My Paycheck Money Budget Routine (Do This When You Get Paid)
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- Опубліковано 30 тра 2024
- Everybody says the first 1M is the hardest but I think the first 10k is the hardest, because everyone can get to 1k when they get paid but 10k is hard enough but not to hard to make it real challenge.
So just like everybody on the internet has a morning routine, I have paycheck routine or ritual or habit. It's what I did back then and I do now to make sure my money is not wasted. So watch this video and use these techniques to get you to your 10k and when you get their send me a DM I want to hear about it.
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1. Baseline aka Budget:
-One big mistake I made when I first started doing this was
-I would take all my money basically and say I was saving it and then obviously I would need money and dip into my savings
-And before I knew it, I wouldn’t have anything left or I would spend more that I needed to ( I remember back then a need to me was buying a pair sneakers a week, I did it for 23 weeks until I figured out it wasn’t a need )
Baseline: is the amount of money you can Live on Comfortably and maintain it without any problems
-Apartment or Mortgage: For me its $300 a month ( great rule is no more that 33% of your Money ) for me I set aside 3-5% for this
-Utilities: Lights, Water, Gas , Phone Bill, Internet, gym and Health insurance: for me it's $313 .75 ( I cancelled subscriptions, negotiated phone bills and got high deductible health plan to save money )
-Groceries: I spend about $300 a month here also ( don’t cut here first, if you wanna save start at the top with where you live first )
-Transportation: Gas, car wash I spend and insurance I spend $76.67 (having a paid off car, used and reliable helps even if your car year start with a 1)
My base Line is like $1,005.42 ( so first thing I take when I get paid is $1005.42
-If you get paid weekly, bi-weekly or monthly take that money first
-That’s the money you need to live
-If money is left over here what you do next ( if no money is left over, you need cut things out, make money, or get a side hustle )
2. Goal: Short term ( 5 years or less ) and Long term ( 5 years or More )
-So with the extra money I have left over this what I do
-I know people that try to each goal at the same time, that’s stupid
-Do one at a time, what you focus on gets done a lot faster
First Goal is to Short term : BE Debt Free ( all my extra money goes towards paying this )
Second Goal Short term: Save a Fully Funded Emergency account ( once debt free I save 3-6 month's worth of my baseline )
Third Goal Long term: Invest 10-20% into index funds and save the rest to buy a home and pay it off early
3. Routine/Plan
-So in real life this is what this routine looks like
-Let's say I get paid $100 a month total
-My baseline is $70
-I got left $30 ( I use the money for one of my goals, and that’s it )
So the good thing is:
-Because my baseline has my coffee
-My gym and the thing I like I don’t have to worry about feeling like I'm missing out on something
You can make this system even better by adding extra accounts:
-Fun account
-Charity account so you don’t mix things
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The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to get rich.
The best approach for novices is to trade under the supervision of an expert, trust me you will be debt free.
Wish I knew about crypto trading earlier.stock is good but crypto is better. Brace up and get yourself a bitcoin before it's too late.
Crypto is the future, investing in it will be the wisest thing to do especially with the current rise.
Fear is one of the factors that hinder most people to invest into crypto, most people say ignorance.
Recessions are where millionaires are created. I feel for the older generation, but you should do everything possible to double and triple your investments if you are young or middle age.
@David Anderson Boston That’s right, Markt slumps are one of the worst times to withdraw your moneey from the maket. hence i advise getting the guidance of an expert to make this downturn count.
@@dianarabbanii2 Couldn’t agree more Diana, I've been in constant touch with a fiinancial-analyst since covid . These days, it's really easy to buy into trending stock's, but the task is determining when to buy or sell. My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
@David Anderson Boston
Credits to 'Julianna Dawn Morales' she has a web presence, so you can simply just search for her.
@David harkins how is this scam spam still present on youtube in 2023
I accept the challenge
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
Investing in many sources of income that are independent of government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
It's really not easy trading this market. I read a lot of books, tried to study, watch some tutorial videos, did a little demo before funding my account and I still lost a lot. The financial market could be very tricky
wanted to trade, but | got discouraged with the market price fluctuations~>
Trading under the guidance of a professional is the best strategy for beginners.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Bitcoin and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
Firms can be unscrupulous as they prioritize their own commission over your profitability. On the other hand, I prefer working with individual investors like "Helene Claire Johnson", who only take a share from your profits, not your capital. I must say, my experience with her has been exceptional thus far.
