6 Money Traps To Avoid In Your 30's

[@azflorhuerta7490]

6 Money Traps to Avoid in your 30s: 1. Buy a house you can't afford 2. Buy a car you can't afford 3. Not investing or Not investing enough 4. Not having a high income skill 5. Not having financial goals 6. Not being financially literate

[@JDenim88]

Az flor Huerta thank you!!!!!

[@rachelcollins2928]

Az Flor Huerta thank you!

[@cjaybas5838]

Tanks alot

[@hitandruncommentor]

Thank you

[@chokeonthis2932]

Thankuuuuuuuuuuu

[@SteveRam]

Great tips! I’m in my 30’s and achieving financial success. I only wish I had started sooner. If you’re in your 20’s or younger, START NOW! Listen to videos like this! And by your 30’s you be a multi-millionaire. You can do it.

[@j.a.s.o.n.g.r.a.h.a.m]

Same here Steve! Wishing you good health and good fortunes!

[@CarlBroadbent]

It's never too late to succeed

[@sameersharma6352]

but how can i do it?im only 18 living in canada. any tips or insight would be nice

[@YoungUprising]

you are absolutely right bro i am in my 30's and i believe i can to and i believe i am on the verge of getting there one step at a time.

[@luxurydoll6007]

❤️

[@cherylcuttineau7916]

I'm 68 years young and am always learning!

[@stormy4032]

Dr.Cheryl Cuttineau you af nigga

[@percyastronautstatus.8780]

I'm 108 yrs young

[@filmingx2762]

You even say young and you want to millionaire in 70s

[@KONTHEDON4]

Thank you!

[@AznTue]

Beautiful to hear

[@ChinithaJohnson]

I made all the mistakes and I’m 33. I’m learning financial literacy and creating new money habits

[@CarlBroadbent]

Everyday is a school day.

[@xpok99]

You're still on time to get back on track!

[@emilyjanice7029]

Shanetha..you not alone my dear...

[@ericvidal440]

No problem just keep grinding

[@jontezmuzik]

Wow

[@CostaBlancaFrenchies]

Some good advice here. I started a business at 24 and sold it at 32, purchased 4 properties between the age of 29 and 34 with cash and rent 3 of them out, they cover all my bills, been living the dream for 2 years almost in Spain in a nice private villa with my own pool. I wish everyone success on the journey to smashing those goals.

[@CostaBlancaFrenchies]

Theswagger properties services

[@vince6252]

Fantastic!

[@dario7071]

Currently on house #3 will be at 4 by end of year. You're living my dream.

[@chokeonthis2932]

The jealousy is real right now.

[@sundaynnamdi9537]

Please what is the business u sold

[@Sirhilyish]

House, car, investment, high income skill, financial goals , financial literacy. Very powerful. Thanks for sharing.

[@dannyrivera7823]

Invest in yourself at one thing that’s going to take you to where you want to go. Reprogram your subconscious mind. Don’t let your current situation dictate your future many entrepreneurs don’t have many friends and keep distance from family members to protect their hard drive.. witch is your brain

[@jontezmuzik]

Thanks

[@ssempiiraarafat4720]

Great

[@thesuccessfulfamily8178]

Yeap !!!

[@fantasia243645]

"Clarity is Power. What is power? Power is the ability to act." & "When the idea or vision is clear the path is easy."

[@Erika2]

Financial literacy is so important! I like Dan's point about not needing to be an expert at it, but having that basic understanding!

[@ebenezercobbinah3096]

Erika Kullberg: Finance, Investing, Passive Income hi

[@Daykiss]

You got that right!That's exactly why I'm in the process of getting my LAH to have more financial awareness. I'm going to reinvest in land again I did it the first time and turned my first piece of land into an asset, and I'm going to buy more. Because I'm going to avoid the waiting to invest trap!

[@artonic1118]

I avoided a few money traps, I don't use a credit card..don't buy anything until I really need it...plan save before each spend...just Invest in good gym,clothes and basics... No party,show off, hosting people and flashy social life... believe in meditation, focus, close knit family ties, saving and doing multiple side hustles out of passion even if they pay less...yes I still have my job, I don't think it's a poor mindset, being joyful today and tomorrow both are equally important. Hope it helps.

[@ThatsPrettyCool87]

Im 32 living in NYC. I was going to ask my boss for a raise in the last week of feb. That wouldve been 2 years since my last raise. Instead he called me to his office and offered me a raise of 15k without me asking. That was roughly a 20% increase of my then current income. I accepted =)

[@kobyyA]

The more I listen to you, the more financially wise I become. Thank you, Dan Lok

[@samuelmoore1392]

It’s unfortunate so many don’t have this information early on. Thank you Dan Lok

[@CarlBroadbent]

So true.

