Top 7 Habits to Make Money in your 20's and 30's

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Top 7 Habits to Make Money in your 20's and 30's

Jaime Schekaiban • Jul 27, 2021

Are you READY TO MAKE MONEY?? Follow these Habits and prepare to open doors to more Income!

Everyone wants to make money; everyone is talking about money and how to make more and keep more of it. While more money doesn’t always translate into more happiness, it’s better to cry in a BMW than on a bicycle!

Sometimes people don’t realize that making money in your 20’s and 30’s has a lot to do with many other things rather than the act of making money itself. You gotta be prepared to make it, and in this post, I will explain to you in detail that the TOP 7 Habits you need to develop as soon as possible so you are prepared to make as much money as you want!

These are some of the topics I actually discuss in my book, so I know you will like it. In order for you to be prepared physically and mentally to make money in your 20’s and 30’s you need to start practicing the following habits. Let me go over them for you!

1. Habit of Credit

Is it possible to make money without credit? Yes. Is it extremely difficult?? Of course, it is! Why? Because of something called LEVERAGE.

The people that are ready to make money are ready to start their own business. The people that are ready to make money are ready to invest in assets that appreciate in time and give them cashflow.

When you start your own business, your cash is limited. You need to go to a lender and ask for capital. Whether it’s a bank, a venture capitalist or a family or friend, they will appreciate a lot the fact that your credit score and your ability to handle money that is not yours is solid.

Sorry Mr. Bank, but I followed Dave Ramsey’s stupid advice and only paid cash and never used a credit card or someone else’s money for anything and have no credit history. Well, no one will lend you money and you will have no leverage. A person with no leverage is a person who is not going to be able to grow at the same pace as the rest.

Can you pay cash for a Rental Property? Yes, you can. Can you use 100% of your own money to start a business? Yep. The real enemy here is TIME. How much time is it going to take you to have that money available to invest? 50 years? It’s not worth the time if someone can lend it to you at a very low interest and you can use it to become rich and pay it back.

2. Habit of Working Hard

There is so much misinformation out there telling people not to work hard, work smart. The problem with this kind of information is that people think working smart means working less. What they don’t realize is that entrepreneurs work more than employees for many years until they can slow down if they ever.

Employees who make 6 to 8 figures work harder and longer hours than the ones making 4 to 5. Of course, there are specific jobs which require hard physical labor and don’t pay very well.

Since your early age, you need to understand that things in this world don’t come easy or automatic. Unless you are inheriting something from parents or family, you need to work hard. There is no such thing as making 7 figures and not doing anything. People that can do it are the ones that already worked their butts off for years and are now living off investments. But nothing comes for free.

3. Habit of Hustling

This is a good one. I see it every day with people around. Some people are just comfortable working their 9-5, while others want to do more. They are hungry to find new opportunities and new ventures.

They want to talk to other people, find a mentor, learn new things, read, research, self-learn, and of course are interested in making money.

They key word here is HUNGRY. You need to be hungry in life. Stop complaining and stop blaming others or the government for your disgrace. This is a country where you are more than capable of taking care of yourself.

Like I was telling you before, if you don’t have the habit of working hard, this habit of hustling is not going to come handy. It requires someone to have the DRIVE and COURAGE to come out every day and chase the steak. If it requires you to learn another language, move to another country, change some friends, change some girlfriend or boyfriend, you need to do it to get your objectives done.

Remember, I am not telling you in this video exactly what to do to make money, as I have done before, these are the HABITS you need to develop to be ready to make money.

4. Habit of Saving

Forget about investing for a little bit. Jaime, should I put money into stocks, index funds, Real Estate, lend it, bonds, TIPS, startups, etc. Wait a minute!! Which money??

How are you gonna get the money to invest in the first place? Job? Business? Bank? You need to develop the habit of using less than what you have.

This habit the Human Body does it for you automatically. You eat three to six meals a day, you work, you hustle, you exercise (hopefully) and you burn calories.

When was the last time you fainted and hit the floor because you had no more energy left in the body? Never, right? Because the body always has a reserve, a caloric reserve that no matter what you do you will never run out of energy. That reserve is called FAT and it is stored around the body.

What happens if you go to the supermarket and buy food for the week, and suddenly you have no food left on Wednesday? What happened? Well, my friend, you just ate too much or didn’t calculate your shopping correctly.

That’s exactly the same with money. You know exactly how much comes in; it’s not rocket science. The habit of not spending it all and keeping a good chunk of it is something priceless that you need before you start making money. Otherwise, the more you make, the more it will disappear like magic. That is something you should encourage with kids and teens as well.

5. Habit of Taking Care of Yourself and Others

This sounds cliché. This sometimes sounds cheesy and whatever you want it to sound but it’s true. You have to take care of yourself if you want to start making money.

Taking care of yourself means physically and emotionally. If you are always tired and lacking energy to get out of bed, it will be tremendously hard to get anything done.

If your mind is stimulated with alcohol and drugs constantly and you cannot focus your attention into getting things done, if you are depressed because of past or current relationships with friends, family or a significant other, that will become a money blocker.

You cannot be prepared to make money if you don’t take care of yourself. Start eating better, sleeping more, and exercising. IF you want specific details on how to do it, check out my book on the link below for exercise routines and diets.

Also, if you don’t give a damn about other people, you will not be prepared to make money. Money doesn’t flow to people who only want it for themselves. Make it a habit to help others, through charity, or compensate your employees nicely so they go above and beyond to make you more money.

6. Habit of Solving Problems

This is something that people don’t realize how important it is. People that make the most money are able to solve problems the best. Think of someone that makes 4 figures a year. What kinds of problems does he solve?

Now visualize someone making 7 figures a year. Is the person making 4 figures and the person making 7 figures need to solve the same problems? I don’t think so. The more complexity you add to your life and the more you are able to solve problems the more you will be prepared to make money.

This also applies to your personal life. Although it will not make you money, it will help you with your mental and emotional stability.

7. Habit of Giving

I will not elaborate a lot on this. If you have money, you should help others. If people are making you money, you should take care of them. It is the right thing to do. Join a charity, be a volunteer, and put some bonuses on the table for your employees to make them feel appreciated.

Foreigner Insight

Think of any person that has the money that you want to achieve. Don’t tell me who it is, just visualize this person in your head. Think of the 7 habits that I just mentioned and how this person developed them.

You want to make more money? Everyone does. But you need to be prepared, so start adopting these habits and you will see how doors open and you can increase your income pretty fast!