8.5 Money Saving Tips to Effortlessly Save $10K FAST

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⌚️Timestamps:
0:00 Start here
0:13 Money Saving Tip 1
1:09 Money Saving Tip 2
2:36 Money Saving Tip 3
3:38 Money Saving Tip 4
5:39 Money Saving Tip 5
7:36 Money Saving Tip 6
9:08 Money Saving Tip 7
10:27 Money Saving Tip 8
11:59 Money Saving Tip 8.5
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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.

Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

[Niafunn]

I really like the emergency fund concept. No one is ever clear where one should fall on the 3-6 months or 3-12 months people say sometimes. I know it’s personal but it is good to have a defined breakdown to psychologically switch to investing instead of saving.

[alarud]

coffee machine example - you forgot to include the most important - coffee beans cost to your calculation -)))

[johnl]

I will still going to get the $1.25 jeans at Dollar Tree, if it fall apart I still able to get 48 more jeans from Dollar Tree with that $60. I am cheap and I start to like myself lately seeing my saving grow. From a guy used to living paycheck to paycheck.

[kjmav]

Vincent, please do an updated strategy for car buying. Used car prices have gone out of control. You also have to add in the life of a 10-year-old car that is only, maybe, three or four thousand less than a new car. I think the wisdom about used cars being a better deal has really, really changed since the pandemic.

[lianalonge]

I save 36-42% ($1, 200-$1, 400) & $2, 500 twice per year (or 74%) of my biweekly pay by keeping a zero-based budget. I maxed out my retirement contributions 9 years ago.

[zacharyrodriguez]

Vincent thank you, I have been watching your content extensively for close to a year now. I'm 18 and now officially have a little over 10k between my savings and investing account, despite only working part-time not making much, and being a full-time college student, you have helped me set myself up for the future and even buy myself a car outright. I even made my own spreadsheet to track my money with heavy inspiration from yours. Keep up the Good work!

[cyrineagor]

Loving the concept of true cost rule where buying things/experience that bring me joy would always be worth every dollar.

[gamereditorner]

0:41 : Interesting..🤔 Substitute the amount to equal the value of food or small items. If I substitute the price of cold brew, which I make my own instead of buying in the store or Starbucks, then I can use this method of figure it out want is worth or not. Thank you!

Edit: At 2:52, I have that book, and I will look into it this next week.

[jahkimgary]

my brother i didnt know dollar general had pants for a dollar gotta check that out lol

[Niafunn]

The coffee example is flawed because you still have to buy the premium ingredients for the coffee….. but I get the point.

[joshraphaelbatusin]

*Amazing video, you work for 4Oyrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[DaDrUnKenGaMeR]

As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Sandy Barclays’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 732k. Kudos to the journey ahead!

[XRNATR]

Been listening to your content for a while! Keep up the good work!

[trackee]

2:50 you didn’t factor in the cost of the coffee beans and milk?

[foodlover]

Costco sales, clearances at TJMAXX are good places. There are great food items at the TJMAXX stores. I love all their seasonings. They are basically William and Sonoma for a tenth of the price.

[evanleemiller]

I only buy something if I’m thinking about it a week later.

[shi.budgets]

Similar to your pineapple pizza rule, when i spend money i like to think of it as hours worked. Say im paid $20 an hour and a candle stick is $60, would i go to work for 3 hours for that candle stick? Its a great tool

[kjmav]

I wish I were half my age, listening to this! I would have so much more to retire on.

[me]

This whole video can be boiled down to two words: "Opportunity Cost", which is probably the first thing you learn in any econ class, even before supply and demand.

[Wealth-Frontier]

Very interesting video. You brought up some interesting points!