Why I don't spend money.

Video Description

So I think it’s no surprise, for those of you who’ve watched my channel for awhile, or who know me in person, that I’m pretty frugal…here’s why I don’t spend money. Enjoy! Add me on Instagram: GPStephan The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF (Limited Time Only) Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ Merch: http://www.GrahamStephanStore.com/ My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB The video summer up: I try to save 100% of my income by ONLY living the extra cashflow my rental properties generate, and it doesn’t matter how much I earn every month. I’ve adopted this mindset that I live by: I only earn what my money makes me. It doesn’t matter how much I make every month, I ONLY care about how much THAT money will make me INDEFINITELY if I invest it…and THAT is the amount of money I think I actually earn. So if I have $100,000 net income in a month…that’s not $100,000, and I don’t have a lifestyle like I’m making $100,000 per month. Because FOR ME, that $100,000 is REALLY worth $300 per month…for the rest of my life. That’s how much $100,000 will buy me in inflation adjusted passive income, without ever worrying about running out of principle. And when you see that $100,000 equals $300 per month…now you can understand why I’m not out there ballin with over the top luxuries. I can MAYBE increase my lifestyle $300 per month for every month I invest $100,000...but that’s about it. Now call me pessimistic, or maybe I just have a realistic approach to all of this…but I’m not naive to think that this type of income will last forever. While I would LOVE for it to continue indefinitely, and I have NO intention of ever stopping, and I intend to be at the level of Grant Cardone, Gary Vee, and Dave Ramsey one day…I just realize that things change over time, and nothing will continue on indefinitely. ESPECIALLY on Social Media, I’ve seen people come and go every few years…it’s just the normal cycle of things. And while I definitely intend to have as much longevity as I possibly can, I realize that just as quickly as my income scaled up - it could go down. Hopefully it doesn’t go down though… I just really believe it’s smart to PREPARE for these things because life happens, and things outside of your control can and will come up…and then at the same time, focus on how you can continue growing and expanding so that it’ll last as long as it possible can. Cautiously optimistic is a good way to sum this up. And here’s the thing…at the end of the day, money is really just about giving you OPTIONS. It’s about having the OPTION to pursue what you enjoy the most. It’s about having the OPTION to sleep in if you feel like it. It’s about the OPTION to focus your time on what means the most FOR YOU. So what DO I spend money on, then, if I’m so frugal? Well, besides index funds and real estate…which is basically where all my money goes..I spend it on things that really bring me value. Like I found a good deal in Las Vegas for $22 all you can eat sushi…and to me, that’s basically me splurging. Beyond that…I really don’t need to spend money to make me happy. I like sleeping in, I like doing some light gardening in the backyard when it’s warm out…which is like every day here in Los Angeles, I like hanging out with good friends, I love a good conversation about random stuff, I love having the creativity to make youtube videos. That’s what makes me happy. And for everyone watching, I guess the main takeaway here is that money’s main purpose is to give you security, and give you the option to pursue what you feel is best! For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected]