Financial Tips to Make More Money, Save More, and Pay Off Debt Quickly

One thing I'm doing right now today with this video is I'm pivoting this channel over

to something else. It's still personal finance, but I want to focus heavily on the topic that I'm talking about

today going forward. We talked about the fundamentals. We talked about managing money

We talked about saving, paying off debt. We talked about all that good stuff

But I really want to focus in on what your number one priority should be

And I went over that topic last week. If you haven't checked that video out, you can check it. out up here and that topic was the single most effective piece of personal finance advice

I've ever received that was what that video was all about and that advice was to focus

in on increasing your income so today I want to help out with your pain points because I think

the biggest financial pain point of all time is simply not having enough and adding

context of that not having enough money to pay off your debt not having

Not having enough money to pay off your medical bills. Not having enough money to give yourself and your family the life that they deserve to live

Not having enough to afford your dream car, not having enough to get the clothes you want to get

Not having enough money to go on the vacation you want to go on

Money is a big pain point. Whether it's barely being able to afford gas, barely being able to afford groceries, whatever the issue is, it doesn't matter if you're in poverty

It doesn't matter if you're middle class. Either way, there are a lot of constraints

when it comes to money and I want to help you out and let you know that your biggest

biggest goal should be to increase your income and I'm going to give you some ways in this

video to do that if you're new here welcome I'm Reggie Bryant I'm the author of the

wealth journey and this channel is all about personal finance and personal growth

so I talked about this a little bit in the last video but probably the easiest

way to increase your income right now is to work overtime at work and do so

regularly. You want to set a time frame and you want to calculate in advance how much money

you're going to have by the end of it so you don't get discouraged throughout the way because it is

very tiring. It is very demanding on the body and on the mind. But I'm telling you right now

if you set aside three months and you work relentlessly for three months, one to two days

extra of overtime per week, that is going to make your money go up a lot faster. But the key is

You're not going to base your bills off of it. You're not going to put extra expenses up there like, oh, I'm getting overtime this week

So I'm going to add this and this and this to my expenses. No, you keep your expenses the exact same

You pretend the extra money doesn't exist. You let it stack up until you hit the end of that three-month period

And I guarantee you you will be smiling by the end of it

And if you want to go hardcore, you can do six months, seven months, eight months

It's really up to you, but you have to commit and you have to decide

how long do you want to do this. Now, I also know that overtime isn't going to be available for everyone

because everyone doesn't work in industries where overtime is a regular thing

I get that too, but I have more pieces of advice for you. Another way to quickly increase your income is something that you can do every two years

And a lot of people don't know this, so this is game, and I actually don't think I've shared this in any of my other videos

I have quite a bit of them, so I don't really remember. But here's the advice

Every two years. If you apply for a new role that's like, say, lateral to where you are now or even a step above where you are now at a different company, you can increase your income by a lot

And it's actually a strategy that I've used myself. And here's how it works

For example, for me, I worked at a tire company for almost two years

I got fed up with them. But during my time there I built up my skill set so much that I was like you know what I can take this experience somewhere else So what did I do I applied somewhere else I told them about all my credentials all my past experiences all the projects I did all the value that I added to the company all my people skills all the payroll skills that I had management skills you name it

I put everything in there. In addition to the relevant classes that I took in college and other certifications that I had

And then I was able to demand a much higher pay than I was making at the previous job, which was about a $12,000 difference

Two years from there, I was able to go for a higher role within the same company, and I landed it just like that

So what I'm saying is early on in your career, a decent time clock for you is every two years, I need to be going up and pay at least every two years

Every year you might get that incremental 4%. Look, I'm trying to tell you, that ain't nothing that ain't outpacing the inflate

that ain't doing nothing but putting you in the same position you were in last year because

inflation goes up by 7% but your salary goes up 4%. You're negative 3% technically than you were last year

So actually you're taking a step back from where you were last year if you really think about it

I'm here to help you progress and elevate not only yourself but your finances as well

