Thursday, 26 May 2016

How to really save money?

I am a very good money manager. I save a very high amount of my salary consistently every payday. I was saving 75% of my income consistently in the last three years.
I have zero debt. I paid everything, including car, with cash - no loans. I aimed to be able to afford a house with cash, too.

I am not a weirdo frugal. I wear reasonably nice clothes, shoes and accessories (bags, watch and jewellery). I go out and enjoy nice dinners occasionally.
And no, I am not a high income earner. I earn $70,000 gross per year.
And no, I don't earn any bonuses at all.
And no, I don't get anything (money, gifts, presents, bribes, or anything alike) from anyone, at all.

People always come up to me and literally complained, "why can you have that?" "how do you  afford that?" "how do you have enough money?" "you must have a rich boyfriend!"
All sort of negativities.

I always say "save, have zero debt and pay cash for everything."

May be, if I write things down, it will be much clearer.


The journey of a thousand mile begins with a single step - Lao Tzu

Like any change, any goal or any achievement, saving money must be researched and planned for.
And I did research before I embarked the journey of saving money.
I took saving money as a journey that I want to last life-long with high quality.

The research took a fair bit of time and effort. And I shall summarize and share my findings down below.


Firstly,  you must make a decision - a decision that you want to save money. Just decide.
And let the decision sit with you until you are comfortable with it. Take your time, do not rush it. Because you want a quality change in your life that will sit embedded well in you that will last a life time without much effort, because you have done a quality change (it becomes you - rooted in you).

What I did: every morning during quiet early morning commute to work, I make a decision to just save money.
Just like regular piano practise, I became wanting to save money. It became robotic.
I stopped the chanting mantra until I was comfortable (it has become second nature to me).


Secondly, change your money mindset, because knowing is half of the battle. Sun Tzu would say know the land, the weather, the terrain, etc before attack. The battle is won at planning.

Have you heard why the first generation makes the money and third generation loses it?
It is because the third generation do not know how to manage and keep the money?

And do you know that the old money's 4th, 5th, 6th and so on generation are being taught by Asset Management firms on how to manage money the right way? That is the way that the original money maker keeps the money and passes it down to the next generation.

Have you heard why the rich gets richer and the poor gets poorer? Not just because the rich is cunning and sly. But also because they know how to manage money and they have the right money mindset (not the cunning, sly and bad ones).

Money mindset to adopt:
- The rich (unless they get their money effortlessly) do not spend money like those on TV, with flashy cars and flashy shoes. The rich do not spend all day lazying on pools drinking cocktails.

They work hard to earn their money and keep it. For example, Warren Buffet, Bill Gates, Ingvar Kamprad, Gerry Harvey, etc.
We all have heard tales about them, on how good they are in keeping their money.

- We tend to envy or respect those with branded products. Do you know if they buy them with credit and have creditors calling their backs and the risk of losing their house, etc?
Or do you know if they genuinely afford them?

- If you cannot afford to buy it with cash (including cars, excluding houses) you cannot afford it. That is the old money style of purchasing.

- The source of income or money is not banks or any other creditors (aka loan sharks).

- No to credit card loans, personal loans, car loans, holiday loans, student loans.
Why?
An item costs $200 and you want it badly. But you do not have enough in your bank account and you used credit card or loans.
Credit card has 20% interest rate per annum, Loans (I don't know - I've never had one).
At the end of the year, it will cost approximately $240 for you to obtain your wanted and prized item.
What are the chances that you snowball your credit card debt?

I know a colleague, she has $40,000 credit card loan which she refused to pay because she thinks every one has debt. In less than 6 months, the debt has snowballed to $50,000. She still refused to pay. She still thinks she is right.
In her scenario, she might have obtained goods of $20,000 - $30,000 on credit. But the interest repayment she continuously must pay to her creditors are high, i.e. another $20,000 - $30,000.

So is it better to pay cash - your initial cost will only be $20,000 no interest repayment. or with loans, where you pay interest on it?
Money wise, of course paying with cash.

You may know argue with me that waiting will make you pass out on trend. And the rich are the trendy ones.

Go back to earlier dot points
- The rich (unless they get their money effortlessly) do not spend money like those on TV, with flashy cars and flashy shoes. The rich do not spend all day lazying on pools drinking cocktails.

They work hard to earn their money and keep it. For example, Warren Buffet, Bill Gates, Ingvar Kamprad, Gerry Harvey, etc.
We all have heard tales about them, on how good they are in keeping their money. 

- We tend to envy or respect those with branded products. Do you know if they buy them with credit and have creditors calling their backs and the risk of losing their house, etc?
Or do you know if they genuinely afford them? 
- The rich (unless they get their money effortlessly) do not spend money like those on TV, with flashy cars and flashy shoes. The rich do not spend all day lazying on pools drinking cocktails.

They work hard to earn their money and keep it. For example, Warren Buffet, Bill Gates, Ingvar Kamprad, Gerry Harvey, etc.
We all have heard tales about them, on how good they are in keeping their money. 

