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My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
I thought this would be a fun video, to go back to the basics and cover EVERY technique I’ve used that’s allowed me to save almost 100% of my income and essentially “Live For Free”.
FIRST: LIVING FOR FREE
This is when you buy a multi-family home - like a duplex, triplex, or fourplex…then LIVE in one of the units, and rent the others house to cover your cost. You could also buy a single family home with a detached guest house, or maybe with a basement that you rent out to cover your overhead. Typically, when done right…the rental income from the other units will cover your entire cost of owning the building - and when that happens - you’ve essentially got a free place to stay. VIDEO HERE: https://youtu.be/smvvTw5GhyM
SECOND: DRIVING FOR FREE
There ARE cars out there that you can buy, under market value, at the bottom of their depreciation curve…that don’t lose much value during the time that you drive it. For example, MANY used cars reach this point after about 5 or 6 years where the depreciation levels off, allowing you to use it without costing you a lot of money. Then, at the very least - the only out of pocket cost would be insurance, maintenance, and gas…which, if you find yourself a reliable car, and don’t get speeding tickets…it shouldn’t be much money.
THIRD: TRAVEL FOR FREE
Credit card companies will offer incredible bonuses JUST for signing up for their credit card. People who understand the art of how the system works, can use this to their advantage by signing up for said credit card, meeting the minimum requirements to get the bonus...then GET the bonus, redeem that for all types of free travel, and then move on to the next card and repeat the process again.
First, obviously, you should NEVER do this is you have no idea how to properly handle a credit card.
Second, NEVER pay a SINGLE DIME IN INTEREST. So lets make it clear: you won’t owe ANY interest when you pay off the card in full, when it’s due.
Third, DO NOT DO THIS if you’re about to get a loan for a house, or a car.
But if you can follow the above few steps and do your research about the best credit card reward bonuses to get…doing this can be a fun hobby that’ll end up making you a LOT of money in free travel, rewards, and perks - and that’s how I’ve been able to cut my travel expenses down to $0.
FOURTH: MAKE COFFEE AT HOME
If making coffee at home means that you can save just $15 per week on coffee…that works out to be a savings of $780 per year. And if you JUST invested that money every year, instead, in an SP500 index fund within a Roth IRA, earning an average of a 7% interest rate with dividends re-invested…over 40 years, you will have accumulated over $178,295.54. Thanks to Trade Coffee for sponsoring this video 🙂
FIFTH: EATING AT RESTAURANTS
Instead of going out to eat somewhere…it’s REALLY simple to go to the grocery store, spend $7, and make a restaurant-quality meal yourself, at a fraction of the price.
SIXTH: GET FREE PARKING
I just don’t see the point in spending $5 to $10 to park in a parking lot, when I could park a block away - for free - and walk to where I’m going, instead. To me, that’s like I’m getting PAID just to get a little exercise…and it saves me money.
SEVENTH: TRACK YOUR EXPENSES
This is like the glue that holds everything together, because without knowing how much you spend…you won’t know how much money you’ll need to sustain your lifestyle, and you won’t be able to effectively cut back on the things that aren’t really bringing you much value. Doing this is really, really simple…I use the websites Mint.com and PersonalCapital.com, which automatically keep a thorough report of how much you make, how much you spend, and where you spend it.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
I thought this would be a fun video, to go back to the basics and cover EVERY technique I’ve used that’s allowed me to save almost 100% of my income and essentially “Live For Free”.
FIRST: LIVING FOR FREE
This is when you buy a multi-family home - like a duplex, triplex, or fourplex…then LIVE in one of the units, and rent the others house to cover your cost. You could also buy a single family home with a detached guest house, or maybe with a basement that you rent out to cover your overhead. Typically, when done right…the rental income from the other units will cover your entire cost of owning the building - and when that happens - you’ve essentially got a free place to stay. VIDEO HERE: https://youtu.be/smvvTw5GhyM
SECOND: DRIVING FOR FREE
There ARE cars out there that you can buy, under market value, at the bottom of their depreciation curve…that don’t lose much value during the time that you drive it. For example, MANY used cars reach this point after about 5 or 6 years where the depreciation levels off, allowing you to use it without costing you a lot of money. Then, at the very least - the only out of pocket cost would be insurance, maintenance, and gas…which, if you find yourself a reliable car, and don’t get speeding tickets…it shouldn’t be much money.
THIRD: TRAVEL FOR FREE
Credit card companies will offer incredible bonuses JUST for signing up for their credit card. People who understand the art of how the system works, can use this to their advantage by signing up for said credit card, meeting the minimum requirements to get the bonus...then GET the bonus, redeem that for all types of free travel, and then move on to the next card and repeat the process again.
First, obviously, you should NEVER do this is you have no idea how to properly handle a credit card.
Second, NEVER pay a SINGLE DIME IN INTEREST. So lets make it clear: you won’t owe ANY interest when you pay off the card in full, when it’s due.
