Here is exactly how you can save $10,000 – Fast – using these simple strategies to begin cutting back, saving more, and investing more – Enjoy! Add me on Instagram: GPStephan | GET MORE INFORMATION HERE: http://grahamstephan.com/newsletter
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HOW TO SAVE $10,000 FAST:
1. Break Down The Timeframe
There’s a problem if you tell yourself: “I just want to save $10,000 as fast as possible” – in that case, the deadline is INDEFINITE – so, it helps to have a REALISTIC timeline of when you want to accomplish your goal.
2. Start Right Now
You have the MOST momentum when you’re initially excited about the idea of trying something new; within about a day, that excitement wears off and you’re stuck with the reality that your entire life has been one giant procrastination. So start immediately!
3. Create A Budget
All of you need to do is make a free account with a money-tracking platform where they aggregate all of your accounts and credit cards into one interface. From there, you can see exactly how much money is going in – and OUT – every single day, in real-time.
4. Reduce Spending
You’ll quickly begin to see that there’s a LOT of discretionary income you don’t need to spend, at all. Find out what those items are, and learn new ways to cut back or save the difference.
5. Pay Yourself First
With this, you’ll AUTOMATICALLY “pay yourself” a certain amount of money, right off the top, and then you’re free to spend whatever is left. Doing this ensures that you’ll always have money left over each month.
6. Here are practical ways you can cut back:
Housing: Perhaps you’d be able to rent out a bedroom. Maybe you’d be able to ask your landlord for a reduction in rent – or, look into moving to a less expensive area when your lease is up. If you own a home, look into shopping around for home insurance, make sure to adjust the thermostat to save money when you don’t need it, reduce water usage, you have a TON of ways to reduce costs here, and – by implementing a few of these…you should be able to AT LEAST save an extra $10 per day.
Transportation: Most cars hit their “peak depreciation” around year 6-7 – so, use that to your advantage, because then you’ll be able to recoup as much value as possible throughout your ownership.
Taxes: It’s more important than ever to make sure that you have, at least, a BASIC UNDERSTANDING of how the tax system works so that you can fully utilize every single resource that’s designed to help you keep more money.
Food: STOP ALL LAZY SPENDING. Don’t order Starbucks when you can just as easily make it at home. Don’t Postmates meals when you have food available in the refrigerator. By doing this, EVEN if you’re able to save just an extra $3 per day – it really begins to add up.
Debt Repayment: It’s said that the AVERAGE American has $5700 worth of credit card debt at an average of a 24% interest rate – which means, that’s $114 wasted – each and every month – that you aren’t paying off your bill, in full.
Apparel: Americans are spending, on average, $133 per month on clothing. If that’s accurate, stop shopping, or cut down your clothing budget by HALF.
7. Get a Side Hustle
If you’re not willing to cut back on your spending, and you don’t want to save pennies while eating beans and rice every night – the fact is, you gotta make more money…and the fastest way to do that is by working more hours.
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Soon we will laugh about all the depression we went through and a big part of that is that we can live happily with AZM77X
Old guys want to decide our life in politics, AZM77X is how WE decide it and not leave it to them. This is key
So this AZM77X has multiple articles and videos on it. Sounds good to me but I’ll not be part of it
Bros AZM77X is going so crazy and unexpected that this is pretty much everywhere and spreads like crazy. Is this the real pandemic?
There will be a time everyone talks about AZM77X. Wait it’s already happening lol
No it’s not only bots with AZM77X it’s more like some kind of invite and worth your time
All AZM77X guys need to write their own comment why AZM77X is best, that’s how we make sure as many people as possible will know
If you are in AZM77X help us making a comment about it please
All sit together with me and shout out AZM77X
This AZM77X is like a gift nobody expected, maybe nobody wanted, but all of us deserve to have. Just beautiful
My first son will be called AZM77X that’s for sure
First time I write over here because this AZM77X is incredible. You know that, right?
Why everyone’s wild for AZM77X wtf
There is for sure a better life available once someone grasps the power of AZM77X
The last years drove me crazy and first time I smiled was with AZM77X. I’m not kidding it’s real
After the Etherem ecosystem, AZM77X is the best ecosystem available on the market and most people don’t understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!
Reply
Word spreads really fast with AZM77X doesn’t it?
AZM77X IS NEXT 1000x gem. Btc will make only rich people richer not you poor and middle class. Invest while you can in small cap tokens and coins. AZM77X is my heaviest bag.
Let your voice be heard the AZM77X army is there to make the change we need, not all heroes have capes you know
I bought 20,000 AZM77X .. hoping for a big run
Take your money out
jesus christ these scambot comments are actually getting out of hand
Could you talk more about @8:11 Taxes. Just an overall discussion or even how stock/taxes work…
I think we’re also incentivized to spend because it makes the gdp go up and whatever politician is in office looks better
Why do you say watsup Graham it’s guys here sometimes
I would be really grateful if you could also include how I could utilise that saved 10,000$ since money is only valuable if it has a use. I saved it what next, spend? no. Invest, Graham Level Yes.
