Shakira Scott, a 20-year-old realtor, real estate investor, wholesaler, and business mentor, discusses ten life lessons learned after earning over $600,000 in one year. The video aims to inspire and provide tips based on her experiences.
Money management: Money comes and goes quickly; manage finances wisely, invest, and avoid excessive spending on unnecessary items. While enjoying earnings is important, responsible management is crucial.
Remember your "why": Recall your motivations and initial goals to stay focused and avoid complacency when income increases.
Tax planning: Set aside a significant portion (30-40%) of earnings for taxes to avoid debt with the IRS.
Invest earnings: Create a personal retirement plan by investing a percentage of income in stocks, high-yield savings accounts, or rental properties.
Humility and confidence: It's acceptable to celebrate successes, but maintain humility and avoid arrogance.
Avoid complacency: Never assume complete understanding; continuously seek knowledge and adapt to market changes. Invest in your education.
Learn to say "no": Set boundaries with family and friends to protect your time and resources.
Choose your circle wisely: Be mindful of those around you, as success can attract both genuine and opportunistic relationships.
Avoid comparisons: Focus on your personal journey and avoid comparing yourself to others' achievements.
Aim for more: Continuously strive for greater goals and maintain faith in God's guidance.
