Everybody says the first 1M is the hardest but I think the first 10k is the hardest, because everyone can get to 1k when they get paid but 10k is hard enough but not to hard to make it real challenge.

So just like everybody on the internet has a morning routine, I have paycheck routine or ritual or habit. It's what I did back then and I do now to make sure my money is not wasted. So watch this video and use these techniques to get you to your 10k and when you get their send me a DM I want to hear about it.

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1. Baseline aka Budget:

-One big mistake I made when I first started doing this was

-I would take all my money basically and say I was saving it and then obviously I would need money and dip into my savings

-And before I knew it, I wouldn’t have anything left or I would spend more that I needed to ( I remember back then a need to me was buying a pair sneakers a week, I did it for 23 weeks until I figured out it wasn’t a need )

Baseline: is the amount of money you can Live on Comfortably and maintain it without any problems

-Apartment or Mortgage: For me its $300 a month ( great rule is no more that 33% of your Money ) for me I set aside 3-5% for this

-Utilities: Lights, Water, Gas , Phone Bill, Internet, gym and Health insurance: for me it's $313 .75 ( I cancelled subscriptions, negotiated phone bills and got high deductible health plan to save money )

-Groceries: I spend about $300 a month here also ( don’t cut here first, if you wanna save start at the top with where you live first )

-Transportation: Gas, car wash I spend and insurance I spend $76.67 (having a paid off car, used and reliable helps even if your car year start with a 1)

My base Line is like $1,005.42 ( so first thing I take when I get paid is $1005.42

-If you get paid weekly, bi-weekly or monthly take that money first

-That’s the money you need to live

-If money is left over here what you do next ( if no money is left over, you need cut things out, make money, or get a side hustle )


2. Goal: Short term ( 5 years or less ) and Long term ( 5 years or More )

-So with the extra money I have left over this what I do

-I know people that try to each goal at the same time, that’s stupid

-Do one at a time, what you focus on gets done a lot faster

First Goal is to Short term : BE Debt Free ( all my extra money goes towards paying this )

Second Goal Short term: Save a Fully Funded Emergency account ( once debt free I save 3-6 month's worth of my baseline )

Third Goal Long term: Invest 10-20% into index funds and save the rest to buy a home and pay it off early


3. Routine/Plan

-So in real life this is what this routine looks like

-Let's say I get paid $100 a month total

-My baseline is $70

-I got left $30 ( I use the money for one of my goals, and that’s it )


So the good thing is:

-Because my baseline has my coffee

-My gym and the thing I like I don’t have to worry about feeling like I'm missing out on something


You can make this system even better by adding extra accounts:

-Fun account

-Charity account so you don’t mix things

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.