5 weird ways I saved 100k without a high income

How I saved $100,000 without a high income, investing in stocks, crypto currency, or going into debt - and how you can too.

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📩 Contact Me
See the "About" section on my youtube channel for my emails.
More on Instagram @gojereme

👨 Who am I?
I am Jereme - my wife and I paid off 50k in debt, quit our 9-5 jobs, sold most of our stuff, drove across country from Oregon to Michigan, and bought a small A-Frame Cabin in cash to live simply.

This decision gave us more control over our time to actually focus on the things that matter to us - serving Christ, each other, and our community better.

I created this channel to empower you to become more intentional with your time, talent, and money in order to live the life that you want to, not what society expects of you.

🎥 My crispy, minimalist camera set-up

[flam]

Pretend you just got fired and start living on half your income. Adapt, change, cut out the extras and bank the other half. It's hard but in 3-5 years you can accomplish it. Better to learn to live on less when you can make the choice than when the choice is made for you.

[DaveM-FFB]

I kept telling myself that every $100K saved and invested is $10K/yr income for life (on average). Before long, you have lifestyle choices you never imagined. Great job!

[ericas]

1 Dont have pets
2. Have one vehicle that you share
3. Live in the cheapest rent place you can
4. Leverage credit cards for travel expenses (use points)
5. Learn a new skill - they learned how to take photos and edit
-Live below your means while trying to make more money at the same time- 👍

[fabianm]

Im almost at 100k, will reach it in a couple months. Still living with my parents to save money, plus I have an electric car thats paid off and I dont spend on gas.

[colette]

I am 20 years old with a lot of different passions and ideas and very much not interested in slaving away at a 40 hours a week corporate job with a fat paycheck for the rest of my life. I am currently investing in building the life I want now and figuring out how to manage my finances in a way that makes that possible and honors the Lord. This is so encouraging and helpful! Thank you for sharing these parts of your life with us it is very motivating and inspiring

[M-hcxm]

As someone approaching retirement, I can tell you we used some of these strategies and they WORK. Sharing a car isn't something every couple can do, but it really pays off and helps communication. We never made a lot of money, but we will be more comfortable in our retirement than we were in our early years out of college.

[NaeNae]

You said how "I" saved... on your title. It should be "we". It makes a massive difference when it is a two income household.

[odalaigh]

I started doing real estate photography. It’s turned into a 30k a year side gig!

[MiriamImperial]

I'm glad you mentioned pets. Nobody mentions them when it comes to saving money. You can end up spending thousands of dollars if they get sick.

[goldennlust]

Jereme: "don't get a pet."
Me: looking at my puppy that I got 3 months ago o_O

[maithao]

“You have to choose your hard.” Love that message! Thank you for the tips. A service based skill. I like how you put that. And lastly, I never thought about not owning a pet to save money.

[nayelis_]

Great advice here! My wife and I were both on a really tight budget for almost two years while we paid off all our debts. Once paid off we rented our home on Airbnb for 6 months and saved most of that money. When covid hit we sold our home. Bought two acres of land in Hawaii and built ourselves a tiny house totally off grid. Now we are completely rent and debt and own everything we have. My coworkers always thought I was weird shopping at goodwill and being frugal and eating my home made lunch everyday while they were always eating out and spending money now they all look at what we did and wish they would of done the same. The future for us is bright now. We are focused on saving as much as we can so we can start our own small business and continue to build houses on our two acres. It’s not that people don’t make enough money it’s that people are too materialistic and get themselves into debt. Anyone can do what we and yall did with focus. Congrats man!

[mskay]

Great tips, I have always said it's not how much money you make, it's how you manage it. I am the opposite of you, I had pets when I was younger and my kids were little and growing up. I am a senior now and live on social security and even though I love pets, I don't have one. You are right it takes time and money to have a pet, and they say 30% of seniors fall, and are injured from tripping over a pet. Now I go to my kids and see and play with their cats and dogs. The best of both worlds. Hugs and Blessings to all!

[christopherrosas]

The basic rules to putting more money in your pocket, live below your means, increase income if you can, and lower expenses as much as this is something not everyone can understand, but they're so easy to this is actually why I had one of my friends who was struggling financially get on a it really helps you see where your money is going and when you maybe can't afford that thing you want

[lucilletorres]

I like how you mention parenting a pet. Many pet parents don’t realize the expenses they can incur depending on health of pet, the pet’s behavior, and care for pet when one is away.
Plus, as you mentioned, the expense of pet deposits and increased rent. It all adds up.

[vegask]

Living with your parents is the best way to save money.

[qmakesithappen]

You guys really got after it! I love hearing stories like these man. I'm on the road to F.I. myself and it's definitely work. Choose your hard is something I say often and you're absolutely right about that! Nothing worth having comes easy, I wish you and your family continued blessings 🙏🏽

[money]

I have a dog because my parents were going to put him down. But walking him 2-4 miles a day helps calm him and forces me to exercise /lose weight. I do project work for real estate company that I worked as a employee for 5 years. I get a studio with electronic and internet included since its setup as airbnb

[jainthorne]

When I moved to Portland OR in 2008 I parked my sports car for a month to see how easy it was to live without a car. I did it simply as a fun social experiment. After the first week, I never looked back. I sold my car and rode a bicycle everywhere including a 15 mile one way bike commute to work. When the weather was really bad (only about 3 weeks out of the year), I took public transit. I used Zipcar about once or twice a month at first but now Lyft is my go-to option when I really need a ride in a car. The amount of money that it saved me over the course of the last 13 years allowed me to finally become debt free without ever feeling deprived. It also put me in a position to buy my tiny condo last December and I'm budgeted out to pay off my mortgage in 3 years instead of 30. The power of re-thinking how you do things should never be underestimated.

[saramarkowicz]

I just LOVE the way you talk, most of the time I wanna go straight to the point, I just felt like listening to you because it feels like you're talking to a friend, and that's natural. Thank you !!