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Dan Lok

Reaching Your Course Launch Goals: Final Preparations

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Hello, course creator! 

The countdown to your highly anticipated Kajabi course launch is nearing its end. 

In this article, I’ll guide you through the essential final preparations, incorporating some actionable exercises along the way to help you define the best strategies for your unique course. 

Let’s get started..

Step 1: Review and Finalize Course Content

Take some time to meticulously review all your course materials. Pay attention to areas that may need improvement or further clarification. 

Organize your content in a logical sequence that provides a seamless learning experience for your students.

Step 2: Test Your Sales Funnels

Put yourself in the shoes of a potential student and navigate through your sales funnels. Identify any friction points or technical glitches that may hinder the enrollment process. 

Ensure your payment gateways are set up correctly and conduct test transactions to verify smooth processing.

Step 3: Polish Promotional Materials

Gather feedback from friends, family, or colleagues on your promotional copy. Ask for their input on whether the value proposition is clear and compelling. 

Craft persuasive and engaging copy for your landing pages, emails, and social media posts that resonate with your target audience.

Step 4: Implement Last-Minute Marketing Efforts

Now’s the time to brainstorm innovative ideas to create excitement around your course launch. Consider hosting a live webinar or collaborating with influencers to expand your reach and generate buzz. 

Execute your marketing plan and create a content calendar for pre-launch promotional activities.

Step 5: Address Pre-Launch Jitters

Acknowledge any pre-launch jitters or doubts that may be creeping in. Write down positive affirmations to counter these feelings and remind yourself of the value you’re providing to your future students. Embrace the excitement and positive energy surrounding your course launch.

Step 6: Stay Committed to Success

Reflect on the journey that led you to create this course. Reconnect with your purpose and envision the positive impact your course will have on your students. 

Reaffirm your commitment to success and visualize the thriving community of learners who will benefit from your course.

Step 7: Monitor Launch Day Performance

Outline key performance indicators (KPIs) to track on the launch day. These may include enrollment numbers, website traffic, and email open rates. 

Keep a close eye on the KPIs and use the data to make informed decisions about your marketing strategy.

Step 8: Continuous Improvement

Seek feedback from beta testers or early enrollees to identify areas for improvement in your course content. Use the feedback to make necessary refinements and adjustments to create the best learning experience possible.

By following these strategic steps and incorporating the exercises along the way, you’ll be well-prepared to launch your Kajabi course with confidence and success. 

Remember, preparation and dedication are the keys to a triumphant course launch.

And don’t forget to seize these valuable opportunities:

►► Grab your FREE trial of Kajabi + $5,995.00 of FREE bonuses here: https://danlok.com/kajabi/

►► Watch the FREE masterclass on how to get paid for what you know: https://www.getpaidmasterclass.com

To your unstoppable success,

Dan Lok

How To Create A World-Class Coaching Program

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I have something special for you this week…

If you’re already a coach, expert, or trainer selling transformation through your courses and programs…

Or you’re just getting started in this business or plan to in future, read this email very carefully.

Because in this week’s newsletter you’ll get what I believe are the 3 C’s of a world-class program that transforms your client’s lives and turns them into raving fans.

I’ll model this newsletter on my High Ticket Closer™ Certification which has enrolled over 6,000 students.

How To Create A World-class Course Outline

Let’s look at my High Ticket Closing™  Certification and reverse engineer its contents and structure.

When I first launched HTC™ it was a 7 week program marketed as a business opportunity for people who want to work from home and build a business around their closing skills.

Today, it’s a 90-day closing immersive experience with a personal High Ticket Coach and is marketed to business owners and experts like you, so you can up your sales skills and generate more revenue.

This brings me to my first major point.

Change their identity, and you win the game.

Because, once they have an identity change, they can’t help but get better results.

Wouldn’t you agree?

And one of the best ways of doing this is through coaching.

We’ll speak more about identity a little later.

Why Your Program Must Include a Coaching Element

The first C of a world-class program is Coaching.

I realize this is obvious, and your program will no doubt include coaching and guidance from you or someone on your team…

But when we first launched HTC™, while we supplied our mentees with a roleplaying platform they could use to practice their closing techniques.

