34. The biggest money mistakes to avoid in your 20’s and 30’s (they’re so common, even I made them!)

Money - we all want it, and need it.

Yet there’s this WEIRD taboo about money - for some reason, we’re not supposed to talk about it, say we want it, or even like it…

And then we wonder why so many people are in debt, not ready for a rainy day, or unable to retire securely.

Well - no more. It’s time to talk about all things money - and we’re going to start with the biggest money mistakes you should avoid. 

While the title may say to avoid them in your 20’s and 30’s, the advice rings true at ANY age. 

If you want to have more money, create an emergency fund, pay off your debt, manage your money better, and experience the FREEDOM money can give you, listen up:

In this episode, you’ll hear the biggest, most common mistakes people make when it comes to money. And I speak from personal experience - these are the mistakes that put me $40,000 in debt. 

You’ll also hear what to do instead - and how correcting these mistakes helped make us multi-millionaires before we turned 30. 

You’ll learn simple things you can do right away with your money and get solid takeaways and ideas to change your mindset around money - and how to take action to hit your financial goals. 

Most importantly though? I hope you listen and hear that even if you’ve made mistakes (like I did) - that it’s never too late. 

And by the end of this episode, I hope you get inspired and ready to take action on your money - TODAY!

Here are the juicy bits you can look forward to:

  • The mistakes that I made with money

    • Credit cards, credit cards, and more credit cards 5:55

    • What’s a budget? 7:25

    • Ignoring your credit card statements 9:35

    • Waiting to save for retirement 12:30

    • Looking rich but really being broke 14:25

    • Buying stuff instead of assets 16:30

    • Not learning how money works 18:30

    • Not investing your money 20:35

  • Summary of common money mistakes 23:55

  • My advice for you today 24:35

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“When you buy ‘stuff’, you build someone else’s wealth. When you invest in assets or yourself, you build YOUR wealth.” - Lisa Michaud

“You’ll never have 'spare money’.  You’ll never think you make enough money to save it.  Save anyway.” - Lisa Michaud 

“If you’re buying designer anything without actual wealth and money in the bank, you’re not rich. You’re just broke wearing nicer shoes.”- Lisa Michaud

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Thank you so much for listening.

xo,

Lisa


PS.  Please note: some of the links shared may be affiliate links. This doesn't cost you anything: it simply means that Lisa Michaud might get an affiliate fee. Special care is always taken to make sure only the highest quality recommendations are shared: our highest value as a Community is YOU getting results in your life. We will always encourage you to show up with integrity and encourage you to create a business, income, and life you love - and make money doing it. We share this as an example of how we do this in our business by following these principles to serve you, and inspire you to do the same in your life.