@@trishacarlson4122 Nice!! I bought an expensive mattress years ago and it was a great investment in my sleep & health!! Have you tried separating your savings between what you plan to use vs what you won't touch (for emergencies)??
10k for medical, 7.5k emergency fund (bringing up to 10k). 1k for car repairs. Also lots of sinking funds. Every time something happens that impacts my emergency fund, I fill up the EF again and create a new sinking fund to cover whatever it was.
I completed my first 10,000 challenge in May of 2021. I am working on my fourth challenge hope to have 40,000 by the end of this year (2025). Thanks for sharing
it really depends which country u are working in. 10k in savings is pretty small and insignificant here in Singapore. me and wife save/invest $8k from our salaries every month. So every 2 months, its already 16k. So $10k in Singapore is insignificant. $100k is the magic number for most here in Singapore
@@romannavarro1178if you’re not one of those scammers who is going to talk about your WhatsApp advisor Helene Pringle Dorito, I would say index funds. Look them up.
Just remember how good it was to have the 6k when you needed it. Even if it takes you longer to reach that goal you had the safety cushion when you needed it. That matters more than the number. Keep it up
@@eduardoflores98 now would be good Timing to buy Index funds Like snp500, average 10% a year is way better than 3-4%, also more risk but i managed to get almost 3k in a year from it
Im a white dude who watches a good amount of financial content, and this is one of the better videos Ive seen, in terms of approachability, relatability, and just generally sound advice. I hope too many aren't put off by the channel name, as you say this advice applies to everyone and lord knows a lot of people nowadays need to hear it lol
Why does $10,000 feel so much more achievable when you hear it broken down like this? Just hit my first 5K, and this video is the motivation I needed to push through! 💪
I hit my first $10,000 just over two years ago, but this month, I hit a new milestone: my first $1,000 purely from interest! I remember hitting my first 1k, but seeing that I’ve earned 1k purely from just keeping my money in a savings account feels incredible!
@ from a high-yield savings account. I opened the account a little less than two years ago and deposited the 10k as an initial deposit. Since then, I’ve done my best to contribute at least a set amount on a routine basis.
It took me 3 years to save for a full year’s worth of savings in my EF, and boy does it give me huge comfort any time some random thing pops up that I have to pay out of pocket. Saving anything is huge!
I’m at 6,400! I should be at 10k by April! But I paid off all my credit card first. For me it doesn’t make sense to be losing money in interest. I saved a little each month while paying off my credit card for emergencies
Saving 10k is the stepping stone, Once you hit $100K, compounding starts to work in your favor at a much greater scale, accumulating $100K, you’ve likely developed strong financial habits like saving consistently, budgeting, and investing wisely, These habits, combined with higher investment returns, create a snowball effect that accelerates wealth growth.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary
I do agree, although Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now .
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimise financial outcomes, who can provide specialised advice and methods to decrease expenses and maximise income.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Was in the middle of planning to save my first 10k and this video came at the perfect time! Thank you ❤️ i love your calm aura, which makes watching these type pf finance videos digestible
Put it in hysa that’s what I do once it’s saved it’s really harder for you to remove it. I love opening up these acts each year. I opened 5 in January at my bank because they had good rates. Also have put 7 k in Ira for the year. When I open that app all those accounts I just move money in the certificates each week.
Glad UA-cam recommended this video and your channel. I was looking to pay off my Jeep (only $9k). I make good money and I’m trying to free up this $600 each month lol.
After I saved up my first 10k (From March 2023 to December 2023) money just kind of started seeming like numbers to me. The habits definitely scale upwards, and they’re really not all that complicated. Know where your money is going, know when it goes to those places, and plan for unforeseen expenses
It really does. It becomes a game after a while!! Personally, I don’t think about it. I just live off the budget I have set for myself and what ever is left goes into my HYCA!!
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single Dad and i live in Florida, i bought a new Car in September and i hope to retire next year at 45 if all goes well. Thanks to Mrs Angie Chen Owens for helping me achieve this.
@@Lolatyou332it’s technically both! Lol. But if they can do it once they can do it again. Many people don’t learn concepts like emergency funds, short and long term savings, etc, but I hope that once they do they prioritize it!
@@wealthforwomenofcolor yes! I also have an emergency fund as well and continue to save. I actually saved over $10k to have a cushion for car insurance and maintenance for several months. I’m 24 and live in a city where public transportation is very unreliable and I could never get to work on time, so this car has been my best investment, and I was able to get a better job and travel there with ease.
I'm a little confused as to what you're maxing out Great job on your progress though 250k just seems too high for an emergency fund and to low for long term savings. But I hope you are building your saving muscle and starting to look into long-term investing and retirement accounts if you haven't already
@ well most banks are fdic insured up to 250k so, I was shooting for that is all. I have 17k in my hysa so far and contribute 3k annually + the interest. I match my employer 401 and invest in that as well as my IUL and IRA🥳
I’m at $5k right now and I was able to pay a contractor to fix my door in my house and I didn’t even have to think about it. I quickly sent him the payment and moved on with my day. Having that buffer is super helpful. I’m working towards $10k but it’s gonna take a minute because a family emergency came up and have to go to a funeral overseas, so I’m gonna have to pull money from this fund.
