- For years of my life, I did not save $1.
All of a sudden I saved $38,600 in only five months.
I wanna show you how I did it.
(upbeat music)
Hey, I'm Terri Savelle Foy, your cheerleader dreams.
So how in the world that I saved $38,600 in five months
when prior to that I didn't save a dollar.
While their answer, the short answer to that is vision.
My husband and I had such a vision
to move into our new house and we had to have the money
within five months.
(laughs)
Now here's the sad thing,
after we say that incredible amount of money,
and let me say this real quick
because you may or may not be impressed by that number,
but to put it in perspective,
my salary wasn't even 38,000 for the year.
So for us to save that much money
in five months, it's miraculous.
But we started looking for opportunities like crazy to work,
to use the work of our hands to make extra money,
and we reached our goal.
Well, here's the sad thing,
this is embarrassing to tell you, but it's the truth.
After we reached that phenomenal goal of saving
that much money in five months,
we moved into our new house and are you ready for this?
Years went by and we did not save $1.
Why?
you would think we were so motivated,
we just keep doing it.
Keep the street going.
We did not save $1 for years, why?
We didn't have a vision.
We had no compelling vision to save money,
so we just spent everything we had.
Well, the Bible actually says, "The wise have wealth
"and luxury, but a fool spins whatever he gets."
We were fools, maybe you're a fool, I understand.
Well, the bible there's a scripture in the Bible that says,
"Where there is no vision, the people perish."
Well, that's true about everything
where there's no vision for your money, it will perish.
And that's exactly what was happening,
our money was perishing
because we didn't have a place for it to go.
So Mark Twain said,
"I can teach anybody how to get what they want in life.
"Problem is I can't find anybody who can tell me
"what they truly want."
So you've got to know exactly what you want
for your finances, for your financial future
before you're ever gonna get it.
So they say, "The biggest push to change
"is being faced with reality."
Well, this right here today,
this pandemic, we're going through this COVID 19
this is the biggest wake up call to reality.
When I was in high school,
we didn't have cell phones, we had the little landlines
and my mom and dad had their own number
and I had my own phone number
and my mom would literally call me
every morning at five o'clock in the morning
and she'd say, "Honey, this is your wake up call."
Well, I'm telling you, this is our wake up call,
this pandemic should be such a wake up call financially,
especially when you hear 53% of Americans
have no emergency money right now.
Well, I was in that boat years ago
and I had to have my own wake up call
to say something has to change.
So I wanna share with you six tips
that helped me change my thinking financially
and set me up to be blessed,
to be comfortable, to go to sleep at not, not worried
or in fear of how long is this going to last
because I don't have anything set up.
I don't want you to live that way
and I'm gonna show you what I had to learn
so that you never ever have this kind of
caught off guard moment again, you ready? okay.
Number one, educate yourself with money.
You know, they say that the people who win the lottery,
70% or one in three who win the lottery file bankruptcy.
And you think how in the world they have millions of dollars
and they're not only broke but they filed bankruptcy.
You know why?
They've never been educated with money.
It's just like the Bible says in Hosea it says,
"My people are destroyed for a lack of knowledge".
In other words, what we don't know can hurt us,
well, I didn't know how to manage money financially
I didn't know how to save and invest and all that,
so you have to educate yourself.
Dave Ramsey says, "If you want to be rich,
"study which people you want to be skinny,
"study skinny people."
So you have to study,
in fact, in your free download this week,
I put together the top three financial books.
I highly recommend you get, Start with one,
you could order it on Amazon today.
Get it shipped overnight and start reading.
You know, they say the average person watches
six hours of TV a night.
Well, during this pandemic you're probably watching like 12
or 18 just turn the TV off and say,
I'm working on my financial future,
I'm building my financial wealth,
and go read one of these books.
Make a decision that finish one of them
during this quarantine.
And you know what?
What I did when I started reading these books
is I started making a checklist of things I wasn't doing
that I needed to do.
And then as soon as I finished the book,
I started going down the list.
So number one, educate yourself with money,
and in the description, I've got my top three books
that I recommend you read, now today.
Number two, see where your money is going.
Do you know where your money's going?
Do you know what your overhead expenses are?
You might say overhead expenses, What's that?
Well, it's what do you need to keep a roof over your head?
Think of it like that.
What is your mortgage and your rent?
What is your electric bill,
your water bill, your insurance, all the necessities
that you need to have to keep a roof over your head.
What is that bottom line number?
Because you need to know that number.
And if you've never added all that up again
or ever before in the free download,
I put a website in there that you can go to
and plug in all of your numbers
and it will show you exactly what your overhead expenses are
and what your budget is.
Now this just gives you a clear picture
that you've got to have.
So click the link in the description and you'll also get
that free download, that free website,
but also look for areas you can cut,
Where can you cut expenses from your budget?
You don't think about it, You like my scissors.
Think about it this way,
I used to spend like $7 probably every three days
getting my daily burrito and my nachos.
Well, that doesn't sound like much,
but that's $21 a week, right?
Well, over the course of a year,
that's $1,100 I was spending,
or you could say eating up for my burrito.
Now keep in mind,
most Americans do not have $1,000 in an emergency account.
Well, if you would just cut out the daily burrito
three days a week, you'd have $1,100
in an emergency account.
Wouldn't you feel peaceful right now
knowing you have $1,100 set aside, What about this?
Think about your nails, look how jacked up my nails are
during this quarantine.