- We tend to envy or respect those with branded products. Do you know if they buy them with credit and have creditors calling their backs and the risk of losing their house, etc?
Or do you know if they genuinely afford them? 

Again another explanations that I want to point out to explain
Have you heard why the rich gets richer and the poor gets poorer? Not just because the rich is cunning and sly. But also because they know how to manage money and they have the right money mindset (not the cunning, sly and bad ones).

For example, (almost) every one loves and covets for Hermes, Chanel, Prada, Gucci or Miu Miu. A status symbol, many will say. A symbol of success, many will agree.

Many of these brands are owned by 1 family, the LVMH.

How rich are they? How wealthy are they? Very wealthy.

How many people volunteer to give thousands of dollars of their people happily and cheerfully to buy Chanel, Hermes, Prada bags? Many people do so happily. That is LVMH is earning a lot of money from their sales.

Another example, Zara is a very successful business. We love their designs and affordable prices. Many go there to do retail therapy and to look good in social and professional networks. We are willing to pay for their $50 tops or $100 coats. Almost everyone I know has at least 1 Zara in their closet. I have about 20 Zara. (about $50 x 20 = $1000). And that is from me alone.

Zara has thousands or tens of thousands or hundreds of thousands, at least, customers per year.

Imagine how much sales they are earning.

Do they cheat money from us? NO, I don't think so. We are willingly giving them the money.

Some of us are even worse, we use credit cards and pay interest only on the credit, to pay for those goods.

That is one of the many many many reasons the rich is richer.


I am lucky, my grandmother drilled in each one of us on how to manage money. She taught us on how she got our money. I know my money mindset very well.

It pays you a dividend if you read up on classics such as
- The richest man in Babylon
- Rich Dad and Poor Dad


Don't move on to the next step until you are comfortable with the money mindset because mindset is everything.









Sunday, 3 April 2016

Saving Report: I saved 68% ($1346) of my Salary Income in this fortnight

Saving Income Report


Fortnightly Saving Report Early April.png




Now … Another fortnight, another saving report which should have been done last Thursday - payday. But it was a long weekend and I was pre-occupied with many other things. So here we go.


This fortnight, I have a lot more expenses to be paid, such as monthly train ticket, credit card payment for end of year clothes and shoes replacements, and extra entertainment expenses for the long weekend.


This fortnight, I saved 68% of my salary income.


End of year shopping using Credit Card
200
Private Health Insurance
42
Groceries
100
Weekend
100
Easter long break
100
Monthly Train Ticket
75
Mobile
20

637
Savings
68%
Previous fortnight
80%
Average Year to Date
74%




Saving Income Report


Fortnightly Saving Report Early April.png




Now … Another fortnight, another saving report which should have been done last Thursday - payday. But it was a long weekend and I was pre-occupied with many other things. So here we go.


This fortnight, I have a lot more expenses to be paid, such as monthly train ticket, credit card payment for end of year clothes and shoes replacements, and extra entertainment expenses for the long weekend.


This fortnight, I saved 68% of my salary income.


End of year shopping using Credit Card
200
Private Health Insurance
42
Groceries
100
Weekend
100
Easter long break
100
Monthly Train Ticket
75
Mobile
20

637
Savings
68%
Previous fortnight
80%
Average Year to Date
74%


To find out how I save 75% of my income, please click here
To find out on how to stick to your budget, please click here


75% saving rate.png

To get your free budget planner click here.
To follow how I save $130,000 in 3 years on $60,000 average annual incomes click here. (350++ ways on how to save money)
To stick to your budget click here.
To save more money click below:

I’m a great believer in luck,
and I find the harder I work the more I have of it.
Thomas Jefferson


Without continual growth and progress, such words as improvement, achievement, and success have no meaning.
Benjamin Franklin


A journey of a thousand miles must begin with a single step.
Lao Tzu


The future belongs to those who believe in the beauty of their dreams.
Eleanor Roosevelt.

To find out how I save 75% of my income, please click here

To find out on how to stick to your budget, please click here


To get your free budget planner click here.

To follow how I save $130,000 in 3 years on $60,000 average annual incomes click here. (350++ ways on how to save money)
To stick to your budget click here.
To save more money click below:



I’m a great believer in luck,
and I find the harder I work the more I have of it.
Thomas Jefferson

Without continual growth and progress, such words as improvement, achievement, and success have no meaning.
Benjamin Franklin

A journey of a thousand miles must begin with a single step.
Lao Tzu

The future belongs to those who believe in the beauty of their dreams.
Eleanor Roosevelt.

Tuesday, 29 March 2016

Earn $225 per month online in your spare time



There is only so much that I can save (I save 75% of my salary income), without an increase in income, I won’t get any richer.

With the current stagnation of salary increase, I must look elsewhere for side income. Otherwise inflation will catch up on me, and my stagnated salary will be just declining salary.

So I looked online, to look for ideas on how to make money.
There are plenty of suggestions out there on how to make money online. And I have tried almost all of them out.

