5 Tricks That Save A LOT of Money FAST

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  • Опубліковано 22 тра 2024
  • Nearly 60% of adults do not have enough money saved to cover a $1000 emergency…so here are 5 simple tips on how to save more money, even with a low income. Enjoy! Add me on Instagram: GPStephan
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    First, DON’T SPEND MONEY! Just kidding…obviously. But my first “Trick” that I use is that if there’s anything I’m looking to buy…don’t “BUY IT NOW”..instead, I always just “buy it tomorrow”
    This one is really just about cutting down on impulse purchases that you make without really thinking about it…because this one gets really interesting once you start digging deeper. Many studies have shown that shopping can release dopamine in the brain, which then brings about a sensation of well-being and happiness. And if we take a step further, research has shown that the dopamine hit doesn’t actually come from the purchase itself…it comes from the ANTICIPATION of the purchase.
    From this, we can conclude that BUYING something won’t necessarily give you that fun excitement you’re looking for…and you can get all the same enjoyment from shopping…by not actually buying anything, and instead, window shopping and then saving the money.
    www.psychologytoday.com/us/bl...
    Second, assuming you’ve waited a day and you’re thinking about buying something - think to yourself: “if someone offered me the cash value for this item - would I take it?”
    Sometimes we forget about how much something is going to cost us when we’re so fixated on just getting the thing that we want. But start thinking to yourself: if I had the choice between buying this item, or getting paid that exact amount of money - which would I rather have? Because, in essence…when you decide not to buy something and save the difference - it’s almost as if you’re getting paid to save.
    The third trick to saving more money is to think to yourself “how many hours will this cost me to pay for it?”
    Basically, we have a limited amount of time on this planet - and it’s important we make the best use of our time, not only from a financial standpoint, but also from personal fulfillment. Given that, it’s vital that we spend our money on things that are most important to us - and since our time is a very limited resource, we shouldn’t spend our time working for things that don’t bring us long term value.
    Now fourth, a fun exercise you can do is whenever you save money by not buying something, or by spending less - is by immediately transferring the difference into another account.
    This is a great way to not only make sure you actually keep the money you’re saving, but it’s also really effective because you can begin seeing the immediate results of cutting back. I think that once you begin seeing it work firsthand, you’ll be more likely to get excited at the aspect of having some extra cash laying around - and you’ll be more likely to stick with it.
    And fifth…most importantly, think of what your money is worth in its future value.
    When you save and invest your money, it’s going to grow over time…when you spend it, it’s almost like your halting its growth that it would have been worth, had you saved it, instead. So, instead of spending $20 on avocado toast, you took that $20 and invested it over the next 40 years…if you just took the average, historic return of the stock market - adjusted for inflation, with dividends reinvested…that’s a lot to say…that $20 would be worth about $300 in future value.
    And lastly, if you’re already doing all of the above, and you’re still not saving enough…you need to make more money. EVERYONE will get to a point, eventually, where they cannot possibly save anymore…and it’s at that point where you should begin to shift your efforts from saving, to learning how to increase your income.
    This could be learning a new skill, picking up a side job, looking to switch careers, smashing the like button, you name it - the point is, increasing your income is the necessary last step when it comes to saving money.
    And I really believe that it’s by implementing these strategies, slowly over time, and sticking with it, that you have the potential to begin saving a LOT more money - without really feeling it, until you look at your bank account and see all those extra Benjamins.
    For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

КОМЕНТАРІ • 3,1 тис.

  • @TheGrahamStephanShow
    @TheGrahamStephanShow 4 роки тому +857

    Have you subscribed to me yet? Next video posting tomorrow, Tuesday, 9:00am PST!

    • @BondTheOGYT
      @BondTheOGYT 4 роки тому +9

      Yes Mr. Stephen, I have ;)

    • @adamt1905
      @adamt1905 4 роки тому +3

      You know it

    • @OBRIENDIESEL
      @OBRIENDIESEL 4 роки тому +3

      I have

    • @sawkoeko9712
      @sawkoeko9712 4 роки тому +2

      hey GRAHAM can you do a book review on "The Old Money Book" or some what similar ?

    • @johny2tones
      @johny2tones 4 роки тому +2

      No. Never!

  • @davidlacziko1516
    @davidlacziko1516 4 роки тому +2498

    Don't buy it tomorrow. Buy it three months from now. You have 97% chance you won't care about that thing anymore. It works like a charm. Trust me.

    • @ryangee890
      @ryangee890 4 роки тому +15

      LOL

    • @MrBeard17
      @MrBeard17 4 роки тому +111

      Totally sums up dating.

    • @beth.l8608
      @beth.l8608 4 роки тому +48

      Yeah just dont buy it and youll forget about it because if you NEED it youll buy it now

    • @billybbob18
      @billybbob18 4 роки тому +69

      3 months went by, then a year...
      I just had to buy that racing drone.

    • @billybbob18
      @billybbob18 4 роки тому +44

      Intermittent fasting can save the cash and your health.

  • @TheDrewBlaze1
    @TheDrewBlaze1 4 роки тому +2092

    Honestly i love watching my savings grow.... Like i cant wait for every payday just to save money lol.. Idk its weird

    • @angelellis7690
      @angelellis7690 4 роки тому +35

      Same !

    • @camrygirl84
      @camrygirl84 4 роки тому +7

      Drew Blaze ditto on your comment!

    • @Theone12328
      @Theone12328 4 роки тому +18

      Drew Blaze Thats how it should be 💯💯💯

    • @silvereyedstacker1842
      @silvereyedstacker1842 4 роки тому +18

      Same. I love investing, but I’m not working right now, and I can’t wait to go back to work so that we can invest more.

