Saving Like Crazy – 12 Steps to Get Rich

On the road to wealth, sooner or later one must also try the way of extreme savings.

In short, we need to start saving hard.

Today I don’t suggest it to you, however, for the reason you might think. It is true, everyone always tells you that a euro saved today is revalued and grows to generate passive income, thanks to the magic of compound interest.

This is certainly a good reason to be prudent and save, but the main reason why in our way to wealth I ask you, in this third month, to save almost compulsively is to understand that you can also live with little or in any case with less than you currently spend.

This will make you realize that you can also risk more in working life. If things go wrong, at best, you will have to do some downshifting and you can continue to have fun and enjoy the real pleasures of life.

And then let’s start the experiment. Oh my God, but how do I do it ???

Ok, let’s go step by step and see what you can do and how to organize your extreme savings month.

In this article

• Are you talking about a frugal life?
• What expenses do I need to eliminate?
• What will I gain from this experiment?
• How to manage those around you?
• Any useful tricks?

Are you talking about a frugal life?

Frugality means simplicity, sobriety. Translated into our daily life it means having a sober regime, not squandering.

Ok, I’m not asking you to be frugal, maybe you already are, but to live a month or just a few days as if tomorrow you lose your job and have to live with what you have. I decided to do it for three weeks.

In this period, you must therefore move the bar a little higher and live with even less, with almost nothing.

A month without eating out, cooking only cheap food, reducing the time of your showers, turning off the water tap when you brush your teeth …

What expenses do I need to eliminate?

Simply all or as many as possible. You have to think to lose everything. How would you eat, how would you organize yourself if you had your bank account in a red suit tomorrow?

You should cut out all the superfluous, but also part of what you think is necessary today.

I’ll just give you a few examples of extreme cuts: you could suspend your car insurance for a month and use the means. At the weekend you could avoid car trips, trying to discover what surrounds you.

You could go back to washing and ironing your shirts without taking them to the dry cleaners.

Perhaps you should eliminate not only coffee at the bar but also lunch at the restaurant with colleagues, by falling back on a meal brought from home.

You would initially take out everything you have in the fridge and then shop carefully for discounts, promotions, and all possible offers.

It is useless to tell you that you do not need to play scratch cards and Superenalotto to lose money, and smoking, as well as being harmful, is a useless waste of money.

Don’t buy clothes then, maybe exchange them with friends and relatives.

Avoid reducing yourself like the protagonists of the Sick Savings program, but do not worry and exaggerate!

What will I gain from this experiment?

At the end of the month, you will surely have gained confidence and awareness of how many unnecessary expenses we make every day just to satisfy the demands of the “market” and how many things you could eliminate in case of need.

How many times have you said that you cannot risk starting your own business, because you would no longer be able to support your current standard of living?

Have you ever thought about how many expenses are related only to your current status and how many could be eliminated?

If I were not a manager, but a freelancer, I could certainly give up the tailor and the uncomfortable but elegant shoes that I wear every day. I could avoid the lunches and dinners outside the home that have also led me to be overweight …

You will also learn to appreciate some important privileges, which you have today and may vanish from tomorrow. Yes, there are no acquired rights, life is also made up of cycles and it does not mean that it should always improve.

In addition to improving your mental state, you can also accumulate a small nest egg to use to start some side activities.

You could start a course, start a blog, take a trip… or leave this money in the bank waiting for some ideas.

How to manage those around you?

I know that the obstacle, sometimes more difficult, to overcome is the judgment of those around you.

Some will think that you are crazy, others will not notice your change.

Talk to those who are willing to listen to it, but give a fuck about others. After all, it is not important to be liked or to convince everyone.

Of course, you can’t starve your family to death, but you can involve your children, if you have any, and your partner in the game of hard savings. You will also want to teach your children that one day you might even lose everything, but it would be nice to start from scratch and rebuild a dream and a life perhaps even richer than the current one!

We all traveled in tents, to appreciate the comfort of an extra luxury hotel. And now and then it’s not bad at all to load a backpack on your shoulders and leaves.

Here our journey is called the road of wealth and the test to be faced is that of not spending.

Any useful tricks?

If you want to have no money, you must have no money. 

Then withdraw a certain amount, put it in your wallet and leave the card at home. With that money, you can live. If you can’t do it, you have no excuses, you won’t be able to spend more, ask for loans.

You will see that in an emergency you will sharpen your wits and find many ways to spend less and better your money. I have 200 euros in my wallet for the next three weeks. Thinking about it they seem to me almost a lot, but obviously, I will report the expenses and I have not included the expenses of the house, for now irrepressible.

I will only be able to use the account in an emergency, but I am sure that I will not need it and that at the end of this game I will have understood that the money is not so necessary.