[@angelabakloyvovtchaikovsky1609]

Omg

[@kyere4603]

Not having financial goals, and not being financially illiterate, am gonna avoid this at all cost. Thanks Dan for the exposition.

[@chrisskimmerhorn5032]

I have been doing all of these since my 20's. It's just something I enjoy. Thankful for Dan Lok sharing his wisdom. People like him inspired me to share my story. I was always taught to keep success to yourself but I see now that is selfish to not help other people.

[@HawahKachepa]

Dan lock 🔐❤♥ my it's been a while I haven't listened to your video for advice now am back.

[@AbdulAhad-cf1eg]

Recently I avoid in investing in primary house. Thank you.

[@ingevankeirsbilck9601]

Almost 43, cleaned up my act in the last year and a half thanks partially to Dan. As from next week I'll be a webmaster, which is a step up for me.

[@justmathsbymike]

Mr Dan, watching your video about 6 money traps to avoid when one is in his 30's is an eye opener for me. Thanks for the information.

[@TheGhostQuarter]

Can honestly say I haven't had a pay raise through my job for a few years now. My skill set is improving, working on becoming a better marketer and seller. I am improving with each interaction and sale I make.

[@ssengoobashaffic9593]

Thanks so much boss Dan

[@jozezalokar4916]

29 atm. Just invested in a warehouse that i'm renting out. Getting some decent returns on it. After i pay of my loan im probably getting another one.

[@adastraarchives]

nice bro.. i had different portfolio though but it doesn't matter as long as we get cash flow from it.. cheers!

[@OkehGreat]

I am 24 and I have start my own business I pray that’s I must surly be wealthy and successful in my life a🙏🙏🙏

[@albertom8834]

I live within my means, making 5 figures a year, invest 16,66% in stocks/reits/government bonds, invest 23,33% in my business, save 1,93% for retirement (i Live in Brazil, so government have this basic retirement plan), have 3 sources of income, keep estuding financial education every day, have financial objetives etc. But i dont have a high income skill, yet, i need one ASAP!!

[@harrisonedokpayi3647]

Dan, you are such a big blessing to my life. I have seen my life improve since I started listening and putting to practice your teachings. I am 32 right now and though I don't have many of these challenges because I have been learning from you, I do know I am on the right path. I have to be honest, it's not easy, but its worth it! I am still guilty of number 4 for now(some high income skills) because high income skills are awesome but takes time to acquire I am having challenge with closing right now.

[@Tracisio]

This video is mine im now looking to make changes to increase my income 😊👍

[@elmojtabaadam8990]

I’m 20, Dan Lok is helping shape my future. Currently working on building my high income skill. Thank you Shifu.

[@opeyemidamilola9143]

Me too🥰

[@catgirl6803]

I more than doubled my income when I went from a dead end production job at an ad agency that wouldn't let me grow, to going to grad school for Digital Marketing and landing in sales. Worked there for 7 years and only had a $40,000 salary, but after 1 year in sales made $90,000 in commissions . Now I am an independent contractor doing Digital Marketing sales for a tech company with no cap on commissions because I'm independent and getting a share of the profit. And I have complete control over what I do. I've been doing that for 2.5 years now and had to start over financially but I'm more than halfway to my income goal.

[@arslanniamat1388]

you will succeed

[@StonadWedson]

Much appreciate Mr Dan Lock

[@ShihabPersonalFinance]

falling to consumerism and all that marketing from big corporations

[@ronaldoriku5274]

Arrives at the right time when I want to leave job to turn my side hustle into full time job .Thanks Dan lok for your continued sharing your ideas ,you're amazing man who love others most .I'm from Kenya and I have been listening and following your teaching, indeed they amazed me alot .keep up good work sir !

[@AntonioCastro-zh6wt]

Financial Goal… having a problem with my wife not open and transparent in discussing goals in financial.

[@b.kodzoofori1491]

Great teacher!

[@praveen8u]

This guy is practical and talks about real problems.

[@eng.clemohwuodfibi]

So amazing advise

[@HBVitality]

Wealth is when your residual income is BIGGER than your bills. Thumbs up if your a residual income creator!!

[@Ptown_1988]

Yep, my bills are 20% of my income. Pretty legit

[@drefhill]

no because if you live like a rat you bills are low.