    • @sarahdoehler
      @sarahdoehler 4 роки тому +1

      Same 🙈

  • @conorvedova3222
    @conorvedova3222 4 роки тому +801

    Me: "I think I'll buy some food for today."
    Graham: "Buy it tomorrow"

  • @GarrettMusic1
    @GarrettMusic1 4 роки тому +533

    I'm usually bad at saving money but I'm turning my life around and now I've saved over 2k and I want to keep saving

    • @markwhittaker6866
      @markwhittaker6866 4 роки тому +39

      Congratulations.
      Keep going.
      Stay blessed.

    • @overk1llz
      @overk1llz 4 роки тому +52

      Yes me too, since I stopped drinking alcohol I saved 6k but spent it on a car I wanted but bought it cash so it's mine. Now I have about 5k again and trying to build a house on a property my mom has in Mexico, I feel safer knowing I can go somewhere where I don't have to pay rent.

    • @shadowman0488
      @shadowman0488 4 роки тому +8

      @@overk1llz well done! That's fantastic!

    • @Mellissaruizpa
      @Mellissaruizpa 4 роки тому +3

      Keep it up! You're winning!!

    • @ve2430
      @ve2430 4 роки тому +3

      @@overk1llz watch out for the cartels bro. I rather pay rent

  • @kuchakshahbazi
    @kuchakshahbazi 4 роки тому +960

    Step one: have a picture of Graham in your wallet so you remember you can make that $0.20 coffee.

    • @GrahamStephan
      @GrahamStephan  4 роки тому +188

      I should sell those wallet pictures for $1 each, I'd be so rich

    • @claratorres3643
      @claratorres3643 4 роки тому +6

      @@GrahamStephan lol, btw I wouldn't ever regret the Rex skull

    • @kuchakshahbazi
      @kuchakshahbazi 4 роки тому +10

      Let's partner up Graham! I'll only take a 2% of the profits for the idea and I can even help implement it 😉

    • @motorcyclemama3662
      @motorcyclemama3662 4 роки тому +7

      Graham Stephan I would buy it. It’s a smart investment to save money overtime😂

    • @user-jd5wx2gb5m
      @user-jd5wx2gb5m 4 роки тому +6

      Im actually thinking about it seriously now

  • @DanielIles
    @DanielIles 4 роки тому +1011

    The best trick that has helped me is not ever spending money. I haven’t bought anything in months. By eating tree bark and drinking free venti ice waters I save 100% of my income. You better bet I’m using free Starbucks WiFi right now.

    • @GrahamStephan
      @GrahamStephan  4 роки тому +140

      YESSS

    • @brittanyr8357
      @brittanyr8357 4 роки тому +3

      Lol

    • @Music4DaSol
      @Music4DaSol 4 роки тому +23

      What about the $20000 hospital bill?

    • @incisor78
      @incisor78 4 роки тому +2

      @@Music4DaSol The whole purpose is that he save as much as possible for that. And I don't think 20k can fork the bill.

    • @matthewharris4900
      @matthewharris4900 4 роки тому

      Genius

  • @UnKissPaTii
    @UnKissPaTii 4 роки тому +359

    It sounds cheesy but I’ve worked on not even wanting material items, prayed about it and all. It feels good walking through the mall and not wanting to shop for any clothes or shoes. Not wanting to show off and simply just feeling less materialistic.

    • @gerRule
      @gerRule 4 роки тому +9

      You’re a minimalist and you don’t even know it.... if you haven’t already you should type it into UA-cam

    • @NavitureFBr
      @NavitureFBr 4 роки тому +1

      Yes!

    • @silvereyedstacker1842
      @silvereyedstacker1842 4 роки тому +20

      You get to a point where you realize that materialism is toxic. I’m there. I do have nice things, but at very picky in my purchases. I don’t like clutter so don’t like to bring a lot into the house! Takes more effort to clean, no thanks.

    • @triggered577
      @triggered577 4 роки тому +1

      Buying shoes and clothes doesn’t make a person materialistic - especially if you really need shoes and clothes. I would not assume shoppers are looking to show off either. What if they simply like fashion and exuding that style and taste in the clothes they wear? It’s a shame that ppl like Graham can’t put positive things on the internet without others using it to compare themselves to others and applying negative attributes to ppl who may not think and live the same. Smh.

    • @silvereyedstacker1842
      @silvereyedstacker1842 4 роки тому +9

      Lone Star 89 Nope, but it makes them stupid unless they are financially free. I have nice clothes and shoes, but only buy what I need. Quality, not quantity.

  • @samuelscruggs4863
    @samuelscruggs4863 4 роки тому +1069

    Glad I'm not the only one who uses "how many hours will this cost me?" 🤑😎

    • @jhonatanalvarez05
      @jhonatanalvarez05 4 роки тому +26

      Life is Time; if only people will realize that, they would SPEND their TIME more effectively..

    • @jennifercarlson6691
      @jennifercarlson6691 4 роки тому +5

      it's a smart thing.

    • @stefanogiancarli415
      @stefanogiancarli415 4 роки тому +4

      Such a great method to save money

    • @erikperez8124
      @erikperez8124 4 роки тому +5

      I’ve done that for a while now and I thought I was just paranoid 😂

    • @bsdiceman
      @bsdiceman 4 роки тому

      I do it too !

  • @imgonzalez
    @imgonzalez 4 роки тому +1678

    Person making $100k a month and spends $2k a month
    Graham: Okay i think we can still cut back on some stuff

    • @GrahamStephan
      @GrahamStephan  4 роки тому +484

      This is way too accurate

    • @olliehopnoodle4628
      @olliehopnoodle4628 4 роки тому +30

      @@GrahamStephan And still super smart.

    • @franky3580
      @franky3580 4 роки тому +32

      2k is just rent by itself

    • @MartinEW
      @MartinEW 4 роки тому +13

      @@franky3580 yeah, if you live in an expensive area.

    • @jessicamccarty2059
      @jessicamccarty2059 4 роки тому +24

      @@franky3580 2k would pay my mortgage 3x plus some. Location, location, location.

  • @Caspertraderofficial
    @Caspertraderofficial 4 роки тому +433

    *The 5 Tips Graham talked about:*
    1.) Buy tomorrow
    2.) Would you rather have cash?
    3.) How many hours does it cost?
    4.) Save your savings
    5.) Future value
    Make sure to watch the full video because Graham goes in depth into each of the tips... and his videos are hilarious.😁
    You're Welcome!👍

    • @GrahamStephan
      @GrahamStephan  4 роки тому +35

      Also in the description, too :)

    • @cherrytung
      @cherrytung 4 роки тому +5

      @@GrahamStephan love how detailed your descriptions are!

    • @cyremur
      @cyremur 4 роки тому +7

      Yup, that's what got me to subscribe. Putting it all in the description gave you the credibility that you actually want to inform people instead of merely maximising click-bait-watch-time. Kudos!

    • @cfg1365
      @cfg1365 4 роки тому

      When graham already thought of what somebody else tried to say 🥴🥴🥴

    • @arthurfonzarelli9828
      @arthurfonzarelli9828 4 роки тому

      @@cherrytung so do I

  • @user-ww6ii6zn8m
    @user-ww6ii6zn8m 4 роки тому +646

    Great video Graham! I'm 18 and I saved my first $10k last year. $100k Here I come!

    • @fitnesstoffer2703
      @fitnesstoffer2703 4 роки тому +44

      Dont save, invest as next step Bro. Good start by the way!

    • @user-ww6ii6zn8m
      @user-ww6ii6zn8m 4 роки тому +43

      @@fitnesstoffer2703 Thats what I meant... Its not just sitting in a checking account lol

    • @jackson.denzler.
      @jackson.denzler. 4 роки тому +1

      Levine Digital how’s it going now?

    • @JWu-jt7fz
      @JWu-jt7fz 4 роки тому +58

      Keep being frugal, don't tell anybody about your wealth saved up or else the gold-diggers will come.

    • @user-ww6ii6zn8m
      @user-ww6ii6zn8m 4 роки тому +16

      @@JWu-jt7fz thanks for the good advice 😂

  • @jin394
    @jin394 4 роки тому +157

    My trick to saving money: I'm just too lazy to go shopping

    • @GeneralChangOfDanang
      @GeneralChangOfDanang 4 роки тому +10

      Social anxiety helps.

    • @Rabid_Squirrel_
      @Rabid_Squirrel_ 3 роки тому +4

      @@GeneralChangOfDanang i just buy things online :( then i dont have to go out

    • @annadavis6361
      @annadavis6361 3 роки тому

      Since Covid I’ve been feeling the very same way! 🥴

  • @shotelco
    @shotelco 4 роки тому +361

    Trick #6: Go to your parents house/houses (if you're not already still living there), look in the garage and closets, and do a visual audit of the estimated value at time of purchase of all the junk that's accumulated there. Special attention should be given to Mom's purses and shoes, and Dad's RV or boat. Mentally add it all up. Guesstimate how many working hours it took to purchase all that unused stuff. Then tell yourself that, with respect only to consumption habits, you vow NEVER to be like your parents.

    • @billb8792
      @billb8792 4 роки тому +28

      My mother's closet shelves have, multiple times, collapsed due to the weight of so many clothes. She likes thrift shopping for outfits so it's not like a huge expense, but I suggested that every time she buys something new she donates one outfit back to the store. Blank stares

    • @shereethomson7797
      @shereethomson7797 4 роки тому +10

      shotelco good points . Also the TIME it took shopping and the TIME it takes to oganise it the TIME it takes to clean it the TIME it takes to get rid of it when purging excess STUFF and perhaps the TIME and energy to pack it if you have to move house !!! Lol

    • @womanzuzu9688
      @womanzuzu9688 4 роки тому +1

      Agreed

    • @marabookstagram
      @marabookstagram 4 роки тому +3

      I can do this with my own stuff! Sigh.

    • @bellajaid
      @bellajaid 4 роки тому +2

      Or... vow to be like your parents if they are reasonable ;-)

  • @justrusty
    @justrusty 4 роки тому +332

    When my wife shops, we refer to it as her going "hunting." Then she'll come home and tell me about all the things she had in her cart, then decided to put back on the shelf.
    Classic "catch and release." Just as fun.

    • @GrahamStephan
      @GrahamStephan  4 роки тому +77

      Wife goals

    • @claratorres3643
      @claratorres3643 4 роки тому +7

      😆 love that

    • @richardmcgough582
      @richardmcgough582 4 роки тому +2

      Hmmm I wonder if she does so you dont feel so bad for the $400 purse that she bought.(Exagerating but you get the idea) :) Man I have the same situation

    • @justrusty
      @justrusty 4 роки тому +13

      @@richardmcgough582 Oh, I know about THAT situation:
      Years ago she saw me admiring my brother's 50" TV. She told me "You should get a big TV. You work hard, you love watching football, you deserve it."
      She did all the research. Found a Best Buy that had a 60" TV on sale and in stock. I was all excited; we really don't buy much in the way of big ticket items like this.
      As we were backing out of the driveway she mentioned "By the way, I need a new living room set."
      TV ended up costing me $7000.

    • @Vivla123
      @Vivla123 4 роки тому +1

      LOL

  • @chuckmurray1825
    @chuckmurray1825 3 роки тому +32

    What makes me feel better about this video is that I save nearly 50% of my income and always remind myself the difference between want and need.

  • @josearizmendi791
    @josearizmendi791 4 роки тому +65

    Thank Graham I just saved 50000 dollars for a kidney transplant I needed!

  • @bobcrane2720
    @bobcrane2720 4 роки тому +146

    2:26 Picks up lots of Gucci, takes it to the counter, rings it up; "no thanks I got my dopamine from the anticipation."

  • @yourbackyard7133
    @yourbackyard7133 4 роки тому +775

    How I save money by not buying things I want.
    Me: looks at item I want
    : looks at price
    :looks at wallet
    Wallet: looks at me
    Me and my wallet: walks away*

    • @cheesse9yearsand
      @cheesse9yearsand 4 роки тому +6

      thats y i never carry cash

    • @fireduckz3765
      @fireduckz3765 4 роки тому +2

      Use a credit cart, you can buy everything you want and have no limit, if you use too much you might have trouble with the bank

    • @royston6665
      @royston6665 4 роки тому +18

      Anders Hansen how fucking dumb are you

    • @expressivepets1
      @expressivepets1 4 роки тому

      Ha...me too.

    • @basicpenguin3844
      @basicpenguin3844 4 роки тому +1

      @@fireduckz3765 honestly credit is the worst thing to ever be invented. Its the reason I keep over spending no matter how much I try to restrain myself.

  • @IAMJOHN4EVER
    @IAMJOHN4EVER 4 роки тому +313

    Graham Stephan is Dave Ramsey for millennials

    • @GrahamStephan
      @GrahamStephan  4 роки тому +43

      ah thanks!

    • @georgievvladimir
      @georgievvladimir 4 роки тому +22

      Nope. Dave is telling you to invest in "good gross stock mutual fund" and at age of 75 you will be rich. Graham is giving you the shortcut.

    • @mosef312
      @mosef312 4 роки тому

      Who's Dave Ramsey?

    • @nanivan5493
      @nanivan5493 4 роки тому

      @@georgievvladimir no good

    • @jaimepulido5109
      @jaimepulido5109 4 роки тому

      CODE: 8GV5F
      If you want to save money on your gas purchases GetUpside is a great way to do it. You can get up to 45 cents back per gallon CASHBACK. Payout through PayPal or a check in the mail.
      REMEMBER USE CODE: 8GV5F to get and extra 20 cents back.

  • @Officiallydaiya
    @Officiallydaiya 4 роки тому +62

    I’m starting to view money differently. I just wish I had started seeing it this way 5 years ago when I was 18.

    • @nosynosee3835
      @nosynosee3835 3 роки тому +1

      At 23, you'll be fine. Just do research on investing and look into a Roth IRA if you haven't, and you'll be fine, dude. More than fine, in fact. You'll be well off :)

    • @myfirstnamemylastname1992
      @myfirstnamemylastname1992 3 роки тому

      I’m 21 I’m at 6k saved
      Up trying to reach 10 was going to try buying a car with it but want it to grow not sure what to do either

    • @carieyoung1111
      @carieyoung1111 3 роки тому +1

      At least your not 40! Good job!

  • @the.daily.dollar
    @the.daily.dollar 4 роки тому +317

    my trick is dont buy anything until you have at least 3 reasons you need it not want it ... its a huge difference.

    • @GrahamStephan
      @GrahamStephan  4 роки тому +27

      That works!!

    • @slothymango
      @slothymango 4 роки тому +42

      I want it, I want it, and... I want it.

    • @e.p6833
      @e.p6833 4 роки тому +6

      Dax Brook
      2- fills my thirst
      3- it’s water

    • @the.daily.dollar
      @the.daily.dollar 4 роки тому +1

      E.P there you go bud

    • @Kris-ej4ik
      @Kris-ej4ik 4 роки тому +2

      Dax Brook 1. Quenches your thirst 2. Needed for cooking 2. Allows you to shower/clean things.

  • @djrlathrop111
    @djrlathrop111 4 роки тому +320

    Buy avocado tree (~$90 max at 3-4ft), wait a few years, harvest avocados. Bam: $0.20 avocado toast

    • @Liz-ol2pb
      @Liz-ol2pb 4 роки тому +11

      On it! Planted 3 trees last month

    • @n1troz_
      @n1troz_ 4 роки тому

      Liz did you really haha?

    • @LGnLA
      @LGnLA 4 роки тому +1

      @@Liz-ol2pb I need to do the same!! Avocados are SUPER PRICEY right now!!!

    • @aygwm
      @aygwm 4 роки тому +4

      It takes like 20 years for the plants to mature 😂

    • @isisflores2797
      @isisflores2797 4 роки тому

      Daniel L. Then you sell them to your friends and neighbors

  • @cameronireland1068
    @cameronireland1068 4 роки тому +183

    "that Bose speaker you've used 5 times in the last year " ok just call me out then

    • @Eli-yo1yb
      @Eli-yo1yb 4 роки тому

      Cameron Ireland I still use my Bose speaker 5 times every year

    • @nosynosee3835
      @nosynosee3835 3 роки тому

      Hahaha. You'll bet through this

  • @zerc1
    @zerc1 4 роки тому +146

    Basically you’re preaching delayed gratification.

  • @DamonNeal
    @DamonNeal 4 роки тому +120

    My number one trick is to leave my debit/credit cards at home. This completely eliminates impulse spending. Works every time

    • @GrahamStephan
      @GrahamStephan  4 роки тому +13

      YES!

    • @jonathanbickish9862
      @jonathanbickish9862 4 роки тому +2

      The only problem would be online shopping

    • @fsruiz64
      @fsruiz64 4 роки тому +10

      I use Apple Pay for most of my purchases, so this doesn’t help :P

    • @Ravenex2
      @Ravenex2 4 роки тому +2

      I been tying up my credit cards with a rubber band and leaving them in a box in my basement. When I first got credit cards I really screwed myself up by taking them with me to the supermarket and using them to buy stuff from Amazon. Oh the pain I endured trying to pay those cards back and I'm back on track now, but it was quite the journey. Do not use credit cards for any type of impulse purchase or repeat buying.......cause you make that a HABIT. Make it a habit instead to not use the cards.

    • @bluef.2473
      @bluef.2473 4 роки тому +2

      *ApplePay has entered the chat*

  • @lilpoindexter
    @lilpoindexter 4 роки тому +32

    HEY! I bought my bose speakers in 1992 for $600...Im still listening to them TODAY. In fact, I've listened to all your videos over the same Bose speakers...
    Works out to $22 bucks a year, and dropping.
    PS the scammer get rich quick commercials that run during your videos are AWESOME!

  • @Tcgrande77
    @Tcgrande77 4 роки тому +3

    GREAT video! Thank you so much for putting everything in perspective. I am using these tips every day. I’m so proud of my financial discipline. 🙏🏻

  • @kseniiab5733
    @kseniiab5733 4 роки тому +1

    Honestly, want to smash that like button 10+ times for this video!! Love this channel in general - I always find the best, easy to understand/implement and most relevant to me financial tips!

  • @MartnGuz
    @MartnGuz 4 роки тому +181

    No one :
    Graham : I think we can cut out on that

  • @ThisIsTechToday
    @ThisIsTechToday 4 роки тому +159

    My biggest life hack for getting a dopamine hit is buying stock. You get the same high or feel of buying something, but you're buying an index fund, lol.

    • @legrandleseur1215
      @legrandleseur1215 4 роки тому +5

      This is actually what I have been experiencing!!!

    • @zeebotheclown4325
      @zeebotheclown4325 4 роки тому +9

      Until it heads south and that panic adrenaline kicks in.

    • @jaimepulido5109
      @jaimepulido5109 4 роки тому

      CODE: 8GV5F
      If you want to save money on your gas purchases GetUpside is a great way to do it. You can get up to 45 cents back per gallon CASHBACK. Payout through PayPal or a check in the mail.
      REMEMBER USE CODE: 8GV5F to get and extra 20 cents back.

    • @naterangel9717
      @naterangel9717 4 роки тому +1

      I do this too lol

    • @FrankC656
      @FrankC656 4 роки тому +3

      So true. Been buying some for my daughters lately and it’s better than any worthless plastic toy they’d enjoy for 2-3 weeks then move on.
      They’ll thank me in 20 years.

  • @JillHope-ishinewealth
    @JillHope-ishinewealth 4 роки тому +8

    I LOVE these tips Graham! What they do is they help you stop and really consciously think about what you're doing with regard to your money habits. We tend to operate on auto-pilot much of the time when it comes to our money. These tips act as a powerful pattern-interrupts, putting space between our thoughts that involve money and our actions. This space allows for more conscious decision-making. Thank you!

  • @name8252
    @name8252 4 роки тому +1

    Future value is my favorite tip ..never would have thought about this until watching you. Thank you 😊

  • @isaacpaolino718
    @isaacpaolino718 4 роки тому +67

    First tip: Make 20¢ coffee.

  • @blakebecker159
    @blakebecker159 4 роки тому +442

    I can't save money... I spend $300/mo on avocado toast and Starbucks coffee

    • @samiamor3955
      @samiamor3955 4 роки тому +11

      I get my Avocados for 50.c and drink coffee only at home.

    • @rmg8729
      @rmg8729 4 роки тому +11

      Cut Starbucks and invest the saved money in avocado toast

    • @silverhawk7324
      @silverhawk7324 4 роки тому +4

      Lmfao wtf that's more than my car, insurance and food bills combined.

    • @rmg8729
      @rmg8729 4 роки тому +19

      It is a joke, people

    • @Ltpwnface
      @Ltpwnface 4 роки тому +4

      I like peanuts.

  • @CrypticCobra
    @CrypticCobra 2 роки тому +1

    Need vs want, the number one question you should ask yourself before a purchase. Saves me so much money. Keep in mind I consider happiness a need, i just determine if the purchase will actually impact my happiness.

  • @decaf4me2
    @decaf4me2 4 роки тому +1

    Superb. Thanks for the tips. Particularly the reminder about Your Money or Your Life book.

  • @buildbrighter8386
    @buildbrighter8386 4 роки тому +72

    Graham, can you make some more videos for teenagers/kids? Like how to invest in your knowledge in young age and pick carefully who you listen to? Thank you🙏

    • @expressivepets1
      @expressivepets1 4 роки тому +4

      Gosh, if u followed his advice...ur life will be so full of real choices. Good luck. Wish I had Graham around when I was young.

    • @buildbrighter8386
      @buildbrighter8386 4 роки тому +2

      Expressive Pets yea Graham is a great mentor, I’m so happy that I got Robert Kiyosaki, Dan Lok, and Graham around me when I was young

    • @lollagurly198
      @lollagurly198 4 роки тому

      Yeah! I just turned 18 and immediately opened a Roth IRA. I luckily have parents who are very financial literate, but a lot of what he has to say are things they've said before plus some.

