When we need to make some serious changes to our personal finances, the small tweaks and changes aren’t going to cut it. Instead, we need to take a look at some of the bigger money moves that will allow us to drastically save and invest more of our money. And often, this isn’t an instinctual response. For many reasons we tend to immediately focus on and get bogged down with the little stuff- it’s the small money moves that often get much of the attention. For example how often do we hear about cutting out a latte or the proverbial avocado toast. But while it is certainly easier to forego a to-go coffee than to look at the bigger money levers in our life, those changes are also going to have a far smaller impact. It’s time to focus on the big stuff!
Additional links from this episode:
- There are many ways to make some big money moves in our lives- for instance massively increasing how much you can earn. Listen back to networking with Jordan Harbinger, negotiating like a boss with Ramit Sethi, and negotiating during a pandemic with Rich Jones.
- Cut your big housing expenses by house hacking and turning a monthly expense into a cash generating asset with Airbnb. Slash your grocery budget with Budget Bytes and cut your transportation costs by becoming a 1 car family.
- And when you’re investing, keep more of your money by keeping costs low- retirement investing is simpler than you think.
During this episode we both enjoyed a Holmberg Bound by Four Peaks Brewing- thanks to Jacob for donating these beers to the show! And as we’ve kicked things off with a bang in 2021, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!
Best friends out!