HOW I PLAN TO SAVE $10,000 in 2023 ON A LOW INCOME | EASIEST WAY TO SAVE MONEY!

Month #2 update: https://youtu.be/381IhXRmjmg

I had a $10,0000 goal on 2022 but only saved $7,000 still very proud of myself

With savvy investing, an inexpensive lifestyle, and diligent budgeting, this is not difficult to do. I'm glad I realized early on that achieving financial freedom requires hard work.

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

$10,000 sounds like a lot, but when you break it down to the most basic level, it's only $27.40 per day. Even when we were on food stamps, we could afford that. The key is to get out of debt first. We had to give up a lot. We had no subscriptions, bought no alcohol, didn't go through a McDonald's or buy clothes or makeup or anything that wasn't an absolute necessity for survival for 20 months. We lived off of rice, potatoes, chicken, eggs, and cheap vegetables and bananas. It was rough, but it was such a short chapter in our lives.

I started my $10K emergency fund in January and I was able to save $7,500 by the end of 2022. It wasn't a perfect journey, but here's what helped me: - automate my savings (10% goes to my account every paycheck) - put it in a high-yield savings account: I was able to accrue ~$80 because of the interest rate this year) - throw in additional income that comes my way - if I have leftovers in my checking account after I budget, I throw it in my EF - pause my contribution to my HSA and Roth IRA temporarily so I can focus on EF For context, I make 68K a year but live in a metropolitan city in the US, so my cost of living is high. I'm proud of what I'm able to save though!

I'm a janitor in southern cali where its expensive to live. I live on my own. I make 62k-66k depending on the overtime I work for that year. I'm able to save about 16k in savings and investments. So it is possible. Just my savings reads 73k I plan to save 15k this year. You just have to budget and every lil bit adds up.

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

A lot of times the low income issue isn’t the problem, it’s just all the bills 🙃 I’m overworked but I’m going to get into cash stuffing and just go forth with a positive attitude

Though everyone loves the luxury lifestyle but many don't want to take the risk to invest or work for it.. Now's the best time to buy the dip and it's an opportunity that will grant you all the luxury you crave for.Very interesting content, i would also be glad if anyone here can explain a few things for me, this is 2023 and I believe it's my time to invest and shine for a better future.

Thanks for an inspiring video! I have started my planning for 2023 and realised I need to focus on earning more not just spending less!!

I recently got into the youtube financial niche, and I’ve taken a deep dive into investing, particularly in stocks, and ETFs as they interest me. Tried several methods trying to figure out the best approach to building my portfolio. So far, I’m making progress with the help of an astute fiduciary. I’ve been able to compound over $78k in profits from my trades. Back to the video, wonderful job there, always look forward to your next content.

Yes! It is absolutely possible. With a solid budget, intentionality, determination and faith…be prepared to be blown away. ♥️

I love how you break it down and not make it just one big number. I started making my 2023 savings plan last night and this will help a TON!!!

I just started exotic dancing ( I know it's not the ideal occupation but I'm a single mother and don't plan on dancing long ) Anyways I plan on saving $330 everyday a month that's $9,900 a month. I plan on doing that for the whole 2023. After that I will be getting a regular job. Thanks u motivated me.

I want to say thank you for sharing this. Not gonna lie my initial reaction was "but I only get paid once a month and I am low income!" But seeing you break it down and how you figure out the second bucket really has my mind going. I'm new to the savings game and tired of living paycheck to paycheck fearing emergencies. This is extremely helpful and I watched your video where you break down your income so I know I can do it. 😁

If you're new to the world of wealth-building, partnering with a financial advisor is an excellent way to begin your journey. I was able to accumulate substantial gains by working with an FA[financial advisor]. They assist in managing your overall investment risk profile, preventing permanent capital loss, and ensuring that your investments are broadly diversified, taking into account your personal risk tolerance, time horizon, and financial goals.

I love how you mentioned you had just over 2k subs and now you are almost at 4K in 2 days! This video will surely help you reach your saving goals and grow your channel 🙌🏻

Love how the focus was generating more income to save rather than limiting the things you do.

I’m back to being humbled after losing $70k of my life savings in the stock market. Now I’m starting over and have currently saved 3k in over a month