A popular YouTuber, Jimmy Donaldson (A.K.A. #MrBeast), rejected a $1 BILLION offer for his YouTube channel and company.

Here's why 👉
1) His YouTube channel gives him happiness

Jimmy enriches the lives of tens of millions of people EVERY DAY by making his unique ideas a reality.

Fans watch his content and appreciate his efforts.

He could trade it all for $1B, but a paycheque won't give him fulfillment.
2) He would have to start working for someone else

Money isn't worth it when you might be stuck working for a boss you hate.

Currently he has the freedom to do whatever he wants with his channel. He can give away $10k/video or not make a video for a month.

Freedom > money.
3) His brand is an ASSET

He owns the rights to his brand. His community gives him the ability to do WHATEVER HE WANTS.

Giving it away would mean someone else owns bis brand. He would have to continue working for a paycheque (based on the offer).
4) He wants to delay gratification

His exact words were "In the future it could be worth way more."

When asked how much he would accept, he said "This is gonna sound dumb, but probably like $10 billion, $20 billion."

I don't think he would sell even if the offer was that high!

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More from @rajatsonifnance

Oct 19
Don't be a victim of this recession!

3 proven actions that will help you stay afloat 👉
1) PRIORITIZE THE RIGHT THINGS

Keep your job and focus on staying up to date on your bills. Losing the roof over your head is not ideal.

Limit your purchases of things you WANT so you don't lose the things you NEED.
2) PAY OFF CONSUMER DEBTS

Consumer debt is detrimental to your financial situation

Interest rates are usually high and can be increased at any point.

Your job provides you with valuable cash flow, while consumer debt (credit cards
loans, etc) takes it away.
Read 4 tweets
Oct 8
ANYBODY can build generational wealth.

Here's how my wife and I plan to do it over the next 20-30 years 👉
1) Avoid Consumer Debt

Our goal is to ONLY take on debt to invest (i.e. to buy real estate)

Consumer debt balances (i.e. credit cards/loans for things that go down in value) will be avoided.

Consumer debt is a trap that promises your future to someone else. Don't fall for it.
2) Maintain Our Emergency Fund At 6 Months Of Expenses

As life gets more expensive, your emergency fund NEEDS to grow with it.

We set aside 6 months of expenses so a job loss won't lead to bankruptcy.

An emergency fund will turn a financial problem into a minor inconvenience!
Read 10 tweets
Oct 6
If you can't think in terms of what you'll want in the future, you will NEVER achieve financial success!
Every expense your passive income sources tackle is one you don't need a job to pay for
Could you imagine paying for your cell phone every month? How about your car? Even your mortgage?
Read 4 tweets
Aug 15
Visa and Mastercard didn't introduce the tap feature because they care about your time.

Credit card companies use human psychology to manipulate YOU into spending more money.

Here are some ways credit card companies push you into debt 👉
1) Removing emotional connection with money

Consumers spend almost double when using credit cards instead of cash.

Why?

Credit card transactions are designed to be painless/frictionless.

You're not supposed to THINK about the transaction until you see your statement.
2) Minimum payments

The minimum payment is the lowest amount you need to pay on your debt in order to avoid late fees.

If left unpaid, the remaining debt grows exponentially.

Interest on the remaining balance could easily add up to MORE than the initial purchase amount 🤯
Read 6 tweets

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