I believe the success rate would have been far higher if we’d made coaches available.

But you live and you learn, and that’s why the third version of HTC™ includes a personal coach.

The Ingredients of a World Class Coaching Program  

As you’ve just read, we’ve now created 3 versions of HTC™, each one better than before.

You should always be adding to your program and revamping things where they can be improved.

When creating your program you must brainstorm everything you think they’ll need to succeed.

Every challenge they’ll face and how to overcome them, and as much mindset training as it takes to take them from zero to hero.  

Why Mindset is So Important

“Skillset without mindset results in upset” – Dan Lok

You may have heard Tony Robbins say that success is 80% mindset 20% mechanics, and it’s very true.

And as the Curriculum is the second C…

If you want your coaching program or training to be world-class don’t focus on the “how to”.

Why?

Because while “how to” is important, you should give your clients more “how to” than they can poke a stick at.

All the “how to” in the world won’t if they don’t first have the right mindset and right identity.

This is one of the determining factors in what makes a program world-class.

For your clients to have an identity change, they must first think differently…

And mindset is something you’re unlikely to get in most lower ticket courses…

But your experience, expertise, and coaching is precisely why your clients will pay high ticket prices for your program.

Because without it, their chances of success are practically zero.

This is why the first two modules of HTC™ cover the high ticket closer mindset and the secret psychology of high ticket closing.

How to Figure Out What They’ll Need to Succeed With A High Degree of Certainty

When we ran the very first season of HTC™, I had a basic idea of what I wanted to teach, but after each class I asked my mentees what they wanted to learn.

After compiling the answers I created the next class and rinsed and repeated this process until the entire 7 weeks was over.

No doubt, you’ll have a great deal of worthwhile info, strategies, tips, and tactics to include in your program…

But, nothing beats asking the market what troubles they’re experiencing or what they’d like to see in your program.

Unfortunately as not every coach considers themselves a marketer, they miss out this vital step in the process.

Without going into too much detail unnecessarily, here is a list of the other modules within HTC™ 3.0, in the hope they give you ideas for your own course.

Module 3: How To Close Anyone, Anywhere, Any Time

Module 4: Power Persuasion: Psychological Tricks & Tactics For Getting People To Say “Yes”

Module 5: Effortless Objection Handling: 27 Common Sales Objections And How To Respond To Each One

Module 6: Social Selling Secrets: How To Leverage Social Media and Technology To Engage More Buyers and Close Deals Faster While Keeping Your Pipeline Full

Module 7: Advanced Cold Calling: How To Generate Opportunities Without Stress, Fear And Rejection

Module 8: Advanced Closing Secrets Most Business Owners and Salespeople Never Master

The Final Ingredient That Makes For A World-class Program

So what else could your program have besides high-level coaching and a curriculum that gives them everything they need to succeed?

Even if your coaching and course are top-notch, the client experience just won’t be the same without this ingredient. 

I’m talking about Community.

As you’re well aware, you become the people you hang around with the most, and your clients will find great value in having access to a network of people they can connect with on their journey to success.

Our HTC™ Facebook group is full of closers posting BOOM after BOOM, sharing their successes, helping each other out, and organizing roleplays.

Setting up a group is one thing, but keeping your members engaged is another thing altogether.

In our group, we posted regularly and ensured we were active and supportive within the group.

We also asked all mentees to post an intro video and talk about what they wanted out of the program.

Did everyone do it?

Of course not, but the vast majority did, and those who did got the most of their HTC™ experience.

If you’d like to know how to create a highly engaged Facebook group, click here to watch this video by Sunny Lenarduzzi >>

In the video, she covers branding… why it’s important to lay down the ground rules… how active you should be… and much more.

Plus you’ll also get ideas for running a free Facebook group of targeted prospects you can pitch your products and services to.

Bear in mind, we did not allow people to pitch themselves in our group as the main goal for the group was to support each and every mentee in HTC™.

In Closing…

For a world-class program, you need Coaching, a solid Curriculum, and a supportive and active Community.

If you want to know how to create an online course that sells, I shot an entire course that teaches you exactly how to do this.

