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15 Ways To Save Now So You’re Rich Later

Thrift is the quickest route to financial freedom.




Becoming rich is one of those things many of us dream about; waking up with no financial worries, no mortgage, the money to send our kids to college, and so on. Unfortunately, few of us will ever become millionaires.

However, there are some ways you can start saving today so you can afford an early retirement or live comfortably working part time.

Here are 15 ways to save now so you’re rich later.

1Negotiate your bills

Just because a company quotes you a price doesn’t mean it’s the best one they can offer you. Start by contacting the companies with which you have a regular bill, for example:

  • Phone
  • Insurance
  • Cable
  • Credit card

If you contact them and explain that you have been offered a better deal elsewhere, they may be able to negotiate a better price for you, especially if you are a long-term, loyal customer. If they can’t offer you a better deal, it may be worth switching providers.

Related: 4 Steps People Who Weren’t Born Rich Can Take To Get Rich

2Cancel unnecessary subscriptions

We often get lured into paying monthly subscriptions because we feel it would encourage us to use them. Unfortunately, most of the time that’s not true and it’s just another way to eat away at our bank balance. Think about whether or not you really need the subscriptions mentioned below:

  • Gym membership
  • Netflix
  • Magazine subscriptions
  • Spotify
  • Amazon Prime.

3Shop retailers who offer rewards

retailers who offer rewards

Because retailers want you coming back for more they often offer a variety of rewards such as coupons, discounted offers, and even freebies. Create an email address specifically for these programs and shop according to the deals each retailer offers every week. You can also shop secondhand or with online retailers who offer better prices, like Ebay, Amazon and Craigslist.

4Ignore links that promise fast money

There is little more embarrassing than falling for the online scams that claim you can earn thousands of dollars a month by clicking a link and investing a couple of hundred dollars. Similar to fad diet pills and online gambling, very few ever make a cent, let alone a living.

Becoming rich takes time, patience, and discipline, so instead of investing your hard-earned cash into what adverts call “online deals”, put it in a savings account. You could also learn how to invest in stocks and shares. If you learn the basics, you could slowly generate a moderately good income on the side.

Related: 6 Reasons Your Business Won’t Make You Rich

5Stop buying branded products

Fancy marketing is something we all fall for. The beautiful packaging and catchy tagline are probably what lure you in, but here is a secret: The product is no different to your supermarket’s own brand version. Aside from the product not being different, the own brand version will cost a fraction of the price.

6Don’t spend just to keep up with others


Your personal goals are what should matter to you the most, not what other people are achieving. It can be disheartening to see your neighbor roll in driving a new car every year but remember that as nice as it would be to have one yourself, you don’t need it. Work towards something bigger and better than material possessions and you’ll reap the rewards in the future.

7Cook at home

Eating out is extremely expensive, not to mention the drinks you probably order with your meal. Some ways to cut out expensive restaurants could be to:

  • Invite friends over for dinner parties
  • Celebrate birthdays, anniversaries, and other important landmarks with a big barbecue gathering
  • Take your lunch to work with you
  • Plan ahead so that you don’t pick up food when stressed

You may also find that hosting events in your home with family and friends lowers the amount you spend on drinks, as all good guests bring a bottle or two with them to an event.

Related: The Way To Get ‘Rich’ Quick Is Not What You Think

8Make your own coffee


If you spend $3 to $5 a day on coffee, it’s time to stop. Aside from the mound of sugar you’re probably consuming, you could save up to $35 a week; that’s more than $1,800 a year. Instead, invest in a nice thermos, coffee machine or just higher quality coffee from the supermarket, and make your own at home.

9Automate your finances

Automate your finances so that all your bills are deducted from your bank account directly after every paycheck comes in. For example, if you get paid on the last day of every month, schedule your bill payments for the first. Organizing will help you have a much more realistic view of your monthly budget and how much you can set aside for savings.

10Think of the environment

Here is some happy news: Taking strides towards being more eco-friendly will actually benefit you financially as well. You could have a positive impact on the environment and cut your bills significantly by:

  • Spending less time in the shower
  • Turning off the lights and all electrical devices
  • Changing to energy-efficient light bulbs
  • Getting a programmable thermostat
  • Connecting to a smart powerstrip
  • Insulating your water heater
  • Air sealing your home
  • Dry lining your clothes.

Related: Chris Sacca’s Crystal Ball On How To Get Rich… Quick

11Rent or sell your belongings

Whether it be clothes, electronic devices or even cosmetics, we all spend money on things we often do not need. Decluttering your home is a great way to start afresh and earn a bit of spare cash.

Consider listing items on Ebay, having a garage sale, and even listing your spare room on Airbnb. In some parts of California, a spare room on Airbnb goes for up to $4,000 a month, something to seriously take into consideration if your bills are high and you have a mortgage to pay.

12Stop using your credit card

credit card

Although not all bad, credit cards should be used sparingly. They are great for:

  • Building a credit rating
  • Cashback rewards
  • Emergencies

That said, if you don’t have the funds to pay it off, you could end up in serious debt. Make your credit card an emergency card. Do not keep it in your wallet when you go grocery shopping or to the mall.

13Get involved with free activities

You may feel that participating in family and friendly activities are always expensive, but they don’t have to be. You could simply swap an afternoon at the movies for a day at the park with a picnic and a Frisbee. You could also look up community activities in which you are interested.

If you get your hair, nails, or teeth done regularly, you should consider visiting vocational schools in your area, as they often host free events so that students can practice. Don’t be scared, they are supervised by professionals and although it may not be worth the $100 you spend on your hair every month, you’ll still receive amazing service!

