Tag Archives: how to save money for retirement

4chan /biz/’s Top 10 How To Save Money Tips

**4chan /biz/’s Top 10 How To Save Money Tips**



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Courtesy of 4chan /biz/, these are the top methods on how to save money. If you want to cut expenses in an extreme way, check out this tutorial on how to drastically reduce the amount of money you spend.

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Taken from frugal living threads on /biz/, I will show you the top 10 ways you can stop wasting money today. You need to save money for the future in order to have a baller funeral, and if you are serious about saving money this step-by-step “How to” guide will show you how to save money. 4chan /biz/ is the best place on the internet to learn ridiculous penny pinching methods and frugal living practices. Saving money is only one third of the money equation, and that is what is being covered in this video. You also need to generate income, but we’ll save that for the next one. If you are sick and tired of not saving enough money, follow each of these top 10 methods and you will be on your way to financial freedom! You can use these frugal tips to save money for a wedding, save money for college, or save money for retirement. Enact each of these steps into yourself, follow the money saving program and you will be wealthy in knowable and in cash! Tip #1 reveals the way to get the most out of investing in stocks. Tip #2 will show you how to save money on food! Nobody wants to waste money on free things like water and food. I will show you how to get your food for free to save money. Kids are expensive, so how do you save money while raising kids? Tip #3 will show you how to cut down on your children’s economic impact. Tip #4 will show you how to save money on your housing costs. Stop wasting your money on expensive mortgages just to impress dumb people. You can save money and have a comfortable life. Tip #5 is going to show business owners how to cut costs. What if I told you you can save 25% on your labor? Business owners can cut their expenses and save money with this one easy trick. I will also show you how to get free flowers! Tip #6 shows you how to use freebies while being romantic. Tip #7 teaches you to stop wasting money on vacations. You can save money on expensive vacations while still showing off on social media. For tip #8 I show you one simple money saving hack to save money on electricity. Stop wasting money on carpeting! Tip #9 shows you how to cut your carpet costs by 99%. You can even do it for free. Tip #10 is all about saving those precious electrons in your car battery. Don’t hemorrhage money while you are in your car. Instead, save money with this tip.
You're probably wondering how I got myself
in this situation. Let's start from the beginning. Do you want to save money? Here's 4chan /biz/'s top "how to save money" tips. The number 1 tip I have to give you is: Make
your money disappear. Take all the money from your bank account
and put it in your stock brokerage. You can't spend money if you don't have money. Choose a really long and confusing password
like this. Forget the answers to your security questions. Lock yourself out of the account and you can't
possibly spend money. Alright, here's my #2 tip. You're five biggest expenses in life are gonna
be the 5 C's. Cassa. College. Car. Kids. And food. Food is free. You don't need to spend a single cent on food,
and I'm gonna show you how. Before you eat food, drink a whole bunch of
water and you'll be less hungry. You never need to pay for water. Just take some water from a free water fountain. Fill up your jug, you're good. For eating, you can go to your local church
and get free food. Just tell them that you make less than $12,000
a year and they will give you free food. Church will probably not give enough food
to survive. So, you can go to fast food places and get
free condiments to supplement your nutrition. Look, I'm at Starbucks right now and we got
free mocha, free chocolate, free cinnamon, free vanilla, and we got free sugar right
here. That's important calories right there. If you start feeling light-headed, have an
ice cube. Or a ketchup packet. If you want to splurge, and go out to a restaurant
or fast food place, you still don't have to pay for the meal. Here's what you do: you go on tinder, or you
go on Plenty of Fish, or on /soc/. And you know, you make a date with some desperate
girl. You go, you eat your food, you eat like a
king, and then you make her pay for the date. If she gives you crap for not paying for the
date just be like "oh my god, I'm sorry I didn't bring my card, can you pay for this
one and I'll pay for the next one?" And that's how you get free food from any
restaurant you want. Kids are one of the top 5 expenses of your
life, and you can cut them out completely by not having kids at all. But, if you simply must, unavoidably have
to have kids, here's what you do. Make them go door to door selling products
like cheap popcorn that you buy from the store, or subscriptions to magazines, or anything. And with this method you can even profit from
your kids, it can even be profitable to have kids. You can even have the pyramid scheme of families. Have your kids have kids, and have their kids
have kids, and have all of them go door to door and get a percentage of the revenue from
all of them. And just be at the top of the pyramid of your
own family infinite money chain. These things come in handy all the time. If you're a business owner, I'm gonna show
you how to save 25% on your labor costs. People say that women only make 75 cents to
every dollar that a man makes. If that's true, you'd have to be absolutely
insane to hire a man. Go with the cheap labor, hire a woman. Anniversary? Here's how to get free flowers when you're
feeling romantic. Look, this guy doesn't look that important. Here's how to go on expensive vacations for
a fraction of the cost. So first thing you're gonna do is take some
3D glasses and push out the lenses on them. Next you're gonna print off an image of the
vacation of your choice. You can use color or black & white. I'm using black & white to save money. And you just tape these on the inside of the
glasses just like this. And it's as simple as that. Now you can bring these glasses wherever you
go and you can have a vacation wherever. Whether you're watching a stupid movie with
your stupid friends, or waiting in line at the social security office. You can even post about your vacation on Instagram
like this: take your glasses, flip them the other way, hold them up to the camera. I posted this picture on Facebook and I already
got 7 likes! To cut down on your electricity bill, turn
off your doorbell before you leave the house. Don't waste thousands of dollars carpeting
your house. Take two squares of carpet. And you tape them to your feet like this. Look at that, and you're all ready to go. This is what being smart looks like. Save electricity by driving without your headlights
on.

