This is a MASSIVELY important video for anyone looking to become financially independent. Let us know what you think below and SMASH that LIKE button :)
This video makes me feel so blessed about my situation. I’m 25 years old, I work 7 days a week and make 34k a year. I don’t have any student loan debt as I didn’t go to college and have been told I have a much better head on my shoulders than people with degrees. I live with my parents and I rarely spend money on anything other than the bare essentials. I manage to save $2,000/mo. and I’m currently saving for my first House Hack. Love videos like this and it’s videos like this that show other people barely even able to rub two pennies together and are drowning in debt on top of it all and can still manage to bounce back is what gives me hope and helps keep me thinking positive.
life is just different for everyone and everyones situation im also 25 years olds i make 50k a year difference is that i have my own place and live in california ( yeah expensive here ) and i dont have the opportunity to live with my parents. so paycheck to paycheck it is at the moment but looking foward to double my income in the near future. im glad you have the opportunity to save money while living at your parents it can really put you far ahead you should invest and triple your money and when you get your own place you have a bigger income .
Great job, man. Keep it up! If you have a church home be sure to give there as well. Believe it or not you could create a course or a book about what you did and have some passive income from digital sales (ebook and audiobook also physical book through print on demand). Anyway God bless you.
I did exactly what you are doing and I just bought my first duplex to house hack. I'm not too far ahead so If you have any questions, feel free to ask.
B random one thing I love about you is you don't come up with stupid course or program that we need to put money in to teach us. you pit out everything for free you really want to teach us thanks a lot .
Very smart! People act like the two are completely against one another and you have to chose one or the other but in reality each one works in different areas in your life.
I am a fan of Robert Kiyosaki, Dan Peña, Dan Lok & Grant Cardone. I keep hearing that the Roth IRA's/401K's don't even keep up with the annual inflation; while investment Real Estate performs at around 9% at its very worst. When you factor-in depreciation for Tax purposes, that ROI increases. ruclips.net/video/em1yxKo6HhQ/видео.html ruclips.net/video/fMfS-gkbT0o/видео.html ruclips.net/video/x_pokBUKPnI/видео.html
@jmjpowerjoule to expand on Melvin's comment, if you are a fan of GC you know he recommends storing 40% of your income. So, Dave's 15% goes to 401K/IRA and the other 25% goes to Real Estate.
Thank you for including DONATIONS! Most videos on this subject tend to ignore or just forget about charitable giving. Personally, I believe donations are a key part of a healthy life.
This is the first time I've heard someone actually break it down and explained saving in a way that's easy to understand. Usually they talk at you and say the same thing over and over. You actually gave a strategy and a thought process. This was very helpful and I'm going to put this in practice.
I'm 45 years old now, and my wife and I have JUST flipped our triangle a few months ago. We're paying off everything that we owe, except for our current mortgage. It has "snowballed" like crazy! Every pay period, we're paying off another card, or other loan that we may have. We will be debt free, except the mortgage, in less than a year, then we can start saving toward investment properties. We finally see a light at the end of the tunnel. If everything works as we hope, then we will be able to retire in about 10 years. BTW, we LOVE Dave Ramsey! Thanks for sharing this video.
Here's a favorite of mine: Literally buy *almost* anything you need second hand. FB Marketplace, LetGo, NextDoor, Garage Sales, Auctions, Craigslist, eBay, etc. The internet allows you to price check every single thing you purchase, so figure out how to pay less than retail, and without sales tax. It may cost you time, but this practice will save you lots of money. Also, older items tend to be better made than those same items today, so you can achieve more value overall.
This video is what I needed to see. My husband and I work overseas and I refuse to come back to the States and work for someone else's company. I cNt wait to come home and start my journey to financial freedom. Thank you Guy
I hate whenever Brandon talks.... because it always makes sense!... now I have to own it and actually do something with my money and my life! Thanks man! Good stuff!!
I have to say that I don't know anyone that'll loan you $20k, and just accept $20k back. They're going to want a ROI, BUT I do understand what you're saying, and it makes total sense.
Brandon thank you so much for this information,. We are huge supporters. One critique is to eliminate the background music. It is distracting and takes away from your message. Thanks so much for this consideration!
