HOW TO SAVE YOUR FIRST $100K 💸 without missing out on life!

Friends,

✨ After making my Net Worth video, I wanted to breakdown my easy steps to getting to your first $100,000 without needing to be super frugal or restrictive with money. I am super passionate about using psychology to make sure you can achieve this goal as easily as possible. I hope you enjoy the video!

✨Time Stamps:
00:00 - Intro
03:46 - Tip 1: Mindset Shift
05:54 - Tip 2: Understanding compound interest
09:18 - Tip 3: Pay off high interest debt
12:34 - Tip 4: Keep fixed costs low
14:36 - Tip 5: Face your numbers & budget
16:27 - Tip 6: Automate
18:04 - Tip 7: Build trust in yourself
20:12 - Tip 8: Invest extra money
21:12 - Tip 9: Consider large purchases
22:50 - Tip 10: Use tax advantage accounts
23:44 - Tip 11: Make more money
27:01 - Tip 12: Have Fun

✨What to Watch Next:

✨Music Used:

✨ Subscribers: 2794! 💕

✨ Tags:
How to Save Your First 100K, How to Invest Your First 100K, 100,000, How to get rich, get rich, How to Build Wealth, June Money Reset, June Money, 2024 Reset, Budgeting, Etsy, Budget Tracker, Budget Spreadsheet, personal finance, reset for a new month, finance, organization, lifestyle, Vancouver, Canada, monthly budget with me, budgeting tips, paycheck routine, money goals, money challenge, money saving challenge, savings update, how to track your finances, how i budget my money, how i budget my paycheck, credit card user, financial goals, budget by paycheck, budgeting for beginners

[stellabudgets]

I am 27 and I have an extremely low income from a casual job while I’m finishing my studies. Most of my wage goes to childcare expenses.I manage to invest $65 per month which is certainly better than nothing. I am due to graduate this time next year and my income will just about triple. It’s a short term struggle for long term benefit. Thank you for being realistic. While money is important, we need to LIVE as well.

[Alejandro-jjyc]

For me, the first 15-20k were the hardest…It really took hard work to develop the right mindset and habits in order to build the saving and investing “muscles”. Then on to 100k took the most TIME, but it was easier, if that makes sense. From 100k to 250k even easier because it starts to feel like you have a “partner” that’s helping you. I’m 30 now and my NW is just over 700k. I can definitely say that from 250k to 700k has felt pretty much like on autopilot!

[VBoo]

You're smart, I was a financial idiot in my 20s. Now I'm 30, and only this year did I learn to save even though I've had a high salary for the last 5 years. Silly me. I feel behind lol. My goal is hopefully to have saved £100k (128kUSD) in 4 years! I'm starting a No Buy in August, wish me luck please!

[kikiob]

My problem is knowing WHERE to invest. Do I hire a financial advisor? Any advice? Recommendation on a high yield savings account?

[lynninfinite]

I can’t until I’m at 100k net worth 🥲 growing up low income (like 20k annually) so seeing the numbers I do—this is so crazy to me. Sometimes I want to self-sabotage because it’s so foreign to me and feels unreal, but I know I need to bite my tongue and push through. It’s soooo close. I think I’ll reach it by October!

[YaChiLife]

The first 100k is the hardest. Finding the perfect balance is so important :) Your videos are so insightful ☺

[rachelh]

100k seems impossible but I’m out here grinding !! Watching your vids while working OT rn, thank you for continuing to inspire me!

[jkoffroad]

I’m 31 & my wife is 30. We paid off all of our debt. The last one being 20k of her credit cards. We paid that off in 5 months working our butts off working OT at our jobs plus me doing landscape on weekends. Now we only have our mortgage. We set a Goal and we did the damn thing! Now we will be investing into our retirement while also making double payments on our mortgage

[emi-dy]

Great video! Those are all such important tips. 😊 I think the "start early" and "automate" points are especially important! Looking forward to your next video. 💕

[symmonep]

The last 1-2min or so are CRITICAL! I hope ppl were really listening. Great tips here, thanks Gabby!💕

[thomass.]

Thank you so much for this video. I'm in my 20s and am struggling to find a balance between living frugal and enjoying my young life without many strings attached. I loved seeing this video as it helped me hearing a different voice in this.

[hmiller]

This was such a great video! I've watched A LOT of these types of videos (including Ramit and The Money Guys) and this one does such a great job of summarizing so many of the tips/advice found in other videos. I am going to recommend this video the next time someone asks me for an introduction to getting serious about personal finance.

[PhilRuybal]

Thank you for this! Im trying to figure out how to grow my money and i also have no debt! So yhis was super motivational and i think you should make a video about investing, if you dont already have 1! New sub here lol.

[averynmitchell]

3:27 good for you girl and thank you so much for your transparency! 😊 I’m starting at ~$43, 900 gross ($21/hr) out of college. I made the mistake of not negotiating, next time! ❤❤

[jacquiquinlan]

Love the trust in yourself point! All these points resonated though.

[gracielagarciavazquez]

I just want to say thank you so much for helping me get my priorities straight when it comes to finance. Ever since i started watching your videos i stopped wasting money like its free lol everything you advise is also good!!!!

[psays]

Just barely finish the intro and you made feel so motivated 🤓 ready to take some notes now

[LearnGermanwithMarzipanfrau]

That was really motivating. I got through different times in life. Sometimes I had more and sometimes I had less. But the most important thing is that I used my budget plan since I was 15 years old and I always know until this day if I can afford something or not. <3

[papa]

thank you for this! these are such digestible and easy to follow tips! im half way there at 31, so fingers crossed for a quick jump to 100k 😮‍💨🥳

[sydmacdonald]

Great tips, love watching your videos!🥰