🔴No Money for Retirement 50k Wages $1200 Rent $600 Car Payment

**🔴No Money for Retirement 50k Wages $1200 Rent $600 Car Payment**



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Here is a viewer that wanted help with saving for retirement. This person is looking for ways to free up money since they are 15 years from the age of retirement.
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we got a question from one of our viewers that says here I make $50,000 per year I have 20,000 dollars in savings for retirement my rent is $1200 per month and car payment is $600 per month how I be able to retire so I thank this person here for his information here we're going to take a look at this and analyze this and see where we can come up for money for retirement here so well thank you for watching my name is Richard with wisdom investor we provide valuable information to help you accumulate a nest egg for retirement so in this particular situation we don't know every detail about this person's finances but we know a little bit and rent and car payments are two of the largest expenses that people have in their budgets and many times we're overspending and we can't find ways to save money so we're gonna take a look at this okay the additional information we have here persons fifty years old we have twenty thousand dollars in savings now they're working making fifty thousand take-home pay after taxes and almost forty three thousand or about thirty six hundred dollars per month now we don't know anything about credit card debt student loan debts other debts other expenses here's some of the other expenses a person could have in their household various other costs that a person has to take a look at his various insurance health medical auto life food transportation costs utility savings that they may already have entertainment expense clothing and any other personal expenses they may have now in this situation let's take a look at their housing and car expenses those are two expenses here that we're given car and rent together is $1,800 per month the car was six hundred the rent is twelve hundred now if their income is thirty six hundred dollars per month after tax that means fifty their monthly budget is going to car and rent then you also have to figure in insurance maintenance gas etc and I'm calculating in here and I'm might be on the conservative side here because I don't know all the details about this person if there's kids involved etc but we're gonna say about three hundred dollars per month so car and rent together is about twenty one hundred dollars out of the thirty six hundred dollars that they earn which is fifty eight percent of the monthly budget now typically you would rent you want to try to keep that less or twenty five percent or last of your budget or of your income and then the car typically ten to fifteen percent that's about thirty five to forty percent so in this case we're spending about fifty eight percent of our monthly budget just in the car in rent so we're gonna take a look and see if we can come up with some ideas here so this person wants to be able to retire now they've got a job they're probably building up Social Security but they're going to need to come up with some other money to build their savings the fifty years old maybe have 15 more years to save rent is $1,200 but my first suggest in this case is to reduce the rent to nine hundred dollars per month that means it's going to take a little sacrificing maybe where you're this person is renting right now is nice they got swimming pool they've got all the luxuries but if they can find a place that they can reduce the rent down to nine hundred dollars per month that's going to make available at least three hundred dollars in savings there's other methods they could use they may want to as a possibility move in with a friend and share rent or they could even do a rent a room but it may take a little bit of sacrifice to make up for the last 20 years or so not really saving much money the second solution here to in addition to the $300 savings let's take a look at that car now the car $600 per month and actually is probably costing about $900 per month with a $300 in extra so if they sell the car and buy a used car for say $5,000 from savings that's going to free up $600 to save toward savings or retirement and of course you can invest that and earn a larger