SHOCKING NEWS: Why Making a Six-Figure Income Isn't Enough Anymore!😳

In this video, Anthony is reacting to an article that claims making a six-figure income isn't enough to live comfortably in today's society. Today he is debunking this myth and sharing 4 practical ways you can make that 100k income stretch further than you might have thought possible to empower you with strategies and insights that can help you achieve financial freedom and live the life you desire!

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Hey, fam! I’m Anthony and I’m here to help you discover your authentic self and achieve spiritual, financial, and mental freedom. I know what it’s like to be in debt and homeless - I’ve been there. But with the grace of God, I was able to turn my life around and I’m now helping others to do the same.

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[V.stones]

I finally hit six figures last year, and I thought I’d feel more secure. But between mortgage payments, childcare, and everyday expenses, it’s like the money just disappears.

[nastystew]

Im doing just fine making 100, 000 a year. Stop spending on unnecessary things. I SAVE $5500 A MONTH and thats after my mortgage and bills. My cars are paid off. I don't buy clothes or shoes every month and i eat at home!

[LivewithoutLoans]

Spot on! Writing down your budget really matters. When we got out of $100k of consumer debt in 2019 (car loans, student loans, credit cards), that helped us save our 20% down payment for our new build home! And we are on track to pay the house off by 2025 and be completely debt free! Your mindset with money matters more than anything.

[elsf]

100k is enough if you have zero debt. That’s my prayer to be debt free. Currently unemployed due to a lay off and I was making 80k. I was doing ok but I wasn’t living. I stayed home all the time because outside cost money

[Nustart]

Makes me sick i manage my frugal spending and get by with 40k as a new grad 100k would feel like generational wealth to me and I would def treat it with respect

[KSTPgames]

this video is an absolute gem. it maintains the perfect balance between providing insightful financial information and keeping the audience engaged. I am learning more about finance, and your channel has given me a TON of useful information. Thank you!!

[jw]

Remember now, 100k is really about 75 or 76k after taxes

[-h]

I only make 60k a year. But I don't own a car, don't buy anymore clothes or shoes unless it's a special occasion and eat and drink at home. I stopped being generous at peoples birthdays, Christmas, valentine and all those days designed to trigger EMOTIONAL spending. I may do a concert once or twice a year but no sports games and such. It's a matter of reigning in unrestrained and unnecessary wants.

The pandemic taught me how much nickel and dime loss of money our society programs us with. I SAVED big time because there was nowhere to go. Now I save at least half of whatever comes in and have a little gold, a little silver and two high yield cds.

The three keys to financial prosperity I learned are discipline, discipline and DISCIPLINE!!!

[KSTPgames]

It is essential to have multiple streams of income that generate consistent income. Also, it is crucial to budget as well. The people living paycheck to paycheck are living outside of their means. With inflation, 100k is a little money, so doing some financial research and planning is essential before you spend.

[BubblyChicaLife]

Can you do a video on how you strategically grocery shop for yourself? I would love to see the store you shop at, what foods you buy, and your overall strategy on saving in that category.

[amGrinding]

I make 100, 000 a year and only make $5, 000 after taxes no way you can save $5500, but definitely maybe a few hundred

[A.Shawnee]

How the heck are they only paying 225 on utilities? Heck, that's a light bill in the summer in the south alone.

[PatsyHudsonPemberton]

I don't make 100k if I did I will be ok because I am not a materialistic person so it would work for me. Thank you, Mr. O'Neal for all you do. Have a blessed weekend. 🙂❤

[johnbrown-clsj]

Great Brake Down Anthony! Many people don't look at the money on paper in a logical approach. That is the analytical skill set that we all need to keep in the front of our minds.

[MobileHomeGeek]

Yep..living above their means..keeping up with the joneses!! 100k is enough for me..compared to other countries around the world 🌎..we are sitting well..it matters how much you keep

[missj]

Everything is expensive nowadays, and you do not have much disposable income left, after investing in 401k/investments, savings, paying mortgage or rent, food, utilities, tithes/offering, car loan/transportation, school loans, other loans/bills, insurance, entertainment, hair, etc. It also depends on the state you reside in when you are paying rent or mortgage. However, with two combined incomes, it should be manageable, but harder on one income.

[akosuamroney]

$1000 for an emergency fund is not enough living in NYC in my opinion. It’s a struggle for me. If possible, I think $5000 is a more comfortable safety net. This is my personal opinion, I guess for my situation just in case s&@$ hits the fan. I’m definitely increasing this total over time. But overall, I agree with Anthony.

[saritamoorebansa]

Great segment ❤❤❤❤ Loved the breakdown of income. However, I did not hear you mention what I call peripheral costs. I make six figs, but I have angst with the following costs, which you don’t pay monthly but you have pay
Car insurance ( two regular cars)
Car maintenance ( gas, oil changes, new tires, brakes..)
Life insurance ( paid annually)
Home Maintenance ( new washer, fix the dryer, Trugreen service, Fall /Spring yard cleanups, Fix broken shower… etc)

[ebo]

The problem I see here is the transportation costs. They should get rid of both cars, buy a used car with that "play money" You cant have play money with high car payments and student loans. Now the grocery bill for 2 is about right. Food prices are extremely high and that's for groceries not eating out. GET rid of that brokerage account too.

[esselfly]

The average US household income doesn't mean much at all. What matters is what is the cost of living where you live. In CA for example you need around 230K a year to be able to afford a house and normal life. That is why people making 100K+ in big cities feel like they're living paycheck to paycheck.