"Frugal Living Hacks from Someone Who Spent $20,000 a Month and Still Saved"

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Living on $1500 a month

• The speaker lived on $1500 a month while earning$20,000 a month, and was able to do so by being frugal and strategic with his finances.
• He prioritized three big cost centers: transportation, living, and food.

Food

• The speaker ate out every day, and found that the cheapest options were Chipotle, Panda Express, and Chick-fil-A.
• He recommends meal hacks and prep to save money and time.

Transportation

• The speaker recommends buying a used vehicle in cash, between $5,000 and$10,000.
• He also recommends driving for Uber to make extra money.

Living

• The speaker lived in Southern California and was able to find a roommate to split the cost of rent.
• He recommends finding a room in a shared house with like-minded individuals who share your goals.

Relationships

• The speaker believes that having strong relationships is key to success, and recommends being a good friend and providing value to others.
• He also recommends not needing anything in return for helping others, as this can lead to stronger and more meaningful relationships.

Money habits

• The speaker recommends tracking your bank account daily to stay on top of your finances and stay motivated.
• He also recommends getting competitive with your bank account, and setting goals to increase your income and decrease your expenses.

Gaming your finances

• The speaker believes that gamifying your finances can be a powerful way to stay motivated and focused on your goals.
• He recommends setting up a system to track your progress and celebrate your successes.

Overall

• The speaker emphasizes the importance of being frugal, strategic, and proactive with one's finances.
• He believes that these habits can lead to greater financial freedom and success.

Source: Get Rich In 2023 Live Like You’Re Broke, Alex Hormozi