Most likely, you can find her basic information online; you are welcome to do further study.
I agree. It took me 3 years to save 15,000, in my emergency fund. I haven't seen 15,000 in three years. Things kept happening. My goal is to replenish to 10K.
You're a responsible adult things come up
don't call it an emergency fund because then you will have emergencies! I call mine my cash reserve xoxo
@@lifewithmargot great point
This may sound funny but pray over your finances the devil can cause our money growth to be stagnant by causing “things to happen “ .#Pray
@@kimberlyjredeemed6113 FACTS
The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?
If you're not who understands strategies to invest, just invest through an advisor, making good profits, avoiding taxes.
Having an investment adviser is the best way to go about the stock market right now, I've been in touch with a coach for awhile now mostly and I made over $800K within a year
This is probably what I should do. Who is your advisor, please?
Lisa Angelique Abel is my Advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
Cant reveal much info,Kate Elizabeth Amdall is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.
I just checked her out and I have sent her an email. I hope she gets back to me soon.
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow
You're right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy, you must be a skilled practitioner.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
Angela Rodriguez Elias is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I looked up Rodriguez Elias using her full name and found her web-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I sent a message and hopefully she responds soon.
I think it’s important to note that this advice can easily be applied to all income earners. It may come off as insensitive but it’s important to garner the habits associated with frugality. To save money is to make decisions on your life and how it’s lived. Be honest with yourself and only spend on things that are important to you. It’s easy to fall in a trap convincing yourself too many things are important to you, however. Create a list of priority, sacrifice what is least important relative.
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
This is really impressive, hope you don't mind if I ask you to recommend this particular professional you use their service? I have quite a lots of difficulty sorting myself out in this downtime.
My advisor is 'Natalie Marie Tuttle'. In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience
Thanks for sharing this. I curiously searched for her full name and her website came up top search. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
*Tommy is beyond amazing. I will tell you how to be rich.*
”When your finance is ignored, lncome will relatively be unchanged.” The Rich attain wealth cause they seek the aid of finance pro(s) to attain wealth but claim to do it all themselves
Never neglect your finance, for lncome will remain stable while expenditures rises. The rich always acquire fortune cause the seek the aid of finance-pro(s) to make their goal a reality.
I obtained massive growth in my finance by varying into packages with the aid of my finance-pro. hereby making my financiaI goal a reality.
sear ch the full name below, lf you care
Rebecca Martin Watson
Badkhrncorp is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
“I got a money routine” has to be one of the hardest quotes i’ve heard, thank you for helping us bro!
I prepare my own food, coffee and snacks everyday without fail, only on rare occasions I go to buy prepared food. I stopped random shopping, only goes to grocery store once a week, to gas station once in 2 weeks. Bought used car n cash, stopped weekend trips and negotiated low mileage insurance. Stopped gym membership and do walking routine and exercise in the park. Payoff my credit card balance before due date. Saved up 65% of my take home pay this way and never been as happy. You see, all the things they advertised like nice house, cars, vacations, etc don’t really make me happy, it’s the simple things, the peace of mind, and ability to share are what truly give me happiness.
Great VRITKN300. you've reminded me of what someone once said Being rich is having money; being wealthy is having time
You should do a new video about Badkhencorp ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
I’m saving and investing around 70 percent of my income in the financial market(high yield etfs, stocks, coins, gold etc) pretty much how I made my first million although with an FA. I have a high paying engineering job, and I live upstate NYC. my expenses are low. I have zero debt, low rent and car paid off. So i can just save. feel lucky at this point I'm actually grateful for Lisa Rosa Cavanagh handling my portfolio,
smart, because if you have stakes in different etfs, grade bonds and others...you wouldn't be pressured to sell during the stock markets downturn
I did read about Lisa Rosa Cavanagh on the web., quite a great resume she has
I also think that we salary earners need to realize that monthly income will not make you rich.
Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.
Zero debt is not good in the business world homie
On my way to $18k in the next 6months. Making just over $5k a month from work and I already have $3k in savings. Gotta admit it VERY HARD trying not to touch it with a partner that isn’t working.
You ain’t lying bro
I don't know your situation, but I hope that your partner gets to work soon. Two incomes is almost a necessity these day. Peace and Blessings to you
Aye bro i don’t seem to be annoying but I’m just curious.. what do you do for a living? Give me the cheat codes
@@de4dbythursday disability support worker. In Australia it’s 5th easiest cheat code with $2k a week easily
@@andrekamara3398 $2K a week but you make $5K a month?
