Videos by Andy Slye

Category: Lists (Page 2 of 7)

Lists

10 Things I Wish I Knew Before Buying a Tesla Model 3

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Top 10 Most USEFUL Amazon Purchases Ever (Under $100)

I’ve been ordering things on Amazon for 12 years, and I had almost 150 orders last year alone so since we are all staying home right now with online ordering at an all time high I wanted to show you my top 10 most useful products I’ve ever ordered from Amazon.

This list is in order from cheapest to most expensive, but all of these items are less than $100 at the time of this video, and I will link to all of these items in the description below for your convenience.

Spigen Ultra Hybrid iPhone Case + Screen Protector
Let’s start with my phone (no, not the actual phone). I’m talking about my favorite phone case of all time: the Spigen Ultra Hybrid. I’ve used this model for all of my iPhones I’ve ever owned. I love it because it’s a perfect blend of protection and minimalism. It has just enough protection without making the phone bulky, and it has all the precise cutouts so it doesn’t affect the new cameras on the iPhone 11 Pro in any way. It’s made of thermoplastic polyurethane which gives it elasticity and transparency so you can still appreciate the actual phone design. The buttons are easy to press with the case on, and it has just enough of a lip around the edge to protect the screen if you lay it face down. I also use this tempered glass screen protector which is totally worth it as you can see. This literally happened the other day. I dropped my phone, and luckily the screen protector did its job so this case and screen protector is my $15 protection package for my iPhone 11 Pro.

Smart Light Bulbs
If you haven’t upgraded to smart light bulbs yet, check out these. The brand is called Above Lights, and they’re super affordable at around $20 for a 2-pack and the set up is very quick and easy. These have WiFi built-in to them along with the ability to work with Amazon Alexa, Google Home, and Siri so you can control them through voice commands. They also have their own free app so you can control these lights from your phone, and since they are dimmable and can change colors these are great for offices or bedrooms or in my case I like to use these for the background of my videos. The app has different “scenes” and can be set to automatically change colors continuously which is cool so if you want an affordable easy-to-use smart light bulb, check these out.

AeroPress
Next is my favorite device for making a consistent cup of coffee. This is called an AeroPress, and if you’re even just a little bit of a coffee nerd you need this. It’s only $30, and you can use it to make 1-3 cups of rich smooth coffee without any bitterness in about one minute. It’s great because you can play around with the different variables like the water temperature, amount of coffee, type of grind, how long you steep it, and I even use an AeroPress recipe app to take this to the next level and it’s amazing. Many people love the AeroPress over other coffee making methods because the AeroPress is pretty minimalist – it’s small and easy to clean. It comes with hundreds of micro filters that leave no grit in your cup unlike a French Press. And it’s great for traveling too. Stick around to the end of the video to find out the best way to get awesome coffee like this online.

Minimalist Wallet
Next is something that I use every day. This is my minimalist front pocket wallet. I absolutely hate bulky wallets, and I also hate having things in my back pocket so I ended up getting this wallet 2 years go when I got my Tesla Model 3 because that car doesn’t require a key so the only things I carry now are my phone and wallet. I love this wallet because it’s slim, compact, and easily fits in my front pocket. The only thing to note is it doesn’t really have a place to store coins, but that’s a non issue for me. This wallet has multiple slots that are designed to comfortably fit up to 8 cards, and the money clip holds up to 10 bills pretty well which is enough for my needs since I don’t carry a lot of cash on me. It’s made of genuine leather and it has held up really well so far. It also has RFID blocking to protect cards that have chips on them. Definitely my favorite wallet I’ve ever owned.

Portable iPhone Charger
This is my portable iPhone charger that I got years ago, and unfortunately this particular model is not available on Amazon anymore, but I found a nearly identical one for around $35 that has great reviews. This allows me to charge my phone wherever I am – whether I’m on a plane or hiking in Europe or camping at a music festival – this has definitely come in handy many times. It has a built in lightning connector so it can charge my iPhone without me having to carry around a cable which is one of its best features. But it also has a USB port to charge any phone if you do have the cable with you. It has a button to let you know the charge remaining, and to recharge it you just plug it into an outlet with the built in prongs that fold out and in so it’s a great all in one portable charger for your phone, and I definitely couldn’t travel without it.