return on that so he's got $20,000 in savings so I would sell this car and get rid of that monthly payment take a portion of the savings 20,000 take a portion 5,000 of that savings and buy a used car for right now you can get good used cars for a value of $5,000 we're not talking about a it's not going to be fancy car but get a good car you have a mechanic check it out so you can at least get an idea where you are with repairs if you had to put a couple thousand dollars into repairs and that's got the money to do that but we've got to reduce this monthly payment here so if we follow this approach here this is going to free up about nine hundred dollars a month in savings so we're going to take a look and see what nine hundred dollars per month in savings would accumulate over 15 years okay so here's a calculator here and so we took the nine hundred dollars month in savings estimated about six percent Interest sp500 has earned nine percent so we I'm trying to be somewhat conservative here he's present value say fifteen thousand gonna take five thousand of his twenty and invest it in the number of years we're gonna do is fifteen feet he's at fifty was gonna retire at 65 if he did this this would accumulate to two hundred ninety-eight thousand dollars that's about three almost three hundred thousand dollars let's just use an example let's just say be no more can service a can find a place to rent in he could only save six hundred dollars per month and that would still give him about two hundred thousand dollars and so that added to Social Security could certainly help him in his social in his retirement plan so let's take a look at savings withdrawn over 25 years earning 6% so if he 200,000 and when he came time to retire that's about $14,000 he would get per year and so that's a little over $1,000 per month now if he accumulated 300,000 he could take out about 23,000 he could also add that to his social security for example if he's able to take out $1,500 per month off of his savings of in its growing 6% per year and his Social Security is 1,500 that's about $3,000 now we're going to take a look at this Social Security and go here in just a second first let's just take a look at where you going to get 6% if you set up an asset allocation we're just going to be conservative here right now 50% in stocks 30% in short-term investments 6% in foreign stock 14% in u.s. stock 50% bonds I said US stocks here 50% and bonds here conservative investment average returns about 6% over a long range the worst 20 years is 2.9 – and then the best 20 years is ten point nine eight so that is a very practical and realistic way to earn 6% on your money now let's take a look at the social security angle in us we don't know all the details he's earning $50,000 per year and assuming a $50,000 per year doing this for several years has at least 35 years of salary income coming in I'm estimating if this person retired its social security and this is could be on the conservative site for this person they earn about 1450 per month now if they could wait until 66 this is going to pay out $2,000 Social Security will pay you more if he waits and this is pretty much in lines what we're estimating here if he worked 15 more years – at least 65 he would we said a minute ago he could possibly get two thousand to fifteen hundred dollars per month from his investments withdrawn over 25 year period added to about $2,000 per month that's about $3,500 per month in retirement so this person could totally change their situation by reducing their expenses and investing for their future so this person wrote in and they're obviously looking for ways to saving they're getting up to that age of where people start thinking about retirement fifty years old and you've got to make some kind of sacrifice if your income is not going to be going up then the next thing you've got to do is cut back on expenses so that's where why we're suggesting reduce some of the rent if possible and also get rid of this car payment interest and and expenses on this car payment can wipe out your savings so if you have a situation you'd like to have us analyze leave us a comment if you liked the video hit the like button so I want to thank you for watching again this person here would be able to put away about 200 to 300 thousand dollars per year if they just rearrange some of their expenses thank you for watching