The Personal Finance Podcast

← The Personal Finance Podcast31 ago · 51 min

How to Save $100,000 on a Low Salary

How to Save $100,000 on a Low Salary31 ago51 min

Saving six figures on a low salary sounds impossible until someone shows you the timeline. Let Andrew walks you through every one of them in order. 

👉 Want personalized help from Andrew? Join Master Money Academy at https://www.skool.com/mastermoneyacademy/about 

👉 Join Andrew’s FREE Investing for Beginner’s Masterclass: https://event.webinarjam.com/q05p7/register/0o8z9io?webinar_id=21 

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What You'll Learn in This Episode

Why the first $100,000 is the hardest, and what actually does the heavy lifting to get you there

The 1-3-6 method for building your financial foundation in stages instead of all at once

What counts toward your savings rate and what does not

How to climb from 5% to 20% invested without a giant income jump

The three expense categories that eat most low-income budgets, and how to attack them

Every lever for raising your income, from certifications to overtime to job hopping

How long $250, $500, $1,000, and $1,500 a month each take to reach six figures