16 Tips to Save $100,000 by the Time You're 30

How can you save $100,000 by the time you turn 30? Hmm…Be a genius and get a super well-paid job? Find some rich relatives to financially support you? Win the lottery? Good luck with that. Or maybe first try these tips that work nearly 100% of the time.
Unless you have a good financial base, consider using public transit or riding a bike. Some big-wig leaders do it! Get acquainted with your inner chef, and get to know your stove a little better. And, guys, forget the phrase “Because I can afford it!“ Someone who makes less money but is wiser about it has better chances of saving $100,000 than someone who can't stop shopping to impress.
Other videos you might like:
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10 Driving Hacks That'll Make You Spend Less On Gas &
TIMESTAMPS:
Make saving automatic 0:24
Ignore the latest trends 1:00
Cancel club memberships you don’t use 1:30
Buy video games you can play over and over 2:03
Forget the phrase “Because I can afford it!” 2:36
Adjust the thermostat 3:13
Unplug what you’re not using 3:39
Switch to LED bulbs 3:59
Pick the right-sized cookware 4:31
Save water 5:00
Use the dishwasher 5:37
Master the art of cooking 6:10
Don't buy an expensive car 6:40
Invest in real estate 7:13
Try something new 7:45
Live with your parents 8:19
#savingmoney #everydaylife #brightside
SUMMARY:
- Set up automatic transfers into your savings account. If you save 5 - 10% of your income this way, which doesn’t sound like a lot, you’ll be surprised to see how much it’ll turn into after a few years.
- There’s really no need to go out and buy a bunch of new clothes just because a certain shade of blue is “in” this season.
- If you’re not using all those things you signed up for months ago, then just cancel them!
- Grab a blanket or open a window before you depend so heavily on the heater or AC to keep you comfy.
- It's a good idea to keep all electrical appliances unplugged when you’re not using them.
- LED bulbs cost more than old-school incandescent ones, but the benefits outweigh the initial price hike.
- You'll be surprised to know that up to 50% of the electricity is wasted when you choose the wrong size pots and pans.
- A person can waste 5 to 8 gallons of water while brushing their teeth or shaving. The solution: turn the faucet or shower off if you’re not using the water at that moment!
- Believe it or not, a huge powerful dishwasher actually uses less water than a person who hand-washes the dishes.
- In fact, if you’re eating “cheap” at fast food restaurants and not fancy sit-in places, you’re still spending way more than you would if you just cook at home.
- Buying a car is one thing and paying for its maintenance is another. Unless you have a good financial base, consider using public transit or riding a bike.
- Unless you have to take out a mortgage, any real estate pays itself off pretty quickly, whether you live in it or rent it out to someone else.
- Don't be afraid to try something new while you're still young – like a new job, for example. There’s a chance that you’ll discover a talent for something that’ll bring you much more money and fun than your old job.
- While this used to be a running joke about people who were too unsuccessful to make it on their own, more and more young adults are happy to live with their parents these days!
Music by Epidemic Sound
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