MONEY SAVING TIPS That Will Set You Apart (How to Save Money)

I'm going to jump straight into these four very simple money saving tips, and if you pay very close attention throughout this video, you're going to walk away with actionable steps to save more money than you ever have before in your entire life so that you and your family can live the life that you've always wanted to live

This is your first time checking out this channel. Hey, what's up? My name is Reggie Bryant, and this channel's all about personal finance and personal growth so you can better yourself every single day and live life on your own terms

On this channel, I'll talk about saving money, making more money, and getting out of debt. Let's get into this

Tip number one is stop waiting. My biggest issue with saving money is the fact that it feels like a big waiting game that never ends

When I first got started, I found myself in a seemingly endless loop of waiting for my next paycheck to come along just so I could save a few hundred dollars every month

And of course, majority of one of my two paychecks went straight towards bills, so I always felt like I was in an endless race against time

So I waited on opportunities like overtime, getting a raise at work or getting a promotion at work so I could make more money in order to save more money in the long run

And with that, I set goals for myself, which ironically led to more weighting

There's one problem with that. In the real world, overtime gets cut, and raises can take years to get

And they don't give you that much of a boost. So I guess technically three problems

So there I was setting goals for myself that would take years, hoping that I could get a 3 to 5% raise every single year

And that was a waiting game that never ended. You see how that endless loop starts

See, here's a fun fact about me. I don't like waiting. on anything. I can't stand it. To me, time is extremely valuable, and I especially don't like to

wait on other people. Like, if we're supposed to meet somewhere at 8 o'clock and you don't get there until 8.15, oh, I'm not going to be happy about my 15 minutes, man. That's why I prefer to do things

by myself anyways, but that's besides the point. Look, over the course of the past few years

I became a guy who takes matters into my own hands, and that's exactly what I did. Prime example

Two years went by, and I didn't get a merit increase, no raise, no nothing, despite getting

very high performance reviews. So you know what? I said, screw it, I'm going to give myself a raise

I set up the small business, which cost to me nothing to start, and it generated me hundreds

of dollars a month, and that was straight profit. I didn't have to pay for anything, right

And it was doing something that I loved doing ever since I was a kid, and that was drumming

And that led to several other ventures, and that ended up leading to this YouTube channel

right here, which is already generated over $1,000 within just a couple of months of being monetized

And what I learned from all that is, if you want to raise at work, you either have to wait

or ask and neither one of those guarantees a yes. I'm not the type of person to just leave my fate into the hands of another human being

And I'm definitely not the type of person to just wait indefinitely when I can go get what I want somewhere else

So what that made me realize is I don't need anyone's permission to go out and get it myself

And the one thing that supercharged my savings was going out there and getting a side hustle

to bring in more money every single month. And it took a little work. You know, I had to put in so work up front, but it gave me long-term results

Now there's no need to go out there and start a business or even a YouTube channel if that's not what you want to do

The idea is to simply find something that brings more income in for you and it's not as difficult as you think

After this video, you can go check out my side hustle videos and see just how easy it can be to set them up

But in the meantime, I really want you to pay attention to this very important detail

Really think about and understand the amount of money that you need to save to reach your goals

and also how much extra money you need to make in order to fast track your savings goals

because that's how you win. That's how you can get the house you've been saving for

years faster. That how you can become financially secure significantly faster And while we at it go ahead and comment down below what you going to do once you hit your savings goals Don be afraid to get specific I want to know what trips you want to take

I want you to paint a picture of what your life would look like in an ideal world where you reach your savings goals

Once you have a plan for what you want and how to get there, that's when you start to see it

That's when you start to feel it. And that's the number one secret behind saving money

Now another is discipline. But I'll tell you this. Human nature gets in the way of discipline

And whenever you put money up against human nature, money wins every time

Our desires, our dreams, our emotions take over in such a way that we forget about the bigger picture that we were just talking about

Think about why people get scammed. Think about why people spend thousands of dollars on something they know sounds too good to be true

Even think about why people get played in relationships. You get what I'm saying

It's because our emotions are so powerful. I've been there and I'm sure you've been there too

so I'm definitely not criticizing here. My point is, if we can't control our emotions

they're going to control us, and eventually they'll control our spending habits too