14Maintain your car

Better yet, walk, rideshare, or table public transport wherever you can. That said, I do know that these options aren’t available to everyone, so if you have to drive to and from work or college every day, make sure that your car is fuel efficient and that you look after it by:

  • Regularly cleaning the air filter
  • Making sure your tires are inflated and rotated
  • Checking the oil and water levels

Lastly, avoid parking and speeding tickets at all costs!

15Put in the Hours and save what you earn

Of course, if you have a full-time job, it can be difficult to find the time to earn spare cash on the side, especially if you have a busy social life or a family. If you can, putting in additional hours alongside your job is a great way to save money. For example, you could:

  • Do some freelance consulting
  • Find a weekend job
  • Teach or mentor
  • Sell products online


Saving money is a very difficult task for most, but by following some or all of the suggestions outlined above, you’ll find yourself closer to your financial goals in no time! Start by making the small changes that will make no difference to your current lifestyle and then push yourself that step further to become more frugal with your earnings.

This article was originally posted here on

Marsha is a Growth Marketing Expert business advisor and speaker with specialism in international marketing.


Personal Finance

10 Tips To Become A Millionaire This Year

Becoming a millionaire requires changing your mindset and implementing some changes.

Murray Newlands



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Becoming a millionaire may seem out of your reach, but it’s possible with the right attitude and guidance. The fact of the matter is your income can only grow as quickly as you do, so you need to change your mindset to achieve your goal of becoming a millionaire.

Once you have a millionaire mind, you can’t lose it, no matter what financial or business mistakes you make along the way. To get yourself there, you’re going to need some structure. To help you, I’ve outlined the top ten tips you should follow to become a millionaire this year.

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Personal Finance

If You Think These 5 Things, You’ll Never Get Rich By The Time You’re 30

Five common mistakes entrepreneurs make when starting a business and how to correct them.



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Last week, I had lunch with a millennial who wanted some advice about a business he’s starting. After the usual small talk, we got down to discussing his business plan. Within a short time, it was clear that his business idea was great, his plan for executing was fairly solid and he had gathered together a strong team to help him make it happen.

So far, so good. But, to be frank, this guy has no chance of being successful with his current mentality. What it takes to be rich (or successful in any measure) has a lot more to do with your mindset than your ideas and plans.

From the time we started in business at the ripe ages of six and seven, our Grandpa Joe taught my brother Matthew and me many lessons about the details of running a profitable business. Over the years, we learned about how to create a business plan; how to market our products and services; and how to take care of customers, vendors and employees. All this knowledge has been invaluable to us in creating and running successful businesses. But, what our grandfather taught us about attitude and mindset trumps all other lessons.

Without calling out the specific individual I spoke with recently, below are five “hypothetical” attitudes that will get you nowhere in your journey to success – and the attitudes that should replace them.

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Personal Finance

5 Habits That Lead To Millionaire Business Success

You need the right habits if you’re going to succeed.

Timothy Sykes




What do all millionaire businesspeople have in common? Well, a lot of things.

I found from a recent study that 80 percent of all millionaires still go to work every single day. They’re working people just like me. But, they have to keep themselves in work or it all grinds to a halt. So what are the habits you need to make your business a success?

1. Patience

Nothing is ever going to come easy. You can look at the likes of Steve Jobs and Bill Gates, as well as the other usual suspects, to realize that success didn’t come with their first venture. Many of them failed time and time again. It took patience for them to become successful.

I read an article recently about 36-year-old teacher Andrew Hallam who became a self-made millionaire on a teaching salary. But, in his spare time he invested smart and lived frugally.

It proves you don’t have to inherit lots of money or become an instant success to make a millionaire business.

Related: 4 Ways To Become A Millionaire Even When You Start With Little

2. Dedication

You have to be dedicated to your craft if you’re going to become successful. Going back to Bill Gates again, he started his business in the back of his garage. Now that’s dedication.

It’s what I tell all my students. If they’re not dedicated to this, then they should leave. You need to be able to push through the barren periods if you’re going to reach the oasis of success.

3. Ambition and big dreams

Have you ever heard the quote, “Shoot for the moon. Even if you miss you’ll land among the stars”?

I take that to heart because even if you aim to become a billionaire and miss you still might be a millionaire many times over. Take the Wright Brothers as an example. Not content with creating a successful glider in 1902 they went on to create the world’s first airplane in 1903, making four brief flights in Kitty Hawk. It demonstrates the importance of dreaming big because you never know what you might achieve.

Related: 12 Millionaire Habits To Start Making Serious Money Soon And Build Wealth In A Hurry

4. Learn from mistakes

Every good businessperson will mess something up. It’s inevitable. What’s important is how you learn from your mistakes over time. Do you adapt after making your mistakes?

Millionaire businesspeople always set some time aside to reflect. Then they create a plan of action for ensuring that it doesn’t happen again. Most failed businesspeople put it down to “bad luck.”

5. Focus on niches

This important! Try to take over a whole industry at once and you’ll inevitably get swallowed up by the competition. Start small and control your own niche before moving into another niche. When you master your small area, you can push on and expand.

Related: 21 Choices Millionaires Make That You Aren’t Making But Should Be

You’ll be amazed at how much easier it is to expand after you master your own niche/audience first.

Do you have what it takes? That’s the question I always ask novice businesspeople. You need a plan and you need the right habits if you’re going to succeed.

This article was originally posted here on

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