I’ve included it as a $1,000 bonus along with $4,995 worth of other bonuses for people who sign up to Kajabi with my affiliate link >>

I hope you’ve enjoyed this week’s newsletter.

As always…

Go high ticket,

Dan Lok

P.S. – If you want my help to SCALE, SYSTEMIZE, and SUSTAIN a world-class business that creates identity changes in your clients, then you’ll love the S.M.A.R.T. Challenge™.

It’s our 3 day business immersive where challengers leave with a “done list” of tasks already completed instead of a huge “to-do” list you feel overwhelmed just looking at.

The next challenge kicks off on April 19th and we only run them a few times per year, so you won’t want to miss out.

Click here for the full story >>

Kajabi Mobile App: Course Access on the Go

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I’m excited to guide you through the world of Kajabi’s mobile app and share the best strategies for maximizing its benefits for both your students and you. 

The Kajabi mobile app offers unparalleled convenience and accessibility, allowing students to engage with your courses on the go.

Let’s explore step-by-step how to leverage the Kajabi mobile app and some examples of the best strategies to enhance your course accessibility and reach.

Step 1: Explore the Kajabi Mobile App

Take the time to explore the Kajabi mobile app’s features and functionalities. Familiarize yourself with the interface and capabilities to understand how it can enhance your students’ learning experience.

For example, the mobile app provides a smooth and intuitive user interface, making it easy for students to navigate through your course content.

Regarding your own personal branding.. Kajabi has announced they are beta testing your custom-branded course app. You will need to upgrade to Growth or Pro plan in order to sign up for the Branded App add-on.

Learn more here.

Step 2: Ensure Mobile Responsiveness

Before launching your course on the mobile app, ensure that your course pages and content are fully mobile-responsive. Optimize your videos, PDFs, and quizzes to display flawlessly on various mobile devices, such as smartphones and tablets.

This ensures that students have a seamless and enjoyable learning experience, no matter what device they use.

Step 3: Accessing Courses on the App

Guide your students on how to access your courses through the Kajabi mobile app. Provide clear instructions on downloading the app from app stores and logging in with their Kajabi accounts.

By making the process easy, you encourage more students to use the app regularly.

Step 4: Interactivity and Engagement

Encourage students to make the most of the interactive elements available on the mobile app. 

For instance, they can participate in discussions, take quizzes, and submit assignments directly through the app. 

This level of engagement not only enhances their learning but also fosters a sense of community among your students.

Step 5: Offline Access

Highlight one of the key benefits of the Kajabi mobile app – offline access. Students can download course content and continue learning even without an internet connection. 

For example, if they’re traveling or in a location with limited connectivity, they can still access your valuable content and make progress in their learning journey.

Step 6: Mobile App Marketing Strategies

Explore various mobile app marketing strategies to promote course accessibility.

Utilize social media platforms, email marketing, and blog posts to showcase the app’s benefits. Share testimonials from students who have experienced the convenience of learning on the go using the mobile app.

Step 7: Push Notifications

Leverage the power of push notifications as a powerful communication tool. Send timely updates, reminders, and announcements directly to your students’ mobile devices. For instance, you can send a push notification to remind students about an upcoming live Q&A session or inform them of new content releases.

Step 8: Monitor App Analytics

Once your course is accessible through the mobile app, regularly monitor app analytics. Analyze user behavior, engagement patterns, and app usage to gain valuable insights. 

For example, tracking which content receives the most views can help you understand what topics resonate best with your audience.

Step 9: Gather Student Feedback

Actively encourage students to provide feedback on their mobile app experience. Listen to their input, and use it to identify areas for improvement. 

Step 10: Continuous Optimization

Based on the feedback and analytics, continuously optimize the mobile app experience for your students. Implement improvements to provide a seamless and user-friendly interface. Your commitment to optimizing the app will foster student satisfaction and loyalty.

With the Kajabi mobile app, your courses become more accessible, interactive, and enjoyable for your students, while empowering you as a course creator to connect with your audience like never before.

And don’t forget to take advantage of these amazing offers:

►► Grab your FREE trial of Kajabi + $5,995.00 of FREE bonuses here: https://danlok.com/kajabi/

►► Watch the FREE masterclass on how to get paid for what you know: https://www.getpaidmasterclass.com

To your unstoppable success,

Dan Lok

Want An Abundance Mindset?