Third, DO NOT DO THIS if you’re about to get a loan for a house, or a car.
But if you can follow the above few steps and do your research about the best credit card reward bonuses to get…doing this can be a fun hobby that’ll end up making you a LOT of money in free travel, rewards, and perks - and that’s how I’ve been able to cut my travel expenses down to $0.
FOURTH: MAKE COFFEE AT HOME
If making coffee at home means that you can save just $15 per week on coffee…that works out to be a savings of $780 per year. And if you JUST invested that money every year, instead, in an SP500 index fund within a Roth IRA, earning an average of a 7% interest rate with dividends re-invested…over 40 years, you will have accumulated over $178,295.54. Thanks to Trade Coffee for sponsoring this video 🙂
FIFTH: EATING AT RESTAURANTS
Instead of going out to eat somewhere…it’s REALLY simple to go to the grocery store, spend $7, and make a restaurant-quality meal yourself, at a fraction of the price.
SIXTH: GET FREE PARKING
I just don’t see the point in spending $5 to $10 to park in a parking lot, when I could park a block away - for free - and walk to where I’m going, instead. To me, that’s like I’m getting PAID just to get a little exercise…and it saves me money.
SEVENTH: TRACK YOUR EXPENSES
This is like the glue that holds everything together, because without knowing how much you spend…you won’t know how much money you’ll need to sustain your lifestyle, and you won’t be able to effectively cut back on the things that aren’t really bringing you much value. Doing this is really, really simple…I use the websites Mint.com and PersonalCapital.com, which automatically keep a thorough report of how much you make, how much you spend, and where you spend it.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
The opening skit is still one of my favorite things Graham has ever filmed. I come back here every now and again whenever I want a good laugh.
A great and admirable achievement.
I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.
Thank you Graham, your content helps a lot.
is this a joke?
lol
In a way it's a blessing to be intolerant to coffee lol 😆 save the money
My accommodation, food is paid by my company. I think i can do this 🥱
The problem with house hacking is if you are next door to someone you do not like , you can’t get away .Also, they know you are the owner and will end up bugging you all the time to fix things. Lastly, if they fail to pay rent, it is hard to evict someone nowadays.
Question about the credit card travel hack… Do you get rid of the cards after using the points? Or only keep the good cards
bruh needs to invest in that hairline
You can also house sit long-term.
Her: Babe can we go to Benihana?
Him: Yes, first let me apply for this credit card and get the bonus poi… 🏃🏻♀️
Love the free parking idea. I had a vacation trip to San Francisco recently and we already knew that parking would be incredibly challenging. We stayed at a hotel just north of San Francisco, paid $100+ less for the room, and paid $0 for parking (it would have been $65+ per day at the same brand hotel, just located near Fisherman's Wharf). When going into San Francisco, we would just wait or drive around our location for a few minutes into the neighborhoods and found free parking spots with just a bit of patience, and walked towards our location, instead of paying $8 on a meter PER stop! For a 2.5 day trip in San Francisco, we've spent a total of $5 in parking and drove to all of our locations!
Excellent
“Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family”
Tell me how you make a lot of money without telling me you make a lot of money
TNX GOOD
Okay thanks give
TNX GOOD
Your comment of tax deduction on the car for business was a bit misleading. Unless you use it 100% for business, you can't deduct 100%. I know cause I'm a CPA.
Just a note, the new 30,000 dollars you sold it for were deprecated dollars. I hope I am not getting too technical by saying that. Just being aware of it, as mentioned on another one of your videos .
Good video man
My normal spend is 1/2 my take home. My max frugal spend would be $900/mo, mainly because car repairs +gas+insurance is over $600 (long commute, sigh). So realistically $1000/mo. Plus 500 for utilities. I splurge on some restaurant meals (<$20) and I have a hired lawn mowing company (I’m out of shape and allergic to grass). Technically I can save like $1500/year, probably more, by cutting those two out, but…I don’t want to.
Great content!
By all means save money but not to the point where you grow old & look back & regret the things you wanted to do when you were young but are too old with co-morbidities that you can't do it now. Im a nurse in intensive care, seen too many people die suddenly. Money cant bring you back once youre gone. Live life to the full or your kids will spend all your hard earned money on the things you prevented to buy in order to save…….
Graham you make me feel awful about my loose spending habits and I LOVE IT. Thank you sir
the last bitd abt thinking about money were genius because it helps me a lot with saving
Thank you. Great tips man
Wonderful take on Robert Kiyosaki, he does deserve at least our applause. He’s like adding salt and pepper to create the perfect steak. Nothing new, just an awaking of what we should have gathered from our collective years of living.
Is there extra room in your moms basement? I don’t eat a lot of pizza and am real quiet😇😊
Its weird watching his older pre covid videos and seeing his old studio and stuff
Do you cancel your credit cards before the annual fee come in?
i have been doing that car hack my whole life. gotta love used honda civics. honestly i probably made money on every car i had