This Rule Will Change How You Spend Money

I’ve read a lot of book on money, and the book that had the greatest effect on my financial life was the richest man in Babylon, I’ve read over 10 times I think now. But that book has nothing to do with this rule I’m going to teach, I never read a book on this rule.

But if you love spending money, this will change how you spend money forever.

????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

????MY M1 FINANCE PORTFOLIO???? PLUS $10
Link: https://m1.finance/37SHd4241z-N

The 25cent raise

When I use to get paid about a $1000 a month making $8.50 an hour, I felt pretty good about my spending

One month I would buy an iPhone, maybe some new shoes, and so on

I would also order food with my friends to eat at the school

However, one day I got a Raise: it was 25cent raise

Now that raise change my life forever

I went from making 8.50 to 8.75 and I started running the numbers

And it was about an extra $30 a month.

Something clicked and I realized that 1 hour of my time is worth $8.75 and after taxes, it was less

You might say, Tommy that was obvious, no it wasn’t, all the people that I knew made that much money, it wasn’t a big deal

And it wasn’t that I wanted more money but that instead, I realize how irresponsible I was being, and this after month of working

How Much Time will this Cost me

I was a big sneakerhead at the time

And all the kicks I bought were like $160 bucks or so

I spend about $100 a week on food or more.

And I would end the month waiting for my next paycheck.

The question how much time does this Cost:

A $160 shoe was about 18 hours of work

$100 a week on food was about 11 hours

This simple question change my life

What I started to do was this:

First I had a Goal: To spend less money

Second: Increase my income

Third: I wanted to make money without working

First: By doing the simple math

I would stop wasting money.

Spending $700 on an iPhone at the time wasn’t worth 80 hours of my time

And a $20 t-shirt wasn’t worth 2 hours of my time

The consequence of this was ( it led me into the Resell Market and the USED market )

I sold everything to try to get some of my time back, sneaker that I bought for $160 I sold for a good profit and some of a lost but I think I broke even

I also started shopping at goodwill, instead of a $20 t-shirt I would spend $1 and $5 on nice pants, with one of my time I could 3 tshirts and a pair pants

This saved me a lot of money

Second: I started hustling ( I made a business to resell phones and sneakers )

This gave me some extra income, sometimes $200, sometimes even more per week

But I would talk to someone for about 10-15 minutes and then meet u and buy and resell.

My time was now worth about 30-50 bucks an hour depending on the deal

Third: Investing money into an index Fund to cover my cost of livng

More on this in another video

But the idea to invest the money

In conclusion

The point is, its not just about making more money

Because the more money you make, the more expensive the items you buy

Where a car, a house or a crazy vacation

But just asking the questions:

How much time is this costing me

And then thinking about being on your death bed

And asking, was this worth the 10 hours I gave up

* PRO TIP*
INFORMATION IS EVERYTHING
????1 on 1 Talk + My Budget + Stock Investments????
https://www.patreon.com/tommybryson

????Merch????
https://teespring.com/stores/tommybryson

✅2 FREE AUDIOBOOKS✅
https://amzn.to/2Enayo8¬¬¬

????M1 FINANCE $10????
https://m1.finance/37SHd4241z-N

????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 500,000 Subscribers: https://goo.gl/0wvm6w

????All My Social Media????
Link: https://linktr.ee/tommybryson

*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.

source