The 5 best (and worst) frugal living tips {we realize}

Everyone, {I’ve} a confession to make…

…I’ve been WRONG about ultra-frugality this whole time.

That’s right. {As it happens} that ultra-frugal living tips – ones that’ll {save} literally {A large number of} dollars {each year} – {will be the} best {answers to} your financial woes.

Who do {I must} thank for opening my eyes?

Why, websites with listicles for the “XX best frugal living tips” {needless to say}! Without their amazing, not-at-all-scream-inducingly awful insights on human psychology and personal finance, I wouldn’t have realized that {my entire life} of eating avocado toast, drinking lattes, and doing {things that} {I must say i} love are actually holding me back {from the} Rich Life.


Whoa, sorry {about this}. {There should be|There has to be} a gas leak {in my own} apartment. What I {designed to} say was ULTRA-FRUGAL LIVING TIPS ARE COMPLETE BS. {If you believe|If you feel} that clipping coupons and {hearing} frugal living “experts” {are certain to get} you {nearer to} living a Rich Life than {concentrating on} the Big Wins, you’ve got {one more thing} coming.

I’m {fed up with} seeing terrible frugal living “advice” {on the market}. That’s why {I wish to|I would like to} put {heat} on {a number of the} absolute dumbest advice I’ve ever {observed in} {my entire life}.

These are actual, real tips I’ve {entirely on} {a particular} website {thousands of people} {head to} for personal finance help {on a monthly basis}.

Sit down, students. Class is in session.

Bad frugal living tip #1: “Make DIY things {and prevent} {spending money on} stuff!!”

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LOL {you understand} what’s {a good way} {to possess} guests NEVER {desire to} go to {your home} again? {When you are} so damn frugal that you make ugly chairs and tables that collapse at the slightest breeze {rather than} buying them.

Hell, {if you don’t} actually like DIY ({that is} fine!), nobody should turn to it as {a method to} save money {on your own} day-to-day. Why? {We ought to|We have to} use our {time and energy to} do things we love. If you’re making things out of obligation to your bank balance, it’s {time and energy to} “DIY” yourself {a fresh} bank balance. {The issue} isn’t that you don’t have a chair. It’s that you don’t have {the excess} money {to get} the one {you will need}.

The reason people turn to crappy advice {such as this} is purely psychological. Our culture has convinced us {that people} shouldn’t {purchase} simple luxuries {therefore} we turn to advice like “Just make {your personal} clothes and cut {your hair}! It’s cheaper!!!”

My {applying for grants} that:

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Instead, {I’ve} {a means} that’ll {enable you to} spend {your cash} on {just what} you want {on a monthly basis}.

Alternative frugal living tip: {Create a} conscious spending plan and {devote to} {the items} you love

Conscious spending {may be the} be all and end all {treatment for} indiscriminately {eliminating} {things such as} buying lattes {to create} {your personal} coffee {in the home} {as you} don’t {understand how} much {it is possible to} actually spend {every month}.

This system {tells you} {how much cash} is in {your money} {to invest} without you {fretting about} {needing to} make rent and {settle the bills}, because it’s {recently been} done for you.

How? Through automated finances. {This is actually the} system where your paycheck automatically divvies up and transfers to where {it requires} to go {once you} receive it.

Here’s a 12-minute video of me explaining {just how} {to accomplish} it.

Bad frugal living tip #2: “Get multiple {bank cards} {for his or her|because of their} bonuses!!”

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If you like watching your {credit history} fall faster {when compared to a} college freshman after his first keg stand, {I’ve} some frugality advice you’ll love: {Start} {a lot of} credit cards {for his or her|because of their} bonuses!!!

It’s free money!!


No. {Not merely} is {checking} multiple {bank cards} {likely to} negatively impact your credit score, but it’s also {this type of} SMALL win, it’s {not} {worthwhile}.

Sure, your credit utilization rate {will undoubtedly be} up – but that, {in ways}, {can in fact} {be considered a} bad thing. {Registering for} four different {bank cards} {because of the} perks (which exist SOLELY to sucker you into {obtaining the} card and running up {an enormous} balance) is giving yourself four more avenues to {belong to} debt. {And when} you’re {ready} of {registering for} cards just {so that you can} squeeze out {the money} back perks, candidly, you shouldn’t open new {bank cards}.

