The Absolute Best Ways To Save Money
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- Опубликовано: 9 апр 2013
- In order to become financially independent, you must learn to pay yourself first. Watch my video and learn ways to save money and how to become rich throughout your lifetime. bit.ly/2fMvKJg
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This is exactly what I did and it's been working for the last 3yrs. I have a 401k, I save all coins in a coin jar, cut out an expensive cell bill, stop buying/playing videogames, take a lunch to work at least 4 days a week instead of buying one and most importantly I "pay myself first" before paying any bills. The second part I did was increase my earning ability by changing careers. If you make more, you can save more as well. Don't lose focus...it will work!
+Roger Thatt All great tactics, Roger!
401k's are obsolete and are poor investments. They are poor investments because they end up costing you more than they will ever make you. Your profits are greatly impacted from the mutual funds fees, (up to 8% disclosed, up to 24% or more hidden) and when you finally want to retire you must pay not only your own taxes but the mutual funds taxes as well, and your employers taxes.
Search: "Frontline The Retirement Gamble" for more info on that.
The solution lies in investing in ETFs, which Advisors don't talk about much because they know they'll make more in commissions having your money invested in independent Stocks, instead of large baskets of them like ETFs/Index Funds.
In ETFs you won't have to worry about actively managing your money because you know what they do. Compound and rise gradually. The VTI stock for example is one ETF that basically contains roughly the entire U.S. Economy.
It's YOUR money.
The less that is being taken from you, the more you get to keep for yourself.
Good job dude.
+Bryan James am going to check them out
How old are you if you don't mind me asking?
I used to get my pay check and put a small amount of money in my savings and then every time I ran out of money in my checkings I would take some money from my savings. Telling myself I would just double the amount on my next pay check. The key to saving is not only "paying yourself first" but to keep that money there. Don't touch it!! I started off with only putting $50 every paycheck and now I am putting over 50% of my monthly income into savings. I love this so much. I would have never been inspired to do so with out this. Thank you!
+Leticia Rodriguez That is great, Leticia!
That's crazy I thought I was the only one lmaoo
Leticia Rodriguez Wow so beautiful 😘😍
Leticia Rodriguez
Saving is great and all but the bank pays you a very small amount per year in interest for you having your money in a savings account. Look into investing it in an index fund and just keep adding to your position so you compound your account. Make your money work for you
I learned the hard way that LUXURY is not your friend. For when times get tough LUXURY will leave you in despair. You may think of course NECESSITY must be your true friend, but nooo, NECESSITY is like Family, it is always nearby but doesn't always help to get you out of a rutt. Who then is your true friend? Your true friend is FRUGALITY, for even during the toughest times it will be there to help you.
What does frugality mean?
frugality -
the quality of being economical with money or food; thriftiness.
Sam C thank you.
Excellent! You tell em!
How true it is
Anyone watching this video should just listen to how it applies to your own life and please don't criticize. This is very sound advice, paying yourself first and only spending that amount on self habits or things you like will give you the discipline needed to live today or at anytime. I started living this way years ago and there is never a moment I stress about money, listen to him carefully and use this advice.
Nobody can criticize
I can save for 3 months and spend it all and sometimes when I try to save thts when problems come
I can only afford to save about $100 a week from my Checks, aye, it's better then Nothing!
In a year just to know ill have $4800 to play with is great! But if i don't touch it, then in 2 years whopping $9,600! But in 3 years! $14,400! All because i saved $100 a week Adds up real Fast! Lets go baby!
Just don't spend it on a car when you finally get all that money.
You don't make any interest on your money????
no doubt that you are still the best in the world sir
It is true
Unless someone understands the magic of "compound interest" saving a small amount of money may seem like a waste of time. But when your money begins to earn money you are making money twice as fast; there is the money you add to your account every month and the interest you earn from monies already in the account. The book "the richest man in Babylon" is a classic and if you have not read it you should. Brian you hit the nail on the head as always. Thanks much
So much this, I took a personal finance and investment class in high school and the teacher spent soooo much time on compound interest that it's forever ingrained in my brain and I'm thankful for that.
For those wondering a simple way of looking at compound interest is you earn interest on the total amount including any interest you may have earned previously.
If you have 100$ at a 8% rate you get 108 in the account next time around its 8% of 108 added, (rounding) 116, then the next time 125, you earned 25$ of that 100 doing. NOTHING. And that's just a small summary of it some are more complicated but talk to your local bank and find out your options starting small and adding to it and leaving it you will gain over time.
