How To Save $10,000 FAST (Do THIS Every Paycheck)
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How To Save $10,000 FAST:
SET A DEADLINE
Decide exactly how much you want to save and by when. Break it down into small, achievable amounts — like $833 per month or $27 per day — so you always know what you’re aiming for.
START IMMEDIATELY
Momentum is highest at the start. Don’t wait until “next week” or “when things calm down.” Begin saving the moment you finish watching this video.
TRACK EVERY DOLLAR
Create a budget using any free money-tracking app. Knowing where your money goes is the only way to find hidden leaks and cut unnecessary expenses.
Resources:
Check Out WizeFi Financial Tracking (Become a Beta User / Give Your Feedback!):
CUT BACK ON WASTE
Identify the biggest money drains — eating out, subscriptions, impulse buys, fast food, drinking, and unused utilities. Small cuts in each category easily add up to $27 per day.
FIND THE SAME THING FOR CHEAPER
Shop around for better rates on car insurance, phone plans, internet, and other bills. Even just calling to ask for discounts can save hundreds per year.
PAY YOURSELF FIRST
Automate savings so money goes into a separate account before you spend anything else. This keeps lifestyle creep in check and makes saving effortless.
USE MONEY-SAVING RULES
– 24-HOUR RULE: Wait a day before buying anything.
– 5-MINUTE RULE: Shop for discounts before you checkout.
– 10X RULE: Only buy things that give 10x their value in happiness or utility.
– FUTURE VALUE RULE: Remember every $1 spent now could be $14 in the future.
REDUCE BIG EXPENSES
Focus on the categories that drain the most money: housing, transportation, taxes, food, debt, and clothing. Even small cuts here create massive savings.
AVOID LIFESTYLE INFLATION
More income doesn’t automatically mean more savings. Avoid upgrading your lifestyle every time you earn more, and put extra income toward your goal instead.
INCREASE YOUR INCOME
If cutting back isn’t enough, consider part-time work, freelancing, or switching jobs. Even an extra $15/hour for 2 hours a day can get you to $10,000 in a year.
FOLLOW THIS PLAN AND STAY CONSISTENT — YOU’LL HIT $10,000 FASTER THAN YOU THINK.
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Correct
GRAHAM!!! Always stoked to see you posting! Can’t wait to see your new content with the Money Guys!
Thanks so much, posting this Sunday on Iced Coffee Hour!
People struggle to save $1000. It would be nice to save 10k as fast as possible.
I would say the biggest mile stone is actually $1000 once I got past $1000 invested in to stocks it has been getting easier and easier I started back in January of this year it took me in till may to get 1k now I have almost 3k
Keep it up!
If you have issues saving $1k, you have an income problem or spend too much money
Step 1, don’t buy anything…
Inflation still kill.ya
Step 2: Make $10k
Step 3: Don’t spend it
@@brandonscott6606step 4, read step one and realise step 3 is useless
Remarkably effective set of steps!
Hi Graham. I would love to see your tier list of index funds.
That would be cool! I’ve been enjoying total stock market indexes for world / US lately!
@@GrahamStephangraham, what would you suggest for parking money into from every paycheck to save for a house? I’m wanting to start depositing 70% of my pay into an index fund or something to save for my down payment
Instructions unclear, just bought a car
….uh oh
It’s a brand new maseratti fully financed by credit cards with no rewards. 💀
Paid cash but it was a significant portion of my savings 😢
Salute! 🫡
@@GrahamStephanit’s okay the dealer got em on that bi-daily payments
always a pleasure listening to your talks Graham!
thank you so much!
I would love to see a video of how you managed your expenses at your early to late 20s and which costs you had
Old video: https://youtu.be/mzL1fF6LC8Q?si=Ypyat2A9dfngM4Xh
Love this topic! Just started watching.
glad you enjoy it!
I’m close to that $10,000, I’m at about $7,000ish but I’m doing $540 a month, so about 20%
I just started locking down on my income. I make about 55k a year and saving 1k in my emergency fund every month, 583.4 in my Roth a month, and about 500 into any my normal brokerage account. Also have a 401k with my employer. Only 21 with no debt and working on increasing my income because I want to retire by 40. Also only reason my emergency fund allocation is so high compared to the rest is because it’s was at 0.
Beast mode
I wouldn’t put my hard earned money on a Roth or 401k knowing that they go down with the markets…
I’m such a serious saver, it literally causes me anxiety to even think about the money other people are spending.
How much did you save
@@MakeTheAdjustment1979they aren’t saving
Invest.
That’s my issue as well I like to see the money in my account 😅 it’s not that I can’t spend I can afford to but I don’t want to maybe because as a kid I had to learn to manage my money
Then all you need to do is save another 10k each year for 10 years and you’ll have 100k! THEN let that compound for 35 years at 7% and you have $1M. We got this fam 🔥
I too like to daydream.
@@cmendr011😂
Watching Graham go on the Money Guys show is like watching the Avengers assemble. Now we just need an episode with the Money Guys, Graham, AND Caleb Hammer. 😂
One day!
I prefer the freeloading approach. Live with parents, have rich friends, get free stuff from salvation army
This is the way
i save over 2k a month living with my family. the lack of freedom and the hit to my mental health is worth it to buy a house and get ahead on my retirement and general investing
After being at a job for 15 years that I hated, I finally decided to make a change. I immediately got a 12% raise, bonus and unlimited OT. To Graham’s point, it’s never too late but you have to actually just start today.
What job did you leave and what job do you have now? Details?
I’m assuming you got a 12% raise because you weren’t asking for/negotiating them at your previous job?
😂My tip is : Enter into every free giveaway or lottery. So far this year I won 8 times movie tickets, new phonecase, charger, samsung watch, new laptop, new deskchair and so on 😂
Dude I’ve tried saving so many times. The problem is ONE emergency wipes it all out because everything that needs to fixed immediately costs at least $2,000.
So his strategy is go to work, go home and dont spend anything. Plus be lucky no emergencies pop up. Over last year have had to spend about 600 on repairs for fridge, thousands on vehicle repairs for a 20 year old and everything but my pay has gone up this year.
@@toddsalisbury3851 I’m there with you. I’m 29 and own my own home, learned a lot of things the hard way with that one. And my wife and I are guaranteed every year to be forced to spend at least a couple thousand dollars on one or both of our vehicles because they are our life lines to our jobs.
buy a better vehicle. dont buy gm.
-GM dealership tech
@@toddsalisbury3851i was in your situation. The problem was , i wasn’t making enough money. Typical issue in your 20’s . Usually coupled with a crappy good looking car instead of a reliable average car. Start making at least 80k a year even if you have to move, and learn how to inspect cars and get a toyota or Honda
Get rid of it all 🎭 , You’re Welcome. You just saved $2,000.
$82/month for alcohol? Those are rookie numbers.
😂
My first thought!
@@kevins8672 rah profile tracks
Yes. Sugar and yeast should be cheaper than that.
Stop going out, don’t have friends, and work 6-7 days a week
You will be loaded