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10 Things I Stopped Buying | Financial Minimalism

Written by on December 25, 2020

These are the 10 issues I ended shopping for – on the finish of the day, it’s all about getting probably the most worth in your money and time as potential – and, typically, it’s the smallest variations that may add as much as the largest financial savings – Take pleasure in! Add me on Instagram: GPStephan

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ONE: HAIRCUTS
When all the things was required to close down, I needed to get inventive…so, I purchased knowledgeable hair buzzer on amazon for about $70, and my girlfriend began reducing my hair.
*Im not chargeable for dangerous haircuts

TWO: FAST FOOD / FROZEN DINNERS
For the final 6 months – I’ve minimize out all junk meals altogether since I’ve been working solely from house. To not point out, on high of that…whenever you dig just a little deeper, you’ll discover that the AVERAGE AMERICAN spends $1200 PER YEAR on Quick Meals alone. It’s EVEN been confirmed that quick meals can really be MORE EXPENSIVE than consuming at house, so the notion that “Quick meals is cheaper” is completely false.
https://www.creditdonkey.com/fast-food-statistics.html
https://nclnet.org/debunking_the_fast_food_is_cheaper_myth/

THREE: GYM MEMBERSHIP
When gyms shut down, I needed to discover an alternate…so, I purchased a bench and adjustable weights, and after watching some YouTube movies on house exercises…that almost changed my complete health club. I additionally supplemented that with 2 miles of cardio 5x week.

FOUR: INSURANCE COSTS
People are OVER PAYING for his or her automotive insurance coverage by almost 37 BILLION DOLLARS PER YEAR.. So, if you wish to get monetary savings almost INSTANTANEOUSLY, proper after this video is completed – go and store round your automotive insurance coverage, and REALLY consider how a lot you ACTUALLY drive.
https://www.insurancebusinessmag.com/us/information/breaking-news/americans-overpaying-for-auto-insurance-by-nearly-37-billion–study-193807.aspx

FIFTH: PARKING
I simply purchased an electrical scooter to take wherever close by. In Los Angeles, it’s estimated that the common driver spends 85 HOURS per yr JUST in search of parking…on the common wage, that’s $1735 of your time simply WASTED as you sit there, looking a spot to park.
https://www.geekwire.com/2017/inrix-study-find-americans-waste-73-billion-per-year-looking-parking-spot/

SIXTH: NEW CLOTHES
The common grownup spends $161 per thirty days on clothes…and, lets be actual…I’m positive more often than not we purchase one thing new, it will get worn a number of occasions, after which it sits within the closets for months or years simply amassing mud.
https://www.creditdonkey.com/average-cost-clothing-per-month.html

SEVEN: RENTAL PROPERTIES
Sometimes, up to now, I set it as my yearly objective to purchase ONE property that I might then lease out…however this yr, that by no means occurred. I spent the start of this yr looking out NONSTOP for a deal, however I might discover ANYTHING that made sense right here in Los Angeles that didn’t require a SUBSTANTIAL quantity of labor. Once I started to judge how a lot time it was going to take me to search out the fitting deal, versus my return increasing my very own enterprise…proper now, it simply makes extra monetary sense to proceed increasing my private model, creating higher content material for you, and starting to diversify into different endeavors.

EIGHT: FRUITS AND HERBS
As a substitute of going to the shop and shopping for mint, basil, rosemary, passionfruit, lemons, and strawberries…we’ve simply been rising out personal.

NINE: THE LATEST IPHONE
Similar to the quick meals funds, the common TECH funds is similar: $100 PER MONTH shopping for the newest devices. So my advice, and what I’ve at all times adopted, is simply to buy the final years cellphone mannequin,…maintain it 2 years…after which improve to one thing new, IF you have to.
https://www.eetimes.com/americans-spend-1200-a-year-on-tech-gadgets/

TEN: CAT TOYS
The one factor that’s consistently stunned me is that – Ramsey doesn’t play with cat toys. It doesn’t matter what he will get, he’ll ignore it…after which simply play with the field.

For enterprise or one-on-one actual property investing/actual property agent consulting inquiries, you possibly can attain me at GrahamStephanBusiness@gmail.com

*A few of the hyperlinks and different merchandise that seem on this video are from corporations which Graham Stephan will earn an affiliate fee or referral bonus. Graham Stephan is a part of an affiliate community and receives compensation for sending site visitors to accomplice websites. The content material on this video is correct as of the posting date. A few of the gives talked about could not be obtainable.

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