Published on Jul 28, 2017
PLEASE READ THIS: In this video I’m sharing the details of how I was able to save over $100,000 all without earning a six figure salary in a little over 3 years including starting a side hustle to increase my income.
I’m sharing my story and what I did with the hopes that some of what I did to save might be useful to you on your own journey.
I talk about the details of my salary, my raises, my side hustle (which I started to earn more money), how I cut down on my expenses, where I put the money e.g. retirement savings, cash savings etc in the video so please watch video in it’s entirety and if you’d like check out the actual blog post for more detail the link is below.
I did not have any student loans, because my mother worked SUPER hard to be able to send me to college debt free. This was a “gift” from my mother that I have never and will never taken for granted. She did not have to do that for me but she did (there are a million other things she could have done with her money including adding it to her retirement savings), and I intend to do the same for my own children in addition to taking care of my parents.
Now, as a financial educator, my goal is to share my own stories to help/motivate/encourage others while teaching financial wellness. My story is NOT for everyone and NOT everyone can relate to it, however, it’s important to think about YOUR OWN personal situation to determine what can you do differently and what can you sacrifice to accomplish your own personal money goals whatever those goals might be.
I will also add that my story is NOT unique and me saving this money is NOT an exception. Just listen to the Dave Ramsey show or other popular finance podcasts or browse other savings stories on YouTube.
It’s all about what you do with what you have. There are a ton of people I know who made twice as much as me during the same time and barely saved anything and if they had student loans or other debt did not pay much towards their debts. I made the choice to take advantage of the opportunity I had, while I had it.
Want to read money stories from other women? Stop by here –
Thanks for watching / listening!
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Comments • 480
DelphineWifeofPhilip Mum1 month ago
I wasn’t looking for a money saving … video but I loved this
The Fun and Budget Act
The Fun and Budget Act1 month ago
major kudos to you! I wish I would have taken my finances more seriously when I was younger…but alas, here I am today getting it together….lol
Dee F1 month ago
This is doable if you make consistent money and discipline yourself, mindset is 🔑
Gwendolyn de Ashborough
Gwendolyn de Ashborough1 month ago
We are so Proud of You and have subscribed, My employer offered 401K and I maxed out at 35% of my pay contribution. The problem with jobs in America, the market is “At Will” meaning there is always a HIGH TURNOVER in too many careers. I am speaking of University graduates who are not working in their chosen field. I love to save but disruptions in Career Path, Relationships, Single Motherhood and even relocating out of the country have caused havoc in reaching my full savings potential. Many people have student loans, Children, Divorce, Medical Expenses and more. You must have a car and Insurance in most major cities, No addictions Thank Good…. Not excuses but reasons too many people cannot reach their savings potential because they are dealing with their version of real life. I have the Credit Union and Stock brokerage accounts in which I save. It is better when one is on their own without the roller coaster of a partner who is not on the same page. We are Proud of You!
RAAWEL Letrice Ware
RAAWEL Letrice Ware1 month ago (edited)
1) she had her parents… this is huge 2) she was able to stay at home 3) she did Not do this on a 40,000 a yr job. 4) no children during her sacrifices – Great strategy 5) obviously a great job – 401K, raises, bonuses- not the average job But truly it was the way in which she was brought up Key she was/is very disciplined – more than likely her target market with business ventures were friend of family and middle class. Many variables not the norm but doable … just may take more than 3 years. Proud of her and hope more of us can have similar success
stayforevertrue1 month ago
Great job. I find that even with a 2 income its can be hard to save and lower expenses if both partiers are not thrifty. Because its so hard to tell another adult not to spend too much money on certain non important expenses when you both are working.
