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hey guys ~ welcome back
today we're gonna talk about how to make and save more money
specifically mindsets and how to find your side hustle
taking inspiration from my favorite..
one of my favorite books 'Start With Why'
we're gonna start talking about why it's important to know..
why you want to make money, why do you want to save money
and then go into how you're gonna make money, how are you gonna save money
talking about mindsets, habits, as well as lifestyle habits
and then we're gonna go into what can you do to make and save more money
this is where we're gonna talk about how you can find your side hustle
how can you create your dream job
how can you turn your dream job into a career
and the people who have done it before to take inspiration from
aaaand yes.. let's get started
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and without further ado..
the first and most important thing is to find your North Star
find your 'why' or why you're doing what you're doing
specifically when it comes to wanting to save money and wanting to make money
how badly do you want to save and make more money
for what reason do you want to save and make more money
something rooted in kindness and something bigger than yourself
will probably take you much further in the long-run
compared to something that's rooted in greed and yourself and the things that you want
but at the end of the day.. we all have our own needs
we all have our own internal motivational driving forces
so figure out what that is and then you'll be able to do everything else
the more specific you are with your 'why'..
the more you will be able to subconsciously and consciously guide yourself to your goal
of all the things that you want to do
specifically making more money and saving more money
when I was in high school.. I wanted to be financially independent
or I want to make some money for myself so that I could go to EDC
and so that I could go to raves
and so that I could go out and do stuff and have fun with my friends
because I didn't want to keep taking money from my mom
because taking money from my mom means that she has control over me
so if I make money for myself then I can do what I want to do with it
I can spend my money however I want to spend it
fast forward to a few years ago..
I wanted to be financially independent so that I can fully support myself
and so that I can start giving money back to my parents
not that my parents need money but to me..
them having raised me and supported me emotionally, financially, physically like..
everything that you can imagine
I want to give them the life that they gave me but like give back 100x
so be it my attention, be it my presence, be it my love, be it my anything
including finances like.. I just want to shower them with love
and this isn't to say that like money = love
but it's like.. it's a part of it you know
so a really good book to read to find your 'why' is 'Start With Why'
and then I think he has a new book that's called something like 'Find Your Why'
I'll leave both of those down below
so the second thing..
how are you gonna make more money
how are you gonna save more money
so 'how' in a sense like..
what are you going to do with your life..
and your lifestyle, and your habits, your spending habits..
what are you gonna do so that it'll allow you time to make more money
and it'll allow you the opportunities to save more money
so I think what this really comes down to is
what are you willing to give up and what aren't you willing to give up
I really like the saying where it's you can have it all but not at the same time
at different points in your life you're going to prioritize
prioritize different things
if making money and if saving money is what you want to do..
what are you gonna prioritize
for example how are you gonna spend your time
are you gonna spend your time going with your friends
spending money that you could be saving
or are you gonna spend your time trying to work out
and trying to find your 'why' so you can figure out how you're gonna support your 'why'
and what you're gonna do to fulfill your 'why'
and then here too.. it's like spending habits..
what are you willing to give up? what aren't you willing to give up?
if you just need to have your coffee from your favorite coffee shop every single morning
then.. continue doing that
but then cut expenses in other areas of your life where you can cut
so just asking yourselves these questions of..
what are you willing to give up and what aren't you willing to give up?
so time is something more macro which is something that's broader
and giving up your daily coffee or not.. that's something more micro
these are just examples to show you guys that under the macro umbrella..
there's time, there can be pride, there could be ego
there could be your sense of self or this like idea of yourself
that like you need to be perfect and you can't fail because
when it comes down to what you want to give up and you don't want to give up
you might not want to give up that image of yourself but..
and I rarely tell you guys what to do and what not to do
but I feel like if you're not doing things because you're afraid of failure
that is one thing that I'm gonna tell you guys
~ don't be afraid of failure ~
like it's okay to fail
no one is perfect
there's this really good quote from 'Rich Dad Poor Dad' that says..
"Winners are not afraid of losing. But losers are."
"Failure is a part of the process of success. People who avoid failure also avoid success."
and under the micro umbrella..
there'll be like your daily cup of coffee
your daily lifestyle decisions, your purchase decisions..
how you spend your money
you can cook for yourself
there's so many things that you can do in your life to figure out..
ok, where exactly am I spending the most money
can I cut expenses here? can I cut expenses here?
can I cut expense across all of these things?
do I need to buy that thing?
do I need to buy this thing?.. like probably not
there's a very big difference between what we want and what we need
and I think I talk about this in more detail in another video that I'll link up there
and link down below about budgeting
so all of that can be summed up in: prioritizing is so important
prioritizing what's important to you
knowing what's important to you
and figuring out how you can apply that into your life
so at the end of the day.. I really believe that mindset is so important
if we are constantly believing that we can't, that we shouldn't, that we cannot
~ cannot is can't ~
if we just keep talking down ourselves
and if we keep..
not even belittling but like.. if you believe you can't do it
then like you won't be able to do it, right?
because if you don't believe in yourself then no one's gonna believe in you
so I think it's so important for us to believe in ourselves
to believe in our self-worth
to give ourselves the love and the care that we deserve
which includes believing that you're deserving of everything that you work for
and that success and that money can come if you really put in the work
like really put in the work to figure out what your thing is
and we're gonna get into this in the next section
so two really good books for this would be 'Think and Grow Rich' as well as "Rich Dad Poor Dad'
these books are both very very helpful in mindsets
so what can you do to make money and what can you do to save money
let's start with what can you do to make money
a few of guys have asked me..
what some ideas are of creative side hustles that you guys can do
I'm not gonna give you guys a direct answer
because it's very easy to Google like 'what are some great ideas for side hustles'
and then just do whatever comes to mind
but I think what's more important is to ask yourself..
what makes you excited, right?
like for me.. thrifting made me happy and thrifting makes me really excited
very therapeutic to me and I really like finding good deals
and so when I started selling my own clothes that I bought from you know a few years ago
I would buy some designer pieces that are like $20
I'd be able to list it on eBay
sell it for you know $100 after wearing it for a few years
I realized that there was a market for clothes online
maybe some people don't want to go through the trouble of thrifting
maybe some people don't have access to thrift shops
kind of like putting two and two together..
I started thrifting and reselling online on eBay
and I made a few videos back in the day when my channel first started about that
so what this means is basically just finding something that you love doing already
and see if there's any way that you can make money on it
here are some more examples
I'm sure you guys know Marie Kondo
KonMari method of tidying
the magic of tidying, in your closet, decluttering