- Maximize the part of your paycheck that you invest.
- Get rid of subscription payments that you absolutely do not need/use. Example: I currently invest 80% of my paycheck after taxes and I do not have ANY subscriptions.
- The only investments one should be making is in their food, shelter, living, and transportation.
- Focus on reusing what you already have or reusing what someone else has given away before thinking of buying something new no matter how cheap it is.
- Do not focus on brands, popularity, hype and marketing. Do your research and find what's best and worth it.
- In almost all cases, there will be a generic choice available for whatever you need. Products can be 5x-10x cheaper if you choose to buy generic.
- Recycle as much as you can, use what you already have and don't need for other applications. Example: Used/torn clothes for cleaning/rags.
- Manage your spending; Write things down or use a personal finance app to evaluate everything you spend your money on; see what you don't need and ELIMINATE it.
- Cook at home as much as possible; learn how to cook well and tasty so that you don't feel the need to go out often.
- Grow your own food in your garden/home; there's a lot of foods you can grow/seed by just using water in a container.
- Buy a used car/jeep, etc only if you have a family or if your area of living has bad transportation.
- Prefer to buy a used Japanese vehicle if you have that option where you live; if you don't have that; buy a German vehicle.
- If you can't afford your own vehicle; buy a cycle and/or choose public transportation.
- Invest your time intelligently into things that matter to you and make your life better like; happiness, health, family, quality of living and wealth.
- Minimize the taxes you pay by utilizing every deduction that you can; it's not illegal to save legally by making the deductions you qualify for.
- Buy only what you can trust/experience before buying it. See reviews online, study specifications and evaluate your options. Example: I choose to buy what is generic or rated at least 4.5/5 when buying from Amazon.com.
- Make it a habit to only buy from discount stores, liquidation outlets and dollar stores. Once you are familiar with the prices of things in these stores; you will have a better understanding of products and their worth in other stores.
- Choose quantity over quality when it doesn't matter to YOU. Mostly you don't need to buy something expensive even if it's better because you might just not need/care the better version of something you are already satisfied by.
- Build your financial rating (credit score) in the eyes of the government; this will get you cheaper (lesser interest on) housing/car/personal loans.
- Make all your payments using credit card(s) that have a high cashback rate. Different credit cards will have different benefits to you depending on what you spend your money on.
- Instead of renting a place/house see if you make an affordable down-payment and pay a mortgage through a monthly payment.
- A very good of way of being able to afford a mortgage is by renting out sections of your house/place and getting a major part of your monthly payment through renters.
