6 Money Traps To Avoid In Your 30's

Sdílet
Vložit
  • čas přidán 3. 07. 2024
  • For a limited time, you can get a copy of Dan’s free best-selling book F.U. Money: high-ticket.danlok.link/2jgnug
    Compress Decades Into Days. Get Dan Lok’s World-Class Training Solutions to Grow Your Income, Influence and Wealth Today. Start Here ► danlok-shop.danlok.link
    When you’re in your 30s, it’s the most important decade of your financial years. The problem is, that most people don’t know that there are 6 money traps that are holding most people back from achieving their financial goals. So if you want to achieve your financial goals faster, watch this video now as Dan Lok breaks down the 6 money traps to avoid in your 30s.
    Experience Dan Lok Live (In Person Or Virtual) And Discover The Secrets To Scaling Your Business
    Join Us ► danlok.com/events
    #MoneyTraps #AdviceForYoungPeople #MoneyAdvice #Money #RichHabits
    This video is about 6 Money Traps To Avoid In Your 30's
    • 6 Money Traps To Avoid...

Komentáře • 751

  • @cherylcuttineau7916
    @cherylcuttineau7916 Před 4 lety +270

    I'm 68 years young and am always learning!

  • @SteveRam
    @SteveRam Před 4 lety +203

    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
      @j.a.s.o.n.g.r.a.h.a.m Před 4 lety +2

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

    • @CarlBroadbent
      @CarlBroadbent Před 4 lety

      It's never too late to succeed

    • @sameersharma6352
      @sameersharma6352 Před 4 lety +3

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

    • @YoungUprising
      @YoungUprising Před 4 lety +1

      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
      @luxurydoll6007 Před 4 lety

      ❤️

  • @azflorhuerta7490
    @azflorhuerta7490 Před 4 lety +435

    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

  • @ChinithaJohnson
    @ChinithaJohnson Před 4 lety +175

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

  • @CostaBlancaFrenchies
    @CostaBlancaFrenchies Před 4 lety +204

    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.

  • @Erika2
    @Erika2 Před 4 lety +58

    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
      @ebenezercobbinah3096 Před 4 lety +4

      Erika Kullberg: Finance, Investing, Passive Income hi

    • @Daykiss
      @Daykiss Před rokem

      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!

  • @Sirhilyish
    @Sirhilyish Před 4 lety +10

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

  • @dannyrivera7823
    @dannyrivera7823 Před 4 lety +54

    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

  • @fantasia243645
    @fantasia243645 Před 4 lety +19

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

  • @samuelmoore1392
    @samuelmoore1392 Před 4 lety +25

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

  • @ThatsPrettyCool87
    @ThatsPrettyCool87 Před 4 lety +23

    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 =)

  • @chrisskimmerhorn5032
    @chrisskimmerhorn5032 Před 4 lety +6

    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.

  • @kobyyA
    @kobyyA Před 3 lety +2

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

  • @artonic1118
    @artonic1118 Před 4 lety +2

    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.

  • @kunbistudios
    @kunbistudios Před 4 lety +1

    Thank you Dr. Dan!

  • @justmathsbymike
    @justmathsbymike Před 4 lety +8

    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.

  • @bryanabejuela
    @bryanabejuela Před 4 lety +2

    Thanks dan! 🙌

  • @ssengoobashaffic9593
    @ssengoobashaffic9593 Před 3 lety +1

    Thanks so much boss Dan

  • @GunjurDawahCenter
    @GunjurDawahCenter Před 4 lety

    Thanks Dan

  • @harrisonedokpayi3647
    @harrisonedokpayi3647 Před 4 lety +4

    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.

  • @BirthFromFire
    @BirthFromFire Před 4 lety

    Thank you for your excellent video Dan and team....

  • @SurjitPratap
    @SurjitPratap Před 4 lety +15

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

  • @rishikeshjadhav9505
    @rishikeshjadhav9505 Před 4 lety +1

    Awesome Guidance Dan

  • @paradiseisland3352
    @paradiseisland3352 Před 4 lety +2

    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

  • @crystalgaleplanilla139
    @crystalgaleplanilla139 Před 4 lety +1

    Thank you so much for this Dan! You are simply amazing! I learned a lot.

  • @kyere4603
    @kyere4603 Před 4 lety +4

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

  • @ronaldoriku5274
    @ronaldoriku5274 Před 4 lety +1

    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 !

