 Hey, what's up? Welcome back to the podcast. We're gonna go straight into today's question. I got this It was like a very long thread of Questions from this coach and essentially what he asks is He's on paper financially doing good His business is doing around 8,000 a month, which is close to a hundred thousand dollars per year in most coaches like Would love to be at that level like and I know most people never get to that level and The problem is not his business like his business is is doing good. He's been in business for about three years Each year it's gotten better, but his question was you know, I'm doing around eight grand a month But I feel like at the end of the month I feel like I'm living paycheck to paycheck. I Feel like I'm not saving money. I'm not able to invest any money and I Kind of went back to him and I said well, you know, are you documenting the money that you spend? throughout the month and he was like no like, you know Like basically said no and said, okay. Well, you know, I'm not gonna be your financial advisor here But if you're spending 8,000, you know, I would say after taxes, he's probably doing around five or six But like if you're spending around five or six grand per month on things Then it's not gonna really matter how much money you make because you're gonna end up spending it all and if you think about Your finances, so if you're you're watching this video if you're listening to this podcast You're gonna be responsible for how you spend your money that that is up to you And unfortunately, there's things that pride didn't learn when you were young And I know there's there's a great resource out there. There's a guy named Dave Ramsey. Yeah, he's definitely not for everyone But I watch his videos all the time. I've learned a lot. I've changed a lot of my habits my wife and I have Followed a lot of what he teaches and what he teaches is very simple But if you're irresponsible with your money, it doesn't matter how much money you make Because you could be making $4,000 a month having like a really good budget saving money every month Putting money aside every month Versus someone who's making ten twenty thousand dollars a month that's just blowing it all and This is why I always tell this to coaches If they're working with me and their income starts going up, I always tell people to live below your means Like you don't need to go buy a $60,000 car You don't need to have a $700 per month car payment You don't like you don't need to do a bunch of stuff that you know is appealing and this is why like, you know This phone right here My phone I have zero apps All right, not looking at Instagram. I'm not looking at Facebook. I'm not looking at what other people have What cars they drive what houses they live in I don't care about any of that and neither should you and I think when you start to become more disciplined with your money, which again I'm not perfect with but it's something I'm definitely striving to be better at When you're more disciplined with your money, you're going to be able to save more and invest more and then you're going to be able to end up having way more money long-term You know when you're older, so Like you can make all the money you want, but if you're caught up spending all the money, it doesn't matter how much you make All right, so that's it for today's video. I hope this helps and you know as your business does better I would I would encourage you to live below your means That way you can enjoy the fruits of your labor Later on that's it. See you later