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You hear this all the time in the personal development world…

“You’ve got to develop an abundance mindset, and get rid of the scarcity mentality.”

And it’s very true.

It’s your mindset that brings you success or failure.

And society, your friends, family, teachers, and the media have programmed a scarcity mindset into you.

So, it’s your job to deprogram and reprogram your mind with abundance so you can achieve the financial success you deserve.

In this week’s newsletter you’ll discover how to go from scarcity to abundance, as well as get rid of bad habits that keep you broke.

So, please keep reading if you want to finally break free of the scarcity and bad habits almost everyone experiences.

5 Habits That Keep You Poor

This list is not exhaustive, but if you have any of these 5 habits and you can find a way to work them out of your life, you’ll see your financial situation improve greatly.

  • Paying yourself last

    Most people get their paycheck and pay everyone else BEFORE they pay themselves.
    They pay their rent, bills, food, entertainment, phone, etc.

    When they should take at least 10% of their income and save it to invest later.

    When you pay yourself first, you force yourself to live on less each month.

    Your brain naturally works out ways to make this happen, even if you think there’s no way you could live on 90% of your salary.

    So, open a new bank account if you need to and set up an automatic transfer every month so you know you’re saving at least 10% of your income.


  • Accumulating Bad Debt

    Accumulating bad debt is easy these days.

    You’ve got credit cards, interest free loans from department stores, and in recent years “buy now, pay later” services.

    The problem with bad debt is when you already have some, it’s easy to think “What’s another $1000, $2000, $3000?”

    Before long, your debt balance becomes unmanageable.

    So, if you use credit cards, be sure to pay them off within one month.

    If you can’t pay for something twice, you can’t afford it.


  • Expensive Hobbies

    As you may know, I love superheroes.

    I’ve got 3 life size Iron Men…

    A movie grade Batman suit…

    And countless other movie and Bruce Lee collectables.

    I’ve structured my life in a way that allows me to buy those things without it being a problem.

    But, I see many people who have expensive hobbies such as travel, skydiving, or even things like gaming, etc.

    And if you have more than one expensive hobby, then that’s something to be mindful of.

    Because a few hundred dollars here and there quickly adds up over time.


  • Saving Without Investing

    If you do ensure you save at least 10% of your money each month, that’s a great place to start.

    But if you’re not putting that money to work, with the way inflation is going, you’re losing money FAST.

    The best thing to do is to have some money for emergencies, but put your money to work by investing.

    In my opinion, investing in your education, so you can make more money, faster is always a good idea.

    Outside of that, when you have more money than you know what to do with, you can invest in other things like shares or real estate.

    But you’ll ALWAYS get a better return on your investment by investing in your education.

 

How Your Words Keep You Broke

As I mentioned earlier, your mindset brings you all your life results.

And one of the things your mindset is responsible for is the words you say to yourself and others.

Your words are beyond powerful.

And so, copywriters are some of the highest paid people in the world.

Why?

Because they write the words that compel people to buy products and services.

So, in this video you’ll discover 3 dangerous words that keep you poor and why you’ll want to stop saying them TODAY >>

Why a Scarcity Mindset is Bad for Your Business and Life

I don’t care what you apply this mindset to, it will ruin your chances of success in all areas of life.

If you have a scarcity mindset, you’ll think money is hard to come by.

If you break up with your partner you’ll think, there aren’t any other people out there who are compatible with you.

If you’re in business you’ll think good clients are hard to come by.

But here’s what’s funny, by thinking there aren’t many potential great clients or partners out there…

You’re actually thinking there is an abundance of bad clients or bad matches.

You just need to flip that switch and think the opposite.

Using the example above, there IS an abundance of great clients or potential partners.

Of course, this is easier said than done, as a scarcity mindset is drilled into us from birth as I mentioned above.

But there are things you can do to trick your mind into thinking abundantly, so eventually it happens automatically.

Here’s a simple tip I use often that tricks your brain into thinking abundantly >>

Finally, I’ve gone one more very short video for you about how to visualize being abundant, as explained by Dr. Joe Dispenza

Dr. Joe, is best known for his work on how to tap into the limitless potential of the human brain.

