Less than 12% of Americans reportedly have $100,000 saved. Here's what should you do with your money once you get to this point so that you can sky rocket to the 1% and be financially healthy! Instagram: @BOWLES
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What To Do When You Make Your First $100,000
If you have managed to bank your first $100,000 , then a congratulations is in order! Only about 12% of Americans reported that they have $100,000 saved, which is a number continuing to dwindle away.
But once you make money, what can you do to protect it and let it grow? Well, here's 4 things you should practice that we spoke about in this video:
1) Double down once something is working. Continue working hard and build good habits outside of your business that will indirectly impact how you operate your business. This is why you see many millionaires/billionaires who make their bed every morning, read every day, go to the gym, eat clean and have a lot of discipline in their daily life.
2) Realize that going from 100k to 1 Million or beyond is likely very possible through the same business/income stream that got you the $100,000. Don't just try to jump ship to another industry. Continue doing what has worked, just expand it.
3) NEVER let your current income stream die out if you decide to branch out and do something else. You want multiple flows stacked up, not just 1.
4) Don't be afraid to re-invest the money you make right back into the business, IF it has the potential to increase the toppling through growth or automation.
If you do these 4 things, you will definitely not go broke. Good habits and strict discipline will allow you to be financially educated if you have practiced the right skills. There's a whole lot of people who will spend right through any money they make, and thats why so many people are in a terrible financial situation. It's not random.
Make sure to keep your numbers going up! Focus on those 4 things, and then amplify it.
I hope this helped, leave a LIKE if you enjoyed!
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*Disclaimer* I am not in any way a certified financial advisor, nor do I pretend to be one. Any information or advice I give you on any social media platform is simply my opinion based my own own experience and research. There is no guarantee on anything due to the fact that there are many variables that play a factor in your success. Do your own research, do the work and take everything as an opinion.
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What To Do When You Make Your First $100,000
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