These are my top 10 BEST Frugal Life Hacks to Save as much money as possible – so that way, you have more money left over to invest – Enjoy! Add me on Instagram: GPStephan
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FIRST: TRAVELING FOR FREE USING CREDIT CARD CHURNING POINTS
Credit cards will offer “points” or “sign up bonuses” when you meet a minimum requirement. Those points can be used towards free travel, free hotels, or sometimes PROFIT back in your bank account…therefore, if you know how to do this PROPERLY, you might NEVER have to pay for another vacation, hotel, or plane ticket – EVER AGAIN. Resources: NerdWallet – ThePointsGuy – AskSebby – TheCreditShifu
SECOND: REVERSE IMAGE SEARCH EVERYTHING YOU BUY ONLINE
Most online retailers get their products from the exactly same source, but some charge WAY more money than others just because they have a big name or a fancy website behind them. When you find something you want to click, just right click and “search google for this image.” All of a sudden, every website containing that same image will pop up – and that will allow you to click through and find the same item listed for cheaper somewhere else.
THIRD: DON’T BUY SOMETHING JUST BECAUSE IT’S ON SALE.
You’re not saving money just because it’s discounted – at the end of the day, you’re still spending. Most people wind up focusing MORE on how much they saved rather than how much they spent…when, in reality, focusing on how much you SPEND is what matters the most.
FOURTH: POSTPONE ALL PURCHASES BY 72 HOURS
This one is really just about cutting down on impulse purchases that you make without really thinking about it. If there’s something you want, just wait 72 hours to buy it. After that, if you still want it, AND you’ve found the cheapest place you can get it…then go for it.
FIFTH: ONLY DRINK WATER
Not only is this cheaper for you – but it’s also HEALTHIER for you. There have been SO MANY STUDIES conducted on the health risks of drinking sugary drinks and sodas and how they effect you. Just regular filtered tap water is good enough!
SIXTH: ALWAYS MAKE YOUR OWN COFFEE: https://youtu.be/tvL4FF2lMnw
The average American spends $1100 PER YEAR on coffee..and more than 45% of 18-23 year olds have spent MORE MONEY ON COFFEE than they have on their retirement, and 35% of 24-35 year olds have done the same. I always make coffee at home!
SEVENTH: I ALWAYS BUY GENERIC BRAND ITEMS.
A LOT of big brands source their product from the EXACT same places that supply the more expensive, name brand items. For example, Kirlkand Signature Coffee is roasted at the Starbucks Coffee Company. Kirland batteries are actually made by Duracell.
EIGTH: NEGOTIATE CAR INSURANCE RATES
I’ve personally saved over $100 per month by shopping around car insurance rates, moving from AAA…to Gieco…to Mercury…and now, I’m with Tesla Auto Insurance.
NINTH: EAT DURING HAPPY HOUR
The earlier or later it is, the less busy restaurants are…and, most of them try to fill this empty space by offering a “happy hour” with discounted food. Now, this is a fantastic option for you to capitalize on this and save the money just by finding places with good happy hour menus, and showing up to eat a bit earlier.
TENTH: THINK: WHAT’S THE FUTURE VALUE?
For example, instead of spending $100 on a pair of shoes TODAY…that could be worth $1478 in 35 years if it’s invested at an 8% return. Or, spending $300 per month leasing a car every year could ACTUALLY be worth $723,000 in future money if you just invested it during that same timeframe. When you begin putting things in THAT perspective, you begin to realize that every dollar you spend TODAY is really worth $14 in the future.
HONORABLE MENTIONS: Watch the video 😉
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.
Excellent information! Thank you!👍
We work on the honor system here. Nobody will know if you don’t destroy the like button
It helps holding off to buying products that you don’t need it urgently.
You just gotta have a list or remember them and in a few weeks, you’ll likely find the best deal.
Unless, you can hold off until black friday or post-Christmas sales or other yearly sales. With those, you can even get better discounts.
Go through the dumpsters and get free food. 👍🏼👍🏼
Lol Graham Stephen is a manlet.
The waiting to buy rule i try to use 2 weeks as my wait period
There’s a fine line between enjoying life today and saving everyday for retirement invest in the future. $1 today might be $1000 35 years in the future, or $0 if you die tomorrow. Save some, enjoy some, cause tomorrow ain’t guaranteed.
I’m glad i actually know where that thumbnail first came from lol
I don’t think credit cards are a good thing for the average person. When hard times hit, you won’t think twice about using that credit card to make ends meet and put food on the table.
If you have multiple streams of income, have great job security and you can save a huge chunk of your money, then maybe you should get a credit card.
I did this when I lost my job and my GF cheated on me. I was not in a good place and racked up over 10k in debt. Thankfully I’m a software engineer, so I could pay it off relatively quickly, but it still was a drain on my finacnes.
You save a lot if you don’t exist. Existing costs so much.
Hey Gram i am a big fan of the channel but dont live in the USA how do i get make that investment
anyone else getting an ad every 3 minutes??
I flip items bought through online marketplaces for used goods from time to time to make extra cash.
