This is a great video on how to avoid unnecessary costs. However, the title promises info on how you get 40k. Even at zero costs, you need some sort of income to get to 40k. With a full time job it still takes years to save 40k, so how did you do it while studying?
That's a fair point! I've made about $12,000 to $15,000 per year during college and worked part-time during high school. I've basically saved most of the money I've made and received throughout my life.
Wonderful video & your advice is 100% true! I turned 21 this year & I have been able to reach almost $45k in total liquid assets, solely from working part-time at a restaurant since I was 16. I’m entering my senior year of college, still living with my parents, and working ~25 hours a week while earning a B.S. in biology & a B.S. in chemistry. Since I go to a smaller, local 4-year university, scholarships have allowed me to pay
amazing video! I also quit social media and its a great way to de-influence and not compare my life to others. Im also saving to have a comfortable future and i'm graduating CC today!
Thats awesome keep up the good work. I had this money saved too when i was your age now im thirty life happened and i stopped paying my credit card off and ran through my savings quickly. I am now 20k in debt but working it down again. If i gad it to do over again i wouldve ripped the credit cards up the first sign of hard times and put my savings in cash under my mattress and acted like i didnt have any money to pay my debtors. Just something i wished i wouldve done figured id pass it on to younger people who may be facing hard times.
It will only get easier from here and most likely your savings will only grow exponentially from here! Once you’re able to spend money to save money it just snowballs. (Like upgrading from a junky car to a more reliable car that won’t need expensive repairs constantly) I had about 35k when I was your age, now I’m 22 and reaching 150k. If you play your cards right it will only grow exponentially from here. I also live with my parents (contribute 500 each months and pay all my own bills except groceries). Never went to college, worked minimum wage jobs since I was 14 and applied to MANY jobs while everyone was hiring in 2020 until I got a high income job. I’d recommend starting with simple investing like a high interest savings account or a GIC
Wow this is truly inspiring! I just watched like 8 of your videos that caught my attention, subscribing rn. I myself have been blessed similarly as my parents have provided for me, at my 24 years old still live with them, took care of my college, now I work and have good income and quit social media in february. Also being mindful about my savings, investments, future and the why I am doing this. Seeing myself in a similar path as you and seeing such success is bringing me life. Thank you for sharing this!
Well you ever go over income minus expenses because that is usually the reason saving is even possible.... Yeah I always tell people I can show you my average yearly numbers and that will tell almost the entire story.... They don't need 7 minutes to know why either!!!
Hey Mia , really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth ! Pls let me know what do you think ?
Hello, I am Sambhu from India. I used to do RUclips and blogging, but unfortunately, I wasn't successful. I have 5-6 years of experience in RUclips because I started during COVID-19. However, I couldn't continue due to my studies, which is why I didn't achieve success. I am interested in business, analysis, problem-solving, planning, research, design, motivation, art, and reading books. I would like to work with you because I believe that by working together, I can improve my English skills. This will help me read English books without difficulty and gain more knowledge. You know how beneficial it is to work in a team compared to working alone .
@@ScrubsandSavings21 yeah it's not for everyone but it was more useful to me than college. I can get a better job with that experience than I could have if I finished my degree.
Incredible. So disciplined. You clearly work very hard (3 jobs!) and exercise self-control in order to put yourself ahead. Ignore me (and I apologize) if this is too personal, bu do you ever think about how your finances will look when you get married? I'll share my plan first. Personally, I'm a fan of a simple prenup: x,y,z accounts/assets/liabilities are mine 100%. a,b,c accounts/assets/liabilities are hers 100%. Shared assets/liabilities will go into accounts j,k,l and will be split 50/50. Fun (not fun at all) fact: unless you have a prenuptial agreement stipulating how to handle debt, not only are assets split 50/50 in a divorce, but so are liabilities. So you could pay all your bills on time and then get saddled with 25k of your ex's 50k in credit card debt after a divorce.
This is a great video on how to avoid unnecessary costs. However, the title promises info on how you get 40k. Even at zero costs, you need some sort of income to get to 40k. With a full time job it still takes years to save 40k, so how did you do it while studying?
That's a fair point! I've made about $12,000 to $15,000 per year during college and worked part-time during high school. I've basically saved most of the money I've made and received throughout my life.
Wonderful video & your advice is 100% true! I turned 21 this year & I have been able to reach almost $45k in total liquid assets, solely from working part-time at a restaurant since I was 16. I’m entering my senior year of college, still living with my parents, and working ~25 hours a week while earning a B.S. in biology & a B.S. in chemistry. Since I go to a smaller, local 4-year university, scholarships have allowed me to pay
Good for you!
well done girl! You're an inspiration!
Thank you!
amazing video! I also quit social media and its a great way to de-influence and not compare my life to others. Im also saving to have a comfortable future and i'm graduating CC today!
