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Episode 1. When you are trying to get to your first 100 stacks, it is hard. The reason behind this is most of your money will have to come from savings. You won’t have enough money yet to begin to reap the heavy rewards that your investments will gain.
If you are in your early 20’s, and your salary is, well, less than you would like. Then you have to find other ways to make additional income so you can hit this milestone. Let me tell you, it is truly a pain. If you are in debt, it is an even bigger hurdle to climb.
But in the end, it is all worth it.
Money is a tool to create freedom and this is the first phase to create wealth.
In this episode we cover:
- The format of The Personal Finance Podcast
- Why you would want to save $100k
- How long does it take to save 100k
- How Andrew saved $100k before 25
- What Andrew Invested in to get to his first $100K
- How to increase your income to hit your goals
- How you can save your first $100k
Resources in this episode:
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