One saving tip. If you want to buy something wait 1 week, and if you still want to buy it wait another week, and after 2 weeks if you still want to buy , then you can buy it.
#2 is the only one that actually increases income. Buying a rental property would be another way to increase income, so would starting a business or RUclips ad generating channel. #3 is just avoiding debt which does not increase your income. Your boss won't pay you more because you paid off your car loan. #1 is just baffling, paying yourself first or second shouldn't effect your income. Even if you have employees, it's better to pay them first because I cannot imagine how demoralizing that would be to have a boss that gets paid but the employee doesn't. Not to mention the legal issues that presents.
@@matthewmelange yes paying your employees first . / making it a priority on payday. but what he meant I'm guessing rich dad poor day .. "pay yourself first" meaning with your pay check. your take the first cut. if I remember right 10% of your gross should be put up for you.. that's the Money you save, invest from, and get emergency savings. . after you pay yourself then what's left goes to Bill's and the rest of your crap lol we all want lol.
1. I just moved money from cash I had sitting in my investment account into a REIT so it will start producing monthly dividends to reinvest or help cover emergencies without tapping into my emergency fund. 2. Going to go update my budget and see where I am this month (I already use YNAB but only update about once a week). 3. Continuing to minimize. Less I need, the less I have to pay for.
I paid off my 15 year mortgage loan in three years. Once I paid off my house, I started accumulating wealth rapidly! today I'm worth millions and still watch these kind of videos.
Three thing you can do start saving ur bread 🍞 1: Stop ✋ smoking weed 🌿 2: convert your money into the time ⏰ it takes you to get it before spending. If u want a shirt 👕 & the shirt cost 50 but u work for 10/hr ask urself if u would work 5hrs for that shirt 👕 3: spread ur money. Don’t keep em in 1 place
The best advice I ever got was and old black man sitting on a porch in Mississippis he said get your needs first your wants later if you need tires you don’t buy a diamond ring I was 15 when he told me that I have lived my whole life that way I will buy anything that will make money nothing unless I have to that takes money was raised on welfare I have 6 th grade education I own a company and several motels so what’s your story if can you can
Three things to create wealth 1. Stay focused on savings 2. Go through all of you subscriptions and get rid of the ones you do not need. Ex: Netflix, gym membership, cake of the month club. 3. Surround yourself with smarter people. Your welcome
For starters I recommend making two spreadsheet documents: your budget (per month) and your expenses. In the budget you plan your spending ahead. In expenses you track what you actually did with your money. From my experience it's a good idea to have much more that only three expenses categories. I use around 20. This allows you to very precisely track where your money goes. Maintaining this expense tracking spreadsheet should take you less than 5 minutes per day.
@@MoMo-00 Not OP but I just started a similar tracking strategy and my categories are probably around 20. It's breaking things down into subcategories. So I have two main forms of spending: fixed expenses, and discretionary spending. Fixed expenses are Rent, Car Insurance, Phone Bill, Utilities (I lumped these all together cause I have roommates and we just split everything once a month), etc. My discretionary spending are things like Food (I should separate groceries vs take out but this is one category I feel I do fine in regardless), Booze (😩), Gas (cause I'm not commuting anymore), Shopping, Incidentals, etc. That way you can really pinpoint a specific vice/act that you need to cut out to save the most money.
Live below your means is the most important one, because if you always spend the money you make every month its impossible for your money to compound. My advice to everyone I know is always pay cash for your car, don’t live with a car payment, great video thanks for sharing
1) Picking up more side job on refrigeration and air conditioning service 2) Selling stuff online 3) start making RUclips videos on repair or DIY projects
1 don't spent money on clothes. 2 don't eat out. 3 get a job and lower spending. 4 figure out what companies to invest in. 5 Do Not Get In Debt! Ever!! 6 LEGALLY not pay taxes.
The things I can do to improve my income this month: 1. Read think and grow rich front to back 2. Complete references to send to new and available job opportunity 3. Perform music at multiple venues to gain PRS performing royalties
Three ways I will increase my income this month: 1.) Marketing my skill in writing business plans to more people across the globe 2.) Open more writing accounts such as Fiverr 3.) Help more students with their homework
#4 all day everyday! Even after a sudden, unexpected increase in the value of my assets to over $1M in my 40's, I still drove the same car with a dent on the side that I had for 10 years and continued to live in the little tiny monopoly house that I had bought 15 years earlier.
vectoreye5 well the rich didn’t get rich by not having a job step 1 is essential to success. Unless you’re selling drugs, you need a job in the beginning.
