dylanovanekeren video 4 : How to get a luxury lifestyle and not go broke.

 How to get a luxury lifestyle and not go broke.

There are many different meanings of what luxury is to you or someone else when it comes to living a life of luxury, so it's crucial to establish your definition of what luxury means to you personally. To determine what you want from a luxury lifestyle and luxury experiences and stuff, I think it's crucial to explain to yourself what luxury means to you. It might be the new Chanel bag, some new clothes, the newest gadget, or it might be the peace of mind, some free time, or relationships that are not poisonous. it can be anything that you enjoy and feel comfortable and luxurious in.

Hello! Welcome back to my channel. In today’s video, I will give tips on getting a luxury lifestyle within a budget. So watch till the end to not miss out on any tip worth listening to.

You daydream about building your luxurious lifestyle but realize how unrealistic it is. When you think of a luxurious lifestyle, you probably picture clothing, vehicles, vacations, and expensive meals. When that's what we picture, it's easy to get discouraged and think that luxury is out of reach, especially when it seems like so many people are trying to maintain their lifestyle by raising prices to order to afford certain things. However, luxury can mean many different things to different people.

Having a luxurious mindset. It turns out that luxury has everything to do with how you feel and think about something and nothing to do with the things you're surrounded by or the amount of money you're spending. You splurged a lot of cash on what seemed genuinely opulent. You didn't have to spend a lot of money to have the same sensations; rather, your feelings about the thing or place caused you to feel that way. What you consider to be luxurious may not be so to someone else.

We frequently spend money on things we don't value because we are overly concerned with what other people think of what a luxurious lifestyle entails. Understanding what luxury means to you is the key.

You might be surprised to hear that while we all have different ideas of what a lavish lifestyle comprises, it just comes down to a few essential elements which include understanding your finances, budgeting, and many more and I am going to explain each of those, so make sure to stick till the end so you don’t miss out on anything worth watching!

Understand your finances:

First and most important is to truly understand your finances and income and divide it into bills, savings, and for spending on something you want.

Knowing when to spend and when to save money is one of the keys to having a wealthy mindset. I've noticed that we spend money impulsively without even considering or making plans for unforeseen circumstances.

Spend some time understanding your income, including what goes out of your pocket and what comes in, such as your phone bill, rent for your car, and other expenses. After deducting your costs from your income, put half of the remaining amount into a savings account; the remaining amount is yours to keep. Decide what to spend less on and move on with your available money. For you guys, that is just the simplest financial advice.

Budgeting:

Next, what you want to learn is budgeting. Where to spend? How to spend? How to save from what you spent? It is all in there.

Creating a budget enables you to compare your income and expenses. After this tracking, you'll be able to determine what's truly excellent. These include goods that are necessities and items that you must pay for. Many people lack a firm grasp of their financial situation. They don't know what the checks and balances are, they don't know why they might not have enough money at the end of the month, and they might not be sure how they're using the extra money they do have. As a result, even though they are aware of their source of income, they consistently feel broke.

You will be able to see what you might have at the end of the year to spend and enjoy once you complete what is essentially a projection.

Budgeting only exposes you to your finances and enables you to develop a habit that enables you to understand what is happening and what you will see after a budget. If you have extra money to spend, and if you do, you can set aside some of it to purchase luxury products, build up a fund, and then purchase a luxury item over several months or even daily if you so choose. It's up to you. The truth about your finances is revealed to you through budgeting, and once you know this, you can decide how much money you want to set aside for a luxurious lifestyle.

How do I genuinely create more money or more money to be able to afford those luxury products and to have some extra money after I budget? This is a question that individuals frequently ask.

There are important methods for individuals and companies to increase their financial success, and here are a few. The first is through adding value, which entails improving people's lives in some way.

Because many people use taxis to get around, driving an uber is currently a very effective way to make money.

You can make a lot of money if you can think of a solution to an issue that affects the entire world or just one person on a small scale. For instance, if someone purchases a cream from you and it assists them in the manner they desire, they will pay you to resolve their issue.

For example, if you are an electrician, plumber, dancer, or singer, you just need to market your abilities, and clients will pay you to complete their work.

DIYs:

When we watch these people who are living a luxurious life, we wish, we could be them. Instead of doing that, learn to keep track of trends. by watching tutorials, you will be able to do it yourself and will be updated on the latest fashions because it might be very expensive for you to follow these trends each year. 

In the case of women, One of the most noticeable features of a rich and glamorous woman is her hair. This is likewise very expensive. Find out how to braid your hair and different styles, in short, reduce your visits to pricy salons.

There is no reason to waste money when you could do it yourself, utilize the money to make sure you're saving accounts for things you may splurge on, and find goods like this on YouTube, which is a treasure mine for novices.

Use coupons:

Always checking to see if you may utilize a discount is another crucial piece of advice for me. For everything, a coupon is available. Install the Groupon app, and it will appear whenever you visit a website where they have discounts available. You can earn cashback for making purchases there. Check Groupon regularly for discounts on services like facials, spas, massages, hotels, auto repairs, restaurants, wine tastings, and more.

Research before buying:

Before making an expensive purchase, always check amazon, eBay, etc for the same thing at a cheaper price. This is one of the best ways to save money. It's easy to find designer knockoffs of products on Amazon, eBay, and other sites where customers are said to shop. Look around like the world is your oyster because you can save so much money if you look and learn how to save them. YouTube has a lot of YouTubers who have made videos on designer dupes and how to find them too cheap.

Numerous outlet stores offer name-brand products for a significant discount. You may also visit trick stores, where you can discover plenty of high-quality items for only a few dollars, along with consignment stores. Learn about sales while you're shopping. Knowing when stores are having sales and shopping during that time might save you money. For instance, you can buy summer clothes in the winter and vice versa because winter usually follows summer and summer always come back. So try your best to save your money.

That's it for today. If you enjoyed this video, make sure to give it a big thumbs up and subscribe to my channel to never miss any content from us. Thanks for watching and I will see you next time.