Congrats on graduating!!
Thats awesome keep up the good work. I had this money saved too when i was your age now im thirty life happened and i stopped paying my credit card off and ran through my savings quickly. I am now 20k in debt but working it down again. If i gad it to do over again i wouldve ripped the credit cards up the first sign of hard times and put my savings in cash under my mattress and acted like i didnt have any money to pay my debtors. Just something i wished i wouldve done figured id pass it on to younger people who may be facing hard times.
Thank you for sharing your story!
Awesome video! you're doing incredible for only being 20! i found your video really helpful for my own finances thank you!
Glad it was helpful!
It will only get easier from here and most likely your savings will only grow exponentially from here! Once you’re able to spend money to save money it just snowballs. (Like upgrading from a junky car to a more reliable car that won’t need expensive repairs constantly)
I had about 35k when I was your age, now I’m 22 and reaching 150k. If you play your cards right it will only grow exponentially from here.
I also live with my parents (contribute 500 each months and pay all my own bills except groceries).
Never went to college, worked minimum wage jobs since I was 14 and applied to MANY jobs while everyone was hiring in 2020 until I got a high income job.
I’d recommend starting with simple investing like a high interest savings account or a GIC
Congrats on all your success! 75% of what I’ve saved is in index funds. Thank you for your advice and support :)
@@ScrubsandSavings21 even better, you’re ahead of me when I was your age !
Money Guy show mentioned!!
I can’t wait to read Brian’s new book!!!
@@ScrubsandSavings21 I was excited to get mine the other day :)
This is so inspiring
Thank you❤️ I hope you learned something!
Wow this is truly inspiring! I just watched like 8 of your videos that caught my attention, subscribing rn. I myself have been blessed similarly as my parents have provided for me, at my 24 years old still live with them, took care of my college, now I work and have good income and quit social media in february. Also being mindful about my savings, investments, future and the why I am doing this. Seeing myself in a similar path as you and seeing such success is bringing me life. Thank you for sharing this!
Thanks for subbing!
I am now 21 well done your video and information is awesome keep it up 🎉
Thank you!
Thank you for sharing! I highly recommend YNAB and limiting spending on things you actually don’t really care about. 😊
That’s why I use it!
Great content !!
Thank you!
I’m 20 and I have 30,000 invested but I help my mom to paid rent 😔
30,000 USD? That’s great? How did you save so much at such a young age?
Well you ever go over income minus expenses because that is usually the reason saving is even possible.... Yeah I always tell people I can show you my average yearly numbers and that will tell almost the entire story.... They don't need 7 minutes to know why either!!!
Thanks for the tip! You can check out my monthly budget review videos to know the difference between my income and expenses :)
Hey Mia , really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth ! Pls let me know what do you think ?
Thanks for the offer! I would love to outsource editing and thumbnails but I can’t afford it right now. Maybe when I make big girl money :)
Hello, I am Sambhu from India. I used to do RUclips and blogging, but unfortunately, I wasn't successful. I have 5-6 years of experience in RUclips because I started during COVID-19. However, I couldn't continue due to my studies, which is why I didn't achieve success. I am interested in business, analysis, problem-solving, planning, research, design, motivation, art, and reading books.
I would like to work with you because I believe that by working together, I can improve my English skills. This will help me read English books without difficulty and gain more knowledge.
You know how beneficial it is to work in a team compared to working alone .
If you join the military you don't need to get student loans. Haven't used my GI Bill yet though.
That’s true! It was just not the route for me :)
@@ScrubsandSavings21 yeah it's not for everyone but it was more useful to me than college. I can get a better job with that experience than I could have if I finished my degree.
That’s great. I did the same but then it went to house down payment, wedding, honeymoon 😊
I’m glad that you didn’t have to go into debt for any of those things :)
Incredible. So disciplined.
You clearly work very hard (3 jobs!) and exercise self-control in order to put yourself ahead. Ignore me (and I apologize) if this is too personal, bu do you ever think about how your finances will look when you get married?
I'll share my plan first. Personally, I'm a fan of a simple prenup: x,y,z accounts/assets/liabilities are mine 100%. a,b,c accounts/assets/liabilities are hers 100%. Shared assets/liabilities will go into accounts j,k,l and will be split 50/50.
Fun (not fun at all) fact: unless you have a prenuptial agreement stipulating how to handle debt, not only are assets split 50/50 in a divorce, but so are liabilities. So you could pay all your bills on time and then get saddled with 25k of your ex's 50k in credit card debt after a divorce.
Hi! I plan on doing a prenup when I'm older, something similar to your plan :)
Awesome job! You are beautiful too!
Thank you!
Hi ❤ great advice! You saved a awesome amount! 😊 7:40
Thank you! Have a great day💞
Honestly great video and advice!
Glad it was helpful!