So, if anyone knows how to hack your brain for an abundance mindset, it’s him.

Click here to watch his video >>

In closing…

Your mindset, and the habits that come from it are the KEY to whether you succeed in life and business or not.

That’s why I teach mindset in all my programs and trainings in the first few weeks, because it’s that important.

Until next time… to your success,

Dan Lok

P.S. – I created a powerful training available at the Dan Lok shop called Unlock Your Abundance.

If you’d like some help overcoming the mental blocks that get in the way of creating abundance for yourself, then you’ll love this training.

Feel free to check it out here >>

Engaging Students with Kajabi Assessments and Quizzes

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Hello, fellow course creator!

Today, I’ll walk you through a step-by-step process to leverage Kajabi’s assessment and quiz features, creating an interactive and enriching learning experience for your students. 

Engaging quizzes and assessments can boost student participation, improve knowledge retention, and ultimately lead to a more successful course.

Let’s get started!

Step 1: Plan Your Quiz Questions

Begin by carefully planning your quiz questions. Consider the key concepts and learning objectives you want to assess.

Organize the questions into relevant sections to ensure a logical flow throughout the quiz.

Step 2: Choose Question Types

Kajabi offers a variety of question types, such as multiple-choice, true/false, and open-ended.

Select question types that align with your course content and learning goals. 

Mixing different question formats keeps the quizzes dynamic and interesting.

Kajabi provides four distinct question types, each with its own set of advantages and considerations:

Multiple Choice:

Pros:

  • Efficiency: Crafting multiple choice questions is efficient and time-saving, ideal for evaluating a wide range of content.
  • Objective Scoring: Scoring is straightforward as there’s a single correct answer, reducing grading subjectivity.
  • Immediate Feedback: Students receive instant feedback on their performance.

Cons:

  • Limited Critical Thinking: Multiple choice questions may not encourage deep critical thinking or reflection.
  • Guessing: Students can sometimes guess the correct answer, potentially inflating scores.

Checkboxes:

Pros:

  • Diverse Answers: Checkboxes allow for multiple correct options, accommodating nuanced responses.
  • Effective for Concepts: Ideal for assessing understanding of concepts with multiple facets.
  • Flexible Scoring: Instructors can assign partial credit for partially correct answers.

Cons:

  • Complexity: Crafting effective checkboxes questions can be more time-consuming.
  • Ambiguity: It may be challenging to determine the extent of partial credit for complex questions.

Short Answer:

Pros:

  • Open-Ended Reflection: Short answer questions encourage students to provide detailed, open-ended responses, promoting critical thinking.
  • Versatility: Suitable for various subjects, from essays to mathematical problem-solving.

Cons:

  • Subjectivity: Grading short answers can be subjective and time-intensive, as it involves assessing the depth and quality of responses.
  • Varied Lengths: Responses can vary in length, making grading consistency a challenge.

File Upload:

Pros:

  • Multimedia Integration: File uploads enable students to submit diverse forms of work, such as essays, images, or multimedia projects.
  • Authentic Assessment: Ideal for evaluating real-world skills like graphic design, coding, or video production.

Cons:

  • File Size Limitations: Uploading large files can pose technical challenges.
  • Storage and Accessibility: Storing and accessing numerous files may require additional resources and organization.

Ultimately, the choice of question type depends on the specific learning objectives, subject matter, and desired level of assessment detail within your course.

Step 3: Access Kajabi’s User-Friendly Interface

Log in to your Kajabi account and navigate to the desired course.

Click on the “Assessments” or “Quizzes” tab to access Kajabi’s user-friendly interface for creating assessments.

Step 4: Create the Quiz

Build your quiz by adding the questions and answer choices. You can provide explanations or additional information to provide context or reinforce learning points. 

Ensure that the questions are clear and concise, avoiding any potential confusion.

Step 5: Set Grading Options

Decide on the grading system for your quiz. You may choose to assign points to each question, offer partial credit for partially correct answers, or use a simple pass/fail system. 

Adjust the grading options to align with your course objectives.

