14 Simple & Short Steps To Save & Manage Your Money

We all can do more to save money, I've made a list of 14 tips that you could do to help you save yourself more money:

1. You won’t get or keep more money until you learn to manage what you already have(If you hoard OR waste people won’t give you more money)

2. It's OK (even good) to love money, but wise to manage & understand it(Continual learning & improving your money mindset & skillset - learning NEVER stops)

3. The 6 Levels of managing money are:

• Get out of debt
• Save
• Invest
• Speculate
• Diversify
• Insure (in that order)

4. Never spend more than you earn (Leverage debt/credit cards for assets or education/self investment ONLY)

5. Pay yourself first. At the end of each month on payday staining order money for yourself. Save some, invest some and spend some on you

6. Save a target % of your income & increase it over time(Most people over 100%. Even if you start @ 99/1, increase to 95/5 - compounding, momentum & velocity build up over time until you get to 20/80)

7. Once out of debt (target date), build 3-6 months liquid savings, then max out your ISAs every year (you, set up your partner & kids too)

8. Invest in assets that pay passive income that you invest back into assets or pay for liabilities (Example property ￡200 pcm net cashflow from JV finance, then get a car on 3 year lease at ￡200 pcm = free car & your capital is preserved)

9. Save and apportion your coins. Lower value coins to save for your kids future, higher value to save for your future. Cash them in once a year and save them money (Seems small but 100millionaries do this too). MOMENTUM

10. Do the same for ￡5 notes, and break larger notes so you can save the ￡5s & fool yourself into thinking you’ve spent more when you’ve saved more

11. Prepare lunch and coffees before work. You can save ￡1,000s a year not eating and drinking out daily

12. Budget at the end of the month for the next month, by month, then break it down per day if desired

13. Set your financial stepping stone targets now (1. security (overheads covered). 2. Independence (1.5-2x overheads). 3. Freedom 2-5x overheads). 4. Opulence (shit loads of raining money)

14. Every 15 years inflations halves the relative value of money, so work this into your plans

I hope that helps. If you have any questions, please post below!