and what I can tell you is this if you
make this mistake you are pretty much
guaranteed to fail as an entrepreneur
because you do not understand what the
money is so in this video here I'm going
that people make as an entrepreneur and
I also see people making this mistake
when they work a job where they are in
sales or they're making some kind of
Commission base to pay where they have a
unpredictable income maybe some month
they're making a ton of money and all of
a sudden they're getting excited and
this is where this fatal mistake comes
into play you start a business you start
a side hustle or maybe you get a job and
you're making some kind of commission
based pain and all of a sudden you make
a lot of money you're making let's say
20,000 dollars a month I find about
20,000 dollars a month is when people
start saying oh hey you know I'm high
I'm making a lot of money here I can
start balling out and go out there and
buy some cool and this is the mistake
that people make they don't understand
what money is and so as soon as they
have the smallest amount of money a
little bit more than the average person
makes they just go out there and spend
it they spend it on a Lamborghini or
they spend it on flashy clothes or
whatever it is they want to spend it on
the thing is there are so many different
things out there that are just ready to
take your money away in the form of cars
in the form of bad relationships in the
form of materialistic friends in the
form of just things you're buying crap
you don't need you will literally spend
every penny you are making if you are
not careful now why is it the problem in
particular for these people to go out
there and spend money on a car where
they're gonna have $1000 plus car
payment every single month or they're
spending a massive amount of money on
some huge house based on their future
income the problem is that your future
income is not guaranteed if you're in a
commission type job you have no idea
what your sales are gonna be next month
or next year but you are spending
tomorrow's money today so the problem
here is that this entrepreneur or person
is mistaking what is happening right now
and this present moment as an ongoing
trend so they're making $20,000 a month
now and for some reason they believe
they're gonna make $20,000 a month for
the next
45 years now let me be honest with you
guys I understand exactly why you think
this I used to work a nine-to-five job I
used to have a fixed salary and I knew
what I was going to make every single
week every single month and every single
year and I got used to the comfort of
that income then when I transitioned
over and became an entrepreneur I
started making money I started making a
lot more money than I made at my old job
and I began to feel very comfortable and
very safe with that stream of income and
because I used to have consistent money
coming in I believe the same thing would
be true with my online business and let
me tell you I was dead wrong you are not
going to have that same experience with
your side hustle or your online business
or your venture as you do when you work
a job because there are trends out there
there's seasonality there are so many
things that come into play here that are
going to affect how much money you're
making every single month so at the end
of the day an entrepreneur that really
knows what they're doing
understands that money is fuel money is
nothing but fuel it can be used to fuel
two different things number one it is
fuel to start a new side venture or to
start a new business or maybe if you're
an investor it is fuel to buy a rental
property or invest in the stock market
and continue to generate more money from
your money people who spend money do not
understand what it is especially as an
entrepreneur it's either money to start
a new business or venture or it is money
to sustain yourself for a certain period
of time let's say you start a business
let's say you start some kind of online
business you're making money then all of
a sudden that well dries up and it's not
producing more fuel but you have all
this money saved up to sustain yourself
for the next 12 to 18 months while you
drill a new well while you start a new
business well guess what that
entrepreneur that went out there and
bought that Lamborghini
and they bought that house in Beverly
Hills or whatever it is that they're
buying they do not have that luxury they
do not have that ability to sit down and
work for the next 18 months making zero
dollars while they build a new business
and drill a new well so what you need to
understand is that the longevity of a
business especially an online business
is probably 2 to 3 years if you're
locked
so do not make this mistake of thinking
that what you're making today is what
you're going to make for the next 45
years that is just not going to happen
that way this is what you need to do you
need to drill a well you need to collect
that fuel or that money you need to hold
on to that money spend as little as
possible and then you take that money
and you drill a new well and you figure
out how to make more money with the
money that you have and then you have
multiple different wells that are
producing income now that type of
entrepreneur is smarter because they
have multiple streams of income to fall
back on so if one of their wells runs
dry they have five or six other income
streams or wells they can live off of
and sustain themselves with if you're
sitting there making money from one
source and you're not in a salary type
position you are ripe for disruption you
are just waiting for the rug to be
yanked out from under you if you are not
saving up your money to sustain yourself
for a period of time going forward or
using that fuel to invest in a new
business or side venture the number one
thing I want to leave you guys with in
this video is do not mistake what is
happening today as an ongoing trend it
can always change and it will always
change in some way and if you think of
your money as a source of fuel and not
something you're going to use to buy
dumb you are going to be well off as an
entrepreneur but the type of
entrepreneur who is going to spend that
money spend their fuel source on
something useless like a materialistic
purchase you are ripe for disruption I
hope you enjoyed this video it's
something I've been seeing happening
left and right and I kind of wanted to
share this message with you it's a trap
I've almost fallen into myself and so
hopefully if you are somebody who is
interested in being an entrepreneur this
is a valuable lesson for you but thank
you guys so much for watching and I will
see you in the next video if you are
interested in learning more about
investing in the stock market I've
created a free course just for you the
link is in the description below here
are a few other videos you might enjoy
as well
#Best Education Page #Online Earning
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