Salespeople and Spending Problems
Nov 08, 2024A lot of young salespeople have serious spending problems.
Sales advice is great but this is more important.
Earning a strong income is only one piece of the equation.
What you do with your income is far more impactful.
1. Automatically split your income into separate accounts
2. Define decision making criteria for large expenses
3. Delay gratification so it can compound meaningfully
It's easy to earn a lot of money and have nothing to show for it later.
You can have Rolexes, Porsches, and custom suits today.
Or you can have 3 properties, 2 timeshares, and a family of 8 down the road.
I know the cost of living is insane, but it's still always a choice of having 1 apple today or 10 later on.
Compounding interest is the only way to accrue real wealth.
At least it tends to work out well for those who think that way.
With remote work now widely available, I strongly encourage folks to consider seeking locations with lower cost of living and lower tax burden.
Of course, I'm still always a fan of minimalism and frugality.
The reality is we don't need most of the junk we think we do and as you get farther through life those priorities tend to become more obvious.
Happy Selling,