FREE 5 Step Money Making Blueprint:
Follow Me On Instagram: @ryanscribnerofficial
Ready To Start Making Money Online? 🙌💸
FREE 5 Step Money Making Blueprint
My 7 Online Business Secrets For 2019
FREE Affiliate Marketing Course
Steal My Business Model
Affiliate Marketing Facebook Group
Ready To Start Investing? 🤔💸
WEBULL: “Get a FREE STOCK just for signing up!”
BETTERMENT: “Passive investing, they manage everything for you.”
FUNDRISE: “Passive real estate investing, 8 to 11% returns.”
M1 FINANCE: “Invest in partial shares of stocks like Amazon.”
LENDING CLUB: “Become the bank and make interest on loans.”
COINBASE: “Get $10 in free Bitcoin (when you fund $100).”
MY INVESTING BLOG: “Learn how to invest today.”
Ready To Keep Learning? 🤔📚
Learn A New HIGH INCOME Skill
My Favorite Personal Finance Book
My Favorite Investing Book
My 2nd Favorite Investing Book
My Favorite Personal Development Book
Not a fan of reading? Join Audible and get two free audio books!
DISCLAIMER: Ryan Scribner, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Ryan Scribner’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.
HOLDINGS DISCLOSURE: Ryan Scribner holds the following stocks: General Electric (GE), Alibaba (BABA), JD(.)com (JD), Facebook (FB), Apple (AAPL) and National Grid (NGG). While reasonable steps are taken to keep this information updated, this list may not be the most current.
you know before making this video I was just thinking back to some of the greatest things that I learned in my days in school we sure did learn a lot of great stuff in school didn't we for example if you give me the link of two sides of this right triangle here I can actually tell you the length of this third side right here pretty useful stuff huh I can also write in cursive play hot cross buns on a recorder and I can even spell boobs on a calculator my favorite lesson in high school though was how to become a millionaire with just five dollars a day wait a second I didn't learn that in high school did I did you guys learn that in high school did anyone learn that important lesson in high school or was that just left out when we were learning how to cite a source using correct MLA format my point here is about 99% of what you learned in school is useless information and this is a very important lesson that was left out that I'm going to share with you guys today I'm going to show you how to become a millionaire with five dollars a day this is the magic of compound interest pretty magical all right so the first thing I want to point out to you guys is this you cannot save your way to millionaire status one of the most common things people tell you to do if you're looking to grow your wealth is to save your money and put it in the bank that is the most stupid piece of advice anyone could give you because that is a guaranteed way to lose money I'm going to explain why that is so first of all if you have five bucks a day can you simply save your way to millionaire status absolutely not here's an example let's say for whatever reason you were able to save five dollars a day from the day you were born to the day you were a hundred let's say you even lived to be a hundred years old if you save five bucks a day for a hundred years it will have one hundred eighty two thousand five hundred dollars that is a far cry from a million dollars so unless you're planning on living past five hundred years old you cannot save your way to millionaire status second of all interest rates in a savings account do not keep up with inflation so you cannot put your money in the bank and expect it to keep up with inflation so in 2016 inflation was two point one percent okay the average checking account pays zero point zero five percent interest on the money you put in there so here's just an example in terms of how much money you're losing by keeping your money in a savings account so ten thousand dollars in 2015 is equal to ten thousand two hundred 10.20 sixteen based on that two point one percent rate of inflation now let's say you had ten thousand dollars in your checking account over that year as well so you're ten thousand dollars grew to an astounding dollar amount of ten thousand and fifty dollars at that point so you made fifty dollars okay also known as you just lost one hundred sixty dollars of value maybe that doesn't sound like a lot of money but if you had a hundred thousand dollars in there you just lost sixteen hundred if you had a million dollars you just lost sixteen thousand dollars because your interest rates are not keeping up with the rate of inflation so that is why a savings account is a guaranteed way to lose money so when people recommend you save your way to retirement or you save your way to being rich that's a guaranteed way to lose money there you're basically guaranteeing that you're going to fork over a lot of money because you're not going to keep up with the rate of inflation with what these banks pay you as far as interest goes so what is the solution to this problem I'm going to give it to you right now I'm going to show you how to become a millionaire with five bucks a day all that I ask you guys to do is subscribe to my channel and drop a like on this video and help this message be spread to other people out there who are stuck saving money in a bank account all right guys here it is here's how you become a millionaire with five bucks a day no this is not some course that I'm selling for a thousand dollars on how to become a millionaire that has 40 hours of video content this is this is four steps four steps guys and you can become a millionaire with five dollars a day okay here's how you do it number one set aside five dollars each day I'm talking about the amount of money you probably spend at Starbucks every single day at the end of the month you will have one hundred fifty dollars saved up okay what you're going to do with that money you're not going to put it in your bank account you're going to invest that money you're going to invest in a diversified portfolio of