6 Places Your Money Needs to Go (for Financial Freedom)

This week, I’m sharing an easy, yet effective six-step system to reach financial freedom. What do you do with your money after you’ve been paid? Where do you spend money? Do you have multiple bank accounts? This video will briefly explain the six places that you might want to consider putting your money when you receive a paycheck. On this channel, I will show you exactly how to cut expenses, save money, and create a better financial future.


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Books referenced:
The Automatic Millionaire by David Bach

Helpful books about investing for beginners:
Rich Dad Poor Dad
Money: Master the Game
Millionaire Fastlane

DISCLOSURE: Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.

I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

[matthewcastillo]

agree bro! Always have to have 6-12 months of reserves first! I tend to fall closer to the 12 months mentality. Good idea on putting it in a high yield account, I havent thought of that!

[peachradvan]

This is great! I had never thought about a retirement fund! Or, for some reason, about putting a percentage rather than a dollar amount. I think that'll help greatly in not feeling like I've failed if one week my income is lower, or overspending if another week it's higher. Awesome job David <3

(also p.s. I love that when you said 'let's get straight into it' you were actually straight into the video!!! haha it's a silly pet peeve of mine when I hear that like 3mins in)

[mechelleeguia]

I want to read Ramit's book! I like his principle of looking for ways to earn more vs. cutting on every corner. Thanks for sharing your knowledge, David! ☺