How To Save Your First £100K | How Much You Need To Save Per Month | Road to £100K

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  • Опубликовано: 2 авг 2024
  • Ever wondered how you can save £100,000? Well, I tell you how you can do that in this video. I talk about what it could look like if you SAVE your way to £100k versus INVEST your way to £100K
    Time Stamps:
    0:00 - Intro
    1:19 - Saving to £100K
    7:24 - Investing to £100K
    If you enjoyed the video, don't forget to subscribe and hit the bell notification so you will be notified when I upload a new video.
    ///WHAT TO WATCH NEXT
    Let's BUDGET Together Full Playlist: • All Things BUDGETING
    For those looking for me videos on FINANCIAL INDEPENDENCE: / playlistlist=plprvgboj... My MULTIPLE INCOME streams: • All Things SIDE HUSTLES
    Lots and lots of PERSONAL FINANCE TIPS: • All Things SAVINGS
    Life is more than just money, let's talk about some TRENDING TOPICS: • All Things RANDOM
    Get to know a bit ABOUT ME & THIS CHANNEL: / playlistlist=plprvgboj...
    INVESTMENT apps and portfolio reviews: • Playlist
    For the BEGINNER INVESTOR: • Playlist
    Time to get real & talk about PENSIONS & RETIREMENT: / playlistlist=plprvgboj... Love a success story? Check out these EARLY RETIREMENT success stories: / playlistlist=plprvgboj... All of my VANGUARD PORTFOLIO updates: • All Things INVESTING
    How to open a VANGUARD ACCOUNT step-by-step: • Playlist For those who like a bit of CRYPTOCURRENCY: • Playlist Let's go FOOD SHOPPING on a £50 budget (Full Playlist): • All Things GROCERIES
    ///WANT TO GET STARTED INVESTING AND WANT SOME FREE SHARES TO START?
    Freetrade: FREE SHARE Referral Link: freetrade.app.link/28D24pUoTb...
    Orca App: FREE SHARE Referral Link: orca.app/rBNZBD
    Coinbase: If you use the following referral link and buy £75 worth of crypto, you and I both receive £7 worth of free Bitcoin: coinbase.com/join/latibe_h
    Trading212: FREE SHARE Referral Link: www.trading212.com/invite/Gc7...
    ///YOU CAN ALSO FIND ME HERE
    My website: www.financedee.com
    Instagram: Finance_Dee
    Twitter: Finance Dee
    ///MY CHANNEL
    It's great to have you here! This channel is all about sharing my journey to financial peace and freedom, and I share all the things I am doing, not doing, and everything I am learning and unlearning on the way.
    I share my journey to hopefully inspire others, start discussions, and selfishly so I can look back years later to see where it all started for me :)
    ///DISCLAIMER
    I am NOT a financial advisor and everything on my channel is PURELY based on my experiences, personal research, and what I personally decide to do with my money.
    Always make sure to do your own research - it's always good to know a bit more than what it said on a RUclips video :)
    Links included in this description might be affiliate links. If you use the links, there is no additional charge to you, I just get a little something for sending you their way :)
    #first100k #howtosave100k #100ksavings

Комментарии • 41

  • @Indowaindowa
    @Indowaindowa 2 года назад +4

    The power of compounding (8th Wonder of our World). Its amazing when you deep it. I am so grateful to be privy to such knowledge and thank you for spreading it to us all

    • @FinanceDee
      @FinanceDee  2 года назад +1

      My absolute pleasure 😊 I feel exactly the same as you, so grateful I have this knowledge. It’s really changed my life!

  • @KLARISSEREGINA
    @KLARISSEREGINA 2 года назад

    Great video!

  • @saras4472
    @saras4472 2 года назад

    Very inspiring indeed, thank you!

    • @FinanceDee
      @FinanceDee  2 года назад

      Glad you found it inspiring 😊

  • @kmg3566
    @kmg3566 2 года назад +4

    Fab video! Definitely food for thought and not as scary as you would think once you see the figures. Thank you!x

    • @FinanceDee
      @FinanceDee  2 года назад

      Thank you!! Absolutely, when you see the breakdown you actually see it’s not so scary ☺️

  • @akshay8195
    @akshay8195 2 года назад +3

    Hey, glad I bumped into this video.
    I started on my £100k journey back in March 2017 when I first started working after graduating and I reached my goal in July 2021 :))))
    Paid of my student loan and now I am financially in a good position. Living with parents help but also being mentally strong is key.

    • @FinanceDee
      @FinanceDee  2 года назад +1

      That’s AMAZING!! Well done to you. Shows it can be done 👏🏾

    • @smann7236
      @smann7236 Год назад

      What's your job?