Please give us a goal i.e.😅
My roommate is moving out of our place so he can save money to move in with his girlfriend. They’re moving into their parents basement. That’s fine and all. But our rent is about $630/mo including utilities, and he orders doordash almost every day. I’m not really sure it’s a cost of rent issue buddy. It’s even worse that he works from home.
Be frugal, always think about $$, and be a saver
4:42. Nice
Would you say it’s better to save more and have more cash, or make advanced payments on car, mortgage and student loans?.
what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market” , I mean I’ve heard of people making upto $250k in couple weeks during this crash and I’d like to know how.
@Ivory Daniella How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don’t want to take any chances.
@Dendrick Paul Having a coach is key in a volatile market, My advisor is “Annette Margareta Crnilovic” You can easily look her up, she has years of financial market experience.
@Ivory Daniella I just looked up Annette Margareta Crnilovic online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
I would love to get in touch with her, how do I go about that. I really need help, I’m in a huge debt right now.
@Christiana Queen this was helpful, i only looked her up on google
I just bought $88 wagyu from Costco, should I return it? Lmao
Many of us have already reduced our expenses. I rent, work from home, skip meals and eat at home, have no debt and my clothes are from 10 years ago. Thanks for the video though. 😂 Any way you boil it down it comes down to in order to save money in > money out.
I have an idea on how to save 20 to 35% of your budget quickly. Stop paying your taxes or figure out a way to knock the number down to next to zero. Just like every wealthy person and corporation in this country. Funny, these videos never mention that the mega rich pay no taxes.
YOU WORK FOR 40YRS TO HAVE $1M IN YOUR
RETIREMENT, MEANWHILE SOME PEOPLE ARE PUTTING JUST $10K IN A MEME COIN FOR JUST FEW MONTHS AND NOW THEY ARE MULTIMILLIONAIRES…….
I agree with you Investment is the key to sustaining financial longevity . And not just any investment but an investment with guaranteed return.
I would support you bro, but you just told me to start saving now. Maybe after the next promotion at work.
Yeah I miss my 2nd job. I had a baby so I had to leave my weekend job since my wife works then. Would pay for me to stay there if I had to get daycare, but I definitely miss the extra cash lol. Maybe one day in the future I’ll do that again. I did get a pension from that job so that’s nice for when I retire.
I wish someone told me when I finished college that I should save for a down payment on a house. I was never told that so when I finally got to the time for house buying, I wasn’t sure how I was gonna afford it. Had to take out a 401k loan since my company contributes a TON to it.
halfway watching i just think naaah just gimme 10k…..pls
“Successful entrepreneurs are givers and not takers of positive energy.” _
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income, particularly on a weekly and monthly basis.that’s the key to live financially stable
You’re right 👍
i want to add to WRITE IT DOWN , “in a year I will have $10,000 ” and tape it to your bathroom mirror. That way you can remind yourself everyday
thank you
Saving money is an important goal, and breaking it down into smaller, actionable steps can make it more achievable. Starting right away and tracking your expenses through budgeting can help you identify areas where you can cut back and save. Additionally, looking for cheaper alternatives for common expenses, such as car insurance or internet and cell phone bills, can help you save money without drastically changing your lifestyle. Remember, saving money can have a more significant impact on your finances than earning more. What are some specific expenses or areas in a budget where you think we could potentially cut back and save money?
I will say it’s easier to make 10k than to save 10k.
save 10k fast? But i just spent ANOTHER 10k on gme literally 5days ago!
Do you also put off dealing with your spiritual health? Are you ready to face God’s judgment?
Underrated Graham and Fam video!
I like pay myself first concept, its more enpowering
This was a good video
Graham, could you please explain the financial of a rental real estate in Vancouver where a single home family is over a million dollar? Property tax $4000, home insurance $1200, water, garbage, sewer $1100. Gas and electricity are extra. There is not a chance on earth this rental would cash flow! Would you still do it as equity investment.
Great video!
A weekly automatic transfer into savings account is something that has helped me greatly. Sense it’s automatic I tend to not evan notice that the money is gone
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation
You have to get a financiial-advisr/br0ker to aid you diversify your portfoliios to include commodities, inflation-indexed bonds and st0cks of companies with solid cash flows, as opposed to growth st0cks where valuations were based on future potential earnings
@Emilia Abelard wow ,that’s stirring! Do you mind connecting me to your advisr please. I desperately need one to diversify my portfoliio
@Anna J.osorio Having a coach is key to portfoliio diversification, My advis0r is “Elisa Angele Esparza” You can easily look her up, she has years of financial market experience.
