What To Do with Your Paycheck (DO THIS When You Get Paid!)

Book a Professional Tax Assessment Call ▶ https://start.taxalchemy.com/consultation?utm_source=youtube&utm_medium=description&utm_campaign=kd276_what_to_do_with_paycheck

Cost Segregation Tax Savings Calculator ▶ https://taxalchemy.com/cost-segregation-calculator?utm_source=youtube&utm_medium=description&utm_campaign=kd276_what_to_do_with_paycheck

Download the Short-Term Rental Rule E-Book! ▶ https://ebook.taxalchemy.com/?utm_source=youtube&utm_medium=description&utm_campaign=kd276_what_to_do_with_paycheck

Watch this FREE Webinar on How to Cut Your Tax Bill in Half as a Real Estate Investor ▶ https://join.taxalchemy.com/registration?utm_source=youtube&utm_medium=description&utm_campaign=kd276_what_to_do_with_paycheck

We earn commissions when you shop through the links below.

Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink=&afftrack=

Knowing what to do with your paycheck is one of the most important things people need to understand in order to build and grow wealth. However, unfortunately, many people get this completely wrong. As a result, they make poor decisions that lead them to be in worse financial situations than they need to be.

In this video, tax expert Karlton Dennis explains his opinions on what people should do with their paychecks when they receive them. The advice that Karlton gives is based on his own personal experience, and the lessons that he has learned over the years in the process of becoming a multi-millionaire.

When it comes to personal finance and wealth building, knowledge is power. So, this video can potentially be beneficial for anyone who is looking to make the most out of their paycheck, or who wants to reach a better financial level. Karlton also answers an important question from a subscriber in this video.

CHAPTERS:
0:00 Intro
0:20 Number 1: Cover Your Necessary Expenses
1:34 Number 2: Pay Off High-Interest Debt
4:25 Number 3: Contribute to an Emergency Fund
5:08 Number 4: Contribute to Savings
5:46 Number 5: Make Investments
8:19 Number 6: Personal Expenses
9:31 Paycheck Allocation
10:28 Subscriber Question!
11:25 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#personalfinance #investingforbeginners #financialplanning