And {in a day and time} {where in fact the} average American household has nearly $17,000 in {charge card} debt, {do you consider} it’s {smart to} give yourself more opportunities to dive head first into debt? No, I didn’t think so.

Don’t {misunderstand me}. {I REALLY LIKE} certain credit cards {because of the} perks – {nevertheless, you} shouldn’t just {join} one {with the expectation} that you’ll make quick cash. {It must be} a long-term effort {that occurs} only after you’ve {paid} {all your} debt.

Alternative frugal living tip: Get your {credit history} and improve it

Improving your {credit history} is potentially worth tens of thousand {for you}. Seriously. Here’s why:

Imagine {you can find} {two different people}: Olivia and Andrew.

Olivia {includes a} few {bank cards} and {ensures} she pays her bills {completely} and {promptly}. {Consequently|Because of this}, her {credit history} is 760, {that is} awesome.

Meanwhile, Andrew keeps doing dumb {things like} {checking} multiple {credit lines} because he’s swayed by the bonuses. He often forgets {to cover} {some of} his bills {promptly}, {so when} he does he only pays the minimum. {Consequently|Because of this}, {he’s got} a {credit history} of 620, {that is} abysmal.

Eventually, they both {end up buying} a similarly priced house. Who {do you consider} {must} pay more for {the home} {over time}?

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Over 30 years with {a home loan} of $200,000, Andrew {find yourself} paying nearly $68,000 more than Olivia in interest – all because his {credit history} is sub-640.

This {is really a} BIG Win (unlike opening {bank cards} {simply for} the rewards).

And it’s {not only} homes. Your {credit history} impacts purchases on cars, getting apartments, {and may|and will} even affect {whether} you get {employment} (47% of employers run credit checks on potential hires).

So don’t {end up like} Andrew. Instead, {have a look at} my articles explaining exactly how {it is possible to} {enhance your} credit score and get out of debt, and put yourself {in relation to} saving {thousands} today.

Bad frugal living tip #3: “Take surveys for quick cash!!”

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{I’d like} everyone {to say this} with me.


Sure, {you’ll get} money – but it’s bad money.

I’m {discussing} {creating a} few dollars for a half hour {of your energy}.

Say a survey pays $10 {also it} takes {half an hour} {to complete} it. That’d be $20 {one hour} you’re making, {that is} good…right?

NOPE. {Particularly when} you consider {the truth that}:

  1. Those surveys come {few in number}.
  2. You {could possibly be} putting time into {getting a} stable job {you like}.
  3. You {might use} {exactly the same} half hour {to save lots of} {a huge selection of} dollars with {just a couple of|just a couple|a few|only a few} {calls}.

And I’m {likely to} show you {just how} those {calls} {could help you save} {at this time}.

Alternative frugal living tip: {Make the most of|Benefit from} hidden income

Hidden income is money {you could} be saving {at this time} through simple negotiation tactics ({rather than} weird scammy “gigs” like taking surveys).

It’s pure 80/20 rule – where 80% {of one’s} results {result from} 20% {of one’s} work.

With {just a couple of|just a couple|a few|only a few} one-time, 5-minute {calls}, {it is possible to} save HUNDREDS {per month} on bills {for the}:

  • Car insurance
  • Cell phone plan
  • Rent
  • Cable
  • Credit card

It’s simple too – {you can find} only 3 things {you must do} to negotiate {with one of these} companies on fees and rates:

  1. Call them up.
  2. Tell them, “I’m {an excellent} customer, and I’d hate {to possess} to leave {due to a} simple money issue.”
  3. Ask, “{So what can} you do {for me personally} {to lessen} my rates?”

Of course, you’re {likely to} {desire to} adjust this formula for whatever company you’re calling. {Have a look at} my video on negotiating your bills for {an excellent} system that’ll {give you a hand}.

Along {together with your} bills, {you may also|you can even} be EARNING {additional money} through salary negotiation.

This {is in fact} {among the} easiest {methods to} {enjoy better paychecks}. {And perhaps}, {obtaining a} raise only {requires a} single, 15-minute conversation {together with your} boss.

