This Is Why Your Savings Are Not Growing

Описание: I know people that they really want to change, they want to save more, invest more and live more; they just want more. But the way the game is set up, is for you to give more whether you want to or you don’t.

Think about it. The minute most people get paid, they give it all away, they don’t keep a dime for themselves. Between Bills, Debt and responsibilities, there is nothing left for yourself.

So in this video, I want to give you some tools to help you change that, and to help you see all the tricks around you.

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Stop trying to Save money by Spending Money

Its one of the biggest lies In the book

Here is an example



You should buy an electric car or a hybrid because they are going to save you money

You know who fell for this, I did

I bought me a Toyota Prius 2014 and it’s an amazing car and I spend less money on on gas than any of my friends

But here is what they don’t tell you ( its a lot more expensive to fix, more complicated and if you are commuting via high ways you don’t really get any savings )



Here is another example:

My friend told me about a way to save money on electric bill, via getting solar panels

Spend 30k or get into 30k in debt and save 150 bucks a month

It doesn’t make sense



One last example

You come home with clothes, or a tv because it was on sale for 50% off

If you don’t need something, there is no sale to justify spending money on it

Just don’t buy it and save 100%



Tip: don’t be the test dummy for these ideas



If you don’t use it, you lose it

I don’t know why this works this way but it just does

If you save money without a reason

You tend to spend it for any reason

So you need to keep your money in use or with a purpose



Here are 4 places to spend money on ( that actually help you )

Pay off debt

Save for emergencies

Invest long term

Save for a down payment



I try to never have idle cash

Meaning all the cash I have has a reason for existing

Example I paid of my debt, save for my full emergencies

And I keep investing and I already biught my home

All the money I get now, just goes towards diversifying into real estate



You cant manage what you don’t track

I put this at the end of the video, but I really should have started with it

But I don’t the people that didn’t make it here would take advanatage of it anyways

But the reason your saving don’t grow, is because you don’t take responsibility for your money



If I asked you: Here are 4 basic questions you should know

How much money do you make per month after tax ( you should know)

How much money do you spend each month and in what categoies ( Shelter, utilities, groceries and transport )

What’s your baseline expenses ( it’s the money you can live with per month, without the Fat )

How much debt do you have and at what interest rate



The point is not to make you feel bad

The point is that a lot of the times we think if we don’t know the detials of the problems then the problem don’t exist

But the truth is that the problems get worst and worst

So pay attention, take steps to change even when its hard

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Disclosure & Educational Disclaimer:
Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.