How To Get One Month Ahead On Bills
If you live paycheck to paycheck that’s usually a symbol of other stuff that’s going on in your life. So my one goal for this video is to get you one month ahead of your bills. And then you can do the rest.
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1. Look at the truth
- When I was 205lbs and obese, I once got completely b**t na**d, and I looked in the mirror
- And I said, boy, you are fat, you have a problem, and if you continue down this road
- You may not get the chance to turn back, and today I weigh 30lbs less after a hard look in the mirror (it's not mean its being real )
So for your personal finances:
- Make a list with the total amount next to it, of your necessities ( Shelter, utilities, groceries, and transport )
- A list of all your other expenses and amounts
- A list of all your debts, the amount you owe, the name of the party, monthly payment and interest rates
- A list of your income and time you spend to make it
- Subtract what you spend per month from what you make per month
- That is the mirror, that is the reality, that is the problem
2. Let's Make a Plan
- My next step was figuring out how many calories I needed to eat to lose weight
- How many times I needed to go to the gym per week
- And having a goal and timeline to meet it
So for your finances:
- We know you need to spend less than you make
- The goal is to get one month ahead of your bills
- And the timeline is this month hopefully if the math makes sense
Here iss the action we need to take
- Cut out all the things that are not necessities.
- Sell all the things around your house you don’t need
- Reduce your necessities expenses by eating in, moving out, buying a car for cash or even turning off the lights
- Increase your income by using the extra 3 hours you have left after work to get a side hustle like Uber, then use the remainder 3 hours for yourself and your family
- If you do this, you can turn your negative cashflow to positive
3. What do you do after you have more coming in than you have going out
- It's not the first I lost weight, the last time I did it
- I regained the weight
- And that sucks, so creating a system that you can sustain is super important.
Do this:
- Use all the extra money to save your first $500 or $1,000 dollars )
- Then Use all your extra money to payoff all debt first except the mortgage ( and except for 5% for fun )
- Once done use the rest for saving up for emergencies.
- Once you have no debt, and fully funded 3-6 month emergency account ( you can use some of the money for investing for retirement and some for saving up to buy a house )
Tip: I have a course on this full guide, but buy that course when you get results from this first, The course is an investment but use this free video until you can get ahead
* PRO TIP*
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*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.
😎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/...
💰MY M1 FINANCE PORTFOLIO💰 PLUS $10
Link: https://m1.finance/37SHd4241z-N
1. Look at the truth
- When I was 205lbs and obese, I once got completely b**t na**d, and I looked in the mirror
- And I said, boy, you are fat, you have a problem, and if you continue down this road
- You may not get the chance to turn back, and today I weigh 30lbs less after a hard look in the mirror (it's not mean its being real )
So for your personal finances:
- Make a list with the total amount next to it, of your necessities ( Shelter, utilities, groceries, and transport )
- A list of all your other expenses and amounts
- A list of all your debts, the amount you owe, the name of the party, monthly payment and interest rates
- A list of your income and time you spend to make it
- Subtract what you spend per month from what you make per month
- That is the mirror, that is the reality, that is the problem
2. Let's Make a Plan
- My next step was figuring out how many calories I needed to eat to lose weight
- How many times I needed to go to the gym per week
- And having a goal and timeline to meet it
So for your finances:
- We know you need to spend less than you make
- The goal is to get one month ahead of your bills
- And the timeline is this month hopefully if the math makes sense
Here iss the action we need to take
- Cut out all the things that are not necessities.
- Sell all the things around your house you don’t need
- Reduce your necessities expenses by eating in, moving out, buying a car for cash or even turning off the lights
- Increase your income by using the extra 3 hours you have left after work to get a side hustle like Uber, then use the remainder 3 hours for yourself and your family
- If you do this, you can turn your negative cashflow to positive
3. What do you do after you have more coming in than you have going out
- It's not the first I lost weight, the last time I did it
- I regained the weight
- And that sucks, so creating a system that you can sustain is super important.
Do this:
- Use all the extra money to save your first $500 or $1,000 dollars )
- Then Use all your extra money to payoff all debt first except the mortgage ( and except for 5% for fun )
- Once done use the rest for saving up for emergencies.
- Once you have no debt, and fully funded 3-6 month emergency account ( you can use some of the money for investing for retirement and some for saving up to buy a house )
Tip: I have a course on this full guide, but buy that course when you get results from this first, The course is an investment but use this free video until you can get ahead
* PRO TIP*
INFORMATION IS EVERYTHING
💲1 on 1 Talk + My Budget + Stock Investments💲
Patreon: tommybryson
👕Merch👕
https://teespring.com/stores/tommybryson
✅2 FREE AUDIOBOOKS✅
https://amzn.to/2Enayo8¬¬¬
💰M1 FINANCE $10💰
https://m1.finance/37SHd4241z-N
🎁ACORN FREE $5🎁
Link: https://acorns.com/invite/38EYSU
⚡FREE KINDLE UNLIMITED⚡ (traditional reading)
Link: https://amzn.to/2VGbxt9
👨🏽💻DISCORD PRIVATE GROUP👨🏽💻
Discord: discord
My Camera Gear: https://www.amazon.com/shop/tommybryson
✔ Help Us Reach 500,000 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.
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