Timothy (Tim) Schucker, a 23-year-old entrepreneur who runs a marketing and AI automation agency focused on insurance companies, explains why he lives frugally despite his business collecting $109,000 in cash in one week. He distinguishes business revenue from personal take-home (his personal take is about $20,000/month), describes company scale (roughly a 20-person remote team, ~12 appointment-setters/closers), and reports business margins of ~30–35%. Tim spends under $4,000/month personally (rent split ~$2,000, ~$500 car payment) and invests roughly 80% of his income (about $14,000/month) automatically into Robinhood with a goal of reaching $1,000,000 in invested stocks within a year. He advocates minimizing lifestyle inflation, using the 4% rule as a planning frame, and plans to scale investing as income increases (plans to invest ~$80k if/when making $100k/month).
Questions this video answers
$109,000
23 years old
$20,000 per month
Approximately $20,000 per person per month (each)
Approximately 30–35% (monthly)
Chapters
Alright, so last week my business did around $109,000 in cash collected. Yet in my personal life I still live like I am dirt poor. And I'm going to essentially explain what that means and why I do that and how you can apply these same lessons to ultimately build your net worth and get rich faster. Now if we haven't met yet, my name is Tim shooker, I'm a 23 year old entrepreneur and my day job or day business that I run is I have a marketing and AI automation agency that helps insurance companies scale their business. So that's what I do during the day and then I make these videos on the side to help you guys that are coming up. I remember I started in the game back when I was like 16, 17, now I'm 23. So I've learned a lot of lessons along the way. I've made a lot of mistakes and I also want to help you get to where I'm at much faster than I did. So let me kind of break down what my business does and then I'll talk about how I kind of live in my personal life, why I do that and how you can apply that to your own sit situation. So essentially what my business does is we sell like marketing packages and help insurance agencies and insurance companies implement AI into their business and then we also help them with lead generation. So I've basically been kind of like crafting and refining an offer over the last probably three years in this particular niche to create the product that we sell now. So I have a team with like 20 people on it. It's a remote team spread across the US and a couple, couple various international countries. And yeah, I mean pretty much we run Facebook ads to get people to book a call on our calendar. And then we have a team of about. Man, I'm not even just trying to make up the number. I think it's like 15 salespeople, might be a little bit less, let's just say 12 salespeople between setter appointment setters and closers that take those calls, close the deals. And essentially last week we did $109,000 in cash, not in revenue but in like actual cash run through our payment processors. I'll throw up a couple screenshots if I didn't already in the beginning of the video. And that's essentially kind of what we did. So we technically collected 109 grand in cash. Yet that's actually not what comes into my bank account. Right. You see a lot of these videos where people talk about, oh, you Know, I even did it just last week. Like I made a statement, $363,000 in a month, that I didn't actually make that deposit in my bank account, but that's what my business did in revenue, right? So when you see people that throw out big numbers, that's not necessarily a bad thing for someone to throw out a big number. Because like, for me personally, as currently, as of filming this video, my personal income is $20,000 a month. But my business is on pace to do almost $400,000 a month. So if you think about it from a perspective of somebody who's going to make a video, what are you more likely to click on? I made 400k this month or I made 20k this month. So it's not necessarily like somebody's doing something bad as long as they're getting you to the video and delivering you value, which hopefully this is going to do. That's just something you should keep in mind, right? A lot of times when people say I made X, it doesn't mean they actually made X. I will let you guys know with whatever I tell you if it's a revenue or profit. What I'm talking about specifically is revenue. So if I do $109,000 in cash, how much am I actually making in taking home personally, right? Well, right now I have a business partner. Our margins that we run on our business are anywhere from like 30 to 35%, usually on a monthly basis. So those aren't exactly where we want them. We want them to be higher. That's something that I'm working on on a daily basis. But we both basically take out around $20,000 a month currently. So, you know, if I take out $20,000 a month, like, yeah, you could go and take that money. And realistically, with my current income, I could lease a Lambo, right? Like, I could 100% lease a Lambo and act like I'm, you know, big shit popping and making a bunch of money. But at the end of the day, for me personally, the reason that I live like I'm broke, I spend less than $4,000 a month between rent, food, expenses, everything. The reason I do that is because I invest about 80% of my income, right? So on a monthly basis, I'm putting away about $14,000 a month, right? I have. Basically what I have is I've set up on the Robinhood app for it to automatically withdraw money from my bank account and just invest it directly into Robinhood. My goal is ultimately, I want to have a million dollars net worth invested in stocks within the next year. That's my goal. So to do that, If I'm making 20 grand a month, I need to invest even more than 20 grand a month to be on pace to hit that goal. Like, I need to be investing about 50, $60,000 a month to be at a million in net worth by this time next year. So for me, it's like the way that I think about it, and a lot of you guys, when you start a business or you get an agency and you start making like six low six figures or whatever, your immediate reaction is going to be, okay, cool, I'm making a bunch of money. Let me go ball. Do not do that. Like, trust me, do not do that. Because the money can go just as quickly as it comes, right? There's been months where I put out seventeen hundred dollars a month out of my business for like three, four months, like around this time last year. Like, there's seasons where it's great and there's seasons where it's not so great. So what I recommend doing is just really, like, taking that cash and trying to live as minimal as possible, right? The only thing that I spend money on is food because it saves me time. But besides that, like, I'm not buying anything nice, at least not currently. My rent, I split it with my fiance. It's like $2,000 a month. So it's like thousand bucks a month each. My car payment's like 500 bucks. I have a Tesla, basically. I mean, rent, insurance on my car, and food are the only things that I spend money on, right? I don't buy designer clothes. Like, I get a shirt that I've had for years or I wear something on Amazon. And, like, the key is when you do that, you don't have a lifestyle that you have to uphold. You're not stuck on a hamster wheel of how do I buy the next thing to keep impressing people that I don't really care about. What I focus on is just how can I stack more cash and build my net worth so that eventually, right? And if I had $10 million invested in stocks, I can live off of 400 grand a year and never, ever run out of money, right? If you look at the 4% rule, which is an investing rule. So that, ladies and gentlemen, is the key, is you want to make a bunch of cash, keep your expenses low, and just invest like 80 to 90% of what you make, right? Like, when I'm making 100 grand a month, which I should be there in the next six months. I'll be pissed if I'm not. I'm going to be investing like $80,000 of that 100 grand every month just straight into Robin Hood investments. S and P500 stacking and boat in the net worth. And by the time I'm 30, you know, I could be worth 50 million bucks depending on how the income goes. So that's the, that's the game plan guys should. But I have a little bit of like, lifestyle inflation. Probably in the next six months to a year, I'd like to move into a nicer house. You know, I want to move, move back to Arizona in Scottsdale, probably get a little bit of like a nicer car. But it's all, it's all got to be proportional to your income. So don't spend all your money. All right? That's the, that's the moral of the story. See you guys soon.
