@jordfinance — 92x breakout

Loading video…

How to be financially free

@jordfinance

30.9K followers · usually 12.4K views a post

Views

1.1M

Likes

37.5K

Comments

540

8.3K

Why it worked

The video provides actionable financial advice with clear, easy-to-follow calculations, making complex topics accessible to a young audience interested in personal finance.

Summary

The video outlines four steps to financial freedom, focusing on budgeting and saving. It provides calculations for maximum rent, car value, monthly investments, and emergency fund savings based on income.

Structure

1Calculate maximum rent
2Determine maximum car value
3Calculate monthly investment amount
4Calculate emergency fund savings
5Follow for more content

Call to action

On-screen text

How to be financially free (in 4 steps) 1: $5000 2: $60K 3: $5000 * 0.15 3: $750 4: $5000 * 6 4: $30k Follow CANADIAN PERSONAL FINANCE CONTENT

Transcript

Number one. Take your monthly income and multiply it by 0.4. That's the maximum you should aim to spend on rent each month. Number two. Take your yearly income and multiply it by 0.5. That's the maximum value your car should be worth. Number three. Take your monthly income and multiply it by 0.15. That's how much you should aim to invest every single month. Number four. Take your monthly income and multiply it by six. That's how much you should aim to have saved in your emergency fund. Follow for more Canadian personal finance content.

Original caption

Financial freedom isn’t built overnight. It’s built by following a budget, having a financial goal, and tracking your progress. 💸 Use these 4 simple calculations as a starting point to help you understand what you can realistically afford and what you should be working toward. These calculations are based on take-home income and are meant to be general guidelines, not one-size-fits-all rules. Everyone’s financial situation is different, so adjust them based on your own goals and circumstances. Save this for later and follow for more Canadian personal finance tips. 🇨🇦 For educational purposes only. Everyone’s financial situation is different.