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The Biggest Financial Mistakes to Avoid in 2025 · Earn Your Leisure

• 0:01
  Speaker 1: Earners. What's up.
• 0:02
  Speaker 2: You ever walk into a small business and everything just
• 0:04
  Speaker 2: works like The checkout is fast, the receipts are digital,
• 0:08
  Speaker 2: tipping is a breeze, and you're out the door before
• 0:11
  Speaker 2: the line even builds. Odds are they're using Square. We
• 0:15
  Speaker 2: love supporting businesses that run on Square because it just
• 0:18
  Speaker 2: feels seamless. Whether it's a local coffee shop, a vendor
• 0:21
  Speaker 2: at a pop up market, or even one of our
• 0:23
  Speaker 2: merch partners, Square makes it easy for them to take payments,
• 0:27
  Speaker 2: manage inventory, and run their business with confidence, all from
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  Speaker 2: one simple system. If you're a business owner or even
• 0:35
  Speaker 2: just thinking about launching something soon, Square is hands down
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  Speaker 2: one of the best tools out there to help you start, run,
• 0:41
  Speaker 2: and grow. It's not just about payments, it's about giving
• 0:45
  Speaker 2: you time back so you can focus on what matters
• 0:47
  Speaker 2: most Ready. To see how Square can transform your business,
• 0:51
  Speaker 2: visit Square dot com backslash go backslash eyl to learn
• 0:56
  Speaker 2: more that Square dot com backslash, go backslash eyl. Don't wait,
• 1:01
  Speaker 2: don't hesitate. Let's Square handle the back end so you
• 1:04
  Speaker 2: can keep pushing your vision forward. This episode is brought
• 1:10
  Speaker 2: to you by P and C Bank, a lot of
• 1:12
  Speaker 2: people think podcasts about work are boring, and sure they
• 1:16
  Speaker 2: definitely can be, but understanding of professional's routine shows us
• 1:20
  Speaker 2: how they achieve their success little by little, day after day.
• 1:24
  Speaker 2: It's like banking with P and C Bank. It might
• 1:27
  Speaker 2: seem boring to save, plan and make calculated decisions with
• 1:30
  Speaker 2: your bank, but keeping your money boring is what helps
• 1:33
  Speaker 2: you live or more happily fulfilled life. P and C
• 1:36
  Speaker 2: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
• 1:41
  Speaker 2: eighteen sixty five is a service mark of the PNC
• 1:44
  Speaker 2: Financial Service Group, Inc. P and C Bank National Association
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  Speaker 2: Member FDIIC.
• 1:51
  Speaker 3: What's the biggest financial mistake that people should avoid in
• 1:55
  Speaker 3: twenty twenty five?
• 1:56
  Speaker 1: You alluded to it earlier, but I think.
• 2:00
  Speaker 4: Even like some of the conversations I have on social
• 2:02
  Speaker 4: I can tell the people who are really locked in
• 2:05
  Speaker 4: and invest in, and I know some like I got
• 2:07
  Speaker 4: a message from a guy yesterday who commented about, you know,
• 2:11
  Speaker 4: Kendrick destroyed your man Drake on the Super Bowl and
• 2:15
  Speaker 4: his last comment to me in DM was twenty twenty one,
• 2:19
  Speaker 4: And I'm like, you joined stock club in twenty twenty one.
• 2:23
  Speaker 4: Let me see the game, so I quit executed, and
• 2:25
  Speaker 4: you know I didn't have time for it. How do
• 2:27
  Speaker 4: you not have time to get risk to take care
• 2:29
  Speaker 4: of your family? Regardless of what y'all think. Y'all used
• 2:33
  Speaker 4: that glazing word too heavy, and you got a glaze
• 2:36
  Speaker 4: over that network first for you have some of these conversations.
• 2:39
  Speaker 4: But Kendrick and Drake are good. The boy may be
• 2:42
  Speaker 4: a little bit sensitive, but PG.
• 2:45
  Speaker 1: Lane and everybody, I'll talk to you. All of y'all
• 2:47
  Speaker 1: they good.
• 2:48
  Speaker 4: Focus on you, like, eliminate all distractions and focus like
• 2:54
  Speaker 4: my kid just turned ten, Like I remember what I
• 2:56
  Speaker 4: wore when he was born. We're halfway into the decade.
