7 Tips To Save Money FAST
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- čas přidán 31. 07. 2024
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Saving money isn't very fun but if you can save money quickly you will be able to live a little bit more free. Luckily, there are tricks you can use to save money fast. In this video we will go over 7 ways you can save money quickly
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7 Tips To Save Money FAST
0:14 - Saving your extra change isn’t a very effective way to save money
1:05 - The fastest way to save money is by not spending money
2:12 - You can save money by cancelling the subscriptions you don’t need and reducing the size of your bills
4:43 - Put your money to work to save your money quick
4:43 - Keep your savings moving so you can save money faster
6:25 - How to save money on food
7:43 - Sell your car to save money
8:13 - Saving money and being frugal is great and it has it’s place but you need to have a growth mindset to earn more money as well
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This Video: • 7 Tips To Save Money FAST
Channel: / minoritymindset
Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.
DISCLAIMER CONT'D: I'm just a random guy on CZcams so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
Thank you for watching! If you enjoyed this video, you should watch - 4 Steps To Lowering Your Bills: czcams.com/video/VbtNAIrS5lE/video.html
Protip: time is money - watch this at 1.5x playback speed and get your time back.
Thanks for your video’s learning a lot
I raised my income from 18k/yr to 65k/yr since 2016. I quit 4 jobs in 2019 and lowered my expenses as low as I could. Just moved in with my parents and now my monthly expenses is only $800. I'm completely debt free, saved up a 10k emergency fund and investing heavily now, I refuse to be broke and I refuse to be forced to work when I'm 70.
Yes 🙌🏽 that’s what tf i’m talking bout .. i’m on the same type of time as you .. i’m to the point now where i definitely REFUSE being broke my whole life because of poor decisions or by mistakenly making the decision not to bet on myself and take the necessary risks i need to be successful.. my main problem right now is , not knowing how & where to start the process. i’m new to the whole crypto/ stock trading thing . so i was hopin for my fellow black king to help me out with some free game / a lil guidance to get me on the right track if that’s not asking too much..
Way to go, Q!
Really!! I too plan to retire at 46 now but sacare that if things got worse
@@NeelamSharma-bv1rk absolutely, my financial freedom journey started in 2016 and I've been focused ever since. I plan on being able to retire by 40, I'll more than likely still work but only doing the things I want to do. Good luck on your endeavors 💪🏽🏁
Seeing my inlaws borke in poverty being shuffled from kid to kid is what scared me straight.
In one of your videos, You said everytime we spend a dollar we miss out on a chance to make $10. Last night, I spent my last $5 for gas. I was hoping to bring in $15 in return. At the end of the night, I made $125. I did something else you said. I paid myself first. Now i'm taking the $100 that's left over and trying to turn that into $1000. It won't be as fast,but it's a goal. Thank you, Jaspreet,for all the financial tips.
I helped my brother find an extra $800 a month by rearranging a few bill due dates and showing him where his bank's ATMs were throughout the city to save those double dip fees from using a third party one.
Then he went out and financed a Mercedes when his credit score jumped as a result 🤦🏿♂️
Rich Dad Poor Dad taught me more money won’t always solve people’s problems. 🤦🏾♂️
Wow 🤦🏾♀️
The money you save on ATM fees won't by a hamburger!
Buy a car you can afford!
My car was only $2000 three years ago and costs me about $50/month for tax, insurance, fuel, and average yearly repairs.
It even has heatable, leather seats, air-condition, airbags, ABS, a dope sound system, and a 105 HP powerful but still economical motor.
Get a Toyota -for example- from 2000-2005 with less than 100.000 miles and live a happy and frugal life.
Wow! What car make is this? Seems like a good bargain!👍🏽
@@chinonye2 Glad you ask.
It's a 2002 Peugeot 206 CC. -Cabrio
I can confirm the good breakdown and repair reports it is very reliable and surprisingly few weak spots. The biggest problem is that the clutch needs to be replaced after 120.000 kilometers or so. Replacement parts are cheap also.
Ohh I forget, I got 16" wheels when I bought it 3 years ago for free.
I love this car so much. It's super cheap where I live in Europe but you can't get those cars in the US unfortunately.
google "Peugeot 206 CC" and look for prices and reliability reports. It is pretty solid.