Google Chromecast
This next gadget has been my favorite gift to give people during the holidays. It’s the $35 Google Chromecast, and it basically turns any HDTV into a smart TV and allows you to stream videos wirelessly to your TV using your phone, tablet, or computer. The way it works is you plug it into an available HDMI port on your TV, then use the app to connect it to your Wifi network, then open a video streaming app and you should see a Chromecast icon in the video player that you can tap on and it will send the streaming video to your TV like magic. It’s an affordable way to essentially add video streaming capabilities to any HDTV and lets you control it from your phone with whatever streaming app you’re using. It also has beautiful wallpaper slideshows when no video is streaming which is nice.

White Noise Machine
Did you know high quality sleep is crucial for your immune system? Right now more than ever it’s important to get a good night’s sleep, and this sound machine has been a game changer for me and my wife. We used to turn on a fan at night just for the noise, but that dried out the air so we got this dedicated white noise machine that has ten fan sounds and ten ambient noise variations which helps drown out noises and allows us to not only fall sleep quicker but stay asleep more easily without having random noises wake us up throughout the night. It has a volume control so you can set the perfect level for your liking. For us it’s like a pavlovian response, as soon as we turn it on our brains know it’s time for sleep.

Logitech MX Ergo
If you’re like me and you’re doing most of your work at a computer, then ergonomics are very important. This is the Logitech MX Ergo wireless trackball mouse that has helped me avoid the typical wrist pain that comes from using a regular mouse. It gets its name from its ergonomic design including an adjustable hinge that allows you to customize the trackball angle for a more natural, comfortable hand position. It’s compatible with Mac and Windows, and easily connects via Bluetooth. It has a rechargeable battery with up to 70 days of power on a single charge. It’s currently around $75, but if you want to save some money you can get their older M570 model that has less features but it’s only around $30. I own both, and either one is a great choice.

Instant Pot
Up next is my Instant Pot, and this is my favorite kitchen gadget because I’m not that great at cooking, and this lets me cook some pretty delicious meals while keeping it very simple and pretty much hands off. Seriously if you don’t like cooking or you’re not good at it this will be your best friend. It’s an extremely versatile multi-cooker that combines 7 appliances in one: pressure cooker, slow cooker, rice cooker, steamer, sauté pan, yogurt maker and warmer. It has one-touch Smart Programs for cooking all types of different meals on autopilot. And the cleanup is super easy because the stainless steel container is dishwasher safe. You pair this with a pressure cooking recipe book and you’re golden.

SanDisk SSD
Finally this is my SanDisk SSD, and it is a perfect companion to anyone who wants fast storage on the go. This version can store 500GB and it connects via USB-C so it has extremely fast read and write speeds which allows me to store and edit 4K videos directly off of it using my MacBook Pro or my iMac. I’m constantly editing videos whether it’s a video for YouTube or a wedding film for my videography business, and since my Mac has a max of 500GB internal storage, I practically doubled my storage with this SSD for less than $100. It’s lightweight and is very durable. Highly recommend if you have a laptop with a USB-C port.

Best Mac Apps 2020: Top 20 Apps Every Mac User Needs

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Affinity Photo is a photo editing app for Mac and does almost everything that Photoshop can do. Great for minor editing & retouching images all the way to creating full-blown multi-layered compositions.

Alfred is the ultimate productivity app for your Mac with things like hotkeys, keywords, text expansion, and more. With it you can quickly search your Mac and the web, and perform other custom actions.

Amphetamine is one of my most used Mac apps. It keeps your Mac awake (and optionally the display) through a simple on/off button, or automatically through custom triggers.

Backblaze is an important Mac app. For $5/month on their annual plan you get unlimited cloud backup of all your files. It backs up all your Mac’s data along with any connected external drives.

BeFocused is based on the Pomodoro technique and uses a timer to break down work into intervals, separated by short breaks. You can create tasks, configure breaks, and track your progress.

