My 5 BEST Financial Decisions

These are my BEST financial decisions that I’ve made throughout the last 12 years, and how this has helped me build my net worth - enjoy! Add me on Instagram: GPStephan The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF Get a Free Stock on WeBull when you deposit $100 (Valued up to $1000): https://act.webull.com/k/Vowbik9Tm5he/main Merch: http://www.GrahamStephanStore.com/ Graham Stephan Discord: https://discord.gg/pazcWtR My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB FIRST: NOT GOING TO COLLEGE So instead of going the route of traditional education, I pursued my real estate license. I began working full time right out of high school, I had ZERO debt, I paid for everything outright, and I was able to use those 4 “college” years to get MASSIVELY ahead of my peers, not only monetarily, but in terms of work experience. SECOND: SAVING EVERYTHING I EARNED My entire rationalization was this…I thought that if I could save ALL of my income….I could increase my net worth and build my wealth faster than the person who’s 20 years older than me, making 4x what I was making, but spending all of it…and I knew that being young, I could afford to spend LESS than someone who was older and had a lot of overheard…It was from building those habits early on that carried forward, and all of that really just became the foundation of where I am today. THIRD: INVESTING IN REAL ESTATE It was really those early real estate purchases that ABSOLUTELY changed my entire outlook on not only investing, but being able to see the rewards of diligent hard work. It was such an incredible feeling to look at a house, and know that I’m the owner…that THAT ownership was the result of so many late nights, so much hard work, so much self doubt, and seeing it right in front of me just made it all feel “Worth it.” But things REALLY shifted for me, mentally, once I started receiving rent every month. The idea that I could get PAID, every single month…without having to actively work towards that income…was absolutely addicting. It was as though, every single day, I woke up with an extra $20 underneath my pillow…like a real estate tooth fairy. FOURTH: LIVING IN A DUPLEX I came across a REALLY good deal on a duplex that I absolutely LOVED…and the numbers just became too irresistible not to move in…because that duplex would cost me almost NOTHING to live in, meaning I could LIVE THERE FOR FREE. That’s because, after the rent I received from the other unit, the tax write offs associated with owning a property and using the garage as my office, and the equity I was building by paying down the mortgage...it was a total break even. Plus, I’d be able to MAKE MONEY by fixing it up and see the property value increase. So when I saw that opportunity, I decided to take full advantage of it and move in. That was EASILY one of my best decisions I’ve ever made. FIFTH: AVOIDING LIFESTYLE INFLATION This is what happens when you slowly start to make more money over time, and you slowly start to treat yourself a little more. Maybe you get a slightly nicer car…you start eating out a little more often…but this slowly just becomes your new level of “normal,” and it slowly starts to add up. I’ve made a VERY conscious effort on my part to stay away from lifestyle inflation, and only spend whatever money the rental properties generate…this way, my level of spending can continue indefinitely without me having to actively work, and everything ELSE I make - whether it be from YouTube or real estate sales - is re-invested, to make even more passive income. And it’s really from the cumulation of those choices that’s led me to where I am today, and each one of those choices led to the other…without the building block of saving as much money as I could, I don’t think ANY of this would’ve worked out as well as it did. For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

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