Understand Your Spending: Stop Feeling Broke!

4 Aug 2026 · 1 min

Watch on YouTube

1:07

In this concise personal‑finance monologue, the speaker urges viewers who earn well yet feel financially strained to examine their actual spending from the past 30 days. He instructs them to categorize every expense into four buckets—living costs, debt payments, discretionary wants, and savings/investments—without judgment, emphasizing that true change starts with understanding where money goes. He highlights how small, recurring charges (e.g., $20‑$40 subscriptions, dining out, Amazon purchases) can accumulate and erode finances. By gaining financial awareness, individuals gain choices and agency over their money. The speaker concludes with a call to action, inviting viewers to follow him to support a broader Latino economic empowerment movement.

Chapters

If you make pretty good money but somehow still feel broke at the end of every month, I want you to try something. Now go back and look at your last 30 days of spending, not your budget, but what you actually spent. Look at your bank account and your credit card statements and put everything into 4 simple categories. Number 1, what did it cost me to live? Category number 2, how much did I spend on debt? Number 3, how much did I spend on things that I wanted? And number 4, how much did I actually save or invest? Now don't judge yourself, just look at the numbers, because here's what I've learned: you can't change what you don't understand. And sometimes it's not the big expenses that are hurting us, it's the $20 here, the $40 there, subscriptions we forgot about, eating out, Amazon, little things that don't feel like much until you add them up. So don't start by saying I need to stop spending, start by saying I just want to understand where my money is going. Now that's financial awareness, and financial awareness gives you choices. Now, if you believe like I do that we can create a Latino economic revolution in this country, follow me. Every follow helps me continue doing this work and getting this information into our community. Let's build wealth together. Con corazón.