[@GNHTalk]

6 Money trap you need avoid 1. Buy a house you can't afford 2. Buy a car you can't afford 3. Not investing or not investing enough 4. Not having a high income skill 5. Not having a financial goal 6. Not being financial literate

[@ifeanyipeter2602]

Wow so much wisdom. Thank you cefu

[@ashrafgamer716]

Believe me Dan ... This video just come on time ... I have been following you almost 1year .. I want to spend the next 5years with you more 5 years to learn from you and I believe that u can take me to next level of life .. and believe what I am saying .. I will let you proud that you have one of your follower from middle East he success in his life because of Dan lok

[@sabrinawanderer7560]

Had i known this before when we had been fortunate before then i wouldn't be scratching my head now. But failures in life are lessons to be learned and avoided in the future. Eye-opener..

[@vince6252]

34, am I in these traps? 1. YES. 25% in mortgage every month. 2. No. We have small, cheap cars. 3. YES. I'm not investing enough. 4. YES. I have a high income skill, but a job that doesn't pay well. Working on that. 5. No. I do have financial goals. 6. No. I'm much more financially literate than I was 5 years ago, always learning and revising. Score: 3/6 Yeses, gotta get that down.

[@BilgeKarga1]

Ladder example he gave made me think for an hour and i am convinced and shocked how much he's right about that.Damn my life had been based on a false promise for all the years man😭

[@rockismart7320]

It's not to late u can chang e from now also

[@moreno_163]

It’s sad how they don’t teach this in high school

[@ElenaIaffe]

Thank you, Dan! All your videos are super helpful. I was able to raise my income in 40% last year, following your channel, using some of your tips, still lots to learn ahead!

[@bryanabejuela]

Thanks dan! 🙌

[@kathleenanncampanano8876]

Thank u Dan for enlightenment for no. 1 trap... It's clearer to us now.. To delay our plan of getting our own home, unless the mortgage is only 20%of our monthly net income.. More power to you!

[@togglecode]

You are real gem! I’ve been running a small business last 3 years and now I can see how important you videos are to be a money smart !

[@testingtheruach]

My wife and I planned on buying a house but now we're going to think harder about that decision. Thanks Dan

[@wh7824]

testing the Ruach i think its ok to buy a house as long as its within of what you can afford

[@boseoke7796]

Thank you for this vedio I am going to avoid almost all these, this year

[@fanuelmurove4679]

Money traps 1. Don't buy a house you can't afford. Use the 20% of your networth on your primary residence. 2. Don't buy a car you can't afford, Expensive cars = high bills for maintenance. 3. Don't wait to invest, invest then wait.

[@annee5582]

Mindset: Everything is always working out for me. I am always aligned to my highest good. I AM SO GRATEFUL for the bugs, birds and apples in the world. I AM...changing my mindset now! 😅👍👍

[@SaharNawaz]

So Glad I’m watching this in my early 20s

[@lilafrica2617]

I'm Just 15 this is really life changing thanks Dan

[@gprasad630]

Don't wait to invest. Invest then wait. Super

[@arnabchakraborty2147]

Love from India

[@kunbistudios]

Thank you Dr. Dan!

[@englishchum]

My financial expedition has been a roller coaster ride....for 6 years I have been caught in this vicious circle of unsteady income with no savings at all.

[@angelabakloyvovtchaikovsky1609]

It's not you

[@manictiger]

Idk about the house rule. With rent, you throw 100% of your money away. With a mortgage, you throw closer to 50% away and the other 50% is in an appreciating asset that you're actually using.

[@narsil5965]

Look into that topic deeper. There is some info and vids about it out there and it's not as simple as u think. For example renting is cheaper than owning a house and you can use that difference in cash to invest and earn more...

[@AJConsultsGlobal]

In my experience as a business consultant, these 6 things are very important for everyone. Tips are great for business owners in addition to personal finances. You’ll be surprised how many ppl have “business” that need to keep these 6 tips as their daily to-do,’s

[@drazesin]

6 Money Traps To Avoid In Your 30's 1. Buying a house you can't afford (20% rule) 2. Buying a car you can't afford 3. Not investing (enough) 4. Not having a high income skill 5. Not having financial goals 6. Not being financially literate

[@SurjitPratap]

Perfect timing, found that I wasn't sure of which wall.

[@jamesmwanaute3891]

You are my best man

[@muninderkumar267]

Gratitude from India dan... Keep up the good work.