  • @Chan-dc3zj
    @Chan-dc3zj 2 года назад +2

    Great video - it’s definitely given me a push to look at increasing my investment amounts - thanks for posting! 😀👍🏽

  • @victoriam.6430
    @victoriam.6430 2 года назад

    Interesting video! Thanks!

    • @FinanceDee
      @FinanceDee  2 года назад

      Glad you enjoyed it 😊

  • @AbleMabel
    @AbleMabel 2 года назад +1

    Thank you for this reminder. This calculator was part of what informed my current investment plan.

    • @FinanceDee
      @FinanceDee  2 года назад

      Same here. Such a fab little free tool which can help you strategise 😊

  • @pandabossanna
    @pandabossanna 2 года назад +3

    The scary thing is that it's almost impossible to find 1.5% savings accounts! I'd love to know which accounts you're referring to, the best I found is 0.6% (Marcus). The others have strings attached which I personally don't like! (mostly max amounts to save!). Brilliant video, really illustrates the power of investing :)

    • @FinanceDee
      @FinanceDee  2 года назад +1

      Yes it’s crazy! I’m referring to fixed-term savings accounts which have slightly better rates, but still nothing to write home about. Instant access ones are all under 1% right now.
      Thanks for watching Anna 😊

  • @gerrimiller3491
    @gerrimiller3491 2 года назад

    Hi beautiful Queen, you are such a blessing 🌺thank you!

    • @FinanceDee
      @FinanceDee  2 года назад

      That’s so sweet. Thank you so much ♥️

  • @YasinNabi
    @YasinNabi Год назад

    making money depends on creating value, if you cannot offer something valuable, then you cannot make any money.. a fellow creator

  • @elaibesummers906
    @elaibesummers906 2 года назад

    I wish I started saving earlier and also saving in the stock market. You have given me motivation to save even more money in 2022. I intend to up my savings goal to at least £500 a month savings. Great video.

    • @FinanceDee
      @FinanceDee  2 года назад +1

      AMAZING!!! I believe in you to reach that goal 💪🏾

  • @saairabibi8977
    @saairabibi8977 2 года назад

    Hi great video! What compound calculator are you using plz??

    • @FinanceDee
      @FinanceDee  2 года назад

      www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

  • @stuartnicklin4101
    @stuartnicklin4101 2 года назад

    Great video thanks ..

    • @stuartnicklin4101
      @stuartnicklin4101 2 года назад

      What apps can you recommend for the world of finance thankyou.

    • @FinanceDee
      @FinanceDee  2 года назад

      Hey! Not too sure what types of apps you mean? I use investing apps and that’s about it. I use a budget spreadsheet to track my finances and I read books/articles and listen to podcasts and RUclips videos on personal finance.

    • @stuartnicklin4101
      @stuartnicklin4101 2 года назад

      @@FinanceDee which investing apps please..thanks

    • @FinanceDee
      @FinanceDee  2 года назад +1

      I use Freetrade, Trading212 and Orca for my general investment accounts. Got quite a few videos on these: ruclips.net/p/PLPrvgbojlxLD81ORDpITgAJW7AcjMbLZw
      My ISA is with Vanguard.

    • @stuartnicklin4101
      @stuartnicklin4101 2 года назад

      @@FinanceDee thankyou..👍 i will check these out

  • @wills.364
    @wills.364 2 года назад +1

    It’s always the first 100k that is the hardest! After that, it gets easier.

    • @FinanceDee
      @FinanceDee  2 года назад

      Yes so I’ve heard!! Not there yet but working my way there 😊

  • @thiyagarajahganesharaju2840
    @thiyagarajahganesharaju2840 2 года назад

    Greater video I am with fidelity I am investing £100 a week

    • @FinanceDee
      @FinanceDee  2 года назад

      Awesome!! Well done 👏🏾

    • @smann7236
      @smann7236 Год назад

      Which funds? Index?

  • @stevecaplan7029
    @stevecaplan7029 2 года назад

    £100 in fundsmith isa on past 11 year performance would hit £100k tax free in 16 years
    If you max your isa £1667pm you could do it in less than 4 years

    • @FinanceDee
      @FinanceDee  2 года назад

      Yes absolutely! Many people won’t be able to save that amount though, but even if you can save a smaller amount, it can be achieved 😊

    • @KLARISSEREGINA
      @KLARISSEREGINA 2 года назад

      Hi Steve, I was wondering if we could discuss this further I am new to investing😄

    • @stevecaplan7029
      @stevecaplan7029 2 года назад

      @@KLARISSEREGINA hi I replied not sure if it’s posted or been received ok

  • @montanamax4153
    @montanamax4153 2 года назад

    Damn she fine 😍