What is your best financial life hack?
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Just drink water
dont buy NFTs
Ask for small bills only, no dye packs or silent alarms
Automate your savings to pay yourself first.
Don’t spend money you don’t have! It’s a revolutionary concept, I know, but it really works wonders.
Don’t buy anything on your credit card you can’t pay it off on the same day.
Mainly always maxing out my Roth IRA. I feel like not enough people do this.
Win the lottery as much as possible.
Spend all your money.
Inherit money from others. I know so many people who have this as their plan. They work shit jobs and have no money of their own, but give me tons of financial advice.
Every time you get a raise, hide it. Increase your 401(k) contribution, or put it into an IRA, or invest in stock, or just put it aside in savings.
In other words, don’t get used to a higher level of consumption. This is especially important when you’re young.
Banks are not your financial advisors, don’t take their advices. They are a business and think about their profit.
Use the library for books, CDs, DVDs, and audio books.
Stop using VIP escorts and go with the cheaper ones on Craigslist.
Wearing a condom every time I have sex.
Granted, it comes out to about a dollar for each one, but having a kid seems way more expensive.
Don’t let your bank account reach 0$
Stop eating avocado toast
Being single with no kids is the easiest way to double your standard of living.
If you cut a 100 dollar bill in half you get 200 dollars
Don’t spend $10 everyday on a pumpkin spice latte
Not sure it applies so much today, but my wife used to overstate checks written and understate deposits to the nearest 10 in her check register.
So if she had a check for 16.75, she recorded it at 20.00
And if she had a deposit of 16.75 she recorded it at 10.00
Then every year she would true up the balances in her checkbook. She would have a few hundred more than expected, and this would pretty much assure she wouldn’t bounce any checks.
Buy stocks instead of saving. You have very little to lose and a LOT to gain.
Avoid credit cards! No excuses!
Tatusimisntasuperstar got herpes from his dog and is butthurt over it lol
Don’t get a credit card, borrowing someone else’s money at 20% interest is a bad move, don’t be on the wrong side of compound interest. Trust me, don’t borrow, save.
Budget properly, put away a set amount of money you can’t use and move it to a dedicated account so you’re not tempted to use it. I did that with an account and it’s not in the 6 figures after 10 years
A bit lame/dated probably but get cash out once a week and only spend that amount. I started doing it years ago when I drank a few times a week at uni. I’d be getting cashback at the bar every other hour and spending like mad. Instead I’d just withdraw a reasonable amount when sober and leave cash card at home. I still do this to this day even though I quit drinking a few years ago. I get out a set amount and just leave the cards at home.
no hacks..just go to work and stop doing drugs
I believe it was the wrestler Dusty Rhodes that said, “Two can eat as cheaply as one, if one don’t eat.”.
Bootstraps. Just pull yourself up by the bootstraps. I work two jobs and was able to afford a $750,990 house. Like Dave Ramsey says lower your expectations. Why are you drinking Starbucks when you can make a good cup of coffee right at home? Take that Starbucks money and put it into Management of Portfolio fund and in 3 years at 8% you can invest in a home. /s
Use your credit card the day after the closing date. You save a whole month on interest.
I like to not spend $10 bills, whenever I get a $10 I just save it and once it gets up to $500 I deposit in the bank and buy something nice with $250 of it and save $250 of it.
Make an actual budget and stick to it
Minimize your fixed costs. Before you spend, get in the habit of asking if the purchase will increase your well-being or if it is an impulsive buy.
Don’t buy shit you don’t need.
dont buy dumb shit u dont NEED
It’s not how much you make, it’s how much you save.
If you are good at sometime – don’t do it for free.
I can plant gardens and mulch them. It’s relaxing, fun, easy and rewarding. Some people want a nice garden with edges and mulch. Takes me a few minutes to pick out some perrenials, and order them, with a bulk load of mulch and soil. I can drive it to a house, unload, cut out a garden and install the new one within a few hours, then go to a spot and unload to scrap I dug out (grass usually).
I did this for free for a buddy. His neighbour wanted the same, and I said we could do it. They paid me $500 for a few hours labour and the materials. Now I charge $500 and walk away with $350 profit for a few hours, for the same work I was doing for fun on Sunday mornings.
If you’re just starting out or are in bad shape, read The Automatic Millionaire. Then build from there.
Learn to invest Asap. I will transform your life when you have a median or above income.
cook my own meals….not eat out
When you have a partner and share finances, but you have different styles of managing money, it’s a good idea to keep separate accounts.
When my wife and I got married, we agreed that any expense over a certain amount, we would have to discuss and agree to. That amount is fairly low.
Low-fee market index funds are the best investment.
When you are considering a purchase, give yourself at least 24 hours, if possible, before pulling the trigger.
Go to free workshops or presentations offered at your college. Most have free food. I ate pizza for weeks just be going to Windows 95 presentations years ago.