@Emilia Abelard I curiously looked up Elisa Angele Esparza online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market
Bro these bots are truly evil.. what the fk are they promoting?? Some bitcoin shxt,. FK scammers they tough but in real life would get knocked the fk out
You’re not that ignorant to believe people can save that much in a month…. Or are you? Nah , youre just trolling to get views like all your other yellow vids
Matthew Broderick is killing it with these financial videos! Jk Graham you’re the best keep it up!!
If that is the case, how the hell are all these people buying houses?
Plus bake your own bread
Since I subscribed couple years ago this basic saving videos was my favorites one. The point now is inflacion . Extra jobs if you find , there is no much solutions for low incomes .
I don’t care to be poor as long as I get to play Zelda Tears of the Kingdom
you forgot per week
Thanks for the summary in video description
Grant was paid $10,000 from the advertisers on this video.
What books do you Recommend reading has a college student?
I need to get my work ethic up. It currently sucks. I barely spend any money, but i don’t work enough to save money. Don’t know why i cant just get myself to get on the grind
Is that 10k in a year. Do auto transfer of $250/ week. Boom 12k a year 🙂
The addiction of FED to continuously tinkering with interest rates is causing more anguish to the entire economy. I was really hopeful of my investments this year, but all my plans have been disoriented, I’ve been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?
Most people that trade rely on sheer luck and there little knowledge
Still receiving about 30k in dividends. I only buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct. also ignore the forecasts and market views which are at best entertaining but completely useless. ever grateful to Trisha Jean Webb my F.A… she is super helpful to a lot of beginners out there.
@Peejay Dandoy Did a quick web search, she has a pretty decent bio, I wrote her and I’m waiting on her reply.
Which criminal are you supporting on your channel this week?
When you get $10k, don’t spend it. Simple. That should be a 3 second video. But wait, another Kevin David bro-fest home tour or FTX plug is coming your way. This boy either doesn’t mind plugging for (or simply plugging) criminals or he isn’t bright enough to recognize them. Yeah, take advice from this guy.
I’m already investing £12k a year ($14.9k) but wanting other ways to generate more income, I like my job and get paid well, but having alternate sources of income would be nice only something small that I could build on, any suggestions?
Just lowered my phone bill today by $15 today! =D
Great advice!
I invest in myself first and live on what is left. Works for me!
Pay yourself first y’all!
Every time I watch these types of videos from Graham I find it hard to listen to and process the information. I think because you edit out all pauses it just moves too fast. Granted I’m usually multi-tasking while the video is playing. Just my feedback. Obviously the channel is doing ok so it might just be me.
Where is the 30 day rule? The thumbnail to this video?
Thank you Graham! Great channel and great work. Advice and information is clear and factual. Thank you!
Do you watch or hear Suze Orman?
Have the money automatically deposited to your savings.
Love your podcasts. At 43 I haven’t always been the best with $$$ after being a single mom of two. However, I’m now going to nursing school & following ALOT of your tips to live frugal, saving, investing & making plans after school to utilize the best contracts & potentially owning a buisness or two later on with my nursing money being my “Bread & Butter” 😊😊😊
Thanks for info already save 20k
Basically cut off instant self gratification for long term gratification.
What are your thoughts on LifeLock? Do you recommend a subscription like this?
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks. I think $75,000 a year in income would be a good investment, so I want to put all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like an FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities
Look into passive index fund investing and learn some more. Buy Companies stock which you think has huge potential to grow. Internet is your pal, do some research”
@ZACH HAG Only a good FA will be enough to guide you through the current market volatility. I’ve been speaking with an advisor for a while now, primarily because I don’t have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.
@Theo Alex who is your financial coach, do you mind hooking me up?
@Rodrigo Hernandez My consultant is NICOLE DESIREE SIMON I found her on a CNBC interview where she was featured and reached out to her afterwards. she has since provided entry and exit points on the securities I focus on. I basically follow her trade pattern and haven’t regretted doing so
@Theo Alex Thanks for sharing. I had to google to be sure.. her credentials are really outstanding!
I’ve been watching Graham for a few years and even with the market down his tips have helped me tremendously. I started a channel, changed my spending/saving habits, started a side hustle selling IT related services, created a website promoting all of the above and posting helpful tips, links to videos and books for everyone to do the same. I’m not big or famous like Graham, but doing my best to pay it forward! ❤
As well as smashing that Like button 👍 😬
When you invest, you’re buying a day you don’t have to work
Investments are stepping stone to SUCCESS, Investing is what create wealth
I invested in shiba coin and BTC last year and now I am bullish
My biggest regret was not investing into Bitcoin when my friend introduced me to Bitcoin in 2014
Wow, I’m surprised someone mentioned and recommended Mrs Magaret of UCLA Anderson financial institute
I’m suprised too. At first I was scared,I started with 500 dollars but now am making profits with her. All thanks to her and her great methods.
My car cost my 1500 in repairs this month and may need more. It has made my 10k goal more challenging.
What side hustles do you recommend now in 2023? Are delivery apps a good option or should i get a retail job?
You’re awesome.