Strategies for Financial Success

This video is only for the person who know that

they're gonna be a millionaire. If that's not you, you can go ahead and

skip this video. Now that it's just us, first thing I need you to do is save this

video for two reasons. One, so you can come back to it, and two,

you're telling the algorithm the type of videos that you wanna see.

First thing is this. Somebody with half your IQ is making ten

times more than you because they're not smart enough to doubt themselves.

An idiot in motion will go further than a genius at rest. You just have to start.

Take the fucking risk. You can always come back

and make it look good later.

You are going to fail, but failure is the formula, it is not the

enemy to success. I have failed more times than people have

even

tried. Second thing you need to understand

is purpose over profit.

You will need a reason to exist beyond money.

If you're only doing the thing for money, you won't last.

You won't have the desire to get up, wake up,

and chase it because it's just for

money. There's no purpose. What is something that will wake you up on the

days when you don't feel like it? So ask yourself this

and then answer it in six

words or less. What is the purpose of your existence

or mission that

is bigger than money? Once you answer that,

you'll have your audience.

Number three, you have to survive a season of lifestyle

inflation. And there's two things that you're gonna need to do that.

Delayed gratification and financial literacy.

It will not happen for you overnight. Get that out your head.

Now, the two key aspects to financial literacy.

First thing is you will need at least three months of cash reserve.

You can survive for three months with no income.

Put that into a high-yield savings account because that day may very well come.

Second part is you have to be able to manage cash flow.

Just follow the bus stop blueprint. Your money is a bus.

Each stop is pivotal. Stop one, your money goes directly into

your high-yield savings account.

Interest in a high-yield savings account, it accrues daily.

The higher your principal, the more money that you make every single

day just from

your money sitting there. Second stop, pay yourself.

Twenty to thirty percent of your entire paycheck should go towards retirement

and investments. Stop paying everybody else first

and then paying yourself last.

And then step three is your bills and necessities.

You should live on about sixty to seventy percent of your income.

So if you make ten thousand dollars a month, you should not be spending more

than six to seven thousand dollars on your basic needs.

And then the last part is growth rate over profit.

Put money back into the business so that you can grow

faster as opposed to you taking all of the profit and the business

grows much slower. And you'll be at a million dollars in no

time.

Peace.