How to Become a Millionaire Making $40k a Year | San Francisco

This video demonstrates how one can become a millionaire with a starting salary of $40,000 a year. San Francisco is a very expensive city to live in but with consistency and discipline, it is very doable.
There are many assumptions made in the calculations, including consistent growth of 8% on stock and 5% on real estate in San Francisco. These growth figures are based on historical data going back two decades.
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How to contact me:
👨 IG: @therealcpa_ey
🎥 TikTok: @therealcpa_ey
📝 email: [e-mail]
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Disclaimer:
This is not tax and financial advice as this video was made for entertainment and informational purposes only. Please consult with your tax and financial advisors before undertaking any corporate planning.
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Credits:
Clips from this video are downloaded from Pexels and I would like to thank the following authors:
Video by Ivan Khmelyuk
Video by Artem Podrez
Video by Engin Akyurt
Video by Carl Weingarten
Video by Jakub Gorajek
Video by James Cheney
Video by RawFilm Stock Footage
Video by Kindel Media
Photo by Yury Kim from Pexels
Background music and sound effects are downloaded from Pixabay

[@FinlayMorris]

You are a great KZbinr and deserve a lot more views. Keep up the good work

[@therealcpa_ey]

Thank you so much for the very kind comment.

[@davidhung1016]

This is impossible. Never any emergency’s, never any times of unemployment, never any spending on upgrading phones, going to restaurants, or Amazon purchases.

[@arunks2033]

more content like this please

[@therealcpa_ey]

Appreciate the comment!

[@ananasw]

Very insightful video thanks

[@waimar5457]

only 20700 usd student loan debt in San Francisco area? Public university?

[@khalidzihar]

What's your recommended monthly % to spend on fun and entertainment?

[@therealcpa_ey]

The 50/20/30 rule says you should spend 50% of your income on needs, 20% on savings and 30% on wants (i.e. fun and entertainment). I'm of the view that you should maximize the savings bucket and minimize the fun money as much as possible (at least in the early stage of your career). Live like you are still a college student!

[@khalidzihar]

@@therealcpa_ey Thanks