blue-chip stocks and investment-grade bonds okay for those of you who don't know blue chip stocks are these stocks of well-established companies they have a very high market capitalization they are things that have been investing in for many many years and over the last 100 years on average blue chip stocks have paid a 10 percent return you're also going to be investing in investment grade bonds these are high-quality low-risk bonds over the last 100 years these bonds have paid out on average 6% what I recommend doing is investing 50% of your money in blue chip stocks and 50% of your money in investment grade bonds over the last 100 years on average this portfolio page you 8% return on your investment you're never going to sell you're going to leave it there and you're going to let it compound over time you're taking advantage of compound interest now you may not have enough money each month to invest but you're going to save that money and when you do have enough money you're going to buy more shares of blue chip stocks and you're going to buy more investment grade bonds okay after 50 years now we're talking 50 years I know that sounds like a long time but like we said before if you save five dollars a day for a hundred years you'll have a hundred eighty two thousand five hundred dollars okay so now we're talking about half the time 50% less time we're talking 50 years okay you do this for 50 years and due to the magic of compound interest you now have a portfolio worth 1 million thirty two thousand seven hundred eighty six dollars and 28 cents you just became a millionaire for the price of a starbucks cup of coffee each day why is this lesson not being taught in school I have no idea it's very frustrating to me that's why I started this channel on YouTube they try to educate you guys on the power of investing and how it can really change your life anyways guys that's all I got for this video if you guys enjoyed it please drop a like please consider subscribing to be notified of any future uploads and please please share this video with other people so they can have their eyes open to the magic of compound interest and how you can become a millionaire with five dollars a day thank you guys for watching this video
Please, tell me, have you ever dreamt of becoming a millionaire? A beautiful life, a couple of planes, a mansion in the Caribbean and a company producing your favorite kind of sweets… Well, why not? Real millionaires can afford all this! But yeah, not all the owners of huge fortunes like to waste money. Even if they have the opportunity to live a luxurious life, they are still modest and thrifty people. Or they just hide carefully their wealth and luxury items, so that no one could ever find them. And now we are gonna show you the most modest rich people.
hi guys please tell me have you ever dreamt of becoming a millionaire a beautiful life a couple of planes a mansion in the Caribbean and the company producing your favorite kind of sweets well why not real millionaires can afford all this but yet not all the owners of huge fortunes like to waste money even if they have the opportunity to live a luxurious life they are still modest and thrifty people or they just hide carefully their wealth and luxury items so that no one could ever find them and now we are gonna show you the most modest rich people Tim Cook Tim Cook has been the CEO of Apple for six years now he managed to accumulate a solid capital during all this time according to various sources his fortune exceeds 500 million dollars just imagine that pile of money imagine how many things you can buy however Tim leads a modest lifestyle for a millionaire he likes cycling and wearing simple office clothes also his house in Palo Alto is only 2,400 square feet that is practically a hut compared to other properties in the Silicon Valley when asked about his lifestyle cook states that his modest lifestyle helps him remember how he started and where he comes from besides he says that money is not a motivation for Sergey Brin it's probably a bit strange to see in this list a person who actually possesses two personal aircraft and elite properties but Sergey Brin one of the founders of Google sticks to the principles of saving despite having a fortune of more than forty billion dollars for example he purchases a special annual discount in a store chain of inexpensive clothing where he renews his wardrobe yes you got it right the person who created Google every year purchases a discount card in an inexpensive clothing store moreover Sergey Brin hasn't changed this tradition in many years but if his love for cheap clothes seems to you an insufficient argument then here are some more facts Brin says that he always compares prices in stores and buys products where they are cheaper and he never leaves anything uneaten in a restaurant Mark Zuckerberg who doesn't know the founder of Facebook Mark Zuckerberg maybe you've even seen the movie where Jesse Eisenberg portrays him but if you haven't seen it don't worry according to Mark himself the film wasn't very truthful today one of the richest technological magnates despite having an impressive capital of more than 71 billion still looks like a poor student and is clearly not going to change his lifestyle he wears simple sweatshirts and Adidas flip-flops and he has about two dozen absolutely identical t-shirts with the logo of a well-known social network in his wardrobe of all the food Marc prefers McDonald's even during the wedding trip he didn't change his tastes and was seen in one of these restaurants with his young wife by the way the wedding was also very modest they got married in the backyard of their house with only 100 guests and after the ceremony they all had sushi it doesn't seem like we are talking about the founder of the most popular social network in the world right Warren Buffett the 87 year old American entrepreneur and head of Berkshire Hathaway Warren Buffett is not only the world's the largest investor but also a very modest man he