FINANCIAL GROWNUP PODCAST MOST CREATIVE MONEY TIPS!
Tip: If you are going to splurge on expensive shoes, know which brands will have the best resale value, and take good care of them. For example, the women point out that on a website like TheRealReal, Christian Louboutin and Gucci will get the best prices in the secondary market. Also, they warn that if you get the shoes re-soled they will lose a lot of their value. This also works in reverse: You can get great value buying barely worn shoes when you buy on resale websites.
Tip: Use an app that can age your face and print out a picture of the older you, like FaceApp.. “Every time I think about spending money on things that don't need, I look at that photo. It's just like I ... and I don't want to sound cheap. But I don't need that many pairs of shoes. I run around the suit all day long.” says Serhant. “I don't need that many suits. Little things where I could have spent money and just because I have it or just because whatever, it's just credit, I think about that like, "You know what? I should save it, because compound interest is a powerful thing." And it's better off just being saved because you never know what could happen.”
Tip: Use apps to create opportunities to touch base with business contacts. For example, Spoonbill.io is an app that shows you anyone that has updated their bio on Linkedin. You can then use that as a reason to reach out and say congratulations and wish them well, at a time when you are not asking for anything from them.
Tip:The best way to save money is to understand a store’s sale cycle. Almost every grocery store alternates sale items every two weeks.
For example, if Coke products are on sale one week, Pepsi products will be on sale the next.
Tip: It may sound basic but John felt very strongly that we should all be more diligent about flossing out teeth. He points out that we can literally save tens of thousands in not only future dental health bills but on our healthcare in general. Many times things that go wrong in with our oral care, can impact our body as well. Not only can the actual medical bills add up, but there is lost time away from work, and potentially other financial complications that can be avoided, or minimized.
Tip: Meal replacement drinks may not sound like the most appetizing way to save money. But Shane Snow discovered that when he started drinking Ketolent (now Sated) he was saving a lot of money by not going out to lunch every day.
Tip: Always ask for the SMALLEST SIZE. That isn't always the size that is called the small. Many places have kids sizes that anyone can order. And don't forget- even Starbucks has a secret unadvertised size: The Short. And don't be shy about asking for the "lunch size' salad even at dinner.
Tip: Avoid mid-tier restaurants. When you just want a bite to eat because you don't want to cook, go for something inexpensive and casual. When it's a special occasion or you want to try a new expensive restaurant, go for the splurge. It’s far better to alternate between cheap eats and expensive treats than blow money on a mediocre experience at blah restaurants.
Tip: Carry $100 bill when you travel. The amount here is key. While everyone should have an amount that feels right for them, Reum likes $100 because it is a big a bill to break-so you will be less tempted use it by accident, but just enough to get you out a situation where you need cash.
Tip: When you want to book on AirBNB, once you find the listing you want, check if it is available directly from the owner or, more commonly, the management company. You can usually do this in a quick Google search. If you go straight to them you can often negotiate a better rate, because you have taken out the middleman.