How Long It Took Me To Save $100,000
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- Опубликовано: 9 авг 2021
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The first $100K is an incredible milestone in everyone's personal finance journey. Often, I get the question "how long does it take to save your first $100,000?" While everyone will have a different answer to this question, in this video, I share my story and experiences towards saving my first $100,000.
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"Having money is not about buying things; its about having choices and options.." - powerful; this hits different. Amazing video!
Ironic given that within the first two seconds we can see Prada and Tom Ford shit 🤣
@@swopify This vid is about discovery fam. Sometimes you have to see for yourself that the shiny items people reach for may not bring you the equivocal joy as the next person. Having the items doesnt diminish the value of the virtue at hand.
@@swopify people like you never get there bro lol
I'm a little above half way there at 26 years old. I am behind a lot of people and ahead of a lot of people. But I pray that I can reach that 100 by 30.
That sounds great, I’m 32 and hardly have any savings, still living at home in a mortgage free house yet help pay for a 2nd mortgage. So you’re doing very well at your age. Wish I knew all this when I started full time work at 19. You should be proud of what you’ve achieved😊
I’m turning 26 in 3 months and I’m only at 21K lol 😂 also hoping to extremely save $100k by 30
You will!!!
Everything in the video resonates deeply within me. Thank you Katie for taking the time to compile and share this with everyone🙌💖
I am loving these videos. It's prepping me to be more motivated to get to where I want to be.
Great job! Thanks for sharing your story!
Thank you for sharing your story. It does help! 👏👏
Hey Katie, I enjoyed the video! I'm about to document my journey of saving my first $100,000. Thanks for the motivation.
That is awesome you hit 100k just short of turning 26. You need to be proud of that!
Your video is amazing. I love the creativity, the gems, and most of all your honesty. I can relate to many of the struggles you mentioned. Nice video 📸
Definitely!! Keep it up.
Thank you so much! So glad I stumbled across your channel. It’s so inspiring to see your story. It really resonates with me. I’ve recently been wanting to save up enough to have options beyond a 9-5 so I appreciate your content! Also even more relevant to hear from a Canadian too :)
this is exactly what im doing right now!! thank you!
Thank you for helping to keep things in context and in perspective. =)
Inspiring! Thank you fearless lady- I liked and subscribed 🎉🎉🎉🎉🎉🎉
I read some of the finance books you laid out in the middle of the video and I highly recommend people read those. I came across this video because I recently created a RUclips channel and made a video on this topic a couple of weeks ago. I know what it's like to have to work for this achievement and it was worth it 100%. I just clicked the like button and subscribed. Good luck with your channel!
Great video Katie
Excellent Video!
>This is a very interesting and informative video.
Are you someone who reads as much as possible about potential investments and asks questions about them? If so, maybe you don't need investment advice. However, if you are busy with work, children, or other responsibilities, or if you feel that you are not knowledgeable enough to invest on your own, seek professional investment advice.
>Investment professionals offer a variety of services at varying prices. You can get investment advice from most financial institutions that sell investments, including brokerage firms, banks, mutual funds and insurance companies. You can also hire a broker, investment advisor, accountant, financial planner or other professional to help you make investment decisions.
Planning for financial freedom, is a marathon and not a race, as the saying goes. Breaking your financial independence goals into bite-size pieces can help you stay on track while making the process a little more manageable and hopefully a little less stressful. Even if you are starting small, the important thing is to start.
The investment creates a safe haven for the future. Everyone needs it so you don't go bankrupt when you stop working
Speaking of financial freedom, I've been thinking about it a lot and the best option is to invest more because I don't think you can get very far depending on a single source of income.
Investing can be intimidating for many people because there are so many options and it can be difficult to determine which investments are the right ones. I would like a recommendation if you have any?
Some financial planners and investment advisors offer a comprehensive financial plan that evaluates all aspects of your financial life and develops a detailed strategy to achieve your financial goals.
