Look I’ll be 100% honest, a lot of people are going to watch this video and they will say “ these things are just not possible, not realistic and really its just stupid”. But some, a few of you guys will say, “ this is a challenge, but it’ll be worth it “.
So I this video, I’m going to give you three simple ideas to building wealth starting with nothing, and obivously, your first step should be to go get some income, and go try to upgrade your skills to make a good amount of money.
????Call Me????: https://bit.ly/30IBr0i
????Second Channel????: https://bit.ly/3c4sVPS
????????????Financial Freedom Course????????????$100 OFF CODE: LONGTERM
Link: https://longtermteam.teachable.com/p/financial-freedom-steps-from-nothing-to-freedom
????MY M1 FINANCE PORTFOLIO???? PLUS $10
Link: https://m1.finance/37SHd4241z-N
High Savings rate 30-50%
This will Help with Investing Money
Retiring Early
And Simple Enjoying life a lot more
What does Mean, How can you do, and why would you want to do it
First it means that if you make 40k a year, you want to figure out a way to live on 20k a year
And I know you might say, I live in New York, I have kids and I have a wife, this Is why its so important to get your partner on the same page as you
For all the single people, you can just make the choice on your own
But Here are some simple tips
Learn to the Baseline Budget : Shelter, Utilities, groceries and transportation
Example: Rent a Room, or live with a decent commute, cancel all your non essential bils, and get good meal prepping rice and beans and lastly get used to driving a beater car
This is not normal, it goes against Amerincan Culture but its whats going to get you their to financial freedom
Why would you want to do this:
The answer is simple, the less money you need to live on
The more money you can Save and invest
And not just that, it also means the more freedom you have to walk away from a bad job
Not getting into Debt
Stress
Bondage ( job and income )
Promotes bad habits
Let Explain Something on Debt that makes us Love it
We can have a reasonable idea of the risk we take (so it makes us feel Smart )
We can get the things we want today without all the savings ( house, Car, clothes and so on )
Its cheap sometimes, Low interest rates, promotional periods
However here is the Catch ( I Call those Snares, or bait )
When I go fishing, I have bait on my hook, and the promise of a free meal is very nice, until boom we pull that fish up and now his our lunch
Samething with debt, and the crazy thing is we also see how so many people get torn to pieces and yet we keep returning it
The smart people that can assest risk go bankrupt, the people that get the things now end working and having no freedom because if they quit the job they cant service the debt and lastly what starts up cheaps ends up taking decades to pay off
But the People that are Debt Free by choice we notice one thing in Them: Freeddom
So the first thing you gotta do to be debt free, is make up your mind about debt ( and decide that you don’t want to get involve with it, because if the goal is only to pay off debt, you’ll be back but if the goal is never to use debt, you wont be back )
To pay it off do these 3 things: call the banks and ask for a reduction on interest rates, pay them off using the avalanche method or snowball method and lastly close all the credit cards
That’s it
Ps. Its okay to buy a house using debt, but only one that’s no more than 33% of your income Net all expenses included, and on a 15 year mortgage
Simple index funds
I have one Investment the s&p 500
It’s a bucket that contains the 500 largest companies in the US
* PRO TIP*
INFORMATION IS EVERYTHING
????1 on 1 Talk + My Budget + Stock Investments????
https://www.patreon.com/tommybryson
????Merch????
https://teespring.com/stores/tommybryson
✅2 FREE AUDIOBOOKS✅
https://amzn.to/2Enayo8¬¬¬
????M1 FINANCE $10????
https://m1.finance/37SHd4241z-N
????ACORN FREE $5????
Link: https://acorns.com/invite/38EYSU
⚡FREE KINDLE UNLIMITED⚡ (traditional reading)
Link: https://amzn.to/2VGbxt9
????????????DISCORD PRIVATE GROUP????????????
https://discord.gg/EcZEHpA
My Camera Gear: https://www.amazon.com/shop/tommybryson
✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w
????All My Social Media????