2007 Corolla. Still happy 😉😂
Not to mention corollas can pretty much last forever as long as you keep the general maintenance and change the oil and things of that nature.
To save on food, I look at takeout menus and drink water
That was 😄 funny
🤣🤣🤣🤣
Lol
Haha great savings 🥺🥺
well played sir
“The quickest way to double your money is to fold it in half and put it in your back pocket.” - Will Rogers
I like this quote! saving money by not spending it on stupid shit...
Lol
But inflation
Let’s start saving for the long term.
Invest long term* don't over save
Yes I agree with you and than use that savings to invest!
invest more than saving
Naaah... Yolo, take that car you want without a second thought, live like a king (even if you earn as much as a peasant ) & look at all these things on sale!
Hn hn hn...
1. Stop spending & start saving.
2. Take your bills & start negotiating.
3. Put your money to work.
5. Keep your savings moving.
6. Watch your stomach
7. Sale your car
8. Earn more money.
*SELL YOUR CAR ✔
Trading crypto currency is also a nice way to invest your money and savings to enable you change your life for the best
In few years to come people will be kicking themselves in regrets if they miss this opportunity of buying and investing in crypto currency
Crypto trading is a very lucrative of making money online at the moment
My investment in stocks and crypto are really given the current increase😘...
Crypto currency is the future.
Great tips. Loved the way you explained. Thank you for the advice.
“A Penny saved is a f*****g penny.” - Dan Lok
Save save save, but don’t forget to grow!
Yeah but don't invest in Dan Lok courses though.
QLCL Corporate
😂
Sifu!!
@@kevindudson2344 hahahahah that is so true
The quality of your content has been improving over time! Love it!
Great suggestions! This is such an important topic to be discussing right now. I really enjoyed the video!
When I was in my 20s I used to so 'spending freezes'. A couple of friends and I would agree to go on these freezes together which helped. We spent a lot of time together so it was a good way to remind each other not to by extra crap like clothes or restaurant meals we didn't really need!
You're amazing!! Thank you for this!👍
Thanks for the advice My Brother!!!!!!
You always have good motivating energy!
Netflix doesn’t make you money. What about the Netflix stock?? Where is bundy? 😂🔥🚀🤙🏽
This is so awesome…such advise and teachings we dont understand in school but you make it seem easy…thanks again bro..
Nice tips
Thanks
Awesome tips! This is perfect for my next VIDS 😉
Great advice.! This is perfect for my next vids.☝️
Great tips.! I should add this in my next vids.☝️
Thank you for this video!
@@stockupwithlarryjones268 THIS IS A FAKE Minority Mindset account. Says you joined 1 day ago and have 1 subscriber. 😂 You truly are an unintelligent person I feel so sorry for you. Cheers lad
Rule 1: Don’t Spend on Crap!
Rule 2: Don’t Spend on Crap!
Rule 3-7: Read Rule 1 & 2!
Very good
liked before watching
Love this guy
Learn a lot.
That was a good one Mr. J ,"if your Bank Account is a Black Hole who cares about a Black Mirror!"
Thank you Jaspreet. I've been watching you for a few days now and find you very inspirational. I only have one thing standing in my way...Me
Very enthusiastic! Yet, solemn
Liked and shared!
Perfect! 🏆🏆🏆
Happy anniversary MM.
great
Great Video Jasprit,
Other effective strategies I would use to save money include:
1. Know the future value of your money if you invested it instead of spending it (aka opportunity cost)
2. Buy the item you want tomorrow instead of today (your might change your mind)
Very helpful info.i should consider that in my next vids.☝️
Great tips as always Jaspreet. I recently bought a car used, with cash, after being without a vehicle for about two years. It was a lifestyle change but it was definitely felt like a raise in income, because it was.
@@stockupwithlarryjones268 this is a scam/spam account. You have been reported.
Your videos are incredible.I love watching them.They are Very educational. Do you have any videos on Troy?Choices of side hustles we can do because I am in need of a side hustle.And I'm having a lot of trouble locking something that would work down.Any help you can give me would be very appreciated. I am a subscriber and I always hit the like button
"...not my guac" lolol...
Great tips here and it is fun saving money with 6% interest per year
Good morning!!!!
