The #1 Mistake Americans Make On Payday (Don't Do This)

"And you have some payday lender companies that are now charging upwards of 2,000% APR annual interest if you advertise the fees that you'd have to pay over the course of a year"

"if you start spending your time instead of watching Netflix to start Lear learning I guarantee you in 6 months you're going to look at money and life completely differently 6 years from now you're going to be in a completely different financial situation because of what you're putting in your brain"

"the APR on your loan is close to 400% and you have some payday lender companies that are now charging upwards of 2,000% APR annual interest"

"I guarantee you in 6 months you're going to look at money and life completely differently. 6 years from now you're going to be in a completely different financial situation"

"the APR on your loan is close to 400%"

"you have some payday lender companies that are now charging upwards of 2,000% APR annual interest"

"I want you to stop spending money on things that you do not need stop going to the mall and spending money there stop buying the expensive groceries stop going out and buying all the clothes I need you to stop spending money on things that you don't need and find ways to put aside $50 and $100 and $500 and $1,000"

"figure out how you can put aside $2,000 in your savings account to protect you against emergencies"

"call these companies and see if they have any new promotions see if their competitors are offering new promotions that way you can get your bills reduced"

"go through your statements and figure out what it is that you can cancel if you're broke and you have a multi massage membership you have a problem if you're broke and you're spending $500 a month at Sachs you have a problem if you're broke and you're spending $600 a month eating out at restaurants you have a problem"

"if you are broke if you're struggling with money if you're going to get payday loans you should not be spending that time watching Netflix it makes absolutely no sense for you to be sitting there comfortably sleeping eight hours a day watching Netflix before you go to sleep when you got bills that need to be paid when you got payday loans that need to be paid"

"start watching educational videos on YouTube start listening to educational podcasts because these things are not going to cost you anything else"

"start reading books and not just reading any book start reading educational books whether it's about money management or starting a business or startups or biographies of successful people or how to manage people or how to advance in your career"

"if you start spending your time instead of watching Netflix to start Lear learning I guarantee you in 6 months you're going to look at money and life completely differently 6 years from now you're going to be in a completely different financial situation because of what you're putting in your brain"

"The way that you break out of the financial system of constantly making everybody else Rich of constantly feeling like you're broke of constantly feeling like you're chasing money of constantly feeling like you're having to go to work just to pay yesterday's bills is you got to start by controlling the spending and once you can control the spending then you can build a little bit of a savings cushion"

"once you can build a little bit of a savings cushion you're going to be able to breathe a whole lot better then it's all about money management how do you spend your money smartly"

"and then it's about how to you use your time smartly once you can learn how to use your time smartly now we start talking about how can you earn more money"

"Most people think that the way you get rich is by buying real estate you've probably heard the phrase more millionaires are made in real estate than anything else but that's not true you don't get rich by buying real estate"