Automatically Graded:

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Not Automatically Graded:

59EF67E0-D745-4094-BF66-707F99E51C85.png

Step 6: Configure Timing and Completion

If applicable, set a time limit for completing the quiz.

Consider the complexity of the questions and the time required for thoughtful responses. 

Additionally, decide whether students can retake the quiz or if they have one attempt only.

Step 7: Add Gamification Elements

Enhance the learning experience with gamification elements. Incorporate point systems, badges, or progress bars to reward students for their achievements. 

Gamification fosters a sense of accomplishment and encourages students to excel.

  • Unlock Achievements with Badges and Points: Develop a rewarding system where students earn badges and points as they progress through the course. Craft quizzes, assignments, or interactive activities within Kajabi, and utilize its Community product or compatible themes to seamlessly assign points and badges based on key milestones and student actions. These actions can trigger automated responses, enhancing the learning experience.
  • Compete and Climb the Leaderboards: Motivate your students by setting up leaderboards that showcase their rankings compared to peers. Kajabi’s Community product can automatically update these leaderboards as students make progress, adding a competitive edge to your courses.
  • Interactive Learning Elements: Elevate engagement by integrating interactive elements like videos, quizzes, and games. While Kajabi currently doesn’t support interactive videos, you can embed them from external applications. Check out our comprehensive guide on embedding interactive assets into your Kajabi courses for step-by-step instructions.
  • Track Progress Effectively: Kajabi offers standard progress tracking, allowing students to monitor their course journey. Ensure your students are well-informed about how to access and interpret their progress details.
  • Challenge Your Students: Foster active learning through challenges that unlock new content or levels. Design quizzes, assignments, or interactive tasks that students must complete to access further course material. Kajabi’s Community product is a valuable asset for creating and managing these challenges.
  • Reward Excellence: Recognize student achievements with rewards such as badges, points, or certificates. Implement a system that automatically grants rewards upon course completion. While Kajabi can trigger basic certificates through Zapier, our preferred method involves Jotform integration. Embed Jotform forms into your courses to personalize certificates, issue them securely, and ensure one-time use, guarding against unauthorized duplication.
  • Encourage Peer Interaction: Facilitate peer-to-peer interactions within your course by incorporating forums, chat rooms, or interactive elements. This not only enhances the learning experience but also encourages collaboration among students.

Step 8: Provide Instant Feedback

Enable the option for instant feedback after completing the quiz.

Students will appreciate receiving immediate insights into their performance. 

Utilize feedback as an opportunity to encourage improvement and celebrate correct answers.

Kajabi testimonial

Step 9: Review and Revise

Before publishing the quiz, review it thoroughly to ensure accuracy and relevance.

Make any necessary revisions to fine-tune the questions and overall quiz experience.

How to view Assessment results:

Step 10: Monitor Performance

Once your quiz is live, keep a close eye on student performance and engagement.

Utilize Kajabi’s analytics to track quiz results and identify areas where students may need additional support.

By following these ten steps, you’ll be well-equipped to harness the power of Kajabi’s assessment and quiz features, providing your students with an interactive, rewarding, and impactful learning journey.

And don’t forget to take advantage of these fantastic offers:

►► Grab your FREE trial of Kajabi + $5,995.00 of FREE bonuses here: https://danlok.com/kajabi/

►► Watch the FREE masterclass on how to get paid for what you know: https://www.getpaidmasterclass.com

To your unstoppable success,

Dan Lok

Avoid These Huge Money Mistakes…

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Becoming a financial success is actually more about the money you keep and invest than the money you make.

Because it doesn’t matter how much money you make, if you have poor money habits, you’ll never achieve the level of wealth you desire.

So, in this week’s newsletter I’m going to share with you some of my biggest financial regrets, as well as common financial pitfalls you must avoid if you want to achieve financial success.

Why I Was Misguided When I Had My First Taste Of Success

After amassing $150K of debt by my 21st birthday, and feeling completely desperate and hopeless…

I met my first mentor Alan at a business event by a chance encounter.

After convincing him to mentor me, Alan taught me my first high income skill, which I used to open my one man marketing agency.

I began turning my first real profits and made 6 figures as a kid in my early twenties.

