Episode 9: How to Bank Your First 100K

I speak from experience only, in hopes to inspire people in their own business and their own lives. If I can do it, you can too. But it was not easy. None of this has come easy.
I hope that one day I can do a show about banking your first million - aim big people, take risks, and fight through the pain until you reach your goals!
Commit to banking One Million
Make sure you have the proper vehicle
Hold on to any previous revenue streams
Get close to the revenue stream
Get really good at what you do
Stay broke
Don’t take financial advice from your broke uncle
Fight through the pain

#staybroke #reachinggoals #wealthycommercials #theberelsolomonshow

[judahtyreman]

Good video, I'm 18 and the Curator of the Sesula Mineral and Gem Museum in Radisson Canada. As a Jew, I was taught tithing from birth. It works. At 11 years of age, I opened my museum. I have accrued about $350, 000 in business and rentals, and a business book for kids that hit #1 on Amazon. I have been on many national TV and radio programs, International magazines, recieved awards, and more. None of this would have been anywhere near this level without the blessings of Creator in response to my giving. Thank you for your videos!

[williamadams]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[silvertrees]

Fast food restaurants earn in the millions and net income is beyond good. We are not all meant for the same thing. As we trust God he multiplies back to us. “Bread and butter concept is a great concept. Thank you.

[katharinalichtenberg]

Thanks for reminding me, that making money is not a bad thing. It's a proper goal that deserves attention and focus! ;-)

[wwiiznm]

Great video Berel! I'm 18 and I hit my first $10k last year. $100k Here I come!

[edwinhargrave]

Rabbi said it right protect your capital and to save as much as you can, so thankyou rabbi for your great financial advice.

[anna-lenameijer]

I don't agree that a $ 1.50 is a bad sale. It is God who multiplies and blesses you. He can make 300 persons show up at your bakery in 10 minutes. I have seen it happen. AND it's better to buy second-hand furniture cash when you start off and then exchange 1 item every month as you find it on sale. Key: stay out of debt. Don't pay interest to the bank. Grow as you go. If you borrow $$ to buy things, you end up paying twice for every item.

[renyang]

Thank you for taking time to share the Jewish way of financial management. Practical and doable to one who is passionate to better life.
God bless you more!

[StupidIsTheNorm]

Outstanding video Berel. Watching from across the pond

[Chanelnumber]

Wow thank you for sharing such great advice

[ronanbakker]

I'm going to do both Sales and IT and keep building that bridge. Thanks for the advice. The broke uncle is also a very relatable phenomenon. It's what it is. I love my family anyways. God bless you Berel for your great videos.

[fifidomalaga]

This man is a gold mine ❤, happy i found this channel

[ravsingh]

Hi Berel, I have recently just come across your channel. You have some great content and really useful advice.

Thanks for sharing. God bless.

[haveanawesomeday]

Would have thrown in this phrasing for "when protecting your capital":

If you have the cash. Borrow cheap money and finance it. Invest your own cash with higher return.

[arshie]

3rd video of yours I've watched on a binge. Great energy, great passion, fun to listen to...GREAT advice, subscribed!
"As the business owner, you've got a lot of money coming in, but you've got a WHOLE lot of money going out too." 🤣🤣🤣I love the watch! My only point of contention: Why not invest the money you save into coaching programs that make you more money?

[spider]

Wow...thanks for the solid advice! You earned my subscription, all the way from Mozambique!

[balluravi]

Good advice brother 😃 thanks for Video

[JESUS_Is_KING]

Cool video. I made my first 100k last year. I lived by rule 5 and 7 every day. Was hard but the pay off was worth it. I'm up close to 200k soon. I even talked with my brother last week and told him I'm looking for that 1 million mark now.

[ChukwukaStalor]

I feel attached cause I own a BANANA BRRAD bakery business in Nigeria and for now that’s my only vehicle.. Hmm