Hi there!
Today, I want to share some insights as to how to get started with precious metals when there isn't much 💰 left at the end of the day/week/month. These days for many of us, life is more expensive than ever and while trading in some fiat dollars for real money (gold and/or silver) is a wish, often it can be difficult to do so simply from a budgetary perspective. Whether it's an unplanned expense, increasing monthly bills, income loss, taking care of elderly parents, kids' activities, etc., having just a few extra dollars to swap for physical precious metals can be out of reach for many of us.
While your intent to start adding precious metals may be there, often the means to do so may not. You may not think that you have an extra $50, $100, $200, or $500 per month to get started. What could you do regardless in order to get your "stack" started so you can build financial indepedence, privacy, wealth and peace of mind? Here are some of my tips...
Reduce/stop buying coffee at Starbucks or Tim's and make your own at home. If you buy just one coffee at Starbucks on your morning commute every day, that adds up to about $15 /week or $60 / month. Often however we just don't buy one but two or three (maybe one at noon and another later in the afternoon!). ✨By making coffee at home and bringing it with you in a travel mug, the savings alone on just one coffee could be traded in for a 1oz silver coin, and some silver half-dollars each and every month. Just imagine the wealth you could build out of the system over a whole year?
Reduce/stop drinking beer or wine at a restaurant and instead buy it yourself at the beer or liquor store and save 50%. The markup on alcohol at bars and restaurants is nuts, typically 50% or more, compared to if you bought it yourself. Just two beers 🍻 a week at a restaurant or bar costs about $18 / week or $72 / month.✨ Instead, you could own almost two ounces of silver. "Ahhh my precious". 💍
Reduce your how often you eat out, including take-out. Today, eating out has become very expensive plus quite unhealthy. The average family of four will spend about $150 just at Swiss Chalet! If you eat out just once a week, that $150 bill can balloon to about $600 / month. ✨ Wouldn't you rather keep that $ for yourself and swap it into a 10oz silver bar AND five 1oz silver coins each and every month? Just imagine the role model you'd be for your family!?
Do you receive tips? Maybe you're a taxi or Uber driver, server or barista? Instead of spending or putting your tips in a bank account, why not collect them and each week and make a visit to your local coin shop to trade it in for silver or maybe even a 1/10 oz of gold coin? I know some servers who make over $400 / week just in tips so swapping them for a 1/10 oz gold coin is very doable. ✨ Doing this for just 10 months will get you a full ounce of gold...amazing! And you thought you couldn't afford an ounce of gold!!
Are you expecting a bonus, special commisson or financial gift? Too many of us take these windfalls and spend them maybe on a vacation, new car, or other "stuff". All too often, the more income we earn, the more we spend. Instead, what if you took that extra income, even just half, from the bonus, commission or gift and traded it in for precious metals? This can be a great way to kick-start your stack or boost an existing one and provide long-trem financial wealth and peace of mind. ✨ A couple of thousand dollars can certainly buy you some silver bars and coins along with gold.
While it may seem that getting started with precious metals is out of your financial reach, often when you start to take a look at your daily/weekly/monthly spending habits there can be some easy pickings to harvest some savings, or some harder choices, which can be put towards building your financial independence, privacy and wealth. It doesn't have to be torture but rather fun in finding ways to reduce some unhealthy spending habits and build all new healthy ones can add some health to your wealth!👑
🚨 QUESTION? What's the biggest thing getting in your way and preventing you from buying your first ounce of gold or silver? What's your most burning question about precious metals? Simply reply and let me know and I will get back to you with some answers and tips! 🙏💫
📈BOOK YOUR PRECIOUS METALS COACHING SESSION (60 mins./$175 CAD)
Are you looking for even more information, answers to your specific questions, and tips specific to your own needs? These sessions are ideal for those who are:
completely new to precious metals and are considering whether they would be appropriate for themselves
ready to start adding physical precious metals but still have questions about where /how to begin, what to buy, how much, what kind, where to buy safely, etc.
an experienced "stacker" looking for another opinion or have different questions.
👉 Book a private precious metals coaching session with me to get real answers so you can finally start building more financial independence, privacy and security for you and your loved-ones. ❤️
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