even complained to the US government that he pays not enough taxes despite his multimillion-dollar fortune Buffett still lives in his old two-story house in Omaha which he bought back in 1957 like Mark Zuckerberg Warren prefers to eat fast food he liked one fast food chain so much that he bought the whole chain according to the billionaire he tries to avoid luxury goods because any expensive purchases are an extra pain in the neck although this didn't prevent Buffett from buying several private jet planes but what can you do even the most modest rich men have weaknesses invar comprar IKEA founder Ingvar Kamprad is sometimes called the most modest billionaire in the world and this is quite right in one interview he revealed that his car was more than 15 years old but if this can be explained by some touching affection for his Iron Horse the economy class flights clearly show his tremendous modesty in addition on business trips the billionaire stays only in three-star hotels uses mainly public transportation dines in small restaurants and even eats hamburgers according to Ingvar his whole house is fit out with expensive furniture from Ikea with the exception of an old chair and a clock he has been using this chair for more than 30 years and obviously he doesn't plan to part with it after all says Ingvar new is not always better
SUBSCRIBE to the OFFICIAL BBC YouTube channel 👉
LAUNCH BBC iPlayer to watch full BBC programmes online now 👉
A pair of ex-politicos go from Westminster to the web as they attempt to take on the energy market and the Dragons.
Watch Dragons’ Den on the BBC:
Dragons’ Den | Series 16 Episode 2 | BBC
my name is Henry and I'm will we're cofounders of look after my bills our service minimizes the price you pay for gas and electricity because right now people get ripped off we all know that we should switch but we don't so look after my bills does the switching for you you sign up on our website in just a couple of minutes our algorithms get to work and then we move you to the best deal every year automatically you don't have to lift a finger that's the key difference between us and comparison sites with energy alone we're taking on and disrupting a market worth billions and we're offering 1% of our business for 90,000 pounds thanks for listening we'd love to take any questions a confident pitch from will Hudson and Henry to zut asking for 90,000 pounds for a tiny 1% of a website that automatically finds the best deal for your gas and electricity but the multi-million pound price tag appears to her ruffled tej Lala nice feathers hi guys will Henry hi wondering where to start well they should start with the evaluation how do you get to that figure and why do you think your businesses is worth nine million pounds it's a combination of our track record experience in this space but also the size of the market in front to us so right now people spend twenty nine billion pounds on energy in Britain alone they're 20 that doesn't excite me too much a lot of the time people come into the gym they're quote market sizes and say well because of that but let's start with more basics how many customers do you have because a valuation like that I presume you'd have a lot of customers on board be around 60 to 70 thousand who've done this which people have signed up for the opportunity to take our deals it's a larger number around 250 300,000 in terms of it before you set up the business four years ago what did you both do I've got a political background actually so I started off doing policy and think tanks I then was a special advisor in government so different approach to to Henry I actually did some work for the Green Party and I decided that I wanted to do what I could about big business not giving the best treatment it could to normal people and consumers will and I have been all for instance University I left government in 2014 we'd been talking you know as best mates for years about doing something together so we started the big deal what the business did to start off was one-off switches so we say people huge money with great deals but then the deals expired and they got to a higher price now customers asked us to start switching for them and that's where look at my bills comes in the entrepreneurs put up a robust defense of their valuation citing a growing business born out of consumer demand but Deborah maidens worried the new laws protecting personal data could short-circuit their chances of success well Henry do you see any changes in the legislation that's gonna stop you from simply being able to take decisions on your consumers behalf know the direction of travel in this space is all towards a service like look after my bills I'm sure you will realize that the energy market just doesn't work for customers because they don't keep engaging with the market and people of course don't switch because it's a complete pain in the neck and if you do it once you're certainly not going to get around to doing it every year thank you how many competitors have you got in this field the big players would be the large comparison websites they do normal switching manual switching in terms of automatic switching this really is an early green industry no one has established themselves a central player which is our aim there's been zero innovation in this market for twenty years price comparison websites look like they did 20 years ago big list that's it and still 60 70 percent of people do not switch there has to be some new innovation to change this and we think we're the ones that can do that a groundbreaking website that's also first to market it looks like the entrepreneurs have all the elements for success but Jenny Campbell wonders if they're at the mercy of the big players not joining their utility revolution energy companies whatever big one is choosing not to be on your platform because frankly it costs them money too I would call it slick their own throats yeah there's a race to the bottom we try to get people with the best price we can find