I think the background music is a test of our resolve. Great video. Awesome information! Terrific advice! Horrible background music. That 10 second loop started to make my eye twitch but I hung in there for the wisdom.
Thank you thank you thank you, I started with 20k that had on a shoe box 13 years ago, then stopped, then start listening to your channel, I went back on this, slow but steady, the snow ball getting big.
Excellent video. I have over time been inspired and educated by your content and thoroughly enjoy it. "I know how to get a 6-pack, I don't have one..." Amazing.
good video, you're the only person I've seen who has explained in a simple and entertaining way one of the fundamental things about money. The interesting thing is that few people understand what is the system of generating money that has always been used, without shortcuts
Step #3: DOMINATE IT!!! You gain control that allows you to achieve total victory!.. When you dominate YOUR MONEY, you PUT YOUR EXPENSES exactly where you want them for total VICTORY. Very solid advice. At 9:50.
Love these guys: addressing America's biggest problem: living beyond their means. More people following this advice, more people becoming New Money, then turning into Old Money.
I'm 29. Suffered from income creep from a good paying job and then lost my job cos of COVID. It's in the past now, but if I had been more discerning with my "fun" and "variable" expenses I could've saved $20k in 2 years (I calculated this in excel). Instead I have less than $1500 in liquid assets ($1100 being in a retirement trust). I'm taking the responsibility to never be in this situation again. If you're watching the video and reading this comment, don't be like past-me, economies will inevitably go up and down over the course of a lifetime, you'll regret it.
I like the balance between frugality and responsibility here. I’m sure a lot of people enjoy minimalist living, but you don’t need to live like that to experience wealth. I personally like to capitalize on the modern age we live. But I also bike 70 miles a week to get to and from work so I don’t have to pay for a car. However, my strategy wouldn’t go so well out in many other places. Need to do what works for you. Make that spreadsheet, have that “where does all my money go” moment and start direct deposit into a savings account. Just something, as said, you can save 100 dollars. You spend 100 dollars on stuff you don’t even know you spent that money on.
1.) own it- take responsibility for where you are... Make the power to decide why you are what you are 2.) assess yoirself - understand where you are like you income-liability The other steps are hopefully written at the replies
I honestly don't mind it. I was able to get all the information and jam a bit to the music. He speaks loud and clear enough that the music wasn't distracting and if anything kept me energized to keep listening to him.
What the heck Brandon is the whole world becoming so soft that a little background music is driving them over the edge! Get a grip people! As always good to see you and hear what you have to say . Keep up the good work! Peace and Goodness!
They can't focus on what's important, only on what annoys them it seems. I honestly found the music energetic and fun and went well enough with the message. Most don't realize that it's also to try and kill the background sounds that his mic may be picking up while he was filming. You can hear what sounds like a plane flying at some points, but I bet you no one noticed it because they were too busy being annoyed by the background music! LOL!
I live paycheck to paycheck because I was stupid... gave my brother $18000... helped a girl for about $8000... gave/bought coworkers/people food and/or gift card(s). once the debt is paid off i'll be able to save and invest.
The background music was loud and unbearable for the entire 30 min. It would have been so much better without any music. Either way thanks for the tips!
Bad to the point that they should work with RUclips to replace the sound, mostly because it's such a great message otherwise. I found that if you leave your phone on speaker and listen from another room, it's less distracting.
try unplugging and plugging back your headphones... had it happen to me before on other videos. Music in the background here is on different channel and for some reason sometimes headphone jack gets it wrong. Cheers
Interesting; but I guess I’m so focused on the message I didn’t think about the music not one time so I was caught off guard reading all the complaints about it. I thought I’d be reading maybe some push back on his message and acquiring some other hacks/ knowledge on the subject silly me 🤷🏽♂️
I think it says A LOT about a person's desire to see good for their viewers when they recommend the wisdom of others within their field that could be looked at as competitors. Many investment people will slam others' ways of doing things because they want to make themselves look good. Thanks Brandon for recommending resources from Dave Ramsey, Robert Kiyosaki, and many others. Because of that good will I'm happy to trust your advice. SO glad I stumbled on BiggerPockets pretty early in our investing journey :D
ok this is the 4rd time I watch this video I am fainally on the road.... But I always get the same doubts: 1. How to define the percentage you give in any stage of the funnel? Donations should be based on profit or in income? If you are in debt money is better to pay that off and then star investing,donaitng etc?
