The Book That Let Me Reach Financial Independence (20 Lessons)

Now make one for a 30 year old in a dead end job with 3 kids and a wife.

I see all these youtube and social media finance guru's preach about keeping expenses low, save save save, invest in this, multiple income streams and that's great. However, what many of them DON'T talk about is at what point do you allow yourself to spend a little and actually start enjoying the finer things? When, where, or what is the finish line? Just save until we're too old to enjoy any of it?

I have house hacked over the past 7 years and it was one of the best decisions I have ever made. I would like to get another rental (that I don't owner/occupy), but geezo, so expensive now!!

*spell check 👍

I always had a part time job now Im 62 yrs old retired and owner of three renting properties

I recently read an amazing book called Financial Wellsprings. It helped me to enrich myself and learn about investing. Highly recommended!

we did a lot of that instinctively, paid off property in 15 years, saved 50%, but never earned a lot, and didn't give ourself real raises. I would love to hear tips for people in their 60's still working, but not making a lot. as retirement (ugh) is looming, I feel very insecure. budgeting is a real challenge, even though we aren't frivolous. we have no debt except SBA loan from our business covid loan. how to save more in the last decade of working....

keep up the great work!

nice! so im not the only crazy person saving/investing over 60% of my income :)

I read this book years ago - it’s amazing!

good

You may have mentioned this in previous videos, but do you do all the maintenance and management of your rentals now, or do you outsource them?

How do you convince your partner not to spend? This is largest hurdle I face.

Great video. Also, if you wanted to run the biggest gamble for yourself in the history of humanity, take the amount you would be paying into health insurance and put it towards the $25k. If you're a healthy human and NEVER have anything happen to you, well, it's frightening in case something does happen but you could literally save massive amounts of money that is literally doing nothing. I don't advise this though. It's not for the weak-hearted.

Building monthly income! Yes!

Currently on the 50 30 20 budget

I want a car with roll down windows!

DIY things! My side hustle is not paying contractors to do little stuff around the house. Every dollar you save is $1.50 you didn’t have to earn.

Thanks for the 9 minute ad hiding your links you make money off of us on!

I read this book 5 years ago, yes it has really helped me. Practical advice with inspiration.

why would anyone need a good credit score to invest?

One of, if not my favorite finance books

The focus on cutting major expenses like housing, transportation, and food in "Set for Life" is a game-changer for anyone serious about financial independence. It's about making significant changes where they count the most, rather than pinching pennies on smaller pleasures. 💡

I got the book on hold at my local library

New book for my list lol. Love your videos! Thanks!

"I don't have to work because I am making money from people who actually work."

There was some excellent advice in this video, but you understand that buying rental properties systemically CAN'T work for everyone, and doing so actually contributes to others' financial insecurity?

Are you saying that with $25k saved you were able to buy a 3 unit house ? This part got me confused

I feel like you have jumped ahead in your skills. Your speaking style and delivery are awesomeness in action. I am not proud of any other youtubers except my sister-in-law. 'La Reina Creole'

I'd stay away from people who make money by telling others how to make money. This guy is bogus or he just got lucky with the rentals. Either way, it ain't that easy. But im sure he's making bank with this sponsored video.

Who can seriously buy 3 houses in a few years, even with good deposit? Thats a lifetime of massive debt. Monthly interest, property taxes, maintenance costs, landlord insurance, etc; you won't have any passive income. This guys full of it.

I am not a fan of how "financial independence" is spoken about. People talk like working for 45 years is the devil. I get financial independence and more from working. If my wage never increased and inflation did not exist, I will make $5.7M at my job over 42 years. My job will allow me to be a multi-multi millionaire, give satisfaction, and create value for others. That has more real meaning. Also doing one craft really well can be just as good or better than multiple income streams.

Love the video, thanks...Appreciation* audit...missed the C...I 'c' what ya did there...blessings 😎🤙

Hey sir I have chance to get Motorcycle and it costs $260. but i can't afford it please help me to get this chance it is my biggest dream to drive motorcycle. am 19 from Ethiopia help me to live my dream

solid tips - i want to say that lifestyle creep is very real. higher income can lead to hubris and thinking u can afford things u really cant. and ive been laid off twice in a single yr so i can say there is no job security.