Watch This Video If You’re Broke

So last year I found myself in this bad situation, all of sudden I gain a bunch of weight and weigh in at around 215lbs, which made me obese. Naturally I wanted to fix the situation so I started doing research and the core idea principle was “Calories in calories out” your body burns a certain number of calories if you eat more than that you gain weight, if you eat less than that you lose weight. Simple enough.

But I didn’t want to exercise more, and I didn’t want to spend my days eating carrots all day “although I like carrots”. So how did I lose 52lbs in less than a year. ( I did what I had to, not what I wanted to do, what works works and what doesn’t work doesn’t work )

So just like broke a lot of people are broke, and the answer to not be broke anymore is simple, but the actions you have take are hard, difficult, different not the what you are use to. So if you are tired of being broke, and willing to do the work this is the video for you. But I don’t have a magic side hustle, a magic token or a magic investment. ( its just doing what works )

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1. What’s making you broke is Simple

You have a deficit

You see in health fitness a deficit helps you lose weight a surplus helps you gain weight same thing applies with money

If you spend more than you make, you will be have a deficit, and will be broke

Meaning:

I don’t have enough money to cover 6 months of expenses

I don’t have enough to invest

I don’t have enough to pay off my debt

Take care of my kids

And the list continues, vacations, toys and whatever else there is

2. Two simple ways to fix it

You keep expenses the same but then you make more money which put you in a surplus

Or You Cut out a lot of your expenses so you can have extra money to save

Again:

I tried both these methods for getting healthy, since I love eating a lot of food and don’t want to eat carrots all day although I love them, I just rather exercise more to burn more calories than to eat less

But some people rather eat a lot less than to exercise more

There is one Problem here:

You can only cut so many expenses before you start to suffer

But there is no cap on how much money you can actually earn

You also have very unhealthy ways to try to increase your income, which mean lack of sleep and working a lot more hours

3. So this is not a long video but here are the things that helped me

Track what you Make and what you Spend: its how I lost weight tracking my food intake and counting calories ( I don’t care if its inconvenient )

Cut your expenses and try to raise your income in a reasonable way ( cut the things you don’t need to live, and raise your income via new better job, new skill, extra job and so on )

Have Clear Financial Goals: My goal is financial Freedom there is a 4 step process to get their ( I got an entire course on it )

Pay off debt ( this is equivalent of cleaning out your kitchen of all the junk ). It allows you to have extra cash flow to use for other things

Save for 3-6 months of emergencies ( if you fail to plan you plan to fail )

Invest 10-20% of your income while you save or paydown your mortgage using the 33 percent rule ( completely after house is paid off )

Keep investing and enjoy the the extra cash flow

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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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