But I have limitations - time and physical capabilities.
I already work 50 + hours per week. I am also a real estate investor who currently is actively in the market to find another investment property. I am also a share (stock) investor who always studies the market after hours.
I don’t have time to do a side business like bookkeeping, cleaning, babysitting or dog sitting. I don’t have regular hours that I can dedicate to earn side income.

So I must be looking for something that can be done in my spare time whenever and wherever that fits my schedule.

Data Entry was my first choice, however, it was so so hard to actually get one.
Airtasker and freelancer were the other choices. I signed up with keen excitement, I get zero (zero, null. blank) response.

So, the next choice is paid online survey that pay Australians.
I honestly made $450 these 2 months in my off time. It is that easy. Bear in mind, I work 50 hours per week (plus 1.5 hours commute each day). I am a Real Estate investor who is actively in the market looking for my 3rd Investment Property. I cook, prepare dinner and clean every day.

Make $225 per month Online (1).png
PIN For Online Survey.png

I was sceptical at first. But wait!
Don’t be sceptical. It works. It really reaally works. R.E.A.L.L.Y.

As long as you treat it like what it is, a job. Hey, if you want money, you must earn it. (Money Principle number 1).
That means,
Do it diligently, regularly. And take it seriously.

I do it religiously. I do it in during commute to work and from work in the bus or in the train, during lunch break, while waiting for client and/or friends to turn up for appointments or lunch or dinner or break, while watching TV at night, in the bathroom, etc.

Do it diligently, regularly. And take it seriously. I do it religiously. I do it in during commute to work and from work in the bus or in the train, during lunch break, while waiting for client and/or friends to turn up for appointments or lunch or dinner or break, while watching TV at night, in the bathroom, etc.
Earn $ While Waiting.png

Make More Money in Bus or Train.png
PIN For Online Survey.png
Most take less than 5 minutes, and it pays a little dollars. But accumulative e.g. 10 - 20 a day … you can get $10 - $20 a day that means $300 - 600 in one month.

I make $450 these 2 months in my off time. It is that easy.

Tips & tricks:
Sign up to as many as possible, so that u can open ur email let’s say at lunch (use wi fi, coz they might as u to view videos) with a bunch of online surveys that u can do at 1 sitting. These are all work for ozzies (that means pay money to ozzies)

What works for the aussies? What online surveys that pay Australians? Below are the online survey reviews that pay Australians.
They are fantastic online survey company.
They pay REAL FAST, with cold hard cash. The money is cleared (in my experience) within 2 business days.
They are fuss free online survey company that pay Australians.

This online survey company pay Australians with coupons (Woolworths, Coles, Chemist Warehouse, Dominos, etc).
You can opt to use your real name and disclose your bank account to be paid cash.
They have MANY options for you to earn a lot of points.
You can earn money by:
  • Simply visiting a legit websites (my most recent was the site of The University of Melbourne)
  • Signing up for FREE offers
  • Playing FREE games
Even better, when you do your normal shoppings (ASOS, the iconic, bonds, strawberrynet) through them you will get good amount cash backs.

This is also fuss free online survey company that pays you cash into paypal.
Less surveys available in my case but high success rate in my case.

I didn’t have any luck with this one ** at all **.
But it seems that they pay cash.

They pay paypal and coupons. They take a little longer than Vindale to transfer the money into my paypal account, based in my experience. However, coupon is instantaneously produced upon request.

You can earn money through
Filling in paid online surveys,
Being actively involved in their communities,
Testing products
Posting questions on the site wall

So what’s your next step to make $225 in 1 month whilst doing nothing?

  1. Click to Vindale.
  2. Sign up.
  3. Complete 1 easy profile. Concentrate and complete the survey carefully.
  4. And Kaching! Money in the bank
money-1015277_1920.jpg


My tips:
  • Be careful when you answer, think about the surveyor when answering the survey questions
  • Sign up to a bunch of them and ensure that you get them sent to your email mailbox
  • That way when you have time to sit down and do the online surveys, you get a bunch to go through and get paid ^.^
  • Do look through your email invitations from the online surveys, because the pay big bucks for online surveys quite regularly. Most recently they pay $135 for filling in online survey! THat is good money! The last time I did one, it took me 2 hours sitting down which is my unwind time at home after work. No biggy! :)
Note: Cashcrate, I had a hard time trying to get my online survey’s payments to be paid to me  as an Australian. 

My tips:

  • Be careful when you answer, think about the surveyor when answering the survey questions
  • Sign up to a bunch of them and ensure that you get them sent to your email mailbox
  • That way when you have time to sit down and do the online surveys, you get a bunch to go through and get paid ^.^
  • Do look through your email invitations from the online surveys, because the pay big bucks for online surveys quite regularly. Most recently they pay $135 for filling in online survey! THat is good money! The last time I did one, it took me 2 hours sitting down which is my unwind time at home after work. No biggy! :)
Note: Cashcrate, I had a very hard time trying to get my online survey’s payments to be paid to me  as an Australian.

So … what are you waiting for?
Sign up and start getting paid whilst relaxing!

PIN For Online Survey.png

Just Do It!