So the one thing that can top discipline, in my opinion, is a built-in system that sends over a certain amount of your money

into a savings account automatically without you lifting a finger. Another part of human nature is memory

Sometimes we forget things like, I can't tell you how many times I forgot to transfer money from my paycheck

into my savings account. And part of that comes from me just being forgetful

but there's also a deeper side to that, and I'm sure this will ring true for you as well

Sometimes I would just get too comfortable. You see, when we're happy with the amount of money that's in our bank accounts

the driving desires to keep adding on to those numbers goes down, and this happens on a very subconscious level

I didn't realize I was doing it, but I was telling myself things like, oh, I'll just transfer the money later

It's no big deal. And I had to realize that when I'm telling myself those things

it's a sign that I'm getting too comfortable. Have you ever had a friend or a family member who would just keep driving the car

Y'all don't been on the road for hours, but they just keep driving, avoiding each and every gas station until the gas light comes on

Right, you see exactly where I'm going with this. Getting too comfortable can stop you dead in your tracks if you're not careful

And when you're saving money, you do not. I promise you, you do not want to stop your momentum or slow it down or anything

And that's why it's so important to automate. Depending on who you bank with, you should have the option of sending over a certain percentage of your checking account in the

your savings account every month, but of course you'll have to look into that yourself. But if you don't want to go that route and you're not feeling like doing all of that

there is an easier option and it's actually one of my favorite ways to save money

And that's what the capital app, spelled with the Q. And the reason that I like this app so much is because it allows you to set up savings goals

set up rules for yourself, and it's all completely automated. But my favorite thing about this app is the fact that you can set up your own individual savings

categories for yourself. Let's say you want to save up for an emergency fund or a time

TV, you might even want to save up for a boat, or you might want to do all three of them

at the same time. You can do that with this app and you can look at them and categorize them

and look at how much you're able to save in each one. I've personally been using this app for years

and it's helped me save tens of thousands of dollars on multiple occasions just by simply

using the app. Like, had I not been using this app, I probably would have saved half as much

as I did. But anyways, that's just been my experience. If you want to really check it out

it's linked in the description, and I think it'll help you out a lot. Now here's where the game starts to change a little bit. Outside of saving money

inside hustling, I want to quickly teach you an extremely valuable skill that'll save you

a lot of money without you missing out on enjoying life. And if you didn know it could be done check this out The skill is avoiding paying out of pocket as much as possible so income you make from work or extra money that you come across like stimulus checks or even your side hustle

income try to avoid spending that money as much as possible when it comes to paying for things like

clothes shoes eating out flights or other luxury items instead let something else pay for them i have two

examples the first one is credit cards now this is a little advanced but it's super easy to do and i know

that some people think of credit cards as taboo and I'll be the first to tell you that I used to

think of credit cards in the same way. Like I used to despise them and I used to just avoid them at all

costs. But then one day I saw the light, you know what I'm saying? And that light is credit card

points which have value just like money does. So I have a Chase Sapphire preferred credit card, right

This bad boy right here, this fancy metal card, right? So that card has rewards points, right

And so with that in mind, I thought about things that I'm already spending my money on anyways

Gas, rent, groceries, utilities, you know, money that I know without a doubt that I will absolutely be spending every month anyway

This is not advice. This is just what I do and it works. And this is exactly why you should never sleep on credit cards

I use my credit card for renting utilities, for example, and those happen to be two bills that I can set up to automatically charge my credit card every month, which automatically builds up the rewards points

Then what I do is I'll pay it off completely way before the end of the month because credit card interest rates are ridiculously high

That's exactly why I said up front that this is an advanced technique because of the simple fact that you actually have to be disciplined enough to pay off these credit cards on time

Again, this is not advice. That's just something that I do. Now, here's the thing with credit cards

Obviously, you're going to have to spend a certain amount of money with your credit cards in order to get a certain amount of rewards points in order to get anything valuable out of them

That's just how it works. And that's exactly why I go for more expensive things like car insurance, utilities, and rent

Doing that consistently is exactly how people are able to fly and travel from

free. That's exactly how people are able to get free stuff like Apple Watches or even Macbooks

Now I'll be completely honest, it does take a while to save up a certain amount of points

in order to get anything good like flying or Macbooks or whatever the case is for free

