Jesse chats with two people that are passionate about personal finance and share a common trait: they are high income earners. YNAB doesn’t often talk about people earning high incomes, but contrary to popular belief, earning a lot of money does NOT mean you don’t need to budget!
As Ivan Smirnov and Daniel Chen attest, high incomes often come with high cost of living areas, where housing costs can run well into the 7 figures for homes or multiple thousands for rent. High income can also come with lifestyle inflation, as well as debt from post-graduate student loans and professional programs. Both of these things (and much more) can be managed with an effective budget, and Ivan and Daniel share their tips in keeping their costs under control and managing their investments using YNAB.
Ivan Smirnov is a software engineer at Google, and he loves to share his personal finance journey and YNAB power tips with friends and co-workers. He writes occasionally for a couple blogs: https://ivansmirnov.name https://ivans.io
Daniel Chen is a former Big 4 accountant, personal finance entrepreneur, and currently the Head of Business Development at a personal finance educational startup Brightside. You can find Daniel on twitter: https://twitter.com/chenthusiast?lang=en
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#budgeting #youneedabudget #ynab Video Rating: / 5
Busy professionals work for their money. But what happens when you stop working or are unable to work? Discover how high-income earners can build wealth away from their day jobs.#wealth #income #tax
04:58 – How Do Professionals Get Started In Investing?
08:51 – What Level Of Financial Education Is Required To Be A Successful Investor?
12:32 – How Can You Determine Your Purpose For Investing?
17:43 – How Has COVID Impacted Investing?
19:44 – How Can Investing Provide Tax Relief For Professionals?
22:34 – Why Do Professionals Oftentimes Not Hire Professionals?
28:33 – How Can Professionals Determine If They Have A Mindset Compatible With Successful Investing?
Tom Wheelwright, CPA is a Best Selling Author, Entrepreneur & Worldwide Authority on Tax.
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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction. Video Rating: / 5
A high income skill is a skill you can learn without getting a special degree, which has the potential to make you a high income (above ,000 a month). In this video, we will go over 5 high income skills you can start learning today
Subscribe To Our Channel: http://bit.ly/M2YouTube
Recommended:
Things You NEED To Understand About The New Economy: https://www.youtube.com/watch?v=Ziya5w6BELg&list=PLKsS_EjCEmdpTPQF64uDehmbsuHkB5P-i
Investing Your Money: https://www.youtube.com/watch?v=U7tJn4qv8Lk&list=PLKsS_EjCEmdojUw_JdJgLKkyPiGJphcmK
The 5 BEST High Income Skills
0:45 – The question is what are the best high income skills for 2020 and what is a high income skill
1:48 – High income skill #1 – Learn how to sell strategically // people hate being sold to but people love buying things
4:18 – High income skill #2 – Digital marketing by helping businesses market their brands and products online
5:20 High income skill #3 – Money management by building a system so you know how to build your wealth
6:19 High income skill #4 – Knowing how to write through digital copywriting and writing sales copy, and all sorts of written content online
8:18 High income skill #5 – Taking risks strategically – with no risk comes no reward, you need to know how to take risks strategically
What Is The Minority Mindset?
We are a financial news & education company. The Minority Mindset has nothing to do with the way you look, your ethnicity, or your skin color. It’s the mindset of thinking differently than the majority of people when it comes to your money. #MIH #GetMoneySmart
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See more & read our blog! http://www.TheMinorityMindset.com
This Video: https://youtu.be/gCrWWFKfvW0
Channel: https://www.youtube.com/MinorityMindset
Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated – but there’s no additional cost to you.
DISCLAIMER CONT’D: Jaspreet Singh is not a financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence. Video Rating: / 5
I have been involved in financial planning for over 33 years. I started out as a high volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few.
I post videos regularly so if you have any questions of comments feel free to email them to…
