How to save up to $5,000 in just one year.
So these are my best tips for anybody out there
and I like to say I'm a lazy saver,
you gotta keep it simple.
So what I love is Amazon.
I love their subscription cart.
We've heard of that.
I know you have.
Their subscription cart,
which is completely free, Rachel, right?
If you put five items every month into it.
And so keep in mind, I have little kids,
everything from paper towels to diapers,
to your cleaning products
shampoo, conditioner, right?
You'll save 15 to 20% simply by having them delivered
to you for free, it's a free service.
And on average, the person spends $108
on what I like to call the boring basics,
the toilet paper, the paper towels, the,
And the stuff that you always run out of
and then you're embarrassed, right?
And then you're running to go buy it.
So not only does this put time back in your pocket,
but on average, that's gonna save you about $250 a year.
And I swear by it.
(audience applauding)
The next one that I love is called Honey.
And so Honey is a really simple plugin.
You can get it on your desktop.
You can download it onto your phone.
It's a free app.
And anytime you go shopping online,
just with Honey running in the background,
it pulls all of the coupons across the internet.
And then, so for example, here you are
you're buying something for your toolbox.
$5 is saved and it goes right there
and it takes 10 seconds to download.
And again, it's free.
That on average saves people $125 a year, right there.
It's a free app.
Download it, again more money back in your pocket
with no effort.
Brilliant.
Which, which I love.
(audience applauding)
So the next one that we're gonna go through.
So Rachel, we've talked a lot about this.
I hate wasting money on things that make no sense.
Vampire electronics, which is all the electronics
in your house, when they're plugged in,
they're just zapping your your electronic bill, right?
Exactly.
Your electricity bill,
but worse, it's not good for the planet.
And so one of the things that we swear by
are these surge protectors, they're really inexpensive
but so if we go through on average your computer
when it's plugged in, because it's sleeping
is still pulling the electricity.
That's $25 a year, just sitting there when it's plugged in.
Things like your digital cable box, $23 a year.
And so by simply using these devices, you can put $150
back into your pocket. This is a big one.
These are super inexpensive, and they also
will protect your computer and your cable box
and all that stuff from being damaged,
(audience applauding)
during a power surge.
That is exactly right.
And I think that the major takeaway for me
is it's also good for the environment
That's right.
So it's like, you're not only saving but,
at a time like this when we all wanna protect the planet.
It's awesome.
So I love it.
That's a triple, triple threat there, it's a good one.
Speaking of your cable box.
So right now the average person in the country
spends $150 per month on their cable bill.
And with all of the incredible technologies
that we're seeing from Hulu,
which is $40 per month
or if you think about YouTube online
which is in many cases, can even be free.
What we're finding is $150 per month versus $40 per month
you can save a thousand dollars per year
right there with very little effort.
And what we're finding is everybody's cutting the cable.
And so right there, lots of money back in your pocket.
Tons of money, right.
And then I wanna transition
(audience applauding)
to one of my most favorite tips.
All of us have a little bit of free time.
And now we live in a world where anybody can monetize it.
So with this gig economy, you have not just the Ubers
and the ability to drive, but you have companies
like TaskRabbit, which are available everywhere,
where if you have any skills of any kind,
if you wanna go help somebody put together
their Ikea bench that they need help with.
If you wanna help somebody paint a bench.
You can monetize your hobby.
If you tutor, if you're a soccer coach, if you
teach guitar lessons, all of it, the average person
is earning $150 per month, which is $1,800 a year
of money back into your pocket that you can put
into your savings account.
You can help pay for your kids' college, whatever it may be.
And everybody has a hobby.
Those hobbies are actual skills, and you can offer them
to other people and get paid for it.
And also people love it.
It's like people love being useful.
And so we even at Inspired Capital, my firm,
we invest in a company called Umbrella,
which helps people pay to go help their neighbors.
So if you have somebody above the age of 60
who needs somebody to fix a light bulb,
'cause they can't climb up on a ladder
and you'll make $15 an hour, which is amazing
and you get to help out your neighbor.
It's fantastic.
So it's called Umbrella.
And then the final thing, which is one
of my personal resolutions this year,
which is the average family spends $3,365
eating out every year.
I know I am like part of that set.
We are trying so hard not to do it, but if you simply just
cut eating out in half and you eat in
one to two more nights a week, and just again
I was telling her I was using her recipes.
How about you make a couple 30 minute meals.
(audience applauding)
On Sundays I cook two meals.
I put 'em in the fridge.
That's my new res, my new resolution.
I cook ahead too, that's great advice.
What, whatever day you have the most amount
of time, cook ahead a couple of meals.
You'll eat more fresh food at home.
But that's $1,700 back in your pocket.
And with very few super simple tips and under an hour
of basic effort, that's $5,025
back into your pocket.
Boom.
(audience applauding and cheering)