reason why I only recommend proven, tried and true business models, like Lead Generation & Ad Agencies.
Read Our In Depth Breakdown Of The Top 5 OppOther Courses For 2024
There are a bunch of programs out there that teach you those skills, but my top choice is the Digital Rental Method program.
Why? It has proven leaders with their own 7-figure businesses implementing exactly what they teach you.
I’ve also got over a dozen personal friends in there, so I feel comfortable telling you it works.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, their program works.
Here’s why:
1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring (for the most part).
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2)Big Margins: With most businesses, you’re often going to have really slim margins. That means you need to hit a serious scale to make serious money.
using the Digital Rental Method, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best-case scenario, you have properties bringing in over $3,000+/mo on “auto-pilot.”
3)It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with business in general, you would need to exert time and effort. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.
4)You’re Helping REAL People: My biggest gripe with business in general is that you’re basically only helping yourself.
But With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other off-the-wall business models like business in general and maybe hit it big one day.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.
