So usually in all of my videos, I sit down and I talk to you guys for a few minutes, and I like to think we have great conversation, where you get to learn something and better in life in some way.
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1. Walk a Mile in My Shoes
– Let’s start here, how many pairs of shoes do you own
– Don’t guess get up and count if you can, and let go together
– I have about 27 pairs of shoes, and I just ordered two more
Just like you: I only have two feet
– Just like you, although I have all those shoes, I only use about 4-6 pairs
– So what should I do here
– Should I sell them, give them away or burn them
The answer: I have a lot more than I need
– So I should be aware of this
– That every time I buy another pair of shoes
– It’s literally a waste of money, vanity, and deplorable ( that’s a strong word )
2. Let’s look at what I Drive
– I drive sometimes a toyota Corolla 2017 which my friend owns
– Or my moms Sante Fe Hyndai
– Do you know why I don’t own a car ( when last year I almost spent $40,000 on one
I asked myself why do I need a car
– Is it because I need it
– Convenience
– Status
– Fitting in
– Sense of freedom
Truth is:
– The answer was, I was I didn’t need a car
– And If I bought a car it would be a waste of money
– So I borrow my friend’s cars
– And I also take public transportation
Ask yourself this:
– Would that make you feel embarrassed
– Would that make you feel less
What should you do:
– If you spend $700 on a car a month
– And you can trade that car for public transport for $200 a month
– You should consider that or get a cheaper car
3. I want you to look at your phone
– I spent $550 on this iPhone 13
– I spend $30 a month to keep it active
– Why?
This phone has everything I need:
– I’ll use it until it turns off
– And it’s the minimum amount I can pay for what I need
– But why do you have a phone you can’t even afford to payoff in cash, and why are you paying for unlimited 5g like you at a buffet
4. Lastly I want you to look at your bank account statement
– Why I’m I spending $200 a month on eating out
– Why did I spend almost $1000 on gifts, spending, and stuff
– Why, why why
why:
– I like eating out and spending time socializing with my friends
– Do you have a problem saying no?
– Do you feel guilty?
5. You should watch this video and look around your house and say ( why?)
– I’m going to start selling and giving some stuff away for sure
– A lot of poor people have too much stuff
– And a lot of rich have too much stuff
– But can be stupid
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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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