Today we are talking about five different money hacks that you have not heard of.
There are a lot of popular money hacks out
there on how to save more money or spend less money.
But I'm going to talk about some that you probably have not heard of.
I am Tiffany Thomas with Wealthy Tiffany dot
com and I achieved financial freedom at age 38.
And if you are looking to achieve financial freedom at a young age as well,
hit that like button and hit the subscribe button and we are going to dive right in.
Alright. The first money hack that I want to talk
about is when you are doing a large project, you want to get multiple bids.
I've done this numerous times with different projects at all
of my different rentals or even my own property.
But what I have found is that when I get multiple bits, there is one that is
usually lower than the rest, and sometimes it is a lot lower than the rest.
For example, when I had to get four huge
Cottonwood trees removed from one of my properties in the backyard because
three of them were pretty much dead and one of them was half dead.
So I didn't want them falling on my house or the neighbor's house.
So I got a number of different bids
and a lot of them actually came in pretty close.
But there was one bid that came in thousands of dollars less than
the other bids, so I went with that one and he also got good reviews.
I found him on KSL.
It's a popular website in Utah that people
use to list their services or even items that they are selling.
But if I hadn't put in the extra time or effort to get multiple bids,
then I wouldn't have been able to save thousands of dollars.
And even if all of your bids did come
in around the same price, at least you would know that that's the price.
That's the going rate,
and you could feel comfortable in choosing one of those bids
instead of just wondering since I only got one bid,
am I getting a good deal or am I not getting a good deal?
You'll actually know when you have other bids to compare it to. The second money
hack I want to share with you is getting rid of the word,
can't. A lot of people say, I can't afford that.
And really money is a lot about your mindset.
The way you feel toward money or
the emotions that you have about money is really important.
It is a huge part of your financial situation, and if you're continuously
telling yourself you can't afford things or you can't go out to dinner tonight,
whatever it is, then you continuously tell yourself, oh, I am lacking.
I need to make more money or I need to be
better at investing or whatever it might be.
But there's kind of that scarcity mindset and we want to get rid of that.
So by not using the word can't
and changing that to something else like, oh, you know what?
I actually would rather spend my money on something else.
So I'm not going to buy this right now or
even just, oh, I don't want to spend my money on that.
Oh, I have a goal I'm working toward,
and I really want to focus on that money goal.
So I'm not going to spend my money
on these certain things right now. Or using the word choose.
I choose not to buy this right now.
Maybe I'll buy it later.
You can tell a difference when you aren't
using that word can't because it does sound like a scarcity mindset.
And when we are changing that around
saying, oh, I don't want to buy that right now.
Then in our mind, we're not so worried about money.
We're just saying, oh, you know what,
that's not something I'm choosing to buy right now, but I could buy it later if I
want to. Because honestly, we can do whatever we want to.
It's the consequences
that may not be so good.
If we choose to buy a new couch and we don't have any money to do that,
then we'd be going into debt or maxing out credit cards,
and then we have the consequence of paying off all of that debt.
It just doesn't sound as a negative if we
aren't using the word can't, if we're just saying, oh, you know what?
That's not in my budget right now.
So I'm not going to spend money
on that. When we use the word can't, it tends to stay on our minds more if
we're saying, oh, I can't afford that right now.
Then we start to think about it later
and think, oh, well, maybe I could maybe I could go back to the store and buy it.
But if we're just telling ourselves, you know what?
I don't want that right now, then it's not something that's going
to stay on our minds, and we can move on and think about more important things.
You're the one that's in control of your
money so you can choose what you buy and what you don't buy.
It's a lot more empowering when you are
making that choice instead of just saying, oh, I can't do that.
So think about that the next time you use the word can't, and I would recommend
in any type of situation avoiding the word can't.
All right, money hack number three is to
think outside the box and get ideas from different places.
And by this, I mean, you can use Google or YouTube and figure out a better way or
a new way to be better at your finances or be better at investing or spending less or
making more whatever it is that would improve your financial situation.
See, if someone else is doing it better.
There are a lot of ideas out there and I know when I've done this for myself,
I think, oh, wow, that is such a great idea.
For example, I want to manage my rental properties better.
So I went on YouTube and looked at a few
different real estate channels, and one of them recommended staggering your leases.
So for my rentals, I have a twelve month
lease, and sometimes I have people move in at the same time.
