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#029 Money Habits
‘You don’t need ten pairs of shoes when you only have one pair of feet’
In this episode, Garth explains how we all need to think more carefully about how we spend our money.
He encourages us to work smarter and explains ways that we can make our money work for us.
KEY TAKEAWAYS
Young people are spending their money on overpriced things to look good or to try and fit in with others this is not a good way to spend your money
Be wise and careful about how you spend your money. If you spend all your money then on Monday morning you are back at your job trying to earn enough for the next weekend then you need to think about change.
Hold onto your money and use it to build long-lasting wealth for you and your family so that you don’t have to work so hard in the future.
You need to find some ways to work smart. Build something so that once it’s up and running you don’t have to be there. Look for leverage to make your money work for you.
Look around to see where you can leverage maybe it’s your time or advice
Once you begin you will be able to compound your investment.
When you have money, hold some back it could be the building block of your future.
BEST MOMENTS
‘You don’t need ten pairs of shoes when you only have one pair of feet’
‘Be wise and careful about how you spend your money ‘
‘There are things you need to start doing now’
‘Most people swop their time for money and have to be there physically’
‘Because money does matter’
VALUABLE RESOURCES
https://omny.fm/shows/truth-4-the-youth/025-decisions?in_playlist=truth-4-the-youth!podcast#description
ABOUT THE HOST
Garth Clarke is the CEO of Version 1.1, a youth engagement company that offers education, training, support and opportunities to the young people. Garth has been passionately working with young people for many years now. Through the Truth 4 The Youth Podcast, he aims to reach each of the young people around the world to share his passion and change their lives.
CONTACT METHOD
https://www.linkedin.com/in/garth-clarke-84242097/
View all episodes
By Garth Clarke‘You don’t need ten pairs of shoes when you only have one pair of feet’
In this episode, Garth explains how we all need to think more carefully about how we spend our money.
He encourages us to work smarter and explains ways that we can make our money work for us.
KEY TAKEAWAYS
Young people are spending their money on overpriced things to look good or to try and fit in with others this is not a good way to spend your money
Be wise and careful about how you spend your money. If you spend all your money then on Monday morning you are back at your job trying to earn enough for the next weekend then you need to think about change.
Hold onto your money and use it to build long-lasting wealth for you and your family so that you don’t have to work so hard in the future.
You need to find some ways to work smart. Build something so that once it’s up and running you don’t have to be there. Look for leverage to make your money work for you.
Look around to see where you can leverage maybe it’s your time or advice
Once you begin you will be able to compound your investment.
When you have money, hold some back it could be the building block of your future.
BEST MOMENTS
‘You don’t need ten pairs of shoes when you only have one pair of feet’
‘Be wise and careful about how you spend your money ‘
‘There are things you need to start doing now’
‘Most people swop their time for money and have to be there physically’
‘Because money does matter’
VALUABLE RESOURCES
https://omny.fm/shows/truth-4-the-youth/025-decisions?in_playlist=truth-4-the-youth!podcast#description
ABOUT THE HOST
Garth Clarke is the CEO of Version 1.1, a youth engagement company that offers education, training, support and opportunities to the young people. Garth has been passionately working with young people for many years now. Through the Truth 4 The Youth Podcast, he aims to reach each of the young people around the world to share his passion and change their lives.
CONTACT METHOD
https://www.linkedin.com/in/garth-clarke-84242097/