HiddenTreasure eBook.pdf

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Hidden
Treasure
e-book
Complied by
Sandy Forster
www.WildlyWealthy.com
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“ If your outgo exceeds your income, then your upkeep will be your downfall” - Bill Earle
The key to becoming wealthy is investing. Millionaires spend money on things that grow in
value, while the poor spend $'s on things that lose value.
Below are a few ways on how to find between 20 - 50% MORE money each week that you can put
into paying off your debts or into investments to multiply.
You must make your money work for you, instead of you working for your money.
"Live beneath your means - don't make the mistake of looking good and going no-where" - Robert
Kiyosaki
Most Millionaires became millionaires by being frugal until their investments began producing
them enough income to live off and then splurge on!
Being frugal does not have to mean being a penny pinching miser – it’s simply making better
choices, ones that will move you TOWARD your dream of financial freedom.
Frugal - economical in use or expenditure: prudently saving or sparing
Economical - avoiding waste or extravagance
Prudent - wisely cautious - careful of one's own interests - careful in providing for the future
The idea of saving money is not to spend at a later date, it's to pay off your debts faster or to invest.
The spirit with which you undertake saving this money is vital - if you do it from a place of lack,
you will attract more lack, if you do it from a place of excitement about paying off debts faster and
having more to invest, you will then attract more money.
If you implemented even half of these strategies - you will save thousands of dollars a year, which
you can put towards paying off debts or investing and making your money multiply. You may
find it helpful to put the money you save immediately into paying your debts/investments that day,
otherwise the money will evaporate into other expenses.
These ideas were compiled over a one year period from the many enthusiastic participants in a
program called The Millionaire Mindset Program. Once you get excited about saving money, you
too may discover many ways you can use your money wisely and therefore have more to multiply!
Enjoy and have fun – and remember - it’s all about how you FEEL!
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Accommodation:
1.
Rent out a room
2.
Enquire at local University about taking in overseas students (approx.$70-150 board per
student/wk)
3.
Rent your house out over holidays - tourist areas can make $2500 in one week during peak
season
4.
Buy a smaller house, live more simply, sell or donate unnecessary appliances, furniture &
clothing.
5.
If renting, look at something cheaper – in winter you don't need a pool
6.
Why pay rent or mortgage when you can live rent-free. Check out www.caretaker.org .
Banking & Money:
7.
Monitor your credit card balance. Shop for introductory offers, close accounts you don’t
use
8.
Have an automatic deduction to pay off bankcard, hence avoiding late fees.
9.
Consider changing your checking account to one with a smaller monthly charge.
10.
Be conscious about everything you decide to purchase.
11.
Only use your own bank’s ATM - you pay fees to use others
12.
Organise anything superfluous for a garage sale.
13.
Buy right at auctions & sell at markets.
14.
When receiving a pay increase/winnings/gifts - pay off debts or invest difference
15.
Stop spending coins. Save change from EVERY purchase and deposit in Savings account.
16.
Have a portion of your pay automatically deposited in your Savings account
17.
Spend down, any extra money you have at the end of the month put away in your Savings
acct.
18.
Have friends/family give you $$ instead of gifts for your birthday/Xmas, etc. and put that
away
19.
Tax yourself 10% of the purchase of any "luxury" item and put that away.
20.
Barter/exchange your services for others goods/services
21.
Congratulate yourself every time you do something different and helpful in saving money
22.
Refinance your house to lower repayments
23.
Pay bills regularly - don't pay late fees/disconnection fees
24.
Don't let cheques bounce - $25-$35 fee each time
25.
www.lowermybills.com (a US based site) offers discounted internet, utilities, wireless,
loans, insurance etc. Long distance 4.5cpm anytime, credit cards - debt relief.
Beauty & Personal Care:
26.
Get haircut at a Hairdressing School, and save over half the cost.
27.
Space out regular appointments - massage, hair, chiropractors, adding an extra week or 2
between usual appointment times will save you thousands over the years
28.
Give up your addiction eg. Stop smoking, drinking alcohol, café lattes, eating chocolate
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29.
If you utilize the services of a professional hairdresser for colouring, they may be willing to
supply the colour number/code and brand name of your hair colour. Get colour, toner,
squeeze bottle and gloves at a local Beauty Supply outlet store and do your own touch ups.
30.
Shave your own legs, saving the cost of waxing.
