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How to Afford a Tesla: Top 5 Tips to SAVE MONEY

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How to Afford a Tesla: Top 5 Tips to SAVE MONEY

How to Afford a Tesla: Top 5 Ways I Saved $60,000 in My 20’s to buy a Model 3
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My #Tesla #Model3 is the best purchase I’ve ever made but it’s also the 2nd most expensive purchase I’ve made. In this video I’ll show you some of the tools & strategies I used to help me buy my dream car. To reach any money savings goal as quickly as possible you need to increase your income & decrease your expenses.

Budget
A budget allows you to track every dollar that comes in & goes out. I use Mint and the “Goals” feature. With that you can choose to “Buy a Car”. It has a built-in car selector but since Tesla is constantly re-structuring their prices I recommend visiting the Tesla order page & select all the options you want to find out exactly how much your car will cost. Once you know that total cost you can input it into your Mint Goal and set a target completion date and it will show you the exact amount of money you need to save each month to reach your goal.

Frugality
This comes down to not spending money on unnecessary things and when you do have to spend money make sure you’re getting the best deal possible. Look at your budget and find the biggest expenses and see where you can improve. Identify anything you spend money on and stop spending money on things that aren’t absolutely necessary. For things you do need, use web extensions like Honey to automatically show you the best deals and most savings for anything you’re shopping for online. If you’re an Amazon Prime member like me one of my favorite things is to choose No-Rush shipping instead of the 2-day shipping so I can get the free digital credits toward movie rentals so stuff like that seems small but it all adds up over time so anywhere you can save money, try to be frugal about it.

Learn a Valuable Skill
Once you learn how to provide some type of value to people and master a skill you will find that your potential to increase your income will become higher and higher. Some self help books that have made a big impact on my life and my income potential are Man’s Search for Meaning, 7 habits of highly effective people, Atomic Habits, Think & Grow Rich, How to win friends and influence people, and Essentialism. So all those books and podcasts have helped me become a better person and entrepreneur in some way but I think the best way to learn a specific valuable skill is through online courses and Skillshare is one of the best resources for that. Matti has a course on Skillshare where he teaches wedding filmmaking, and if you don’t know, I actually film weddings in my spare time so I love taking a videography courses like that each year to brush up on the industry and Skillshare has so many courses like this that will help you learn a valuable skill.

Side Income
Find out what your most valuable skill is and utilize it to offer some type of service that you can charge money for or that brings in some type of income. 5 years ago I started to dedicate a lot of my spare time to my side businesses which are YouTube & wedding videography to increase my income. Use the resources mentioned in the previous step to obtain a valuable skill and then work hard in your spare time to create some sort of side business.

Tesla Savings
Here are some things to keep in mind when ordering your Model 3 to save as much as money as possible. Don’t pay for upgraded wheels. Aero wheels cost less and get more range. Make sure you quality for the tax credit. Check if your state has any rebates/credits for purchasing an electric vehicle. Check to see if your power company offers “off-peak” rates which are times in the day when electricity is charged at a cheaper rate. If you have to install a charging outlet, check if there are any rebates or credits for that. Even though the Model 3 is the safest car ever tested, the insurance is still expensive so shop around to get the best quote.

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How to Afford a Tesla: Top 5 Tips to SAVE MONEY is often the biggest purchase you’ll make in your life. It’s actually important you have the ideal information, at the perfect time, to make certain you make informed decisions.

How to Afford a Tesla: Top 5 Tips to SAVE MONEY

How to Afford a Tesla: Top 5 Tips to SAVE MONEY house can be very different from purchasing a secondhand house. You might be buying off-plan, meaning that the property might not even be constructed yet.

Cash

While purchasing with How to Afford a Tesla: Top 5 Tips to SAVE MONEY, you might have to put a reservation fee to your buying.

Many online store will request that you swap contracts and pay a deposit soon after buying. You need to ensure that your lender and authorized agent are conscious of the deadline and can meet it.

Many online store will have referral relationships with particular How to Afford a Tesla: Top 5 Tips to SAVE MONEY and authorized representatives. You’re under no duty to utilize these companies if you do not need to. More information on this is seen on the Home Owners Alliance site.

There might be additional fees connected with a How to Afford a Tesla: Top 5 Tips to SAVE MONEY, such as estate center fees. Ensure that your legal agent fully explains the facts of the contract so that you understand what you’re signing up for.

Timescales

If your house is still being assembled, your online store may provide you a date by which your house ought to be completed. On certain occasions this date might be postponed or brought forward. Ensure to understand what’s going to occur in either situation. If the former, your mortgage provide might want to be refreshed because they generally only last for a restricted period.

A long-stop date could be written into your contract, which lets you draw from the purchase at case of long delays to the house being completed.

You need to think about agreeing at trade a snagging survey ought to be completed when the land was constructed and before conclusion.

This poll can be performed with an expert firm or completed yourself. You need to report back any problems to your programmer and request them to be dealt with until you proceed in.

Most new construct houses have a 10-year guarantee for important structural difficulties and a 2-year guarantee for general flaws, but this might not cover all of the home and any connected land. Ensure that you are clear about what is and isn’t included in the guarantee before you set down a deposit.

Prior to making an offer, know what will and will not be repaired prior to conclusion and what happens in the event that you’ve got a dispute with the builder. Ensure that you ask the programmer for all material facts regarding the house before you commit to purchasing.

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