The Payday Routine That Made Me £250,000 - Do This EVERY Time You Get Paid

My payday routine has taken me from £50,000 of debt to a net worth of £200,000 in just 3 years. In this video, I’m running through the automations you need to set up and the actions you need to take every time you get paid to reduce your spending, increase your investments and make you richer 💸

I’ve often felt like I’m spending a lot of my life working to earn money, which I then seem to spend way too easily and quickly on stuff that doesn’t even give me that much satisfaction. But developing a payday routine has meant I now spend my money on stuff that actually makes me happy, and then put the rest of my salary into investments that are moving me toward financial freedom 🙌

Let me know what you thought of this vid in the comments 🤗

TIMESTAMPS
00:00 Why you need a payday routine
00:46 Step #1
02:08 Step #2
05:07 BetterHelp feature
06:32 Step #3
08:51 Step #4
09:56 Step #5
10:52 Step #6
11:38 Step #7
12:22 Step #8
13:06 Step #9
14:36 Summary

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About Me

I'm a lawyer, part-time YouTuber, son, brother, startup founder, fiancé, black coffee drinker and plant dad. I graduated from Cambridge University (where I studied French and Spanish), topped my law school class and now work for a corporate law firm in London as a solicitor (which takes up a lot of my time)!

Around that, I'm a big fan of discovering new ways of thinking, of balancing work with life, and of performing to the very best of my ability. Ohh, and being happy. And I try to share all that on this YouTube channel 😀

Fun fact: I believe we massively overplay the role of “natural talent” 😮 AND… I also believe that TOGETHER, WE ARE ALL CAPABLE OF POSITIVITY, PRODUCTIVITY AND SUCCESS.

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Disclaimer:
Information, views and opinions depicted in this video are my own. Information visible on screens or in documents does not relate to my work as a lawyer for clients. This is not financial advice.

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Thanks so much to BetterHelp for sponsoring this video 😀

[chilliking]

I'm 45, have been doing very similar to this for the last 15-20 years. Listen to this young man. This is the way.

[PinkDiamond]

He said "It's payday. Your balance is £2000" and I couldn't relate.

[DaniHeart]

I always watch but rarely comment - the amount of information in your videos is astonishing!! Thank you so much for that kind of quality. Your mindset towards money and all your practical tips have helped me so much.

[Sadreath]

The routine did not make you 250k. It just helped you keep more of the money you make. If you make 40k a year no payday routine will "make" you 250k. Sure you can build wealth by not spending but depending on your income it will take years if not decades to even approach that 250k mark.

Omitting that the most important thing for any of this to work is a high income if you want to built net worth quickly is really wrong. Any video that does not mention the income necessary to reach those numbers is just useless information.

[yourfeedYT]

Having this information at such a young age is a blessing

[curioustudent]

Just got so much value from this video - took notes and will certainly try and implement a similar strategy going forward!

[LeeM]

The quality of this content is undeniable. Great work

[callumclark]

UK student loans shouldn’t be paid off in full unless you are earning mega money- treat it like an additional rate of tax and any remaining balance is written off after 30 years. The vast majority of people will be better off not paying them off.

[betalogic]

First video of yours I've watched, incredibly valuable knowledge for people in this video, perfectly laid out as well - only thing I'd say is I tend to put my debt pay into the 'Needs' category rather than the savings and investments at the end - definitely subscribing and going to look through any previous content you've published!

[benlime]

Seems to me, the most important step wasn't explicitly mentioned here - having a 10k/month income. If you get that step done, all the others are easy.

[ElBerto_]

Loved the video. Saved it and will be watching tonight when my partner comes home!! 🙏

[nandini]

Super useful video - thank you for sharing this information!

[owenc]

I understand why you would want to pay off your student loan aggressively but for the vast majority of people in the UK's system, who earn significantly less than you, they will never actually pay that interest rate effectively before the write-off date.

[pete]

First time I've stumbled on your channel and immediately subscribed. Brilliant video

[Manversusvan]

Anyone else cut off the video as soon as 'Better Help' sponsor speel happened 🤦‍♂️

[fiddycaliber]

Great info as usual, an important consideration is you get taxed on your pension when you start receiving it and you don't know what the tax % will be at that time, so it *might* not be more efficient than an ISA, it's a gamble. Agree with employer match entirely though!

[olzhas.abubakirov]

Keep it up, Liam. We love the quality of your videos.

[janimize-]

The amount of people sayin why do you rent on that salary just proves his point on how clueless some people are with money

[krptyk]

Fair when your monthly income is the same as my annual salary. Bro spends more on his rent than i earn in a month and a half.

[janesmith]

Very good. Not everyone has the same views eg in our family we tend to work until we die so pensions are not a great idea even if an employer contributes (and those without an employer as I am don't even have an employer contribution) but it certainly makes sense if you can afford it save each month. I will be taxed on any pension at quite high rates when I draw it as was my father who worked almost until he died. However for those who will have a very long retirement with no earnings at that stage IF you trust the state not to change pension law then go ahead and use the tax breaks. We bought our first house when I was a trainee lawyer - different choice and I was married and we had a baby so very different set up.