How to upgrade your life in a responsible way without going broke.



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Chapters

00:00 Start Here
00:56 Can I Afford This Upgrade
02:11 Why Am I Upgrading
03:30 What Are The Most Important Pieces To My Upgrade
04:51 How Can I Maximize My Money Spent
06:22 Am I Over Upgrading
07:42 What Are Other Costs Associated With The Upgrade
09:00 Is This Upgrade Sustainable In The Long Term
10:19 Am I Upgrading Too Quickly

As you get older and start to make more money, your standards will get higher and you will want to upgrade your life. Sadly, when many people upgrade their lives they run into financial problems. You can avoid these problems, however, simply by asking yourself questions. In this video, I talk about 8 questions you need to ask yourself before upgrading your lifestyle.

1. Can I Afford This Upgrade?

This question is very obvious, but often people don't ask themselves if they can afford to upgrade something in their life before doing it. Before you upgrade something, it is important to look at your finances to see if you can afford it and it won't cause you financial problems.

2. Why Am I Upgrading?

Another obvious question that people don't often ask themselves is why exactly are they wanting to upgrade something. Many people choose to upgrade things in their lives for no reason other than they aren't thinking. Before you upgrade something, it is important to understand why exactly you want to upgrade your lifestyle.

3. What Are The Most Important Pieces To My Upgrade?

A common problem people face when they upgrade things in their life is trying to have it all; however, unless money is no object, you will have to prioritize what you want and what you'll be fine going without. Before you upgrade something, it is important to prioritize what is most important to your upgrade and what you are fine with going without so you don't overspend.

4. How Can I Maximize My Money Spent?

When you are upgrading something, it is important to get what you want, but it is also important to make sure you are maximizing your money being spent. If you do research beforehand and look at all your options, you can find options where you get more for your money. So before you upgrade something, look at all your options and choose the option where you get the most for your money.

5. Am I Over Upgrading?

Oftentimes when people upgrade things in their lives, they overspend on getting features they won't use. An example of this is getting a car that has features that go unused with your lifestyle. Before upgrading something, be practical and get exactly what you need rather than getting things you won't use.

6. What Are Other Costs Associated With The Upgrade?

Oftentimes when people upgrade things in their lives, they focus on the single thing they're upgrading and overlook the other costs associated with the upgrade. Before upgrading something, is important to zoom out and look at the big picture of all the other costs that you will encounter with your upgrade.

7. Is This Upgrade Sustainable In The Long Term?

The thing about upgrading your lifestyle, is that once you have something nicer or of higher quality, it is hard to go back to what you had before. So before upgrading something, make sure that you are financially ready for that you be your new normal or you could trap yourself in a life you can't afford.

8. Am I Upgrading Too Quickly?

When we start upgrading things in our lives, we can often go overboard and try to upgrade everything at once, which can create financial problems. As you're upgrading your lifestyle, don't rush and do it is a sustainable way that will allow you to avoid financial problems.

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