These are my top 10 BEST Frugal Life Hacks to Save as much money as possible – so that way, you have more money left over to invest – Enjoy! Add me on Instagram: GPStephan
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FIRST: TRAVELING FOR FREE USING CREDIT CARD CHURNING POINTS
Credit cards will offer โpointsโ or โsign up bonusesโ when you meet a minimum requirement. Those points can be used towards free travel, free hotels, or sometimes PROFIT back in your bank accountโฆtherefore, if you know how to do this PROPERLY, you might NEVER have to pay for another vacation, hotel, or plane ticket – EVER AGAIN. Resources: NerdWallet – ThePointsGuy – AskSebby – TheCreditShifu
SECOND: REVERSE IMAGE SEARCH EVERYTHING YOU BUY ONLINE
Most online retailers get their products from the exactly same source, but some charge WAY more money than others just because they have a big name or a fancy website behind them. When you find something you want to click, just right click and โsearch google for this image.โ All of a sudden, every website containing that same image will pop up – and that will allow you to click through and find the same item listed for cheaper somewhere else.
THIRD: DONโT BUY SOMETHING JUST BECAUSE ITโS ON SALE.
You’re not saving money just because it’s discounted – at the end of the day, you’re still spending. Most people wind up focusing MORE on how much they saved rather than how much they spentโฆwhen, in reality, focusing on how much you SPEND is what matters the most.
FOURTH: POSTPONE ALL PURCHASES BY 72 HOURS
This one is really just about cutting down on impulse purchases that you make without really thinking about it. If thereโs something you want, just wait 72 hours to buy it. After that, if you still want it, AND youโve found the cheapest place you can get itโฆthen go for it.
FIFTH: ONLY DRINK WATER
Not only is this cheaper for you – but itโs also HEALTHIER for you. There have been SO MANY STUDIES conducted on the health risks of drinking sugary drinks and sodas and how they effect you. Just regular filtered tap water is good enough!
SIXTH: ALWAYS MAKE YOUR OWN COFFEE: https://youtu.be/tvL4FF2lMnw
The average American spends $1100 PER YEAR on coffee..and more than 45% of 18-23 year olds have spent MORE MONEY ON COFFEE than they have on their retirement, and 35% of 24-35 year olds have done the same. I always make coffee at home!
SEVENTH: I ALWAYS BUY GENERIC BRAND ITEMS.
A LOT of big brands source their product from the EXACT same places that supply the more expensive, name brand items. For example, Kirlkand Signature Coffee is roasted at the Starbucks Coffee Company. Kirland batteries are actually made by Duracell.
EIGTH: NEGOTIATE CAR INSURANCE RATES
Iโve personally saved over $100 per month by shopping around car insurance rates, moving from AAAโฆto Giecoโฆto Mercuryโฆand now, Iโm with Tesla Auto Insurance.
NINTH: EAT DURING HAPPY HOUR
The earlier or later it is, the less busy restaurants areโฆand, most of them try to fill this empty space by offering a โhappy hourโ with discounted food. Now, this is a fantastic option for you to capitalize on this and save the money just by finding places with good happy hour menus, and showing up to eat a bit earlier.
TENTH: THINK: WHAT’S THE FUTURE VALUE?
For example, instead of spending $100 on a pair of shoes TODAYโฆthat could be worth $1478 in 35 years if itโs invested at an 8% return. Or, spending $300 per month leasing a car every year could ACTUALLY be worth $723,000 in future money if you just invested it during that same timeframe. When you begin putting things in THAT perspective, you begin to realize that every dollar you spend TODAY is really worth $14 in the future.
HONORABLE MENTIONS: Watch the video ๐
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
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Great video!
I saved a bunch a money on car insurance by switching into reverse and leaving the scene
Algorithm helped!! Thanks Gram!!
Great video.
I do shoe hacking. I buy really underpriced used expansive shoes (expansive shoes hold long if you know what to look at) on the bottom of their price deprivation curve. I take care of them (a bit of conditioning and a polish) I wear them and when I get bored of them I usually sell them with profit. I recently turned it into a side hustle when I look for good deals on shoes, renovate them and flip them with usually over 200% profit.
@7:41 I thought the mouse cursor was a smudge on my phone.. Picked at it with my finger ๐
Thanks!
The wait 72h is really efficient. But add the article in your online basket. A lot of websites, including Zalando, will send you a discount to get you back.
beans, rice and water
Dont Get Bad Debt
don't go to collage! get minimum wage and start investing asap then work up the ladder and/or start your own business retire early
Just came from your most recent video that was uploaded and wanted to request for a video that covers the "down payment gift" from family that doesn't need to be 20% down on your home. I'd like pros and cons why one should and shouldn't do it etc.