CheatSheet is a free app that lets you quickly view the keyboard shortcuts of the active app you have opened.

CleanMyMacX is all-in-one optimization tool for your Mac to clean it of junk files and keep it running fast. It has an intuitive interface that does a wide variety of tasks including cleaning & optimizing your Mac with one click and keeping your Mac free from malware.

DropBox provides free cloud storage that syncs with all your devices and is accessible from the web. The folder on your Mac that stays synced with the cloud automatically.

Evernote is a virtual notebook that syncs to the cloud and is accessible from nearly any device so you can save, access, and organize all of your most important ideas and thoughts.

Flume is an Instagram app for your Mac. It lets you upload photos & videos to your Instagram directly from your Mac.

Helium is a free app that lets you keep a floating browser on top of all your open windows at all times. It allows you to simultaneously see your content and your work.

IINA is a free open source modern media player for macOS. It’s designed with the look and feel of the latest macOS versions while integrating the latest features.

LastPass is my favorite free password manager. It creates & remembers strong unique passwords and is secure with strong encryption.

Pocket lets you save any web page for future reference and access it at anytime on any device. It lets you tag & organize all of the web pages you save so you can quickly find and sort through them.

Rectangle is a free open source app that lets you move and resize windows in macOS using keyboard shortcuts or snap areas.

ToDoist is an intuitive to-do app that lets you quickly capture & organize tasks. You can use it to remember deadlines with reminders and due dates, build lasting habits with recurring due dates, and more.

Screens 4 lets you remotely access your Mac from anywhere and control it from the comfort of wherever you are. It is fast, secure, and reliable and a must-have if you travel frequently or need to access your Mac from anywhere.

SmartConverter is a free Mac video converter. It’s easy to use and is fast. Smart Converter can handle hundreds of file types and converts them so they play on your favorite devices.

Unarchiver can unarchive (or unzip) many different kinds of archive files such as Zip, RAR, 7-zip, Tar, and Gzip. It’s a useful utility app for your Mac.

Unclutter is a Mac productivity app that’s 3 tools in 1: File Storage to keep your Desktop clean from temporary files, Notes to write down something quickly, and a Clipboard manager to track what you copy & paste.

How I Went from Broke to $500,000 in My 20s

I grew up witnessing my family struggle and be stressed about finances. When I was around 9 years old I remember one month I was afraid to play video games because I overheard my mom saying something about not being able to pay the electricity bill.

In this video I’ll share how I went from a broke kid in college to being worth over a half a million dollars in my twenties. I’ll give you my best personal finance tips that I live by along with my favorite finance apps and my top learning resources so that you can hopefully build your net worth and live a more financially secure life.

Money can be a touchy subject and I don’t want to sound like I’m bragging, but I seriously believe one of the most important things in life is to avoid stress, and having a strong personal finance plan will definitely help with that.

Why is Personal Finance Important?

I come from a split lower to middle-class family. My parents divorced when I was a baby. My dad never remarried, and he basically lived off minimum wage my entire life. When I would visit him in the summer we lived in a camper with no running water. I’d have to go to my cousin’s pool to basically “bathe”.

The other 10 months out of the year I lived with my mom who was a single parent to 3 kids at one point. I lived in trailers most of my life and never lived in an actual house until I was a freshman when we moved in with my mom’s fiancĂŠ at the time because our mobile home was at risk of being repossessed.

My childhood laid the foundation for how I feel about money now, and as I started to grow up I tried to analyze the reasons for financial struggles and avoid them myself. Money definitely isn’t everything but it is one of the many important tools that can lead to a more satisfying life.

#1: Take advantage of software

Today’s apps have made personal finance so easy compared to what my parents had to do. Almost everything now (even our money) is just digital numbers on a screen so to optimize your money you should be taking advantage of all these useful apps which are usually completely free. These are all the finance apps and sites that I use to manage my money. I use Mint for budgeting and tracking my finances. I use Chase for mobile banking. For investing I use Robinhood, Betterment, and Wealthfront. I use CreditKarma to stay up to date on my credit score. I use Wave for business accounting software and PayPal to manage customer invoices.

