Tip #11: Never pay full retail price for clothes (or eyeglasses) again. This is tip #11 of the Save $1,000 in 30 Days Challenge. Today’s tip is to never pay retail prices for clothes again using some sites you’ve heard of, and a bunch of sites I bet you haven’t. How much do you spend per year on clothes? Think carefully about that question — if you buy a $300 coat, for example, you’re spending a minimum of $25/month on clothes. I don’t even buy clothes that often and I easily spent over $1,000 on clothes last year. Now, if you’re a mom or on a strict budget, saving money on clothes is nothing new: You’ve already been checking price tags carefully.
Let’s watch Paul Singh from Results Junkies talk about how he gets custom-made shirts (which would normally cost $200+) for $30: (He referred to CTshirts in the video. There are also lots of other places where you can save money on clothes. Retail stores: Because I’m Indian, I love Ross and TJ Maxx. Buying abroad: Recently, I detailed how I saved $700 buy buying a suit and eyeglasses in India.
Total saved: $50 to $500. Geek to Live: Automate your finances. Set smaller goals: impress friends, get girls, lose weight. New readers: welcome! This is a blog on personal finance and personal entrepreneurship for college students, recent college grads, and everyone else. I’ve been writing for over 2 years and I have over 400 articles in my archive. After you read the post below, here’s a list of popular iwillteachyoutoberich posts and my RSS feed.
If you had a life-threatening illness, would you take your medication? When I was studying social influence and persuasion in college, I learned about social psychologists’ and medical practitioners’ attempts to effect behavioral change for good things like washing hands, eating healthier, staying in touch with family, etc–and how hard it really is. Last year, a friend of mine who was entering college started getting really into fitness. This idea of sustainble change is core to personal finance. I read this and just sigh. In my experience, this is true in personal finance, fitness, studying, and a bunch of other areas. And…now what? Right on. Set Up a Personal Fuel Cost Hedge Fund. Announcing the Save $1,000 in 30 Days Challenge. You’ll notice that I haven’t written a lot about frugality on this site. That’s because Americans suck at frugality. We spend more than we make.
We’re terrible at deferring our immediate wants and investing for the long term. We go into debt. And we blame everyone but ourselves. Remember, fundamentally, there are two ways to have more money. That all changed a couple weeks ago. I read this article, which explained that “As many as 80 percent of Americans are stressed about their personal finances and the economy.” Right now, people don’t care about proper asset allocation or understanding average stock market returns. That’s why tomorrow, I’m launching the Save $1,000 in 30 Days Challenge. How to save $1,000 using the CEO Model Here’s how it works: Each day in November, I’ll post one suggestion to cut your spending. We’ll work through some of the tips from this woman, who paid off $14,330 in 20 months. I promise: No stupid frugality tips This is a 30-Day Challenge. Hopefully I will, too. Announcing the “Earn Your First $1,000 On The Side” course.
[Edit]: The course is now closed but leave me your email address and I’ll let you know when we open it up again: Today I’m thrilled to announce a totally new course called Earn Your First $1,000 On The Side. The short version: An all-new course that I’ve been quietly developing for a year, which includes 16 super-specific lessons on finding a profitable idea, testing it, finding clients, pricing, marketing, all designed to help you earn $1,000 (and more) on the side — every month.
Also includes hours of gorgeous HD video strategies and tactics, Master Classes from people like Tim Ferriss (4HWW) on specific topics like marketing, time management & productivity, and psychology. Course registration ends tomorrow — click to see course details. Q: What’s surprised you so far? The detailed version: For the last four years, the #1 requested topic on my site has been “how to earn money.”
Give me a break. “I already have a full-time job. Their questions were really surprising. How to Pay Down Your Debt and Invest at the Same Time.