How To Save $10,000 FAST

The YouTube Creator Academy:

HOW TO SAVE $10,000 FAST:

1. Break Down The Timeframe
There's a problem if you tell yourself: “I just want to save $10,000 as fast as possible” - in that case, the deadline is INDEFINITE - so, it helps to have a REALISTIC timeline of when you want to accomplish your goal.

2. Start Right Now
You have the MOST momentum when you’re initially excited about the idea of trying something new; within about a day, that excitement wears off and you’re stuck with the reality that your entire life has been one giant procrastination. So start immediately!

3. Create A Budget
All of you need to do is make a free account with a money-tracking platform where they aggregate all of your accounts and credit cards into one interface. From there, you can see exactly how much money is going in - and OUT - every single day, in real-time.

4. Reduce Spending
You'll quickly begin to see that there's a LOT of discretionary income you don't need to spend, at all. Find out what those items are, and learn new ways to cut back or save the difference.

5. Pay Yourself First
With this, you’ll AUTOMATICALLY “pay yourself” a certain amount of money, right off the top, and then you’re free to spend whatever is left. Doing this ensures that you'll always have money left over each month.

6. Here are practical ways you can cut back:

Housing: Perhaps you’d be able to rent out a bedroom. Maybe you’d be able to ask your landlord for a reduction in rent - or, look into moving to a less expensive area when your lease is up. If you own a home, look into shopping around for home insurance, make sure to adjust the thermostat to save money when you don’t need it, reduce water usage, you have a TON of ways to reduce costs here, and - by implementing a few of these…you should be able to AT LEAST save an extra $10 per day.

Transportation: Most cars hit their “peak depreciation” around year 6-7 - so, use that to your advantage, because then you’ll be able to recoup as much value as possible throughout your ownership.

Taxes: It's more important than ever to make sure that you have, at least, a BASIC UNDERSTANDING of how the tax system works so that you can fully utilize every single resource that’s designed to help you keep more money.

Food: STOP ALL LAZY SPENDING. Don’t order Starbucks when you can just as easily make it at home. Don’t Postmates meals when you have food available in the refrigerator. By doing this, EVEN if you’re able to save just an extra $3 per day - it really begins to add up.

Debt Repayment: It’s said that the AVERAGE American has $5700 worth of credit card debt at an average of a 24% interest rate - which means, that’s $114 wasted - each and every month - that you aren’t paying off your bill, in full.

Apparel: Americans are spending, on average, $133 per month on clothing. If that’s accurate, stop shopping, or cut down your clothing budget by HALF.

7. Get a Side Hustle
If you’re not willing to cut back on your spending, and you don’t want to save pennies while eating beans and rice every night - the fact is, you gotta make more money…and the fastest way to do that is by working more hours.

My ENTIRE Camera and Recording Equipment:

[Originaltuber]

once you start saving it is addictive seeing the money go up and up.

[ChristopherAbelman]

With Market tumbling, Inflation Soaring, Is the stock market actually getting better or could this be the regular new year market manipulation to entice new investors? I'm currently sitting on $500k inheritance and just wondering what better assets than stocks to invest in right now

[jeremygood]

When you invest, you're buying a day you don't have to work

[alexsteven.m]

I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?

[RedPilledFit]

Ask the landlord for a reduction in rent? 😂😂😂😂😂 yea right.

[johnben]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[badgerresistance]

Basically cut off instant self gratification for long term gratification.

[ossqgtc]

I do save exactly around 10K€ a year just quiting alcohol (daily drinking) here in Finland.

[georginacarolynsussewell]

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

[cp]

Some good tips. A book that helped me out a lot in terms of saving a lot of money fast is: “Save or Slave: How to Save Money Like your Freedom Depends on It”

[DrZbo]

Graham explains how to fix your mindset without resorting to being insulting or abusive. It’s a healthy approach to improving your behavior. No alpha BS.

[mckenziedemello]

It's tough when you know that you are already doing all the right things, couponing, living in a freezing or hot house depending on the season to not use extra power, don't spend anything on yourself and budget and track every dollar that comes in and out. When expenses keep going up and there just isn't enough money coming in, you will never get ahead. There are only so many hours you can work in a week.

[cyyylas]

Lifestyle inflation is the real probleme here

[Influxive]

Love these kinds of videos! Please make more basic financial videos!

[theforeignerinamerica]

Be frugal, always think about $$, and be a saver

[retiredk]

Gave up eating out and my morning coffee habit each day… what a savings.

[hillaryvasquez]

I don't know who needs to hear this saving for a better investment is a step to financial freedom you're saving a day off work

[StopBeingSoldMedia]

Saving money is an important goal, and breaking it down into smaller, actionable steps can make it more achievable. Starting right away and tracking your expenses through budgeting can help you identify areas where you can cut back and save. Additionally, looking for cheaper alternatives for common expenses, such as car insurance or internet and cell phone bills, can help you save money without drastically changing your lifestyle. Remember, saving money can have a more significant impact on your finances than earning more. What are some specific expenses or areas in a budget where you think we could potentially cut back and save money?

[ColdWindPhoenix]

It's interesting to see all the things that are on that list that I have already done realizing that I'm that much above average. I'm sure I could optimize more and a budget app would probably help a lot. However, I am probably already halfway through that list all on my own.

Either way, truly a great list, thank you for all you do.

[Courtney-Alice-Gargani]

When people want to save money, they end up putting it off. And they say this is the last thing I will buy. But they continue buying things. Budgeting is the easy part following through is the hard part. Great advice. Let’s see if people will follow through