Link: https://linktr.ee/tommybryson
*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
So I this video, I’m going to give you three simple ideas to building wealth starting with nothing, and obivously, your first step should be to go get some income, and go try to upgrade your skills to make a good amount of money.
????Call Me????: https://bit.ly/30IBr0i
????Second Channel????: https://bit.ly/3c4sVPS
????????????Financial Freedom Course????????????$100 OFF CODE: LONGTERM
Link: https://longtermteam.teachable.com/p/financial-freedom-steps-from-nothing-to-freedom
????MY M1 FINANCE PORTFOLIO???? PLUS $10
Link: https://m1.finance/37SHd4241z-N
High Savings rate 30-50%
This will Help with Investing Money
Retiring Early
And Simple Enjoying life a lot more
What does Mean, How can you do, and why would you want to do it
First it means that if you make 40k a year, you want to figure out a way to live on 20k a year
And I know you might say, I live in New York, I have kids and I have a wife, this Is why its so important to get your partner on the same page as you
For all the single people, you can just make the choice on your own
But Here are some simple tips
Learn to the Baseline Budget : Shelter, Utilities, groceries and transportation
Example: Rent a Room, or live with a decent commute, cancel all your non essential bils, and get good meal prepping rice and beans and lastly get used to driving a beater car
This is not normal, it goes against Amerincan Culture but its whats going to get you their to financial freedom
Why would you want to do this:
The answer is simple, the less money you need to live on
The more money you can Save and invest
And not just that, it also means the more freedom you have to walk away from a bad job
Not getting into Debt
Stress
Bondage ( job and income )
Promotes bad habits
Let Explain Something on Debt that makes us Love it
We can have a reasonable idea of the risk we take (so it makes us feel Smart )
We can get the things we want today without all the savings ( house, Car, clothes and so on )
Its cheap sometimes, Low interest rates, promotional periods
However here is the Catch ( I Call those Snares, or bait )
When I go fishing, I have bait on my hook, and the promise of a free meal is very nice, until boom we pull that fish up and now his our lunch
Samething with debt, and the crazy thing is we also see how so many people get torn to pieces and yet we keep returning it
The smart people that can assest risk go bankrupt, the people that get the things now end working and having no freedom because if they quit the job they cant service the debt and lastly what starts up cheaps ends up taking decades to pay off
But the People that are Debt Free by choice we notice one thing in Them: Freeddom
So the first thing you gotta do to be debt free, is make up your mind about debt ( and decide that you don’t want to get involve with it, because if the goal is only to pay off debt, you’ll be back but if the goal is never to use debt, you wont be back )
To pay it off do these 3 things: call the banks and ask for a reduction on interest rates, pay them off using the avalanche method or snowball method and lastly close all the credit cards
That’s it
Ps. Its okay to buy a house using debt, but only one that’s no more than 33% of your income Net all expenses included, and on a 15 year mortgage
Simple index funds
I have one Investment the s&p 500
It’s a bucket that contains the 500 largest companies in the US
* PRO TIP*
INFORMATION IS EVERYTHING
????1 on 1 Talk + My Budget + Stock Investments????
https://www.patreon.com/tommybryson
????Merch????
https://teespring.com/stores/tommybryson
✅2 FREE AUDIOBOOKS✅
https://amzn.to/2Enayo8¬¬¬
????M1 FINANCE $10????
https://m1.finance/37SHd4241z-N
????ACORN FREE $5????
Link: https://acorns.com/invite/38EYSU
⚡FREE KINDLE UNLIMITED⚡ (traditional reading)
Link: https://amzn.to/2VGbxt9
????????????DISCORD PRIVATE GROUP????????????
https://discord.gg/EcZEHpA
My Camera Gear: https://www.amazon.com/shop/tommybryson
✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w
????All My Social Media????
Link: https://linktr.ee/tommybryson
*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
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