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

By Stock Chat

where the coffee is hot and so is the chat

27 thoughts on “How i saved over $300,000 in 2017 – how to save money 101 five steps”
  1. Avataaar/Circle Created with python_avatars The Reply says:

    ❤️

  2. Avataaar/Circle Created with python_avatars Mo pops says:

    Now I need a Nicolas Cage pillow cage.

  3. Avataaar/Circle Created with python_avatars Emery Lindeman says:

    Can I get an 8% Return on Acorns?

  4. Avataaar/Circle Created with python_avatars Blake Deinas says:

    How does this video only have 15k views?! Love this one. Very important information man. Thank you

  5. Avataaar/Circle Created with python_avatars Morse Code Reviews says:

    Thanks for posting that Nick Cage link, gonna buy me 10 of dem…

  6. Avataaar/Circle Created with python_avatars Jean Laventure says:

    Hey Graham! So I live in an area that really isn't the best however, I also know that sometime small investments can generate great passive income! I've got a few lands selling at btw $500-17000! I thought about maybe buying a few and turn them into parking lots! But I'm live downtown in upstate Albany! Don't think that's a good market for that up here! Any ideas??

  7. Avataaar/Circle Created with python_avatars Akuma Sin says:

    Try save up my money get house

  8. Avataaar/Circle Created with python_avatars Dennis Benedictos says:

    So… where do I invest to have 7-8% return?

  9. Avataaar/Circle Created with python_avatars The One Above All says:

    Pillow case!!

  10. Avataaar/Circle Created with python_avatars Titcow says:

    Bought the Nicholas Cage pillow…how long until it's worth $177?

  11. Avataaar/Circle Created with python_avatars crazed outlook says:

    Nicolas Cage pillowcase. It never stops being funny.

  12. Avataaar/Circle Created with python_avatars Apex.21 says:

    Nicholas cage

  13. Avataaar/Circle Created with python_avatars Mike Rosehart says:

    Great video topic Graham. Similar to the one I just did, preeech! You are killing it.

  14. Avataaar/Circle Created with python_avatars ProXima says:

    Wow! Extremely helpful and insightful. Thanks a lot!

  15. Avataaar/Circle Created with python_avatars VAN SOLO says:

    They have sold out of the pillow cases !!!! Now they have David Hasselhoff underwear for $10…Bargain basement ebay

  16. Avataaar/Circle Created with python_avatars 65MMREHP says:

    It's common for me to see clients who make $45k a year buy a house before pharmacists or doctor clients who make $122k. The professional tends to eat out 4-5x a week and spend $250-1k a week on random home goods

  17. Avataaar/Circle Created with python_avatars Dae B says:

    "Is this worth x hours of your life"

    When in reality if you have to spend so many hours to make up for the items you may or may not be able to use often.

    Damn. That one really hit me 😂

  18. Avataaar/Circle Created with python_avatars Tara Ballard says:

    Do you sell on Amazon? Like FBA any mass products?

  19. Avataaar/Circle Created with python_avatars Dan Clausen says:

    So you tell us to save our money on the Nicolas Cage pillow case. Then you tell us to buy it? Real cool, Graham.

  20. Avataaar/Circle Created with python_avatars Deepa Maisuria says:

    I like your idea of "paying yourself" the money that you would have otherwise paid if you went out and bought that dinner. Great tips!

  21. Avataaar/Circle Created with python_avatars Max Payne3 says:

    we think just alike on this subject. i want to make 300k in order to save it but i dont know how and i know ill make more money with it and not spend it, i like my time so thats not what i want to make money on

  22. Avataaar/Circle Created with python_avatars Khanyiso Mapuma says:

    So we're not gonna talk about how Graham is obsessed about the Nicholas Cage pillow case? :-/

  23. Avataaar/Circle Created with python_avatars Mitchell. says:

    The stuff you come across, Nicolas Cage pillow cases.

  24. Avataaar/Circle Created with python_avatars Deez Nuts says:

    I invest all my money my portfolio grows like a mf just deposited 120 bucks I have like 12 k at 18 hell yeah need a million I’ve sacrificed a lot tho

  25. Avataaar/Circle Created with python_avatars Jordan Perez says:

    Hello my names Jordan Perez. I'm 18, I have no job, no drivers license, no credit, and I'm living with my financially struggling parents in the middle of no ware. "I want to build a real estate empire." I've made a goal to get a real estate license, drivers license, credit card, and a job so that I can start saving up money for my first real estate deal. Do you have any suggestions for me. It would mean the world to me if you, or anyone for that matter responded.

  26. Avataaar/Circle Created with python_avatars Cheryl Maas says:

    Being greedy

  27. Avataaar/Circle Created with python_avatars David Howell says:

    Drink every time Graham says “Nicolas Cage Pillow Case”

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.