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Hi disco .. great story,, it took me about 4 years
thanks for sharing
Great video and great job👏 Can you create a video recommending the financial books you read? Thank you !!
Thank you for the suggestion! The books video is in the works!
I wish I had been this financially literate that early. I took the dumb route and developed bad credit card habits. Very glad to have found this channel for some inspiration to get back at the real goal.
'The richest man in Babylon' that book helped me the most!
Great video btw! keep it up!
When you said “this guy” (Arnault) I totally related lolll he’s good at taking your money
Thank you
Very smart young lady! Graduating college with no debt is HUGE! When i graduated (way back when...), college did not cost nearly as much as it does today. I had student loan debt, but it seemed reasonable, but today the amounts are astonishing. Living with the parents and being able to save so much each months is also awesome. Thanks for sharing your story! 👍😊
Great 👍 video
Your a smart 🤓 cookie
Haha"i did what any sane teenager would do " . Same girl, same. Experience of going to Paris for 11 days i dont regret but spending the leftover 3000€ of what i had I do regret of not investing 4years ago. Good one!Love your channel! Its digestable and easy to watch. I feel like im being entertained and at the same time sneakily teached and motivated. Thank you! Can you do a video in the future of Risks on investing and getting over them (i for one dont often invest becausr i dont want to lose the money altogether) and i think many others fo too.
Funny how similar we think about money. Probably why RUclips recommended your videos to me. I also recently quit my W2 job after my investments hit my goal. I got there through Real Estate. I quit my job for two months before starting a new business. Having time and options is really the new way to flex. Not the fancy cars or the big houses.
Love your vlog! I just subscribed to your channel.
Hi Katie, would you please do a video about how your portfolio is allocated and what services you use? I'm looking at Wealthsimple and Questrade. Any thoughts on those? Thanks!
Thank you for sharing Katie! New subscriber here. How much of your first $100K was in retirement funds (ie. untouchable?)
Vegas baby
All 3 of the things can be summed up in this cut expense and redirect to assets
Hey! love the video. Do you have an update on how your tech investments did this past year and where you are with your savings?
Money is worthless when you don't invest it, I trust my trader Ellis Gregory Carson Fx. I'm not bordered when he trade my coins.
I think am blessed if not I wouldn't have met someone who is as spectacular as Ellis Gregory
@Juliette Owen You don't need to be shoc_ked , ca'use am also a hu'ge bene_ficiary of Ellis Gregory. he helped me reco'ver what I lo'st tryi_ng to tra'de for myself
@@federicomartin2917
Wo'w so nic'e, seeing people ta'lk about Ellis Gregory I ju'st ma'de my fi'rst with-drawal, tradi_ng with him.
All thanks to my aunty who intro-duced him to me.
@@carlosluna5377 Who's this profe-ssional eve'ryone's tal-king about, I always see his name at top comments on every You'Tube video I watched
I thi'nk for people to talk this go'od about him, he must be a pro, Ple'ase how Can I get in tou'ch with him
Well I just bacame an adult and I'm financially insecure, so I can relate the same as your year of 2014. Your story gives us motivation. Thanks for sharing
More young people should be living with their parents to save and invest early.
I agree. Don't understand why ao many people want to live on their own as and blow up all their money on rent. They're just paying someone else's mortgage off.
i am enjoying your videos, but your voice really needs a better quality microphone or audio mixing etc. with a decent mic, your voice would sound full and rich. the music and videos are good.
How'd she do it??!!! She lived at her parents house and saved all her money 👏 congrats
Aye :(. Given the environment these days it is not that much of a shock, I do sympathise.
But give the parents appropriate kudos for not only raising you through your life and past university age but for, essentially, gifting you with a couple of thousand a month.