But if I was to do 2 12-month leases
at the same time, then they would renew at the same time.
And I may have to be finding two new tenants at the same time.
But if I was to stagger that and do one at twelve months and then the other one
at nine months, then I I'm not finding two new tenants at the same time.
So there are always ways to improve your financial situation.
You just have to find them.
And going back to my earlier example
of finding a lower bid for the removal of my trees the way I did
that was actually going on to Google and looking for coupons for tree removal.
And that person on KSL happened to pop up
on Google because he had gotten so many great reviews.
And I thought, oh, why am I not looking on KSL?
And once I did that, that is when I got the lower bid.
So it's not all about you trying to figure things out on your own.
You can definitely talk to other people and look for those that have done what you
want to do and use the tips that they are sharing.
And even if you think you're doing pretty
good, there's probably some improvements you could make.
I know that is true for me.
There's a lot of improvements I can make,
so just do a quick Google search or a search on YouTube and see how people are
doing it, and maybe you are doing it the best way already.
Or maybe there is a little bit better way that you can improve upon comment below,
"money," If you are liking these money hacks.
Money hack number four is to focus on one financial goal at a time.
I know this has helped me achieve my financial goals.
For example, when I wanted to become financially free, that was my main goal.
I really focused in on that one goal,
and all of my spending decisions were based on that goal.
So I really cut back on things that really
weren't necessary or really weren't a priority for me.
For example, I ate a lot of my food storage.
I have a bunch of food in my basement in a storage room.
And if you haven't really heard of food storage per se, it's just buying extra
cans or pails of food that are going to last for the long term.
And I actually used to work for a food
storage companies, so I would get a discount on those food items.
So I had a bunch in my food storage, and I thought, you know what?
I don't want this to go bad,
so I'm going to rotate through some of my food storage.
So I used bottled peaches that my mom had actually given me.
She has a peach tree. And bottled tomatoes or even grape juice or rice or oats.
Just a bunch of different items that I had in my food storage.
I wasn't really paying to go out to eat
a ton, but just by using my food storage, that helped me save even more money.
When you have that one focus, then everything else kind of just falls
into place because you're so focused on that goal, it's at the top of your mind.
So you're thinking, oh, well, do I really want to go to eat now,
or do I want to put that money towards whatever goal I'm working towards?
And it keeps things very simple.
You're not working on a ton of different things at once thinking, oh, well,
maybe I should do this, or maybe I should do this.
Oh, I don't know.
And you just end up spending the money.
But when you're focused on just that one goal that you really want to achieve,
then you kind of just automatically start spending less and putting more money
toward that goal that you're excited about.
And it's not that you completely stop spending money on all of the fun things
going on, but you're just more prioritized.
You know what you're working towards.
You know what is really important to you, and you can spend your money on that.
And the last money money hack,
number five, that I want to share with you is one that I really love.
It makes budgeting very, very simple.
This is using an app that links all of your financial accounts to it.
I personally like to use personal capital.
And if you have watched my other videos
then you have heard this money hack before, but I really like it because you can hook
all of your credit cards, your mortgage, your 401K, even your savings,
your checking everything that is financial, and you can hook all of those
accounts to a personal capital and see it in one place.
And you can check this every day.
It takes maybe 30 seconds to update your accounts.
You can see where you're investments are.
You can see if your bills got paid or if
your paycheck came through, or if you got charged a late fee,
or if there is a subscription that you forgot about on one of your credit cards.
I know a lot of people really struggle with budgeting.
They don't really like to write down each item that they are spending their money
on and then look at it every month or every two weeks, whatever it might be.
So then they just don't even want to look at their whole financial picture.
And that is a huge problem.
We need to know where our money is going,
how much money is coming in so that we are not spending more than we are making
and that we are investing the extra money that we do have.
But if you don't know where you are with your finances, then you can't do that.
You can't set these goals or make progress with your financial situation.
So this is just a really easy way to do that.
And there are other apps out there like
Personal Capital, so you can just pick one that you like.
But if you do want to try Personal Capital, you can get a free $20
Amazon gift card when you hook one of your retirement accounts to Personal Capital
with my referral link below in the description.
So start tracking your money so that you
can set those financial goals and achieve them.
Comment below with your favorite money hack.
And if you found this video helpful, please hit that like button and share it
with someone else who would like to be better with their money and hit
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And if you want to see more content
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Thanks so much for watching.
I'll see you in the next video.