Want financial freedom in 2026? Start by paying yourself first. Learn how👇👇

0:00
It does not matter the amount of money
0:02
that you make. If you do not know how to
0:04
manage money, you are never going to
0:06
become rich. The first stage [music] of
0:08
my life was when I did the loans
0:11
business. I took money from other people
0:13
and I gave it as loans to other people.
0:15
So that I [music] took them 10% interest
0:18
and I paid to my investors 5% interest.
0:21
That was the first time that I started
0:22
making money on my own. The only
0:24
management [music] skill that I have was
0:26
recording my expenses. You are either a
0:29
spender or you are a saver. I am a
0:31
spender. [music] The money that I had in
0:33
my hand, I would spend and I'll spend
0:35
more than that. So [music] that point in
0:37
my life, well of course coupled with
0:39
loans, very very bad loans that I give
0:41
and everything. That was [music] why my
0:43
business came down. Now when I started
0:45
the Airbnb business, started renting
0:47
apartment to people, I found that the
0:49
profit margin of that apartment business
0:51
[music] was more than my loans business.
0:54
We had a lot of debt from the old
0:56
business [music] and we started a new
0:57
business. So this new business the money
1:00
management skill that we had was that
1:03
every single time that money comes in it
1:06
goes back to to [music] those we are
1:07
owing. I got an awakening. There was a
1:10
lockdown that was when it dawn on me
1:11
that all this while we making a very big
1:14
mistake. And if the lockdown is going to
1:16
last a [music] certain period it means
1:17
that we might have to come out and be
1:19
even though I was doing business I was
1:21
paying investors. I was paying everybody
1:23
else except myself. [music] So I learned
1:25
that lesson. I was going to make sure
1:27
that there is a specific amount [music]
1:29
of money that goes into a different
1:31
account in my life. I started doing it
1:33
until it got to a year and I saw that
1:35
that [music] money was a lot of money.
1:37
At that point instead of giving
1:38
everything to investors, I took a piece
1:41
of paper divided into three. The first
1:43
part [music] invest that money was going
1:45
to be invested back into the business
1:47
that brought out the second part of the
1:50
money debt. the people that I was
1:51
growing [music] money. The third part I
1:53
called it for life and that was that
1:55
money that I was putting into a
1:57
different account for myself. I wasn't
1:59
growing [music] any more money at this
2:01
point. When you are in a hole, the best
2:02
thing you have to do is to stop

Want financial freedom in 2026? Start by paying yourself first. Learn how👇👇

zilgist.com

Why Gen Z could be facing a pension time bomb

Has the UK's environmental focus prevented business growth and investment?

EUR-USD USD-JPY S&P 500 Bond Bears Bite as Markets Reset Tariff Risks Part 2

Do you know your time is your biggest wealth builder. The proof starts now. Watch👇

Tackle 10 Types of Hard PMP Exam Questions with Confidence [UPDATED]

U.S. Student Loan Collections to Resume May 5: Millions Risk Wage Garnishment Amid Defaults

Securities Markets Code 2025 explained | India ka sabse bada capital market reform

The ABSOLUTE BEST Way To Achieve Financial Freedom

20 Habits You Can Easily Start To Become Financial Freedom

The Bank That Changed The World Forever

Tae Kim: Is Stock Market Concentration Dangerous?

Mastering Money Habits: Financial Planning & Investing Strategies for Students

Luxury Overconsumption Is Out of Control: Are We Just Pretending to Be Rich?

How To Have Safe Conversations About Money

10 Most Unlivable U.S. Cities (2025): Costs, Crime, and “Nope” Factors

Up next in 10

Want financial freedom in 2026? Start by paying yourself first. Learn how👇👇

zilgist.com