Some nuggets of wisdom here. It is so true, it's not how much someone makes but how much they keep. Become a student of the tax law and use them to your advantage! 👍
1) Buying a bike to save on transportation costs. 2) Selling plasma. 3) I personally sold my car to get out from under the payment and save the money that went to my car payment in a savings I can't touch w/out actually going to the bank.
Thanks for Sharing all these Great points. I think We must have enough Cash rather than investing all our money only due to the Fear of inflation or hope for future growth. I also Invest but not all money. Thanks again.
Thank you so much! This actually seems like a good idea! But where do I put it? Would it be legal for me to put it in a place like a shopping mall, or just out on the street? Also is there a website that sells soft drink machines for a rather cheap price?
A vending route is not that profitable. It is a lot of work. I make better income on investment dividends for a lot less work. My skill level does not allow cutting hours to work at minimum wage work. A vending route could be a source of income for low skill without the opportunity for higher income. I don't have time for paper routes, ride share, vending routes, laundry mats, etc. Yes they are income, but not great. Get a trade with an in demand skill.
1. Current Account >Used for Expenses (stuff you want to buy regularly) petrol travel, entertainment >Connected Credit Card (use only 30% of limit on food ect that you would have bought with cash anyway to get good credit score) >Direct debits to pay for Liabilities (stuff you owe) that you have to pay monthly: Rent / Credit Card Repayments ect. 2. Current Accounts "pays" direct debits into Saver Account for Liabilities which saves up for yearly discounts. Road Tax / Insurance / Bills / Subscriptions ect. >Putting aside money into savers account for things you can pay once a year means that not only are you getting a yearly discount for the same thing… but also % interest on money you did not touched for a year!. This money is not used as emergency fund, its what you owe other companies. >Having a separate savers account for this psychologically separates the money you have with what you owe. Find out which Bills you can pay yearly. >Another advantage is that youll have money at the end of the year already set aside! no more stress!. >If you earn more than 20k then current account pays this savers account a % of earnings so that you have money set aside for yearly tax payments. Always factor in tax reductions such as travel, food, uniform, equipment, parking tickets, people you hire get all receipts for everything. 3. Current Account “pays” direct debit into another Saver Account as “Emergency fund”, something like £25 month 4. Current Account "pays" an ISA or Reit Account £25 (or more) per month. Long term saving tax free, don’t touch it 5. Once every three months run through bills and get better deals to reduce bills 6. Live within your means / dont spend what you don’t have / if you must take out a loan, repay more back to the bank than it recommends and exit quickly 7. The only way to get interested in money, it to have an interest in it. Treat money management like a business. So first Sunday of each month look at finance sheet and track where your money is going. Income Predicted Expenses Liabilities monthly Liabilities Yearly Saves Emergency Money Saves Isa Reit Account Saves … Left overs, can choose to transfer into savings / use for entertainment / or invest in yourself with online courses, more equipment, better computer ect Hope this help, just some things ive been learning.
Do not leverage depreciating assets. Auto deduction every month into mutual fund account is a must, too. My Rules: NO debt by age 60 (at the latest). NO money worries by age 65.
If you keep track of your expenses (even on a notecard, write down what you spend each day) and then look at those expenses over a month or two, you will see patterns where you can cut, modify, adjust and either pay down your debt or save.
Like buying a truck. If you just use it for yourself it's a asset , if you haul things for money it's a money generating asset. Although it's really a depreciating asset ,you get the idea
I liked this video a lot. I try to do a lot that was in here. How do you feel about investing in index funds? Currently, I have a Roth IRA invested in voo. I"m looking to diversify with bonds and real estate, but I'm not sure which specific index funds to use.
@@st.courts9593 I am planning to set it up in Ireland where digital billboards haven't taken over like they have in the states. There is many prospects in the city. I'm sure I could get 10 or more customers to advertise on it. Charge 200 per month thats 2000 euro per month. Any thoughts?
The rich invest in assets while the poor invest in liabilities, it sounds so simple but the thing is, most people can't differentiate between an asset and a liability. let me break it down for you, an asset brings money to your pocket while a liability take money way from you, Yes anything, i repeat anything that doesn't add money to your pocket is a liability.
So...buying food to eat is a liability? Let me ask you - ok - 2 people - one spends 20 dollars on either a lottery ticket or scratch tickets; the other one buys 20 dollars worth of fruits and vegetables. Any thoughts? Neither creates assets because money is being taken out of their pockets. Neither have more than one source of monthly income.
