How I Save 99% Of My Income

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Get 30% OFF your first bag of coffee with Trade Coffee when you click here: Enjoy! Add me on Instagram: GPStephan Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: $100 OFF WITH CODE 100OFF My ENTIRE Camera and Recording Equipment: I thought this would be a fun video, to go back to the basics and cover EVERY technique I’ve used that’s allowed me to save almost 100% of my income and essentially “Live For Free”. FIRST: LIVING FOR FREE This is when you buy a multi-family home - like a duplex, triplex, or fourplex…then LIVE in one of the units, and rent the others house to cover your cost. You could also buy a single family home with a detached guest house, or maybe with a basement that you rent out to cover your overhead. Typically, when done right…the rental income from the other units will cover your entire cost of owning the building - and when that happens - you’ve essentially got a free place to stay. VIDEO HERE: SECOND: DRIVING FOR FREE There ARE cars out there that you can buy, under market value, at the bottom of their depreciation curve…that don’t lose much value during the time that you drive it. For example, MANY used cars reach this point after about 5 or 6 years where the depreciation levels off, allowing you to use it without costing you a lot of money. Then, at the very least - the only out of pocket cost would be insurance, maintenance, and gas…which, if you find yourself a reliable car, and don’t get speeding tickets…it shouldn’t be much money. THIRD: TRAVEL FOR FREE Credit card companies will offer incredible bonuses JUST for signing up for their credit card. People who understand the art of how the system works, can use this to their advantage by signing up for said credit card, meeting the minimum requirements to get the bonus...then GET the bonus, redeem that for all types of free travel, and then move on to the next card and repeat the process again. First, obviously, you should NEVER do this is you have no idea how to properly handle a credit card. Second, NEVER pay a SINGLE DIME IN INTEREST. So lets make it clear: you won’t owe ANY interest when you pay off the card in full, when it’s due. Third, DO NOT DO THIS if you’re about to get a loan for a house, or a car. But if you can follow the above few steps and do your research about the best credit card reward bonuses to get…doing this can be a fun hobby that’ll end up making you a LOT of money in free travel, rewards, and perks - and that’s how I’ve been able to cut my travel expenses down to $0. FOURTH: MAKE COFFEE AT HOME If making coffee at home means that you can save just $15 per week on coffee…that works out to be a savings of $780 per year. And if you JUST invested that money every year, instead, in an SP500 index fund within a Roth IRA, earning an average of a 7% interest rate with dividends re-invested…over 40 years, you will have accumulated over $178,295.54. Thanks to Trade Coffee for sponsoring this video :) FIFTH: EATING AT RESTAURANTS Instead of going out to eat somewhere…it’s REALLY simple to go to the grocery store, spend $7, and make a restaurant-quality meal yourself, at a fraction of the price. Or, find restaurant happy hours, which will often give you a 10-30% discount just for going a little earlier, or a little later. It’s the EXACT same food, it’s the EXACT same place. SIXTH: GET FREE PARKING I just don’t see the point in spending $5 to $10 to park in a parking lot, when I could park a block away - for free - and walk to where I’m going, instead. To me, that’s like I’m getting PAID just to get a little exercise…and it saves me money. SEVENTH: TRACK YOUR EXPENSES This is like the glue that holds everything together, because without knowing how much you spend…you won’t know how much money you’ll need to sustain your lifestyle, and you won’t be able to effectively cut back on the things that aren’t really bringing you much value. Doing this is really, really simple…I use the websites and, which automatically keep a thorough report of how much you make, how much you spend, and where you spend it. It’s not without hard work, it’s not without discipline…it isn’t EASY…but once you get in the habit of doing this….I promise, it’s ENTIRELY worth it. For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected]

channel "Graham Stephan"

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