How To Save A Million Dollars! | GSK WEALTH BUILDERS | #WealthElevation

On Episode 4 How to save a million dollars and control your financial destiny on #MoneyMakingMonday. 

#KEY POINTS

• Wealth is destroyed mainly by one thing, lack of knowledge
• To be financially successful you must understand: Money, Taxes, Finance , Profitability
• Wealth and income is a function of your Productivity. To increase income we must: 
  • ​Work Harder, 
  • Be Smarter, or
  • Be More Creative

​3 Secrets the 1% use to their advantage​

1. Compound interest 
2. Develop Amazing Habits, and NEVER LOSE MONEY
3. Time value of money and opportunity cost

          $1 = $17.45         $10 = $174.50        $100 = $1744.94

8 Ways, to stop leaks that are destroying your wealth

1. Bargain Shopping : Learn to become a producer and not a consumer
2. Luxury Cars: Are copies of standard cars owned by the same company (i.e. VW & Audi)
3. Over paying on insurance: Check for better rates once a year at multiple companies
4. Cancel Cable TV and get Netflix or HULU
5. Over paying on cell phone bills: Avg Canadian spends $62/mth 
6. Dining out: Order takeout instead or reduce buying alcohol at restaurants/bars
7. Buy a Hybrid Vehicle: Save on your gas monthly (largest saving)
8. Reduce Paying for parking : Get to your location early and find free parking

If you implement these strategies and  save $500/month over 30 years
your savings will be over $ 1,132,000 in 30 years!!!
Even if you were able to save $100/month your savings will be over $216,000 in 30 years

#LINKS
MY #WealthElevation GIFTS TO YOU | http://goo.gl/wu94dI

Compare Insurance: https://www.kanetix.ca/auto-insurance

Compound Interest Calculator: http://goo.gl/UmYy36 

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Sam GSK builds businesses. Learning investment skills from the family property management business he started purchasing properties in Atlanta Georgia, renovating and renting them out for cash-flow while simultaneously listing them for sale to profit from the built up equity. Now he runs GSK Wealth Builders, a forward thinking, diversified holding company. The firm is engaged in four primary business segments : Investments, Financial Intelligence, Branding|Marketing, and Real Estate. 

The #WealthElevation Show is Sam's way of providing as much value as possible by taking your questions about social media, entrepreneurship, Real Estate, Stocks, and family businesses and giving you his answers based on a lifetime of building successful, companies.

Find Sam here: ( @ SAMGSK on social platforms ) 

Main Website: http://gskwealthbuilders.com
Personal: http://www.samkakembo.com
Facebook: http://facebook.com/kakembo
Twitter: http://twitter.com/samgsk
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FB Fan Page: http://facebook.com/halifaxwealthbuil...
US Real Estate: http://auxohomes.com