I wanted to be a cardiologist before because everyone encouraged me to do that but this year(my last year at school) i feel that i like business mire than being a doctor, but i am already a scientific student but i can study some economy courses during summer but the problem is that now no ones encourage to study business and they tell me that i won't be successful in it bevause i am not born in a wealthy or rcih family but a normal one so what can i do with my businesse eductaion they asked and i said that i can start with at least 1k$ a month and then invest and get more and increase my wage and get to higher levels and places but that problem is i am not sure that going to business university is the right choice or i just should go to medical school and be a doctor and get at least 6k$ a month, so can you help me guys? Much appreciated!
Absolutely true. Instead of paying credit card and car interest, I reinvest dividends. Currently my dividends is buying about $1000 more in assets a month. I remember when it was hard to have $50 left at the end of the month to save. Used to live paycheck to paycheck. Not anymore. Impulse buying has been replaced by a shopping list. Delayed purchases are on a find it used, on sale, etc instead of full retail. Needed a large format printer for 11X17 paper for schematics. Found an office supply auction of used equipment. Got a networked color laser with 4 paper trays for under $100 in running condition with toner. Wanted a diesel generator. Rental outfit was auctioning off their used inventory in an upgrade. Picked up a trailer mounted 3 cylinder diesel generator for about 1/2 the price of a Honda 2KW silent inverter model. Water cooled, electric start, 240V and 6KW rated load, with 8KW for up to 30 minutes. I still get stuff, but it cost a lot less. Had a video projector on the wish list. Bought a lot of 6 of them at auction. Gave one to my dad, one to my brother, sold one for the price I paid for all 6 and sold 2 more for a profit. Free projector for me, my dad, and my brother. Bought a pallet of used computers from an office upgrade. No keyboards, mice, monitors, or hard disks. Bought some solid state drives, keyboards and mice and sold 3 for the price of the lot. Kept a 6 core machine with dual graphics cards with each supporting two monitors for myself. It has 16 Gig memory. Again, from the sale of the other machines on CL, got a nice 3 monitor gaming setup for CAD and video editing. Controlling your spending does not mean doing without. It means getting more bang for the buck.
Unfortunately, You cannot take both cash nor assets with you when your gone. So the risk of loosing it will always be around the corner. That’s why most people are impatient with establishing assets.
This video is great but you have to join a thing called webinar jam for 39.99 per month with a one year commitment before you can see the class mentioned at the end of the video. I can’t spare 39.99 right now. If the rest of you can then go for it and I wish you the best. Otherwise, don’t waste your time.
Not everyone can become a millionaire but you can't tell me it's not worth saving a million dollars in cash or not saving at all you don't have to be a millionaire
1. Market my mobile phone repair more widely than family and friends. 2. Check websites for house clearance stuff that I can rejuvenate and sell on. 3. Identify my liabilities and cut my expenses such as netflix and other subscriptions, such as my gym because I never go! 🙈
@@TheBetterMenProject I have kinda started on the mobile repair side, but not really disciplined due to time restraints - married with 5 kids. But i called it @mendamobile and I think outsourcing could help me market exponentially. As for 2 and 3, I will start that today!!! Thanks for holding me accountable!!!😊🤝
Well, since we are in a pandemic. I did reduce my costs to basics. I invest what I do not need. I generate income by investing. Since there is no salary coming. If I would not have at least six of emergency fund. I would not even think about doing that. But now it's a great time to buy great companies at a great price. So I will be loading my shopping cart.
People who understand how money works get wealthier. People who don’t, make the wealthy people wealthier. All about education and discipline. Nothing in life is given or guaranteed. There are some with advantage, true. But! Discipline and education can make those who started behind get ahead!
What's up champ, Let's talk about this week's challenge! Comment 3 things you can start THIS WEEK to increase your income. And make sure to join our High Income Training Here: www.bettermencollab.com/webinar
I like your video it help me a lot thank you for sharing this beautiful video I know you spend a lot of time to create this video. That's why when I see your channel I finish your video and I Subscribe you right away. More power on your channel and I'm going to watch all your videos. God bless you. I hope to see you soon on my small channel .
For #4 I use Bill Gates as an example. I've heard he was living in a small apartment until he got married. And then there's Warren Buffett, he bought a house for his planned family back in the 1950's and still lives there.
The biggest difference between rich and poor is they way they think. Most people are sad and poor because they have a sad an poor mindset. Until they get rid of that sad and poor mindset everything they do will blow up in their face.