+Jeff Davis This is bull shit! I stared investing when I was 19 years and there is no rhyme or reason for it. The only area where I think there is a great opportunity to understand investing is real estate. Stocks sucks and they are entirely unpredictable. Invest in something you can control or influence. Oh, and compounding interest sucks! It doesn't keep up with interest.
Real estate is risky as well, most shining example would be 2007/2008 recession.
Great video, I have been saving since I was 13, I am now nearly 19 and I have never taken any money out of my saving... only added to it and it is growing amazingly!
How much have you saved up by now?
@@gamaryan 6.00 dollars
Can I borrow some money
@@percyastronautstatus.8780 Congrats, soon that 6.00 will turn into a 600
Unless you keep buying random shit u don't need
Thank you for your great videos and advice!
I love how Tracy is explaining just like my late dad
I will start . Thank u ❤
Thank you for sharing this. The advices seem so simple but so difficult to do sometimes.
Thank you for the great advices.
**Thank you, I'm starting to write things down now. I do Daily Affirmations & I also Meditate now. Just stared these things and I really feel it and people are seeing it too. Thank you for this video**
Good video with excellent advice, without trying to sell you anything. Thumbs up!
Thank You Brian for sharing.
Thank you Mr Tracy for your hard work in putting these video together. It's been very helpful. X
Brian you have really made a huge impact in my life. Thank you so much!
I'm hearing you and I will start this week because I get paid every monday. thank you so much for this video
I can't find like his self esteem and self confidence ever ...... it's entirely the most motivational instructor I've ever seen.... thank you sir Brian
Thank you so much for sharing! I need to get that concept in my head: PAY YOURSELF FIRST!
Thanks Mr. Tracy. Awesome tips!
Thank you so much for this!
Great tips thank you Brian!!
this is great. I especially love the idea of setting up a mutual fund account and let interest do the work, and by the time I retire, I'm rich! Will definitely learn more about this.
Thanks Brian Tracy!
Thank you for the wisdom. I really like the idea of learning to pay yourself first.
Thank you Brian for your video. Your books was my first steps for my freedom. Thank you for your help.
Thank you so much! This is a big help.
This made me start saving, I'm working on it.
Woow thank you very much.
That was really helpful
I will study and save money, Thanks Brian.
this is very helpful , I will start using these advices and hopefully start saving more money !
Your teachings are profound
Your money saving presentation is worthy of being on our readers financial library.
thank you for the wonderful insights you are sharing...God bless...
Thank you so much for this video, this is amazing and I will indeed follow these steps right away.
A very good tip for saving money is try not to spend so much money on fast food or and restaurant in general because if you think about it you're spending $5 for a meal that's only going to make you satisfied until you're hungry again. Not to mention money spent on fast food adds up.. Quick. Like seriously quick.
maddenmaster365 fuck yeah i wasted so much money eating out all the time. that 10 bucks you spend on one meal from a fast food joint can get you 2-3 meals if you learn how to cook lol
Rusty Ray Plus, you can eat REAL food!
+maddenmaster365 If you spent like 5 to 10 dollars a day eating out a lunch at work, that would add up very quick. It would be between 150 and 300 dollars a month on fast food. If you only make 2000 a month, it could end up being like 15% of your income. That 15% there is what you should be saving.
You are amazing my brother, you are speaking the truth!!
I will add you to my other greats: Napoleon Hill, Earl Nightingale, Bob Proctor, Les Brown, Dave Ramsey and many others.
Great Job my good brother.
Loved it
Ed .
And tai Lopez
Love you brian tracy. Thanks for all your guidance
Great insight I must start doing this ...GO
This guide was very helpful and now I feel equipped with the tips and tricks to start saving.
thank u for the advice start with 10% until 20% saving,,from now on I will follow ur advice.
Brilliant, easy-to-follow information. I had wondered how to save, even as I am not prosperous, and this video makes it so simple. I'll just start at 1% savings, and work my way up!!
I learn now, thanks Tracy
Great advice. Everyone must start saving as soon as possible. The best savings can start by cutting down on expenditure.
thanks for the Video.
I love this. Thanks for making this video! Subscribed!
Great video Brain. I'm 20 years old, have 8K in debt from welding school. My current plan is buy a rig truck and a welding rig. I already have a job welding that pays 22.00$ a hour. My plan is to pay the debt, buy the rig truck because one is available and cheap from someone I know buy the rig. Work my regular full time job, and do some welding on the side and save every penny that I make from working on the side "After I cover the cost of doing the work". With the U.S. in the kind of "Shaky" place it's been it's never a bad thing to have some money stashed up in case of losing my job, or whatever other expenses on top of having a good retirement. I'm going to watch some more of your video's and see where else I can cut cost. Thankfully I have a great girlfriend who loves being cheap as much as me. We have a competition every month to see how low we can get our electric bill. Sounds boring to most people, but I think we are thinking a lot better in terms of other 20 year olds. If I ever do decide to go back to college "I have a two year degree from welding" I'll be sure I pay for it in cash. I cringe when I hear people telling me they have 50k in student loans. Not a good market to be in debt right now.