If you’re {thinking about} learning {how exactly to} {increase your} income {forever}, {have a look at} my Ultimate Guide to Salary Negotiation (it’s free). {It offers} HD videos, word-for-word negotiation scripts, and walks you through each step {along the way} {to getting} a raise.

It’s {an instant} win, {and you ought to} absolutely capitalize {onto it}. But if you’re {searching for} something that {requires a} {little more} time – with {far more} upside – {you should think about|you should look at} starting a side hustle.

Which brings me to…

Bad frugal living tip #4: “Sell {your own hair} on eBay for cash!!”

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As a hairy guy, {this will} be {very good news} since I’m probably {travelling} with {thousands} attached to {my own body}. Unfortunately, though, I don’t {desire to} meet the {one who} {really wants to} buy my hair.
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Don’t {misunderstand me}. {I REALLY LIKE} it when people embrace their inner-entrepreneur – but my issue with selling {your own hair} is that it’s {not just a} long-term {treatment for} {your cash} problems.

If {you would like to|you need to|you wish to} sell {your own hair} {as you} were cutting it anyway, I still don’t think it’s worth {your time and effort} and energy {to} sell it. {Your time and effort} is valuable. {Rather than} spending it {being truly a} human hair farm (that’s my new punk {rock-band} name btw), I’d {prefer to} suggest {an easier way} {to accomplish} it…

Alternative frugal living tip: Sell your skills with a side hustle

From my years of experience running {my very own} business and teaching {a large number of} {visitors to} start {their very own} {aswell}, I’ve {discovered that} there’s no {easiest way} to {work at} {your personal} Rich Life than by starting {your personal} freelance side hustle.

By {using the} skills and talents {available}, {you can begin} freelancing and generating {a reliable} {income source} {privately}.

And {the very best} part: You don’t {have even} to quit {the work} you {curently have}. By {focusing on} your freelance hustle for {one hour} after work {and some} hours on the weekend, {it is simple to} start gaining clients and earning {additional money} this week.

To {help you to get} started, {have a look at} my article on how {to create} {extra cash} on the side. It’ll {provide you with a|offer you a} solid system {on what} exactly {you may get|you will get|you can find|you can obtain} your hustle {ready to go}.

Bad frugal living tip #5: “{Join} clinical trials for {more income}!”

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{Perhaps you have|Maybe you have} wanted a gig in science but didnt {wish to accomplish} {the complete} “school” thing? {You may make} money by devoting {several hours} {from your} week {to possess} actual scientists observe and study you!

…or {it is possible to} save your {hard work} and devote {you to ultimately} learning skills that’ll actually get you {the work} you want and {get you} cash.

I’m not saying that clinical trials are bad. {There exists a} {large amount of} good {that may} {result from} participating in clinical trials. They’re incredibly important {with regards to} advancing medicine and scientific research – {and when} {you’ve got a} rare disease or abnormality, {it is possible to} help doctors and researchers better {learn how to} treat others {as if you}.

However, {I wish to|I would like to} make {a very important factor} clear: CLINICAL TRIALS {AREN’T} {A LIFETIME CAREER}!!

And yet, {a lot of people} actively treat {things such as} taking surveys and {taking part in} clinical trials for cash {in an effort to} make “income.”

Instead of {attempting to} {create a} quick buck by {registering for} clinical trials, {try out this}:

Alternative frugal living tip: {Join} my newsletter

You should always {maintain} {circumstances} of curiosity. Ask questions {once you} don’t understand something and don’t {hesitate} {to search out} {more info} through books, courses, or schooling. It’s only then {that you could} {desire to} truly live your Rich Life.

Your thirst for education {ought to be} constant and voracious. I don’t care if you’re {scanning this} in your twenties or your sixties. There’s always something {not used to} learn {that you could} {increase} your well of knowledge to draw upon.

That’s why {I wish to|I would like to} invite {one to} sign up for my newsletter. {Each day}, you’ll receive {the best|among the best} insights and systems into personal finance and development {on the market}. If you’re {fed up with} {all of the} scammy “tactics” and snake oil salesmen, {it is possible to} stop worrying.

IWT’s got your back.

Do {you understand} your earning potential?

Take my earning potential quiz {and obtain} a custom report {predicated on} {your specific} strengths, {and find out} {how to begin} making {extra cash} – in {less than} {one hour}.

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