Reworking, renovating, reusing Home / YouTube To cut costs in her home projects, Joanna Gaines uses what she has at hand. Take the closets, for example. "Instead of getting a new package of lockers, find a way to rework it, whether it's to re-color or paint them," the designer tells Insider. "Use the things you already have and get creative with it. In the end, this is the biggest reward, when you can take what was there and make it better." The same thought should apply to updates in your personal life. Do you need a new car or computer when you may be able to replace some parts? Look for the potential in everything before it ends up in the trash. Don't spend more than you need for Pra Chid / Shutterstock So simple on paper, so difficult in real life. Chip and Joanna didn't let success change them. They cut costs where they can, taking care of a home garden so they can make their own sauce. Chip has worn the same style of jeans and boots since the couple married in 2003, says HGTV. If you're having trouble resisting spending triggers or don't really know where all your money is going, consider downloading an app that will track your purchases. You can even find one with an artificial intelligence assistant who rips you up when you blow up your budget. Take risks carefully HGTV / YouTube It is difficult to create wealth for you or your family without taking risks, but it is not necessary to go blindly to get out of your comfort zone. “Not all risks will make a big jump. Some will be forged with patience, constant and without haste, "writes Joanna on her blog, comparing her willingness to give Chip the opportunity to believe in their home business. "Chip and I had already shown in our relationship what can happen when I let something grow on me instead of giving a quick judgment or unwavering conclusion at first glance." If you need to warm up to investment uncertainty, consider starting with a robo-advisor, an automated software that will manage your investments for you. You will be able to choose a portfolio based on your current risk tolerance, without a nosy human being pushing you in one way or another. So as you become more comfortable and knowledgeable, you can think of stepping up your game. Not accepting defeat Norman Chan / Shutterstock Chip and Joanna have found themselves in some hot water pipes over the years. After the 2008 financial crisis left the housing market in ruins, the pair amassed $ 100,000 in debt. Chip marked their recovery from the power of determination and creativity. "When we woke up a few mornings, realizing we didn't have the money to pay off some of these debts that we had accumulated over the years, we realized that we should have been very creative, very quickly, and really fighting for this," says Chip to Insider. "We didn't want to quit, we didn't want to go bankrupt – some of these things weren't literally options for us." This is the mentality you want when you run into trouble. Even people who are deeply indebted have all sorts of options, including consolidation loans and debt counseling. Plus, free credit monitoring services will tell you which bills to pay first so that you can repair your overdue credit score at the same time. Diversify Your Income Sebastian Ruzycki / Shutterstock.comThe couple's Magnolia Market houses a restaurant, bakery, gardening shop, and more. If you've ever heard of the couple's early days, it becomes clear that they have always been looking for new ways to earn money. In their book The Magnolia Story, Joanna talks about how to get to know Chip: “Every time I thought I had heard everything, she would tell me something else she had done to earn a dollar. It was like every time he opened a door, he met another and another, and he kept opening every door. " Chip's first initiatives, including a washing service, lawn care and his fledgling home renovation, required a lot of sweat and effort. As their startups turned into an empire of houses and gardens, the fundamental principle of diversifying their cash flow remained the same. According to Inc magazine, when Fixer Upper debuted in 2012, the couple focused exclusively on building. After opening the Magnolia Market to the Silos – a landmark shopping complex spanning two blocks in Waco, Texas – it was 80% retail. Playing with new sources of income can help you discover incredible earning opportunities or protect you from a sudden job loss. Plus, today's gig economy apps and online markets allow you to easily find work whenever you have free time. Start an emergency fund szefei / Shutterstock Today the couple is discussing the dignity of keeping a nest egg – Joanna is a saver, while Chip likes to invest as much as possible – but there was a time when he would have come in handy. Over a decade ago, the Gaines family raised around $ 2,500 in tickets when their neighbors complained about their dogs wandering the streets. They didn't pay and Chip spent one night in prison. To get the $ 800 bail, Joanna was forced to clear the register and safe from her small business. That moment, he says, opened his eyes. "I think the best lesson for me is always to have a nest egg on the side," Joanna tells Insider. An emergency fund will protect you from all kinds of unexpected expenses or even from losing a job. It is a good idea to put enough money for at least three or six months of spending into a liquidity management account or a high yield savings account. This way you can earn solid interest on your money while not using it. Don't let passion drag you away HGTV / YouTube If you've ever gone shopping when you're hungry, you know it can ruin your shopping budget. Your stomach craves things you know you don't really need. The same types of triggers can be disastrous with larger purchases. "When you're buying a house, it somehow becomes an incredibly emotional decision," Chis says in a direct question and answer with Insider, advising people to "get that emotion out of the equation." Home hunters should take things slowly and evaluate their needs at each stage. Does the charming arrangement of a home distract you from the fact that it is 20 minutes from the nearest supermarket? Has the deck you want, but is it too small for your growing family? And once you've found your perfect home, don't let your decorating dreams keep you from looking for the best possible mortgage rate. Skipping that step can cost you nearly $ 52,000 over the course of your mortgage. Go hunting for Stefano Ember / Shutterstock. com When decorating a house, Joanna saved a lot of time by stopping in a high-end shop and collecting everything from the shelves. But that's not his style. Instead, look for shells for second-hand lamps and furniture in flea markets, antique stores, real estate sales and auctions. The pieces you select have character – and save a lot on each kidney. Maybe you don't want to spend your weekend looking for antique clocks that match your fireplace, but you should definitely look around when it comes to your biggest expenses. And it doesn't have to be that difficult. Online tools make it easy to compare quotes for things like auto insurance or life insurance. By taking a few minutes to watch, you may understand that you have paid far more than necessary. Imagine how it adds up, month after month. Build relationships with trusted professionals HGTV UK / YouTube Even experts like Joanna Gaines, seen here to advise a couple on their restructuring, need contacts to turn to. When times got tough, the couple relied on close partners to make their rhine operations work. "The bankers, for us at the beginning, were the key to our success," Chip says in a real-time question and answer. "Especially during the periods '08, '09, & 10, things have become very difficult, very complicated. Many banks across the country have had to withdraw – and in Waco, Texas, there is They were bankers who were bending over backwards to try to be creative, to give us the opportunity to get some breather. "If you are looking for reliable help with your investments, be sure to speak to a certified financial planner who qualifies as a "trustee." This designation means that they are bound by law to put your interests first and will not give you any advice that makes them the largest commission. professional has 100% shoulders will give you the convenience of making the right moves at the right time. Build for the future, not for today ronstik / Shutterstock As a point of pride, the Gaines family refuses to do renovations that now look good but that fall apart in time. “I don't want to jump to faster trends or quick fixes. I want to make sure that whatever you establish serves our customers and their needs for a long, long time, "Chip says in an interview with Southern Living. "When we buy houses built in the early 1900s, they are generally still in excellent condition because the people who built them were building them to last a lifetime." Even though it is difficult to put today's worries aside and think about the future, a day will come when you will be glad you did. With enough time, even a few dollars invested today can make a substantial difference when retiring. Feel free to start small with a micro-investment app that automatically invests your small change, then scale once you see how successful it can be.