How To Save Money My First 100k - Making Less Then 40k A Year

It took me 5 years to save my first 100k after being 22k in debt! Here are the steps I took to save and invest my money, growing it to over $100,000!

In this video I will show you how I utalized passive income sources on top of my working income to help fast track my savings account! you don't need to be making a 6 figure income to achieve this so I hope it helps you on your financial journey!

The Best Automatic Stock Portfolio & Personal Finance Tracker
This is a reminder I am not a financial advisors and this video is for entertainment purposes only!

#Money #Finance #Investing #Dividend #Passive #Income

[PassiveIncomeInvestor]

The Best Automatic Stock Portfolio & Personal Finance Tracker

[saintsavage]

Started investing when I was 16 and bought and held ! Got a job working sanitation at 19 living Below my means and was able to buy my house at 24 now I’m 26 getting into Real estate ! Don’t need a crazy job to make it I’m a garbage man lol

[Jp-gcbh]

Nice! I’m 24 and make 38k Annually, I live with my mom and have no car payment besides insurance that’s 80$ so with the bills I spend 700 a month. I’m hoping to do this same exact thing

[Alisher]

Like you said it very realistic if you start soon and invest smartly you reach 100 k in no time. I am only at 4.8k portfolio at the moment hopping get 100k in 5 years as well if not more! Thanks for the this

[jo]

I been investing in my 401k for almost 14 years. Im at 90k at this time. I kept taking 401k loans and initially only saved 4% to get my employee match. But at the beginning of 2020 I increased to 16% and im almost done paying off my last loan. After that no more loans and will be increasing to at least 20%. Its never too late to save.

[IndependentInvestor]

Multiple golden aspects in this video if you listen carefully. Pay attention to the philosophy of starting and saying to hell with it I want to invest because I don’t want to go into debt ever again. Very well done 👍 enjoyed this video!

[oyzydsm]

I hit 100k last year and I thought I’d be more excited but I wasnt I just wanted MORE :/

[mindsinmotion]

That's awesome that your parents were willing to help you and also that you were determined to pay them back. But in the end you learned something about yourself and how you viewed money.

[addc]

im 25 and have 1k in savings should i already start to invest?

[nettoyageadriance]

Super underrated channel. Really good insights and wisdom. Thank you! Why isn't this taught in school?

What is your main business?

[NextBigStory]

This is advise that will echo through generations!

[GenExDividendInvestor]

And enjoy the marathon.. balance in all things :). Thanks for sharing your journey... Happy Thanksgiving or happy Thursday, all :)

[darknite]

Thank you I am 55 and I need to know how I can save 100, 000 in 10 years give me some advise

[DoomLegion]

The first 100.000 is a bitch, but you gotta do it - Charlie Munger

[lodersracing]

This is my exact same story. A very simple and consistent way of manking money.

[SlavaMoney]

$40k of capital gains - that is very good.

[mccorrect]

I have a similar story, before 2 years I had 20k after really writing it down and investing

[freedomworks]

First thing is to become debt free. When you owe others, you are giving your liberty 🗽 away to that entity that you owe. Once you are 100% debt free and owe nothing to no one you need to pay yourself first. A portion of all $ money 💰 you take in is yours to keep forever. Never stop working never stop saving never stop investing the road never ends

[Mranimefreak]

Sigh...I wizened up way too late at the age of 25 and have only just started on investing. Just imagining how much money I could have saved up instead of going out to eat all the time in my younger years really makes me cringe.

[aphabet]

Am 26 with 36k saved up am i invest in real estate this year