The Level Up Podcast w/ Paul Alex - Financial Focus - The High Cost of Losing Money While Chasing Relationships

Episode Date: June 13, 2024

In Episode 77 of our podcast, we tackle a crucial topic for aspiring entrepreneurs and young professionals: the high cost of losing money while chasing relationships. We'll delve into the importance of maintaining focus on your financial goals and the potential pitfalls of diverting too much energy into relationships, especially the wrong ones.“Your Network is your NETWORTH!”Make sure to add me on all SOCIAL MEDIA PLATFORMS:Instagram: https://jo.my/paulalex2024Facebook: https://jo.my/fbpaulalex2024Youtube: https://jo.my/ytpaulalex2024Linkedin: https://jo.my/inpaulalex2024Looking for a secondary source of income or want to become an entrepreneur?Check out one of my companies below to see if we can help you:www.ATMTogether.comwww.Merchantautomation.comFREE Copy of my book “Blue to Digital Gold - The New American Dream”www.officialPaulAlex.comLeave a review, like and share to help others and let’s level up together!

Welcome to the Level Up Podcast. I'm your host, Paul Alex. I went from being a cop to an eight-figure entrepreneur that helps average people like you and me make money every single day. I created this podcast to help you get motivated and to crush your goals. Let's win together.

Remember, I have your six. Get ready to level up right now. All right, so I wanna talk about the importance of maintaining focus on your goals and the consequences when it comes to actually putting energy into relationships, but then also putting energy into the wrong relationships. So it's not uncommon that I hear stories all the time from my friends, from my family, and especially younger entrepreneurs who lost sight of their financial goals due to personal distractions. And I'm

talking about men and women. Okay. So while it's perfectly healthy to seek companionship, especially in 2024, guys, nobody wants to be alone, right? So problems arise when the pursuit starts costing more than just a dinner date and gifts. It's about when chasing relationships starts to impede your ability to focus on financial growth and personal development. So let's talk about the financial aspect first. It's easy to underestimate how much money can go into pursuing relationships, whether it's extracting dates, gifts, taking them out, renting a Lambo. I mean, I've seen it all. It's some crazy shit.

But look, guys, this is the money that could have otherwise been invested back into your business, your savings or your personal development. So if you don't have the funds to date, then don't date. Focus on building a business. Focus on your nine to five. Focus on you first. At the end of the day, look, they're going to find out if you're trying to keep up with the Joneses. And a lot of people are doing this right now.

Okay. Ever since I got to Miami, I see these young 21, 22-year-olds driving supercars that are worth $200,000 to $400,000. And I know the true cost of this. Okay. Because I own a few. So at the end of the day, it's just like there's no way i'm like there's no way where do they live at oh yeah i got a one-bedroom condo in brickle come on that doesn't make sense right driving a 200 to 400 000 car and then you know you're living in a one

bedroom that that doesn't add up so at the end of the day if you don't have enough funds go ahead and date guys do not date right now and focus on your financial endeavors. So from my own experience, transitioning from law enforcement to running multiple businesses, every dollar mattered to me. Financial discipline was crucial to my success. Early on, I learned that being financially prudent wasn't just about saving money. It was actually just making sure that every expenditure that I spent money on brought me closer to my goals. Beyond the financial costs, there's a significant emotional and mental price to consider as well when you are getting into a relationship, when you're trying to build your business, or you're trying to level up in your funds. When you're focused on chasing either women or men, especially

if you're not aligned with your long-term goals, you risk emotional burnout, guys. And this is what happened with me in my previous relationships where I was a highly driven detective. I was working 80 to 100 work weeks, but then I had a very stressful relationship. So there'd be days where I couldn't even focus on the job that I was doing in front of me. And I would just sit there for like an hour or two on my desk and be like, damn, like I can't even think right now because I was so emotionally drained from my personal relationship. And I know for many of you that are listening to this, you guys have either gone through this or your experiences right now. So what I have to tell you as a friend, right, is to go ahead and actually just revisit your entire perspective on life right now.

And you got to really choose what is it that you want for yourself in life in the next year? Do you want to be financially secure or is it that you want to get either married or you want to be in a serious relationship? Because if that's the case, then you got to find the right person. Right. Or if you want to be financially secure, you got to focus on that. You got to let go of trying to find a mate right now, okay? Just for the short period of time. And this is more for your livelihood for the future. So how can you balance personal relationships with maintaining your financial goals? So first is first, guys. Look, you got to set clear boundaries for yourself regarding how much time and money you're willing to invest in relationships. It's not about being

stingy or broke or brokey or unromantic, but it's about being mindful of your resources. Communication is also key. Being honest with your potential partners about your ambitious, your financial priorities can set the right expectations from the start. Look, if your partner is a good partner, they're going to understand that you're trying to level up. They understand that it's going to take energy. It's going to take money, saving money to go ahead and actually build a business or to invest into assets that are going to pay you guys, right? For you and your future family. So at the end of the day, you don't want to get into a relationship with somebody that's just there to spend, spend, spend, and then they're not thinking

of your financial future. So relationships that respect and even share your driving goals are the ones that will help you grow, not hold you back. It's also important to remain focused on personal growth, investing in yourself, whether that's through self-education, health, or setting for future financial goals, will not only make you more successful, but it will also be more fulfilling and frankly, more attractive to a partner. Because look, guys, I'm going to be honest with you. Look, even if you're a good looking gal or dude in your 20s right now, I mean, you guys haven't hit your peak yet. You're going to go into your prime like in your 30s, okay? Your prime is just like your 20s, except you got money if you focus, okay? So just wait.

It's not that long. The 10 years is going to go by fast. Just focus on what you've got to do to go ahead and build a sustainable source of income for yourself and for your future self. Okay. So when you're balling in your thirties, Hey, you're going to be like, damn, I'm glad I listened to Paul. You know, now I'm balling. Now I can find the right partner that I'm going to attract a high level individual like myself, and I'm going to be happy. So always keep your long term vision in mind, remind yourself regularly of your goals and assess whether your current relationship and spending habits are supporting those goals as well. So if they're not, it might be time to

rethink how you're allocating your resources. Okay, guys. So I'm here to remind you while relationships are important in life and it's fun and all, they shouldn't derail you from your path to financial independence and personal success. So you got to stay focused, you got to invest wisely, and remember to balance every aspect of your life with the eyes on the prize. Let's level up. Remember, I always have your six. Make sure to share this episode with your family, friends, and anyone you care about. The world's already hard enough and we need to take care of each other. Make sure to share this episode on Instagram, Twitter, Facebook, and share it with the world.

Do me a big favor and tag me, Paul Alex. Also, keep the five-star reviews on iTunes coming. This episode is going to help change the way the world thinks and will help everyone level up in their life. And lastly, if you want to continue to level up, learn more about business and life, then make sure to get a copy of my book, From Blue to Digital Gold, The New American Dream, on Amazon or at officialpaulalex.com.