How do you get started saving for investing?
Lower your expenses.
This is #1 highest leverage thing you can do to increase your savings.
Hands down, here is where you start.
Then, work to increase your income.
After you’ve gotten frugal, it’s time to figure out how to make more.
Get a raise, side hustle, change careers.
Do something.
After that, keep your spending the SAME and watch that savings rate grow.
You invest the gap between your lower expenses, and higher income.
My goal is 50% savings rate, investing heavily in real estate each year. You don’t have to go that extreme — start with 1% then 10% of your income.
Sign up for my free workshops to learn the real estate game!
www.lyonideas.com/free-workshop
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