If you want to be rich, definitely don’t spend money on these 2 THINGs
Graham Stephan, 29, can almost afford to buy anything he wants. This young man earns 220,000 USD (more than 5 billion VND) a month and plans to earn at least 1.6 million VND (36.7 billion VND) in a year.
However, this YouTuber and real estate trader is still very careful in spending. Stephan says: “I didn’t like spending money, ever since I was a kid.”
He told CNBC Make It: “Instead, I saved about 99% of my income. My salary is very high, but I still limit my spending as much as possible.”
Graham Stephan, whose net worth exceeded $1 million for the first time at age 26, has saved up a fortune. Stephan shared two things he absolutely doesn’t spend money on: The first is coffee.
“I thought it was a waste to have a cup of coffee at Starbucks, Coffee Bean or so many other places, so I made it at home for 20 cents. I buy coffee at Smart & Final, which is half the price of other grocery stores.”
The second thing that Stephan always avoids is brand name.
“Secondly, brand name is one of the things I never spend money on.”. Stephan shared that instead of spending $700 on a pair of luxury Gucci shoes, he chose to go to other stores like Aldo, Call It Spring or H&M to get identical shoes for 1/100 the price. origin.
Besides, Stephan also saves a lot by shopping for groceries at Trader Joe’s, Ralphs and Smart & Final. In addition, when he goes out to eat, he often shares meals with his girlfriend to save money.
However, Stephan doesn’t just focus on the little things. To save most of his income, the 29-year-old also finds many creative ways to cut costs, such as housing and transportation.
Stephan rents out half of the apartment he owns, turning it into a place to make money.
He also bought a Tesla Model 3, which starts at $35,000. But in April, somehow, Stephan said the car he bought was completely free. Free here is not Stephan does not need to spend money to own the car. He made a video on his Youtube channel on how to buy. It became famous and had “huge” views. It was this video that “paid the full amount due for the car”.
Stephan was the first to admit he was frugal, but he was proud of it.
“To become a millionaire, you don’t have to save money on purchases. You also don’t have to work 12 hours a day. But you need to think of a different, unique way. What I do may cause many people to disagree. I don’t think there’s one method that can please everyone, but you need to think creatively and do something different from others.”
Source: CNBC
LAW & READERS
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
