Cash Stuffing Business To Bring In $1 Million This Year

cash stuffing

Traditional budgeting methods appear to be the newest hot thing among young folks. Perhaps your grandmother remembers concealing money beneath the bed. Morning Insider’s Lauren Victory examines the resurgent financial practice known as “cash stuffing.”

Jasmine Taylor was broke before “Guys and Budgets,” but she has turned it into her identity and business. The 31-year-old was sacked from a medical job just before the COVID-19 outbreak. “I was just very stressed and sad. “This is my final year feeling this way,” I was told, so I believed it “Taylor, a Texan, explained. She knew she needed financial education, but she did not know where to start.

Cash Stuffing Is A Good Way To Grow Your Money

She came across “Cash Stuffing” while doing an internet search. “particularly if you are of a certain ethnicity, have a low income, or both. We are taught how to live. You were trained to be self-sufficient. You are not taught how to flourish and accumulate wealth “Taylor, who now mentors on her YouTube and TikTok channels, remarked.

In one video, which has received over 500,000 views, she says, “When I want a new smartphone, I save up until I can afford it.” The video shows a lady placing cash into labeled envelopes after totaling up her pay bill by bill.

“What percentage of my salary should I place aside? What does it look like?” Taylor provided examples of questions she answers while illustrating how to count expenditures with standard tools such as a pen, paper, and calculator.

Cash stuffing, in her view, is ideal for individuals who truly require a budgeting method. “It is not a smart way to save money, prepare for retirement, or make long-term objectives. You should really be investing in other vehicles. If your workplace offers a 401(k), you must contribute to it.”