What do those $15 actually buy in the future? 5 x $3 iced coffee. ☕💪
When you go to a restaurant with your friends, order an appetizer and still get stuck chipping in on all their food. So instead of paying $15, you end up posting $40. All for an app😩😭
8:31 instead of drinking coffee try working out, that always gets me going
Hi
I love this stuff, but what is the point of saving money for when you’re retired if you don’t live while you can?
Do you trade on your own??
I’ve been considering buying a tv because I don’t have one so like you said I wait a few days and it pops in my head and look again and don’t end up buying one so I wait another few more days until it pops into my head. Almost a year and I still haven’t bought a tv lol.
The reverse image search one is way too good. Thanks so much Graham!
I must be a good waiter, because I have multiple tabs of items I’ve had in my cart for days. If I really need the item I’ll go back a week or 2 later and recheck the price then do one more price comparison on google on other websites 👌 before I follow through with the purchase.
3:58 @ everybody’s mom
I discovered that Costco has the best auto and home insurance, saved me hundreds of dollars with way better coverage then the big companies, highly recommend
When are you going to do the best retirement plan? I want to do an IRA but I don’t understand a lot of the back work stuff involved.
1. Credit Card Free Travel
2. Reverse Image Search
3. Don’t Buy Something Just Because it’s on Sale
4. Wait 72 Hours Before Buying Anything
5. Only Drink Water
6. Always Make Coffee at Home
7. Always Buy Generic Brands
8. Negotiate Insurance
9. Go to Restaurants During Happy Hour
10. Ask “What is the Future Value?”
11. Use Electricity During “Off-Peak” Hours
12. House Hack
I like before I even watch cuz I know I will like the content as I always do!
what is that calculator you use to figure out the amount of money being invested over a period of time?
10 quick life hacks to save money and also a health tip – drink water everyone, its practically free
If you can’t drink plain tap water like my wife and I. The Myo or “market pantry” from Target additives make drinking plain water much more enjoyable
Would love to see you react to “Stop Saving Money Start Doing This” by TommyBryson or any of his content!
Wen lambo🤔
Where do we invest for an 8% return? I have money just sitting in a savings account that I would rather invest if I can
Nice DW kit btw
I usually need more than 72 hours before I buy something. I tend to have a pretty clear idea of what it is supposed to cost and it almost always takes longer to find it at that price.
Sorry Graham, but I really cannot let all the adverts run and watch them to the end. Where I am at 9 out of 10 of them are for suspicious get rich quickly schemes.
That’s why asian people are skinny, they drink water when they eat out.
The insurance companies are ripping us off. We’re paying back those credits they gave during Covid. They’re making us pay for the riots and wildfires. ☹️
Hi Graham,
Love your channel and find your videos unbelievable informative and helpful. However, on this one I think some of the recommendations you are mentioning are not really realistic for a normal person. I agree that drinking only water in a restaurant/bar will safe you tons of money and will benefit our health, but for many people it’s simply quality of life to go on a nice dinner (not only eating a starter 😊) ,having a glass/bottle of wine or a beer and just enjoy. Some would say its part of a normal social life to go out and just spend some money on food and beverages (not necessarily drinking alcoholic beverages) so I doubt that its recommendable to achieve financial freedom by cutting down your social life…Also, where would the economy heading if everyone would do this 😊?
Many thanks for the great content!
Cheers,
Alex
When I was 19/20, a lot of my friends always wanted to go out to eat and I never had the money for it. So I would show up late, finish my best friends meal (at that time she would be done with it and we didn’t take food home then) and I would spend maybe $2-3 on a small desert and eat that with my friends. Still got to eat and enjoy desert for less than $5😅 I need to go back to that “broke girl” mindset
Did Graham spend some money and buy a new shirt? 😱
I’m conditioned to smash the like button
Great. Now I want a Nic Cage pillow..
Coffee never tasted so good as when you bought it with the change you found in the sofa.
Is there the same type of guy and channel but for Canada? I love such vids
Is this dude Jewish?
An addition to #4 is if you put the item in your cart (if shopping online) and then don’t do anything with it for a few days or weeks, often the company will email you like “You left something in your cart! Here’s 20% off, go get it!” or something. Or if they are having a sale on that item and it’s in your cart, they might notify you of the sale when otherwise you wouldn’t know without going on the site.
#36 live in a cheaper state/region/country
“Without having to have my own TLC show” lol booooi I felt that, hint hint to that cheapskate Kevin guy from “Marrying Millions”. Graham is such a better person and way more savvy, you’re not cheap, you’re a genius!! ❤️
I really think big companies must hate you and your tips 😂 Thanks 😁
lmao the only reason i wait 72 hours is bc im broke not bc im tryna be fiscally responsible
Learn to do your own vehicle repairs & basic maintenance! Can save tons!
what do you MEAN i don’t need a nicolas cage pillowcase?!?
@Trading 212 HUH
Buy things you use frequently in bulk
Eat leftovers
I only buy clothes from secondhand stores like Goodwill or else in the clearance section of the store. Especially scrubs I wear for work.
Yeah what’s the point of having money to never enjoy it?
I agree with you man!
