4.8 • 7.8K Ratings
🗓️ 3 April 2023
⏱️ 11 minutes
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In this clip we discuss the 3 major tiers that everyone needs to achieve on the road to becoming wealthy.
#earny
ourleisure #wealth #investing
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0:00.0 | What are three major tiers of financial security |
0:04.4 | that everyone needs to hear needs to strive for? |
0:09.4 | What are three tiers? |
0:11.3 | This post will borrow every time I post it, it usually does. |
0:15.1 | But the first level of security that you want to get to |
0:17.6 | is $100,000 invested in the market. |
0:22.1 | Now, I've always said that you won't feel safe |
0:25.0 | until you get to a minimum $100,000 to $600,000. |
0:30.2 | Invested, I know that number is scarce in people. |
0:33.6 | But our job on the show is to tell you the truth, |
0:35.7 | even if it's a scary thing to hear. |
0:38.4 | $100,000, here's a quick exercise. |
0:42.6 | Multiply what your bills are now times the next five years |
0:47.3 | and let me know how much money and chat you would need. |
0:50.8 | And for disaster, it happens to not work for the next five years. |
0:53.9 | So $100,000 is level one. |
0:56.7 | From the people that I've talked to that are doing really well, |
0:59.4 | the second tier that you want to get to |
1:01.1 | is like a level of like financial piece. |
1:03.7 | That's the $10,000,000 mark. |
1:06.5 | So now, I know some people like that don't have it. |
1:08.8 | I don't know how I'm gonna get there, |
... |
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