In this video I’m going to walk you step by step
exactly how I saved over $12,000
without freezing my credit cards,
depriving myself of saying no tonight’s out.
The seven unconventional ways I saved over $12,000 in under six months.
This video’s not gonna be telling you to budget,
or to not spend money on lattes,
or to cut back on spending.
This video’s gonna have 7 unconventional ways to save money.
Things that I did found saving to be quite easy,
not painful, almost automatic.
And this is stuff you can implement without noticing a whole lot of change
that can really impact your finances.
It’s not about the money we make.
It’s about the money we keep.
So this video is gonna touch on 7 of those strategies to do so.
Let’s get into them now.
Way number one.
This is my secret weapon.
And I did save over $12,000 with certain rules.
A lot of us go into my trip upcoming I keep talking about
might be on it by the time the video is live, in July.
And you know I had come up with a way to save five thousand dollars
without tapping into savings,
without tapping into income,
不需……你可以继续支付租金 食物 开销
without you know still paying rents and food and expenses
and all that stuff.
And this app that I’m going to share with you
was my secret weapon,
it’s called Qapital.
This has been a game-changer, my girlfriend turned me onto it,
and you can set up these rules,
so we’re automatically senses when you spend money.
Then it will round up to the nearest dollar,
or round up to the nearest two dollars if you program it,
or five dollars.
And so these many deposits that you make into this account
add up over time,
and this is how I was able to save $12,000.
Along with some of these other strategies, I’ll get to in a little bit.
But this was the main thing such a cool app.
There’s also a rule on here called the freelancer rule that I use.
因为 在每年年末 或者在即将到来的四月
Because you know at the end of the year, at least in April comes along,
and Uncle Sam wants a tax bill.
Well, I got to come up with that
because none of this income is really taxed.
因此 自由者规则非常炫酷 你可以试试
So the freelancer rule is really cool, you can program to say,
okay, Qapital, every single time I make a check,
or deposit a check into my bank account because you link it,
take 30% of that and put it in this account.
And you can stockpile this 30% of everything you make,
or 10% or 5% into these mini goals or accounts.
Okay, this is such a cool app.
And this makes it automatic.
When you make it automatic,
you’re able to take the emotional side of saving money.
Like you’re taking something away from yourself,
and you’re able to automate it,
and then you don’t get in the way of it.
And so I really close down all my other savings accounts,
and just use this app my checking and a few other banking resources.
Between that it’s all I really needed.
I mean this app is a huge lifesaver.
So I’ll post a link down below.
And full disclosure they did not pay me for this endorsement.
Just an app I’m really passionate about found it naturally.
If you sign up through the link,
you get a cool $5 free on your first deposit.
It’s what I didn’t got five bucks,
and I’m going to free five bucks.
If you sign up it’s cool,
we can support the channel.
So that’s the main one.
The second way I saved $12,000 in about six months
was that I paid myself first.
This comes out of the concept from the richest man in Babylon.
One of those old-school classic book titles
that all the grandpa’s talk about, it’s a good book.
But the big idea from that is that:
If you pay everyone else before you pay yourself last,
you’re not going to be able to get rich.
You got to flip that on its head and pay yourself first,
work on your fortune first,
and then with the rest of money make do it.
So a part of everything you make should be yours to keep,
and in the book it recommends 10%.
So you got to automate it and don’t touch it.
You save 10% of everything,
every single check you make,
and don’t touch it.
Third tip, ice cream in the freezer.
What do I mean by that
this is just something a little cheeky saying I have when I’m talking to my friends about finances,
or how is able to afford a lot of things I have
without sacrificing my lifestyle,
without saying no to Starbucks
or going out to eat or anything like that.
I said, look, the reason I’m able to do that is because of strategic budgeting.
Ice cream in the freezer is a good analogy for this.
What happens if you bring home a tub of ice cream
and you keep it in your freezer？
And you say, okay,
I’m only going to eat it on Saturdays or weekends or after workout.
That’s good and that works for a week.
But down the road you’re going to crack.
You’re going to tap into it,
you’re going to eat it
because it tastes freakin delicious.
Alright, ice cream in the freezer works the same way with money.
If you keep all your money in one spot,
it’s like keeping ice cream in the freezer,
you’re eventually going to tap into it.
So if you got to do,
what I would recommend and I do in my life
is I have separate accounts for different goals.
I have one account for my checking.
That’s just my straight checking account.
I have a PayPal account for my business expenses.
所以 如果我要把网站的某项外包 就用这个账户
So you know if I outsource anything on my website, goes through that.
If I pay for a new camera gear that I use for my business, that goes through that.
Then I have another one that’s just for investing.
So I have a separate account altogether
for saving money that I invest in the stock market.
Okay, so having those three accounts, it’s great,
because now it’s like having three different freezers I can keep ice cream in.
I say this is the weekend freezer, this is the weekday freezer.
This is the party freezer having a good time.
So don’t trust yourself the moral of story is that
we’re not always good with our willpower.
Keep your money in separate accounts for separate goals.
Next thing, focus on big wins.
This is the concepts from “I Will Teach You to Be Rich” by Ramit Sethi.
Great concept that his whole thing is like,
most the personal finance advice sucks.
And it’s talking about penny pinching,
and that’s a miserable way to live.
And then when you focus on the big wins,
that’s actually how you get rich.
What are the big wins they’re negotiating your salary？
Most people don’t negotiate their pay enough.
And you get a six-month raise if you’re working a job, right？
You should be negotiating at least every six months,
始终努力拿到更多薪水 因为随着时间的推移 这会越来越多
and always try and get more because that adds up over time,
一年下来 能有一万美元的区别 真的
that can be the difference of ten thousand dollars a year, really can.