I will buy the building which I rent at present,and use the money I rent with to pay off the bond, I am building my own sawmill instead of buying one,it's cheap making one at the same time I can do repairs my self incase it breaks because I built one 3,I will turn timber I cut with my sawmill into furniture
1) Deal drugs. 2) Mug other local drug dealers (Bonus: free inventory, less competition!) 3) Truckstop mensroom handies? ....I REALLY need to move to a better neighborhood.
One saving tip. If you want to buy something wait 1 week, and if you still want to buy it wait another week, and after 2 weeks if you still want to buy , then you can buy it.
story of my life.
i like it 👍👍👍
Great to know~
True, for the most part you'll forget about it after a week. Great tip 👆
Why not wait 2weeks straight and i u really wanna buy it, then go? 😕
1) pay your self first
2) buy asset producing money
3) avoid liabilities
Beautifully said 👆
2) I think you meant buy money producing asset
#2 is the only one that actually increases income.
Buying a rental property would be another way to increase income, so would starting a business or RUclips ad generating channel. #3 is just avoiding debt which does not increase your income. Your boss won't pay you more because you paid off your car loan. #1 is just baffling, paying yourself first or second shouldn't effect your income. Even if you have employees, it's better to pay them first because I cannot imagine how demoralizing that would be to have a boss that gets paid but the employee doesn't. Not to mention the legal issues that presents.
@@matthewmelange yes paying your employees first . / making it a priority on payday. but what he meant I'm guessing rich dad poor day .. "pay yourself first" meaning with your pay check. your take the first cut. if I remember right 10% of your gross should be put up for you.. that's the Money you save, invest from, and get emergency savings. . after you pay yourself then what's left goes to Bill's and the rest of your crap lol we all want lol.
What’s an example of paying yourself first?
1. I just moved money from cash I had sitting in my investment account into a REIT so it will start producing monthly dividends to reinvest or help cover emergencies without tapping into my emergency fund.
2. Going to go update my budget and see where I am this month (I already use YNAB but only update about once a week).
3. Continuing to minimize. Less I need, the less I have to pay for.
I paid off my 15 year mortgage loan in three years. Once I paid off my house, I started accumulating wealth rapidly! today I'm worth millions and still watch these kind of videos.
That’s awesome! Keep up the good work!
Three thing you can do start saving ur bread 🍞
1: Stop ✋ smoking weed 🌿
2: convert your money into the time ⏰ it takes you to get it before spending. If u want a shirt 👕 & the shirt cost 50 but u work for 10/hr ask urself if u would work 5hrs for that shirt 👕
3: spread ur money. Don’t keep em in 1 place
such a good idea
Great tips ☝🏻
The best advice I ever got was and old black man sitting on a porch in Mississippis he said get your needs first your wants later if you need tires you don’t buy a diamond ring I was 15 when he told me that I have lived my whole life that way I will buy anything that will make money nothing unless I have to that takes money was raised on welfare I have 6 th grade education I own a company and several motels so what’s your story if can you can
@DeeJay ViVo sounds like a dependancy, aka an addiction.
@@elenajeffery7137 it's crazy you own motels but can't use a fucking comma, great advice though, thanks.
Three things to create wealth
1. Stay focused on savings
2. Go through all of you subscriptions and get rid of the ones you do not need. Ex: Netflix, gym membership, cake of the month club.
3. Surround yourself with smarter people.
Your welcome
the Gym is Good bro
#3 Is vitally important. Great Tips 👆
Wait wait wait.....there's a cake of the month club?!?
1. Pay myself first
2. Track my expenses
3. Avoid liabilities
Simple yet effective
Money is our personal army, it should go and bring back prisoners!
Love that analogy ☝🏻
Wella May Masado WOW! That’s profound, and true. Never thought of it that way.
Thank you ☺️
I love that!
From "The Richest Man in Babylon"
For starters I recommend making two spreadsheet documents: your budget (per month) and your expenses. In the budget you plan your spending ahead. In expenses you track what you actually did with your money. From my experience it's a good idea to have much more that only three expenses categories. I use around 20. This allows you to very precisely track where your money goes. Maintaining this expense tracking spreadsheet should take you less than 5 minutes per day.
20 categories?! Like what?
Are you able to send a link to a sample spreadsheet for the community to use?
@@MoMo-00 Not OP but I just started a similar tracking strategy and my categories are probably around 20. It's breaking things down into subcategories. So I have two main forms of spending: fixed expenses, and discretionary spending. Fixed expenses are Rent, Car Insurance, Phone Bill, Utilities (I lumped these all together cause I have roommates and we just split everything once a month), etc. My discretionary spending are things like Food (I should separate groceries vs take out but this is one category I feel I do fine in regardless), Booze (😩), Gas (cause I'm not commuting anymore), Shopping, Incidentals, etc. That way you can really pinpoint a specific vice/act that you need to cut out to save the most money.
