How do you build long term wealth that will make it easy to retire? Easy: Save! But saving is hard, especially in today’s modern world where it seems that we’re living paycheck to paycheck.
In fact, a large majority of Americans only have under $1,000 currently saved. Even more startling, half of all Americans have nothing at all put away for retirement. I know — sounds pretty bleak.
However, have no fear! There are actions you can start taking right now to save more money and build long term wealth.
Here are 15 ways you can start saving money right now and prepare for retirement.
1. Stop Eating Out For Lunch Every Day Immediately
Eating out at lunch every day is one of the staples American work life. Who doesn’t love their lunch time meal break when they get to unwind for a bit over some great food? It’s great, but “from 2015-2016 for the first time in history, Americans spent more in restaurants and bars ($54.857 billion) than they did on groceries ($52.503 billion),” according to Fox Business News. If you chose to bring a brown bag lunch to work every day, you can save upwards to $1,043 a year. I might be a hard habit at first, but you’ll be happy with yourself when you see your bank account at the end of the year (even the week!).
2. Why You Should Start Carrying A Canteen
We all know the importance of staying hydrated — experts say you’re supposed to drink 8 glasses of water a day — but did you know that all those water bottle purchases at the convenience store add up. In fact, all impulse purchases made at 7-Eleven have a cumulative impact. A recent study revealed that one in five Americans spend upwards to $1,000 on impulse buys. If you’re looking for an easy solution that will get rid of this pricey habit, and that is also good for the environment, you should start carrying a canteen or stainless steel water bottle. You’ll be able to stay hydrated, save money, and have a physical reminder of your big 2018 goal. Discountmugs.com is a great place to find a great deal on one.
3. Pay Your Bills On Time & Avoid Late fees
The desire to start saving money is more than just wanting to have some dough stashed away for when you’re older. It’s also about taking responsibility for your finances and your life overall. One of the easiest things you can do in that effort is to start paying all your bills on time and avoid late fees. Late fees can range from trivial to exorbitant charges— never miss a credit card payment!— but you’ll end up paying more out of pocket than what you owe. To save your money, set up automated payments where possible and use your smartphone’s calendar app to set up reminders on when bills are due. Believe me, this is a great way to start saving up money and building up those financial literacy skills.
4. Make A Budget And Stick To It
It feels good to pay your bills on time, but that doesn’t mean you can just spend that money however you want without knowing where it’s going — you need a budget! Making a budget of how much you money take in each month and how much goes out is a great way to become familiar with your monthly income. It will help you keep track of your money and how you spend it. Overall, saving money in the long term is about small daily actions regarding how you spend it, and most importantly, to become aware of how you spend your money, and where there is room for cutting unnecessary spending — do you really need that daily espresso? — and for saving.
5. Stop Using Your Debit Card & Start Using Cash
Okay, so you have a budget now. Awesome! But wait, how do you enforce a budget and make sure you don’t go beyond it? Stop using a debit card and start using cash instead. Cash is a great way to prevent overspending. Not only that, physically holding your money will make you more aware of it and how precious it is. It will make you second guess those extra purchases at the gas station or grocery store. Cash is as much about monitoring your spending as it is about developing a savings mindset and reminding yourself about your long term savings goals. Believe me, once you get in the habit of carrying cash, you’ll start saving money and getting closer to your financial goals.
6. How 1 Device Is Saving Motorists $1000s On Auto Repairs
A large portion of Americans have less than $1,000 saved right now for an emergency auto repair. But did you know there is a way to monitor your vehicle’s health and know what the problem is exactly? FIXD is a new device that tells drivers what’s wrong with their cars in simple and easy-to-understand terms. FIXD connects to your vehicle’s onboard computer and gets real time information of what is currently going on in your car. It takes your car’s “Check Engine Light” and transforms that raw data into something you can take to a mechanic and not be swindled by them. FIXD will lower your auto repair bills, preserve the long term health of your car, and increase its lifespan. Get started today.
7. $34.6 Billion Is Currently Unclaimed By American Taxpayers Who Qualify
Saving money is as much about supplementing your income as it is about penny pinching. Finding additional sources of income is one of the best — and necessary — things you can do for your future. Right now, a brand new and little known program is making $34.6 billion available to Americans who qualify — FREEDOM CHECKS. In fact, thousands of Americans have signed up to get “Freedom Checks.” These checks are so big, they make Social Security (and every other government program) look pathetic! Take Doug Smith, a 46-year-old from Joplin, Missouri, for example. He’s signed up and next month he’ll get a check for $24,075. Today, Matt Badiali, a financial expert, is revealing how anyone – regardless of age, income or net worth – can start collecting these FREEDOM CHECKS, and why they must be positioned for payouts no later than April 1.
