@linalikesmoney — 3x breakout

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how i spent my $81,623 paycheck

@linalikesmoney

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Why it worked

The video provides a transparent and detailed breakdown of a high paycheck, appealing to viewers interested in personal finance and wealth building strategies. The creator's relatable personal expenses and aggressive investment approach for early retirement create aspirational content.

Summary

The creator breaks down how they spent their $81,623 paycheck, detailing business taxes, sales tax, and business expenses. They then outline their personal spending on housing, sustenance, transportation, personal care, shopping, and medical costs, leaving them with $60,335 to invest for retirement.

Structure

1Gross revenue and business expenses
2Personal expenses breakdown
3Amount left to invest
4Investment strategy for retirement

On-screen text

how i spent my $81,623 paycheck gross* revenue: $81,623 business tax (hisa): $12,243 sales tax: $4,259 business expenses: $560 left to spend: $64,561 housing: $2,000 sustenance: $1,101 transportation: $10 personal care: $223 shopping: $340 medical: $101 left to invest: $60,335

Transcript

Last month I made $81,000 so this is how I'm using that paycheck. Gross revenue: $81,623. The net was $81,623. Business tax (hisa): $12,243. I do set aside 15% of that, so $12,243 and 43 cents. Sales tax: $4,259. I did collect some Canadian taxes for Canadian clients, so that's $4,259. Business expenses: $560. Which was one tiny trip to New York and some subscriptions. $560. Which leaves me $64,561. $64,561 left to spend. My personal expenses. Housing is $2,000. Which is half of the mortgage. Sustenance: $1,101. Groceries on Uber Eats. Transportation: $10. Because I don't go anywhere. Personal care: $223. Shopping: $340. Which was one kettle. $340. Medical: $101. Because I don't have insurance. $101. That brings my leftover money to $60,335. $60,335 that will be invested in my corporate account. That's it. And if you're new here, investments are aggressive, yes, because I've turned to speed run my way to retirement in my 30s. I'm already 31, going on 32 and if building wealth and optionality is your thing.