Live below your means is the most important one, because if you always spend the money you make every month its impossible for your money to compound. My advice to everyone I know is always pay cash for your car, don’t live with a car payment, great video thanks for sharing
1) Picking up more side job on refrigeration and air conditioning service
2) Selling stuff online
3) start making RUclips videos on repair or DIY projects
If your not making lots of money in HVAC you are lazy.
1 don't spent money on clothes.
2 don't eat out.
3 get a job and lower spending.
4 figure out what companies to invest in.
5 Do Not Get In Debt! Ever!!
6 LEGALLY not pay taxes.
5.?? Ever? Then how would I raise my credit history and invest in real estate ? 5 is wrong buddy. Use to learn debt to your advantage period.
@@DustinBentley he means lasting debt which requires many years to pay off. Such as letting bills accumulate or having tax debt.
That’s a poor mentality rich people use debt to by assets and don’t save money because thats taxable
Theres alot of l3veraged buyouts of guaranted income businesses. Wether if its utilities or infrastructures, or even some telecoms
The things I can do to improve my income this month:
1. Read think and grow rich front to back
2. Complete references to send to new and available job opportunity
3. Perform music at multiple venues to gain PRS performing royalties
That’s a good plan ☝🏻,when will you get started
That initiative of looking for 3 extra sources of income might be challenging and life changing for sure. Thanks for sharing this video!
Three ways I will increase my income this month:
1.) Marketing my skill in writing business plans to more people across the globe
2.) Open more writing accounts such as Fiverr
3.) Help more students with their homework
Sounds good. When are you getting started ?
@@TheBetterMenProject I have already started. Working on scaling the reach out.
*the rich grow their money while the poor waste it*
👆
IN A NUT SHELL
I see you everywhere on the comment section of youtube. Hi :)
Leyla Maria Bonilla Palacio hi :)
@@ZacharyLaid Just checked your channel and liking the content. Keep it up!
The rich buy assets while the poor buy liabilities!
Amen!
Mindset Mastery simple ...
1. Get a job.
2. Vanguard dividend index funds
3. Open an Ally bank account for your savings.
Great plan ☝🏻
Good content!
Thank you 😊
#4 all day everyday! Even after a sudden, unexpected increase in the value of my assets to over $1M in my 40's, I still drove the same car with a dent on the side that I had for 10 years and continued to live in the little tiny monopoly house that I had bought 15 years earlier.
But long term stocks that pay a dividend.
Is there stocks that their goal is no growth? Never knew that.
You forgot about the 6th strategy: Reading a book a day from your lamborghini that sits in your garage
he got a lambo?
@@st.courts9593 Tai Lopez has like 6 of them in his garage
well we need to figure out how to acquire this technique then.
I totally forgot about that one 👆
We'll include it in the next video 😄
1) Have a Job
2) track your money
3) Save money
4) live below your means
5) invest money
6) reap what you have just invested
Thanks me later
1) = You are trading your time for money
vectoreye5 well the rich didn’t get rich by not having a job step 1 is essential to success. Unless you’re selling drugs, you need a job in the beginning.
where's the guy that lists the lists?
Thanks for this valuble and informative video it was very straight to the point and very helpful keep the gems coming
Thank you so much for sharing this with us
Happy to help !
Some nuggets of wisdom here. It is so true, it's not how much someone makes but how much they keep.
Become a student of the tax law and use them to your advantage! 👍
100% Taxes are the biggest expense for most people
1) Buying a bike to save on transportation costs.
2) Selling plasma.
3) I personally sold my car to get out from under the payment and save the money that went to my car payment in a savings I can't touch w/out actually going to the bank.
Tracking my expenses that would be the first step
That is a great first step 👌
Philo same here buddy
2nd job,work weekends,buy and sell items
Action taker ☝🏻
I'm your 2nd subscriber body that's why subscribe me too I'm waiting ty let's help together.
Thanks for Sharing all these Great points. I think We must have enough Cash rather than investing all our money only due to the Fear of inflation or hope for future growth. I also Invest but not all money. Thanks again.
This channel...... This channel is what gets me going in the morning I'm so happy I found this channel
Investing in learning skills that will upgrade my work position and make me earn a higher income
Great strategy to maximize your current income
Great formula!
Thank You 🙏
Thank you for this valuable information.
Happy to help !
Buy a soft drink machine and use the profit to buy a second and third.