Shyne O’Shea1 month ago
You guys can’t fault her because she graduated without student loans, and was smart enough to stay with her parents while she saved up for a down payment. That’s what any financially literate person in her position would have done. I’m almost certain that those of you writing discouraging comments in regards to this video would have (or more than likely already have) spent your money irresponsibly, and now trying to figure out how the hell you’re going to save that much money while paying off debt that you’ve accumulated over the years. It may not be in three years, but it is definitely possible to save up $100k or more regardless of your circumstances. As she said in the video, it’s about your mindset and self-control. This is coming from a 22 year old business student who also works a full-time position, paying $40k (after taxes), is enrolled in a 401k plan, who lives at home with his parents and has very similar spending/saving habits as she does. But, the majority of individuals rather make excuses as to why it’s impossible for them to do the same. Therefore, it always will be. Food for thought.
DelphineWifeofPhilip Mum1 month ago
40k is a lot of money…. ask England hahahahha
Kinky Koily Kayla
Kinky Koily Kayla1 month ago (edited)
I wish I could have stayed with my parents for free. My dad didn’t want me to pay a dime but my mom wasn’t having it. I moved out bc if I’m paying bills there I might as well have my own place and I had/have a kid (single parent). This year I decided to start saving after getting a raise from work. So far I’m almost at $5k saved and I wish I would have not had student loan debt ($20k in debt 😢). If I would have stayed with my parents for free I probably would be almost done paying my student loans off. On my salary (about $37k/year before taxes now before I making $9k/year at a home health agency then started working where I work now I was making about $16k/year before my raise) I find it easy to save after I pay my bills I literally take half of what’s left in my checkings and put it in my savings account. That keeps me from buying unnecessary stuff. I’m hoping to have close to $5700 by the end of the year and to have $11k by the end of 2018. I do have a 401k but I’m not maxing out right now bc of bills but I told myself to just start somewhere bc any type of savings is better than none
KODoch481 month ago
Congrats! You discovered confidence in yourself is 90%! I rose to the top of my (legal) profession with a high school diploma, to my own business based on practical experience and “professionalism” (presentation based on proven experience and how I presented myself!). The “gate is narrow and few will find it!” Unfortunately, the definition of this Bible quote is limited by the particular “preacher” people rely on! Know the scriptures by studying them yourself and applying them to your OWN life! Great video and advice!
SuperPhdiva1 month ago
Congrats. I hope you realize how rare that is. I’ll be lucky to save enough to buy food.
Mamma T1 month ago
thanks for the knowledge and sharing it.
KC Johnston1 month ago
I saved 10k a year every year in high school making minimum wage. If you put your mind to it, any goal is achivable
Marquis Patterson1 month ago (edited)
She has an excellent mindset. This woman is amazing.
valueoftruthdotorg4 months ago
See you at the top!
Silver Sun Fairy
Silver Sun Fairy1 month ago
For those commenting negatively – “she stayed with her parents for a little while, she doesn’t have debts or kids, she got a bonus, etc.,” yes that helps but that doesn’t mean anything. The reason is that I know plenty of people who have no children, very little debt, they live at home with their parents or with a bunch of roommates to cut living costs, and they spend everything they make. These people are all ages. Also, one of the things most YouTubers are famous for are “hauls.” I don’t care if it’s a thrift store haul, a retail haul – it all means the same thing. Power-shop, overshop, show off, don’t save or save very little. That’s the culture we live in. I also know people who make six figures but have anemic savings and high debt because they take expensive vacations several times a year, eat out several times a week, overshop on holidays and run up credit card debt or have outrageous loans taken out against their house or car. Also, for those who think you can’t save with kids, key in “The Economides” they have five kids and they have no debt and plenty in savings. There’s no excuse.
Gwendolyn de Ashborough
Gwendolyn de Ashborough1 month ago
WOW, Thank You so Much!
Natural Vegan Mama
Natural Vegan Mama1 week ago
Thank you for sharing! Keep up this important work! I enjoyed listening and learning 💚
Samantha Taylor1 month ago
Guys, all she is saying is that she worked a plan. Low expenses and Worked extra job and Saved it all. She got her hustled one. Nothing Magical. Good Video: Has heart.
Raquel Johnson1 month ago
You also did not have kids….that’s good though