Mastering Money: The Ultimate Guide to Saving as an Expat

If you live abroad or you’re thinking about living abroad, and you want to save money, this video is for you. Watch this video to find out my top 10 tips for saving money while living abroad, and watch to the end to find out my 3 bonus pieces of advice, which if you follow, you can change your financial future!
Now one thing to keep in mind before we get started, is that spending money is often an emotional response. If you get to the bottom of why you are spending so much, and attack the issue at its source, you can overcome this problem once and for all.
Here are my top 10 tips for saving money:
1. Cut out daily coffee.
2. Get rid of debt
3. Use Splitwise
4. Have a budget
5. Live minimally, get rid of excess stuff.
6. Cancel monthly subscriptions and apps.
7. Minimize expenditures on hair.
8. Cut out other beauty expenses.
9. Go for budget travel vs. lavish vacations
10. Give up your TV!
If you do only the following few items, look how much you save! Those savings can be put into investment:
Cut out daily coffee = $1820
Minimize expenditures on hair = $650
Do your own beauty procedures = $1200
Cut out TV = $300
Total = Almost $4000 per year of savings!!!
My last pieces of advice, for you die-hard savers:
1. Give up driving!
2. Work in a country with high salary and low taxes.
3. Buy a piece of property and rent it out!
If you want to learn more about wealth and investing, here are the 3 best books for learning about how to make smart investments as an expat.
1. Nomad Capitalist amzn.to/3vSJKHM
2. Expat Secrets amzn.to/3i2HyW1
3. Millionaire Expat amzn.to/3CD7tgj
(⚠ Disclaimer: Some of the links above and below go to one of my websites and some are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.)
In addition I would recommend also gaining some general financial literacy. Financial education is a good first step, and to learn some important principles and investment tactics, which are important for anyone whether you’re an expat or not, check out the books I recommend in my video the Top 5 Books for Financial Success:
• TOP 5 BOOKS for FINANC...
1. Rich Dad, Poor Dad by Robert Kiyosaki: amzn.to/3pvPuDs
2. Cashflow Quadrant by Robert Kiyosaki: amzn.to/3vwOEtK
3. Guide to Investing by Robert Kiyosaki: amzn.to/3togfdZ
4. Think & Grow Rich by Napoleon Hill: amzn.to/3Kb8fnn
5. The Rules of Wealth by Richard Templar: amzn.to/3MgOIUt
ONLINE COURSES WITH ME: Want to become a cross-cultural trainer, and travel the world with amazing work opportunities? Check out my course on Udemy "How to Become a Cross-Cultural Trainer" here: bit.ly/2TcNZfV
Want to land your dream job in the UK? Check out my “UK Success Course,” on Udemy Course platform: bit.ly/3BjJcv6
Get in touch with me to learn more! 🔴
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TECH STUFF: I used this awesome microphone to record my video: Rode Wireless Go: amzn.to/34J2s91
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#getrich #financialfreedom #financialeducation #expatwealth #getrich #livingabroad #expatlife

[@joelpueblos444]

Thank you so much Cheryl. You created a video that will be really helpful for people who live abroad.

[@cherylobalcrossculturalexpert]

I really hope that people find it helpful and learn something too.

[@Hannahx1104]

I agree up about giving up driving and TV ..lm not sure about the hair dressers though 😄

[@cherylobalcrossculturalexpert]

Right! Well, everyone has things they can give up and can’t give up…where I do spend money, surely more than others, is on eating out and buying supplements 🤦‍♀️