This video teaches about simple yet practical methods to put our money in order. It's true that I NEED TO TAKE FULL RESPONSIBILITY for the mess I find myself in order to CHANGE it and I can ONLY CHANGE ME .
1. make a budget so you know where your money is going. 2. Pay yourself first, set up automatic transfers to your savings account, investments. 3. Earn more money 4. If you can't buy five with cash you can't afford it.
Hey Brandon , when did you become an out- of- state investor in multi family properties? To be more specific, the reason I ask is because in New York, it's hard to find good Cash flow. Also it's not very landlord friendly at all. How many properties did you buy in your local market when you first started before you decided to go out of state for future investment rental properties for better cash flow?
Thank you for mentioning the importance of giving away your money. A person with a wealthy mindset has the opportunity and responsibility to give away their money.
Such a coincidence that you said to start a roofing business, I’m actually a roofer about 6 months away from being eligible to get my contractors license in CA. Although I’m considering moving to Arizona or Texas for a more business friendly climate.
Nadir Rabah disagree. Time value of money, so unless your recurring expenses have interest working against you, you’re better off keeping your money and investing it now to have the time value of money work in your benefit.
$5,500 per month.... so $150k annual salary? I could save like a beast, but most people don’t make that kind of money. Try the same video on $45k a year, or $2,500 per month.... that might reach a group that could really use this video.
5500 x 12 = $66,000 a year Even if that’s take home after tax money, if you account for taxes, that’s not even close to $150k a year, at least in the vast majority of the United States. If you make 150k salary, and only bring home $5500 a month, or $66k a year, by your definition you’re paying in $84,000 in taxes. You’re way off. In most places, with the exception of the tax heavy states like NY, California and Massachusetts ............ if you’re bringing home $66,000 a year, your annual salary would be around $90,000 a year. Which is still pretty unrealistic for a lot of middle income America, but you get the picture. He really should do this for someone who brings home $3000 a month take home and see how it would be
ripsaw715 your right. I did exaggerate a bit about the totaled annual salaries. I wrote before I did the math, but I was thinking about salary before taxes. After doing the math in my state (Oregon) income tax: it’s a $100k before taxes to take $5,500 home per month. In a state that has a median income of about $45k. Saving would be easier if I could double my salary.
This is great material. I was already putting most of these into practice however, it is still great motivation and still helps a lot for growing. Thank you for enforcing that it is financially smart to live with my parents even at my age.
Everything he’s said in this is the truth. You have to put in the time and effort to get to the point of financial freedom. I’ve been on Biggerpockets for 8 years since the beginning and stayed consistent putting in tons of work on my rei I’m doing some videos of me buying in the field. 4-30 unit apartments
I love the visual example -the inverted triangle and the charity contribution. I own a 15-years-old car, an old LG V20, and drink water. Brandon, you don't get a six-pack because you have a vata dosha body type based on Ayurveda medicine.
Thank you it was very informative and I learned a lot I will definitely put your teaching to good use and will let you know how it goes once again Thank You
This is a MASSIVELY important video for anyone looking to become financially independent.
Let us know what you think below and SMASH that LIKE button :)
Dancing with the Stars in on tonight!
I want to grow up to be like Brandon!
One of the best videos ever. Everyone needs to see this. Don’t pay for a guru. Just follow BP
Can Biggerpocks get Ben Mallah to talk real estate on this channel
I think this video is recorded against a green screen. Something seems... Fake natural about that background.
Me to my money:
“Look at me, Im captain now”
😂
“I...I....look at me! I am the captain now”
Your Money: 😂😆
This video makes me feel so blessed about my situation. I’m 25 years old, I work 7 days a week and make 34k a year. I don’t have any student loan debt as I didn’t go to college and have been told I have a much better head on my shoulders than people with degrees. I live with my parents and I rarely spend money on anything other than the bare essentials. I manage to save $2,000/mo. and I’m currently saving for my first House Hack. Love videos like this and it’s videos like this that show other people barely even able to rub two pennies together and are drowning in debt on top of it all and can still manage to bounce back is what gives me hope and helps keep me thinking positive.
