How to Save $100,000 Cash in 3 Years

About this episode:
In today’s video, find out some real ways to save a bunch of money fast that don’t have anything to do with joining an MLM or cutting avocado toast out of your budget. You’re welcome.

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[bernadofelix]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[EmilyNora]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

[NicholasBall]

It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[Richmind-irzi]

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

[AndersonFair-cybb]

I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?

[MaryLawson]

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[AminaCasazza]

I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how w0rthless 'cash savings' are in this current unstable economy. D0 you suggest I invst in real estate, stocks or Gold?

[JimmyA.Alvarez]

Scholars who study the stock market’s historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500’s total returns. I want to spread across $400k into profit yielding dividend equities but unsure of which to get into.

[Jocov]

*I was homeless, got into drug's went to prison and then I got to know Jesus and he changed my life...Heaven came through for me in my finances too, getting $50, 000 in 2months . I can support God's work and give back to my community. God is absolutely more than enough! Now I have a new identity and a child of God*

[bobbymainz]

Financial management is a vital subject that many avoid, often leading to future regrets.

[brianwhitehawker]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[WillieNickell]

In these turbulent times, understanding how to effectively handle finances, make astute investments, and navigate economic challenges is paramount. Yet, my primary concern lies in augmenting my stagnant reserve of $240k, which has remained dormant for an extended period without any significant gains. While I'm dedicated to a long-term strategy, the persistent threat of inflation depleting my savings and the continuous decline of my portfolio necessitate urgent action and resolution.

[Bum_Hip]

An important thing to consider is that saving, and investing is NOT a zero sum game. If, at the end of 3 years you come up short, you did not fail. If you end up with 50k, or 60k you still have a nice start. I think many people get intimidated by the goal, and think they can’t do it, so why even try. Any savings is better than no savings

[simonbad]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[RichardMoore-jgtl]

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

[mikemuoio]

Hot tip: stop eating out. Cook your own food at home. It tastes better, its more affordable, and its really fun!

[TeresaFroster]

_I'm 50 years old and living in Canada Alberta 🇨🇦I'm willing to retire at 55 if things keep going the way I planned bought my first house last month I'm glad I made a productive decision that has changed my life forever can't be more proud that I'm right now*

[guhreenskittles]

Thank you for this video. I cancelled my $130 studio membership, changed my withholdings and plan to reduce my take out food budget to reach 100k in 5 years for house down payment. I didn’t realize how lifestyle creep has creeped up!

[mtb]

It took me 7 years to save up $100k. It was hard bc WHILE I was doing that AT The SAME TIME I was paying off my mortgage and saving up to buy a car. I also had a great side hustle, but that meant I had to work 7 days a week basically 52 weeks a year! I didn’t go out with friends but now I have over 100K, my mgt is paid off and I have a new to me luxury car with the title so no car note. I have no cc debt. I did all this on my own with NO help bc i was determined to meet my own goals after going through a divorce. I did it! My net worth is now a beautiful thing to sit back and look at the zeros in my accounts and investments.
🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉!

[HortênciaDavid]

*I'm favoured, $63K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America🇺🇸.*