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

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Andy Slye

How to Afford a Tesla: Top 5 Ways I Saved $60,000 in My 20's to buy a Model 3
The first 500 people to click my link will get 2 months of Skillshare Premium for FREE: http://skl.sh/andyslye2

Ordering a Tesla Model 3? Get FREE Supercharging ➡ http://geni.us/t3sla
Favorite budget app: http://Mint.com
Web extension for best online deals: http://geni.us/HONEY
App for managing paid subscriptions: http://truebill.com
Buy used items: http://www.amazon.com/WarehouseDeals... & http://ebay.com
Bid on new electronics: http://GreenToe.com
Cheap prepaid cell phone plans: http://mintmobile.com
Favorite selfhelp books: http://geni.us/m6mJM2Z
Favorite business podcasts: http://kit.co/AndySlye/favoritebusin...
Tesla Tax credit info: http://www.fueleconomy.gov/feg/taxevb...
State credits/rebates for EVs: http://www.energy.gov/eere/electricve...

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 builtin car selector but since Tesla is constantly restructuring 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 NoRush shipping instead of the 2day 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 “offpeak” 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.

Twitter:   / slye  
Instagram:   / slye  
Website http://MyTechMethods.com
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