You're way ahead of the curve
life is just different for everyone and everyones situation im also 25 years olds i make 50k a year difference is that i have my own place and live in california ( yeah expensive here ) and i dont have the opportunity to live with my parents. so paycheck to paycheck it is at the moment but looking foward to double my income in the near future. im glad you have the opportunity to save money while living at your parents it can really put you far ahead you should invest and triple your money and when you get your own place you have a bigger income .
I'm the same way bro..but I'm 22 living with my parents :) and make 35k a year.
Great job, man. Keep it up! If you have a church home be sure to give there as well. Believe it or not you could create a course or a book about what you did and have some passive income from digital sales (ebook and audiobook also physical book through print on demand). Anyway God bless you.
I did exactly what you are doing and I just bought my first duplex to house hack. I'm not too far ahead so If you have any questions, feel free to ask.
Video starts at 3:16
You're welcome ;)
Zaia Sarkis thank you.
I love people like you
Thanks so much
Zaia Sarkis ya thanks !
I like people who do this but when it comes down to my financial freedom, I watch every second of it and marinate all of it!!
I was so zoned into your words, i didn't even realize you had background music until i read the comments. 😂 Great stuff, man!!
Same lol
Same here
Same here 😂😂
Lol same !
Me too!!
B random one thing I love about you is you don't come up with stupid course or program that we need to put money in to teach us. you pit out everything for free you really want to teach us thanks a lot .
I take a Dame Ramsey approach to my personal finance, I take a Robert Kiyosaki approach to my investing strategy.
Very smart! People act like the two are completely against one another and you have to chose one or the other but in reality each one works in different areas in your life.
What are they?
I am a fan of Robert Kiyosaki, Dan Peña, Dan Lok & Grant Cardone.
I keep hearing that the Roth IRA's/401K's don't even keep up with the annual inflation; while investment Real Estate performs at around 9% at its very worst. When you factor-in depreciation for Tax purposes, that ROI increases.
ruclips.net/video/em1yxKo6HhQ/видео.html
ruclips.net/video/fMfS-gkbT0o/видео.html
ruclips.net/video/x_pokBUKPnI/видео.html
@@jmjpowerjoule why not do both. Follow Dave and toss your 15% into retirement and use the rest to build other long term sources of income.
@jmjpowerjoule to expand on Melvin's comment, if you are a fan of GC you know he recommends storing 40% of your income. So, Dave's 15% goes to 401K/IRA and the other 25% goes to Real Estate.
Thank you for including DONATIONS! Most videos on this subject tend to ignore or just forget about charitable giving. Personally, I believe donations are a key part of a healthy life.
This is the first time I've heard someone actually break it down and explained saving in a way that's easy to understand. Usually they talk at you and say the same thing over and over. You actually gave a strategy and a thought process. This was very helpful and I'm going to put this in practice.
Commitment +Effort -Excuses = SUCCESS!!
100%
I'm 45 years old now, and my wife and I have JUST flipped our triangle a few months ago. We're paying off everything that we owe, except for our current mortgage. It has "snowballed" like crazy! Every pay period, we're paying off another card, or other loan that we may have. We will be debt free, except the mortgage, in less than a year, then we can start saving toward investment properties. We finally see a light at the end of the tunnel. If everything works as we hope, then we will be able to retire in about 10 years. BTW, we LOVE Dave Ramsey! Thanks for sharing this video.
Here's a favorite of mine: Literally buy *almost* anything you need second hand. FB Marketplace, LetGo, NextDoor, Garage Sales, Auctions, Craigslist, eBay, etc. The internet allows you to price check every single thing you purchase, so figure out how to pay less than retail, and without sales tax. It may cost you time, but this practice will save you lots of money. Also, older items tend to be better made than those same items today, so you can achieve more value overall.
This video is what I needed to see. My husband and I work overseas and I refuse to come back to the States and work for someone else's company. I cNt wait to come home and start my journey to financial freedom. Thank you Guy
“Pit of despair”... 😂 great reference. I see what you did there (CLASSIC LITERATURE). And a spot on reference
Love the new videos! Your book got me started on the rental business.
P.S -music is a little distracting though
Great video! So real and raw.
