I saved $50,000 in the last two years by taking small steps every day to cut my expenses and put more money towards savings. In this video, I give 10 tips that have allowed me to save $2,500 a month and $50,000 in two years.
Saving money requires commitment, consistency, and patience. There is no one single tip or piece of advice that will allow you to save thousands of dollars. What you do and the choices you make on a day-to-day basis will be allow you to save a large amount of money. You should not expect your bank account to all the sudden have $50,000 in it without any work.
Savings is a way of life, not a means to an end. You should always be saving and not think that there is an end goal. Saving is about creating a "financial safety net" so that you can take more risks and enjoy life more.
Money Saving Tips
1. Change how you view saving
2. Track your expenses
3. Separate your money
4. Save with every paycheck
5. Pennies Matter
6. Pay for prevention, not cure
7. Choose hobbies wisely
8. Don't upgrade your life
9. Things don't buy happiness
10. Treat your body as an investment
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