and supply as they can trust now if a supplier doesn't want to engage with the service that gets customers a great deal year-on-year I'm not sure that's the kind of company that we want to be moving people to are you not compromised on independence because surely whoever pays you the most you know deal done isn't it I think ultimately all we can do is be totally transparent and honest with our users they know there might be cheaper dealers out there about some companies that we wouldn't necessarily recommend a rare occurrence in the den as the entrepreneurs reveal cash won't always be king on they're switching site Tesla Varney has quietly taken a reading of the numbers and is ready to supply his verdict on the proposition you guys want smart money right and there's a cost to having the value in the den what we're gonna prove I think what you need to do is to grow your brand and to build it create the awareness and that's what I can do and at the same time you'll need to raise money future and I can help with that too right I'm not gonna waste any time I'm gonna give you an offer the offer is all of the money but at 7% thank you thank you tage Levani provides an early boost for the entrepreneurs but the deal he wants is 6% more than the 1% on offer does Peter Jones feel the entrepreneurs have what it takes to look after an investment I think you've done incredibly well I really like the idea I think got a real chance of making this a success so I'm gonna make you an offer and I'm making this offer because I bring so much more value than – I don't have you so I don't need to compete with that I'm gonna offer you all of the money but in return I'd like 10% of the business technology guru Peter Jones electrifies the den using his track record to go in higher than his fellow dragon demanding a whopping ten percent of the company but does touka Sulaiman feel he can come up with a better deal impressive your impressive and I believe my offer can add great value to you so I will give you all of the money per eight percent I love this business for many reasons I think anything that disrupts the blinkin energy industry has got to be good news and I'd really love to be involved and what I really want to be involved in something I get quite competitive so I am gonna make you an offer and good off you all of the money but they want 3% of the business Debra Medan dramatically undercuts her rivals encouraging the entrepreneurs to switch to her deal of 90,000 pounds for just 3% Jenny Campbell can also be quite competitive is she about to turn up the heat in the dead the thing that I really really like is the ethical peace that comes through this you're launching today is about making energy companies honest at the end of the day and it's it's longer would you so what is there not to like I'm gonna throw a little bit of a curveball in and say that I would offer you 1/5 of the money for 1% which means you need to get the rest of us to agree mm-hmm do want to go and talk at the back guys yeah a full house Peter Jones offers all the money for a hefty 10% to KO Suleiman wants 8% taze LaVon ease after 7 Jenny Campbell wants 5% shared equally but Deborah Medan has been the most competitive asking for just three percent of the company having discussed it any now incredibly flat flattered we're willing to double the amount of equity we're giving away in our business from 1% to 2% but we need slightly more money we need to ask for 150 K for that 2% look guys I think you have to understand the real value here at 2% even a struggle you need to be a bit more realistic guys can I just say that I do understand the predicament I like it even more so just on that or half my offer so I will offer you all of the money ninety thousand for five percent not 10% this I'm afraid has to be our our final offer and we're really really keen to make it work 120,000 pounds for 2% of the business I didn't get out of bed for 2% that's for sure understand so on that basis I'm out touka Suleyman stays in bed refusing to give in to the entrepreneurs equity demands but is 2% enough to tempt the other dragons from under the covers I actually think it's a great shame because this could make a lot of difference to you we don't want to give up on you please please believe that this is as far as we can go I'm sorry guys No I'm out guys feel that you've taken the negotiation way too far and that shows to me there's a naivety in business that really concerns me and I think you will walk away from here now having completely missed a massive opportunity you're about to make one of the biggest mistakes of your life is that your final offer 2% so final offer on the basis of that's your final offer I'm out they've had five offers but now just two dragons remain our Jenny Campbell and Tesla Vani willing to negotiate okay guys here's where I'm at you asked for hundred and twenty thousand for two percent but I urge you to reconsider and see the value that the Dragons are going to bring we do I'll do one hundred twenty thousand but for three percent and that's my final offer it was very happy to bring Jenny with us both okay both is what we would like I would share with TAFE that's three percent so we're part by one percent you could walk away on the basis of one percent it's half a percent each there is no way that you two would do what 124 two percent as we as we describes well we gave you our final offer Jenny and finish we have a deal right ago she ations well done they almost lost it but having given away just 3% of the company will and Henri leave with a hundred and twenty thousand pounds and two switched-on dragons
In this episode, Matthew Pillmore, president of VIP Financial Education, shows you how to use the BEST budgeting tool / budget template for both personal finance and business finance – the Cash Flow Cruncher! If you’re looking to master your money then this training / tutorial is going to exactly how to do that – and specifically how to budget like a millionaire when it comes to YOUR 2019 budget.
