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Alexandra Fasulo, a 29-year-old entrepreneur, freelance author and host of the podcast “Freelance Fairytales“, has an annual earnings of US$400,000 and has three homes underneath her title. What 5 issues does she refuse to spend cash on?
Fasulo, a contract author who makes cash on the Fiverr platform, has made six-figure annual wage for the primary time since 2018 from this job, and makes $300,000 by writing blogs, press releases and web site content material for shoppers. Now 29, she has six funding streams, together with freelance writing, influencer sponsorship, promoting e-books, promoting programs, promoting income, and affiliate income. She netted greater than $400,000 final 12 months.
Fasulo, like everybody else within the gig financial system, is aware of you may’t earn a living in these methods endlessly, so whereas she generally enjoys meals, leisure, and journey, she’s very energetic in investing and saving to extend her web price. She owns three homes in her residence in Florida with a mixed worth of about $1.2 million.
As a way to stay a dream life whereas persevering with to develop wealth, Fasulo refuses to spend cash on 5 issues:
1. Designer clothes and baggage
Fasulo buys all her trend objects at second-hand designer shops like Buffalo Change, so she doesn’t must spend hundreds of {dollars} on new designer garments or baggage at a time.
She stipulates that she will’t spend greater than $2,500 a 12 months on buying. Along with saving cash, she may also donate all second-hand garments that she has not worn to assist the surroundings.
2. Unsubsidized air tickets
She makes use of the favored Chase Sapphire Rewards bank card in the USA to build up bonus factors that can be utilized for journey. Airplanes and automotive leases are virtually solely a small price. Though the cardboard has an annual price of $300, it saves her about $2,000 a 12 months. airfare and different journey bills. She additionally makes good use of the bonus rewards of the JetBlue bank card to make up for the state of affairs that the primary card is just not sufficient.
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3. Lease a home
She purchased the primary home in March 2021 to stay in, and acquired one for funding in October of the identical 12 months and in March of the next 12 months. The property she rents out has long-term earnings to cowl her mortgage and different bills. The home she presently lives in has a mortgage that’s decrease than the lease that might be payable if she hadn’t purchased it.
4. Drink after 8pm
Fasulo is an early chicken, she ends her work early and drinks on the joyful hour of the native bar and restaurant, which saves 2/3 the price of ingesting and eating after 8pm.
5. Taxi inside a number of kilometers
If the vacation spot is inside 3 miles (4.8 kilometers), she’s going to stroll over as an train, saving $30 on a round-trip Uber experience. When touring, she additionally makes use of it to discover town and get monetary savings.
Strolling saves her greater than $300 a month whereas touring.
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