We all have heard it and probably have even said it ourselves in one point in our lives. I’m broke. College can be a difficult time to finance yourself when you are paying for tuition, balancing a part time job, and going out to spend money with your friends.
Listen to this episode to hear about how Sabah and Dan manage their money in college to pay for things that will benefit themselves in the long run, rather than going out and spending their money on the weekends.
A few highlights of what you will hear:
Why college students are broke all the time.
Spending money wisely.
Why it's important to invest in yourself.
Why going out every night/ every weekend is never a good idea.
How to save your money.
Investing in your money rather than saving it.
Why it's still good to have a part time job, even when you are an entrepreneur.
Investing in experiences rather than tangible items.
“If you’re broke guys that is your own fault and you really need to start getting after it.” -Dan
“It’s more about how you spend your money versus about how you get money.” -Sabah
“I was born into a middle class family, I never had too little and I never had too much.” -Dan
“I was that person who would spend all of my money on shopping, but now I don’t spend that much on tangible things.” -Sabah
“I started to learn early on what it really meant to work for your money.” -Dan
“They don't really do anything in order to get money.” -Sabah
“If you buy the things you don't need you will have to start selling the things you do need.” -Dan
“How are you going to finance your life if you don’t even have any money?” -Sabah
“When you pay for these mentors and courses, you make a connection with these people.” -Dan
“Fill your life with adventures not things, have stories to tell not things to show.” -Sabah
“If you are born poor that is not your fault, if you die poor that is your fault.” -Bill Gates
“Being broke is a temporary situation, but being poor is a state of mind.”