Get RICH in 2023- Live like you’re BROKE | Spotify Video Exclusive
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What are the three big cost centers to manage for financial discipline?
When I was a wee lad, a young man, I lived on $1,500 a month, and believe it or not, during that period of time, while splitting a room, sleeping on the floor with another dude, I was taking home about $15,000, $20,000 a month. And the reason that I lived like that is because A, I'm incredibly risk-averse, but B, because I wanted to have money to go on the offensive later. If you don't know who I am, my name is Alex Ramosi, ownacquisition.com. It's a portfolio of companies. This is for $200 million a year. I make these videos because I want you to make shitloads of money and make a big company so that someday we can partner together and take it to $100 million and beyond.
How can finding like-minded individuals impact your financial success?
For me, making 20 grand a month was never an amount of money that I wanted to brag about or feel like I had made it. I wanted to shoot really, really big. This was only stuff that was going to be stepping stones for me to achieve what I wanted to later.
What long-term relationship investments should you consider?
i want to do in this video is i'm going to break down how i was able to live for so cheap this is for all the single guys all the single ladies and if you can live with your parents even better for me somebody would have died it was for the best that i didn't have to live at home this is what i actually did in order to live at 1500 a month or less and i did that eating out every day there's three big cost centers you got transportation you got living and you got food
How does living cheaply affect your risk tolerance in investments?
So food wise, some of you guys have seen mosey meals, meal hacks, the things that I do at these chain restaurants.
What daily habits can help you track your finances effectively?
And I did it that way because I don't like cooking and I wanted to have more time to make money. It made more financial sense for me to not take eight hours on a Sunday to go grocery shopping and prep all my food versus me getting Chipotle twice a day, which is what I did. At the time, then $15 a day, a day, 20 bucks a day, 30 days in a row, $600 a month. You can also go to Panda Express, which has a phenomenal 110 gram of protein hack with extra chicken. So you can have 200 grams of protein every day. Recommend it. Third best option is Chick-fil-A is one of my favorites. They are on the pricier side.
How can transportation choices influence your financial strategy?
Just go with 220 packs of chicken nuggets and get in close to 12 bucks. We'll see. a shitload of meat or two sandwiches. Either way, you'll end up in that 10 to $12 range and you'll be at that 600, $700 a month range. And if you're like, huh, did he really do that? I sure did. That's all I did. I picked between Chick-fil-A, Panda Express and Chipotle. And that's what I lived on so much to this point that Layla didn't know that we were going on dates. But for me, these were the fine establishments that I was frequenting on a regular basis. They knew me by name and they knew that I knew how to work the menu. So, first step was Mosey Meals, and that for me, time to money-wise, was worth it. When I would go to the grocery store and I would get all the fixings and all that stuff, I spent $150 in a week, and I ended up spending almost $600 a month as a single guy when I went grocery shopping and did all the prep and all the clean versus me running out next door, grabbing the food, eating it, and heading back, and it was a nice mental break for me.
I ate cheap, and as crazy as this may seem, it is easier to figure out how to get all of your calories in eating out stuff ahead of time. The absolute cheapest route, which I'll tell you right now, Loaves of bread, peanut butter. Cheapest thing in the world. And if you really want to make sure that you're covered on your basis, get a multi-item. You can live on it. If you want to add a third staple in there, you can add lactate milk if you're dairy sensitive. You'll get your protein, you'll get your carbs, you'll get your fat in.
What are the best strategies for saving money on food?
If you want to be extreme on it, you can be extreme. For me, I didn't want to live on peanut butter sandwiches. I did eat them when I was trying to bulk up, but I did those in addition to my normal calorie intake. And to that degree, you might want to do one of those mosey meals and then do peanut butter and milk as the other one, which is a nice cheap in-between.
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Chapters
8 chapters
1
What are the three big cost centers to manage for financial discipline?
0:00–0:29
2
How can finding like-minded individuals impact your financial success?
0:29–0:40
3
What long-term relationship investments should you consider?
0:40–0:59
4
How does living cheaply affect your risk tolerance in investments?
0:59–1:05
5
What daily habits can help you track your finances effectively?
1:05–1:38
6
How can transportation choices influence your financial strategy?
1:38–2:50
7
What are the best strategies for saving money on food?
2:50–5:04
8
How can checking your bank account daily improve your financial health?
5:04–14:19