5 Mistakes Photographers Make that Cost Them Money (VIDEO)

If you're just starting your career as a photographer, you're bound to make a few mistakes. And many of those mistakes, just might cost you money. Sometimes, a lot of money.

Photographer Evan Ranft has learned these lessons the hard way. When he first started his business as a professional photographer, he made several poor choices regarding his finances that came back to haunt him.

Luckily for us, those financial blunders led to the following helpful video, titled "Money Mistakes Photographers Make," where Ranft shares advice on how to do things the right way when it comes to your finances.

Here are the five money mistakes that Ranft explains in the video, while noting that they are just his thoughts and opinions, not professional financial advice. If you need that, seek professional guidance, Ranft advises.

#1 Long Term Financial Choice Based on Short Term Gains

#2 Not Saving

#3 Not Setting Aside Money for Taxes

#4 Rates Are Too Low!

#5 Investing Money into the Wrong Gear

Watch the video below and then check out another story from Ranft on with five ways he makes money with his photography. And, of course, go visit and subscribe to his YouTube channel.