So if you wanted to go up 10% or more, that's a great way to do it

Going from 60,000 to 72,000, that's a 20% of you. increase right there and then of course I got raises when I was in that 70 range then

I got into the 80s and then and then get into the six figures and just keeps growing from there

that is what you want to do early on you want to hit hard and you want to go for what you can go

for very quickly you want to learn what you can learn you want to build your skill set and you

want to go for it show your hunger but you also got to deliver on what the demands are for

the job and you have to do so consistently improve yourself and after that your reputation is going

speak for itself. But the reason I say first going to another company is because for one

other companies can have better growth opportunities. Two, a lot of people don't know this. The budget

for retention and raises, like as in staying in the same company and moving up, that budget is

lower than hiring on new people and onboarding. For example, the company that I left the tire

company for didn't just offer me a much better salary, but they also offered

offered me an additional 12K in moving expenses. So they looked out for your boy is what I'm saying

That budget is bigger because you accommodate one experience but two, moving

If you're in a different state, a different city, the company might go ahead and throw

some extra money your way just to go there because they understand that you are valuable

So a lot of times it may be advice to you that job hopping is wrong or companies don't like

that look that may be true if your job hopping like every three to six months but if you stay at a

place for two years or more and then you're not moving fast enough at that company if you go to

another company with their credentials they're going to snatch you up at the drop of a hat they're

going to snatch you up i promise you and eventually you will find some place that helps you progress

as quick as you want to but of course you have to deliver on that yourself as well and build yourself up

But some companies drag their feet on that stuff and they dangle a carrot over your head

And then it's like, you know what? I'm not waiting on you no more. It's been five years. Uh-uh

I'm on to the next. And that's what you should be doing. You should be as aggressive as possible in moving forward within your career

That's how you can get optimal growth. I'd say you can get between 10, maybe 30% growth with each time that you do it

And don't be afraid to negotiate. And along the same lines of that piece of advice

something that you could do that is completely free right now to increase your chances of doing this successfully each time is simply going on Google or going on YouTube

We're even taking a course, like a college course or something, in that case it wouldn't be free

but you get what I mean, and just look at how interviews should go

Look at what's expected from you in an interview. What types of answers are acceptable

What type of mindset we're looking for when we interview? And as someone who hires people on myself, I can give you very very good

good advice. As a matter of fact, in my book, I have a whole section about career growth. I have a

whole section about what industries are the most lucrative. I have a section about what majors in

college and what fields to go into, whether or not you go to college, what types of skills

you need to learn, what type of salaries you could expect to make. And I break down everything

the mindset, the body language, the dress, all that stuff, even down to the cologne or perfilion

You should wear you know what I'm saying in an interview. I broke all of that stuff down in my book

I highly suggest you check that out. I don't want to spend too much time in this video on that stuff

but I'm telling you right now, I know my stuff when it comes to interviews. And of course, you can also do stuff on the side like side hustles, right

Anything that's active, you can do that right now. There's a lot of things that you're very capable of doing that you could charge money for

Kids even understand this with their lemonade stands and selling candy bars and stuff, right

selling Girl Scout cookies, right? So innately, we know how we can make some extra money

but are we willing to put in the extra work to do it? It is a lot of work. Sometimes it is going to take a lot of time

Sometimes you're going to feel like you're wasting your time and like, man, I could have been chilling watching the game

Man, I could have been chilling playing the game. I could have been chilling with the boys

You could have, but look, time's going to go by anyway. How serious are you about your goal

Because if you're not that serious, then you can keep right on doing what you're doing, but when you're hungry, when you really want to make that extra money

when you really want to have that lifestyle that you keep talking about, you got to get up and do something

You have to mean what you say and say what you mean, and you have to get up there and do it and actually walk what you're talking

Instead of wishing you could be somewhere else. So when you work that overtime, you might wish you were somewhere else

but at the end of the day when you make that money you're supposed to be making, you understand in the future that you won't have to work as hard to build up your savings

You won't have to work as hard to pay off your debt because that overtime, is what went toward those things