Grant, I am a 26 year old investor and your ability to articulate the trade-offs of some of these things is next to none – while admittedly it's nothing groundbreaking (not trying to sound condescending) it is succinct, logical, and actionable. You even poke some holes in your own advice which anyone should appreciate greatly! Time to smash the like and sub….
Just use honey
11. Live in Bulgaria. Work somewhere else.
Graham is on Starbucks Most Wanted List !
I never knew I needed a custom Nicolas Cage pillowcase cover until I watched this video.
Youโre disgusting. Dasani is awesome
I'm so cheap, I still use the $10 coffee maker I bought 10 years ago.
Claim your โhere before 1 million viewsโ ticket ๐ซ
Claim your โhere before 1 million viewsโ ticket ๐ซ
I already do all of the above plus more, except the coffee part (I spend about $500 a year on coffee so it's OK I think) … Keep making these videos please they're super helpful!
7:52 My dad hates me for thinking credit cards could actually be useful- but even more so that I think Dasani tastes terrible. Guess what dad? This millionaire agrees with me here.
Youโre a psychopath but we love you.
Waiting to buying something for 72 hours is a good one. Will start using this immediately bc I am a sucker for impulse purchases. Solid list!
Dave Ramsey says it best credit cards are like cigarettes just because it doesnโt kill everyone doesnโt mean he still recommends it. If you really have no self-control stay away from credit cards. If youโre very detailed, budget, track your expenses then credit cards are your friend.
I have an extra tip, rob banks!
Totally needed to see this โค๏ธ
I totally agree!!!!!! except that bounty paper towels and angel soft toilet paper will never be comparable to anything that Walmart produces ๐คฃ๐คฃ๐คฃ
Always drink water –> Make your own coffee
I sometimes donโt buy toilet paper to save money. I just bend over in the shower. But my water bill goes up a few dollars here and there because of it. Weighing my options, you know.
1. Travel for free using credit card points 1:18
2. Reverse image search everything you buy online 2:57
3. Donโt buy something just because itโs on sale 4:00
4. Postpone anything youโre about to buy for 72 hours 5:32
5. Only drink water 7:09
6. Make coffee at home 8:07
7. Always buy generic brand 9:07
8. Negotiate car insurance rates 9:56
9. Go to restaurants during happy hour or only get appetizers when eating out 11:00
10. Ask yourself what is the future value before you buy something 12:04
this summer I was in the middle of a home remodel which required me to update my furnace. the furnace cost $4000 which just so happened to be the required purchase to get the sign on bonus for the Chase Sapphire Preferred. unknown to me though, the contractors didn't mention during the bid that they only allowed 1500 of that to be put on a credit card so I didn't get the value I wanted but it helped get me enough to meet 4k in 3 months. glad I found Credit Shifu around the time I started on my remodel. I was always raised to think credit cards were the worst idea ever, I never knew you didn't have to pay interest as long as you paid off on time.
8. You have a car??? I traded in mine for rice and beans and invested the difference! Noobs!
Don't own a car. Ride a bike.
Hi Graham, on Credit Card churning, do you keep the recently approved credit card after consuming the bonus points/cash? Because, if you cancel each card after spending those bonus offers, I believe it will be on closed accounts on the credit report.
I one upped you with the coffee. I didn't even buy a coffee Machine I make cold brew :). Appreciate the videos. I'm 31 and until a couple years ago I never thought about retirement or savings and litteraly had nothing invested or in any savings. But after watching you and a couple other people it really put me in the mind set of what I really want. I now have a nice emergency fund. A house which I never thought I would ever be able to do. And a nice amount in investments. I went from a truly aweful credit score of about 400 to just over 740. The only debt that I have is a mortgage payment which I got at a 3.8% interest rate on a 30 year mortgage. Its not unrealistic to say that if you and others like you didn't make videos like this I wouldn't be where I am today. And for that I am eternally thankfull.
Like you said: Buying what you actually need (food, toiletries, products for work etc) that happen to be on sale is actually saving money, not the 72โ tv that happens to be on sale to replace your existing 65โ tv thatโs still good.
Yeah what's the point of having money to never enjoy it?
I only buy clothes from secondhand stores like Goodwill or else in the clearance section of the store. Especially scrubs I wear for work.
Wow just trade with CONTAGIONN on telegram just now and I get fresh cc with high balance in it thanks man
Eat leftovers
Buy things you use frequently in bulk
what do you MEAN i donโt need a nicolas cage pillowcase?!?
Learn to do your own vehicle repairs & basic maintenance! Can save tons!
lmao the only reason i wait 72 hours is bc im broke not bc im tryna be fiscally responsible
I really think big companies must hate you and your tips ๐ Thanks ๐