BiggerPockets Money Podcast avatar

Dexa/BiggerPockets Money Podcast

Learn more
Published Nov 24, 2023

All the Money Hacks We WISH We Had Known About

Discover life-changing hacks with Chris Hutchins as he reveals expert strategies on optimizing life, cutting travel costs through savvy credit card points, and maximizing savings with creative spending techniques, all aimed at enhancing personal efficiency and financial freedom.
Episode Highlights
BiggerPockets Money Podcast logo

Topics covered

Popular Clips

Episode Highlights

  • Outsourcing

    Outsourcing tasks can be a game-changer for saving time and money. shares how he and his wife outsourced meal prep, cutting costs by half compared to ordering from services like DoorDash 1. They hired someone to buy groceries, cook meals, and deliver them twice a week, providing enough food for multiple dinners and lunches. This approach freed up time for other activities, prompting Chris to explore further outsourcing options like virtual assistants for small tasks 2.

    For about half of what DoorDash would cost, someone went to the grocery store, bought all the ingredients, cooked meals, and dropped them off twice a week.

    ---

    He emphasizes the importance of cataloging tasks that can be outsourced to maximize efficiency and focus on more valuable activities 3.

       

    Time Value

    Understanding the value of time is crucial for effective decision-making. explains that tasks below a certain value threshold should be outsourced to optimize time use 4. Chris found that signing up as a Lyft driver helped him quantify his time's worth, allowing him to make informed choices about outsourcing 4.

    If it's not worth $30 an hour to pay someone, then why am I not out there earning that $30 an hour?

    ---

    He also discusses decision-making strategies, highlighting the importance of balancing thorough research with practicality to avoid unnecessary time expenditure 5.

       

    Information Structuring

    Structuring information effectively can lead to better personal and financial decisions. Chris advocates for organizing data before conducting research, which helps in making optimal choices 6. He and his wife use a structured approach to decide on activities for their daughter, creating a mini-database to streamline decision-making 6.

    Whenever I'm collecting information about anything, I try to figure out how I can structure it before I do any research.

    ---

    Additionally, Chris questions conventional wisdom, encouraging others to explore alternative solutions and outcomes 7.

Related Episodes