7 Biggest Mistakes I Made That Cost Me Money



First I have to give thanks, because honestly a lot of the mistakes that I made, led to the place I am today, so that’s cool, but that doesn’t mean if I could back I would change things. Because I could change things and just be better off today lol

But as you watch this video, take notes, and listen to this advice and avoid these dumb mistakes.

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Obviously First:

Moving Out to Late

This is hard to pinpoint, it could have gone both ways, to late or to early

But the idea is simple, some people stay to long and others leave to early

Here are some common mistakes
– I’ll stay until I can buy a house (that’s to long )

However, some people do it to early

I’m 18 and I don’t want to be told what to do

I’ll be in debt and struggling with 10 roommates but atleast I’m free

That’s stupid

Thinking I was to Good or Dumb for certain Jobs.

I avoided fast food jobs and cooperate jobs

And I was also intimidated by software engineering jobs and more complex careers

But my friend change my mind on this ( he said, anyone can learn a skill, and I know people that aren’t as smart as you and they do it; very encouraging)

But the reason I regret not going into fast food was:

I could have gone to college with some savings

And I could work as as waiter too and got some nice tips

And I could have learned some interpersonal skills also.

Today:

No job is beneath me but it doesn’t mean I’ll take any job

Going to College instead Trade School or Community College

There was a road map but no one told me it

I originally had a dream school like everyone else, and they rejected me, because I tested awfully in the SAT, because I put in exactly 0 hours in studying for it

I ended up going to some expensive private school

Trying to Build Credit

I was told in college, no credit then you don’t exist

But no one told me, debt is bad, and going to crazy is stupid

Its driving with a knife in the steering wheel

But I learned this:

No credit I can still buy a house

And everything else in life I can save up for and pay in cash, which is better

Buying a House at an early age

I was 24 when I bought a house

Not married, no kids and no family obligation of that type

I could kept renting for longer

Today:

Turns out I don’t want to live where I thought I wanted to live.

So now the house is for sale, and I’ll be breaking even potentially

But for those last 2 years, that’s money that I could had invested and making me more money

Buy a house when you need one:

I’ll be waiting until I am married

And my wife and I are ready to start a family

Not investing early enough, I started at 19

However:

That normal, when you first start learning you want to try a lot of different things out

And that usually means a laot of failing to find what works best for you

But honestly if I could do it all over again, I would do it the same, because it’s all that, that gives me the conviction that I have today, to invest the way I do today

Not seeing Value in Learning and Reading

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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