Why Cheap People Stay Broke

Cheap people never become rich, more than often. The definition of Cheapskate, is someone who “ is a Miserly or stingy person, especially: one who tries to avoid paying his fair share. That’s insane and in this video I’ll tell you why you cant be cheap if you want to be rich

????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

Cheap People are often Good at Saving but not Good at Earning and Investing

Ramit Sethi says, that saving money is great but you can only cut so much until you start to bleed and its true

Imagine you trying to save money by only cutting your expensive, at a certain pount you will not be able to cut anymore

Some crazy thigns you see:

These people stop flushign the toilet and using less toilet paper

They shower togetrher as afamily to save moneyt or use the same water

Those are the little things they do to save money

The right mindsety should be

Save on the big-ticket items, like where you live and what you drive

Moving can save you $1000 dollars or more and changing cars can saving you a monthly payment.

But trying to set a timer on your shower is just crazy.

Unhealthy Relationship with Risk

I saw a guy who was so worried about loosing what he had, that most of what he did was just save money and put in the bank

Now that’s good in a way

But you can grow your money by making less than 1% in saving account

Its better to learn to invest money:

The fear or lost, usually comes from ignorance

And once you understand index funds for example, you can be a lot more confident in your investments

Because the risk is lower

Quality of Life Sucks

You ever walked into a persons house who has cats

And says that her house deosnt smell like poop and sand

But it does

When someone gets so used to living like that, they just get use to it ( dough )

Life:

You’re supposed to be responsible

But you shouls also be able to enjoy a part of your money on stuff

And more than often these people develop emotional attachment to money and spending it

Good takeaways

They buy below their means ( that’s great )

They try to save money and negotiate.

They care about other people opinion

* 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