Скачать с ютуб How To Reduce Your Cost Of Living By 25 Percent в хорошем качестве

How To Reduce Your Cost Of Living By 25 Percent

So by the end of this video, my goal is to help you save by 25% of your income, which means you’ll be saving more than 5x what the average person saves and most likely a lot more than what you are saving now. 💲Patreon Exclusive💲   / tommybryson   😎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/... 1. The Fulfillment Curve This is the first thing I want to teach you guys The basic idea of this curve is that it shows, the more stuff you get and accumulate, the less fulfilling it becomes and the cycle becomes stupid by a certain point But that’s not what this video is about: Instead I want you guys to think about what chapter of life you are on Are you on the survival, comfort or luxury chapter Before you answer, I want you to know, that what you think doesn’t matter (this is a mathematical question ) I know that sounds not so kind But I know a lot of people who love self-denial. Who think that everything is fine, even when they are presented with the evidence? So here what I want you guys to gage these life cycles 2. The 3 Cycles Survival: Consumer Debt and Fully Funded Emergency Account You re in survival as long as you have consumer debt and you have no fully funded emergency account Why? Imagine heading down a highway without a seatbelt, going 100 miles an hour, and saying, I’ve done this before ( I’ll just fine ) The answer is not putting on the seat belt alone, the answer is also slowing the heck down Comfort: Paying off A Home you can afford and investing for retirement The key point is paying off a home you can afford and investing for retirement. Maybe people think they are investing and on their way to success, but the truth is they are shackled to the bone and don’t know it They have a mortgage that’ll take them 30 years to pay off (that’s not a house that’s a prison) They invest without even knowing what they are investing into and don’t make it a habit Luxury or nice things: Paid off Home and Continue to invest How many people do you know have a paid-off home? Wait. How many do you know even have this as a real goal? What’s the Point? When you are in survival, you act like it (and you don’t spend on things you don’t need) When you are in control you can afford to spend a little more ( but never on fancy trash, cause you still can’t afford it ) When you get luxury (that’s when you can think about a new $1,000 phone or a vacation to Fiji that costs $5,000) Ps. I hate the idea of success being paired with what you can buy, it's just being a consumer. Instead, think about how you could live and spend your time) 3. Reducing your Expenses I call this a Barebone Budget And what you want to do, is live on bones And no I don’t agree that you deserve to get yourself that watch, purse, ring, car or vacation because you work hard ( I don’t care ) Four main Expenses: Sum this UP Shelter: $1,500 Utilities: $500 Groceries: $300 Transportation: $300 = $2,600 Income: I make $4,000 dollar a month Ratio: Expenses/Income = 65% My expenses are 65% of my income Meaning I can save 35% of my income 4. What if its not 25% You want to sell everything you don’t need You want to cut all the bills you don’t need Truth is: Everything that is not on that list is a want and is not a necessity. If you are spending 50% of your income on a house/apartment (sell or rent another place ) But those are other videos for another day. PRO TIP* INFORMATION IS EVERYTHING 💲Patreon Exclusive💲   / tommybryson   👕Merch👕 https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ 🎁ACORN FREE $5🎁 Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 👨🏽‍💻DISCORD PRIVATE GROUP👨🏽‍💻   / discord   My Camera Gear: https://www.amazon.com/shop/tommybryson ✔ Help Us Reach 600,000 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.