Excellent video. Thank you so much Mr. Brian Tracy :)
❤️ thank you !!!
Started applying the Latte Factor and it is making a difference.
Overall, this is very sound advice. Saving can be difficult but changing your mindset to "I'm paying myself" can help. It is a great idea to start with a small percentage and increase it as you adjust your mindset.
thank you...😊😊
Brian, the videos you have posted have made some more transformations in my life. Some of them affirmed my thinking, some have changed, some were altered. I am already seeing more results, awesome stuff! Thanks!
Very good keep going on.I love to read this. How far you have progressed since a month ago? I'm anxious to hear about your accomplishments up to now. What about your picture?
great vid!!!
The self payment is very beneficial. I like how he say pay yourself first.
I agree! It is crucial in your young working life to be disciplined toward saving in order to become financially free.
Thank you for your clear presentation about the subject of "wealth Building".Love these internet of things. Hereby I express our intent to establish a mutual beneficial working relationship with your company.
We subscriber, thank you for the details.
Great Brian, see youuuu!
this guy is right thoe saving is the best way to get rich,
Thank you darth sidious
+Top Dog Guys i quit my job and I am making my living from home by working as a social media manger at *4NetJobs .Com* I recommend this website to all you guys I am making more then $25 an hour I highly recommend this website to all you guys ..................
Haha!
Great advice ️thanks I have already started to save
Thanks a lot for sharing this useful video
Thank for sharing
This guidance is of value because he is showing that anyone can save enough money to be financially independent. If you break your norm of impulsive buying and implement frugality you can live comfortable.
Thank you 😊
Thank you sir ❤
Thanks Brian, honestly i have been making efforts to achieve this but it hasnt been so easy because of other financial commitments. However after your message i have taken decision to be disciplined towards this. Thanks.
It's very hard to keep money it's the tafest thing to do
hello there I was watching your video and I thought of it as a great idea I live and work in the UK and really loved the idea of the 10% saving per pay check
Thanks
I was a little confused by this but I think sorta get the gist of it, thanks for the vid!
2020 and now I am financially free💪🏼💪🏼💪🏼
@Brian Tracy jajajaj no thanks SCAMMER.
you are the man!!!!
Very helpful. Very professional
I can see how his advice could be useful for people that
have no clue on what to do for finances. I think his guidance is valuable.
I'm never tired of listening to Brain 🎊🥳🤗
Thank you for this! I'll be implementing this for my 2015 Goal. and for yrs to come :)
sounds great !!! where do you find mutual fund that pay 8 to 10 percent?
Thats really wonderful advice.. Just need to be implemented
Awesome book!
Thank you.
Wow he does explain it well..
This is really helpful actually!!
so convinced!
i am a little boy and since my family is in debt i found this video helpful so i told my dad about this and he is going to try it. i used to waste all my money that i earn on some stuff, but this video also made me spent only 75% of my income on what i need and i keep the rest safe, by the end of the month i might earn $114 which is not bad for a kid. Thanks for uploading this video!
Good for you! And don't stop and watch your money grow :) you'll have a brighter future. It's smart to start saving at a young age. :)
Starting is the hardest part. Then going from 1% and up and up and up is the process to get you there.
This video is awesome!
GREAT GREAT TIPS THANKS FOR SAVING MY LIFE....
Useful practical insightful tips
Great advice.
great advice.
Thank you so much sir, u changed my life. already I save but when I started thinking in a different way, I realized that I am spending little AMT for daily transport, now I am going in a public transport and I started investing in mutual fund for 15 years locking period. When I become 60 that would have yielded five lakhs.
You are awesome Brian!!!!! Thank you so much for all your videos and tutorial on Money. Roy from Mumbai India.
Been saving up since I was a little kid, always loved money I guess haha. I'm 23 now, i'm planning my worldtravel trough 28 countries for 1.5 years !
Rick Groot so if we start to ow we can world travel in 23 years.. Not bad :)
thank you sir
Great video. Financial freedom!
Excellent. advice.
the hand motions have me mesmerized. I need a latte now.
im sorry but your comment had me crying laughing
at 0:34, he rips one. Listen for it...
eric schmuck ..lmao..