What to do when you first start making money....

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Extreme frugality is just subconsciously doubting your ability to continue printing cash

100% agree. It's important to find a good balance between spending too much, and spending too little.

Huge mistake. Prioritize your health. Learn who invest your money you earn AND THEN buy nice things. Yes you should definitely be spending money, but you have to be able to truly afford buying or leasing something.

I got a Rolex after making my first 30k

Who the fuck is this dork?

spend more to create that "risk"

Best of all: Reinvest back into the business.

One thing that isn't talked about enough. I've been told that being young is a trap, and you want all these nice things. But you are only gonna have this energy and excitement now. The only time you can live to the fullest is in the present.