If you’re stressed or worried about money, your life could be robbed of happiness, joy, and fulfillment. My entire life, until the age of 35, I was broke. Around 35 years old, I finally scrapped together $5,000 and started a side hustle. I finally had enough money that I didn’t have to think about it every day. $5,000 was my FU money. For the first time, I didn’t worry about the stress of money, and something amazing happened. I was set free. I was liberated! I started to enjoy life and was able to think about things other than money.
If you’re tired of being broke, you’ll love this video because I will give you the secrets to follow. The inspiration for today’s video is the Alpha Mpire channel, where I’m building a community. Over the past few months, I have been building a community for entrepreneurs. The premise of the Alpha Mpire Community is to help men like yourself build a side hustle to generate a minimum of $10,000 a month. I have had 19 different businesses over the years, and I’ve learned a lot through those. I’ve created blueprints and step-by-step guides to get you where you need to be.
The other promise behind this community is that men will have a place to go for weekly calls and coaching with Q&A sessions. The community will be a network to help each other. Sign up here if you want my mentorship to get out of debt and build a business. We will be capped because I want to make the community manageable and actually deliver on the promises.
Here’s how not to be a broke ass.
Punch your ego in the face. Until you’re willing to do whatever you need to do to not be broke, you will always be the person asking for handouts. You will be waiting for something to happen. Be willing to do anything if you’re serious about not being broke and doing something amazing. You cannot think that a job is beneath you or not up to your standards. I was literally willing to do anything other than ask my wife for money or ask my mom for help. I did not want to feel like a loser when I was broke.
Get your spending under control. Until you understand that you don’t need to buy all the stuff you’re buying, that you don’t need to go out to eat, that you don’t need to be living in the place that you’re living, that you don’t need to be driving the car that you’re driving, you will continue to be broke. You need to have extra money, so you need to lower your bills and expenses and stop buying stupid shit.
Reduce your expenses. Get your living expenses down as low as possible, which means possibly moving back in with your parents. I know that would suck, but you might have to do that to right your ship. You may need extra roommates to share expenses; you may have to go from a two-bedroom to a one-bedroom apartment; you may need to lower your car payment; you may need to get rid of that high-interest rate. Understand what your budget is and live below your means. You will only be financially free once you do.
Know what’s coming in and out. Write down your budget. If you have a lot of high-interest credit cards, stop using them. Stop buying things on credit altogether. The sooner you can get out of debt, the sooner you’ll be on your way to having FU money. Debt is the devil. So, if you need to get a second job or even a third or fourth job or if you need to work weekends, do what you need to do, and don’t be afraid of working your ass off. Many people think they need ‘me time’ and free time when what they need to do is not be broke. Work overtime or figure out a side hustle.
Have multiple streams of income. The more income streams you have, the better off you will be because when one goes down or something happens, you have others. You will not be in a position of weakness like someone putting all their eggs in one basket.
Take action. If you’re serious about not being broke, it’s time to take action. Think about where you would be today if you started your side hustle, business, or investment when you first thought about it. How long ago was that? 6 months ago? 6 years ago? Think about where you would be today. It is time to stop making excuses and get your head out of your ass. Take action. Have a plan, execute it, and stay focused. Pay your bills on time while building your credit. Do what you must to get out of debt and get better credit. Use your extra cash and invest.
Make money while you’re sleeping. Until you figure out a way do this, you will work until the day you die. Have your money working for you while you’re sleeping. Invest whether in the stock market, 401-K, yourself, or a business.
