My $100K/Month Income: A Look Into My Spending Habits | Money Diaries March 2024

by | Apr 30, 2024 | Backdoor Roth IRA | 3 comments




Behind-the-scenes review of my finances! March was a good month for me income-wise… find out what my income sources were and what I did with it!

TIMESTAMPS
00:01:39 – “Crossover Point” update
00:08:43 – Income breakdown
00:10:08 – How I budgeted
00:14:00 – What I invested in
00:17:23 – Money wins
00:18:05 – Money fails

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***THINGS MENTIONED IN THIS VIDEO! 👀***

💫 Call To Freedom Email Newsletter:
💫 Options Trading For Beginners Video Series:

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***BOOKS I RECOMMEND 📚***

I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)

The Little Book of Common Sense Investing (Jack Bogle’s classic advice on index funds)

InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)

Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)

Rich Dad Poor Dad (#1 selling personal finance book of all time… need I say more?)

Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)

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***MY FAVORITE MONEY TOOLS 🖤***

YNAB (I literally can’t live without this budgeting app, so obsessed)

Wise (like Venmo but for international currencies – I use this app a LOT for my life in Mexico)

High-Yield Savings Accounts (don’t settle for 0% when you can get 3%+ on your savings)

Ledger Nano S (crypto storage hardware wallet, because “Not Your Keys, Not Your Crypto”!):

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DISCLAIMERS & DISCLOSURES ❤

This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

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@itsrosehan is my social media handle on all platforms. I will NEVER message or email you about investment schemes, so please be careful and block & report any scammers posing as me.

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Money Diaries March 2024: How I Spend My $100K/Month Income

As someone who has been fortunate enough to earn a substantial income of $100,000 per month, I am often asked how I choose to spend my money. While some may assume that I live a lavish and extravagant lifestyle, the truth is that I am relatively frugal when it comes to my spending habits. In this month’s Money Diaries, I will give you a glimpse into how I allocate my monthly income.

First and foremost, I believe in the importance of saving and investing for the future. A significant portion of my income goes towards funding various investment accounts, including retirement accounts, stocks, and real estate. I make sure to contribute regularly to these accounts in order to build a secure financial future for myself and my family.

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In addition to saving and investing, I also prioritize spending on experiences rather than material possessions. I love to travel and explore new cultures, so a portion of my income goes towards planning trips to different parts of the world. Whether it’s a relaxing beach vacation or an exciting adventure in a foreign country, I believe that these experiences are invaluable and contribute to my overall happiness and well-being.

When it comes to day-to-day expenses, I try to strike a balance between enjoying the finer things in life and being mindful of my budget. I choose to live in a comfortable but not overly extravagant home, and I try to be conscious of my spending on things like dining out, shopping, and entertainment. I believe that it’s important to treat yourself occasionally, but I also believe in the value of living within your means and not getting caught up in a cycle of excessive consumption.

One thing that I do splurge on is giving back to causes that are important to me. I regularly donate to charitable organizations that support causes such as education, healthcare, and environmental conservation. I believe in the importance of using my financial resources to make a positive impact on the world and help those in need.

Overall, I am grateful for the opportunities that my $100,000 monthly income provides me and I strive to make the most of it by saving, investing, and spending wisely. While I may not live a flashy or extravagant lifestyle, I am content with the choices I make and the way I choose to allocate my financial resources. Money may provide me with security and freedom, but ultimately it is the experiences, relationships, and impact that I have on the world that truly matter to me.

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3 Comments

  1. @isaac91354

    I really appreciate this transparency and the resources on your channel. It is helping me learn how to be more intentional about reaching my financial goals instead of living life on autopilot.

  2. @shanekafavorite2738

    I'm so happy to have found your channel, I have so many questions, especially how to get started on investments.

  3. @aronbrand357

    zero based budgeting! i love, love this strategy!

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