I don’t know why more people don’t do this. But I can tell you how to save millions of dollars. Just two simple decisions.
If you are sure that you are not shelling out money heedlessly and you still end up with an exhausted bank balance by mid-month, you need to analyze your income vs expenditure.
“Americans don’t understand how insanely expensive it is to live in the U.S.,” Bobby said on my podcast. He sold everything he owned and left the country in 2009. Right after the market crashed. Now he works all over the world.
Being broke is temporary. But staying broke is an option.
Saving money is hard, no matter what your end goal is. But it is NOT impossible!
I’ve slowly taught myself a few tricks over this past year to save up as much as I can without even changing my life around that much at all.
You don’t need the latest fashion trends because when you’re in the outback in Australia, or in the jungle in Thailand, you really aren’t going to give a sh*t what you look like. And neither will anyone else.
In an effort to live as minimally and stress free as possible, I have begun focusing on quality over quantity, purging what I don’t need and only buying things when I need them, yet I still have failed sticking to a budget.
Here’s my challenge to you: this weekend, spend no money. That’s right – I challenge you to spend No. Money. At. All.*
It’s important to develop good financial habits from an early age, especially if you’ve just moved out of home and have started living the millennial lifestyle.