Why You're NOT Rich3 STUPID Money Mistakes Men Make with Jeff Rose [0:00:00] Antonio: Three stupid mistakes that men make when it comes to money Gentlemen, are you ready? Let’s get into it [Music] Now, I could talk about this, I’ve got an MBA, I’ve read tons of books on money I do pretty well with my money, but I decided to bring in the big guns, Jeff Rose
Now, I’ve known Jeff for years He actually has a background he was over in the army and I love his approach to money He’s a certified financial planner, but at the end of the day, this guy manages a lot of other people’s money And so, in today’s video, guys, he’s going to give you three stupid mistakes people are making with their money Jeff: So, the number one mistake that I see that men make is they don’t invest
It’s reported that between 60%-70% of men don’t invest So, I know what you’re thinking, I’m a financial planner, so I’m going to say you need to invest in the stock market But guess what? Yes, that is an option, but if you are in the US or overseas and you don’t want to invest in the stock market because you’re too scared, that’s okay, there are other ways to invest in yourself Here are five ways that you can invest that don’t involve the stock market Number one is personal coaching
There are many forms of coaching and there are many different types of coaches It just really depends on what are you trying to achieve But, I was at a point in my business where I knew I needed to do something Another investment could be attending a conference Whenever I started my online business, I attended almost every single conference that I could because I want to make those strategic connections
And funny enough, that’s how I met Antonio when we both attended Blog World in Las Vegas over five years ago One of the conferences that I attend every single year is FinCon which is a financial blogger conference There’s another amazing conference called StyleCon Have you heard it? Have you bought your ticket yet? What are you waiting for? Or the third investment that you can make is not going to cost you too much money, but it’s going to cost you something unless you’re just that cheap, but taking a mentor to lunch Is there somebody locally that you want to get to know, get to connect with? Most successful entrepreneurs they want to help
Offer to take them to lunch and try to find out what are some of their interests Any way that you could provide value prior to that lunch meeting is going to only make it that much better for you and to build that relationship with that mentor that you want to connect on a deeper level with Number four is one that I just I don’t believe that men don’t do more of this, but an easy and cheap investment that you can make is reading books How do I know that reading books is going to make that much of a difference in your life? Well, check this out Bill Gates reads on average one book per week to over fifty books per year
Mark Cuban dedicates three hours per day on reading Mark Zuckerberg reads one to two books every single month Do you see the common thread right here? These highly successful entrepreneurs are committed to reading on a consistent basis The fifth thing that you can invest into is online courses Now, let me tell you, there are a lot of online courses out there that are just pure nonsense, but with the right creator that has the right message to share especially on what you’re trying to accomplish, then that online course might be the best investment that you made
Or the second thing that men do that is stupid with their money is they use it to impress others especially women Do you know it’s reported that men spend on average $50 to $100 a week on alcohol? Now, I’m all about having a good time, but to spend that much on alcohol, really men? Really? Now, I know you’ve been there where you’re out with a group of friends and there are some nice ladies that you’re trying to impress, so when everybody’s ordering drinks, you’re like, next round’s on me Please don’t do that Another money mistake I see is buying clothes that you can’t afford Now, I’m all about looking good and I think we all know somebody else that is too [ting sound], but that doesn’t mean that we had to buy clothes that is out of our budget
Take advantage of discount retailers or anytime Antonio has an awesome coupon, take advantage of that But, here’s a funny thing, most of the time men are spending their money on these things because they want to impress women A study reported by Men’s Health showed that women find the hottest men who are smart spenders, 70% of women find men hot who spend smart The third mistake that men make with their money, they let money define who they are We all fall into that trap of looking at what somebody else drives, where they live, the clothes that they wear, the shoes that they have on, and we look at these things and we compare it to what we have or more importantly what we don’t have
And because we don’t have those things, we feel inferior we immediately conclude that we’re not good enough that we haven’t achieved the amount of success that we’re capable of Listen to me right now, money does not define who you are One of my favorite quotes from Steve Jobs is my favorite things in life don’t cost any money It’s not about things, it’s not about possessions, it’s about relationships, it’s about the things that you have achieved, the things that you do have [0:04:59] You can’t compare yourself about the things that you know about yourself to the things that you don’t know about that other person
So, don’t compare yourself to those things, they’re just things If you want to feel rich, add up all the things that you have in your life that money can’t buy And while these are things that money can’t buy, they do define who you are Men, I want to challenge you today Are you where you want to be with your money? If the answer is no, what are you going to do about it? What are you going to change? The challenge is identify one change one thing that you want to do in your financial life to improve it
What is that one change that you know that you need to make today? Whatever that one thing is, I want you to share it in the comments below because guess what? Myself and the Real Men Real Style community is going to hold you accountable We’re going to help you achieve whatever is that one thing that you need to achieve the amount of financial success that you want Let’s see if you’re man enough to find out what that one change that you need to make and even more so share in the comments below Antonio: All right, guys, I’m linking to Jeff Rose down in the description of this video three of my favorite videos of his And most importantly, guys, hopefully he can help you start to better save, invest, and put your money in a place where it’s going to start to work for you
And hopefully, be able to introduce you to other paths so that you can start to make more money He’s got a great book, Soldier of Finance I love his approach, military background, he approaches it very systematically But, let’s say, okay, Antonio, I’m not into Jeff, but can you give me some other advice? Well, guys, go check out The Richest Man in Babylon, an amazing read kind of gets your mind into the wealth creation mindset There’s this other one, John Bogle the Whole Common Sense Investing
This is a great read, very simple, but important Just go grab the Dummies book if you want something really simple And, if you’re a business owner, the Personal Finance Guide for Entrepreneurs I love this book At the end of the day, guys, I want you to take control of your finances
Why? Because then you can go buy more clothing from my sponsors No, that’s not – well, maybe But, whatever your reasoning is, hopefully you can actually better start to build wealth and become that man you know yourself to be And, that’s one of the big things I push with my channel So, guys, go check out Jeff, I’m linking to him down in the description
Take care I will see you in the next video [0:07:16] End of Audio
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