I stumbled onto your channel through my research on how to create wealth and I have to say I love your principals.
I hate whenever Brandon talks.... because it always makes sense!... now I have to own it and actually do something with my money and my life! Thanks man! Good stuff!!
I have to say that I don't know anyone that'll loan you $20k, and just accept $20k back. They're going to want a ROI, BUT I do understand what you're saying, and it makes total sense.
Brandon thank you so much for this information,. We are huge supporters. One critique is to eliminate the background music. It is distracting and takes away from your message. Thanks so much for this consideration!
I think the background music is a test of our resolve. Great video. Awesome information! Terrific advice! Horrible background music. That 10 second loop started to make my eye twitch but I hung in there for the wisdom.
Thank you thank you thank you, I started with 20k that had on a shoe box 13 years ago, then stopped, then start listening to your channel, I went back on this, slow but steady, the snow ball getting big.
Excellent video. I have over time been inspired and educated by your content and thoroughly enjoy it.
"I know how to get a 6-pack, I don't have one..." Amazing.
Change mindset!!! Best way to it
Great video and I actually do the envelope hack and forgot about one of them and recently came across it with $170 in it😩😂
Good for you girl.Hope you put it in your emergency fund!
Can you explain the envelope hack
good video, you're the only person I've seen who has explained in a simple and entertaining way one of the fundamental things about money.
The interesting thing is that few people understand what is the system of generating money that has always been used, without shortcuts
1. Live within your means
2. Increase income
3. Live frugally, not cheap
4. Invest in index funds (4% rule)
Ohem1 thanks !!!
Thank You, I pray blessing on your life for helping others.
Step #3: DOMINATE IT!!!
You gain control that allows you to achieve total victory!.. When you dominate YOUR MONEY, you PUT YOUR EXPENSES exactly where you want them for total VICTORY.
Very solid advice.
At 9:50.
Love these guys: addressing America's biggest problem: living beyond their means. More people following this advice, more people becoming New Money, then turning into Old Money.
I'm 29. Suffered from income creep from a good paying job and then lost my job cos of COVID. It's in the past now, but if I had been more discerning with my "fun" and "variable" expenses I could've saved $20k in 2 years (I calculated this in excel). Instead I have less than $1500 in liquid assets ($1100 being in a retirement trust). I'm taking the responsibility to never be in this situation again. If you're watching the video and reading this comment, don't be like past-me, economies will inevitably go up and down over the course of a lifetime, you'll regret it.
I like the balance between frugality and responsibility here. I’m sure a lot of people enjoy minimalist living, but you don’t need to live like that to experience wealth. I personally like to capitalize on the modern age we live. But I also bike 70 miles a week to get to and from work so I don’t have to pay for a car. However, my strategy wouldn’t go so well out in many other places. Need to do what works for you.
Make that spreadsheet, have that “where does all my money go” moment and start direct deposit into a savings account. Just something, as said, you can save 100 dollars. You spend 100 dollars on stuff you don’t even know you spent that money on.
1.) own it- take responsibility for where you are... Make the power to decide why you are what you are
2.) assess yoirself - understand where you are like you income-liability
The other steps are hopefully written at the replies
Very useful information ☝🏻👍🏻
I use EveryDollar for my budget. Easy to use and set up. Used it to pay off my mortgage early. Every Dollar has a job to do.
Thee best financial video hands-down!!!
This is common sense but guess what... common sense isn't so common lol
Great content, wish the music was turned down by like half lol. Some of us hard of hearing folks have a hard time filtering out what you're saying.
Please get rid of the background music...too distracting. ( More like background noise) 🙂
Rosaura Miranda yep I agree 👌🏽
I honestly don't mind it. I was able to get all the information and jam a bit to the music. He speaks loud and clear enough that the music wasn't distracting and if anything kept me energized to keep listening to him.
I actually like the music...
ANNOYING REPETITIVE DISTRACTING - CUT THE CRAP MUSIC!!!
agreed
Great video! Thank you Brandon.
This vid is awesome. Currently reading profit first and what you say ties in nicely with it.
You are a great speaker and educator Brandon! Thanks 😁
Music 👎
I love your videos, informative and funny !!
