If you automatically think cooking at home is cheaper than dining out, you could be going about it all wrong. Several new apps like Open Table are making it cheaper to go out to your favorite restaurants. They give customers discounts by making reservations during off-peak hours. Some restaurants are going so far as offer up to 40% off if you choose them over services like Grubhub or Uber Eats. #WakeUpCLT

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🐪 Hump Days Newsletter ➭ https://humpdays.substack.com

Here’s how the Chinese save so much money. China’s Gross Savings Rate is 45.9%. Meanwhile, data in the US suggests that the savings rate is closer to 3.5-5%.

How is it that the Chinese Save SO much money? I explain in today’s video! Enjoy.

https://www.forbes.com/2010/02/02/china-saving-marriage-markets-economy-trade.html?sh=29db437a83bd
https://www.wsj.com/articles/less-savings-more-debt-how-chinese-manage-money-american-style-in-17-charts-11572427805
https://www.britannica.com/topic/one-child-policy
https://www.scmp.com/economy/china-economy/article/3135510/chinas-one-child-policy-what-was-it-and-what-impact-did-it

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Timestamps:
0:00 – Intro
0:27 – Stats on Savings
0:54 – Why Chinese Are Excellent At Saving
3:22 – Demographics
5:19 – The Secret
6:54 – 4 Factors the Chinese Prioritize
7:32 – The 10:1 Rule
8:50 – Factor 3
10:11 – Factor 4

📧 GET IN TOUCH: I’d love to hear from you! If you have a longer question, or if you have a business related inquiry, please then send me an email at humphreytalks@gmail.com. I try my best to reply to all e-mail but sometimes I do not have enough time to respond to everyone.

PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel
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