I’ve managed to save more than half my income and in this series, I will be explaining in-depth some of the practical ways that I save money and how you can utilize these tips to do the same for yourself.
This series may change over time, but for the most part, I will cover practical tips as well as different concepts for personal finance. I’ve managed to save more than half of my income for two quarters in a row and if I continue to do so and invest that money, I should be able to technically retire in 10 years while living on off the same expenses and keeping the same lifestyle.
In the video, I will be further breaking down these 7 money sharing tips and in future videos, I will cover more. These are the tips:
Tip #1: Extend the value of anything that you can
Tip #2: Learn to cut your own hair
Tip 3: Watering down beverages
Tip 4: Get rid of your vehicle / Don't buy one to begin with
Tip 5: Buy assets, avoid liabilities
Tip 6: Avoid lifestyle inflation
Tip 7: Grocery shop for what is in season and shop retail during the offseason
These tips have been extremely valuable to me and I hope they bring you value as well. Let me know how you’re saving money and maybe I’ll add your tip in a future episode. How do you save money? How important is frugality to you? Let me know your thoughts, opinions, and recommendations in the comments below and don’t forget to like, share, and subscribe!