Don’t let the word “budget” scare you though, because at VIP we are about managing your expenses in a way that still allows you to do the things you love to do. It’s not about cutting back on everything, it’s not a Dave Ramsey beans and rice approach to money management. It’s all about lifestyle design, high-income skills, progressive income (aka passive income), utilizing leverage intelligently (debt weapons), creative financial choices and ultimately financial freedom.
Matt walks you through exactly how to use the cash flow cruncher so you can start understanding where your money is going and make better financial decisions equally based on the facts and your goals. Want to learn how to budget your money in the smartest way possible? Want the best budget planning template we’ve ever seen? Of course you do 🙂 Enjoy the video!
* Get your FREE copy of the Cash Flow Cruncher spreadsheet below. It is our gift to you, our wonderful audience here on YouTube. Start crunchin’ that cash flow!
* Don’t forget to sign up TODAY for your exclusive one on one consultation at:
Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow through, utilizing some of the things Dave Ramsey teaches – optimizing your cash flow by decreasing expenses – however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We’re all about the best of both worlds.
Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you’ll love our channel! Be sure to subscribe!!
Want more actionable financial tips and tricks like this one? Check out our YouTube channel here
Make sure to check out our social channels for more insight and industry news!
Instagram (Lifestyle) –
BBB A+ Rating –
In order to be eligible for the ongoing contests you must:
A) Be Subscribed
B) Comment on this video
(We’d love to hear what you’ve learned from our channel and how it is impacting you!)
$25 Amazon Gift Card
3 winners selected each week to the end of 2019. First one to claim the win gets the prize!
Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as “VIP Financial Education”) are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided ‘as is’ and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content.
#HowToBudget #CashFlowCruncher #Money
#PersonalFinance #BusinessFinance #Budgeting #MoneyManagement #VIPFinancialEd
so I had a guy that came up to me after my last presentation at the investor success summit here in Denver there were about 400 real estate investors that attended that event and he said hey would you be willing to share with my audience the number one thing to getting their money right and I said you have to create a budget Novell Goddard who's the author of the book the power of awareness has a couple of really good quotes in that book the first is by changing your conception of yourself you will automatically change the world in which you live think about that the other quote that I love is change or accident is not responsible for the things that happen to you the power of awareness the power of awareness will immediately change your financial future which is why it is so important to budget and what I find is when people hear the word budget they automatically associate it with things like diets it's another word we hate but sometimes just knowing your diet what you eat is going to help you make better decisions with your behavior and I find the same is true with your budgeting use the cash flow cruncher we give you it is one of the single best budgeting tools that exists on the face of the earth and it is completely free to you our YouTube audience thank you so much make sure you download your copy we're gonna go ahead and walk through that cash flow cruncher here today so that you can see the value with which it brings and person after person after person almost all unanimously agree that the exercise of completing and keeping an updated cash flow cruncher will change your entire financial future enjoy all right so I realize that some of you have not gotten one of the single most popular budgeting tools available not to mention it's free and that is called the cash flow cruncher so what I want to do today is walk you through the process of downloading your very own copy it comes in the form of an Excel spreadsheet so it's very easy to use and it's quick to navigate so let's go ahead and walk through that process together the first thing you'll do is in their search menu you – cash flow cruncher calm which will take you to the download page simply type your email address into the field to claim your free copy and go ahead and select the red button immediately it'll pull up the download button which will open a new cash flow cruncher spreadsheet you can see I've already got a copy open and enlarged here for you to see the first page it'll open is the cash flow summary tab which is a non editable page it's very important to understand that this opening tab is will not require you to put any information into these fields this actually imports the data from the other tabs below now if you've ever used an Excel spreadsheet you'll navigate the spreadsheet by going to individual pages down here and it'll start with the revenue and assets page on this page you'll want to itemize each individual income that you bring in to the household or the business now it's always been my recommendation that you create an individual cash flow cruncher for your businesses an individual cash flow cruncher for your real estate and an individual cash flow cruncher for your household these are treated as separate financial ecosystems so you could put primary income here now there are two ways of filling this out I generally recommend putting this as your net take-home income initially it's much easier to do it that way and don't forget if you're paid every other week