In this video, I’m going to tell you exactly how I managed to saved 10k in 6 months, while still being in college and having 4 jobs.
1. Income breakdown
– At the time I had 4 sources of income that equaled a little over $2000 bucks.
Jobs:
Work-Study at my College: $1000
Working at Gap: $$700
Flipping Cellphones: $300
Daily Vlogging: $4
For a total Monthly Income of around $2000 bucks on the low end.
2. My budget strategy
– at the time, all I did was mostly save the bulk of the money
– I didn’t really have a system
Today My system Looks like this:
– Emergencies: 10% ( until 6 months worth of expenses )
– Investments: 10%
– Debt: 20% ( until Debt Free )
– Expenses 50%
– Fun: 5%
– Charity: 5%
Meaning: every time I get a paycheck it got broken down like this on average, however today i have multiple sources of income, and also have a fully-funded emergency account and little to no debt.
3. Why a Why is so important
– after I saved all the money since I didn’t have a reason for it
– I ended up spending almost the bulk of it.
Make sure to have a Powerful why the more specific the easier to focus on it.
4. What I learned.
– Savings money is simple
– But to be successful you need a system to help your money grow.
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
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