Here's How You Actually Save Money

I made a lot of money last year but I saved Very little. And this year I have kept well over 10x what I did last year.

And I kept at it with the same business both years but you don’t need a business to do this. You just need to be ready to make a few honestly small changes to what you do with your money.

The first thing I realized is that you need to mix a little bit of the ‘matrix’ or common advice with mainly ‘new money’ advice. And what I mean is that you need to save money and invest while at the same time primarily focusing on generating more income.

For me it’s fairly easy because I have control over my income through sales as well how well the business performance overall. And if you don’t have full control over your income you need to start finding ways to do that. Be it a side hustle or asking your boss what you can do to make more money through commissions.

The second but most important part of this is saving. And I hate calling it that. So instead I see it more as storing my money. And most of my money that’s saved is Not saved. It’s not even money. I buy assets now. (Unlike last year.)

Whenever I pay myself through my business, most of that money goes straight into investments. And part of that is saved money.

The main thing I buy is hard assets, like precious metals and real estate. Now granted I have no real estate but the actual cash I’ve stored is meant purely for when I buy my first home in the next year. The next (and easier entry) is precious metals. I buy primarily gold and sometimes silver. That’s what I’d recommend to you as well. Because gold and silver are used for so many things and they’re finite so unlike cash they Can’t be printed so they will always have value.

And the main goal with my metals is literally just to keep it, as of now I don’t have any plan of selling it anytime soon. It’s just a safe and steady way of making sure my money holds it’s value.

My next choice of storing money is the complete opposite of hard assets. It’s crypto and stocks. So stocks are much safer but if you know what you’re doing with crypto you have a much better chance at increasing your money.

With stocks I only buy what gives a dividend because that way you get money every month or quarter or however long just from owning it. As well as I only buy that which I know will last. Mainly oil, index funds and bonds.

With crypto I just stay away from shit coins and just stick to that which already is proven, like obviously btc, eth, and sol and a bit of like 2 or 3 other coins smaller coins.

Outside of that my money is cash and only in my business account. That only gets spent producing more money for the business which in turn makes me more. Be it ads, spending on people and even just having it there as a safe guard.

One thing with just having an emergency fund or having extra money saved in case of something going wrong, you will not stress. And your brain will function the smoothest when you don’t need to worry about making more money to pay some bs expense.

So honestly first thing I’d tell you to do if you very little money is to save up like 500-$3000 depending on how bad your biggest possible expense would be. And I know that some money gurus say to just spend otherwise you’re essentially unconfident in your own abilities and I fully disagree. If you got $10,000 in the bank you should not spend all of it, especially on bs momentary expenses. At most I spend maybe 2-3k of every 10k I make. The rest should be either invested, saved or spent on learning and setting yourself up to make more money.

A big difference between last year and this year is that I give a lot of money away for charity and donating. Right now, take a $ bill, no matter the number and give it to someone that's helped you loads. Be it a family member, friend, or just some random person. Because when you give you will get that money back. Regardless of what you believe in, god, the universe or life itself will give you when you give. So be generous with your money.

I promise on everything, when you give you get. As long as it’s not for selfish reasons. You’ll feel better and you’ll make someone else happy too.

Lastly don’t spend on stupidity. Please. This was my biggest mistake last year. I didn’t think about my money longterm. I bragged about it, spent it on useless things to either feed my consumerism at the time or just to make myself look cooler and it’s that’s the worst you can do with your money. And I won’t talk much more about it because so many people say it but it’s said loads because it’s true.

I hope this helped in some way to you because this is literally what helped me reach well past my financial goals this year as well as the mistakes I fixed to reach it.

To recap:

• Control how much money you bring in

• Buy assets (gold, crypto, real estate, stocks, etc)

• Only spend to increase your ability to produce more money

• Have an emergency fund ($500-3k)

• Don’t spend on stupid stuff

• Be charitable

• Again, no stupid purchases

If you need anymore help feel free to joining the discord community and ask anyone in there or even me for some advice, I’m always happy to help.

And with that being said, thank you so much for reading and enjoy your day:)