for instance every other Friday you technically receive 26 paychecks per year so you'll want to take if you're paid every other week your income your gross take-home income multiply that times 26 and then divide it by 12 months in order to come up with your average take-home income if you're paid infrequently such as commissions you'll also want to be using averages as well so we base most of our information on these cash flow crunchers on average revenues and average expenses since they often will fluctuate throughout the year so as a primary income if you're using your take-home versus your gross you'd simply put the take-home income in and you'll list any additional income sources that you have now the more specific you are the more you'll find value in this cash flow cruncher and when we're being specific we're trying to be as conservatively realistic about our numbers as possible so in order to err on the side of caution and create as many pleasant surprises down the road as possible we certainly want to make sure we're rounding for the worse to us in order to be conservative so let's say that we bring in two sources of income here for a total of $4,500 take-home you can see that we have FICO scores a and FICO scores B to account for a joint person household so you'll put in the varying credit scores and oftentimes many people will rely on the Vantage credit scoring provided by free sources like Credit Karma versus the actual FICO credit scores provided by Fair Isaac and that's because you don't have to pay to receive those credit scores whereas you do generally have to buy your FICO scores unless they're provided by a credit card creditor or a bank that you currently do business with so you'll put your various credit scores to start off your consultation which you'll have access to by the end of today's video inside the the rest of this revenue and assets page you can see that we've created sections for investments sections for retirement accounts sections for cash and when we talk about investments this is actually going to be alternative types of investments not real estate investments you can put your real estate investments down here in the assets field and you'll also account for them on the debts page if you do have mortgages associated with those current properties in the cash section you can lump all of your totals together so you could put Chase Bank and you can put a total of all of your accounts inside there you can select whether it's checking or savings if you want to specify which accounts they're in and you can separate these all out into aggregates should you choose to on the dets page you'll start to account for your liabilities these are any debts that you have both non mortgage and mortgage related balances and normally we will separate these out into street addresses okay we'll put a balance into the column in the appropriate column of each property the value is the estimated value of the home the original is the sales price that you purchased the property for and then the mortgage payment including just your principal and interest taxes and insurance will be noted here on the personal expenses page mortgage type is usually the term the du is the day of the month that it is required to make your payment and the percentage of interest that's associated with that balance and you'll include all mortgages here individually and so forth lines of credit will include both secured and unsecured lines of credits so this will include home equity lines of credit whereby you'll input your balance along with any limit that is associated with that specific line including minimum monthly payments same goes with unsecured and even business lines of credit if you're filling out a business-related cash flow cruncher now one of the things people really enjoy about this specific tool is the fact that it will calculate for you how much money is still available and what your utilization is you can see on this home equity line of credit where we've used twenty five hundred dollars of a fifty thousand dollar limit there's another forty seven thousand five hundred dollars still readily available as for this business line of credit where we've hypothesized a fifteen thousand dollar balance compared to an eighteen thousand dollar limit it's showing just three thousand dollars still available for use the minimum payment obligations relative to the balance owed will calculate what we call a target rate one of the things that makes this cash flow cruncher so uniquely special is that we have calculations and formulas here that help us determine the best course of action for attacking and eliminating debts the higher the target rate the bigger the impact against our cash flow so this is an incredibly important formula which no other budgeting tool we found includes you'll then put your auto loan inside here or multiple auto loans should you have any and usually we separate these by labeling the actual vehicle itself the value of the vehicle obviously is speculative and then the monthly payments will also be calculated along with the interest rate associated with that loan and then we go through and we itemize each individual credit card that we have available this is not just accounts that have balances while we do typically list those in order from highest balance to lowest we still do want to include accounts in here that have a zero dollar balance so let's say for instance we have a $12,100 current balance on an American Express account let's say we have an existing fifteen hundred dollar balance on the city account and let's say for instance that we have a zero balance on our city account with the limits being fifteen thousand 10,000 and say 2,000 will highlight here again some of the takeaways