That’s a lot of apps, but they all play a part in my personal finance plan. It’s super important to be able to quickly move your money around and automate it, and usually multiple apps are needed for that. The good news is that there’s one more app I use every day that’s just as important because it prevents me from worrying about my accounts and trying to remember all the different usernames and passwords. It’s the sponsor of this segment, LastPass, which is a password manager used by millions of people to simply their life and protect their identity.

I started using LastPass a few months ago after reading the new edition of one of my favorite personal finance books called “I Will Teach You to be Rich” after the author mentioned several times that he uses LastPass to manage his passwords for all his financial accounts so I started using it myself. It really is a life saver because it gives you one safe place to store all your login credentials, from your email to bank accounts to social media. LastPass makes it effortless to access all your online accounts and apps by securely storing any password you want it to, so you can spend your time on the more important things like managing your money. When you’re trying to improve your personal finance plan you shouldn’t be worrying about forgetting and resetting passwords.

#2: Always keep learning about personal finance

Education has been absolutely crucial to building my net worth, and the best thing about personal finance advice is that you can customize it to your own situation. Everyone has their own rules so what I tried to do is design my financial life using my favorite guidelines from many different experts.

These are some of the top resources that have either taught me about personal finance or made an impact on my self worth or net worth in some way. Podcasts include Listen Money Matters, Smart Passive Income, and Dave Ramsey. Books include I Will Teach You to be Rich, Think and Grow Rich, and How to Win Friends and Influence People. Websites include the Personal finance and financial independence subreddits. Blogs include Financial Samurai, NerdWallet, and Mr Money Mustache.

The sooner you start learning about the foundations that make up a solid personal finance plan, the quicker you’ll increase your net worth. Watching this video means you’re doing that so good job. When I first started, I eased into it by listening to Dave Ramsey during my commute and browsing the finance subreddits then I eventually started to read personal finance & self-help books and listen to business podcasts, all of which not only made me a better money manager but taught me how to be a more valuable person. So read books, listen to podcasts, take courses, whatever it is, just keep learning.

#3: Start earning, saving & investing as early as possible

I got my first summer job when I was 17 as a lifeguard that barely paid minimum wage. At age 19 I started working a part time job in my career field of Information Technology that paid $16/hour while I was still a full time college student. Luckily that position included benefits and I was so excited to have a future pension and 401k. Seriously, what kind of 19 year old is excited about retirement?

All the adults at the time told me to make sure I put at least 3% in my retirement so I could get the employer’s match because it was “free money”. And I’m so glad I did. I honestly wouldn’t be where I am today financially speaking if I hadn’t applied for that job and taken advantage of the perks that came with it.

It sounds obvious but try as early as possible to start earning, saving, and investing even if it’s just a little at the beginning, as long as it’s something it is always much better than waiting. And you don’t have to be a market expert or even choose individual stocks.

I recommend Betterment or Wealthfront because they are robo-advisors meaning they use a computer algorithm to help you invest your money the smartest way possible without having to think about it. They both have intuitive apps that walk you through a quick setup of any investment account including retirement accounts and they choose a diversified portfolio based on your age, income, and goals. They also have some of the highest-interest savings accounts so I recommend signing up for them just for their savings accounts even if you don’t open any other investment account.

#4: Debt is the worst; try to avoid it

My $500,000 net worth is broken down like this: Half of it is real estate and physical assets, and the other half is cash and investments. None of it is debt because I hate debt. Now, there is such a thing as “good” debt, and everyone’s opinion on debt is different. However, I personally avoid it at all costs.

I decided to save money for years to pay off my house and my car but had I instead invested that money I most likely would have a higher net worth right now. But I prefer having the peace of mind of not having any debt. I’m pretty risk averse so it just feels better to be debt-free even though I probably missed out on some potential ROI from the investments.

Of course almost everyone including me has to get a loan for something at some point. I’ve had to take out 4 loans in my life but for each one of those loans I exhaustively saved as much money as I could to pay those off as quickly as humanly possible. So it’s ok to need a loan for something as long as you have a plan and the ability to pay it off within a reasonable amount of time.

