371 | The Number One Mistake You’re Making in Your Finances and 5 Tips for Leading
CRAFTED Millionaire
Cayla Craft
4.9 • 1.3K Ratings
🗓️ 5 January 2022
⏱️ 13 minutes
🧾️ Download transcript
Summary
In this episode, Cayla reveals the number one thing that people do constantly that is keeping them broke. It is so common and completely misunderstood and it could be costing you so much money and keeping you in a never-ending loop. She’s got advice on how to move past this and start the year off right by cutting this habit out of your finances.
One of the most common questions Cayla receives on social media is how to be a better leader. So in addition to the number one mistake you’re making in your finances, Cayla also has five tips on how to become a stronger leader.
You will learn:
- [1:39] - Saving isn’t going to make you rich.
- [2:27] - The rule you need to have is that if you don’t have the discipline to pay off your credit card, you shouldn’t have one. It is not okay to live off a credit card.
- [3:45] - Start with a card that has a lower limit and pay it off every month. This helps you earn points and perks.
- [4:27] - Are you leading yourself well?
- [5:26] - You have to have a heart of appreciating people and their talents.
- [6:11] - Ask to hear other people’s stories.
- [7:51] - Put yourself in other people’s shoes.
- [8:06] - Put other people’s priorities at the top of yours.
- [8:45] - Make winning a group activity.
- [10:20] - So many people think only of themselves and their needs, so if you put others first, you will be noticed.
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Transcript
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| 0:00.0 | Leadership is influence. Nothing less, nothing more. It's all about influence. |
| 0:05.8 | And if you want to influence other people's to do something, to sell more, to do more, |
| 0:12.6 | whatever it is, you have to look at yourself in the mirror first of all, |
| 0:16.8 | and say, am I leading myself low? Am I doing the things that I set out to do? |
| 0:22.8 | Hello, and welcome to The Mommy Millionaire Show. This is your host, Kayla Kraft. I am a mom of three. |
| 0:33.2 | Multi-millionaire, master, life coach, and money mindset queen. I am so happy and thankful |
| 0:40.4 | that you're here. I am actually on a mission to help one million women make a million dollars |
| 0:45.6 | or more a year. That could be you. Every week, I'm bringing you inspiring stories to help you |
| 0:53.4 | feel empowered, to broaden your horizons, to gain clarity and strategy on living your best life. |
| 1:01.6 | Over at Mommy Millionaire, we pursue our lives with purpose and love, and the riches always follow. |
| 1:08.4 | So stay tuned because I'm bringing you episodes twice a week. I believe you are your biggest asset. |
| 1:14.4 | So let's build you up today. Let's get into it. |
| 1:25.9 | Hello, Mommy Millionaire. It's Kayla Kraft, and I'm back here today to share with you the number one |
| 1:32.8 | thing you can do to save more money. And I believe, you know, saving isn't going to make you rich, |
| 1:42.4 | but a lot of us spend money doing this one thing and it's costing us our freedom. Are you ready |
| 1:53.1 | to hear what that is? I'm going to tell you in just a second. But first, I'm also going to answer |
| 1:58.1 | a question from my Instagram. I always put it out there like, what are you guys struggling with? |
| 2:03.2 | And it's usually marketing questions. And so today, we're going to talk about how to effectively |
| 2:09.3 | lead somebody. And yeah, I'm excited to talk about it. So number one, the thing that I think |
| 2:17.5 | is really costing you money and keeping you from freedom is credit cards. Okay. If you do not have |
| 2:24.9 | the discipline to pay off your credit card every single month, you don't get to have a credit card. |
| 2:30.4 | That's the rule. I was doing a free coaching call with somebody and they were talking about how |
... |
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