Thank you so much! This actually seems like a good idea! But where do I put it? Would it be legal for me to put it in a place like a shopping mall, or just out on the street? Also is there a website that sells soft drink machines for a rather cheap price?
Also, what do you think is the best location?
damn. in my place the IRS also interested to the owner of this business.
A vending route is not that profitable. It is a lot of work. I make better income on investment dividends for a lot less work. My skill level does not allow cutting hours to work at minimum wage work. A vending route could be a source of income for low skill without the opportunity for higher income. I don't have time for paper routes, ride share, vending routes, laundry mats, etc. Yes they are income, but not great. Get a trade with an in demand skill.
buy a franchise*
Thank you for your information
Happy to share Antonio, Thank you for watching
1. Current Account
>Used for Expenses (stuff you want to buy regularly) petrol travel, entertainment
>Connected Credit Card (use only 30% of limit on food ect that you would have bought with cash anyway to get good credit score)
>Direct debits to pay for Liabilities (stuff you owe) that you have to pay monthly: Rent / Credit Card Repayments ect.
2. Current Accounts "pays" direct debits into Saver Account for Liabilities which saves up for yearly discounts. Road Tax / Insurance / Bills / Subscriptions ect.
>Putting aside money into savers account for things you can pay once a year means that not only are you getting a yearly discount for the same thing… but also % interest on money you did not touched for a year!. This money is not used as emergency fund, its what you owe other companies.
>Having a separate savers account for this psychologically separates the money you have with what you owe. Find out which Bills you can pay yearly.
>Another advantage is that youll have money at the end of the year already set aside! no more stress!.
>If you earn more than 20k then current account pays this savers account a % of earnings so that you have money set aside for yearly tax payments. Always factor in tax reductions such as travel, food, uniform, equipment, parking tickets, people you hire get all receipts for everything.
3. Current Account “pays” direct debit into another Saver Account as “Emergency fund”, something like £25 month
4. Current Account "pays" an ISA or Reit Account £25 (or more) per month. Long term saving tax free, don’t touch it
5. Once every three months run through bills and get better deals to reduce bills
6. Live within your means / dont spend what you don’t have / if you must take out a loan, repay more back to the bank than it recommends and exit quickly
7. The only way to get interested in money, it to have an interest in it. Treat money management like a business. So first Sunday of each month look at finance sheet and track where your money is going.
Income
Predicted Expenses
Liabilities monthly
Liabilities Yearly Saves
Emergency Money Saves
Isa Reit Account Saves
… Left overs, can choose to transfer into savings / use for entertainment / or invest in yourself with online courses, more equipment, better computer ect
Hope this help, just some things ive been learning.
If you want to be wealthy you should never say "i can't afford it" you should always say "how can i afford it?"
Robert kyosaki ikr
@@Josh-sh6sq yeah
Great video. Thanks for the reminder
Do not leverage depreciating assets. Auto deduction every month into mutual fund account is a must, too.
My Rules: NO debt by age 60 (at the latest). NO money worries by age 65.
Dude cool video
Btw which software are you using for editing?
Is called videoscribe
Need more consistent videos mate 👍.keep up the good work.
100% agree, We got a lot more videos coming this month. 👌
pretty good procedure*
Getting learnt how to stay safe and secure even during adversities , especially finances are concerned , in life is really great ! Thanks !
This videos is 🔥legen🔥... wait for it 🔥dary🔥
Fixed expenses
Essential expenses
Non essential expenses
Money for life style,percentage of salary for saving (10%,20%,30) investment.
Thanks great explanation
Love the video. Thx
Thank you 🙏🏻
I want to give insights on which business is future? Please make a video in booming business
If you keep track of your expenses (even on a notecard, write down what you spend each day) and then look at those expenses over a month or two, you will see patterns where you can cut, modify, adjust and either pay down your debt or save.
5:18 hi there. Can i ask a question please? can you give me pointers on what types of things to research with will create "money generating assets"?
Like buying a truck. If you just use it for yourself it's a asset , if you haul things for money it's a money generating asset. Although it's really a depreciating asset ,you get the idea
@@justinacase2623 Thank you Azzo. Do you have any recommendations?
Yes , on RUclips find investing with Rose. She has great info on investments. Easy to understand too
@@justinacase2623 ok thanks, ill check her stuff out. Discovered infinite banking the other day, was interesting
@@justinacase2623 Shes awesome, great videos. Have a good year, all the best
I liked this video a lot. I try to do a lot that was in here. How do you feel about investing in index funds? Currently, I have a Roth IRA invested in voo. I"m looking to diversify with bonds and real estate, but I'm not sure which specific index funds to use.
