Rich Brother Finances
Rich Brother Finances
Saving without cutting down on luxuries out entertainment could be a far-fetched fantasy, but not anymore, sick to the end of the video to see how i exactly did it.
First thing I did was understanding one crucial thing, which is $1,000 a month is $33 per day, which makes everything clear for the next step.
Now I used the personal budget calculator (This is the link to it HERE), to understand what my spending are on daily basis, of course since i don’t want to cut down on anything,
Step 3: the Trim
I started searching for alternative options for my every day expenses, for example: instead of going for an $8 coffee, I started getting a $3 coffee and keep the 5 in a jar.
Instead of having a $5 phone recharge, i started using online calling apps and keep the $5 in the same jar.
Instead of filling my car with premium gas, i started filling it with standard, and keep the difference in the jar.
The point is, i downgraded some of the things I do on daily basis, and not all of them, only the things I can actually find them or get them for lower price.
My goal after all was only $33 a day, so that wasn’t the hardest thing to do honestly since I did not cut things down, I just chose cheaper options.
Surprisingly, by day 30 when i opened the jar, it had literally $996 in it, it felt amazing that i actually have a $1,000 which I can invest somewhere or I have the privilege to keep in in an emergency funds account.
At the beginning I felt that it’s very hard to do that, but in contrary it was very easy, and the best part is, i now like the $3 coffee, and there is a place that sells it for $1 which I will obviously pick.
Saving is pretty much like debt, there is a method to do, and since you are reading this, means you are not someone with high income, and saving goal is part of your every day thinking. I call this The Saving Snowball, where every dollar counts.
we are very familiar with the thought of:
the point is, every dollar count, the more you respect and consider that this saved will help you better elsewhere, the more saving you will do.
Saving $1,000 in 30 days is now something that I see as a lifestyle, and my next goal is now to cutdown on more, and actually save more. I believe everyone should actually have a big emergency fund account, a big savings account, and an even bigger investment account. I will leave some useful links below to make the maximum of your saving challenge and saving journey.
