5 Harsh Truth That Will Change Your Relationship With Money

Sometimes the truth hurts but it’ll set you free. 💲Patreon Exclusive💲 https://www.patreon.com/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/financial-freedom-steps-from-nothing-to-freedom 1. Focus on the right thing - People are so focused on making more money - Increasing income - Increasing passive income But they don’t focus on: - Decreasing expenses - Have fewer needs - And erasing the consumer mindset When I was broke: - I wanted to make 10k per month - Then I did it - And I want to buy a house with a mortgage of 6k ( do you know why ?) It’s a law: - As income rises so do expenses - But if you are really smart, as your income rises you keep your expenses low - Today I spend $1200 a month with a wife ( my needs are so minimal, that I could literally work 2-3 times a week and not have any need to work anymore – or just quit my job and live off my investments ) You tell me what is better, going on 10 vacation or not having to work and having time for my family 2. You’re ignorant, not stupid - When people say, they are stupid and they don’t get it, I don’t like it - Would you be considered stupid just because you never knew a set of facts that have never been told to you So here is a set of things I didn’t know and how I learned them: - I didn’t know why saving money was important - I didn’t know how to invest money - How to budget - And how to earn money - But most importantly I didn’t know when enough was enough 3 books for you - The richest man in Babylon - Your money or your life - The psychology of money The only good way I know how to learn: - Has been by books - I didn’t have good people around me on these subjects - YouTube is great for certain topics but for other topics you need full books on 3. Impatients is going to make you poor forever - You want to get rich fast - Why don’t you go run a marathon in 10m - It's not possible, the fastest time is a little less than 2 hours and I mean a little less than 2 hours Stop wasting your time trying to find gold - Use your time to build something that you can actually build - Stop looking for a 1 dollar investment that will make you 1 million - Look for good investments that make you good money 4. Life is not about accumulating money - Here is an example that many people never get the chance to experience but if you are watching this video ( maybe one day you will ) Let's say you need $2,000 to live per month - You make from passive income about $1000 - And from a part-time job you work another $1000 - You only work 2 times a week to get this done They offer you a position making $60k a year working 5 days a week - Is it worth it? - The answer is no - If you don’t need any money and the exchange you make to make more money is time, something you do need and limited - Then the trade doesn’t make sense - Beucase yes your income increases, but you don’t need the cash Tip: I would only do this to build a buffer surplus - Maybe of 10-50% - In case something happens 5. You can't get everythig you want, but you can get the things you need - We live in a world where everyone has a child mentality - If you want something go get it - And you should have it Truth is : - You probably won't get a mansion - won't have every car you want - won't have the fancy wife you want - But you can get the things you really need in life ( your job is to find out what those things are ) For me it is: - God - Wife and Family - Shelter and security * PRO TIP* INFORMATION IS EVERYTHING 💲Patreon Exclusive💲 https://www.patreon.com/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👨🏽‍💻 https://discord.gg/EcZEHpA 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 --- Disclosure & Educational Disclaimer: Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.