And then we need to work out if we can get the wheels back on the economy of the West so that young people have the option to do like we did when I was in my teens - get a job and leave the parental home. It wasn't easy and I suspect the conditions most of us lived in would not be acceptable today but that true experience of standing on your own feet early on in live (rather than in your 30's :D) does have an impact on your personality and drive.
❤
👏👏
For people who don't live with their parents and have had their college paid for ... Live in your car, work two jobs and in two years you can almost do the same thing.
👌
the first 100,000 was easy for me then I got burned out from going so hard no I am back on trying to save hard
Did you have to pay rent between 2017 to 2019?
Took me many years to get to $100K invested. Unfortunately it's not enough and not much time for it to grow.
How come
It took me 53 years
@ $34,5. Feels like an eternity away 😢
I had almost 30k saved then an illness hit me and gone. Just like that. I’ll take health over money any day…
Shoot..If I can start woth learning to save 50 to 100 thy could be a start for me
Having parents… wish I had that
Saving half of my money is my goal
Selling low was a terrible idea. You should have held the index fund. Nobody knows what’s going to happen to the market. What happens if the tech companies are heavily indebted to expand and inflation hits and interest rates rise considerably? Those tech stocks could take a big hit, then what? Will you sell those at a low price too? Not saying that you shouldn’t have gone into tech stocks, just saying you shouldn’t have sold the S&P when it dropped to do it.
FACTS#
@@ballergame1017As dqdd a q
The first 150k goes to the down payment, then you have to start again from square one.
new subby 🙂
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?!!!....
Hi, how did you invest? Through a Roth IRA, or something else ?
What is your current net worth now
You bought a S&P index fund, short-term, very young, and sold it at the worst possible time? Wow. This is what you should not do.
What are your monthly expenses like? I'm 25 and I often wonder if I should just quit my 9 to 5 and start a business which can grow into something massive since I do have a couple hundred k saved up. I just worry about the risk and I don't like the idea of running out of savings in 5 years and having nothing but a failed business to show for it when I could have instead been growing my portfolio the whole time due to a high paying job.
learn to put your cash to work i had the same amount and learned to use cash to sell puts on stocks i liked then used that money to build my business/invest and not touch the principal. I made on average 2k a week pretax and kept my expenses under $1500 a month
No no no don’t start a business work 2 jobs lower your expenses stop going out and having fun go ghost and you’ll have it in 2.5 years 75-100 k
@@WeAllWeGot333 yep
Try doing both. Your 9-5 and your business. If things start going well for your business you can quit your 9-5 to focus on the business.
Financial Freedom
Very interesting ……bottom line is , if I was still living with my parents And with the right mindset, I would have saved surely over 100k . Problem is I am 45 and started seriously thinking and a acting for saving now….it just makes me feel even more stupid about the past and motivated about the future
Hey, at least you've finally woken up. That's the most important step imo.
You have 65+ year olds who have no retirement and only living off social security. Its never too late. I often beat myself up too because of the ignorance in my younger years but no day is better than today
@@joy2come119 Some of the older people never made enough to have money left over when old. Some people never make more than they spend. Also some of the people online don't look back at their conditions to see if the even could have had money over time because with cash in my experience it takes making more than one spends to have money left over and that also means in the future I can't be under nor unemployed.
Do you count investments as savings too? Or just savings strictly in bank account?
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?!!!....
No, you’d separate your “savings” from investments. Reason being is that you want to keep your savings liquid in the event that you need to immediately access it (living expenses, emergencies, car problems, etc.)
I count investments
What stocks did you purchased? Did you do it on your own or you have your stock broker or trader? What app did you used to invest? Have you withdrawn your profit?
@Yissa KB I purchased Tesla and my broker is TD. I’m still invested to this day
@@AlexandriaRUclips You mean you purchase the s and p 500 to achieve your 100k goal.Not tesla.
Wow.. almost the same story here... But saving in cryptos and just didn't sell yet.. never sell.. 😂
its funny im at almost 300k and I was just thinking now I just need 500k ... lol
Did you ever figure out what you wanted to do?
