Future Budgeting: Reverse Engineer the Life You Want | 1PM: 132

[00:00:01] Okay, welcome back. [00:00:04] Last week we talked about high value skills. Why is this important for you? Because at the end, if you're working a job and you're working minimum wage, you are going to feel discouraged because it might look like it's going to take years for you to pay off your debt and you to become financially independent and to leave a legacy and build wealth. But I'm here to tell you that luckily we live in this great country of America and we have the ability to learn high value skills. Sales, tech, a lot of things you can do, right? I told you like the travel phlebotomist. Just to recap about last week, this week, I want to give you some motivation, right? I actually want to help you reverse engineer how much money you actually need, right? Most of the time, everybody wants to be a millionaire, but not everybody wants, wants to do the work to be a millionaire. And a lot of you don't need millions of dollars for you to actually have the most ideal life that you want. So today, this is like building a vision board. But this is way more intuitive, and this is way better because I'm gonna show you how to do this and I'm gonna give you the action steps and you're gonna love this. I love it because I love doing this because it really paints the picture of what I'm actually working towards currently, right now. This is where you are. And you might feel discouraged because you got a lot of debt, got a lot of issues. You're like, man, I'm not making a lot of money. Cause I told you I was only making 36,000. And then I was like, this is where I want to be, right? That gave me that motivation to say, okay, boom, I can get there. So let me show you. This is what really drove me. [00:01:35] So you know how you have that list of must and the list of must nots, right? [00:01:41] So I want you to create another budget, and I want you to write down everything that you want, right? [00:01:51] You're going to write your future budget. That's literally what I call it. It's not even a fancy term for it, just a future budget. In the future, how much do you want to pay for rent? In the most perfect, ideal world, all the bells and whistles and all that, how much do you want to pay for rent? [00:02:07] For me, I want to live in a penthouse where I spend $10,000 a month. [00:02:12] You might be like, oh, my God, $10,000 a month. I'm telling you, when I share this with people, everybody's like, why do you want to rent a penthouse for $10,000 a month. That's because that's what I want. [00:02:22] I want you to remove the ideas of your parents, move ideas of your church, your pastor, your bishop, your friends, your family, everyone else's. [00:02:33] Dave Ramsey, Ramette Sethi, everyone else's idea of what your perfect life looks like. And I want you to write it down for yourself. [00:02:42] What do you want to pay for rent? What do you want to pay for your mortgage? Maybe you want to own a condo or a home or whatever. How much do you want to pay every month for it? Most ideal world, Write everything down, okay? You're going to have Internet, you're going to have electric. [00:02:54] Are you going to have one car, two cars, no cars, right? How much money do you want to put away into your savings every month? [00:03:03] Think about these things. And now with the power of AI, you could literally have a prompt that just says, hey, I'd love to create a future budget of my most ideal life. Can you help me to create it? Ask me questions about things I want in my ideal life and help me to create the most perfect future budget, okay? And once you have that future budget, and you have that, and you have that number and you have all those stuff, from there, all you do is reverse engineer how much income you need. So that way that budget is literally nothing, right? For me, my number, I think, was like 1.76 million altogether. Because I knew even with spending $10,000 a month on a penthouse, right? Which $10,000 a month only equates to 120k a year. Excuse me, a quick spig of water. But for you, what is your most ideal life look like? And then reverse engineer it back to your income. You might find that you don't need a lot. [00:04:07] You might only need to make 200,000 a year. Maybe only 100,000 a year would be perfect for you. Maybe even less for you. Maybe you don't want to have any kids or anything like that, and you just want to leave something to your brother or sister's kids. [00:04:26] That's it. Maybe you want to leave it all to your fur babies. Cool, right? [00:04:31] I'm not an animal guy. You could be cool, all right? But understand this. Build that. Build that budget, reverse engineer and just say, okay, how much income do I need? What I did, once I figured out what my total number was, I said, I want that to be only 20% of my income. So that way I, like, for whatever reason, drop of a dime. If I was to lose it all, it wouldn't even hurt me, right? Only 20% of my income, right? That's what I wanted my budget to be. That's why I got up to that number. So with that being said, go ahead, create the most ideal budget that you want. Reverse engineer it and figure out how much income you should have, how much income you need to get there. All right? This is going to be that guide that's going to propel you forward, right? And you know, I'll even add this. What I want you to do from there, after you have that, have that, I want you to write out what the most ideal life looks like. What time do you wake up, if you're married, do you have kids, what car are you driving? [00:05:37] And that is going to be a vision statement that you can really read. And that can. That is a real vision board, right? This isn't just like manifestation of woo woo stuff. This is now saying, okay, this is where I am, this is where I want to be, right? This is the goal I want to go. And that's what I'm attracting to me, right? Boom. [00:05:57] Okay, go ahead, get it done.