That’s a huge win.
That’s so much better than if you tried to really
deprive yourself of like a $2 latte every single day,
or something like that, or a night out every single week.
So when you focus on those big wins,
like when you buy a house.
Okay, well, what kind of rate are you getting on the loan that you’re paying for 20 or 30 years？
That’s a big win.
Go all in on that or how much did you pay for the house?
When you prioritize in terms of most effective most impactful to least impactful,
you can give all your time and energy to the things that really really matter.
Great thing he talks about is getting out of debt
because debt is expensive,
it’s the expensive place to be
显然 如果背负债务 你不可能变得富有
and you can never obviously be rich if you’re in debt.
So that’s a big win for him.
It’s focusing all.
Focusing creative ways to get out of debt.
Way I saved money was
actually inspired by minimalism.
That whole concept.
And this isn’t a video on minimalism
and getting rid of stuff.
It’s just some life experience.
I’ve been experimenting with the past,
probably six months.
And the way I approach minimalism isn’t stripping everything down into black and whites
and throwing everything out,
and living with like two T-shirts.
It’s that just finding things that really bring you joy,
and only having those around you.
And when you’re able to get rid of all the clutter,
all the stuff you don’t need,
ironically you, you end up buying less.
And you don’t fill that space,
because I used to think that if I got rid of everything,
I just buy more space to fill it.
But it’s actually the opposite.
I don’t buy anything,
hardly at all.
So a good way to save money is to
try and get rid of stuff you already have.
It doesn’t you don’t even have to sell it.
You could just throw it away.
Strip everything down to the essentials,
and you’ll be surprised at what little you need.
A good tip I heard online is
you know, if you’re ever thinking of buying things,
well, if you can’t afford to buy five,
you can’t afford to buy one.
I love that saying.
Because it also paints the picture of like,
should you really be spending your money on something？
记得 如果不能承受五倍价钱 那么干脆别买
You know, if you can’t buy five, you shouldn’t buy one.
You can’t buy five iPhones, you shouldn’t probably buy the new one.
You can’t buy five Macbooks, you probably don’t need a new one.
Point number six, this is to audit yourself.
A great way to save money is to get honest with where you’re at.
I got this out of Kevin O’Leary’s book,
the guy from Shark Tank, the bald dude,
I got him from this book “Men, Woman, and Money”, the “Cold Hard Truth”.
He’s talking about a 90-day number
that you should know
without a shadow of a doubt what your 90-day number is,
that is the money in and money out.
So how much you’ve spent
total number for 90 days?
And how much you made total number for 90 days?
And then the difference is a positive or is it negative?
显然 如果收大于支 你的钱在减少
Obviously it’s negative you’re losing money.
It’s not very good.
If it’s positive you’re earning money,
因此 如果收大于支 想办法削减开支
so if it’s negative, find ways to cut back,
find ways to focus on those big wins.
如果支大于收 努力保持 按现在的方法做下去
Or if it’s positive, find ways to keep going, and doing what you’re doing.
Another great way to audit yourself and what I implemented was
taking a just a sheet in my journal.
Right and on one side, one page,
I had all my fixed expenses,
包括我的租金 车的保险费 食物开销
so my rents, my car insurance, my food bill,
some business services I have things that would not change.
And then on the other side,
I had the things that were making me income for 90 days.
So you know YouTube ads,
or journal sales,
or video breakthrough Academy,
our courses, or coaching, all that stuff income.
And then in the middle,
you can do like a little one inch or two inch of things you can improve,
things you could change,
and at the bottom you have your 90-day number.
So great exercise is you can implement.
Way number seven, I saved $12,000 in six months
is I got educated.
I continue to educate myself with finances,
anything about this topic is really fascinating.
And it’s something I got “Rich Dad Poor Dad” that book we discussed
and we’ll discuss again here this year
is that financial IQ –
something you don’t learn in school.
And if you do stiff finance about keeping a budget,
you know, saving money on whatever,
and so we need to take…we need to be proactive in educating ourselves
on how to become rich that just like anything else.
Finances is a skill,
and you got to develop the literacy,
so you can have things work for you not against you.
Because a lot of the stuff no one’s going to teach you,
and you have to teach yourself.
So a couple of books I recommend and that I read
on this exact same topic and that I continue to read and get inspired by.
we did a book summary on this channel, linked in the description,
by Tony Robbins.
The second one “Money Master the Game”,
by Tony Robbins, kind of a continuation.
Or precursor to that book on there those are phenomenal books.
“Men, Women, and Money” on the “Cold Hard Truth” of Kevin O’leary.
I will teach you to be rich by a remain safety.
And the last one is “Rich Dad Poor Dad”.
Those are all good places to start and educate yourself a little bit more.
There you go, those are the seven tips I use.
强调下 最重要的是使用Qapital 整个程序都是自动的
Again, the biggest one is that Qapital app and just automating this whole system.
So links in the description below.
You want to check it out, go for it, great.
I hope those tips helped.
If they do, leave yours in the comments below,
leave your best money saving tip or way you went about it,
in your life personal story,
I love reading those in the comments below.
Also link three things down there, the first three things.
First one is the “Free 11 Questions to Change Your Life”.
If you’re into that, that is refusingtosettle.com.
The second is a free ebook on how to start your own video based online business,
that generate passive income,
the “YouTube success” for me.
I’ll leave that in the link below.
Exactly pulling back the curtain how I’m doing all the stuff you’re seeing right now.
And the third is our Facebook mastermind group.
You’re not in that not connected with like-minded people,
come on over, invitations there,
the closest group so you do have to get approved.
But just apply and the admins will let you in shortly.
Until next time.
Stop settling, start living.