I think the first reaction a video like this is, oh oh Tommy is must be struggling, things are not looking good. You know you call the kids, and say you see what happens with youtubers. But I reality to be able to live the way I do below the poverty line is not as easy as it sounds, and when I say below, I really mean below.

According to Google to qualify that you live below the poverty line you have to have an income of $12,880 for one Person (( and I remember living in New York with my mom and we were above the poverty line by $3000-4000 dollars meaning we low-key poor but we made it work ). I can live off 973.75 which means I live on less than 12k a year.

However this interesting because I live better than the average American will ever live, and I don’t say to show but I want to show you what’s possible. I have a paid off Car, Paid Off House and I make in passive income 12k a year if I want to make the money stretch 33 years and If I just wanted to ball outta control I could take 3X more than I need and not run out of money for lone time. I have someone clean my house and do my laundry, and even have someone do my lawn( and when I go to super market I buy the ultra strong toilet paper, so you know I’m rich )

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1. House/Apartment ( my biggest Obstacle )

I knew that if I stayed in New York I would have to pay $1200 for an apartment and if I wanted to buy something I was looking into nearly a half a million dollar investments

So relocating was a big obvious sign for me

I was going to go to Florida, Texas or Puerto rico

Here I Puerto Rico:

You can buy an apartment for 50-100k and you can buy a good house for 100k-200k

Or you can rent for $500-$1200

So I had saved up nearly 200k I bought a home for 130k remodeled it and I have no mortgage and since its my first property I pay no taxes ( so It only cost $300 a month to main this property Cleaning, Lawn Care and insurance I have to go shop around for it )

3. Utilities ( a lot of people pay to much attention to the small things )

I know people that just to save money on Gas, light bills sign up for 60k in debt

They buy solar panels for 30k and buy a tesla for 30k ( and I’m like you saved $300 bucks a month to pay 60k ) okay that’s stupid

So my strategy is simple, I’m not wasteful and I used energy efficient appliance

So between everything I spend: $313.75 on utilities

I know people that spend that much on a phone bill ( ps my phone bill is $40 bucks a month, I have tmobile with some friends)

3. Groceries

My budget use to $200 a month but then inflation came in and honestly I like spending some extra money on quality food

So Increase my budget to $300 a month

And sometimes I might spend $20-$50 bucks going out with friends once a week or every other week

So the big thing here is: I cook at home and I don’t spend a ton of money going out and uber eating everyday ( I tried uber eats for a week and I was spending 20-30 a day, and I said that’s 900 bucks a month )

4. Transportation

Like I said my car is better than most

I get 50miles a gallon

Its paid off and its sexy ( I drive a 2014 prius )

So I spend about $40 bucks on gas and $20 on car washes a month ( insurance is one time payment of $200 a year here )

Honestly I wont be living below the poverty line for much longer

I have to shop around for health insurance again which will be $130 a month

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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