How to Successfully Manage Your Money

Today Habib and Greg talk about how to manage your money for financial success as well as the common pitfalls that can set us back into debt.

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“How do two brothers get into the nail care business?” This is the single most common question people ask us. There’s a long and rocky version but we’ll give you the short one. We have our fearless and unconventional mother, Young Salo, to thank. With a single-minded entrepreneurial spirit, she decided to start her own business at the age of 49. She had a passion for the nail industry and we did everything in our power to support her. In the end, this is a family business.

Greg, the older brother, became a licensed nail technician after switching gears from fire fighter’s training. He is energy personified and has a true passion for developing the best professional nail care products and education. Habib is the younger brother. He jumped in a few years later; taking a detour from medical school and a life in music. He brings his own creative mind for business, marketing and strategy. Unexpectedly, we are a perfect team.

Today, more than 20 years later, Young Nails Inc., is a professional nail care manufacturing company exporting to over 40 countries worldwide and distributing domestically to over 3000 stores. We’re respected for our next-level product innovation and education. Our mission is to bring you the best quality products and we’ll show you how to use them with incredible results. It’s really that simple.

Welcome to the Young Nails family!

#biztalk #finance #nailpro #moneymanagement

[sophiaisabella]

Habib being a teacher makes so much sense!! Such a friendly outgoing guy

[hannahayoung]

I adore all of you and your crew at young nails. To take the time to want to help other people and make sure they don’t make the same mistakes is the sweetest thing. Most people could care less about helping others and want to see them fail. Bless you guys! I’m so happy you guys have come so far and are so successful! I hope one day I’ll be as awesome as you guys!

[Janasnailbiz]

You guys are such awesome entertainment, enjoyed the story about your wife! I can totally relate in a way. I just budget well now (took me a while to get a system down that works with my brain) and keep tabs on everything. We have learned that we are being self reliant as a family through a colored excell layout for bills and paychecks and separately a self reliant business keeping accounts separate, tracking keeping reciepes, expenses, earnings etc. in a book, and to not stress in the process:) different ways work for different people, this has worked and feel secure about it, except my spending problem with what I want verses need ha ha!!

[erinuk]

And yes right now it's very hard times we are all going through

[ritaburnett]

I just wanna say Thank you! 😊 I have been hooked on all.yoir videos I'm new to this whole thing but I will be getting my keys to my first suite on September 1st and I just been watching all your guys is videos when I wake up when I go to sleep everyday thank you

[Ezster]

I follow Dave Ramsey for the baby steps and debt snowball. I was horrible with my finances, now I have a good handle on them.

[andreacavalcanti]

For me the only way for me to make more money was to go back school and learn aesthetics, because I realized that just being a nail tech isn’t enough to make a living. It could be but then you’d be working almost 24/7. And I wouldn’t wanna do that. So doing more services that take less than an hour is the key. Think about how many brow waxing you could do in a day and how much it cost for each one. Or facials. And they’re so easy to do.
Right now I’m doing just that. I’m school again, I already know how to do nails but still don’t have a clientele. So I’m working part time at a retail store and studying and maybe find some time in between to do nails at my old job. The only thing that sucks right now is that I can’t spend as much money as I use to. It’s so hard because I work in the mall and it’s so tempting to go for a coffee after a hard day of work. And I’m a big amazon shopper so that’s another thing. I’m always buying stuff I need for nails and now with the holidays coming up it’s getting harder.
But honestly once I’m done school I’ll hopefully be making a lot more money than before and go back to my old ways where I’d shop shop shop.

[debbiedluxemanicure]

Just started doing nails but got a business degree for years...so happy I do it's quite the business plan you need

[flatbrokeatfifty]

I know it's not popular right now, but I withdraw what I can spend in cash so I can see exactly what I have and whether I can buy something or not. All my expenses like rent and bills are sent automatically electronically so any money that is left in my account can go straight to savings. Sometimes even though I alllowed for unexpected things some others come up and overall I'm in a much better position now than I was a year ago

[andreacavalcanti]

For me the only way for me to make more money was to go back school and learn aesthetics, because I realized that just being a nail tech isn’t enough to make a living. It could be but then you’d be working almost 24/7. And I wouldn’t wanna do that. So doing more services that take less than an hour is the key. Think about how many brow waxing you could do in a day and how much it cost for each one.

[jessicar]

I have been using a great budgeting app the past couple months. It teaches you to budget only the money you have in your bank account right now to help pay essentials and not overspend. It’s called you need a budget or YNAB for short.

[christinepouliot]

You guys are the best. A serious and much needed topic but you always give us a chuckle while doing so.

[britt]

It's like you read my mind. Thank you for this

[pixienails]

Omg habib!!! I did it !!!I made my first nail video...without you guys I would be never had the balls to do it! I even got 2 subscribers today!!!!by the way... Awesome advice in your video as always

[tiabryce]

You two are such a great team especially as brothers. Love YN ❤️

[GraceSoto]

OMG two of the most nices smartest and awesome guys thank you so much for all you do for us blessed all of you always ❤️❤️❤️

[HOLLYWOOD-pwkz]

Right on time, tysmfs 😉
Stay safe and stay healthy!

[erinuk]

We should tighten our money for things we need

[kleesnailtreasures]

Absolutely love this topic. Thanks guys. Xx 💋

[ExoticasEmpire]

Awesome topic and very very helpful guys thanks so much for sharing much love always 💅💕💕💕