It's like split in half, it's disgusting,
but that's not my point.
Think about this, ladies,
we spend on average 30 to $60
just getting our nails to look pretty.
Well, let's just say for a season, you say,
I am passionate about building my financial future
and I'm not gonna have fake nails for one year.
Do you know that just do them without the pretty nails
for one year, you could still paint your nails.
You could save close to $600
put $600 in your emergency account.
Or think about gym memberships,
they say the average membership is around $58 a month.
Well, they also say, 68%
of gym membership owners do not use the membership.
So what if you were to take that $58 a month
and put it into your emergency savings?
You would have $700 already prepared.
So number two, you got to see where your money's going
and look for areas to cut expenses.
Number three, set some new financial goals for 2020
if we ever needed a wake up call,
it's now so make a decision
that you will never be caught off guard again,
you will never be in this situation ever again.
So you need to know
how much money do you wanna save by December 31st,
like what is that number?
Write it down, is it a thousand dollars,
three thousand, five thousand, ten thousand
wherever you are financially,
how much do you want to save by December 31st,
what about this?
How much debt do you have?
What is that number?
You need to know what that number is.
See it clearly written down,
how much debt do you want to pay off?
Is it two thousand three thousand 1600 4,000
what is that number?
Set some new financial goals for this year.
Maybe it's save a thousand dollars,
pay off the MasterCard 3000 go on a trip, a vacation, 4,000
whatever your financial goals are,
you've got to put them in, Write them writing
and put them in sight, out of sight, out of mind,
so keep them before your eyes, okay?
Number four, give your savings account a new name.
Give it a new name, because the words savings account
doesn't sound so exciting and motivating.
But what if you retitle it to my dream
or funding my dream funding my future Or what about this,
my personal wealth, what have you titled it that?
And then every time you look at your personal wealth account
and you see $350 that's it or what have you called it?
My net worth, and every time you log in
and you see my net worth $600 that's it.
Let me just tell you, you're worth more than that,
and when you title it differently, it compels you to say,
I am determined to save a portion from every single paycheck
because I'm worth more than 600 bucks.
So retitle it and start getting aggressive
about saving money.
And here's a tip, make it automatic,
there's an option on your online banking account
where you can just click a little button that says,
do this monthly, do it weekly, do it quarterly.
select the button so that every single paycheck,
a portion of it is automatically
put into your savings account, make it automatic.
Number five, look for opportunities to make money.
Now, when Rodney, doing this back in, the nineties
and we were trying to save $38,600 in five months,
we were looking for every opportunity imaginable
to save money, legal and ethical, let me say that,
but I was teaching French to little kids after school
and their parents would pay me,
I was writing books for other people, Rodney was,
he went to an auction and bought a pinball machine
and sold it, doubled his money.
Rodney went door to door in our neighborhood
with a little paint cans and some stencils,
and he would ask people
if he could paint the address numbers on the curb
for $5 I'm serious.
And sometimes he would come home with 25 bucks
or a hundred dollars
and we would Mark it off reaching our goal
towards that 38,000.
So look for opportunities to make money,
Oh, it looks like my husband and my big dog.
(laughs)
Just walked here.
Hi, baby girl.
Hi.
(laughs)
Okay, there's Ronny.
Do y'all wanna be on YouTube?
He's never on here with me,
there's the guy I'm talking about,
he would go door to door and paint those address numbers
and not the cutest thing, okay.
So let me pause for a minute and I'll come back
and share the final step, hold on.
Okay, that was cute,
okay, I wanna see your real quick
because this I would say is the greatest key to my wealth.
And it's not gonna be what you expect,
the greatest thing that has caused the most wealth
and blessings, let me fix my bow in my life,
has been my giving, generosity.
The Bible actually says, "It's possible to give
"and yet become richer."
One translation says, "A man's harvest in life
"depends entirely upon the seed that he sows."
And other words, if you want to know where your life
is headed and how your financial future is gonna turn out,
look at your giving because God said
the whole universe operates on this principle,
the law of seed time and harvest.
So if you have a need, sow a seed, right?
And God's talking about financial aid,
So look for opportunities to be a blessing,
during this pandemic I was told so many negative things,
all these conferences are canceled, events are canceled,
and naturally speaking, it looks like
we're not gonna reach our goals.
But do you know what my first act was?
I'm not gonna go on the website and make everything 50% off
and try to make a lot of money and try to sell things cheap.
What my first decision was to give,
to be a blessing to give to churches and ministries
and give to people in need, and do you know what,
God always honors at generous heart.
Do you know?
And this is totally the Lord,
our ministry had more transactions on our website
and the first week of April,
then we had the whole month of March.
Why?
Because we chose to give.
So I wanna challenge you, make generosity,
make giving a priority in your life, and I'm telling you,
you're gonna see your finances go to a whole new level
because you can't out give God.
He always honors a generous person,
so look for opportunities to be a blessing,
give to someone who lost a job,
give to someone who's hurting financially,
give what you have.
The size of the gift doesn't matter as much
as the significance of it.
So look for opportunities to be a blessing,
and let me remind you, get your free download this week
because in there you'll see
some money saving tips I put together,
you'll see the books I recommend you read about money,
and you'll see the website
where you can start
plugging in your numbers to get your budget.
So I hope you enjoy this and remember I'm cheering you on
to live your dreams.
Thank you for watching.
(upbeat music)
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and remember, I'm cheering you on to live your dreams.
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