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Graham Stephan · Published February 21, 2018
These are the 5 steps I use when it comes to saving money. The best part about it…it doesn’t even feel like saving because it’s that simple. Enjoy! Add me on Snapchat/Instagram: GPStephan NICOLAS CAGE PILLOWCASE (They just raised the price): http://amzn.to/2BwYC2a Learn how to make money as a Real Estate Agent, build your network of clients, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: $50 off with code ThankYou50 for a limited time: https://goo.gl/UFpi4c Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ So how to save money in 2018? The thing is, at the end of the day, it really doesn’t matter how much money you make, it’s how much of that you can keep - whether you make $50,000 or $500,000 - if you spend it all, you’ll have nothing left to show for it. That means you’ll have to go back to work the next day and start over after every paycheck, just to replenish whatever money you’ve spent. If you don’t mind continuing to work and trading your time to pay for these things, fine…but for the rest of us that don’t want to rely on a job to pay for the things that really matter the most, it all begins with saving. And these are the easiest ways to save, without really feeling like you’re saving… 1. Buy it tomorrow - not in the moment This helps cut down on impulse purchases. Waiting a day to buy something, often times the excitement of buying something new will wear off and you’ll be able to decide with a clear mind if it’s something you should really buy. 2. f you’ve waited a day to buy it, then ask yourself: If someone were to offer me this product or its cash value, which would I take? This has cut down on a LOT of the purchases I would’ve made, because frankly, I’d just rather have the cash. This just helps put things in perspective and really focus on what you’d rather have…cash, or the item. 3. How many hours will I have to work to afford this? If you’re making $15 per hour, spending $45 on a dinner is basically costing you 3 hours of your life. Spending $300 on a new pair of shoes is equivalent to 20 hours of your life…just for a pair of shoes. Spending $12 on a Nicolas Cage Pillow Case is going to cost you 50 minutes of your time…decide from here if this is really worth it to you. 4. Set aside what you save This is my favorite one of all…lets say decided “I don’t need that Nicolas cage pillow.” I’ve just saved $12. As a “reward” for saving that amount, I’ll just transfer that money in a separate account where I’ll later invest it. That way it’s just fun to see all the ways I cut back, and all of a sudden I have thousands of dollars sitting in bank account from money I’ve just decided wasn’t worth spending on Nicolas Cage Pillows. You can do the same thing. Lets say you decide to order a $15 meal instead of a $50 meal that you would’ve otherwise got…take the $35 difference, put it away, and later invest it. It’s like an immediate reward for not spending. 5. See everything in its future value When you invest your money, it’ll grow - so when you spend this money, you’re basically just halting the growth that money would’ve made you. If you invest the cost of the Nicolas cage pillowcase of $12 over 35 years at an 8% return…that means the $12 pillow is really worth $177. I’d rather have the $177 because I won’t get that much value from the pillow case. Everything you do has a future value. Determining what it is. Thanks for watching! For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq
