How To Cut Your Expenses By 50%

I’ll show you how to save about 50% of all the money you make. This video is not for everyone, because everyone pretty much saves less than 10%, so you if you want to join the club its going to cost you. 💲Patreon Exclusive💲 https://www.patreon.com/tommybryson 😎Call Me😎: https://bit.ly/30IBr0i 😎Second Channel😎: https://bit.ly/3c4sVPS 👨🏽‍💻Financial Freedom Course👨🏽‍💻$100 OFF CODE: LONGTERM Link: https://longtermteam.teachable.com/p/financial-freedom-steps-from-nothing-to-freedom 1. Remove Everything you don’t need - Take a look at your bank account over the last 30-60 days - Categories all your transactions like this, Shelter, utilities, groceries, and transportation - Anything that falls outside of that, add it all up, and divide it by your monthly income Get that number as low as possible: - If these add up to $500 a month - And you make $4000 a month - That’s 12.5% of your income, may not seem like a lot But look at it like this: - If you make 20 bucks an hour - That’s 25 hours of your time being spent on garbage you don’t need - Or 1Million dollars compounded over 30 years at 10% 2. Optimize the stuff you need - As a person, I am a hypocrite sometimes - I need a car but I don’t need a $40,000 dollar truck - I need a phone but I don’t need a $1000 dollar phone - Point is, needing something doesn’t mean you spend a bunch of money and get an expensive version of it Housing: How do you save money on rent - Get a roommate ( this saves a friend of mine about $900 a month ) - Move to a cheaper location with a longer commute ( my aunt saved so much money she was able to buy a house ) - Move states ( this saved me about $1,000 living here in Dominican Republic) Utilities - Electricity, Gas, Water, Phone and internet for the most part - Don’t be an idiot and spend $1000 on getting new appliances that are low consumption ( do the math first and make sure it makes sense ) if the savings are in like 3-5 years I’m not doing it - I’m not buying 25k worth of solar panels to get my money back in 10 years - Phone bill: Find low-cost plans like Mint mobile - Internet: compare prices and no needs more than 100mbs usually - Phone itself: used and cash Groceries: - Eat at home 80-90% of the time and schedule your eatouts and budget - Get a menu, so you finally know what you’ll be eating - Meal prep to save money and time Transportation : - So many people spending $700 a month on a car payment complaining about how life is not fair - Sell those cars that you can't afford and pay cash for a car you can Tip: if you do this you’ll save a lot of money, maybe 30-50% but if you want to go future do this 3. Payoff Your debt and Schedule Fun - Debt is interest - Debt is leverage - The fastest you done paying this stuff off the faster you’ll be free While doing this: - Take 5-10% for fun - Better do this than have random time when you spend a lot of money * PRO TIP* INFORMATION IS EVERYTHING 💲Patreon Exclusive💲 https://www.patreon.com/tommybryson 👕Merch👕 https://teespring.com/stores/tommybryson ✅2 FREE AUDIOBOOKS✅ https://amzn.to/2Enayo8¬¬¬ 🎁ACORN FREE $5🎁 Link: https://acorns.com/invite/38EYSU ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) Link: https://amzn.to/2VGbxt9 👨🏽‍💻DISCORD PRIVATE GROUP👨🏽‍💻 https://discord.gg/EcZEHpA My Camera Gear: https://www.amazon.com/shop/tommybryson ✔ Help Us Reach 600,000 Subscribers: https://goo.gl/0wvm6w 😎All My Social Media😎 Link: https://linktr.ee/tommybryson --- 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.