that you'll find by having this increased awareness regarding your overall financial snapshot in total we have 27,000 available with thirteen thousand six hundred being used and you can identify here the overall utilization on each one of those accounts as we continue to fill this out you'll find the target rates also will be calculated here for us as well and also down below where we've got a combined LTV this is totaling the loan to values on your properties which is very helpful when considering various applications for things like home equity lines of credit and in addition to these totals at the bottom of the page you'll also find that the total available credit is noted along with the combined utilization of each of these which helps you manage your credit scores and your overall borrowing strength as well so our motto obviously is credit capital and cash flow those are the areas that were always focused on optimizing and for that reason this specific spreadsheet caters to those priorities we're then going to visit the personal expenses tab where we can easily itemize each individual household expense that we are required to spend each month so we can manage an ongoing budget now this is where we're going to obviously rely on averages these are your monthly averages throughout the year things like automobile repairs automobile registration various tolls and parking of course car washes these types of expenses especially vary throughout the year as does some of this here things like babysitters food eating out things like lunches beauty and cosmetics and hair care taking care of ourselves anytime we donate charitable contributions costs of medical pet care and you know these these expenses vary almost every month and therefore again looking back over the last 6 to 12 months sometimes even longer is a very important exercise in order to determine what numbers you should be putting in here most people can have this cash flow cruncher completed in under 30 minutes now if it takes you longer than 30 minutes that can be somewhat of a drag but it does go to show you just how many moving pieces you have to work through and also potentially highlights that you're not necessarily focusing on it as much you should if you have these details readily available at your fingertips then normally you're on top of things and it won't be as difficult to fill this out there is a business expenses tab as well but as I mentioned previously I do recommend separating your personal household cash flow cruncher from any business cash flow crunchers as well as from your real estate portfolio cash flow crunchers when I'm talking about a real estate portfolio I'm talking about investment real estate you can go ahead and put your primary household inside your personal cash flow cruncher one of the most popular tabs here on this spreadsheet is the loan calculator page where as you've seen in many of the videos here on this channel we actually showcase just how much faster and how much less expensively somebody can attack and eliminate long term debt like mortgages and this is where you can come in and start to play around with applying things like lump sum payments let's say that on this two hundred ninety thousand dollar loan amount at a five point two percent interest rate we were to take $30,000 from a debt weapon and make a lump sum payment to this mortgage well this loan calculator would clearly demonstrate that that one decision alone could have a ninety one thousand dollar impact on our total interest saved over the long run in fact this would knock off a total of seventy six months and a total of six point three three years from the long term of this 30-year loan which is pretty impressive so you can come in and you could toy with this let's say you wanted to do that every ten months well on month eleven you apply another thirty thousand dollar lump sum from the debt weapon after this original lump sum has been paid back and immediately you can see with just those first two moves in under one year that two hundred ninety thousand dollar loan is going to end up costing us almost a hundred and fifty thousand dollars less in future interest costs so this is of course a very very popular addition to this tool and finally we have the action steps page and the financial future tabs which you can visit once you have your free copy in hand one thing I've loved about this cash flow cruncher is once all of the data has been input it will immediately come to the cash flow summary page and it will import all of that information so that by the bottom you can see what our total net cash flow and gross cash flow positions are once we're debt-free and we have forty two hundred and fifty dollars left over at the end of each month you can see the financial future here becomes very good and we can input different numbers into this rate of return field so that we can toy with what the future impact will be on all of our growth over time and this is basically showcasing the power of compound interest which is over here in this field so guys I hope you really enjoy using this cash flow cruncher tool it's free as a gift from us to you for being a subscriber of the channel so make sure you are if not already a subscriber go and hit that smash smash that subscribe button and in addition to that make sure in the description below you go ahead and visit the calendar in order to access your one free coaching session where we will look over this cash flow cruncher together in order to determine accurate timelines realistic timelines with which you can accomplish your both short and long term financial objectives we look forward to seeing you on the next video thank you so much for tuning in and enjoy your cash flow cruncher make it a great day