Three Steps To Improve Your Finances in 2021

When you change the way you think, and the things you do, all you have to do is let life catch up with you. Its like the person that starts to become more positive and then their life starts changing.

The same thing happens with money, when you start changing your money habits, the way you think about money, and your money goals, well eventually your financial situation is going to catch up to the way you think.

So this video is about the basics to money, because money is not complicated or super crazy, its simple things that just work.

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1. Keep track of what you’re earning and spending. 
– if you get on Friday and by Monday or Wednesday you don’t know where your money went ( then you have problem )
– its like someone that’s trying to fill a buckey of water, but theirs this massive hole in the buttom
– no matter how hard you try, that bucket is going go empty
– so the only way to fix the paycheck problem, is to understand your income and your expenses

Here a Rock Solid Budget ( that you use when you first start )
– it’s called the bare bone budget
– so you only take of the necessities and cut everything else out
– Shelter, Utilities, groceries and transportation

I used this Budget:
– When I was broke and had a very little income
– And I had a bunch of debt
– Its always better to fix your issues when your broke ( because everything hurts and you notice every bill )

2. Find places you can cut back on your spending
– This is hard because your taking away confort
– But everything you have you don’t need
– Don’t forget, you can only cut so far until you start bleeding while you can raise your income for much more

But the Main places to Cut are going to be:
– Cut everything that’s not apart of your barebone budget : Shelter, Utilities, Groceries and transpo
– Then you want to sell everything hurts ( cars, furniture, all that stuff your currently paying for that you really don’t need)
– And then buy cheap alternative

Quick Savings:
– Switch to internet only and get prepaid phone bill for 10-$20 per month math
– Buy used car for cash
– Cook at home

3. Save and invest wisely
– You only need to save for two things: sinking Fund and Emergency fund and that’s it
– The rest of the money, needs to be invested into retirement accounts
– The only time you invest into taxable accounts ( if after you max out your retirement accounts )

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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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