Search up REITs for real estate
How about some international index funds as well? (VT or similar)
well explained. thanks :)
Happy to help 👍🏻 Thank you for watching :)
Awesome advice
i am going to buy a digital billboard. it is an income generating asset.
Marketing and promo, good investment. Make sure its where your demographic is.
@@st.courts9593 I am planning to set it up in Ireland where digital billboards haven't taken over like they have in the states. There is many prospects in the city. I'm sure I could get 10 or more customers to advertise on it. Charge 200 per month thats 2000 euro per month. Any thoughts?
I have been craving a video finally 🔥🔥
We got a lot more coming this month 👌🏻
Thank you 💪
Really important lessons!
This channel deserves lot more subscribers. (5× more probably)
Thanks man, we’ll get there 💪🏻
The rich invest in assets while the poor invest in liabilities, it sounds so simple but the thing is, most people can't differentiate between an asset and a liability.
let me break it down for you, an asset brings money to your pocket while a liability take money way from you, Yes anything, i repeat anything that doesn't add money to your pocket is a liability.
So...buying food to eat is a liability? Let me ask you - ok - 2 people - one spends 20 dollars on either a lottery ticket or scratch tickets; the other one buys 20 dollars worth of fruits and vegetables. Any thoughts? Neither creates assets because money is being taken out of their pockets. Neither have more than one source of monthly income.
Hey thanks bro💓💓
I wanted to be a cardiologist before because everyone encouraged me to do that but this year(my last year at school) i feel that i like business mire than being a doctor, but i am already a scientific student but i can study some economy courses during summer but the problem is that now no ones encourage to study business and they tell me that i won't be successful in it bevause i am not born in a wealthy or rcih family but a normal one so what can i do with my businesse eductaion they asked and i said that i can start with at least 1k$ a month and then invest and get more and increase my wage and get to higher levels and places but that problem is i am not sure that going to business university is the right choice or i just should go to medical school and be a doctor and get at least 6k$ a month, so can you help me guys? Much appreciated!
Many aspects need to be modified for indian subcontinent as the financial system works differently in this part of the world.
1) download audio book think and grow rich
2) listen to Earl Nightingale the strangest secret
3) Do what you know, and you’ll know what to do
I agree 💯
Absolutely true. Instead of paying credit card and car interest, I reinvest dividends. Currently my dividends is buying about $1000 more in assets a month. I remember when it was hard to have $50 left at the end of the month to save. Used to live paycheck to paycheck. Not anymore. Impulse buying has been replaced by a shopping list. Delayed purchases are on a find it used, on sale, etc instead of full retail. Needed a large format printer for 11X17 paper for schematics. Found an office supply auction of used equipment. Got a networked color laser with 4 paper trays for under $100 in running condition with toner. Wanted a diesel generator. Rental outfit was auctioning off their used inventory in an upgrade. Picked up a trailer mounted 3 cylinder diesel generator for about 1/2 the price of a Honda 2KW silent inverter model. Water cooled, electric start, 240V and 6KW rated load, with 8KW for up to 30 minutes. I still get stuff, but it cost a lot less. Had a video projector on the wish list. Bought a lot of 6 of them at auction. Gave one to my dad, one to my brother, sold one for the price I paid for all 6 and sold 2 more for a profit. Free projector for me, my dad, and my brother. Bought a pallet of used computers from an office upgrade. No keyboards, mice, monitors, or hard disks. Bought some solid state drives, keyboards and mice and sold 3 for the price of the lot. Kept a 6 core machine with dual graphics cards with each supporting two monitors for myself. It has 16 Gig memory. Again, from the sale of the other machines on CL, got a nice 3 monitor gaming setup for CAD and video editing.
Controlling your spending does not mean doing without. It means getting more bang for the buck.
Unfortunately,
You cannot take both cash nor assets with you when your gone.
So the risk of loosing it will always be around the corner.
That’s why most people are impatient with establishing assets.
Give it to your children and grandchildren
Saving money is part of my budget, between rent, debts, and living expenses with savings I’m at 85% of my budget
This video is great but you have to join a thing called webinar jam for 39.99 per month with a one year commitment before you can see the class mentioned at the end of the video. I can’t spare 39.99 right now. If the rest of you can then go for it and I wish you the best. Otherwise, don’t waste your time.
The class is actually free. All you have to do is register (no credit card needed) and enjoy.
You also get a free book 📚☝🏻
Ok, I’ll see
Save money and invest in stock market. As it would be enough money to buy real estate, receive all money to buy real estate.