While it was great I was able to take care of my mom and finally dig myself out of the 150K hole I’d created…

I had this idea that when you start making a lot of money you should show it off, be flashy, and buy expensive things.

So that’s what I did.

I bought a new car every year.

I’d take people out to dinner often to impress them.

I thought the money coming in would last forever, but I was naive.

Nothing lasts forever.

There’s little point in buying things just to impress people you don’t even like.

And that’s a trap I see so many people in.

What’s worse is many people do this with money they don’t have.

They max out their credit cards, get car loans, or get huge mortgages they have trouble servicing.

So that’s my first BIG financial regret.

I spent far too much money… I didn’t put enough away… I didn’t start investing as soon as I should have… and I made decisions to spend big sums of money based on my insecurities and trying to impress others.

But as you’ll soon see, investing quickly became my second biggest financial regret.

Why Investing Can Become A Trap For Young Players

So, after learning from my first financial regret, I saved up enough money to start investing.

I invested in 10 different companies, as an angel investor.

And guess what…

All 10 lost money!

I actually felt like a “Devil investor” not an “Angel investor”.

I had the “kiss of death.”

It was almost as if every business I invested money into died because of me.

But what I realized soon after was it wasn’t the investments that were bad.

The truth was, I didn’t understand the investments, and that made me a bad investor.

Today, I only invest in things I understand. I like to be an active investor and become involved in the company so I can add value and help the entrepreneur.

This gives me more control over the performance of the investment.

Tip #2 is obviously only investing in things you understand, and is also one of billionaire investor Warren Buffett’s rules of investing.

How To Avoid Common Financial Mistakes In Your Twenties

I think you’ll agree, there are multiple financial errors you could make throughout your life.

Oten, only in hindsight do you realize you’ve either made a bunch of errors or avoided a bunch of them.

So, in order to raise your awareness on potential mistakes you could make…

I wanted to share with you a video by Alex Hormozi, where he outlines 14 different money mistakes to avoid in your 20s >>


I wish I had seen a video like this when I was younger, and even if you’re not in your twenties, it may be a good idea to watch the video anyway, just in case there are money mistakes you’re currently making.

How To Avoid Common Money Mistakes In Your Thirties

Wisdom typically comes with age, but for every new decade you start, there are many money mistakes you’ll want to avoid.

In your thirties you’ve likely outgrown the mistakes people in their twenties would make.

You’re more established, married perhaps, and you have more responsibilities.

So, if you’re in your thirties or nearing your 30th birthday and want to know the 6 money traps to avoid, watch this video here >>

How To Avoid Common Money Mistakes In Your Forties

At this stage of your life, you may have a family to support.

Although your health is always important.

In your forties, you want it to become a higher priority if it isn’t already.

Why?
Because people who don’t make their health a priority, end up spending endless money to buy their health back in later life.

Money they could have invested and grown to take care of them in retirement.

Personally, I made my health more of a priority when I turned 40, and I’m healthier now than I was in my late 30s.

For 5 more money traps to avoid in your 40s, click here to watch this quick video >>

How To Avoid Common Money Mistakes In Your Fifties

One of the biggest money mistakes anyone could make in their 50s is not investing.

If you haven’t started investing by 50, while it’s not an ideal situation to be in, you still have around 15 years before you retire, which is a good amount of time to grow your money and prepare for retirement.

The absolute worst thing you can do is think it’s too late to get started.

You will have to learn how to invest properly, because at this stage of life, your investments will make or break you.

Making a few bad investments will kill your chances of a comfortable retirement.

For 5 more money mistakes to avoid in your fifties, click here to watch this short video >>

In Conclusion, money traps are everywhere, and while things like gambling, living beyond your means, or spending money on things like cigarettes and alcohol are obvious things to stay away from…

Some traps are less obvious, which is why it will pay you dividends to become aware of as many money traps as possible.

I hope you’ve found this newsletter valuable, and it’s given you ideas on what to do and what not to do with your money at your stage of life.

To your success,

Dan Lok

P.S. – As you may know, high income skills are your best bet to increase your income or start a side hustle so you earn more, save more, and invest more.

If you’re ready to take your income to new heights, click here to find a training that would best suit your situation and let’s do this together >>

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