Did you know that phone chargers are what’s known as ‘Vampire Energy Suckers’?
They are devices that drive up your power bills just by being plugged into the power outlet.
They don’t even have to be in use!
Other Vampire Energy Sucers include night lights (even when they’re not turned on) and coffee machines.
In fact, the problem is so bad that it can add up to 25% to your power bill and cost you as much as $440 a year.
So if you’re looking for an easy way to put some extra cash in your pocket, remove your charger from the power socket when it’s not in use.
However, while that’s a useful tip let me tell you something else.
While some ‘financial experts’ advocate “cost cutting” as the path to getting wealthy, I don’t believe it’s the real key to financial independence.
The living on ‘baked beans and rice’ plan can only go so far.
I am not saying don’t be frugal – my background is Scottish so I know all about frugality! I hate wasting money.
However, let’s look at this way.
Let’s say you earn $60,000 per year.
What’s the most you could save if you never eat out and clip coupons etc?
After tax maybe $15,000 per year – and that would be an incredible effort.
Afterall, you’ve still got the cost of housing, food, transport etc. to consider.
But, let’s say you doubled your income to $120,000 – then how much could you save.
Assuming you maintained your current lifestyle, maybe as much $45,000 per year.
That’s up to 3 x more savings – which you can then invest in wealth-building assets like real estate or stocks.
How much faster would your net worth grow then?
Plus, you are living a better lifestyle too!
This is why I am a HUGE advocate of setting up new streams of income online.
And, I am running a free virtual workshop today to show you one of the best ways I know to do that.
In fact, if you act now, you could potentially be enjoying “Cashflow by Christmas”.
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How to Make a Healthy Income Selling Products on Amazon - Even if you Have No Idea What to Sell Yet
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