The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean off news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
@@KelvinWallace _>>That's fascinating. How can I contact your Asset-coach as my portfolio is diminish?....
@@MargaretSchwerdtmann My Financial Advisor is “Colleen Janie Towe’’. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
That’s impressive, have you always had a financial advisor?
I started out with a financial advisor called *Sharon Louise Count* Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI.
She appears to be very knowledgeable. I found her webpage and read through her resume, educational background, and qualifications, which were all very impressive.
At 13 years old I sold drugs all the way until I was 22 when I went to prison for 2 years. I had saved 20k 30k over and over while spending extravagantly. Now I would never consider illegal activities for money. Now I work a 9 to 5 and am learning how to budget and save. I live below my means and although it seems impossible to get ahead I don’t have any doubt in myself. Thank you for this wonderful video. And good luck to everybody on their savings and budgeting journey !
13 graduation 🎓 lol
You're very inspiring.the fact you're so young & forthrite & motivated is so encouraging.by the way,I feel another way to create income is to learn new skills& applying them.i believe that things happen when you make them happen,instead of by chance.
But imagine the profit with the 9-5 AND selling drugs
@@marcus-is2nx gotta think of the danger,the risk if they even do that.
@@marcus-is2nx imagine your moms house getting raided with your nephews in it crying terrified imagine sitting in prison wasting your life becoming a drain on everyone you love imagine living in a 6x8 cell having to shit with somebody in the same room everyday living amongst rapists and killers imagine losing everything you’ve ever had…
53 yr old here. I love seeing young people like yourself being "nerdy" with money. Your future self will thank you later, and, you're helping other young people by giving them awesome advice. Great video!! 👍🏼
What color is your Bugatti?
@TllBizzare not now
You are not nerdy, but very mature. Many young people need to emulate you.
We ain't guaranteed tomorrow...I'm living it up now .yolo.
Seen a story. husband worked too much his entire life never spent time with his family says he'll spend time with them when he retires. He died before retiring
@@anon2414well when tommorow comes and you have no retirement you ain’t gonna be to happy
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging. who's the person guiding you?
*Cioffibrown Alison* is the licensed fiduciary I use. he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television.
You can use something else. for me he strategy works hence my result. He provides entry and exit point for the securities I focus on.
blessed to have saved over 10k by 18. started working hard young and just saved as much as i could. now i got a nice chunk to work with.
$6000 was the highest amount I ever saved. Now, I’m down to $3,800 because “life” got in the way.
FACTS
Same keep grinding we will have what we desire one day🙏
Stay strong bro!!! Keep going. That’s how it goes. Ups and downs.
Just don't give up. Keep pushing
Ur still doing good way better than most people I know.i had a settlement that basically spent on my ladyfriend.now,Im being more careful.
When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said...I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss VRITKN300
No one is respected by corporate America.. people still think it's about color instead of poor vs rich.. 🤣🤣
it’s both
lmfao over here still thinking you're a victim in 2023 when everyone kisses your ass left and right and you can be a "diversity" hire.
@@user-bp4qq7tt1u it's both, please dnt pretend, and you do not have to be woke to see this
@@StopMarxism no. Y'all are just simple minded and can't see the bigger picture. They want y'all worried about race and shit. While they make billions every year... Keep arguing about something as stupid as the color of your skin.
Sending this to my 24yr old nephew❤
Man you ain’t lying about the first 10K… i made it to 9K in savings but had to take some out but I’m back on track to get to 10K i just gotta stick to a budget and keep saving
yep budget and discipline you will reach your goal and maybe even surpass it like I did because once you get up to 20k you will never look back and never allow yourself to drop below that 20k
Don't worry! The point is you had it and when a problem arrived, you didn't go into debt to handle it. Focus on increasing your skillsets so you can earn a higher income. It's the fastest way to your first $100k net worth.
Great VRITKN300 . I suffer from a condition where I fall asleep anywhere. I can’t work full time and I had to work part time to raise my kids . This helps a lot
Narcolepsy
Stfu bot/scammer
I completely agree but honestly, for me the first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 55 and have a decent $1.2M nest egg. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
I also think that we salary earners need to realize that monthly income will not make you rich.
