HOW I LIVE HAPPILY BELOW THE POVERTY LINE | Extreme

I live on an Income of $1200 per month, well I should say we because I’m married. In this video, I’m going to tell you how this is possible and how I actually enjoy it. It’s not as bad or bad honestly as most people think
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1. First thing I want to establish ( where do I live )
– I live in the Dominican Republic
– But this is not a location problem, living in Puerto Rico I did the same thing, and even in the New York
– So before someone comments, that’s only because he lives in Dominican Republic epublic ( not true )
– Only because his single ( married )
– No kids ( yes but I’ll update the video when that time comes )

2. Here are two major things that I don’t have that the average person does have

First:
– I want a Toyota Tacoma, turns out I don’t have $40,000 lying around
– Turns out also I don’t want a $800 car payment each month
– So I drive a paid-off Toyota Corolla that came with my wife
– This saves us so much money, beucase we only have to worry about gas, insurance, and maintenance

My first tip is this: eliminate car payments

Second: We don’t have any Debt
– I read in an article somewhere that the typical American spends about $1,583 a month on debt payments
– That’s a lot of money
– That I don’t have to make or pay beucase I have no debt

3. I live in a Normal Neighborhood
– Where I live it is not fancy
– It’s not a tourist area
– It’s not even high-end (it’s normal )

My rent is:
– I pay about $153 a month
– But it’ll be going up to around 288 soon maybe because we are planning on moving soon potentially
– But this makes a big difference
– PS, in Puerto I owned my home so I paid $0

To get to the point where you can live on below the poverty line
– A big factor is going to be housing
– I recommend somewhere safe, boring and normal
– Forgot about community activities, best school zone, 2m away from Walmart
– Look for things that actually matter
– Focus on owning the home ( once its paid off, life is so much easier )

4. Stay vigilant Always
– Know what you want
– Know what you need
– Always track your expenses or create a good system

There are months;
– Where we go over $1200
– Because we get irresponsible
– But if we buckle up we can always stick to it

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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.

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