How I Saved $100k in 5 Years

🇨🇦 moomoo CA: deposit $100 now to receive a $50 bonus FOR FREE.Transfer now to receive Apple gift card that worth up to a new Iphone;
🇺🇸 moomoo U.S: deposit $100 will get 7 free fractional shares in a top US stock bundle or 5.1% APY on uninvested money.

Please LIKE this video, leave me a comment, and subscribe for more content.

MY FAVOURITE THINGS:

***Some of these links are affiliates and I may receive a small commission when you sign up or make a purchase.

Music from Uppbeat (free for Creators!):
License code: FDG42HBZ0ZZEBNH8

[JayWalsh]

You're on the right track.
My dad taught me something when i was a kid. He said, "Do you know what rich means? It's not a certain amount of money in the bank. I t means you can wake up when you want to, do whatever you think is productive and interesting to yourself, and go to bed at night having lived your life the way you see fit while never answering to anyone. And knowing you can do it again tomorrow."

I'm 62 now. Here's the funny thing, it takes a lot less money than you think to achieve it.

[shawn]

Living with parents is definitely the biggest boost possible. I don't understand parents who kick their kids out so they live in poverty forever. As long as kids are working full time with a real job, let them stay.

[Riggsnic_co]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[OneAndOnlyMe]

The first 100k is the hardest. The next 100k can be achieved in much less time if the 100k is left to compound. The 100k after that is even easier.
I saved up £500k over 14 years (plus another £250k in pension). My "why" was to stop, retire in my 40s and no longer work.

[seltzermint]

For me just the idea of "stability" and "safety" has been enough of a why.

[nicholasgutierrez]

My friend moved out to a cheaper city when his mom kicked him out at 20. I helped him out by loaning him 1k (Not an issue for me) and by making a budget so he would save every month. I told him that right now, it's all on him. That he has no safety net and that he really needs to stop doing stupid shit to save money. He was good to save 1k a month on 35 hrs/wk. I told him he needed to maybe get a second job so he could be in a better place (another 8hrs/wk) in case something happened. He proceeded to get a new GF, not follow my advice and blow money on a European vacation and then he crashed his car with no savings. Can't help people sometimes.

[AnaViolinViola]

My steps: earn more, invest instead of spend…Bought a home at 45, now at 47 trying to overpay as most as I can and build cash/index funds/bonds/pension portfolio. I know I’m almost late to the party but I intend to do my best😊

[lVlegabyte]

OMG Levi at 10 weeks old just melts my heart! So cute!

[danieltaylor--]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

[josedominguez]

How refreshing to see a smart, down to earth young person winning at life. You go girl!

[bonniecherniss]

Levi is your best investment! He’s so cute

[robertthompson]

My favorite side hustle is buying stuff at yard sales and Craigslist and selling it on eBay. The key is knowing what to buy, how much to pay for it and what you can get for it.

[eddenoy]

I don't have any kids, but if I did, I would want a daughter like Nicole.

[geraldt]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[maryallen]

Nicole, You need to go to different high schools and ask them if you can give a Nicole talk to the high school kids. Sometimes kids don't want to listen to their teachers or parents but I believe they would listen to you. I know you would be good at it.
Your an amazing young woman. You will be a multi-millionaire oneday.

[frankd]

Cars are the WORST waste of money on earth. The more expensive the worse it gets.

[Thomasr]

Sage advice. Probably one of the toughest parts of becoming more financially savvy for most people is learning patience. Too many people give in to immediate gratification and pleasures because its "only a few bucks here or there." Your goal is accumulation, so every little step in this direction does make a difference. Being frugal and intentional does not mean living a deprived life void of any joy. So many people mindlessly stumble through life with no sense of direction or destination - just stop doing that and the financial course of your life is forever changed to be more rewarding. Take stock of yourself and financial position, then make changes where needed.

[paul_domici]

The 1st 100k is hard, after that it snow balls!!! Great video Nicole!!! People need to start saving more : )

[mayhemsmiley]

Thank you, you made me laugh out loud this morning with your comment about your foot falling asleep. At 61 I have to move regularly otherwise stuff stiffens up. Thank you for sharing this, such valuable lessons for anyone no matter their age.

[GeeWit]

70 y.o. and yeah, been there, done that, BUT always keep in mind :: they WILL move the cheese on you at some point at least once - you can bank on it. Diversify your income streams, across asset classes and within asset classes. It's not as efficient for growth but it's also not as efficient in loss during downturns, either. Be as tax efficient as you can as taxes are onerous enough to reward all the effort of study.