Do This Every Time You Get Paid - Millionaire Payday Routine

🌟 Breaking Free from Paycheck to Paycheck Life
Welcome to an empowering video where I share my personal journey and five key steps to transform your payday routine, leading to financial independence. This video is for anyone who has ever felt their paycheck vanish without a trace, struggling to understand how to break free from the paycheck-to-paycheck cycle.

STUFF I RECOMMEND!*
Personal Finance

Saving Money & Grabbing Deals

1️⃣ Maximizing 401k/403b Contributions: Learn the importance of taking advantage of company matches in retirement plans, and how even a small contribution can lead to significant wealth accumulation.

2️⃣ $5 a Day Investing Challenge: Discover how saving just $5 a day can be a game-changer in your investment journey. This simple but effective strategy can build a solid financial foundation.

3️⃣ Building an Emergency Fund: Understand the critical role of an emergency fund and how it prevents financial setbacks from turning into disasters, giving you the confidence and security to face unexpected expenses.

4️⃣ Paying Off Consumer Debt: Dive into strategies for tackling consumer debt, including the psychological benefits of paying off smaller debts first, to gain momentum in your debt-free journey.

5️⃣ Investing in Roth IRA and HSA: Explore the advantages of Roth IRA and Health Savings Accounts (HSA) in tax-efficient investing, and how these vehicles can enhance your long-term financial health.

🔄 Redefining Payday: Shift your mindset from viewing payday as just another day to clear bills to a strategic opportunity for wealth building.

📊 Budgeting with Purpose: We delve into creating a purpose-driven budget that aligns with your financial goals, ensuring each dollar from your paycheck is assigned a meaningful role.

📈 Achieving Financial Independence: Finally, learn about creating and growing a taxable brokerage account, the ultimate step in building a robust financial independence portfolio.

👉 Subscribe for More: Stay tuned for more practical and actionable financial advice to help you gain control of your finances and build a secure future.

🗨️ Join the Community: Share your payday routine success stories and challenges in the comments. Let's learn and grow together in our financial journeys!

#financialeducation #financialindependence #payday

*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe 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.

[AustinMathias]

I am pretty positive that most Americans don't even keep track of how much money is coming into and out of their bank account. I know where every single penny is going and it's very important if you want to win with money.

[bubblechaser]

Thumbs up with first 10 seconds ... so many say this & then don't change a thing

[awesome]

I’m 21, just graduated, my student loans are on grace period. There’s a grand total of $15, 000 and I am in a grace period for one year.

I am currently working part time while I prepare for my exam (MCAT) and have no real expenses.

I am following your challenge and my hope is that by the end. I will have enough to sell my shares and pay off my loans before they start.

Currently at $300 in VOO and SCHD, following $5 a day strategy.

[nettoyageadriance]

Such a life-changing book! Thanks for breaking it all down!

[Lorenzoxxxxxxx]

I'm 25 and current use my employer match towards Roth IRA. I am all in there and do not have a 401k. Is this an okay strategy?

[Nooncie]

You gained a new follower I like your channel and the way you explain things keep up the good content

[Godfather]

Another great video! My job does 4% on 401k match and for awhile I was doing 14% myself but I feel like I’ve been also missing out on cash I could be investing on my own! Granted I was still doing $15 or so a day on my Roth IRA and regular portfolio on robinhood for awhile. But I feel like making my 401k contribution 6% is still a strong amount, plus with the extra money in my check I plan on maybe doing $20 or more a day in my portfolio/roth to get that rolling as a bigger boost!

[marcsarfati]

Credit/debt. That how people pay for things

[marywest]

Great advice but it's really difficult to not have a social life 😜🙂

[joseph]

I love your videos there very good and motivating most of all very important to build wealth little by little.Every week when I get paid I always take money and it auto mantically goes into my savings.And money also goes into my Roth IRA.And Brokerage account.I do this before I pay the bills.Its important to me because I come first not the banks or bills.People need to understand when u work a job u want to understand that your money matters and u have to make it work for you.If u dont save and invest your money all that work u did was for nothing and the value u lost in yourself and worth was worthless.I always had this mindset when I got my first job when I was 12 years old doing things around the house.saving my money its very important to me as a adult.

[complexnumbers]

Interesting take on paying the lowest balance debt rather than the highest interest. I did that with my student loans lol, even tho not mathematically sound, it feels kinda good

[jennh]

What do you recommend if your company does no match for your 401k?

[mimilane]

What do you recommend to invest in the taxable brokerage account?

[hbomb]

Hi.. can you advise on accounts to use for UK please??

[JustFC]

Great video as usual! Sent you an email. Keep it up

[jirensentry]

How do you do $5 a day? I get paid every Thursday!? Does that mean to add up and place it every pay period?