7 Things I Stopped Buying to Make More Money

I’m in a financially good spot and it’s all thanks to autopilot spending habits I’ve cut out of my life. This way, the money that I save can actually work for me when I invest it in the stock market or put it back into my own business. In today's video, I go over 7 things I stopped buying to make more money.

00:00 Intro
00:15 #1 - New Car
00:45 #2 - Souvenirs
01:27 #3 - Unnecessary Luxuries
02:04 #4 - Fast Fashion
02:44 #5 - New Releases
03:38 #6 - Quick Fixes
04:39 #7 - Choose Your Vices
05:06 My Criteria for Spending

Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for advice related to your specific situation.
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WHO AM I:
Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, Gabrielle worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, advising Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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[digitraxanr]

Thank you for this informative video. Being retired from the motion picture industry, I am fortunate to have some passive income. However, Gabrielle's videos help me save money that can be used for things that are more fun. 😊

[musicsensei]

You absolutely speak my language, Gabrielle! Glad to hear someone shares the same principles and values.

[hooshangmaster]

just fyi you could rent almost any car on turo for a couple of days for like 3-400 bucks to satiate your curiosity. Also fast fashion exists to allow you to experiment with certain looks/styles without sinking in a ton of money. for example back in 2013 i was into rick owens but tried out cheap brands like allsaints, and random tees on urban outfitters. only wore those clothes like 10 times. I think we all go through phases and the only way to learn is to make those mistakes to help us realize what's wrong.

[cerebrumexcrement]

very informative. i think im practical in my spending habits. my vice is im a lazy cook and i always want to eat something good. i wish i lived in a more walkable city. because everything is far from me, i tend to order food delivery which can really add up. when i traveled to tokyo, i actually spent less on food even though i ate out 1-2x per day.

[Heihei_In_Paris]

Great video as always, Gabrielle. Watching your videos is so much fun whilst learning the best practice of personal finance :)

[kyuchangjo]

Thanks for reminding about the souvenirs 😊 I will try not to buy in my July trip.

[brianhill]

good common sense tips. I fall into the category of buying new cars. I keep saying I wont; do it again but end up doing it because I like the latest gadgets on cars. I like to buy a plug in to do my part on the environment but man they are expensive. i will keep my 2017 CRV and just drive it to the ground .

[sauravlahiry]

hi sis, ur videos are so informative and enlightening.

[BlackHand]

When it comes to tech, audio equipment tend to be the ones that keep their value the most. Every other piece of tech get out dated within a year.

That being said, always buy an old top tier model before, buying a new budget model. They're usually built better to last longer.

[farzadabdolhosseini]

I feel like this is all just common sense, but I'm always baffled by how different people usually think.

On fast fashion though: I seriously haven't found any brand that lasts long, but maybe I haven't been looking for long and I need to learn about the materials more.

[blackgrandpa]

Thanks Gabi for another informative video🎉

[van-mfzn]

good video. What if used cars cost as much as new cars?

[sobeso]

With tech new releases it can be tricky these days, it could depend more on the person actual use case

[nurseuniceRN]

Omg. I also want to buy a JEEP!😂 But yeah, as cool as it looks, I don't think I'll be using it frequently *for now, but let's see.

[mohammedosman]

Thanks for your video. You are very smart and very pretty 🌹

[mesuterturk]

i guess something wrong with me i am not doing any of this but i am still broke 🙃🙃

[hwangsta]

Golf retreats aren't worth it??? ERRONEOUS!!!

[enkadude]

Buy No Name potato chips as they taste the same!

[hotchinahk]

I think we will get on well together, it is not how much money you make yearly, it is how much money you save yearly, if simple life make you happy, just be happy🙂

[lucristianx]

I need a map because I got lost in your eyes