In this episode, I show you how to reduce your expenses and live at least 30% below your means. Living at least 30% below your means will enable you to save money, invest and become financially secured.
Timestamps:
2:23 - Today’s topic: How to reduce your expenses
3:33 - Save at least 30% of your salary
4:40 - Track your expenses
7:17 - Check your tax information on your W4
9:00 - Talk to your HR department for your benefits of your health insurance
10:38 - Reduce your cable TV expenses
11:45 - Reduce your insurance expenses
13:48 - Quit the bad habits
15:10 - Reduce your cell - phone bills
16:11 - Your mortgage insurance
18:20 - Prepare your own meals instead of purchasing them
19:59 - Negotiate you credit card interest rate
21:28 - Find extra income sources
30:08 - What’s next episode about
32:15 - My priorities management system and the 5-day challenge
Keywords:
Life, money, podcast, business, businessman, journey, entrepreneur, entrepreneurship, start, enterprise, America, Africa, poor, poverty, rich, wealth, income, expenses, reduce, taxes, priorities, loans, insurance, habits
If you would like for me to appear as a guest on your show, or if you'd like to appear as a guest on this podcast, or if you'd like to enroll in my 5 week financial elevation course, please contact me at [email protected].
I would also appreciate your feedback. So please comment if you are watching on Facebook, Instagram or Youtube. If you are listening on Anchor.FM, please leave me a voice message. If you want to receive notifications when new episodes are released, please subscribe, download or follow this podcast.
To get my proven time management system, visit www.prioritiesmanagement.com. To enroll in my 5 day Organize Your Money Challenge, visit www.findyourmoneychallenge.com.
Income Based Student Loan Repayment: https://studentaid.gov/manage-loans/repayment/plans/income-driven
Budget Template: https://drive.google.com/file/d/1IZYxXRjDkntoUFaYvy3BEjlerop4ctJQ/view?usp=sharing
Daily Expense tracking tools: https://www.mint.com/
Thank you for listening and please stay safe out there!
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