1. Invest in Real Estate
2. Assess my Checking Account to pay my Savings Account weekly/monthly
3. Be judicious with my spending
Not everyone can become a millionaire but you can't tell me it's not worth saving a million dollars in cash or not saving at all you don't have to be a millionaire
Agreed, saving is great!
At the end is not about how much money we have but the quality of life we can live 👍
we know, but his videos are for the ones trying.
Leverage other people's money and time
Its good motivation
That’s great, now let’s execute 💪🏻
Coffee IS a living expense!
How?
1. Sell stuff in storage
2. Post my music
3. Look into part time job
1. Market my mobile phone repair more widely than family and friends.
2. Check websites for house clearance stuff that I can rejuvenate and sell on.
3. Identify my liabilities and cut my expenses such as netflix and other subscriptions, such as my gym because I never go! 🙈
Boom ☝🏻 when will you get started?
@@TheBetterMenProject I have kinda started on the mobile repair side, but not really disciplined due to time restraints - married with 5 kids. But i called it @mendamobile and I think outsourcing could help me market exponentially. As for 2 and 3, I will start that today!!!
Thanks for holding me accountable!!!😊🤝
"Games are won by players who focus on the playing field - not by those whose eyes are glued to the scoreboard.” - Warren Buffet
Hi i think i interest what you teach so how can l meet you i whont learn in privet how to start busness
Shoot me an email. We might be able to work something out
Don’t save too much you can’t take it with you
True ☝🏻 but you can invest and leave a good financial legacy to your kids 👍🏻
Grant Cardone is a CONTREPRENEUR.
Well, since we are in a pandemic. I did reduce my costs to basics. I invest what I do not need. I generate income by investing. Since there is no salary coming. If I would not have at least six of emergency fund. I would not even think about doing that. But now it's a great time to buy great companies at a great price. So I will be loading my shopping cart.
That's the difference of not being materialistic
Video Making on Sir American Most Valuable Assets Hindi
The Better Woman Project ♥ love this video. Also I see Dan Lok in the end 😃
I actually found the better men project by searching how to be a better woman. Lol.
Y'all always have to make shit about yourselves 😒😕 better MEN project
People who understand how money works get wealthier. People who don’t, make the wealthy people wealthier. All about education and discipline. Nothing in life is given or guaranteed. There are some with advantage, true. But! Discipline and education can make those who started behind get ahead!
Please no Ads in between the video. It's very distracting.
A lion will never tell a gazelle how to hunt.
Keeping a track of your Assets and Expenses! That is a good way.😊✍📖📚✍😊👊👊💪💪🗝🗝🗝
What's up champ, Let's talk about this week's challenge! Comment 3 things you can start THIS WEEK to increase your income. And make sure to join our High Income Training Here: www.bettermencollab.com/webinar
What happened to u it's been a year
It's been a little while, but we are back and ready to go 💪
Your back!!!!!!
Back and ready to create some killer videos
1. Starting off Rich.
1. Leave your job
2. Regret
3. Come back again
4. Now regret one more time
And get enlightened
Cash flow by : Robert kiyosaki
I like your video it help me a lot thank you for sharing this beautiful video I know you spend a lot of time to create this video. That's why when I see your channel I finish your video and I
Subscribe you right away. More power on your channel and I'm going to watch all your videos. God bless you. I hope to see you soon on my small channel .
Thanks man, I appreciate that ☝🏻
the "saving money" is a misconception the rich do not save they invest....it's always about cash flow...
That’s why he next step in this video is... invest in Cashflow Generating Assets.
but we r not the rich
buy a share of stock.. owning stocks is the only true passive income asset out there
For #4 I use Bill Gates as an example. I've heard he was living in a small apartment until he got married. And then there's Warren Buffett, he bought a house for his planned family back in the 1950's and still lives there.
The biggest difference between rich and poor is they way they think. Most people are sad and poor because they have a sad an poor mindset. Until they get rid of that sad and poor mindset everything they do will blow up in their face.
I will buy the building which I rent at present,and use the money I rent with to pay off the bond,
I am building my own sawmill instead of buying one,it's cheap making one at the same time I can do repairs my self incase it breaks because I built one
3,I will turn timber I cut with my sawmill into furniture
Dan lock at the end messed up lol
1.track my expenses!
2....
3.......
1) Deal drugs.
2) Mug other local drug dealers (Bonus: free inventory, less competition!)
3) Truckstop mensroom handies?
....I REALLY need to move to a better neighborhood.
Ha ha