16 Tips to Save $100,000 by the Time You're 30

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How can you save $100,000 by the time you turn 30? Hmm…Be a genius and get a super well-paid job? Find some rich relatives to financially support you? Win the lottery? Good luck with that. Or maybe first try these tips that work nearly 100% of the time.

Unless you have a good financial base, consider using public transit or riding a bike. Some big-wig leaders do it! Get acquainted with your inner chef, and get to know your stove a little better. And, guys, forget the phrase “Because I can afford it!“ Someone who makes less money but is wiser about it has better chances of saving $100,000 than someone who can't stop shopping to impress.

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TIMESTAMPS:
Make saving automatic 0:24
Ignore the latest trends 1:00
Cancel club memberships you don’t use 1:30
Buy video games you can play over and over 2:03
Forget the phrase “Because I can afford it!” 2:36
Adjust the thermostat 3:13
Unplug what you’re not using 3:39
Switch to LED bulbs 3:59
Pick the right-sized cookware 4:31
Save water 5:00
Use the dishwasher 5:37
Master the art of cooking 6:10
Don't buy an expensive car 6:40
Invest in real estate 7:13
Try something new 7:45
Live with your parents 8:19

#savingmoney #everydaylife #brightside

SUMMARY:
- Set up automatic transfers into your savings account. If you save 5 - 10% of your income this way, which doesn’t sound like a lot, you’ll be surprised to see how much it’ll turn into after a few years.
- There’s really no need to go out and buy a bunch of new clothes just because a certain shade of blue is “in” this season.
- If you’re not using all those things you signed up for months ago, then just cancel them!
- Grab a blanket or open a window before you depend so heavily on the heater or AC to keep you comfy.
- It's a good idea to keep all electrical appliances unplugged when you’re not using them.
- LED bulbs cost more than old-school incandescent ones, but the benefits outweigh the initial price hike.
- You'll be surprised to know that up to 50% of the electricity is wasted when you choose the wrong size pots and pans.
- A person can waste 5 to 8 gallons of water while brushing their teeth or shaving. The solution: turn the faucet or shower off if you’re not using the water at that moment!
- Believe it or not, a huge powerful dishwasher actually uses less water than a person who hand-washes the dishes.
- In fact, if you’re eating “cheap” at fast food restaurants and not fancy sit-in places, you’re still spending way more than you would if you just cook at home.
- Buying a car is one thing and paying for its maintenance is another. Unless you have a good financial base, consider using public transit or riding a bike.
- Unless you have to take out a mortgage, any real estate pays itself off pretty quickly, whether you live in it or rent it out to someone else.
- Don't be afraid to try something new while you're still young – like a new job, for example. There’s a chance that you’ll discover a talent for something that’ll bring you much more money and fun than your old job.
- While this used to be a running joke about people who were too unsuccessful to make it on their own, more and more young adults are happy to live with their parents these days!

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Hey there, BrightSiders! How much money did you end up saving last month?

BRIGHTSIDEOFFICIAL

Excellent tips! Here are my favorites:
1. Identify whether it’s a “want” or a “need”. Be honest. If it’s only a “want”, give it 30 days.
2. Borrow from your local library instead of buying that book, magazine, album, movie, etc.
3. Stop bad, costly habits, like smoking, drinking, and eating junk food. You’ll not only save today, you’ll save much more as you age: no expensive pills, operations, health care...
4. Eat leftovers. Cook and store basic foods (like beans, pasta, rice, sauces, soups, chicken fingers, meatballs and burgers) for meals during the week. I put cooked food in freezer bags and squish flat to freeze. Then I just break off what I need for that meal.
5. Make meat an accompaniment rather than the main part of a meal. Check out foreign culture cookbooks (in the library) for ideas. Or substitute meat with other sources of protein (like beans, legumes, tofu, quinoa).
6. Try washing clothes in this very effective and dirt cheap powder: mix one cup OxyClean powder with one cup washing soda (not baking soda) in a covered container. Use one Tablespoon of the mix per load. Use cold water.
7. Take snacks and beverages (filtered water in thermoses) with you to avoid having to stop at expensive convenience stores when you’re out.
8. Spend money on experiences rather than things. Go to concerts, plays, museums, have a picnic in the park, go on nature hikes, play cards or board games with family and friends.
9. Give yourself a realistic goal, like buying a home, saving for your kids’ college, your retirement. Then ask if what you want to buy (notice I said “want, not “need”?) is worth taking away from that goal.
10. Strike a balance between saving for tomorrow and enjoying today. Be creative with saving money without sacrificing all the joy of living.

HeronCoyote

*I'll come back when I'm 30, and I'll see how accurate and helpful this video was.*

aaronburr

set a budget, identify high paying skills, acquire them, invest

ScottSwalwell

TIMESTAMPS:
Make saving automatic 0:24
Ignore the latest trends 1:00
Cancel club memberships you don’t use 1:30
Buy video games you can play over and over 2:03
Forget the phrase “Because I can afford it!” 2:36
Adjust the thermostat 3:13
Unplug what you’re not using 3:39
Switch to LED bulbs 3:59
Pick the right-sized cookware 4:31
Save water 5:00
Use the dishwasher 5:37
Master the art of cooking 6:10
Don't buy an expensive car 6:40
Invest in real estate 7:13
Try something new 7:45
Live with your parents 8:19

BRIGHTSIDEOFFICIAL

conclusion :
1. auto transfer to saving accounts every months
2. stop following trends
3. stop wasted membership
4. bought games with high replay value (makes you play it for a long time)
5. wiser when go shopping
6. not too dependent for thermostat (use electricity wisely)
7. unplug unused electricity hardware (use electricity wisely)
8. choose LED bulbs, use electricity wisely, again !
9. right sized cook wire
10. use water wisely at bathroom
11. less water dish-washer
12. eat at home by your own cooking

you're welcome

faisalmuhammad

I already do tip 1, 2, 3, 5, 7, 10 12, 16 and I’ve successfully saved more than an average 21 y/o would have in their bank account 😊
.
I’ll also add the following tips
—-> avoid being friends with people who pressure you to purchase things you don’t need or friends you feel the need to impress with materialistic things to stay friends with them.
—-> Purchase food in bulk and reduce your visit to restaurants or junk food buying
——> Avoid impulse spending and purchase in bulk
—-> purchase items based on beauty not based on brand name.
—-> Have a purposeful spending habit and not unnecessary spending.
—-> Stay quiet about how much you have to prevent people coming to beg or borrow money from you which they likely would never repay.

winnie_ijay

I'm 4 months away from 30 years old and I'm broke. I hate it. Thanks for this info.

hotviral

Hey bright side,
Love your vids ❤️ your vids really help me through life.
This is how much we love you
👇🏼

lorenmanulevu

1. Dishwasher actually uses more money to run, rather than hand washing. Not considering the cost of the dishwasher unit itself.
2. Never put objects in a tank of a toilet. Modern toilets are already low gpf, lowering the gpf even further will result in clogged sewers and costly repairs.

DARTHFEARN

Don’t be like most Americans big spenders just to show-off what they don’t have. Almost Everything they have is charged to a credit card with a high interest rate. Save your 💰 💴 💵 💰.

kuroneko

I m 21 and till 30 i think i will end up saving more than this

rahulpal

Excellent, excellent and excellent advice indeed. Many thanks for all of your educational videos.
Sincerely Babur

baburejaz

Use jacks with a power switch, is an efficient way to eliminate the sleep mode.

kallenordvall

Buy only what you need, of course, just don't wait until you need it. Buy when it's on sale, in bulk if it's cheaper, will not spoil and you have room to store it.

randystegemann