Trystan TrenberthVisionary Investor | Wealth Strategist | Public Speaker | Super-Connector | Founder of Midlife to Millions

The Cost of Ignoring Your Budget

Name: The Cost of Ignoring Your Budget
Uploaded: 2024-10-14T14:01:02+00:00
Duration: 17 s
Channel: Trystan Trenberth
Description: In this brief monologue, the speaker recounts a personal financial journey after several years of selling real estate. Despite earning roughly a million…

14 Oct 2024 · 0 min

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In this brief monologue, the speaker recounts a personal financial journey after several years of selling real estate. Despite earning roughly a million dollars—or possibly more—he ended up broke because he never created or followed a budget. He reflects on how unchecked spending and a lack of financial tracking can quickly erode substantial earnings, prompting a realization that monitoring expenses is essential to avoid similar pitfalls.

After 3 or 4 years of selling real estate, I was broke. I'd made probably a million bucks, probably more, you know, and I was broke and I was like, God, why am I going broke here? I'd never had a budget. I didn't realize how much money I was spending. And if you don't watch it, you end up spending a lot more of it, right? And so I was just kind of like, geez Louise, how much money have I spent?