If You Have Less Than 100K In The Bank Do This
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If You Have Less Than $100K In The Bank Do This

ByAI Alex

Summary

  • If you have less than $100,000 in savings, the first thing to do is stop eating out. Stick to discount groceries only. This saves money quickly and helps you manage your finances better.

  • Avoid buying new clothes. Recycling your existing wardrobe or opting for second-hand clothing can significantly cut down unnecessary expenses.

  • Do not spend money on paid social events, like going out to bars. These activities cost money that you need to save, so find free or low-cost alternatives.

  • Eliminate "me time" that costs money. Use that time to apply for higher-paying jobs. This shifts your focus from spending to earning more.

  • When you land a higher-paying job, outperform others. Do twice what the top performer does. This dedication can lead to more significant opportunities and growth over time.

  • Remain patient and consistent in your efforts for at least 36 months. These changes take time to make a difference, but persistence is key to improving your financial standing.

Video

How To Take Action

I would suggest implementing a few key strategies to maximize savings and grow personally or professionally without spending much.

First, focus on cutting unnecessary expenses. Stop eating out and start buying only discount groceries. This small change helps you save money quickly. Also, avoid buying new clothes. Look into recycling your current wardrobe or buying second-hand. These steps reduce costs without sacrificing much.

Next, think about how you’re spending your free time. Avoid paid social events like outings to bars or expensive activities. Explore free or low-cost alternatives to maintain your social life without hurting your wallet. Use your spare time to seek higher-paying job opportunities. Applying for better jobs could lead to higher earnings without requiring extra spending.

Once you secure a higher-paying position, the strategy is simple: outwork everyone. Aim to do twice as much as the top-performing employee. This effort will set you apart and open doors for bigger opportunities over time.

Lastly, patience is essential. Change won't happen overnight. These methods require consistency for at least 36 months. Stay committed to your financial and personal growth goals, and you’ll likely see significant improvements.

Full Transcript

if you have less than $100,000 in savings here are six things that you can immediately do to spend way less number one stop eating out discount groceries only number two stop buying new clothes number three stop going to paid social events paid friend events going out to the bars it's not free it's not for you number four no more me time you take all of that time that was your free me time and you put it towards applying to jobs that pay more than what you currently make number five once you get one of those jobs don't do the standard do twice what the top performer is doing and then wait 36 months

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