Who is richer, someone who makes $1M a year and spends $1.1M? Or someone who makes $100K and...

what's up everybody it is your boy big b today i want to talk to you guys about how to stack money in your bank account when i was 19 years old i once had a business mentor he asked me a very good question he said who's richer a guy that makes a million bucks a year but spends 1.1 million or a guy that makes a hundred thousand dollars a year and only spends 50. at the end of the year the guy who only spent 50 000 has 50 grand left in his bank account and the guy that makes a million dollars a year now has negative 100 000 in his bank account a lot of people are living way beyond their means how do i know because i used to be one of them i used to be one of these people that spend more money than i made and you know what i was always fighting to make my credit card payments at the end of the month i was always fighting to hit my uh my mortgage payments at the end of the month my car payments my all these things and then i figured out hey you know what maybe i'm spending a little bit too much money and then what started to happen was something amazing is as you stop spending as much money as you're making you start putting money in the bank what a great feeling and then you start making targets for yourself how could i now put more money in the bank because it is a great feeling you can actually sleep at night you are not panicking to pay your bills you're not panicking to make your payments you are not panicking on how your wife is going to pay for her groceries at the grocery store so it's not just about how much money you're making it's about how much money you're spending and become smart with that and become smart with your expenses become creative on how you can make sure you're putting as much money away in the bank accounts as possible so that you can now build a nest egg for whatever it is you want whether it's real estate whether it's just to sleep well at night at least you have the money there i hope this brought you value it's not just about how much money you're making but how much money you could put away a secret that i have been practicing for a long time i got this from a book that i once read called profit first is i opened up a second bank account at a bank that is not affiliated with my first bank so right now i'm with td bank in montreal i opened up a cibc bank account and i take 30 of every single gross dollar that comes into my company and i push that 30 into a bank account at the cibc bank that i cannot touch i don't even have an access card to it all i could do is put money into it and i let it grow and i play games with myself how much money i could get into this week this month this year and i set targets for myself and it is a feeling that is absolutely exhilarating to start to build your bankroll i hope this brought you value i hope to create wealth with you and your families god bless my name again is barrel solomon if you're not following me please follow me on all my social media you can find me anywhere on the internet i love you guys stay fresh