Это видео недоступно.
Сожалеем об этом.
Importance of Positive Cash Flow
HTML-код
- Опубликовано: 16 авг 2024
- Get this super comfortable Flexispot XL6 Recliner here: bit.ly/3ybImmR ($50 off code: YTBXL650)
Cash flow is the net amount of cash that is flowing. All your income added together minus expenses. You must have a positive cash flow for the long term or else you would drain your entire savings pretty quickly.
Do you know your monthly expenses? I recommend to keep track of it and more importantly the core recurring expenses. That's because recurring expenses is used up automatically no matter what you do. Other expenses requires you to conciously spend and thus you can adjust these from day to day.
#cashflow #positivecashflow
#flexispot #powerrecliner
Don’t beat around the bush, beat the bush!
I enjoy a good discussion but I like getting to the point even more.
► More resources at my Patreon: / beatthebush
► Mint Mobile, as low as $15/month: mintmobile.com...
► Moomoo, get up to 15 FREE stocks: Terms and conditions apply j.moomoo.com/0...
► Webull, up to 12 FREE fractional shares: bit.ly/2XwlcQ4
► Get $30 when you spend $30: www.rakuten.co...
► FREE Audible Audio Book: bit.ly/2Z4RrN7
► Build Credit w/ NO Credit by Self-Lending: self-lender.3q...
► BeatTheBush Honey Badger T-shirt: bit.ly/2FBAeLA
Watch my other videos at:
amazon.com/sho...
/ @beatthebush
/ @beatthebushdiy
/ @beatthebushtech
/ @beatthebushfoodntravel
Keep up with me at:
/ thebeatthebush
/ thebeatthebush
/ beatthebush
WARNING & DISCLAIMER:
All published content is for informational purposes only, and any opinions expressed are our own.
BeatTheBush nor his representatives will offer you investment advice, investment services of any kind, and/or legal services. Please contact the appropriate licensed professional for such needs.
BeatTheBush nor his representatives will ask you for any private banking or investment account information. Please safeguard your data against criminal impersonators. Beware of scams often portrayed with misspellings of the social media accounts requesting transfers of digital currencies.
Copyright 2014-2023 BeatTheBush. All right reserved.
![Gunna - today i did good [Official Video]](http://i.ytimg.com/vi/ulGLk8TaXcI/mqdefault.jpg)
I went to Panda Express yesterday and the fortune cookie said "You will get great advice from an old mentor" and your video pops up. Have been watching you for over 8 years and never took any advice. I think it's a good time to start. 😂
If you do not already have positive cash flow, it's a game changer.
I've been a subscriber of yours for so many years now... good to see you back at it! I read rich dad poor dad way back in the year 2000 and it changed my life. People should read the other books as they are or were equally as good. Cash flow quadrant, guide to investing and Retire young Retire rich
Quality content. Thank you.
I started out with a negative in my bank account.
Had a good look at my income and expenditures on the same spreadsheet you showed us.
Took me 8 years and I'm happy to share that the efforts to tweak various spending habits in my life had paid off.
My wife and I paid cash upfront for our house renovation and we have enough to pay fully for our mortgage if we so choose to do so.
Thank you for your wisdom.
Without massive changes in income, one can go from paycheck to paycheck to rapidly growing their nest egg with a positive cash flow. Just cash flow very positive and you're all set.
I think the spending thing has to be learned really young, and you ideally want that to take as little time as possible to automate. You are right if you spend your whole life penny pinching you will just waste time, which is why you have to figure it out as quick as possible so that it almost becomes automatic and you can make quick decisions.
Cleaning, organization, savings, etc these are all things we have to do, but you don't really want to spend your whole life focused on them. The sooner you figure all that out the sooner you can get onto the more important things.
I don't make money taking a shower, but it's still something I have to do. It's all foundational work that we have to do just to stay alive.
Build a strong foundation as quick as possible so you can devote more time to doing the things you want to do, if you don't build a good foundation though you will struggle to maintain a fast paced lifestyle because your weak foundation will begin to crack and it will cascade all through the other things in your life.
Thanks for the update! I remember a previous video you did a number of years ago on your budget... I still reference that occasionally when people ask how its possible to spend so little. If you can do this in SF its definitely possible to be at least this frugal if not more in the midwest. ;)
Love the Cashflow game!
Last 2 min => Insights!
The 200k going down 1k a month wasn’t a great example. That would give you over 16 years to figure something out 😂
True. But you get the idea. If you draw down 200k to 150k in a few years, you would eventually have a drop dead date while in your 30s. Pretty nerve wracking if you ask me.
keep up the great videos! would be interesting to see subscription expenses like costco too.