But do not get into credit card debt. Use a credit card to build up your credit but don’t let it build up debt. Always pay your credit card off each month in full. Now the absolute best way to pay off debt quickly is to have the money to do so which brings us to…

#5: Do whatever it takes to maximize your income

It’s no surprise that the biggest factor that led to my high net worth at a relatively young age is the extra money I made on in my spare time. Not only did I increase my income by working my way up the ladder at my day job by getting certifications and applying for higher paying positions, but my biggest income boost came from when I started earning money on the side.

In my early 20s I started dedicating a lot of my spare time to working on generating an income online mostly from YouTube. Not too long after that I started my own videography business, filming weddings for clients and creating videos for businesses. By working hard in my spare time to create extra income I was able to exponentially increase my net worth.

F ind out what you’re good at, learn about business, utilize the internet, or even go back to the basics and do simple things that can earn you extra money. Maybe drive Uber or rent our your house on AirBnB. Take the GaryVee route and hustle as much as possible. Stop watching TV and replace that time with working hard toward creating some type of income-generating business.

If you’re at a day job then learn how to increase your salary by negotiating your pay, applying for better paying jobs, earning certifications or completing courses that will lead to a higher salary. Go out and network, meet people. Some people say your “net-work” is your net worth because it’s super important to know the right people so you don’t miss out on any beneficial opportunities that may arise.

#6: Minimize life’s biggest expenses

There are 5 potential things in life that will cost you the most money: House, car, college, wedding, and kids. Try to take each one of those decisions very seriously and be patient with them. Don’t rush into any of those without thinking because it could be more costly than you can handle.

The cars I drove as a teenager were old hand-me-downs until I got my first career job and saved up enough money to buy my dream car at the time: a used $12,000 Pontiac and I researched for months before I found it.

For college I didn’t want me or my parents to go into debt so I chose to live at home and go to an affordable local community college for my Associate’s, then I got my Bachelor’s through their low-cost online program.

Once I moved out of my parents house I lived in a small apartment with 3 friends to minimize living expenses, and when I finally moved out on my own I chose a very modest apartment.

For my house I did the same thing. I took my time, stuck to a strict budget and requirements and tried my best to live within my means and not buy anything overly expensive.

For my wedding, my wife and I did a very non-traditional elopement style wedding. It was small and intimate and we tried to be as frugal as possible. My suit was $70 from Amazon. No joke. Nothing like an Amazon Prime wedding suit. And we filmed the wedding ourselves. And guess what? It was amazing. We had so much fun.

I think the total cost for both our wedding and honeymoon was no more than $10,000 altogether. And of course we are waiting for the right time to have kids which is probably the biggest expense for any adult. So take your time with those 5 big life decisions.

As for monthly expenses, I like to look at Mint each month and use the 80/20 rule to see the 20% of my purchases that make up 80% of my total expenses then try to decrease those as much as possible. Usually the biggest monthly expenses are things like insurance, food, restaurants, online shopping, and utilities. Decreasing the biggest expenses will make the most difference in the long term.

Some things you can do is shop around for different insurance to get the best rate, take your time to find the best deal online if you’re for sure buying something, switch to a different electricity plan if your company offers it, change cell phone plans. In the past year I’ve done a lot of those things and it goes a long way.

Remember, at the end of the day, money is just a utility that should be helping you live a happier life.

Try not to stress about money, and try to be intentional about how you manage your personal finance. It’s really quite simple when it comes down to it. To increase your net worth you just need to earn more than you spend. Easier said than done but still simple.

I also believe that if you take care of the little things then the big things will take care of themselves. Make sure you’re getting into the details of each one of these tips to make sure you maximize your earning potential while minimizing your big expenses as much as possible. Then let the software automate your money for you and all you have to do after that is be patient.

Good luck with your personal finance journey. Thank you for watching. I hoped this helped you out. If so please give it a thumbs up and share it with someone who would benefit from these tips. Subscribe if you want to see more videos like this in the future.

