If it comes to saving big, small changes are a good beginning.
“If you try to downsize your house, get rid of all your cars and make every one of these extreme changes, it’s so overwhelming and you’re not likely to do some of it,” says self-evident millionaire Chris Reining, that banked over half his earnings into retire at age 37.
“The small changes will lead you to be able to make the big changes.”
You could begin with saving on toothpaste, for instance.
Back in a recent interview with Vanity Fair, billionaire Mark Cuban shared precisely the way to do that: Buy in bulk and on sale.
“It’s so tough to make a return on routine investments which … you are better off buying two decades’ worth of toothpaste if it’s on 50 percent discount,” he states. “There is a direct return on your money.”
Don’t stop with toothpaste, either. This approach applies to “some reusables or consumables that you need to have,” the billionaire tells Vanity Fair. “When they’re on a massive sale on Amazon, purchase them, because chances are, their prices are going to go up. That’s a real savings that you get to put in your pocket.”
In terms of where to stash your cash once you start saving big: Invest it in “the lowest priced SPX mutual fund you can find,” says Cuban