8. 50 Million Of These Devices Will Be In American Homes by 2020
Right now we are living in a special generation where technological innovations are coming out at a pace that the general public can’t keep up. And because we can’t keep up, we can’t comprehend their future impact. What that means is that we may be missing out in some of the biggest financial opportunities ever. This is a special time to invest in the burgeoning technology of today which will have wide, mainstream applications tomorrow, meaning big money that is just waiting to be seized. Today, Paul Mampilly, a legendary Wall. St broker and hedge fund manager, has the inside scoop on this new device and how to get in on the ground floor. Get started today.
9. How You Can Get All The Benefits Of Cable Without The Hefty Price Tag
Did you know that getting rid of your Cable TX Box is a great way to save tons of money every month, which adds up at the end of the year? Today, a powerful new breakthrough device is helping people everywhere cut the cord, save tons of money every year, and all this without losing your access to premium programming. TVFix Antenna simply attaches to your current TV’s antenna jack, and then you get to enjoy free Broadcast TV and it’s additional regional programming for FREE. TV Fix Antenna delivers a high quality image and will save you tons of money on your monthly cable bill, and it will be a big help of stashing away more money in 2018. Get started today.
10. How Refinancing Your Home Could Be The Best Thing You Ever Did
If you’re serious about saving money in 2018, and you own your home, refinancing your mortgage may be something you may want to consider. By refinancing your mortgage to a lower interest rate, you will save more money annually by reducing how much you have to pay in the short term. With a smaller mortgage payment, you’ll free up more room in your budget for other expenses, and you might even get a cash injection for vital home repairs and renovations. Easy Loan connects you with local loan officers and banks to find you the best home mortgage refinance available. They have helped thousands refinance their home and enjoy a comfortable life. The process is quick and easy, and before you know it, you’ll have the ball rolling on getting a lower and better home mortgage rate.
11. Are You Paying Too Much For Auto Insurance?
Did you know you may be paying too much for car insurance? Recent research shows that only 5% of Americans over the age of 30 are paying less than $50 per month for car insurance. If you’re paying more than $50 a month for car insurance, and if you haven’t had an accident or ticket in the past two years, it’s time to take another look at your policy. Today, a website is helping thousands of Americans compare rates, find quotes, and track down the best car insurance policy possible. The beauty of this website is that it forces companies to compete for your business by quoting you the best rate possible. Remember, lowering your monthly insurance payment will help you save money in the long term, meaning you’ll have more money stashed away in 2018. Get started today.
12. The Man Who Pioneered 401(k)s Is Revealing His Breakthrough Retirement Secrets
Saving money doesn’t have to be all about cutting daily espressos out. In fact, saving money effectively can be boosted by a multi-pronged strategy that boosts your savings from different angles and approaches. One man, the pioneer of 401(k), Ted Benna, has finally decided to reveal all his retirement and financial secrets. Wall St. has called him the $15 Trillion Man for all the wealth he has generated over the years for others, and today, he’s ready to share that knowledge in an all-new FREE book available for a limited time to a select few. This book isn’t available to everyone, and you have to get started now before Ted decides that he no longer wants to share his juicy, “how to retire rich” secrets.
13. Bitcoin Technologies Will Yield High Future Returns
Saving money doesn’t mean you have to shut yourself off from the world because you are saving money by not going out as much. You should never lose touch with what’s going on. Right now, the Bitcoin Boom — I know, everybody can’t seem to stop talking about it! — is setting into motion BIG EVENTS that will have long term economic consequences. The technology bitcoin has birthed will be a financial goldmine that will reward those who invest RIGHT NOW. Today, a Silicon Valley Tech Executive of 25 years and who has an intimate knowledge of these new technologies and their potential consequences, is sharing how to get started right now in this next technological frontier that is just a goldmine waiting to explode.
14. Cybersecurity “Computer Code” Breakthrough Will Yield Explosive Gains For Early Investors
Investing in industries that are about to be massively disrupted is a great way to invest and get a high yield return on your investment. Right now, the Cybersecurity industry is about to undergo a severe disruption. With Cybercrime peaking every year — just last year alone $400 billions was stolen from American companies — American startups are working on revolutionary innovations that everyone is hoping will finally put a halt to cybercrime. One company, a Massachusetts-based tech start up, has formulated a computer code “breakthrough” that will change the cybersecurity industry forever. One man has the inside scoop on this company and how to invest in it in this FREE, exclusive video.
15. 1 Man’s Groundbreaking Stock Trading Method Yields Returns On 84.64% Of All His Trades
Saving money and playing the market might sound like an oxymoron, but it’s not. In fact, playing the stock market safely and wisely can be a safe way to rack up money in 2018. In fact, one man has even derived a stock trading formula that is conservative, low risk, and guaranteed to deliver payouts on 84.64% of trades. His name is Jim Fink and he’s a former Wall St. lawyer who been trading on the markets for over 25 years. Thousands of men and women who have never traded this way in their lives are using his method now, and according to Jim, “Some are already making well over $100,000 a year.” Today, Jim is sharing his groundbreaking method with a select few in this exclusive video. Get started now.