How to Afford a Tesla: Top 5 Tips to Save Money!

Ordering a Tesla Model 3? Click here to get FREE Supercharging with my referral link.

Skillshare: http://skl.sh/andyslye2

Web extension for best online deals: http://geni.us/HONEY

Favorite budget app: http://mint.com

Favorite self-help books: http://geni.us/m6mJM2Z

Favorite business podcasts: https://kit.co/AndySlye/favorite-business-podcasts

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Transcript:

My Tesla Model 3 is the best purchase I’ve ever made but it’s also the 2nd most expensive purchase I’ve ever made, and it can be scary to spend that kind of money especially on a car. Well in this video I’m going to show you how I was able to save $60,000 cash while in my twenties when my average income was about $65,000/year after taxes. So I didn’t have some crazy six-figure average income. I know how it feels to need a loan for a car. I bought my first car in 2010, it was a used Pontiac that cost $12,000. After getting a small loan for that I promised myself that my next car would be paid in full. So here are some of the tools and strategies I used to help me buy my dream car. To reach any money savings goal as quickly as possible you really just need to do two things: increase your income and decrease your expenses. Very simple but not that easy. And the most important thing is to try to increase your income while not increasing your expenses. First you need to figure out exactly how much money you need to save.
Budget
To do this you need to create and follow a budget. This is one of the most important steps because without a budget you don’t know where your money is going and you need to make sure you’re tracking every dollar that comes in and goes out. For my budget I’ve always used Mint. It works great. It has a free app for iOS and Android. It lets you securely connect all your financial accounts and see all your financial activity in one place. You can create your budget and quickly categorize every transaction so your budget stays accurate and up to date. What’s really cool is Mint has a feature called “Goals” and with that you can select the “Buy a Car” goal and here you can input your total amount of money that you want to save for your car. It does have a built-in car selector but since Tesla is constantly re-structuring their prices I’ll leave a link in the description below that’ll take you directly to the Model 3 order page so you can make sure you’re getting the most-up-to-date pricing. That link also has my referral code built into it so in case you do order you’ll get your free Supercharging bonus. So visit that page and select all the options you want to find out exactly how much your car will cost. Once you know that total cost you can input it into your Mint Goal and set a target completion date and it will show you the exact amount of money you need to save each month to reach your goal. This is what I did when I was saving for my Model 3 and it was extremely helpful.
Be Frugal
Once you know how much you need to save each month, the next step is to be frugal. This all comes down to not spending money on unnecessary things and when you do have to spend money make sure you’re getting the best deal possible. Look at your budget and find the biggest expenses like insurance or internet or restaurants which is always a big one for me. Then do some research and find out where you can save money in those areas. TrueBill is a free app that helps you keep track of all your paid subscriptions so you can identify and cancel the ones you don’t need. Some things that helped me were: I switched to the cheapest prepaid cell phone plan I could find. If you pay for TV, stop it, cut the cord. I’ve never paid for TV ever in my life. Most people can get by with just basic high speed internet and a streaming service like Netflix. Avoid buying things unless you absolutely need it. For things you do need, use web extensions like Honey to automatically show you the best deals and most savings for anything you’re shopping for online. Try to buy used items instead of new if you can. Ebay & Amazon Warehouse deals are good places for used items. If you do need to buy new, Greentoe is a cool website that lets you enter your own price & bid on brand new items. If you’re an Amazon Prime member like me one of my favorite things is to choose No-Rush shipping instead of the 2-day shipping so I can get the free digital credits toward movie rentals so stuff like that seems small but it all adds up over time so anywhere you can save money, try to be frugal about it.
Learn Valuable Skills