[@rinnom4922]

I am as young as you are and I like all of your videos, I learn and I know clearly what I am doing and what I have been doing, Cambodia

[@HolyElkGaming]

Dan is very smart! I was approved for a $1.2 million mortgage... I negotiated and bought a house for $350,000 instead... keep your expenses low compared to your income!

[@bicmitchum1368]

Hey man I'm an apprentice plumber , 1st year, do you consider plumbing a high income skill ?

[@HolyElkGaming]

@@bicmitchum1368 depends where you live (cost of living and economy) and how you manage yourself... my first year of plumbing i did new construction and made $60,000 (CAD)... I did residential, commercial and industrial work in the years after... working for someone else doing industrial (pipefitting) work I made $130,000 in about 10 months (I was a 4th year apprentice). There was 1 month where I cleared $17k after taxes. I now work for myself, my business is 6 years old. I work less and make more, I also use my head more. I've also been investing for 13 years in the stock market (since I was 20). I get income from that also. I strongly suggest reading the book "Think and grow rich". You can make as much money as you can imagine. 😉

[@maorifury1999]

Become an electrician ladies love you cause you make top $ which in my eyes is a high income skill.

[@benlambenbusinessmail5783]

@@bicmitchum1368 apprentice can make loads of money. Learn to do your job well, save up loads of money, later start your own company once you have learned to tricks of the trade

[@paradiseisland3352]

Over the period I’ve being watching dan’s videos I’ve learn so much and applying them my life is so much different, I even tell my siblings and friends to watch his videos

[@bluetopia42]

There are two wise persons guiding me spritually. That's on the one hand Dr. Nowazradan who asks "Do you really need to eat this for living right now?" and on the other hand it is Dan who says "Do you wanna be successful or do you wanna be a broke bum with no opportunities? Oh, you are tired?! Get your ass up, already!!!" :)) Nearly forget my guitar teacher who says: "The right day to practice is TODAY." ;)

[@290revolver290]

DAN! Your ladder illustration was so apt and on point. It was so funny but very deep too. LOOOOL

[@Neil-y3l]

I will avoid the not having financial goals trap thanks Dan.

[@alexandrearaujodecarvalho]

Thank you so much.

[@TheTigerBin]

Hi, I have one question about investing: You said at 7:10 that if I invest $10,000 in my 30s, with 7% compound interest annually, then I'll have $1.4 million in 35 years. If I use the interest formula, $10,000(1+0.07)^35 = $106,766. I think that I'm missing something. What kind of investment are you talking about? Please help me out.

[@JackOfAll_Polymaths]

This is with investing 10k annually

[@TheTigerBin]

@@JackOfAll_Polymaths Oh I see now! Thanks!

[@nicovermeulen4885]

Only issue is, that the country I live in doesn't have so cheap housing. Even the smallest, shittiest appartment will take up 20% or more of my not so bad salary. I would love to move into a cheaper house, but it just ain't possible.

[@chapdattext3167]

Will never ever waste money to impress others, but use it to invest myself and how it'll benefit me

[@MrMikulu]

Thank you Mr. Dan for sharing so much valuable information.

[@artedigitaluniverso]

🧠Power is the ability to act. ⚡

[@saurav123saha]

I am amazed. I avoided all of them. Thank you so much for posting this video.

[@Aris-Darling]

I work in the fashion industry. I have been actively working on earning more since I have graduated from college with a design degree, and I am continuously learning (through my job, on my own, earning certificates, and now earning my MBA). My only regret is how long I stayed at my previous company (4 years) when they did NOT make adjustments to my salary based on inflation... Rude.

[@mabiorpanchol9511]

This video is so interesting for someone who want to start a business to watch it and I have learned a lot from this is really going to help me in my business setup Am from south sudan Thanks Dan Lok

[@michaeljonathanmusa3703]

This is so credible how i love it much more. Very helpful i wish i had it earlier.

[@jAfr0Thunder86]

I have not increased my income without getting a better job for about 7 years. I have been through 4 long term jobs in that time. I started at (canadian dollars) $14/hr, got up to $17/hr, now at $23/hr. Not even close to enough, but my current job is the least physically draining so I've been using the leftover energy to develop my high income skill.

[@CarlBroadbent]

Whilst people are dreaming, be building. Whilst people are sleeping, work on your dreams. Whilst they dream about what they want you'll be dreaming about how to get there.

[@jamesk.kamara218]

This guy is doing a great job. I wonder why people keep condemning him.