You are the man, Brandon. Excellent video. You just explained so easily a concept that I don't think I truly wrapped my mind around until now. Thanks!
I hear what you have to say. However the music in the background can be distracting. Thank you
Great Info!! Thank You!🙌🏽
Good stuff man. Ty
What the heck Brandon is the whole world becoming so soft that a little background music is driving them over the edge! Get a grip people! As always good to see you and hear what you have to say . Keep up the good work! Peace and Goodness!
They can't focus on what's important, only on what annoys them it seems. I honestly found the music energetic and fun and went well enough with the message. Most don't realize that it's also to try and kill the background sounds that his mic may be picking up while he was filming. You can hear what sounds like a plane flying at some points, but I bet you no one noticed it because they were too busy being annoyed by the background music! LOL!
3:17 Brandon goes for the jugular. I like it.
great video music was killing though lol
Same
same
Yea distracting
Didn't even notice it
Stop living from paycheck to paycheck. I got $20,000 from @davidbvl20 and used it to clear my bills. Contact @davidbvl20 on IG or text
Shalom Brandon. Great video I just subscribed to this channel. I am ready to follow all 4 steps. Thanks
✌
Nice work !
I live paycheck to paycheck because I was stupid... gave my brother $18000... helped a girl for about $8000... gave/bought coworkers/people food and/or gift card(s). once the debt is paid off i'll be able to save and invest.
11:40 "you don't have to be wealthy to begin thinking this way" It's all about mindset!
Great vid, I didn't even hear any background music that errbody is complaining about. Keep up the good work and keep the tips on coming!
The background music was loud and unbearable for the entire 30 min.
It would have been so much better without any music.
Either way thanks for the tips!
so anoynning
Bad to the point that they should work with RUclips to replace the sound, mostly because it's such a great message otherwise. I found that if you leave your phone on speaker and listen from another room, it's less distracting.
try unplugging and plugging back your headphones... had it happen to me before on other videos. Music in the background here is on different channel and for some reason sometimes headphone jack gets it wrong. Cheers
Interesting; but I guess I’m so focused on the message I didn’t think about the music not one time so I was caught off guard reading all the complaints about it. I thought I’d be reading maybe some push back on his message and acquiring some other hacks/ knowledge on the subject silly me 🤷🏽♂️
@@briantix7693 Stop living from paycheck to paycheck. I got $20,000 from @davidbvl20 and used it to clear my bills. Contact @davidbvl20 on IG or text
Great video. You should put the links to the books in the description though. You could be an affiliate to get them sold.
The beard has spoken!
Thanks for your info, last weekend I attended a training in the same matter that cost $9995.00 with a guest includes, unbelievable
I think it says A LOT about a person's desire to see good for their viewers when they recommend the wisdom of others within their field that could be looked at as competitors. Many investment people will slam others' ways of doing things because they want to make themselves look good. Thanks Brandon for recommending resources from Dave Ramsey, Robert Kiyosaki, and many others. Because of that good will I'm happy to trust your advice. SO glad I stumbled on BiggerPockets pretty early in our investing journey :D
ok this is the 4rd time I watch this video I am fainally on the road.... But I always get the same doubts: 1. How to define the percentage you give in any stage of the funnel? Donations should be based on profit or in income? If you are in debt money is better to pay that off and then star investing,donaitng etc?
I have no debt. No loans or anything and I still be broke 🤣 simply because I’ve been so irresponsible.
First step to recovery is admitting you have a problem! LOL
BiggerPockets for sure. I’m taking Dave Ramsey class to get ahold of my money
This video teaches about simple yet practical methods to put our money in order. It's true that I NEED TO TAKE FULL RESPONSIBILITY for the mess I find myself in order to CHANGE it and I can ONLY CHANGE ME .
Really well done. You obviously have the speaking skill down. Thank you for sharing this video. Happy New Year!
1. make a budget so you know where your money is going.
2. Pay yourself first, set up automatic transfers to your savings account, investments.
3. Earn more money
4. If you can't buy five with cash you can't afford it.
Hey Brandon , when did you become an out- of- state investor in multi family properties? To be more specific, the reason I ask is because in New York, it's hard to find good Cash flow. Also it's not very landlord friendly at all. How many properties did you buy in your local market when you first started before you decided to go out of state for future investment rental properties for better cash flow?
i don't mind the background music tbh it keeps me awake and pumped to watch the video!!