    • @buildbrighter8386
      @buildbrighter8386 4 роки тому +1

      Lollagurl Y but remember most people learned REAL financial education when they’re like 30 to 40 something even never, so you’re already 20 years ahead of them! Use your advantage and makes millions! I believe in you!

  • @austindavis7415
    @austindavis7415 4 роки тому +12

    A desire achieved is no longer a desire.
    Once you have it, you dont want it as much.

  • @ryanmarquez2256
    @ryanmarquez2256 4 роки тому

    This is definitely one of your most helpful videos I've come across so far! Thank you!

  • @kylemclachlan1742
    @kylemclachlan1742 2 роки тому

    Love the advice man!!!!

  • @Windarti30
    @Windarti30 Рік тому +433

    I can't believe how much our lives have changed since meeting Rodger Michael Karl. He's helped us become debt-free and save for retirement." I made over 220K during this dip, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action, especially for those who are close to retirement ..

    • @tomaszcz_k
      @tomaszcz_k Рік тому

      Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.

    • @WiolciaMrozowska531
      @WiolciaMrozowska531 Рік тому

      I just discovered his outstanding resume when I searched for his name on Google. I count it a blessing that I came across this comment section.

    • @AnnaFed015
      @AnnaFed015 Рік тому

      I invest with Rodger Michael Karl. He's the best when it comes to making high profits in the financial market, he's well accredited and proficient to help you through managing your investments...

    • @stanleyzac1648
      @stanleyzac1648 Рік тому

      The financial markets are full with opportunities, but I've learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, Rodger Michael Karl.

    • @MatgorzataZielinska
      @MatgorzataZielinska Рік тому

      Rodger Michael Karl's idea is essential for succeeding against all odds in this area of online commerce. So far, his management group has been extremely excellent. With $14k, I generated almost 288k in compounded gains..

  • @toxicwaste920
    @toxicwaste920 4 роки тому +60

    **dont have kids***, you'll save a whole lot in life.

  • @kewkiex5328
    @kewkiex5328 4 роки тому

    Thank you for these informational videos. I've been binge watching your videos and taking notes. I've been in a awful realationship I'm trying to get out of now. Been making alot of good changes thanks too your videos. It's crazy how much good information is on youtube and people are not taking advantage these great opportunities.

  • @nadiyaqt4219
    @nadiyaqt4219 4 роки тому

    God Bless you!!! Helping me look at life different. Keep posting

  • @mike751
    @mike751 4 роки тому +27

    Shopping for me brings regret and feeling broke

  • @dyllinbernard6720
    @dyllinbernard6720 4 роки тому +51

    *Smashes Like Button*
    *Computer Screen Breaks*
    No worries, with all the money I saved i can afford to get it fixed!

  • @naptown249
    @naptown249 3 роки тому +1

    Love your energy. I'm subscribed

  • @JeanOfmArc
    @JeanOfmArc 3 роки тому +1

    This is one of the best advice videos I have ever seen. By the time I reflect on all these questions when it's time to buy something, I've forgotten what I even wanted to buy. Thank you, Graham!

  • @morganmasterson5394
    @morganmasterson5394 3 роки тому +7

    So glad I started watching you sometime in the past year. I’ve saved $1000 in 3 months and I’m hoping to have $5000 by the time I graduate. I’m only 17.

  • @Vera-dg3hf
    @Vera-dg3hf 4 роки тому +12

    What he is saying in this video is SO TRUE. For example, when I shop on Amazon, I add all the items i want and revisit the shopping cart 3-4 days later. I always end up with only 2-3 items out of 10-15. Drastically reducing my costs. I dont say buy it tomorrow. Sleep on it for several days!

  • @BartChmielecki
    @BartChmielecki 3 роки тому +2

    Re-watching Grahams old videos as per usual. Loveeee it

    • @ambitiousdeen5525
      @ambitiousdeen5525 2 роки тому

      Thanks for the feedback.....for more information *+1/6./1./.7../4./..6./..5./..5.../3../4../7*
      W •H•A•T•S•A•P•P.••••M•E 🔅 🔅 🔅🔅 🔅......

  • @macdotkenzie
    @macdotkenzie 2 роки тому

    I can't tell how much this helped me after I watched most of your videos. Thanks.

  • @loannewton2665
    @loannewton2665 4 роки тому +3

    Dear Graham, I must confess my addiction: which is to watch you everyday, yes everyday I learn something new or re-confirmed something I knew. Your video is very straight forward and educational. Thank you and hello from Virginia.

  • @bbfreetube
    @bbfreetube 4 роки тому +23

    #1...great idea..I do that on Amazon..add it to "wish" list and nine times out of 10 I don't buy the next day or ever!

  • @auniciasharpe7293
    @auniciasharpe7293 4 роки тому

    This is, BY FAR, the best money saving video. You have succeeded at getting to the heart of the issue. Thank you!

  • @annie22
    @annie22 4 роки тому

    Thank you for these tips.

  • @billymingione2394
    @billymingione2394 4 роки тому +4

    Another awesome video! I feel without realizing it, I have been doing a few of these things already! I like the idea of putting the money that you save by not buying certain things (or eating home) in a separate account so you can see how much you have saved over time. I’m currently waiting for my ally bank account to be approved!

  • @fernandorivera9249
    @fernandorivera9249 4 роки тому +16

    #4 is an insane hack. Long term results with the taste of instant gratification 👌

  • @kimdeane3145
    @kimdeane3145 2 роки тому

    This was great motivation! Thank you!