• 3:01
  Speaker 4: Some of you are going to look up and it's
• 3:02
  Speaker 4: going to be twenty twenty eight and you're going to
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  Speaker 4: be like, I don't know what I did with eight
• 3:05
  Speaker 4: years in my life. Lock the fuck in all of
• 3:10
  Speaker 4: these wars and rap beefs, and that's the distraction from
• 3:15
  Speaker 4: your real life. I don't care what you invest in Bitcoin, pallunteer,
• 3:22
  Speaker 4: jail stool coin shot the old boy from Barsool getting
• 3:26
  Speaker 4: that meme coined off trump coin and pick an asset
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  Speaker 4: class and invest into it and perpetuity. People you know
• 3:36
  Speaker 4: how you work so hard, yo, if you're actually a
• 3:38
  Speaker 4: responsible dad, you're going to put it in work every
• 3:41
  Speaker 4: day to provide for your family.
• 3:42
  Speaker 1: I don't care what asset class it.
• 3:44
  Speaker 4: Is, crypto equities, private equity, real estate, your business. Put
• 3:48
  Speaker 4: something and invest into it forever. And if you're not
• 3:51
  Speaker 4: doing that, I know people love to tell you money
• 3:54
  Speaker 4: is not everything, and those will be the same people
• 3:57
  Speaker 4: when you need something, won't give you a fucking dime
• 3:59
  Speaker 4: to help you.
• 3:59
  Speaker 1: In your family.
• 4:02
  Speaker 4: Cost of living is going up, crazy people at eleven
• 4:05
  Speaker 4: dollars eggs okay, then the car and jury conversation and
• 4:10
  Speaker 4: even buying into startups, all of those costs. The cost
• 4:13
  Speaker 4: for the Super Bowl ad was eight million. I remember
• 4:16
  Speaker 4: when two point five was a big number. In four
• 4:19
  Speaker 4: years they have that number being at twelve million dollars.
• 4:23
  Speaker 4: What so much so the Starlink and T Mobile had
• 4:27
  Speaker 4: to partner together, which they already had for that ad.
• 4:31
  Speaker 1: To help drum up what so lock In, lock In
• 4:37
  Speaker 1: is the reason why we do.
• 4:38
  Speaker 4: The show every week to give you this information which
• 4:41
  Speaker 4: other networks don't do. I think we've made invest in
• 4:45
  Speaker 4: the easiest for anybody in the world because the other
• 4:48
  Speaker 4: networks were not giving you the companies where they were
• 4:51
  Speaker 4: going to fall to and where to exit. So for
• 4:56
  Speaker 4: you for twenty twenty five football to what is the
• 4:58
  Speaker 4: biggest lesson?
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  Speaker 3: The biggest lesson, Well, the biggest mistake I think that
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  Speaker 3: people could make is buying a home that they can't
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  Speaker 3: afford or just buying a home that they're not prepared for.
• 5:08
  Speaker 1: That's that's that's the one that prepared for it. Yes,
• 5:14
  Speaker 1: that's that's.
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  Speaker 3: Gonna hurt you more than anything in life, for sure.
• 5:19
  Speaker 3: Seen it happen a lot of different places. I just
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  Speaker 3: saw Cash Doll on Shannon Sharp Show. Yes, her worst
• 5:26
  Speaker 3: financial decision ever was buying a home two million dollar mansion.
• 5:29
  Speaker 3: I think it was in Atlanta, I'm not sure. So
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  Speaker 3: that's that's a tricky one because you think that you're
• 5:36
  Speaker 3: doing something productive, you think that you're actually doing something
• 5:39
  Speaker 3: beneficial when you're buying a home, and and if you're not.
• 5:45
  Speaker 3: That's how we did the episode with Keanu Watson. You
• 5:46
  Speaker 3: should definitely watch it. Things to Know before buying a home. Yeah,
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  Speaker 3: if you don't fully know what you're getting yourself into.
• 5:54
  Speaker 3: What you think, what you think is actually productive is
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  Speaker 3: actually extremely harmful for you in your future.
• 6:03
  Speaker 1: Yeah, out of hidden costs. There's a lot of him costs. Yeah,
• 6:08
  Speaker 1: definitely go watch that episode.