Thank you for mentioning the importance of giving away your money. A person with a wealthy mindset has the opportunity and responsibility to give away their money.
Please don’t play music too high
Ram Hernandez everyone is writing that ! Lol
I did this and it is a life changer
Just bought my pack of Maruchan noodles today ;)
Have fun getting sick from consuming fake Americanized Japanese instant Ramen
I purchased your book, "Rental Property Investing..." I want other people to support my lifestyle!
Yeah, I did push the like button before the video even started!
Omg that background music with overwhelming Brandon lol great msg tho.
Great video. Thanks for the info!
Such a coincidence that you said to start a roofing business, I’m actually a roofer about 6 months away from being eligible to get my contractors license in CA. Although I’m considering moving to Arizona or Texas for a more business friendly climate.
This video....is just....awesome man! From start to finish filled with great and important info. Thank you very much Brandon!
Was the link to the worksheet taken down?
Brandon you Beast you! Great one brother.
Live Below your means, educate yourself, and invest your money!
Yes, yes, yes!
Also prepay your reoccurring expenses a year in advance (except your rent / mortgage unless you can do it)
Nadir Rabah disagree. Time value of money, so unless your recurring expenses have interest working against you, you’re better off keeping your money and investing it now to have the time value of money work in your benefit.
Just read your ebook/extra lengthy blog post (lol ) "How to Become Millionaire" all weepy eyed. Thanks man ✌👍✊🙌
Your truths keep shining. Inspirational and provides hope for us. Thank You So Much !
$5,500 per month.... so $150k annual salary? I could save like a beast, but most people don’t make that kind of money. Try the same video on $45k a year, or $2,500 per month.... that might reach a group that could really use this video.
Exactly. If I made $150k a year I would not need to watch this video lol
5500 x 12 = $66,000 a year
Even if that’s take home after tax money, if you account for taxes, that’s not even close to $150k a year, at least in the vast majority of the United States.
If you make 150k salary, and only bring home $5500 a month, or $66k a year, by your definition you’re paying in $84,000 in taxes.
You’re way off.
In most places, with the exception of the tax heavy states like NY, California and Massachusetts ............ if you’re bringing home $66,000 a year, your annual salary would be around $90,000 a year.
Which is still pretty unrealistic for a lot of middle income America, but you get the picture.
He really should do this for someone who brings home $3000 a month take home and see how it would be
ripsaw715 your right. I did exaggerate a bit about the totaled annual salaries. I wrote before I did the math, but I was thinking about salary before taxes. After doing the math in my state (Oregon) income tax: it’s a $100k before taxes to take $5,500 home per month. In a state that has a median income of about $45k. Saving would be easier if I could double my salary.
Ben Elliott Right on man! I agree!
The principle is the same.
This is great material. I was already putting most of these into practice however, it is still great motivation and still helps a lot for growing. Thank you for enforcing that it is financially smart to live with my parents even at my age.
4 steps makes this seem like it's a logical progression, but as usual... you go the motivation route. I was very excited to watch this tho
L6901Malice it can help though
11:39
21:36 Active and Passive
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I like the music
Thanks so much ! very good tips!
Everything he’s said in this is the truth. You have to put in the time and effort to get to the point of financial freedom.
I’ve been on Biggerpockets for 8 years since the beginning and stayed consistent putting in tons of work on my rei
I’m doing some videos of me buying in the field. 4-30 unit apartments
Ah, you rock! All of you guys who have been sharing knowledge to the rest of the world, thank you!
Not only highly educational but hysterical!
Great video! Nothing wrong with the music.
What a great video! Sharing now!
TY 😃
Thanks a Bunch
Looking forward to financial freedom. Thanks for the tips
What is a CAP rate in real estate and what is a number to look for?
awesome video!
Thank You Brandon
I love the visual example -the inverted triangle and the charity contribution. I own a 15-years-old car, an old LG V20, and drink water. Brandon, you don't get a six-pack because you have a vata dosha body type based on Ayurveda medicine.
Thank you it was very informative and I learned a lot I will definitely put your teaching to good use and will let you know how it goes once again Thank You