Please how did you do this? do you use an fa? and if you do please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made over $200k during this red season. I need such luck for myself and my wife lol
@@robinsonbaker1963 lol sure i do and her name is Olivia Rene Reyes. You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.
@@harleycartley3138 Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.
@@harleycartley3138 I did read about Olivia Rene Reyes on the web, quite a great resume she has
Got my first 10k! It feels amazing. I’ve changed my spending habits and it’s made the biggest impact. I love videos like these.
WhAt did u do ?
"I’ve changed my spending habits and it’s made the biggest impact."@@Gogetta2
Congrats! I'm almost there 😁👍🏻
I’m 31 and most money I had saved in my savings was 30, these concepts only work for people without kids, I have 4 kids , with them rent and bills , I struggle to save money now, I wish I knew stocks or something good to invest to start doubling my money
@@robertvega3078what would you do if starting again?
I haven’t gotten through this whole video, but the fact that you acknowledge that your living budget should include creature comforts, like getting a coffee in the morning, already makes this video more valuable to me than any advice from financial course teachers, those “how to get rich” videos, or any of those investing UA-camrs who say buying a coffee every day is why people are poor
Not buying coffee should be so personal.... I can go fine without coffee but other people cannot function. But that being said I think when those people talk about coffee they are talking about paying 10$ for coffee or things like that.
this!
@@rsevn I take a bike to work every single day it takes me 45 minutes , so from 6:30am-6:30pm and get home by 7:40 ish I'm definitely saving up my money I'm car sick so that's why I'm scared to buy a car I been in death situations in a car but hopefully one day I overcome that cuz I definitely would like a car
ppl will spend $150-200 per month on coffee from the shop instead of making their own for cheap lol
I agree and understand what you mean. But if you want to save any more money buy a keurig or a cheap coffee maker.
One important thing is to be in a relationship with someone who shares the same spending/saving values. If your partner is bad with money they will negatively effect your efforts in saving money. You will resent this and it will kill the relationship in the end
Great video ! I’m working two jobs right now, full time carpenter during the day and I own a Muay Thai gym. We’ve got a baby coming in a few days as well so working the 2 jobs has been huge. I’ve been saving lots this year, been putting away just over $800 a month. I’m really trying to save up $10K this year.
I’ve been focused on work, the teaching at night time and want to start to start teaching more private lessons. I feel I’m doing pretty good and happy to be saving these days, but really want to do better always. Right now saving $800 a month, I want to be able to save over $1000 a month. That’s one of my goals.
Love the video man, thank you for this
You should do a new video about search VRITKN300 ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
I love how you never cut the video, makes it a lot more personal and enjoyable
I totally agree with what you are saying ....
First video I’ve seen from you and this was great. I’m working towards my first 10k. I can’t even imagine 100k let alone 50k. I’m stuck in an endless loop of wishing I had what others have. I wish it was easier to figure out what to invest in or where to put my money but I guess I just need to trust the process.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
The pandemic came and taught everyone the importance of having multiple stream of income, unfortunately having a nice paying job doesn't mean you are financial secured anymore. So we all need to put in an extra-income earning chance, like investments.
I agree with you, Covid taught us the importance of having a plan "B" income. You are not safe with just one paying job, when nobody knows what will happen next. Look at what happened to so many of u...
Job will pay your bills, business will make you rich but investment makes and keep you wealthy, the future is inevitable 💵
Investment is that tiny line that separates the RICH from the POOR. The foolish from wise sorry to say. I can proudly say I am wise today because I can provide for my family through my investments.
These are what beginners do think, me too I used to think the same way... Thank God I met Mrs Camille Anne Hector...she helped me in trading and inculcate how the market works..
I've watched so many videos from other sources and read many different things on ways to save and how to get out of debt and for the first time I can say Tommy's simplicity and the way he explains things it finally hit me. Thank you so much for all that information and knowledge
Congrats Tommy. You're blessed. And now you get to share some of that wisdom.
Thanks for the insight, but I'm still confused why Bitcoin and crypto prices keep dropping? This drop follows a number of other significant drops in recent weeks. I still hold enormous value of cryptos and it scares me. Whats your take on this?
I would advice you to trade your assets rather than hodl for a future you aren't sure about, only predictions.
The best technique to use in the crypto market is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed
Amazing, But getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
@@graceandrew3526Actually an pro-broker Mrs Shirley is the mastermind and the best in crypto world that's while I invest in some real estate with the profit I make.
