Michelle Jacobik is a self-drive entrepreneur and financial expert. She has the grand objective of envisioning aspiring entrepreneurs through unwavering beliefs, mindset, and goals.

From struggling as a single breadwinner to becoming a renowned entrepreneur, financial expert, and bestselling author, Jacobic has dedicated her life to serving as a role model for young entrepreneurs.

Karolina / Pexels / “Succeeding as an entrepreneur is a series of failures.” The Path to Profits

Recently, she sat with a correspondent to share her journey to success. The author of Prosperity After Divorce also shares the insights and lessons she has from her journey to what she is today. There are a lot of points where you can resonate with Jacobik - so long as you have an entrepreneurial mindset.

Whether you are a novel in the field or you are someone who has laid his punches in the marketplace, there are crucial lessons that you can learn from Jacobik. Now, let’s dive deep into her career, ideas, and perspectives and see what lessons we can extract from her experience and wisdom.

1. Live Below Your Means

One of the fundamental lessons Jacobik shares is that, as human beings, we tend to live an extravagant lifestyle. More often than not, we become more inclined towards luxury. This is where the essence of our lives dissolves.

“When I was 21 years old, I was working as an assistant administrator - where I would make $12 per hour,” recalls the emerging millionaire. She goes on to explain that she would spend as if she was earning $70 an hour. “Later on, it dawned upon me that there was something wrong with me,” she acknowledges.

Furthermore, Jacobik asserts that it was not too late when she figured out that despite working as a financial advisor, she was spending the money she didn’t have. “This was the moment when I found myself drowned in serious debt,” Jacobik confesses. It was the moment when she held herself back and thought to herself: “If this is how I progressed, I will be drowned in debts that even my grandkids can’t pay off.”

Andrea / Pexels / Overspending money above your income can drive you towards a potential debt.

So, if you can resonate with this critical phase, hold yourself back. Drag yourself back on track. Remember, it is never too late. No matter whether you are in your 20s or 50s, it is never too late to reassess yourself.

2. If you are looking to Thrive in Business, Keep the “5 Rules of Business” in Mind

Another intriguing message Jacobik shares, especially for aspiring entrepreneurs, is to keep a fair track of what she calls the “5 Rules of Business.” What are those 5 rules, you ask? Well, here they are:

Anna / Pexels / A pristinely clear objective backed by an unwavering roadmap can lead to success only.

• Never start a business without a plan. Only passion is not enough.
• Design a pristinely clear roadmap for your business and run as fast on that road as possible.
• Never ever avoid money - even a single cent. A loss is a loss. Be it of $100 or $100 million.
• Do not let anything overshadow your grand goals and objectives. Anything, she emphasizes.
• Find positive support. Someone who supports you emotionally, physically, or psychologically.
• If you are lucky enough to have that support, never lose that at any cost.