  • @djruddlv
    @djruddlv 4 роки тому

    Really valuable advice, thank you!

  • @JF-rz3rh
    @JF-rz3rh 4 роки тому +5

    Brilliant video! Most videos about money talk about the cash you need to set aside. I like how this explains savings a different way by showing you how to change your frame of mind on purchasing. And just by avoiding purchases that aren't necessary, your wallet is heavier. Which is so true!

  • @kylofps
    @kylofps 4 роки тому +4

    I just appreciate how much Graham helps us 👏👏👏

  • @samiam7810
    @samiam7810 4 роки тому

    Graham’s advice is always so helpful

  • @davidarnold25
    @davidarnold25 2 роки тому

    Your way of describing Opportunity Cost is excellent. I use opportunity cost as my most compelling argument for what I spend my money on, and whether my decision making makes sense.

  • @HumansOfVR
    @HumansOfVR 4 роки тому +45

    *_As Ben Mallah would say Buy low, Fix it up, and Sell High_*

    • @GrahamStephan
      @GrahamStephan  4 роки тому +9

      ...and hit the like button

    • @myopinions1
      @myopinions1 4 роки тому

      Fix it up is the key.

    • @No1reallydies
      @No1reallydies 4 роки тому +1

      Life Progress - Health, Wealth, & Happiness Channel no. Buy low , pay someone else to fix it and sell high making profits while doing nothing

  • @Mellissaruizpa
    @Mellissaruizpa 4 роки тому +35

    Me: thirsty while at airport
    Also me: wants to buy a bottle of water
    Wallet: nah, use the water fountain.

  • @hsallam2008
    @hsallam2008 2 роки тому

    Thank you for the video!

  • @HappyRainbowzBunny
    @HappyRainbowzBunny 3 роки тому

    Your videos has really been helping me start to save. Thanks Graham!

  • @hiimwilliam
    @hiimwilliam 4 роки тому +17

    Love ur vids, they kinda give me a sense of how to not be broke.

  • @isaiahmoore8338
    @isaiahmoore8338 4 роки тому +31

    No one:
    Graham: I CAN MAKE COFFEE FOR 20 CENTS A CUP FROM HOME

    • @fondantswirl2019
      @fondantswirl2019 4 роки тому +1

      Isaiah Moore no one? This has always been my logic lol.

  • @ericroman6820
    @ericroman6820 4 роки тому +1

    Very informative, Thank you for making this content. Peace and Prosperity👍🏽

  • @LauraMartinez-lb4gi
    @LauraMartinez-lb4gi 4 роки тому

    Just discovered you a few days ago, you're my new financial advisor! I have never thought about my time from this perspective. Your advise is helping me look at money from a whole new perspective.

  • @kdrguru
    @kdrguru 4 роки тому +31

    Living in a van is a good way to save $...I essentially got a 15% raise for minimal discomfort and have no roommates.

    • @pseudonymshqipe854
      @pseudonymshqipe854 4 роки тому +2

      🤔

    • @aygwm
      @aygwm 4 роки тому

      No thanks.

    • @childfreesingleandatheist8899
      @childfreesingleandatheist8899 4 роки тому +4

      Is the van down by the river?

    • @melrose5895
      @melrose5895 4 роки тому

      I’ve always wanted to do this! Or an RV!

    • @carolesteinberg7463
      @carolesteinberg7463 4 роки тому +4

      I lived in my sprinter van for over 5 years. Saved enough to buy a house cash. Rented the house out for a year and made 6,000k clear after taxes and insurance and maintenance

  • @adamt1905
    @adamt1905 4 роки тому +143

    Simple, make $.20 coffee each morning 🥑🍞😂

    • @GrahamStephan
      @GrahamStephan  4 роки тому +15

      It's the secret to everything

    • @cherrytung
      @cherrytung 4 роки тому +4

      say no to lattes!

    • @Eric-kz9bk
      @Eric-kz9bk 4 роки тому +3

      When we gonna get that How To video on the coffee? 😁

    • @adamt1905
      @adamt1905 4 роки тому +1

      Hopefully sooooon 🤔🤣

    • @chungchan2678
      @chungchan2678 4 роки тому +1

      i made 1 million cups of coffee now i am 200,000 in debt and OD from caffeine :(

  • @brianbordenkircher52
    @brianbordenkircher52 2 роки тому

    Great ideas! Thanks!

  • @XXGABEX
    @XXGABEX 4 роки тому

    Subscribed because you deserve it so heavy man 💯 thank you for opening my eyes my guy!

  • @PupusaJrYT
    @PupusaJrYT 4 роки тому +78

    "Don't buy it now. Buy it tomorrow."
    Amazon deal: 50% off SALE ENDS IN 2 HRS!
    Me: Graham said tomorrow soooo...

    • @roccodavidson58
      @roccodavidson58 4 роки тому +7

      PupusaJr A $50 dollar item - being sold for $20 ... is still $20 dollars 💵

    • @roccodavidson58
      @roccodavidson58 4 роки тому +15

      You didn’t save $30 dollars ... you spent $20

    • @PupusaJrYT
      @PupusaJrYT 4 роки тому +2

      @@roccodavidson58 Ok boomer

    • @roccodavidson58
      @roccodavidson58 4 роки тому +6

      PupusaJr 30 years young rock star - just looking to help help shift the mindset of “I can’t” to “I should consider” - best of luck friendo

  • @katefromouttaspace378
    @katefromouttaspace378 3 роки тому +7

    100% realising that increasing my income is the priority now... when you do your tax return and it tells you that you are a low-income earner, it gets you in the feels. Thanks, Australian Tax Office, for the wake-up call.