Another infallible video.
You know, when I started watching Minority Mindset, I was financially abject, but I in good faith I watched and learnt a lot about investing and affiliated topics and now I can brag about the cheddar in my bank account. But I actually wouldn't say all thanks to the channel, I'll rather say, thanks to my hardwork and MM😃
Omg I love your content... can you give us a video where you talk about the best saving account to grow your savings ? Please please thanks
Hey Jaspreet it's been a long time since I commented, but I've been grinding and going through a bunch of leveling up/ life changes. Just wanted to give you a shout-out cause what you do is awesome!
Crypto trading is a very lucrative of making money online at the moment
My investment in stocks and crypto are really given the current increase 🥰...
Crypto currency is the future.
I've got this little interest in Bitcoin maybe I'll give it a try
Well with the crypto currency market favourable as it's Investing now wouldn't be a bad choice tho.
Remember some precious metals.
6:40 Jaspreet I thought you were about to do a Cardio B WAP remix. 😆 I don't drink, I don't smoke but let me tell you how you keep from being broke. Well it sounded good in my head. Lol!
As a counselor (attorney), could you give us an overview of Wills, a Power of Attorney, Healthcare Directives, etc...?
Do you have a podcast? I’d love to listen to this without fear my CZcams app will do a madness
morning!
Great advice one thing was left out that may suggest buy and pay off a house even though a house is considered a liability if you eliminate the largest expense in your life the cost of where you live you will have plenty of money and plus your financally ahead of millions of people who pay rent or have a mortgage this is called phantom income
You’re awesom!! happy to find your channel, very helpful for my finances & for my arteries so they don’t turn into fries 😂😂
Money behaviors dictate how much you will actually have later on.
Can you please provide more details on online banking and types of accounts?? Thank you!! Love from a younger brother residing in India!!
For the algorithm !
Sardar ji tussi great ooh.
Put that money to work 💪🏾
Minority mindset is awesome.
damn Jaspreet still always asking a lot of me but if it wasn't for that I wouldn't have saved ten grand since I subscribed to your channel. keep hustlin brotha!!
Can you make a video talking about MBI insurance (mechanical breakdown insurance) & if you think it is worh it
The only advice I can give you is to think about the security of your coins and use secure wallets. I use trust to store btc and ownr to store eos. So far, there have been no problems.
Jaspreet, can you please do a video on mortgage forbearance? Everyone got a bail out, companies, the tax payers, and owner occupied home owners have the ability to take their own bailout via forbearance. Seems like a easy way to save a large chunk of change. Looking forward to your feedback.
I have vanguard roth ira also have physical assets physical sound money and Fundrise
Love from Amritsar, Punjab brother. Now residing in Paris and pursuing doctorate
When you say, “sell your car” when you sell it do you have to pay out the rest of the loan amount yourself or does that transfer to the buyer?
Jazz is chingone 👍🏼👏🇺🇸❤️🙌🏼💵👌💣
I'm paying off debt as quickly as I can and I'm not buying any gucci so by the end of the year I'll have a good cushion in my savings account ❤
Great tip - you do need to figure out how much you spend per month/year. And figure out what you can cut out!
eating 4 black bean tacos from del taco watching this :) Good video
Struggling to get the food costs down. I do challenges like only eating what I already have and not going to the store in the week.
Food is one of those things that I particularly dont negotiate with at least in terms of quality. If I must spend some more to eat better, and thus help preserve my health longer to avert the doctor longer then that is what I will do.
thanks. i paid off my prius it has 35k on it. im good for ten years no car payment.
GOOD MORNING EVERYONE ⭐️⭐️👋🏾
I like that! I'm going to steal it. "If your bank account is a black hole, you shouldn't be worrying about a black mirror"
Definitely agree on not spending money on useless shit..... Rule 3 is the same I use and made a whole video about!
If you have a 2000 honda civic that's been paid off, is it still a liability?🤔 Wouldn't it be helpful/easier on your pockets to have a car like this other than to have Uber or others to drive you everywhere??
Never sacrifice the guac.
