Today I am going to do a reaction video for someone that I would not have known about if not for my kids. 👨👩👧👦
The were constantly talking about MrBeast!
I didn’t know who this guy was, then I watched a few of his videos. He is a great guy, giving away lots of money 💰 and doing some great challenges.
One of my viewers recently commented and said I need to do a CFP analysis on MrBeasts’ video of a challenge winner spending $1 Million in 24-hours.
I took that suggestion and ran with my reaction to this video:
✅Spending $1,000,000 In 24 Hours
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Be sure to stick around until the end where I am going to share a similar event that I had with a big chunk of money.
Seeing where Mark came from and how close he is with his family was awesome to watch. 🤗
A few things to consider:
Where is the money he put aside for taxes? He could put that in a high yield account and let it grow until time to pay those taxes.
If Mark would have invested more of that money instead of paying off the house and cars, he could have earned up to $150,000.
He could have invested and earned $20,000 a year in dividends.
So a similar experience for me where I walked away with $1.5 Million after a liquidity event - I am still holding on to most of that money. It has been sitting in a high-yield savings account.
**I will be using some of the money on the upcoming Grow Your Dough Throwdown
My biggest advice for people that inherit or win a big chunk of money - for the first 3 months to a year - don’t do anything with it. 💰💰
Sit on it, don’t spend it. It goes a lot quicker than you can imagine.
You want to make wise decisions and make that money work for you.
For all you MrBeast future winners, reach out to me - I’d love to help you with financial advice!
✅Spending $1,000,000 In 24 Hours
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✅Why Millionaires All Work Below Minimum Wage (and love it)
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#MrBeast #$1Mchallenge
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