But the beauty of it is you can use some of your points and some money out of pocket so that you

can still pay for it at a very good discount. In either way you look at it, you'll still be spending

way less money than you would have been if you just spent the whole thing out of pocket

The second way is even easier, but it's just not as available to as many people, but that's through a point system at work

This point system is where you do something really good at work and you get recognized by, say, your boss or one of your peers

They give you points, the points accumulate, and once you get a certain amount of points, you can redeem those points for something cool, like gift cards, TVs, or even something all the way up to laptops

I mean, you can really get crazy with the stuff. It's really cool. This is actually how I got my air pies for free

I just kind of let my points sit and accumulate. actually kind of forgot about them until I was able to redeem them for a few gift cards in order

to get these for free. Not all jobs are going to have this opportunity for their employees, and not everyone is going

to be in the place to have a reward's credit card, and some people might not even be able to

feel comfortable with using them responsibly. I totally understand that. It's very understandable

But the reason I bring up those two points is to show you the mindset behind what I do to

avoid spending out of pocket as much as possible. Like, I really don't like spending money on myself, especially when it comes to luxury items or nice things because it doesn't bring extra money into my pocket or my family's pocket, so I just kind of see it as a waste

That why I like free stuff so much Y see these lights behind me I have two sets of them I got one set for free and I got one for like 75 off because of those rewards points that we were just talking about Just to put it into perspective depending on the amount of lights that you get it run you

at the minimum of like $200. So as you can see, I saved quite a bit just by avoiding spending out of pocket as much as possible

And this brings me to one of the biggest pieces of advice I can possibly give you when it comes

to saving money or even just money advice, period. After you've saved your money, don't just let it sit idle

Let your money work free. you. That's the number one thing I advocate for. If you're going to take the time to save your

money, I think it's a smart idea to make your money work for you once you have it. I'm putting

some of your money into a savings account and some of it into an account that actually makes money

for you. I'm specifically talking about investing, and I know that investing makes some people feel

uncomfortable, especially when the stock market got hit last year because of the world starting to

end. I get it. Investing made me uncomfortable too for the longest time, but guess what? The same way

I let getting too comfortable with the amount of money in my bank account getting the way of my

financial goals was the exact same way I let getting too uncomfortable with investing slow me down

There's a delicate balance and a lot of the time the one thing that keeps us from investing

is a lack of knowledge and understanding. When you hear about investing, most of us think about day trading, Wall Street, and individual

stocks, which makes us default to the thought of, oh, that's risky

Now, I don't give investment advice because legally I can't, but I'll tell you this

In my opinion, index funds are the way to go when it comes to investing

I'm not going to bore you to death about it, but basically it's a way of investing that doesn't put all of your eggs in one basket because instead of just buying one stock, you actually own multiple shares of stocks, which means more long-term growth for you and your family, which also means a great future

Not just random stocks either. We're talking about some of the largest stocks on the market

There's a bunch of different indices that these index funds track, but again, I'm not about to put you to sleep with all of that

probably heard of the S&P 500 index. That's the index that a lot of popular index funds track

which means they tend to mimic the performance of the S&P 500. The S&P 500 follows the 500 largest

company stocks in the market. So when you invest in an index fund that follows the S&P 500

you're going to, one, get diversified investments which do well over time, and two, your

index fund is going to perform very similar to the actual S&P 500. Just for a reference

the S&P 500 has been known to stand the test of time. Through economic downturns, recessions, and depressions, it still historically gives returns

Like, if you look at the entire history of the S&P 500, you'll see that the historical return has always been between 10 and 11% returns, which is why I advocate for it because

I invest in index funds too. All right, so I just gave you some insight on investing, but keep in mind, I'm no expert

I'm definitely not at Warren Buffett. I don't have millions of dollars in my investing account, let alone billions, at least not yet

But I just wanted to share this with you. There are more secure ways of investing than you probably think

Just please make sure you do your own research before you decide to invest. Comment down below if you actually want me to make investment videos in the future because I'd be more than happy to do that

But anyways, that's a video for today. Thank you so much for watching. My name is Reggie Bryant and this channel is all about personal finance and personal growth

So you can control you, control your finances, and control your life. Thank you so much for watching

I'll see in the next video. Stay cold