The crypto market has really made a lot of people rich.
This is by far the best video i've ever watched on budgeting and personal finance!! Thank you for uploading :)
this is great. I'm really just commenting this so the algorithm puts more of your videos on my dashboard, because this is great
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
i officially accept this challenge. i’ve been able to save for previous goals, like a car and all other expenses that came with rebuilding the one i wanted. this doesn’t feel that hard it’s just the procrastination because i felt comfortable because i always have a lil sumn tucked away for emergencies. But i want more 👹
I’ve been saving five dollar bills whenever I get them. Sometimes I make it a winter activity, then I use them for garage sales or I see how many piles of $100’s I can gather. It’s a pretty easy way to start saving and they add up quickly.
I accept the challenge I watch multiple of your videos and now I’m ready to do the work
This was a man excellent video. Thank you for this. I’m tired of being on a loop, and will apply your advice. 💛✨🏆
On this day august 10 I am going to take up this challenge. Will be back when I save the 10k.
💯
Did you save the 10k
Good luck buddy!
Smart person you are!
@@Jonathan-pr6de almost there
Thank you for your explicit content.The most interesting about BTC right now is that it is in the process of retesting the quarterly mid range area as support on the weekly timeframe. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets.
Yes makes a lot of sense, one of my goals is to be financially free. I say that to say because in don’t have a baseline yet but I get started . It’s up from there.
SENSE. Thank you. Glad I’m subscribed to you.
You are a perfect teacher! Thank you for explaining this, I can see the light at the end of the tunnel now. I'm going to get started tonight because you make such sense that I know I will success.
I prefer 30 year mortgage simply due to the fact that well if I want to treat it like a 15 year old mortgage I can do that just double each payment however if I ever run into a difficult month for whatever reason in the next 15 years I can simply pay the 30 year payment save some money and be just fine.
Thats why we save 6 months worth of emergencies before buying a house
@@TommyBryson Great advice but being in expensive California I agree with the 30 year mortgage since you can always double up payments or if you get a large inflow of money such as stock gain or stock options at work you can pay down at your leisure instead of being obligated. Life happens.
It does strap up more money. But, you pay much less in interest too.
If you double your payment every month (including your escrow) you'll have a 30 year mortgage paid off in way less than 15 years.
All your steps made sense- thank you!
Keep up the amazing work!
I agree this is the exact plan i am using for my payday- Also, paying off debt with a single income which isn't a lot but still can't believe once i got aggressive with paying off debt - in just 7 months paid off nearly £4000!! and saved money as well. Its all about how bad you want to reach that goal!
Man I’m like you right now . When you really decide to pay off a debt . You became crazy saving money 😅😅
That's amazing! It doesn't matter if its a lot or not. Don't focus on the amounts but what you are building. Set that financial foundation (good credit score + 6 months of expenses saved) and knock out that debt. Then focus on the investments. Don't forget to invest in yourself. Increase your skills and knowledge so you can earn more money. Income is the number one determinent of wealth.
Bravo Mate!!!
This def made sense to me and I will start applying this to my everyday life. Thank you for the helpful tips!!
I ALWAYS CIRCLE BACK AND REWATCH THIS EVERY NOW AND THEN. BECAUSE THIS CHANGED MY LIFE ON 1 YEAR
Great tips! Thanks for sharing!
"When you get a raise, DON'T INCREASE YOUR BASELINE" 💯💯
Working on putting together 10k as we speak, & low and behold this video shows up on my timeline! Great video, continue to motivate and inspire!💥
💯 Spot on. They need to teach this in middle school and high school.
SENSE!!! You’re a wellspring of knowledge. Thanks for sharing!!!
This was simple advice, but easy to follow, and it made sense. I am going to focus on my financial goals differently thanks to this video!
This is the best advise I’ve heard among all other videos from how to get rich gurus. Very practical too!
Makes sense brother man I'm happy to learn your method
I needed this!🔥
Tommy, thank you for all that you do & all that you are 🙏🏿 Sense!
First of all, this video is a banger especially for freshers like me who have no idea as to where to start when it comes to savings. Just wanna say this video is helping a lot.