  • @flystraight7994
    @flystraight7994 Před 4 lety +4

    Man. You're great.
    God bless your efforts and deeds♥️

  • @saurav123saha
    @saurav123saha Před 4 lety +2

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

  • @MrMikulu
    @MrMikulu Před 3 lety

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

  • @eng.clemohwuodfibi
    @eng.clemohwuodfibi Před 2 lety +2

    So amazing advise

  • @exterMEnator83
    @exterMEnator83 Před 4 lety +1

    Thank you mr.
    Really , thank you much

  • @b.kodzoofori1491
    @b.kodzoofori1491 Před 3 lety +1

    Great teacher!

  • @1055memories
    @1055memories Před 4 lety +3

    You are great 👍 ありがとうございます😊

  • @Adrian-eu4xf
    @Adrian-eu4xf Před 4 lety +1

    Another valuable content. Thank you sifu Dan

  • @RaldasDetails
    @RaldasDetails Před 4 lety

    Thank you Dan 👍🏼👍🏼

  • @yoeurnninofficial6543
    @yoeurnninofficial6543 Před 3 lety

    Thanks Dan for you great video. 🙏🙏

  • @user-xk3ps8hy6d
    @user-xk3ps8hy6d Před 11 měsíci

    Much appreciate Mr Dan Lock

  • @Wandering_Gg
    @Wandering_Gg Před 4 lety +1

    Superb advice

  • @leakseng399
    @leakseng399 Před 4 lety

    Thanks Dan for your very useful video

  • @gliwonderwonder4211
    @gliwonderwonder4211 Před 3 lety

    Thank u and bless u.

  • @jdsrafanan264
    @jdsrafanan264 Před 4 lety

    Thanks for the advice Sir. I'll do this.

  • @justynaq1254
    @justynaq1254 Před 4 lety +1

    Just love it !!!

  • @alexandrearaujodecarvalho
    @alexandrearaujodecarvalho Před 9 měsíci

    Thank you so much.

  • @Darklighstarlight
    @Darklighstarlight Před 4 lety

    I really appreciate the video great advise

  • @diankahot5894
    @diankahot5894 Před 3 lety

    Thank you for video

  • @abdullahiringim4674
    @abdullahiringim4674 Před 4 lety

    Thank you Dan Lok!!!

  • @ifeanyipeter2602
    @ifeanyipeter2602 Před rokem

    Wow so much wisdom. Thank you cefu

  • @tonnybarasa7923
    @tonnybarasa7923 Před 3 lety

    Thnx Dan....

  • @rogerfragata4992
    @rogerfragata4992 Před 2 lety

    Great informations.

  • @togglecode
    @togglecode Před 4 lety

    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 !

  • @vickycesh2529
    @vickycesh2529 Před 4 lety +1

    Thanks ferry much you have make my days going

  • @IsaacIOkeke
    @IsaacIOkeke Před 4 lety

    That’s a good one, it only gets me ready and closer to understanding what I need to do. Thank you and keep that on

  • @jucxox
    @jucxox Před 3 lety

    Such a powerful video. Sharing this. ❤️

  • @AndreInvests
    @AndreInvests Před 4 lety +1

    Great talk Dan! I completely agree with everything on the list! You have to be very wise with your cash flow and not making bone-headed decisions.

  • @dailydevotional5224
    @dailydevotional5224 Před 4 lety

    Very realistic. Thank for sharing your experience.

  • @abhishekprajapati8726
    @abhishekprajapati8726 Před 4 lety

    Great work

  • @ElenaIaffe
    @ElenaIaffe Před 4 lety +5

    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!

  • @hamoudyahya7635
    @hamoudyahya7635 Před 4 lety +1

    Much love for your vidios Dan! We learn from Tanzania

  • @ebaim.r2361
    @ebaim.r2361 Před 4 lety

    thanks Dan

  • @290revolver290
    @290revolver290 Před 4 lety +1

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

  • @ashleymercado7185
    @ashleymercado7185 Před 4 lety +4

    Your such a blessing Dan! I've been watching your videos. And you help me much. Keep it up.

  • @sirahanolosha
    @sirahanolosha Před 4 lety

    Hi Dan,
    Thank you.

  • @RockWeller
    @RockWeller Před 4 lety

    Love the tips!

  • @manojaniroshini7970
    @manojaniroshini7970 Před 3 měsíci

    Thank you sir

  • @kathleenanncampanano8876
    @kathleenanncampanano8876 Před 4 lety +2

    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!

