For those of you who are financially comfortable or stable now, what’s the real life-changer advice you’d pass on to someone trying to get there?
Not the usual “save more, spend less” kind of stuff because a lot of people in the economy usually either tries or already attempted that route, not that it isn’t useful but this question is more so wondering about other advices besides the traditional, wondering about the things that actually shifted how you handled money, built stability, or created long-term security. Maybe it was a mindset change, a habit, or one key decision that made all the difference. Thank you in advance, hope life continues to be great to you.
What’s the best financial advice you’d give, the kind that actually changed your life?
byu/Successful-Thanks309 inEntrepreneur
Posted by Successful-Thanks309
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Reinvestment and constantly learning new niches.
I learned this the hard way. Two of my biggest projects collapsed. Both times I was so deep in one thing that when the market shifted, I had nowhere to pivot. That’s when it hit me: you can’t put all your eggs in one basket, even if that basket is doing well right now.
What actually changed everything was accepting that what you’re doing now might not last forever. Or even if it lasts, you might just hit the ceiling of your potential in that area.
So I started treating learning like a core part of the business, but with a specific ratio: 20% of my time goes to developing and optimizing my current project, and 80% goes to studying completely new niches that are far removed from what I’m doing. Not adjacent markets or slight variations. Actually different directions.
But here’s the key: that 20% only kicks in when you feel your project is approaching its peak and working ideally. At that stage, minimal maintenance keeps it running while you build what’s next.
Most people do it backwards. They focus 80% on their current thing and maybe dabble 20% in something new. But that doesn’t prepare you for real change. When you flip it, you’re constantly sketching out different business models, running experiments, testing ideas. Some fail. Most fail, honestly. But over time, that habit of exploring makes you way more adaptable.
The result is you become really independent. When one project hits a rough patch or a market shifts, you’re not scrambling because you’ve already been building other skills, other angles, other options. You’re just better prepared for whatever comes, including complete failures.
It’s not flashy advice, but compounding that kind of curiosity and reinvestment over years is what creates real stability. Way more than focusing on one thing ever did for me.
Marry a person who has similar spending and saving habits. A partner/spouse who is not on the same page will give you a lifetime of struggles.
Learning that money is just a reflection of discipline changed everything for me. The moment I stopped chasing income and started tracking habits, my finances and confidence both grew. Stability isn’t built on luck it’s built on systems.
the best financial advice that changed everything for me wasn’t about saving or budgeting, it was investing in skills. Not stocks, not crypto, skills.
When I first started trying to make money online last year, I was all over the place. I thought I’d figure it out on my own, and I did learn a lot, but once I actually invested time and eventually some money into learning the right systems marketing, branding, building online income streams and things finally clicked.
It took a few months to see traction, but that’s what made the difference realizing that knowledge compounds just like money does.
So if I had to give one piece of advice learn something that’ll pay you for life. Either spend time researching and testing or shortcut the process by getting into a good community or training that helps you grow faster. Both will cost you something either time or money but one way or another, you’ll pay to learn.
Learning to separate wants from needs made a huge difference. Track spending for a month to see where money actually goes, not where it feels like it goes. Many find they’re hemorrhaging cash on subscriptions and convenience purchases they don’t even think about.
If you’re not tracking, you’re slacking – just like diet, personal finance should be tracked. Do at least the bare minimum of tracking your net worth, making sure you move up every year at the pace that you like.
I use a Net Worth app that makes tracking a lot easier. I find myself sticking to it a lot more than maintaining a manual spreadsheet – which is more work and introduces friction. Tracking should feel effortless and fun.
Learn to live below your means and understand what debt is costing you (pay of cc payments before they start to build up)
Buy real estate.