[@Baban-Laila]

I think am already trapped in these 6 traps.... 😢 I must change. Thnx to the King

[@rishindey492]

Dan Sir you are really awsome.... Your thinking is 100% realistic.... And that is the thing I like most.....

[@AussieMoneyMan]

I'm in my 20s so this will serve me well. Going well so far, approaching 300k!

[@Erika2]

AussieMoneyMan Congratulations!!

[@AussieMoneyMan]

@@Erika2 Many thanks

[@bossman8681]

Top man !

[@AussieMoneyMan]

@@bossman8681 Thanks!

[@joshuaa.kennedy8837]

Best advice for 20s go work for free and gain a sealable skill and don't waste your time going to school. Besides after school you work for free anyway just cut them out.

[@danielkwamedadzie7368]

Great video Dan. I'm 40 years and I'm looking at buying a car for family and work. What is the maximum percentage of salary to be spent on a car monthly. I've learnt from you that house should not be more than 20%. Thank you. I'll be grateful if could recommend a part-time job to supplement my income. I live in Ghana, Africa.

[@Gandoff2000]

I'm sending this video to my children who are young adults. Thanks!

[@Education-Edge]

I agree. Having a clear vision is power! It's helps people visualize the path to their goals and people are more inclined to out in effort to get there. 👌🏽💯

[@AlexWeberg]

Numbers 2 and 3 are also great for people in their 20s. I see a lot of people my age buying very expressive cars. And I also feel a lot of people in early 20s not investing. I'm 23 and finally started investing the beginning of this year. The earlier people start the better. And 18 to early 20s are the best time to invest cause most likely you're still living at home so as long as you have a job you can put a small percentage of that each paycheck into investing

[@fhantzia5394]

when i see this video i finaly can describe what am i before and after a couple years,,in the beginning i only can earn some money to keep going my life like the others,,but i can increase my high skill income and now i can earn more than i thought,, i start working at 17 and only get a stable income every month,,when i'm 20 i foccuss on what exactly skill i have,started to push my self for doing work more better so i can get more bonus,i push my self again n again,,now in my 30s i can handle company and increase income more than i thought i can,,,n now i still push my self for doing more and more so i can increase income in the future

[@andyrocket]

i bought a house when i was 29 years old because everyone told me to get one while you still young. Now I'm 36 years old with 2 kids and 29 years more for the house loan i felt the financial burden, i need to sell my house. Thanks for the tips!

[@alexandrearaujodecarvalho]

Don't give up the fight.

[@DavidEidu-xe1rr]

I need more teachings please

[@shivinunitholi2493]

At 36, I am starting afresh coz I made a whole lot of mistakes until now... better late than never

[@deusdedithsalvatory465]

Dan lock..... You are amazing if I don't get rich then it's all my faults because you are my life couch and I love you a lot brother, you speak very good English that is easy to understand even for those who did not grow up in English speaking country like me.

[@yoeurnninofficial6543]

Thanks Dan for you great video. 🙏🙏

[@amolikachandel7]

CAN U MAKE A VIDEO EDUCATING WHERE TO INVEST MONEY AS IN WHERE INTEREST IS HIGHEST ? BANK FD ? MUTUAL FUNDS ? STOCKS AND SHARES ? ALSO HOW TO IDENTIFY WHICH ONE IS BEST

[@patomalatinec2256]

Cryptocurrency for me :)

[@rawlings091]

I invest in index funds, but diversification is key!

[@REALTLPTV]

Don't buy things you don't need for the sake of showing off to people, most of whom don't even care about your house and car. Then make sure you are investing when you are as young as possible to make sure that initial investment can grow and work for you.

[@adityadhaka2780]

Im in my early 20s Sifu Dan and I just know one thing that I'll be learning atleast HTC from u and I'll do that! I don't care about anything else I can't afford it today but tomorrow I will! I'll be doing that!

[@haakoncj6887]

Aditya Dhaka dont. Search ‘cult of dan lok’. Thank me later

[@joshuaa.kennedy8837]

#1 I bought a RV so me and my mother could live in and then the next month she passed away. I had a few suprises for expensive. But after the dust settles it will be well under 20% rule. #2 I fell into this one when I got a car when I was 27 I could not afford. My monthly payment was $450 a month and after 3 years I owned 11,000 left on the car that had 90,000 miles #3 my problem not investing enough it's investing in the wrong people why other people stealing my stuff to put me back #4 I have a high income skill switch is security installation closing and tech support that stack together. #5 I do have financial goals I want to get my own land to put my RV on at and build my house. #6 is one I need to learn more about.