8 Secrets to Become Wealthy on Minimum Wage

How to become wealthy on minimum wage.

Awesome Goodies 👇

#motivation #inspiration #entrepreneur

Time Stamps:
00:00 Introduction
01:05 Invest no matter how little.
02:42 why you should start early.
04:00 Embrace frugality
05:07 Cutting Expenses
06:19 Get smart goals
08:03 Create and stick to a budget
09:17 Eliminate high-interest debt
10:36 Supplement your salary

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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
The Audible link, Skillshare, Coinbase and Moomoo are links are affiliate links meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.

[dianaroberti]

*Excellent content . Everyone struggle for financial independence and better life. It’s not difficult in achieving this through the right investment and taking the right steps toward it, I’m glad I learnt early in life to work hard for financial freedom*

[ARUchannel]

Also save a percentage like 15% or 20% and invest what you can... Try to live frugally and you will enjoy it

[sisimazwi]

To be honest, I really wish I learnt more about finance and invested in financial literacy 5 years or 7 years ago when I was working. My life would have turned out differently.

[siddharthanayar]

To become wealthy, there is only one thing to which we must give importance and that is to our "SELF"
Self confidence, self determination, self control, self discipline, self experience and self
This belief, concrete belief in our SELF can make us not only wealthy and also very successful...
Imp., we embrace our SELF in everything, it's equally important that we must discard our self ishness ...

[henryclinton]

You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.

[StupidIsTheNorm]

Hi guys, love your videos. Watch them all the time.

I’m a guy on minimum wage demonstrating how to become a millionaire on 10 years on minimum wage, so agree with you 100%

[nathanpieterse]

Time is the most important thing in life... Truth be told....
Always picture a hour glass daily!!!

[DetroitNinja]

I went Full On starting my Youtube channel. 2 years later, I'm at 51K subs.🤩 It was difficult at times but worth it.

[chasingsunset]

Luxurious living will make you look good on social media.while the real rich sees you as a fake...

[yvonnecamacho]

Great advice…but many people live way above their means to impress other people..then cry poor when they could have avoided it just by living within their means. impressing people doesn’t help your wallet or bank account, it could put you in jail though.

[hlpang]

The advice on investing is like telling you if you are dying in the desert, drink water.

[johnjude]

some people are so poor all they have is money💰💰

[bunnyboo]

Um from the start invest what if minimum wage doesn't pay monthly bills rent in some states eats the whole paycheck if there are a few bucks left car insurance phone are a must not extra if you want to keep that job if people are going back and forth every day to work its cheaper not having to lose the whole days pay sometimes more over to other transportation example retail sometimes only gives 4 hour sifts public transport both ways 80buck if someone makes 10 dollars hour they are netting negative for the day. if there is spare change after food is also important and plenty can't afford to eat daily.

[lifesimplybyritaj.]

This is on point! You need to be proactive like everything else in your life. Research and use the resources and services that are available. I don't make a lot of money and so I use public housing, public transportation and other services that are available. I pay $353 a month for rent. My transportation is free because of patriot pass through Miami Dade metro system. I have a lifeline phone. It is free! I get a check for $21 from the housing authority to go toward my light bill. My light bill is no more than $40 for the month. My medical is free because I go to the VA hospital even if my employer offers insurance. My funeral is free because I am a US veteran. I am 50 and I want to officially retire at 70. So I need to put at least $10, 000($100 a week into in betterment and $400 a month for fidelity)a year towards my savings and investments. I eat at work for free and so I save on food because I only buy the basic essentials(lose some weight in the process). I even go to the local pantry for can goods, bread, milk, whatever. Don't be ashame to do these things in order to save yourself from poverty when your ass becomes too old to lift a toothbrush to brush your teeth. I traveled to New York a month ago, planning a trip to Bali, Indonesia(change from mumbai, India) and planning another for next year to Lisbon, Portugal. I make 15 to 22 an hour and I am trying to get my consulting business off the ground and hopefully starts my channel on YouTube soon talking about this subject and other life lessons. Please note: I am starting from the ground up with $2500 in my account. With just my current income not including side gigs, I should be able to save at least $250, 000 to $400, 000 to include inflation cost once I turn 70 years. Due to a situation that I am currently going though, I went 8 years with no source of income. The situation got so bad, I just had to get any job including bussing tables and dishwashing. I hold a bachelors in finance and a masters in public administration. Thanks to Mr. Dave Ramsey, Suze Orman, that is my girl, Nerdwallet and Vanguard(did not open with them, large deposit) retirement calculator.

[p]

Your Health and your Time are the only riches yet you trade them for paper notes.

[KKKkiri]

It's not about the wage, it's about the mindset. How you accumulate.

[zacksweden]

I have a couple problems with these ideas. First, you'll never get rich on minimum wage unless you're very, very lucky gambling the money on "investments". Yes, investments are just gambling. There are safe investments, but none of these will remotely keep up with inflation. With compound interest, you might have double your money invested in 20 years, but it will buy half as much food and rent as prices will be 4 times higher. After an entire lifetime of investing minimum wage, you might have $200k or so, but you won't be wealthy. Second, the ideas on cutting expenses. People on minimum wage don't eat out, have streaming services, or anything but the most basic cell phone plans. Many can't afford a car or food beyond beans and rice after paying rent on their trailer park space. If you work for minimum wage here's what does work: Get a cheap but reliable car to live in. Park in a different spot each night, but not too far from work so you don't use so much gas. Utilize food banks, or if none are available in your area, make friends with people who qualify for EBT and have them buy you food for half price. People on EBT typically only use half for food and sell the rest to buy drugs. Check apartment dumpsters. When people move out they throw out tons of perfectly good stuff.

[estrella.]

Excellent video is just what you are looking forb aha sido util despeje michas dudas thanks for sharing

[JanithWickramage]

Love your contents always ... Keep up your great work <3

[diyaroy]

Just awasome vedio thanks sharing this vedio