So that tip was about decreasing expenses and these next two tips are about increasing income. First is to learn valuable skills. Being a person of value will make the most difference in your life. Once you learn how to provide some type of value to people and master a skill you will find that your potential to increase your income will become higher and higher. Some of my favorite ways to learn a valuable skill are through 3 sources: books, podcasts, and online courses. I’m a big auditory learner so I love audiobooks. Some self help books that have made a big impact on my life and my income potential are Man’s Search for Meaning, 7 habits of highly effective people, Atomic Habits, Think & Grow Rich, How to win friends and influence people, and Essentialism. Some of my favorite podcasts about self help, business & productivity are The Sweaty Startup, Smart Passive Income, College Info Geek, Ground Up Show, Art of Manliness, and Fizzle. So all those books and podcasts have helped me become a better person and entrepreneur in some way but I think the best way to learn a specific valuable skill is through online courses and Skillshare is one of the best resources for that. Skillshare is an online learning community with more than 25,000 classes in all kinds of things like graphic design, photography, productivity, and business. The best thing about Skillshare is that its premium membership is super affordable (remember we love being frugal right?) with an annual subscription that’s less than $10/month and it’s absolutely worth it because with a Premium Membership you get unlimited access to every course. In fact, I just took a course on Skillshare that’s made by a fellow YouTuber, Matti Haapoja, who does some stuff with Peter McKinnon. Matti has a course on Skillshare where he teaches wedding filmmaking, and if you don’t know, I actually film weddings in my spare time so I love taking a videography courses like that each year to brush up on the industry and Skillshare has so many courses like this that will help you learn a valuable skill. If you want to be one fo the first 500 people to try Skillshare Premium free for 2 months, just click the link in the description below.
Build Side Income
And that leads us into my next tip which is to earn some type of extra income in your spare time. Like me you probably have some sort of day job or maybe you’re a full time student. Whatever you do, the best possible way to speed up your savings progress is to earn more income. You can try to be as frugal as possible but decreasing your expenses only goes so far. Increasing your income is almost limitless. Sp find out what your most valuable skill is and utilize it to offer some type of service that you can charge money for or that brings in some type of income. This was the biggest factor for me. I’ve had a day job ever since I graduated college but around 5 years ago I started to actually dedicate a lot of my spare time to my side businesses which were mainly YouTube and wedding videography. So during my lunch hour, during nights and evenings, I would work on my YouTube stuff. And one Saturday every month I would go out and film a wedding. So I learned and practiced a valuable skill (video production) and put it to work in my spare time and it helped me increase my income. So use the resources that I mentioned in the previous step to obtain a valuable skill and then work hard in your spare time to create some sort of side business. And remember to keep your expenses as low as possible as your income increases. This is the ultimate key to saving money.
Model 3 Config & Savings
The last tip is all about the Model 3 because after all this video is about saving for a Tesla. Here are some things to keep in mind when ordering your Model 3 to save as much as money as possible. My first tip is to not pay for the upgraded sport wheels. If you stick with the default Aero wheels you save money and get better range so that’s a no brainer to me. If you don’t like the look of the Aero wheels don’t worry they pop right off to a decent rim underneath. Also if there’s still a federal tax credit available by the time you order make sure you quality for it. I’ll leave a link to FuelEconomy.gov where it explains the tax credit for Tesla and how to be eligible for it. I’lll also link to Energy.gov where you can check if your state has any rebates or credits for purchasing an electric vehicle. You can also check with your local power company. Sometimes they offer rebates and credits for EV purchases. And while you’re doing that, check to see if they offer “off-peak” rates which are times in the day (usually at night) when electricity is charged at a cheaper rate. Sometimes you have to specifically request to get on an Off-Peak plan. I did this and it helps minimize electricity costs when charging a Tesla at home. And if you do have to install a charging outlet, check if there are any rebates or credits for that as well. When I got my outlet installed there was a tax credit of 30% of the total installation cost which was nice. And last but not least, get multiple quotes for insurance. Even though the Model 3 is the safest car ever tested by the US government, the insurance is still expensive for most people so shop around and get the best quote. I ended up switching my car insurance provider when I got my Tesla because of the better rate. And if you want to learn more about how you can make money once you get your car, be sure to subscribe because my next video will be all about driving for Lyft & Uber with a Tesla. Thanks for watching. I hope this helps you get closer to owning a Model 3. You won’t regret it. Best car ever. Everything I mentioned will be linked below so check the description. My name is Andy and I’ll talk to you in the next one. Bye.
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