THE IDIOTS GUIDE TO SAVING $100K IN 30 MONTHS!!!
It’s a dirty word so please look away if you don’t like the ‘S’ word. SAVING!!!!!
If you want to own your own property then there’s only one way to get there! Term deposits, high interest accounts blah blah! The discipline of saving will make the biggest difference.
An income of $150k sees a couple take home $9500/mnth. Save $3600/mnth leaving $6k to cover expenses & reach the $100k mark in 30 months!!!
How?
- DISCIPLINED DEVIATS – How bad do you want it? You MUST be disciplined to say no to fancy threads, food & lattes. Just for now. You’ll be shocked at how much coin you can save just by pulling it in for a bit. Put it this way…..if the goal is saving $100 000 in 30 months & you decide to splash out on a $15 000 holiday to Bali, it’ll set you back 4 months!!! Ouch.
- DEMOLISH DEBT – All those credit card statements that you’re hiding, bring them out!!! Come clean on your debt guys literally…eliminate & detonate. Get rid of that dirty non-deductible debt, pay it down any way you can so you can get on the road to saving. Don’t pay it back slowly as you’ll just end up paying much more in the long run.
- PAY YOUR WAY DAY – Reverse a traditional savings strategy by paying yourself first. So instead of having your salary paid into your everyday account and then transferring a set amount to a savings account, up end it. Have your salary paid straight into the savings account & pay yourself a set stipend into your regular account to cover your expenses and bills.
This is simple folks & possible. How badly do you want to own your own property????