It's not how much money you make. It's how much money you keep
@wrestlingawesome40063 жыл бұрын
Not really If you don't make enough money to invest then simply put, you can not invest. If you keep on keeping money, what exaxtly are you investing if you're on such a low income?
@worldoffights58043 жыл бұрын
WRESTLING AWESOME stocks!
@barrywainwright33912 жыл бұрын
Also pay yourself first. Save and invest at least 10% of what you make. If you can't live on 90% of what you make then you are doing something wrong. Live below your means.
@epbrown014 жыл бұрын
Instead of side hustles I just do overtime. One day of OT every other week adds about $5000/year to my portfolio, so over 5 years that was an extra $25k on top of what I'm saving.
@ajh.41314 жыл бұрын
Thanks for making a video on this topic. Like many people, I’m considered low income. I’m confident it won’t always be this way but it’s still nice to know there’s hope. I’m already doing most of the steps that we’re mentioned. I just have to start investing. I’m 31 years old so I still have time on my side. I don’t want to make the same financial mistakes my mother made and I feel like I’m on the right track to a better future 👍🏾
@syebethel4 жыл бұрын
1. Start your wealth journey now 2. Understand living frugally can be enjoyable 3. Set smart goals 4. Build and stick to your budget 5. Eliminate high-interest debt A. Quit adding more debt B. Be realistic with your income & spending C. Decrease your spending & expenses D. Make more money E. Pay more than the minimum 6. Start investing 7. Supplement your salary
@jeremiahandrew91884 жыл бұрын
Thanks much. Much love
@abdulfatahahmed62094 жыл бұрын
Thank u very much
@davidsdinero4 жыл бұрын
Couldn't agree more! A person with a low-income that takes advantage of compound interests at a younger age is in a better position than someone who has a higher income but isn't good at managing their money!🙌
@BrokeManFinance4 жыл бұрын
The beauty of compound interest!!!!
@bigj95034 жыл бұрын
here at 14 so i dont learn money mistakes the hard way lol thx
@ashfiyasharin92683 жыл бұрын
Your dp is nice! I love tigers!
@denisplouffe5144 жыл бұрын
I can’t agree with you more. I started when I was in my early twenties as a teacher and the economic up and downs, SMART goals helped me achieve my goals. Very sound concepts for the average person. Thank you and I hope people will apply your instructions.
@BrokeManFinance4 жыл бұрын
SMART goals is def the key.
@kristinedepaz62434 жыл бұрын
When my employer paid my salary 20% ill put on my investment in our govt fund which lock for 5yrs earning dividends ill choose compounding interest means my dividend also compounded after 5yrs ill planning to roll it over again for another 5yrs and ill invedt also for pre retirement And some of part of my salary goes to my savings bank and 10% goes to my piggy bank for planning to buy another foreclosed property and the rest expenses and send money to help my parents in Phillipines im working abroad this is my routine everytime ill recieved my salary live with your means and debt free and ill practice Keikebo ill write down all my expenses and where do i put my money ill save first before spending my goal is to be financially freedom thnk u love ur channel ❤❤❤❤❤❤
@benpainter68744 жыл бұрын
I want dividends too. Show me how.
@besgordon3 жыл бұрын
I have made so many mistakes. I am 49 and live in a country that is considered third world, but I honestly believe I can bounce back. My brother offered me a place to stay so I will be doing that for the next 3 to 6 months. I have started investing, but I want to increase the portion I invest and so I am learning to be frugal and starting a side hustle. I sold my car which was my biggest debt. I am almost debt free and my goal was to be debt free by my 50th birthday next year. I cancelled the 2 credit cards I have. Learning to spend less. I have built a minimal wardrobe because I no longer see the point of having clothes I am not wearing. Thank you for this video...very encouraging 🙌
@adamdelduca20644 жыл бұрын
I think you can become rich on a low salary if you invest properly!
@BrokeManFinance4 жыл бұрын
Your 100% right.
@dreameryoung384 жыл бұрын
It's so true
@oluronke97364 жыл бұрын
Yes, I agree am a low income earner but I try to save and I have invested my savings. My plan is to keep rolling it over till it gets big and I started a blog mofeyi.wordpress.com as side hustle thou am yet to make money from it but still pushing
@layoutarchitect3 жыл бұрын
What do you invest in instead of stocks?
@TCTALKSTCFITNESS2 жыл бұрын
💯💯📈
@goranstarcevic91464 жыл бұрын
Invest in yourself and your education (doesn't have to be college). Read books specific to the job you currently have or job/business you want to have. This will help you to become the top 5%, and later the top 1% in the job you currently hold. Make top people in your department notice you by being the best. Be informative, creative, and resourceful. You will gain a lot of useful information from non fiction books. This will get you promoted. Once promoted, read more books on your new job position and get to top 1% again. You only need to read around 15-20 books to be in top 1%. Good Luck!
