Remember your summer reading list from elementary school? Thought you grew out of that shit, right? Well, don’t you know that you’re supposed to keep reading to learn and grow and blah blah blah… I will not give you some horse crap about how you need to read everything under the sun or finish 365 books in a year. I can barely finish one book a month if I’m lucky. I restarted this type of post to force myself to read more and write down what was important to me not to forget it. Hard-drinking doesn’t help with memory, FYI.
The focus of my reading and writing will mainly be financial or personal finance. I read other material, but you will want to hit your head against a wall if I wrote about networking and technology. Remember, I am not a guru, just some crazy guy with the hopes of collecting some “passive income” and eating a lot of damn good food… The real reason is that I want to prove a point that one can learn something, and maybe make some money along the way cause we all know I’m too pretty to work this hard.
Ok, who’s ready for Savings Experiment Number two? I’ll be trying to cut back on the amount of iced coffee that I buy at work and home. As it turns out, buying coffee I could get for free from the office or paying even a tenth of the cost for some homebrew is a silly waste of money!
In my defense,
I do cherish that daily ten-minute trip to the coffee shop- it allows me to unwind after reading shitty work emails! Do you know how pissed off you get when the contractor changes their schedule for the millionth time this week, and you spent most of yesterday getting everything ready for them? But I digress! “What does Roman’s coffee habit really cost,” you may be asking? Well, at Dunkin Donuts, my regular large iced coffee costs $4.18. Not a lot, right? But I have a habit of drinking 2 (god damn contractors) in one day, which comes out to $8.36 a day, which over a week is $41.80, and in just a month, that’s $167.20! That’s $2173.60 a year!
Well, now that escalated quickly.
Two thousand dollars is real money. Let us see how I do in this experiment. But readers, I’m looking to you for your guidance this time. Leave a comment on what you think I should try to unchain myself from coffee servitude. I will not be cutting down on my drinking, so don’t even suggest it!.
Since my last post, I’m one month into tracking my savings using the “Empty the Pockets”, AKA “if I didn’t drink it, I saved it” AKA “Resutrant Leftovers” method and the results are in! Ladies and gentlemen (insert drum roll), our total savings are…$870! Honestly, that’s not a bad amount for just emptying my pockets on Sundays.
I will be continuing to track and update you all on my saving methods for the next year or so. COVID is a thing, though, so let’s not plan too far ahead! At the end of this year, we’ll take a look at my savings log, and, depending on the amount, you guys can help me make a decision on how to spend it. Perhaps a nice bottle of [INSERT EXPENSIVE BOTTLE YOU WOULD BUY HERE] to bring things full circle.
When it comes to money, all the gurus tell you how to save, what to save, how to do it; they love to shove their style of fs down your throat like it’s the next best thing. Here’s a secret, hacks, or trick (whatever you want to call it) to all of the investment, savings, and adulting fun. Not everyone can make it work all the time. A person needs to find a way of saving money that works for them. I happen to know a few simple, idiot-proof tricks.
The first method I use is to pull money directly out of my paycheck and put it into a 401k account (more on that later.) If I can’t see it, I can’t spend it! Simple and straightforward, right? Method two and my personal favorite: the drunk weekend special.
Whatever is in your pocket at the end of the weekend goes into savings. Boom! Thinking you will spend $100 this weekend, but you only spent$80? Put that cool twenty bucks into your savings. Trust me; this adds up quick: $20 over 52 weeks is $1040. At the end of every weekend, just take whatever cash you didn’t spend and put it into your saving. Not bad, right? Method 3 is my least favorite but works better than anything else to get your savings up.
Suppose you pay with your credit card to cover the bill for your friends, and they pay you back in cash. Instead of putting that money in an account to pay off the credit card, put in your savings account. The benefit of this is that you get to save and earn credit card points(points get you more free stuff.) Let me give you an example: This weekends bill of $450 is broken down into $250 savings and 450 points that is a win-win in my book. A beneficial side effect of this method is that you start looking more carefully at your expenses to avoid a heart attack at the end of the month. I’m not a guru (don’t’ t like them very much, as I mentioned) s I’m just telling you what works for me. It may not work for you in the long run, but its worth a shot. What is your savings hack or trick?
It’s been almost four years since my last post on the Fat Guy from Brooklyn blog. It feels like a lifetime ago, the whole world changed, and as a person, so have I. Appropriately, the brand has taken on my refined personality and views. There are no more following trends and there are no more desserts- just burgers, steaks and living life!
To compliment this new me I’ve decided to include a new personal challenge as well: make $100,000 a year outside of my regular income. Afterall, those juicy burgers and mouth watering cuts of meat you’ve seen on my Instagram page don’t pay for themselves! Will this be easy? No, but, additional sources of income are never accessible or passive. However, they afford the freedom and flexibility to live life in a more relaxed manner, and- as you now know- living life is one of my top priorities.
So how will I be doing this? Maybe you’re thinking to yourself: sponsorships, advertising revenue, affiliate offers, or development of dividend rich portfolio. My plan is simpler than all of that, though. The first step is to create videos, post photos, or whatever medium chefs or restauranteurs will pay me to do; food, travel, and finance will be the subject matter. Next, I’ll invest that money into the stock market or other similar avenues. For example, I’ll be using websites like Credit Karma, personal capital, Webull, etc. These websites provide simple, clean information without all the fluff and fancy talk. They provide the necessary information that everyday people like you and I should know about and help us in our daily lives … At the end of the day, I’m just trying to make life easy for everyone, honestly. Too many of my friends keep making the same mistakes financially, sort of how I make the same relationship mistakes over and over. Never met a crazy, hot, sarcastic woman I didn’t like but that’s a story for another time. Straightforward information about real-life that matters to everyone (mainly to me) is what you’ll get here. Oh, and lots of pictures of amazing food. You’ll get that too.