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How to Go From Broke to Rich in ONE Year [4 Paths to Wealth] 

LYFE Accounting
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Let’s talk about how to actually go from broke to rich in 2022. I was once completely broke and now I have a net worth of over $1M. Which is something I am very proud to have accomplished.
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So, today I will be sharing my path as well as be taking a look at 4 paths to go from broke to rich, what assets categories rich fall into, and the magic millionaire mindset.
Timestamps:
Intro (0:00)
Path #1: How to Get Rich for Sure (1:11)
Path #2: Fastest Way to Get Rich (3:25)
Path #3: Great Way to Get Rich (6:35)
Path #4: Crazy Way to Get Rich (8:40)
Millionaire Mindset: (9:58)
Here’s the thing and what many people won’t tell you. Wages and salaries are taxed as ordinary income which can be over 50% when you take into consideration federal AND state taxes.
So for example, even if you earn $400,000, you could be really left with $200,000 after taxes, which makes path #1 slower to becoming rich.
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

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14 июл 2024

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Комментарии : 51   
@Jazzzzzy007
@Jazzzzzy007 2 года назад
I love your video! Great knowledge you’re giving us and thank you for sharing your experience. Congratulations 🎉 to you BOSS!!! LIME GREEN is my favorite color too 💚😍 and I love seeing the green in your videos 🥰
@deloresbryant8243
@deloresbryant8243 9 месяцев назад
My biggest challenge is overcoming debt, and, getting started on a good, safe path. I dont want to overthink things and never get started but, Establishing ways to protect myself and my assets is very important to me.. My knowledge is increasing as i watch your videos and brainstorm. Thanks for being here.
@realestatemotivated
@realestatemotivated 2 года назад
Great video. Love the detail!
@loveadejoh5872
@loveadejoh5872 2 года назад
I’m currently taking the owning a business path. Truthfully I’m beyond stressed
@LYFEAccounting
@LYFEAccounting 2 года назад
That’s normal. What’s your biggest challenge right now?
@missbttrsctch
@missbttrsctch 2 года назад
@@LYFEAccounting expenses!
@sheltonlovesr.8941
@sheltonlovesr.8941 2 года назад
Thanks for adding how long it actually took U to gain your wealth. So many flakes put out clickbait titles only to hook people in so they can sale them something. Thank U. Much continued Peace Blessing and Success.
@vanessainpurpose
@vanessainpurpose 2 года назад
I will be try a few of these.
@lovingcareheatingandair6794
@lovingcareheatingandair6794 2 года назад
Thank you
@jonnupe1645
@jonnupe1645 2 года назад
Commenting for RU-vid algorithm
@LYFEAccounting
@LYFEAccounting 2 года назад
💯💯😂
@MYODB-ov9bb
@MYODB-ov9bb 2 года назад
I loved this video. I've watched other videos of yours but I haven't been consistent in doing what you said simply because I'm afraid of failing. I am making a conscious effort to overcome my fears and take consistent action...NOW. Also, I noticed that you took on two partners to build up to becoming a millionaire. Are partners necessary?
@Alburr250
@Alburr250 Год назад
I loved this video. I would take the fast way to get rich.
@Kingdomliving4life
@Kingdomliving4life 2 года назад
I am doing it right now🙌🏾 thank you Jesus🥰
@KD-vv2tf
@KD-vv2tf 2 года назад
Congrats 🍾 Sir! I am definitely surpassing the $1,000,000.00 this year 👩🏻‍💻
@RjC197
@RjC197 2 года назад
Ive put my business on standby Taking the Crypto path to scale it in a bigger way.. all about risk now 🙏🏾 Nice video
@mapulengobeni363
@mapulengobeni363 Год назад
Thank you for this video, the multimillion mindset is really scary. my horror is to lose out on hard earned money. My business will one day have a net worth profit that will be considered as a multi millionaire making scheme😇till then i'll be watching your videos for much more encouragement.
@FinancialFreedomMadeSimple
@FinancialFreedomMadeSimple 2 года назад
Interesting!
@orathaisae-ia5497
@orathaisae-ia5497 2 года назад
It is a very nice video you have shared to us. Thank you very much. I have invested in a restaurant business in past 3 years, and it drained my capital. However, I have a passive income from rental to help my business that is keep losing money. I also have invested 1% into Bitcoin and Etherium and the less into stocks, but I lost so far.
@genb4374
@genb4374 2 года назад
Great vid
@LYFEAccounting
@LYFEAccounting 2 года назад
Thanks for watching!
@nurseeducator1559
@nurseeducator1559 2 года назад
I like #Great way to get rich. Am thinking of starting a real estate business with my two personal property.
@LYFEAccounting
@LYFEAccounting 2 года назад
If you already have properties then you’re like 80% there then?
@Ctj1580
@Ctj1580 2 года назад
I am on the path of owning a business.
@LYFEAccounting
@LYFEAccounting 2 года назад
Awesome, thanks for sharing! What kind of business?
@ellenoir5678
@ellenoir5678 2 года назад
I'm 100% into real estate and MB'S
@LYFEAccounting
@LYFEAccounting 2 года назад
What’s MB’s?
@ellenoir5678
@ellenoir5678 2 года назад
Mortgage backed securities
@ellenoir5678
@ellenoir5678 2 года назад
Mortgage Debt
@chase_manhattan5367
@chase_manhattan5367 2 года назад
💪🏾
@isabellakate3429
@isabellakate3429 2 года назад
Another awesome video! ❤️❤️ Am investing my time and money in crypto now, this new price is a clear sign for new investors to come in ✅✅...
@chrishw
@chrishw Год назад
How to invest
@AL-dd6bl
@AL-dd6bl 2 года назад
Crazy, slow, and fast ways lol. I have crpto, i work a job, and im trying to start a business now
@LYFEAccounting
@LYFEAccounting 2 года назад
Sometimes a mixture of them all makes the most sense!
@Chery869
@Chery869 2 года назад
What do you mean by Depreciation in real estate when the housing market prices has only been going up???
@LYFEAccounting
@LYFEAccounting 2 года назад
You should watch my video on tax deductions for rental property!
@ms.evegene
@ms.evegene 2 года назад
How can I get a grant when my dream is only a thought? I really want to wholesale
@apriljohnson898
@apriljohnson898 2 года назад
Investing in 1,2 & 3 all at the same time
@LYFEAccounting
@LYFEAccounting 2 года назад
Sounds like you putting in work! 😤
@VelocityRecordingStudio
@VelocityRecordingStudio 2 года назад
Thinking the same thing
@713skywalker
@713skywalker 2 года назад
👌🏾👍🏽💰
@juicyworkshaw6545
@juicyworkshaw6545 2 года назад
Yes sir Blueprint
@LYFEAccounting
@LYFEAccounting 2 года назад
💯💯💯
@voicezuneinc
@voicezuneinc 2 года назад
im on crypto, if it works out i will use the returns to get in import and export business.
@LYFEAccounting
@LYFEAccounting 2 года назад
Good luck! Which crypto do you have?
@voicezuneinc
@voicezuneinc 2 года назад
@@LYFEAccounting btc, eth, xrp, zrx, vet, Shiba, Saitama, shibnobi, axion and polygon.
@anthonyesparsen7776
@anthonyesparsen7776 6 дней назад
The real estate way
@chrishw
@chrishw Год назад
How to invest in crypto..
@richardmingo3470
@richardmingo3470 2 года назад
💪🏿💪🏿
@chase_manhattan5367
@chase_manhattan5367 2 года назад
💪🏾
@LYFEAccounting
@LYFEAccounting 2 года назад
💯
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