@nick51419954 жыл бұрын
15 books is nothing. Most people don’t read even 1 book per year though. “Those who DON’T read are no better off than those who CAN’T read.” There’s no reason someone can’t read one book every week if they’re serious. I gain so much insight from reading 1-2 books every week.
@kevindudson23444 жыл бұрын
Like Earl the Parking lot attendant that build a $500,000 nest egg.
@kevindudson23444 жыл бұрын
kzbin.info/www/bejne/sIO0Y5pqhtGpapY here is his story
@coltshaw45584 жыл бұрын
Thanks betterment boss!!! Your really helping me and expanding my knowledge !!! Thanks for all the help! I enjoy all your videos!
@danilodiaz20714 жыл бұрын
I’m debt free. But my salary is so low. I can only invest $40 a month. I hope I can find a way to increase my income.
@Noname-dr1jm4 жыл бұрын
My opinion, try to find another job that pays more than u earn right now🤔 atleast u need to save 5k-6k per year...
@charithsuminda1234 жыл бұрын
I m not too sure with this strategy i think need to buy more assets that produce cash flow pay in less taxes. Use of OPM and OPT is the key
@PinkMass374 жыл бұрын
My only issue is with investing. The assumption behind the compounded interest is that it will remain the same every year. But the reality is that this is not true regarding the stock market. More importantly, one must make sure to reduce their losses. This is because if one has to remain on track for its desired return, s/he has to take into account how much gain must offset the loss. For instance, a 10%-loss must be offset by a 11.11%-loss just to break even. So it is important to stress that while investing offers the opportunity to earn greater returns than saving money in a bank or any other financial institutions, it also comes with greater losses. Hence, it is important to have a risk management strategy.
@charlesg79262 жыл бұрын
The 10% average yearly return is an average. So if you’re going to have a year with a 0%, on average, you’re going to have a year with 20% return.
@adeli9794 жыл бұрын
With investing I think it’s possible!
@Nice-ok4pt4 жыл бұрын
...but you might lose money with investments I lost 600$ by investing which is a lesson to invest smartly
@assmyth4 жыл бұрын
RealToastyBread can you share your experience? Where did you invest and in what?
@maximhollandnederlandthene76403 жыл бұрын
Invest in knowledge.
@peterfallon40184 жыл бұрын
The 10% to charity you’ll receive back many fold, likely in ‘hidden’ advantages/opps Investing? Vanguard ETF’s (
@TheSushiandme3 жыл бұрын
It is hard to have a fun life when all my money goes to investments. 66% of it... after rent, bills, insurance, food.
@adrianwilson18174 жыл бұрын
This video is so accurate.💯👏
@TheFinancialWorkout4 жыл бұрын
With compound interest, time is literally money. Great video!
@kaycollins76844 жыл бұрын
So true!!!
@foreigncontaminant20154 жыл бұрын
Being in any debt is like having a deposit with negative interest. Keeping cash is STILL like that, because of inflation. Even trailing the inflation rate by 1% with conservative investments helps preserve your savings' purchasing power in a meaningful way.
@PassiveIncomeTom4 жыл бұрын
*I think everyone should invest 1st, and then pay the bills.* 😉
@sgist78244 жыл бұрын
Definitely pay yourself first
@arleneaugustahair83934 жыл бұрын
Nah! In my household these bills will always get paid 1st. I don’t play games with bills or budgeting. It drives my husband crazy, especially when I tell him there are no feelings in business.
@TCTALKSTCFITNESS2 жыл бұрын
💯💯
@Talkinglife4 жыл бұрын
Those who earn lower salary need diligence in their journey to financial independence: Those with lower salary need to start as early as possible to save money and investing Low salary earners need to be frugal but does not need to be boring in the process One way to achieving your goals is to set smart specific goals.. As a low income earner you will have to do more careful budgeting unlike the high income earners
@exposingproxystalkingorgan4164 Жыл бұрын
This knowledge is very helpful. 👍
@mouadhgharfara53382 жыл бұрын
Thank you for sharing this video with us is great review I 💕 it is helpful and interested video keep working on I enjoyed it he has a lot of information about How To Get Rich 🤑 good work 😊
@jeanalexandre11053 жыл бұрын
It's not how much you know it's what you do with what you know that counts.
@wrestlingawesome40063 жыл бұрын
Best comment 👍
@barrywainwright33912 жыл бұрын
Also pay yourself first. Save and invest at least 10% of what you make. If you can't live on 90% of what you make then you are doing something wrong. Live below your means
@goldenbs30182 жыл бұрын
The richest man in babylone
@loveandparty41182 жыл бұрын
Wow this video makes it sound so easy...
@mdep714 жыл бұрын
Excellent video, i use index funds with vanguard with low cost and use the KISS financial rule (Keep It Simple Stupid)😁😁😁
@FightNewsYT4 жыл бұрын
Great content! Maybe i'll add that in my VIDS. 💪🏻
@mkj96703 жыл бұрын
Thanks for this video. Encouraging and refreshing, always.