    • @ambitiousdeen5525
      @ambitiousdeen5525 2 роки тому

      Thanks for the feedback.....for more information *+1/6./1./.7../4./..6./..5./..5.../3../4../7*
      W •H•A•T•S•A•P•P.••••M•E 🔅 🔅 🔅🔅 🔅......

  • @miked7212
    @miked7212 3 роки тому +2

    Great video! So informative! I love the editing!

    • @Jichangwook-nq2uq
      @Jichangwook-nq2uq 2 роки тому

      Thanks for the feedback.....for more information *+1/6./1./.7../4./..6./..5./..5.../3../4../7*
      W •H•A•T•S•A•P•P.••••M•E 🔅 🔅 🔅 🔅...............,,,

  • @JaredCarter84
    @JaredCarter84 4 роки тому

    Perfect. Good video man

  • @Jesseg-rj6xf
    @Jesseg-rj6xf 4 роки тому +630

    Trick #6: stay single

    • @jackson.denzler.
      @jackson.denzler. 4 роки тому

      Jesseg0815 😂

    • @jhonatanalvarez05
      @jhonatanalvarez05 4 роки тому +111

      Unless you find a good partner where you both grow together at a faster rate.

    • @zezooam
      @zezooam 4 роки тому +4

      Stay lonely 💔

    • @SmellyVinegaryBallzach
      @SmellyVinegaryBallzach 4 роки тому +15

      @@jhonatanalvarez05 Works in Disney, doesn't work in real life.

    • @TriGalaxy
      @TriGalaxy 4 роки тому +28

      J V not true! Me and my wife both live more frugally now that we get married, plus another income means more capital.

  • @jacobday3826
    @jacobday3826 4 роки тому +89

    My favourite financial advice is:
    Be too busy to spend money.
    So not only are you saving money by not spending it on useless crap, you're also working more and earning more.

  • @MoonBunny33
    @MoonBunny33 4 роки тому

    This is such great advice!

  • @kevinmoore9524
    @kevinmoore9524 Рік тому

    This is Helpful. Thank You

  • @xhauntedpassionx
    @xhauntedpassionx 4 роки тому +7

    Also: Only splurging every once in a while makes each splurge feel like a luxury, rather than "normal, everyday life". If you only buy one Starbucks latte a week, it tastes so much better and brings you more happiness than if you bought one every morning. I'm trying to use this same mentality to cut back on drinking wine lol (the cheap $10 bottles really start to add up).

    • @RealLifeMoney
      @RealLifeMoney 4 роки тому +1

      xhauntedpassionx This could strangely work lol. We have to miss things for a bit to appreciate them when we do get them again 🤣

  • @ZacharyLaid
    @ZacharyLaid 4 роки тому +60

    GPS law #1: eBay and Amazon always choose "Buy it Tomorrow" button instead of "Buy it Now"

    • @GrahamStephan
      @GrahamStephan  4 роки тому +5

      Hahaha they should have that button

    • @DrShonto
      @DrShonto 4 роки тому

      @ Graham Stephan…they do have that button...ADD TO CART!

  • @virginiajackson6643
    @virginiajackson6643 4 роки тому +2

    I have watched so many videos on tips to save etc but never heard of the ‘would you rather have the cash’ idea. Life changing advice, thank you!

    • @FearlessDreams
      @FearlessDreams 4 роки тому

      It's like pay yourself first. I even literally move the money from my card to my savings or investing account. That eliminates the rush of buying the shoes or whatever else I think about.

  • @graceElizabeth555
    @graceElizabeth555 Місяць тому

    This so good!!! Thank you

  • @ivanmarkovic3520
    @ivanmarkovic3520 4 роки тому +4

    Awesome info. For me it was hard to save due to “feel good” spending aka wasting money to dodge reality-being unhappy. But ironically I think I was unhappy because I had no savings.

  • @pawsnotclaws2772
    @pawsnotclaws2772 4 роки тому +3

    These are amazing tips!!!! Wow

  • @AlejandraViridiana
    @AlejandraViridiana 3 роки тому

    I enjoy every single one of your videos, they’ve kept me on the positive side ! 💯👌🏼🤓

  • @infinitrends2693
    @infinitrends2693 4 роки тому

    Your videos are gold! 😍❤️

  • @NoLimits316
    @NoLimits316 4 роки тому +3

    This was a great video that shows, not everything is a need but a want

  • @robert_iacob
    @robert_iacob 4 роки тому +144

    It’s easy. buy low sell high and get that bread

  • @garypaulmartin
    @garypaulmartin 3 роки тому

    Thank you so much for your videos, you are truly changing my mind set. I must and on a daily basis I can watch every single dollar I spend.

  • @andrewmurray6542
    @andrewmurray6542 3 роки тому

    This video really hit home for me! Good stuff Graham

  • @Bigfoot_With_Internet_Access
    @Bigfoot_With_Internet_Access 4 роки тому +80

    I'm a bigfoot, so I don't even really have money to worry about saving.

  • @schizophrenicprojection5126
    @schizophrenicprojection5126 4 роки тому +6

    When I go “shopping” I go through the cart at the end before I hit the cash register. Usually only get 10%

  • @DanielHouckThe6thDanHouck
    @DanielHouckThe6thDanHouck 4 роки тому

    Window shopping is where it's at! I noticed long ago that my joy in shopping was in hunting out and anticipating the coolest /most desirable stuff. The key is hunting down and researching stuff you actually could buy. Obsessing over huge ticket stuff well out of reach is unproductive.