And as you keep earning your stripes and getting better and getting promoted and doing things

on the side, whether it's a side hustle like painting houses, cutting grass, pressure washing houses

I didn't done all of those. There's no shame in the game

Even if it's picking up a part-time job if you have to, you really have to do what you have to do

But your number one thing is always going to be increase your income

And sometimes the quickest way to increase your income is to increase your skill set at work

and move up and keep moving up especially if you're in a lucrative industry where it

doesn't take too too long to get promoted gone are the days at least in my industry gone are the

days where you got to wait 10 15 20 years to get promoted to the next step and that's looked at it's like

oh my god that person's so high up it's not like that anymore now it could be six months a year a

year and a half two years just depending on how things move and what positions become open and what

skills that you have right now that can make your money go up very very quick one of my co-workers

has a photography business. Boom it doesn't have to be a full-on business

It could be a hobby that then becomes a business because when you charge people premiums

and they actually pay it and they understand that there's a high demand for what you're providing

you can charge more. And even me, like I said, I haven't really said anything in this video

that I haven't done myself. I've had a side hustle. I've had a side business. In addition to I have this YouTube channel I have my book I have my website I have my course that is about to be coming out very soon that I hope y tap into because that course is going to really help you invest and know exactly

where to put your money when it comes to investing, when it comes to saving, when it comes to high-yield

savings, it breaks down everything, how to build a whole portfolio and keep your money in the

best places possible. So you get what I'm saying. These are ways that you're going to increase your income and making that my number one focus

for the past three, four years, I'm still not exactly where I want to be, but I'm much

much further along than I would have been if I didn't do any of this

And it feels good to do this type of work, and it is fulfilling to do this kind of work

and really put that energy and time and effort into something that I'm passionate about

But I have a strong reason why I'm doing this, and it goes back to what I was talking about

in this video. I never want to be in a situation where my car battery dies, and I'm like, man, I really don't

got the money for this. I don't want to be in a situation where my tire goes out, man

I don't really got the money for this. I don't ever want to be in a position where, you know

I'm sick or something. I'd pay a big medical bill and I don't have the rest of it that my insurance

didn't cover. I don't want to be in that situation. So I have put myself in a position to never

be in that situation. And now that I've gotten significantly further than I was back then

four or five years ago, I'm setting myself up for another 10, 15, 20 years into the future

I'm making sure that I'm good. I'm investing. And that's another thing. Once you get to where you need to get to, invest your money

Don't just let time work against you. Time's going to go by anyway

You might as well have some money in investments. Learn how to invest. Like I said, my course is coming up very soon

You're going to want to check that out. I'm going to have an early bird special where it is deeply discounted

But yeah, just so y'all know, my whole platform is pivoting. You know the fundamentals now

You know about saving money. now you know the mindset behind it you understand living below your means now we're going to talk about

building wealth getting rich making some money that's what we're going to be talking about we're going to

help you progress throughout life throughout your career whatever it is that you want to do whether you want to

grow a youtube channel whether you want to make your own business whether you want raises that work whether you want to know how to interview you want to make six figures a year you want to be able to

invest thousands of dollars a month that is where this next phase of this channel is going that's what

this is all about. And even you can definitely check on my Instagram. My Instagram is way different now

Now I have more content up there. I have those helpful slides where you can look at it and slide

real quick, the carousel content. You can check that out. I give practical, very easily digestible

advice on there. You can check that out too. And I got my reels and my short form content up there

as well. So definitely check me out. It's time to start evolving this channel. It's time to start taking

it to the next level. Thank you guys so much for the 12K followers on YouTube. I really, really

really appreciate it. And just so y'all know, this channel is about to catch on fire

So I hope y'all are excited as I am and I hope you enjoyed this video as much as I enjoyed making it

Increase your income and all your other problems will become that much more solvable as long

as you keep your expenses the same. Anyway, that's the video for today. Thank you so much

much for watching my name is reggie bryantam this channel is all about personal finance and personal growth so you can control you control your finances and control your life thank you so much for

watching i'll see you the next video