4 years
I read below comments about investing in Bitcoin; I will remind all of you that investment in Bitcoin is not good idea for you, someone loss lots of money too. Be careful with what you buy in the market.
Starting my journey to save 100k
Saving 1050 per month for 6 years.
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?!!!....
2 years for me
Crazy Self Made Rich Asian lol
You are 26 and you have 150 Grand to your name and debt free ... good for you! 👍
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I visited your etsy store ... And I was like whoa 😳 where’d you get access to all these precious gemstones from lol then I read the bio! Again, Crazy Rich Asian 😉
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EDIT: Make money - Cut Expenses - Save Money - Invest
You make it sound so easy 😃 I am looking for a Remote Job right now as a Graphic Designer FYI [portfolio on request]... I might as well drop that in here 🤷♀️
its easy to save that much if you don't have to pay rent
So basically, the way to build wealth is (1) having good parents, which means no student debt and no rent, and (2) good luck, which is just buying tech stocks out there and waiting for a once-in-a-life chance to double it during covid-19.
Took me two years to save 100,000 but banks pay shit nowadays so I invested all the money. Took me 10 years to make 2 million in the stock market
How you did you do it?
Saving no! Keeping it is harder, my ex-wife took the 1st, 2nd, 3rd, 4th and 5th in divorce, my two kids college funds took the 6th and 7th I got the dog! Well, it was my dog.
I wish i can live with my parents but they have gambling issue and verbally abuse me for not giving them money. In my eyes you didn't hit 100k. I think you hit the jackpot. Thank you for motivating us.
Both my parents are dead and I’m not even 30. No way I could stay with my parents lol must be nice.
Hope to save 100k in 5 years
Usd or cad ?
You're missing the point.
@@1966johnnywayne hows that missing the point? there's a big difference between 100k usd and cad. The video was great and informative, I was merely curious about the currency.
duck goose check 3:00 maybe there’s hint there
my first 100k took 4.5 years
Sorry for writing you, just out of curiosity your page come up on my suggested friend lists so I was just wondering if I knew you from somewhere?!!!....
@@jessicawiley5797 you say that to everyone. And no I'm not buying crypto from you
So living with your parents for free rent is the answer. Got it.
It took me one year to save 100,000 USD, starting with just 20,000 USD. :)
Real Ackerman?
AoT?
Sə woe prikazanoto ə lazno nə nasednyvate oti lazat kradat dodavate I nə pravilno ijavyvav tomie presmetano vo riski broevi iako nesym wkolovan matematihkiot mie poznato
I used to feel overwhelmed when my portfolio would drop a few dollars. Now that I've learned how the market works, I see bear markets as a giant opportunity to build generational wealth for me and my family. In just 5 months my portfolio have accrued gains of over $300k
ello. I’m keen on getting started but have close to zero knowledge on how it works. How are you able to do it?
Working with an FA will help put you through on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your fin goal
How can one find a verifiable fin Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.
DOROTHY DONNA TAGLIENTE is a good one. been enjoying a good working relationship with her. you can look her up online
Bottom line is you were living rent free
You dont SAVE 100k.... you must INVEST every possible penny to get there.
Thanks for admitting that a portion of your savings is from living with your parents. I do not have that luxury, but I have been able to work extra hours at my work to save an extra $2000 a month. It's a ton of extra work and I still get jealous sometimes of people that can just live with their parents, but in the end, we ALL have to make sacrifices to save money.
100k means 84 lakhs approx, let it be 1cr for India, BC utna paisa grow karne k liye , utne ka naukri bhi hona chahiye, varna 10 lakh ka double 20 lakh kar k bhi kya fayda. Saalo lagenege karne mein ye toh, aur jab hoga bhi tab 1cr ki value bhi kam ho jayegi, corporate rat race mein fase hi reh jayenge. Paida hi nhi hona chahiye tha.
First
Thank you