  • @amar123ful
    @amar123ful Před 4 lety

    Well said

  • @thihuongnguyen6790
    @thihuongnguyen6790 Před 4 lety

    I am happy and motivated to watching your videos. Thank you for spending your time to sharing and teaching us

  • @BigBbisal
    @BigBbisal Před 4 lety

    Thankyou Dan for such a great video.
    By the time I am watching am visually clear about my finalcial goal.
    Thankyou again from the core of my heart.

  • @lilafrica2617
    @lilafrica2617 Před 4 lety +4

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

  • @Ourhomeschooladventures
    @Ourhomeschooladventures Před 4 lety +2

    Looks like we're on the right track. Thanks for the helpful tips. 😀

  • @timmydidit
    @timmydidit Před 4 lety

    Another awesome video. Thank you for taking the time to deliver more good content.

  • @AcceleratedFreedom
    @AcceleratedFreedom Před 4 lety +1

    Really awesome video, great reminder for everyone.

  • @TrendingTopicSeries
    @TrendingTopicSeries Před 4 lety +3

    Some valuable tips in this video 👌👌

  • @elmojtabaadam8990
    @elmojtabaadam8990 Před 3 lety +4

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

  • @uppulashankar3400
    @uppulashankar3400 Před 4 lety

    Thanks 👍

  • @mbuhzikeberriespizuh1025
    @mbuhzikeberriespizuh1025 Před 4 lety +1

    "What you don't know will wash you" thanks very much Dan... I really need to take time and educate my mind financially and investment strategies

  • @technologyzonenepal7361
    @technologyzonenepal7361 Před 4 lety +1

    Great logics bro

  • @J8Rich28
    @J8Rich28 Před 4 lety

    Thanks dan I appreciate it

  • @joycekalungi8791
    @joycekalungi8791 Před rokem

    Thank you

  • @dansanthirasegaran8294
    @dansanthirasegaran8294 Před 4 lety +1

    Great tips 👌

  • @ShellyHopkins
    @ShellyHopkins Před 4 lety +4

    Great video Dan! I wish I knew what I know now in my 30’s

  • @heaxoxo19
    @heaxoxo19 Před 4 lety +5

    Mr.Dan Lok ,you are my inspiration actually Watching your vlogs and I am so amazed on how you talk professionally.❤ Godbless you 🇵🇭

  • @mrjeanbores
    @mrjeanbores Před 4 lety

    This is very powerful information that everyone should know!

  • @Gandoff2000
    @Gandoff2000 Před 4 lety +1

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

  • @nkechialinta8531
    @nkechialinta8531 Před 4 lety

    Thank you Dan.I just implemented what u tot on 5 persuasive words to control the mind. It works been getting customers. Thank u dan

  • @tkbmichellekemi
    @tkbmichellekemi Před 4 lety

    Powerful 👌

  • @albertom8834
    @albertom8834 Před 4 lety +7

    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!!

  • @rabiuabdullahi9415
    @rabiuabdullahi9415 Před 4 lety

    Thanks I love you work

  • @izharali1043
    @izharali1043 Před 3 lety

    Well explained! Nice sir

  • @orteot448
    @orteot448 Před 4 lety +1

    The ladder metaphor is so true !!

  • @princenwaokike4687
    @princenwaokike4687 Před 4 lety

    Damn Dan!!!
    You are smart
    Thumbs up to your team as well

  • @ingevankeirsbilck9601
    @ingevankeirsbilck9601 Před 4 lety +3

    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.

  • @juniorcagatin111
    @juniorcagatin111 Před 3 lety +1

    Dan, u are smart! 👌
    i love it...

  • @jeffdorris5321
    @jeffdorris5321 Před 4 lety +1

    Thanks for this Video Dan Lok. I am 35 years old, this is timely for me.

  • @traviolisupreme
    @traviolisupreme Před 4 lety +3

    Absolute legend, great advice... 🙂👍 Now get your ass on impact theory! I’d love to see you & Tom talk business & finance.

  • @shrikantjoshi7795
    @shrikantjoshi7795 Před 4 lety

    Clarity is the power ! An eye opener video ! Especially at later age if we honk finanacial problems

  • @HBVitality
    @HBVitality Před 4 lety +29

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

    • @Ptown_1988
      @Ptown_1988 Před 4 lety

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

    • @drefhill
      @drefhill Před 4 lety

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

  • @ShihabPersonalFinance
    @ShihabPersonalFinance Před 4 lety +10

    falling to consumerism and all that marketing from big corporations

  • @SaharNawaz
    @SaharNawaz Před 4 lety +4

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