Books & Magazines:
31.
Instead of buying books, get them from the library for free
32.
Read to gain knowledge instead of watching T.V.
33.
Buy books from www.half.com at a deep discount, or amazon’s used books
34.
Ask yourself “Do I really need this or can I sit in the CAFE and skim what is pertinent to
me?”
35.
Cancel your subscription to magazine and buy fewer newspapers and magazines.
36.
Save money on certain books - download free articles from Harvard Business Review web
site.
37.
Investment research. www.motleyfool.com is an Internet group offering to set a person up
with freebies for 2 weeks to see what types of investment publications they find most
helpful. One can decide at the end of the two weeks if they want to subscribe to any of
these offerings, and some are offered at reduced prices just for being a motleyfool Internet
subscriber. Once you know what you like to read - just head on over to the library or the
local coffee shops.
Car:
38.
Keep current with car maintenance to prevent engine problems from belts that break, tires
that may blow out OR cause an accident if they are worn.
39.
When replacing tyres for your car use the Internet to locate less expensive top brand name
tyres that are specific to your car make and model. These Internet outlets are happy to ship
your tyres directly to your local tyre shop. Almost all tyre shops will accept the drop
shipped tyres, and won't tack on any extra fees for having received the tyres. You get the
benefit of paying a low fee for a top brand tyre + choose the local people you trust to install
the tyres at a cost less than one of the big "chain" tyre shops.
40.
Make sure your car insurance is for the present value of the car and reduce it each year if
appropriate (Insurance companies pay out based on the current value of the car, not the
insured value – unless you are insured for ‘replacement cost’) Consider whether its really
worthwhile holding comprehensive car insurance, especially for a car more than 3 years old
41.
Every three months, or more often if specified by your vehicle owner's manual, and prior to
leaving on a trip, check the tyre pressure and the other fluids which include:
Transmission fluid, Brake fluid, Power steering fluid, Radiator coolant (check the clear
plastic bottle), Windshield washer fluid. It is important to keep the fluids at their full-level
marks as these lubricate moving parts to reduce friction, heat, and wear. They are the
single most important factor for extending the life of a vehicle.
42.
Make sure to change the oil every 3000 miles to extend the life of the car. .
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43. Keep a car a little longer than you want
44. Never buy a new car, it’s price drops dramatically as soon as you leave the car yard
45. Wash your own car at the car wash Use coupons when you have your car washed –
internally and externally. Saves water and time. Also keeps car in good condition. Use
hand, coin-operated vacuum in-between if there is excessive dirt that may damage the
carpet, and clean windshield when you fill up the tank
46.
Shop for the lowest gas/petrol prices – service stations sometimes have specific days when
they charge less
Clothing:
47.
Shop for clothing at 2nd. Hand shops
48.
When shopping for clothing and accessories ask yourself "Do I really, really want this
item? How often will I use it"
49.
Eliminate clothes that need to be dry-cleaned from your life. Better for the environment and
your pocketbook!
50.
When you go shopping for clothes, ESPECIALLY in sales, be sure you know what you are
looking for – browsing is dangerous, and so are sales shopping without a list!
51.
Have a clothing swap party – get your friends and their friends around and invite them to
bring all the clothes that no longer fit them or they just don’t wear. Everything goes in the
middle and your names go in a hat. Draw out the names and you get to choose an item
each until they’re all gone
52.
If you shop at high-end consignment stores, purchase ONLY clothes that look fabulous &
fit like a glove.
Entertainment:
53.
Have big celebrations at special places. Go to hotels for shared afternoon tea which is
cheaper than dinner
54.
Stop renting videos - tape good shows on T.V
55.
Really THINK about the value of what you sign up for – e.g. cable TV. How often will you
watch it? Do you usually watch the no-pay stations anyway?
56.
Alternate weekly dinner with friends (at our homes) Treat as a special night out.
57.
Buy theatre tickets for same day performances by standing in line for cancellations at
standby rates.
58.
Encourage kids to get a summer job, rather than send them to camp
59.
Celebrate at the beach or other beautiful free places with food & drinks to share
60.
Eat out less.
61.
Buy Take-outs less.
62.
Cut out Hungry Jacks/McDonalds treats.
Foods & Groceries:
63.
Buying fresh fruit & vegies from markets.
64.
Don’t buy fruit juice... water & milk only.
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