according to a recent survey of American
workers nearly 80% of people say that
they're living paycheck-to-paycheck
meaning if there was ever any sort of
emergency people would be unable to pay
for their basic expenses like food rent
is it is preventable according to a
different study people are actually
saving less and less of their total
income every year and as of 2019
the average American is saving less than
five percent of their total income this
is all preventable if you understand how
to do it and so in this video we're
gonna talk about the five ways to start
saving money fast and easily starting
now
all right guys first of all welcome to
the channel if you're new here make sure
you tap the little like and subscribe
button cuz we go over all the best ways
to not only save money but to make money
and live a happier and healthier life so
join the strongest family on YouTube by
smashing that little subscribe button
today we're gonna be talking about ways
to start saving money and I know that
might sound boring I know that might
sound like something you don't want to
do but trust me when I tell you that
when you start to see that balance in
your bank account growing it actually
gets addictive and it'll be fun and you
can actually start to turn that money
that you're saving into more money
passively that's how the economy works
you have to have money to make money in
a major way and so today we're gonna
break down at the top five tips that you
can start to use easily and immediately
to start saving money fast and now
starting with number five number five is
introducing a new way to think about
money instead of saying okay how much
does that Gucci jacket cost a hundred
dollars think about it like this how
many hours does it cost right so if you
make ten dollars an hour then that Gucci
jacket doesn't cost a hundred dollars it
costs ten hours of your life and when
you start to think about new purchases
and products and things that you're
gonna potentially spend money on as
hours of your life it really puts things
into perspective and the truth is we all
have a very limited amount of time on
this earth and time is the most valuable
resource so the next time you think
about buying that brand new Gucci jacket
to look lit in front of your friends
think about it like this is it really
worth 10 hours of your life a hundred
hours of your life to actually buy that
material thing that you may or may not
ever even actually
yes when I was younger I actually took
this one step further instead of
thinking about new purchases in terms of
time I would literally think of new
purchases as Chipotle when you realize
that that brand new couch jacket that
you've been wanting cost a hundred
burritos or literally feeding you for
almost half of a year all of a sudden it
that new Gucci jacket doesn't quite
sound as litte number four is called
reframing your earnings if you make a
thousand dollars or ten thousand dollars
per month automatically take 20% off of
the amount that you bring home and save
that immediately and then make all of
your you know new calculations and
assumptions about how much money that
you have to spend on travel on food on
fun things on clothes on on every
anything that you want to buy make those
assumptions of 80 percent of what you
actually earned rather than 100 percent
and that's going to allow you to kind of
reframe how you think about things this
will help limit your impulse buys right
there's a lot of studies out there that
show that you know you literally get
dopamine released in your brain when you
think about buying new things but
there's also studies that show that
actually buying new things does not make
you as happy as thinking about buying
new things and so my advice would be
always sleep on it when a new impulse
buy is coming up sleep on it and then
tomorrow if you still want it and you've
thought it through then go out and
actually buy that Gucci jacket to your
heart's content as long as it fits into
your 80% budget of your take-home and
then enjoy that Gucci jacket like it's
the last Gucci jacket on earth number
three I like to call the cash equivalent
and what I mean by the cash equivalent
is when you have the opportunity to buy
some brand new thing think about it like
this if Bill Gates came through kicked
open your front door and had the thing
that you wanted to buy or you take $700
in cash or whatever the actual cash
equivalent of a Jew a Gucci jacket is I
have no idea
I wear Atari shirts so if you'd rather
have the cash from uncle Billy G then
you'd rather keep the cash rather than
spending it on that brand new Gucci
jacket
number two is stache yo savings think
about yourself like a squirrel storing
nuts for the long winter except you're
not a squirrel you're a human and you're
not storing nuts you're storing your
money in a savings account the reason
that I'm making squirrels metaphors is
because I want you to actually remember
and implement and do this stuff and so
when you set aside that 20 percent that
you're saving every single month don't
leave it in the same
account that is where you spend all your
money take that 20% of the money and
stash it away in a savings account that
you never use you never touch you never
think about and the only time you take
money out of that savings account is to
make more money to invest that money
into index funds to invest that money
into an Amazon FBA business into Shopify
into a Facebook Ads account right into
creating your own digital course any
sort of online income don't touch that
money unless you're using it to make
more money and don't actually try to
make more money until you've learned how
to from a mentor who's actually done
what you want to do and the number one
best way to actually start saving money
fast and easily right now we will get to
in one second but really quick I do want
to give a shout out to our daily comment
winner Josh Cruz who says Kevin David is
an amazing teacher Kevin if you're not
using Amazon but making one product
stores would you ditch Shopify and just
use clickfunnels so I would not ever use
clickfunnels yet for physical product
businesses it's just not designed for
that Shopify is so much more sleek and
refined for physical product businesses
I would just use a one product theme on
Shopify such as jump start which is
completely free and I would create my
store based around that rather than
using a click files and if this sounds
like you have no idea what I'm talking
about
make sure you tap a little subscribe
button and check out all my other videos
because we teach you such amazing ways
to make money but it's up to you to
actually go research and implement that
stuff without further ado the number one
best way to actually start saving money
fast and easily right now is thinking
about things in terms of opportunity
costs because every time that you spend
your hard-earned money you're actually
losing a lot more money than you
actually think and let me explain you're
not actually spending five hundred
dollars you're spending the opportunity
cost of what you could have made by
investing that money and watching it
appreciate five to ten x over the course
of just a few short years and so instead
of actually spending five hundred
dollars on those ugly Gucci shoes you
could be spending five thousand dollars
via the opportunity cost that you lose
by not investing that same amount of
money into an income generator and so if
you're just starting out and you want to
learn how to actually make a thousand
dollars with zero money to get started
then check out this video
right here where we teach you how to do
exactly that make a thousand bucks with
zero money to start sounds hard to
believe I'll prove it
see you there and so literally all you
have to do is take this part to me
already know as far see 898 percent
increase right six thousand two hundred
and seventy six orders and it's an
interesting looking product all you have
to do
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