There other areas where you can compromise
Jaspreet Investing: Got extra guac!? 🤜🤚💨 #KeepHustlin'
Me: 🥑👋🏾🏃🏾💨
What about driving a paid off car? That’s I currently drive! Still working on a lot of these but I understand toning great happens over night
Love your videos. i am currently putting my little CZcams money into the S&P 500 and working on growing a second channel to monetize. I have a Patreon, but the earnings there are small.
Almost
The thing that works best for me is
1 stop using cards, its easier to realize how much money you shovel put when you have to pull out cash then swiping a Visa walking away.
2 use large Bill's I really son5 like to break any bill's larger than 20
3 stop buying at full price if you can avoid it.
4. Take a second to realize that those shoes that cost $100+ only cost the company 5 dollars to make.
5 look at the value not the price just because it cost $100 doesnt mean its worth $100
6 personally I use change jars it helps me put money away and then I forget about but for those who just dont like cash Acorns is nice too:)
7 drink water you already pay for it, if you want get a purifier or buy bottles water, you will get used to it and the money you save not buying $10 of drinks adds up
I don't have internet, cable or subscriptions and my cell phone is prepaid for $30 per month and I'm still broke! I guess I need to watch my stomach too Jaspreet 🤣
Or get off drugs lol
I have been there. Watch for opportunities like birthday money, tax returns, gifts or selling stuff then use that money or at least a percentage to invest and save or pay off a debt. It is empowering but sometimes mentally hard to not spend on clothes or something but we really only need a weeks worth of clothes yet most people have a months worth of clothes half they don't wear anymore. Sell the extras and invest.
@8:06 that hit home for me... my car note is $456 😩
It felt like he was talking to me directly..
Need to elaborate on the sell your car thing.
What online bank would you recommend
Food gets me too. I don’t drink, party, go on extravagant vacations. I live with a roommate and I own my car. I just live in Buffalo and we have some fantastic food here. The chicken wing capital of the world actually has some fantastic variety in food.
You forgot one ... Don't have children! You'll be around one million dollars better over your lifetime.
Nah man, many times more than that, that's just their expenses upright, but if you make right financial decisions without having a thousand bucks flowing out every month, that will add up over years into millions in opportunity costs
Mother’s Day and Father’s Day come once year but my mother used to say every day is kid’s day.
Too late for me. I have 3. I love these lil monsters though.
Your children have to be factored into your financial future aka family restaurants and such. The people who I've seen come into the dealerships I've worked for who buy cars in cash are usually immigrants who run a family restaurant or family run store, no joke
1- kids are the best thing you’ll ever do.
2- parents tend to earn more money that non-parents. Pressure I guess.
3- chubby little arms wrapped around your neck, butterfly kisses and giggles, and banter with your teenager are worth much more than a million dollars.
How I start stock market like Beginner Which apps is good
03:20 almost spit my coffee out my mouth
This guy is hilarious 🤣 "my artties are fries"
Keep Hustlin 🚨💰
Buy stocks and buy more cryptos too, I have invested into both and I found out that crypto investment is far better than stocks.
I agree with you on that 💯
Both investments are good to go into but if profit must be considered then crypto is far better.
The best thing that should be on every wise individual's list is Investing into different streams of income that don't depend on the government to bring in money especially now the pandemic is hitting the economy pretty hard.
Investments are the stepping stones to success
Investing might be good but investing in the right thing is the actual key to success.
Jaspreet says to sell your car as he drives around in his Ferrari red Prius. I'm trying to decide between a Lexus GS 350 and a Toyota Prius. I think I'll go for the Lex and then get a Prius.
Would also reccomend just start investing. I got an acorns account when I didnt know much about investing and it motivated me to save $$$ so I could contribute to it. And it peaked my interest increasing financial literacy
Consider the book ‘I will teach you to be rich’. Yes, investing is certainly the way to go. Index funds/ETF, individual stocks, real estate - there are so many different ways to make it happen. I started off with saving money into CD’s, then upgraded to index funds, now I’m into individual stocks of companies. Hopefully, one day into real estate.
Save Guac.
Brightman
My credit union pays 1.55% on my rewards checking. Not tons, but better than my Ally online savings
Yea. I tried to negotiate my utility bill. I don't think I was nice enough....
I’ve been really thinking of adding some money in an online bank such better % but I’m a bit sketched by how to actually know if your money is really that safe? 🤔
🥇