That's one thing that may actually be worth it to the vast majority, but maybe not if you're a single individual who maybe won't buy enough bulk items in a year to justify the offset cost. Now if you ate your lunch there everyday of the year and got their $1.50 hotdog or pizza haha that's a goldmine.
Building Wealth is a mindset. You can't teach someone to be financially responsible. Often times people always complain they don't make enough money, but they always fail to look at their spending.
People ask how I am making all these Passive incomes like I just went outside and pick up money from the tree. I started investing years ago with 100$ and 1 account. Now I have multiple investment accounts, along with my Roth IRA and 401k.
I hope to teach financial responsibility. I could try to suggest a positive cash flow and maybe it will stick to a few and I'll be happy. =D
Your burn rate is crazy low, well done! I'm curious what your "Extras" look like... subscriptions, traveling/vacations, clothes and products, etc. Thanks!
I don't usually buy clothes but I might have to buy some new socks. $2k in Hawaii for a week. I have no subscriptions.
Health insurance is crazy!!
This is a great video Stan
I don’t know how many phones you have but the chase freedom flex offers phone insurance up to 1k per year
I have one phone. I do not usually buy insurance on electronics and opt for living on the edge. I figure I probably save more overall by insuring myself.
How is possible to live in the Bay Area and only pay $450 a month for property tax and HOA? 😮 My HOA is that much by itself.
$450 a month for HOA is wild!!! What do they do to justify that cost... drive around in golf carts and sprinkle gold dust all over the neighborhood? At that price I would just sell and move to a neighborhood without HOA. Easy $5400 a year in the bank nearly funds a roth IRA by itself.
First, when you buy, look for places with low or no HOA. Once you are locked in, it's a significant drain on cash flow.
Insurance usually doesn't stay down. You constantly have to reshop
Curious which refrigerator you went with for $1,700. Seems a lot of the major brands have a bad recent reputation (not as good as they use to be made etc).
Quick search shows Samsung fridges are poorly engineered. I went with a GE but it was a toss up between that and the Maytag.
The Importance of Positive Cash Flow the board game.
Are you able to save, invest, and enjoy 90% of your monthly income after your expenses? $1550 is amazingly low.
The base burn rate is really not for enjoying, it's just there and burning. Any kind of enjoyment really comes from extra spending like restaurants, vacations, gadgets I buy, etc.
435 for property taxes per month is just so high to me i live in tennesee the property tax on my dads house is a few hundred a year.max
dont you need to add all you paid to get the solar set up done?
Yes, I gave an estimation including wiring and lumber.
No home insurance?
Is Home insurance included in Property Tax?
inflation is a tool for wealth transfer, a feature and not a problem for those in the know
Thank you!
I have the original, excellent tool to help get over the fear of looking at financial statements
I'm 35k in debt and can't get out. Im pretty finance savvy and even worked with people on helping them getting into better fiancial positions but I can't get over this whole. Im tired of balance transferring over and over. Help me long time follower I mean years and years haha
Lower debts and burn rate. Increase income.
I am surprised you'd buy a house in an HOA area. :0 You don't seem the type to pay people to tell you what to do.
Compromises. It's pretty low HOA.
I just lost my job a week ago-this is depressing me, lol.
I thought you might show us your income to see how it covers your expenses.
It certainly covers it but I'm not sure it'll add much value to the video.
Do you feel that Tesla has peaked because the demand for a Tesla isn't as strong as it once was?
It’s easy to get caught up in market sentiments. Im not sure if they will come back but if they miraculously get FSD working then the stock will take off.
I just don't understand how you are getting some of this so low. It doesn't make sense or add up without either paying a much heavier cost up front or severely limiting usage.
It took me many years to lower each category which usually involves some trick or knowledge. I have cellphone bill as an example and I have talked about each one extensively in separate videos. Mortgage? Paid it off with extreme frugality within 7 years.
I love Robert Kiosake and his book Rich Dad Poor Dad. He also wrote a book with Donald Trump. Trump 2024!
Btw, Don't like this tweet BTB. We know you can't with videos on YT!
What does your girlfriend have to say about this very frugal spending habit?
still no kids yet 😂
Unless you’re part of a government contract, none of this matters. Inflation kills everything
Well, I guess you are giving people an excuse to not succeed financially.
Just blame someone else, right?
Of course it matters. You can set investments up so that you beat inflation.
looks like you are single, $200 for one person makes sense