Just subscribed...financial freedom is the way to go, I'll be binging your videos this is what I need right now
Keep doing your thing man
Thank u for update video ❤️❤️❤️❤️🔥Been waiting for this 2022 budget video 💕U taught me everything I know now when it’s come to Paying myself & retirement 💯
You got this
@@TommyBryson hey Tommy how much do you spend on your car insurance. My car is also paid off and do you live in the United states and what kind of car insurance do you have meaning your option do you have.
All makes sense. Great vid!
When I seen your car so much respect was built. Thank you for being humble
Great video and advice. Well done. Thank you.
Anyone who is not investing now is missing a tremendous opportunity .
I totally agree! Investment with an expert has also changed my life financially and I have heard a lot about investments with Mrs Angela Cole Carr and how good she is,
I totally agree! Investment with an expert has also changed my life financially and I have heard a lot about investments with Mrs Angela Cole Carr and how good she is,
Wow, so delighted seeing my broker talked about on UA-cam, This was exactly how i got recommendation about Mrs Angela Cole Carr, At first i was a bit skeptical but eventually i gave her a trail with my little investment i got huge profit
No doubt... There are quite a few sincere
expert though
Thanks for the information
So, so, so smart to pay off debt and not go back in debt no matter what. Thanks for the info! Student loans and vehicle loans are what keep people in middle class their whole lives!
Tommy, love your content and knowledge based concepts!
Sense! I'm up for your challenge. Let's go!
Just hit 30k. Did my first 10k net check last month and saved 7k of it
This video just helped me a lot 🙌🏾
Sense, thank you so much for this video I have been going through a lot and you have provided a beyond miracle clarity. I promise to keep you posted and keep in contact. Thanks again! God bless you, stay safe!
Thank you so much for this knowledge !!
I watched a lot of budget videos but this makes so much sense and is so simple. Baseline living 70% 20% savings and 10% goals. Love that. Still in the debt paying off process but I like to look toward the future and map it out. Thx for the inspo
I used my money for xxx like you said 😈
if you want to give yourself the largest raise you ever had... payoff all of your debts. All of those previous
debt payments will now become investment payments. The borrower is slave to the lender. Stop
being a slave. Proverbs 22:7
Facts!!!!
im planning on moving out in the next year, im trying to learn to budget now before it’s too late but HOLY… this video made me feel like i can take over the entire industry.
Thank you. This video is helpful in setting goals!
Thank you you’re the only person online that makes sense everybody always talking about OPM I love your debt-free mindset thank you thank killing my debt to build my net
Thank you brother, this is super helpful.
Great info & video 👍🏾💯🙌🏾
I’ve been using this strategy for years and I’ve been debt free for years and a great savings…but I do rent but I’m grandfather in in which all utilities included in the rent living in the heart of downtown Detroit….great job tommy
Every time is a good time to invest!
Investment is n ot a game of chance or
luck like the lottery, rather it involves
critical reasoning, planning, and diligence
and focuses on achieving the major goal
(PROFIT). Notwithstanding, one should put
into consideration that various externalities
may occur during the investment period
which could result in a high yield in profit or
loss.
Investing in cryptocurrencies means
facing great volatility. But that is exactly
what makes trading cryptocurrencies
interesting for certain trading
instruments, such as CFDs (Contracts
for Difference).
Anyone who wants to be successful in
life should first have the mindset of the
rich Spend less and invest more Don't
give up your dreams
If you believe in the future then you will
know that indeed Bitcoin is the fu
To me, trading the forex and crypto
market is way better than any online
investment
Nothing beats engaging an expert in
any trade, selfishness and greed have
deterred many from doing the right
thing and they ended up running a huge
loss
I love this video. Everything simply explained. Thank you so much
I’m in the first step! Establishing a baseline that will enable me to get rid of my debt first and foremost!! It’s hard, as it requires consistency but I’m willing!! Boy am I willing!!!
Great tips,and very practical.
I accept the $10,000 challenge! My goal is to get it done by March 14th!
You'll get there, if not 10k plus!!!👏🏿👏🏿
I saved that within 4 months by
1. Cooking at home rather than eating out
2. Reusing crotchet braids other than buying new ones
3. Ignoring family and friends during that period
4. Riding the free bus instead of driving
It can be done...just think about the things that cause you to spend alot and cut down on them .
@@littlemissSporadic thank you, that’s super smart! I’ve cut down on eating out a lot and minimize on any unnecessary expenses and buy cheaper brands on necessities
I am ho happy you popped on my suggested page I am getting paid next week and i will use this method from now on. Thank you
That makes a whole lot of sense thanks