• 6:10
  Speaker 2: And we're speaking from experience, like like like that's one
• 6:15
  Speaker 2: of the things that we get to actually live these things,
• 6:17
  Speaker 2: learn from these things, and then teach these things where
• 6:19
  Speaker 2: most people won't even tell you that it happened, and
• 6:22
  Speaker 2: then you'll just see the outcomes of it. So it's like, hey,
• 6:25
  Speaker 2: hold the data, so hopefully you'll have to go through
• 6:26
  Speaker 2: that like we've always lived by that. I think the
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  Speaker 2: biggest mistake is and this goes into investing, This goes
• 6:32
  Speaker 2: in life.
• 6:33
  Speaker 1: Don't let people trick you out of your position. Yep.
• 6:37
  Speaker 2: The people that are in your ear, the people that
• 6:39
  Speaker 2: are feeding you information, the people that are doing things
• 6:42
  Speaker 2: they want to be in your position. And a lot
• 6:45
  Speaker 2: of times right, and that goes in business. Like I
• 6:48
  Speaker 2: said in investment, right, let's move the market down, let's
• 6:52
  Speaker 2: pull the rug if it's crypto, to get better positions
• 6:56
  Speaker 2: for bigger people with bigger pockets to get in invest
• 6:59
  Speaker 2: and make more money. And when we see it, we
• 7:02
  Speaker 2: leave positions and we say we're never going back, and
• 7:04
  Speaker 2: then we wonder what happened in two years I was invested,
• 7:09
  Speaker 2: so never let anyone trick you out of your position.
• 7:12
  Speaker 2: And I wrote this quote and it kind of fits
• 7:14
  Speaker 2: what we were talking about earlier when we talked about
• 7:18
  Speaker 2: like stay hungry and stay like we always hunting. Never
• 7:21
  Speaker 2: let your achievements block your vision.
• 7:24
  Speaker 1: M hmm great.
• 7:28
  Speaker 2: Never be satisfied with with what's happened. Right, made a
• 7:31
  Speaker 2: few deals, but it's operating like it's one thing to say,
• 7:34
  Speaker 2: it's another thing to live it it. Yeah yeah, those
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  Speaker 2: would be mine.
• 7:41
  Speaker 3: Yeah, yeah, yeah, there you have it.
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  Speaker 4: There you haven't because I think as we have a
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  Speaker 4: desire to, and that's why I always bring up the
• 7:51
  Speaker 4: bank and a crypto point. If three years ago I
• 7:54
  Speaker 4: would have told you that the White House will happen,
• 7:56
  Speaker 4: cryptos are you.
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  Speaker 1: Would have called me crazy.
• 8:00
  Speaker 4: Kudos to Sacks for making that move and on the
• 8:04
  Speaker 4: entrepreneurship level, but we just saw an entire retail community
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  Speaker 4: of crypto advocates get tricked out of their spot by.
• 8:13
  Speaker 1: The banking elite in one year. I never thought, like
• 8:20
  Speaker 1: I knew the little you.
• 8:21
  Speaker 4: Know takeovers gonna happen with JP Morgan, I didn't think
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  Speaker 4: at scale that this would happen.
• 8:27
  Speaker 1: Stay locked in, Stay locked in. But what do I know?
• 8:30
  Speaker 1: You don't know nothing about crypto. I knew that part
• 8:34
  Speaker 1: for in that new twenty K, but we've been here
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  Speaker 1: for it all.
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  Speaker 2: It's crazy like we've been here when it was that
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  Speaker 2: twenty we was here when it was sixteen. So like
• 8:44
  Speaker 2: people who took advantage of that information and actually was like,
• 8:47
  Speaker 2: all right, what they're saying kind of makes sense, or
• 8:50
  Speaker 2: here comes a pull back, This might be a good
• 8:51
  Speaker 2: time to invest. Like the people who took advantage of that,
• 8:54
  Speaker 2: Oh my god, like they're out of here. You're out
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  Speaker 2: of here.
• 8:57
  Speaker 4: I ask you, guys, you guys, have you met one
• 9:00
  Speaker 4: billionaire who came to you and said, I can't wait
• 9:02
  Speaker 4: to sell off these group assets never and they do
• 9:09
  Speaker 4: it in a contract in perpetuity. Shot all the talent side.
• 9:12
  Speaker 4: For those who sound talent contracts, you got to look
• 9:15
  Speaker 4: for those terms and perpetuity that means a whole time
• 9:20
  Speaker 4: frame forever, forever.
• 9:23
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  Speaker 5: Donald J. Trump's leadership. I'm Christy Noman, the United States
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• 10:21
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