Like you said: Buying what you actually need (food, toiletries, products for work etc) that happen to be on sale is actually saving money, not the 72” tv that happens to be on sale to replace your existing 65” tv that’s still good.
*Thanks for the review*
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I one upped you with the coffee. I didn’t even buy a coffee Machine I make cold brew :). Appreciate the videos. I’m 31 and until a couple years ago I never thought about retirement or savings and litteraly had nothing invested or in any savings. But after watching you and a couple other people it really put me in the mind set of what I really want. I now have a nice emergency fund. A house which I never thought I would ever be able to do. And a nice amount in investments. I went from a truly aweful credit score of about 400 to just over 740. The only debt that I have is a mortgage payment which I got at a 3.8% interest rate on a 30 year mortgage. Its not unrealistic to say that if you and others like you didn’t make videos like this I wouldn’t be where I am today. And for that I am eternally thankfull.
Hi Graham, on Credit Card churning, do you keep the recently approved credit card after consuming the bonus points/cash? Because, if you cancel each card after spending those bonus offers, I believe it will be on closed accounts on the credit report.
Don’t own a car. Ride a bike.
8. You have a car??? I traded in mine for rice and beans and invested the difference! Noobs!
this summer I was in the middle of a home remodel which required me to update my furnace. the furnace cost $4000 which just so happened to be the required purchase to get the sign on bonus for the Chase Sapphire Preferred. unknown to me though, the contractors didn’t mention during the bid that they only allowed 1500 of that to be put on a credit card so I didn’t get the value I wanted but it helped get me enough to meet 4k in 3 months. glad I found Credit Shifu around the time I started on my remodel. I was always raised to think credit cards were the worst idea ever, I never knew you didn’t have to pay interest as long as you paid off on time.
1. Travel for free using credit card points 1:18
2. Reverse image search everything you buy online 2:57
3. Don’t buy something just because it’s on sale 4:00
4. Postpone anything you’re about to buy for 72 hours 5:32
5. Only drink water 7:09
6. Make coffee at home 8:07
7. Always buy generic brand 9:07
8. Negotiate car insurance rates 9:56
9. Go to restaurants during happy hour or only get appetizers when eating out 11:00
10. Ask yourself what is the future value before you buy something 12:04
I sometimes don’t buy toilet paper to save money. I just bend over in the shower. But my water bill goes up a few dollars here and there because of it. Weighing my options, you know.
Always drink water –> Make your own coffee
I totally agree!!!!!! except that bounty paper towels and angel soft toilet paper will never be comparable to anything that Walmart produces 🤣🤣🤣
Totally needed to see this ❤️
I have an extra tip, rob banks!
Dave Ramsey says it best credit cards are like cigarettes just because it doesn’t kill everyone doesn’t mean he still recommends it. If you really have no self-control stay away from credit cards. If you’re very detailed, budget, track your expenses then credit cards are your friend.
Waiting to buying something for 72 hours is a good one. Will start using this immediately bc I am a sucker for impulse purchases. Solid list!
You’re a psychopath but we love you.
7:52 My dad hates me for thinking credit cards could actually be useful- but even more so that I think Dasani tastes terrible. Guess what dad? This millionaire agrees with me here.
Are you okay there, fake Graham Stephan account?
I already do all of the above plus more, except the coffee part (I spend about $500 a year on coffee so it’s OK I think) … Keep making these videos please they’re super helpful!
I’m so cheap, I still use the $10 coffee maker I bought 10 years ago.
You’re disgusting. Dasani is awesome
I never knew I needed a custom Nicolas Cage pillowcase cover until I watched this video.
Graham is on Starbucks Most Wanted List !
11. Live in Bulgaria. Work somewhere else.
Just use honey
Grant, I am a 26 year old investor and your ability to articulate the trade-offs of some of these things is next to none – while admittedly it’s nothing *groundbreaking* (not trying to sound condescending) it is succinct, logical, and actionable. You even poke some holes in your own advice which anyone should appreciate greatly! Time to smash the like and sub….
*Thanks for the review*
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don’t go to collage! get minimum wage and start investing asap then work up the ladder and/or start your own business retire early
Dont Get Bad Debt
beans, rice and water
The wait 72h is really efficient. But add the article in your online basket. A lot of websites, including Zalando, will send you a discount to get you back.
Thanks!
@7:41 I thought the mouse cursor was a smudge on my phone.. Picked at it with my finger 😆
I do shoe hacking. I buy really underpriced used expansive shoes (expansive shoes hold long if you know what to look at) on the bottom of their price deprivation curve. I take care of them (a bit of conditioning and a polish) I wear them and when I get bored of them I usually sell them with profit. I recently turned it into a side hustle when I look for good deals on shoes, renovate them and flip them with usually over 200% profit.
Algorithm helped!! Thanks Gram!!
I saved a bunch a money on car insurance by switching into reverse and leaving the scene
*Thanks for the review*
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I never buy a book I always download it for free and read it 😏
This is the best news ever, I just got lots of money from klaxonstools
Drink water. PURE water. Avoid tap water like the plague, as its proven in many places to be an extreme detriment to your health. “but I drank from the hose as a kid and I’m fine” – people who wear stupidity as a badge of honor