@rentospropertymanagementso48953 жыл бұрын
Savings are as important as earning. Thank you for the video.
@dreameryoung384 жыл бұрын
Young people having a budget helps but beware of relationships this can affect you to
@Noname-dr1jm4 жыл бұрын
True...its part of the sacrifice need to be done..
@razrsliq76234 жыл бұрын
It's so easy to say we should invest but in my country it's hard to trust people and how do we know what is safe to invest in.
@privatejapan55993 жыл бұрын
You can invest in the stock market. You don’t have to invest in real estate or in investments you are not sure about. 😀
@nate2nice1014 жыл бұрын
This video is super helpful thank you!
@naturescritter46914 жыл бұрын
Watching Netflix isn’t free, it costs money for the sub
@dapeace3164 жыл бұрын
But, still far less expensive than going out every weekend or multiple times a week for movies, dinner, games, etc.
@galeretacco85373 жыл бұрын
Great info as usual
@KPad873 жыл бұрын
Investing is the secret to success
@rodneywright14794 жыл бұрын
Thank You
@michaelgardner56874 жыл бұрын
Time really is money
@colinchandler65164 жыл бұрын
thank you
@PastelAfroMetalhead3 жыл бұрын
I'm 20 and don't have debt(1999)
@jdnrotterdam21504 жыл бұрын
I don’t have a big salary. Not even close. But i’m good with money. My job gives 0,19 per km for driving from my home to my job. Most working man there drive a nice car but i drive a 2012 prius for 3 years now ( it was my fathers car) and drive it eco and always the speedlimit. It’s 20 km to my work so 40 km a day. 0.19 cent per km. Last year i bought my self a big old ugly cheap house. I stripped and rebuild it myself with some family ( no company used) i made a good profit. We not live big don’t going to restaurants and hotels or weekend trips every week or month also not use the car when we don’t have to. With grocery’s we looking for the deals and don’t but things if we don’t really need it. Saving all the money what we didn’t use that month in a bank account we don’t use.. and here you go. Live that way for 10 years and your good.
@jdnrotterdam21504 жыл бұрын
Bit having a goal to buy something can motivating you to keep doing it. My motivation is to buy a tesla one day
@Dhowse104 жыл бұрын
At my age I know don’t make a different how can you help me who have no idea where to start on living a better life
@phindilencane55344 жыл бұрын
This is so true, how do I start and where do I start?? I'm so deep in debts and don't even have a plan....please help.
@mdep714 жыл бұрын
If you have debts then follow the Dave Ramsey baby steps. Worked for me 👍👍👍
@WealthCreationGuru3 жыл бұрын
building foundation
@tinytales.productions4 жыл бұрын
Awesome video man. Which animation software is this?
@tinytales.productions4 жыл бұрын
@@bettermentboss thnx man
@maximhollandnederlandthene76403 жыл бұрын
Don't get married or you won't get rich with low income.
@maximhollandnederlandthene76403 жыл бұрын
@@bettermentboss It's a fact, You won't get rich or you will loose al money !
@waynekendrick63794 жыл бұрын
Ok,here I am,where do I start?
@wrestlingawesome40063 жыл бұрын
Have a vision of what you want and have a vision of every small step which will help you get there.
@peterfallon40184 жыл бұрын
Read ‘The Richest Man in Babylon’.. 70% living expenses, 10% active capital, 10% passive capital, 10% charity.
@TastyIslandCrate4 жыл бұрын
yessss
@pallasathena15554 жыл бұрын
Did you base the parents at the start on a retired Phillip and Julia?
@epbrown014 жыл бұрын
@@bettermentboss The host of a financial education channel called Two Cents. Philip is a tall guy with a mustache, Julia is his very short wife (she stands on a box for their videos). I watch their channel too and the animated characters resemble them a little. Funny coincidence.
@Foodieguy2574 жыл бұрын
ME
@stanacarman95184 жыл бұрын
"ME"
@calvinemoji42593 жыл бұрын
You really uncourage I pray for everyone to succed if you read this be successful your pocket will always be full everyone will be rich in Jesus name amen
@numidian54063 жыл бұрын
Don’t get married until you’re established…
@enigmathegrayman29534 жыл бұрын
Look up Earl Crowley.........YOU’RE WELCOME 👍🏿
@valeri09able3 жыл бұрын
“me”
@mairiiiin4 жыл бұрын
Me!
@zipporahoendo42464 жыл бұрын
me
@TheaSan4 жыл бұрын
Me
@Michael-gh5ys3 жыл бұрын
THe answer is you cant.
@wrestlingawesome40063 жыл бұрын
Because if you're poor and you don't have the money you can't invest. If you're young and don't have a good job then you have no money to invest. At the end of the day not even all the videos in the world can help. Videos are good for the rich, only information on how rich get richer for the poor.
@wallstreetbravado3464 жыл бұрын
Hey!!! I like your channel. It is content rich. Keep making informative videos. ▶️📺🎥🙌🏽💥 #WallStreetBravado