How to Save Your First $100K - Money Saving Tips

Save Money Quickly with these Tips and get to $100K ASAP.

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Timestamps:
0:00 - Start Here
1:10 - Work Backwards from A Goal
2:13 - Track Expenses
3:20 - Live Frugally
4:34 - Investing Tips & How to Start
6:01 - Regarding Debt
7:37 - Increase Income

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PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for.

[humphrey]

Hitting the Like Button is correlated with saving $100k ;)

[jonasmcclein]

I've watched countless YouTube videos on trading in the market, but they either speak gibberish or share their success stories without offering practical guidance, leaving me hesitant to take risks on my ow

[starrysloth]

to everyone who's hustling hard now, hang in there!
recently finally hit my first 200k savings and the first 100k is really difficult. after the first 100k it is much easier because we are more accustomed to saving and have more discipline. now i will think twice (or thrice) before frivolous spending on big ticket items because it will deter me from the goal.

[Blitcliffe]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[JakeM]

A Nespresso machine really helped me to cut back coffee expenses. I can still have Starbucks coffee - they even sell the pods in store! But it works out 10 Nespresso pods for the price of one coffee out. It still feels premium, and easy to make.

[DavidMiller-dudy]

With the uncertainty of the new year, everyone should be worried about the state of the stock market right now, and might be considering the best stocks to buy that can keep your portfolio on track.

[sakhalittle]

Legends to embrace if you want to get rich investing Humprey and Gary Joe Wilde.

[jasonmart]

Taking control of my finances is one of the best decisions I’ve ever made in my life. Since January i was able to pay off all my debt and between my long term cash savings and retirement account I’ve already saved $30, 000 this year!

[LuisHernandez-rktp]

Meal prepping and not going to Starbucks is a big money saver. I'm going to be 40 next year I hit 100k at age 34. I finally bought a house and wiped out my savings. I only kept 5k. I'm currently at 60k but I probably would be at 80k but I started investing in a regular account and roth ira.

[mrcrazyvid]

Im @ 90K! Should reach 100k very soon!

[WtfReal]

I’m 4 years old with 5mill 3 investment properties and 200k in crypto. Can I buy lambo next year?

[andymasiello]

Im 25 and was able to save up about 130k, got my bachelors and im debt free because of the military. Just bought my first house! Love saving

[whiteley_photo]

Instead of trying to get them to save 20% of there income reverse it to spend 80% of there income. Makes it easier for the person to sort there spendings

[Hoggs_Cruising]

Hi Humphrey. Would you include home equity in your calculation of how much you have saved? And workplace pension schemes?

[marvinbugarin]

Do you have a spreadsheet where you write down all your expenses. I am just starting to write down all my expenses and would love to have a layout

[lip]

I'm at 60k plus my 12-8 job 50k cause I pay low in rent in NYC and in my early 30s. Really trying to rush to the milestone by early next year.

[DemetriPanici]

this is really important for people to learn! I think just having the mindset that it's possible and following practical advice will make it happen for everyone!

[zhiyuwang]

Thanks very much for the video Humphrey. I remember you talked about your website as one source of your income. Do you plan to talk a little more about it? Thanks again.

[Grieverexx]

I'm glad to have this video confirm my goals. The only frugality I have is going out so I just need to stop being a foodie T.T

[adamtennant]

I completely agree. The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 55 and have a decent $1.2M nest egg thanks to my fa Emily Lois Parker. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.