How to Double Your Savings

👨🏻‍💻Accounts and Platforms I Use:

📚My Course on How to Learn Basic Personal Finance and Independence (Highly Rated):

The links above are either affiliate or referral links meaning I receive compensation from their use. By signing up using these links you can help support my channel.

Business Inquiries:

Steve Antonioni is not a financial advisor and nothing in this video should be construed as investment advice.

[tatianastarcic]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April last year alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun.

[AllTheArtsy]

The only thing a budget *really* needs is:
1) savings
2) fixed expenses
That's it. Take out the amount you want saved first— pay yourself first. And then non-negotiables: rent, insurance, debt payment, etc. After that, everything is up for grabs. It literally doesn't matter. As long as you get your savings/investment goal covered as well as fixed expenses, don't sweat the small stuff.

[Socrates...]

a much simpler way is to divide your expenses between fixed and variable expenses. The variable expenses you review monthly and the fixed expenses you review quarterly and especially for example when your internet charges go up or contract ends etc.

[Nishinga.]

I'm brand new to budgeting and have been feeling really overwhelmed with figuring out where to start. This video has alleviated so much of that anxiety and helped me find my footing in order to build that solid foundation I need to get started. Thank you man, it's greatly appreciated!

[HokyShmokes]

Coming back to this video to say the title is inaccurate. I've been using this since July 2022, and I actually tripled my savings 😁 I adapted my own version of this method and I'm not exaggerating when I say it changed my life. I evangelize it to others whenever I can. thank you very much mr stephen

[ramonfred]

I believe in in vestments over savings all day any day and when it comes to in vestment, diversification is key. That is why I have my interests set on key sectors based on projected performance and growth. They range from the EV sector, renewable energy, Tech and Health.

[kingvamp-sbff]

As a financial advisor I strategise my budget by paying all my non negotiables first; such as rent, bills, travel money etc. I then have a leisure budget (socialising, drinks, etc) I keep this to a minimal, but not so strapped that I can't have fun. I then put 80% into various ETF's that give me long projected growth. I then invest the other 20% into the stock market, sometimes I don't invest all of it and then put the remaining into my ETF's. I never let money just sit around in my bank account, apart from a set amount for emergencies that I need to access quickly.

[EMAZINGERIK]

the only person I know that can get away with a cooking video in a finance video 😂👌🏼

[DisneySleeve]

First video I’ve seen of yours and WOW. Super helpful and concise. Loved it!! And you have a nice voice especially Chef Toni 😜

[KevinCaicedoRomero]

I absolutely loved your video, thank you so much for doing it! you were really helpful to me

[NolanMatthias]

Steve! This is brilliant. The importance piece made my jaw drop. So smart!

[lucashazan]

I really appreciate this video - this was huge help in seeing things from a more full picture. Thank you!

[libbysworld]

New subbie. Great video. Right up my alley. I'm a spreadsheet maven for sure! Can't wait to binge your content.

[hockysa]

this was a great breakdown. simple rule I've been trying to follow at the moment was essentially, stop spending money on shit that doesn't make you happy.

[brianwhitehawker]

Is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.

[psrkives]

I would love to do this but, I live in the Philippines. I work for an outsourcing company that has US clients and I get paid about $350-375 a month, only get paid to survive. It's pretty hard to do when you work for a salary that only lets you live day to day.

[Sahidable]

Another easy way to save money on eating out is AVOID UBER EATS. The price is insane vs using the restaurants' in-house delivery (depending on the place), or picking it up yourself. Each food item is almost always marked up, plus delivery fees, plus service fees, etc. I personally did some comparisons and a restaurant near Vaughan Mills (a 10 min round trip from my condo) was $20 more expensive via uber eats vs me driving. And pizza places? Absolutely a waste to use uber eats instead of their own delivery drivers.

Obviously cook your food yourself when you can to save the most money.

[louiem]

Sent here by DTM and really enjoyed the video👍

[GunnCon]

Really helpful video, making the sheet as we speak👍🏼

[chrismellon]

Love this! got the spreadsheet set up & ready to go! Gr8 tips!