*I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 3k in last week 2025….. now i just hit $12,590…*
Weekly trading is the best way of making money in the market due to lack of experience which resulted in loosing funds... But miss Arianna ,George restored hope she’s a good woman
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Since I became so rich in cryptocurrency I realise that crypto is the future cuz l invested 7k and made up to 36k as weekly profit I appreciate the help of this woman
Your story made me think about my childhood when 100 Swiss Francs were a lot of money to me. I saved my pocket money the whole year to get Christmas gifts for 20 Swiss Francs per family. We were 5 families. And then I started again saving in the New Year for next Christmas. ❤
Love it. Saving is such a great foundational skill to learn and we forget to give ourselves credit for the progress we HAVE made in life & our finances. I'm like you - I'm a gift giver at heart - so I understand the value of giving to your family especially when it took a lot of effort to do so!
I have systems. Methods to the madness. My bank account is so organized. I use the envelope system, but digitally. Every three months I deposit a set amount into a new folder - house, electric/water, cc card, etc. This is how I stay ahead. Even my rent, I pay my portion at least 3 months advanced so I can save the max amount on each paycheck that comes in bi-weekly. Pay yourself first. That's my secret. Shhhhhhh.
I love auto deposits for savings. Set up deposits, typically monthly, for my savings, emergency and vacation funds, for example. I like having buckets 😄
I'm $3700 into saving my 1st $10,000. I should have 10 by September. The goal is to save $10,000 a year. It does give me a boost of confidence to know that I'm completing my goals, one day at a time.
@jayislander let's go!!! Check in next month or in March. I'll be working in February, for my $1,000 to be saved in March. I had a little setback in January but by God's grace, I'm back to saving. 🙏🏽
giving your mom 1k for her birthday is so sweet, i think it’s sweet because when we start making money for the first time we immediately spend it on stuff we want which is understandable, but putting aside money for a gift like that shows how much you care and how smart with money you can be. I’m sure it made her cry because it made her very proud :’)
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@AlexHunte98 However, if you do not have access to a professional like SUZANNE GLADYS XANDER, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
What I liked the most that I had not heard from other videos is the mention of ‘confidence’ it’s very true. I never learned to save as a young person. I began as I finished college and started working :( it was when I realize that our bodies cannot allow us to work forever to earn active income.
Thank you for the comment, I appreciate it!! My goal is to help people build more confidence and build wealth so I’m glad that was a takeaway for you! ✨ And I agree, I think it’s risky to rely just on active income
I was close to 10k beginning of last year. Then I lost my job, became a single mom, and lost my savings. My confidence in myself was crushed, but I picked myself back up and now I’m $2k away from this goal again!
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires I pray that anyone who reads this will be successful in life
How did you manage to achieve that level of growth? I've been trying everything I can to improve my investments, l want to retire in a few years and I need a better diversification
I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
Wife and I have started this $10k savings plan by setting up automatic deposits every two weeks of $200....currently we are at $1,400....rolling right along.
Once you save 10k you realize it’s possible to save more than that. You learn to stack money without jump into every single occurrence. Currently on the road to 20k
Started getting serious last year and I’m at 8,700 now almost to 10k goal is 20k then I want to start saving for a home separately. Using my hys to earn extra interest so that helps A ton
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Invest in S&P 500 ETF, for as long as possible. Do it as often as you can. Try not to withdraw this money and let compounding do its work. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
I totally agree with you. I started out investing on my own too and lost quite a bit. After the 2020 crash, I managed to pull out about $160k. I then invested that money with an analyst, and in just seven months, I made almost $580,000. It's amazing how having the right guidance can turn things around!
There are many financial coaches who excel in their profession, but for the time being, I employ Annette Marie Holt because I adore her methods. You can make research and find out more
Thanks for the comment!! Yeah, I noticed a lot of my viewers are outside of the U.S.! So I’ll try my best to keep that in mind even though sometimes I may refer to things that are country-specific (and I know the U.S. best because I’ve lived here my whole life)
I really enjoyed this video! Sometimes we get so stuck in the weeds and forget about the psychology behind our money management. This is a great reminder, Thank you!
I know one thing you rest better at night knowing you have a nest egg like $10K or more. It's doable; challenging at times but doable!!! Let's keep this movement going ladies.
Thanks a lot for this. My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I know Larysa Caba. she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
It really depends on what your goal is with that money, for example emergency fund vs long-term savings. I have another video that might help: ua-cam.com/video/ZkuQhhE0Dnw/v-deo.html
Yesss! There's no one way to manage multiple competing financial priorities but I like the idea of having a safety net before aggressively focusing on debt!
@@BeautifulasHoneythere’s not one right way to do it! If you’ll have more peace of mind with some money saved up (for example a few thousand dollars) you can do that before putting extra on debts! Or you can save & pay down debt simultaneously
Thank you and welcome!! Some of my videos will have U.S. specific information (since that’s where I am and what I know the most about) but most of what I talk about can usually be applied anywhere!
Kind of. You really need specific goals and timelines, otherwise it doesn't mean much when you have 100k.. I have 250k @ 31. Doesn't feel any different than when I had 50k or so. My lifestyle won't change until I retire at 50, or have enough where I don't need to invest anymore because I will have enough to retire at 50 regardless of if I invest more or not.
My son gave me this bag about 8 years ago! For his girlfriend, but the relationship didn't last! Her loss...my gain!! Everything about this bag *unidups* is true. Still using it and love the way it folds. Happy days❤
A lot of high school students will save up for something for themselves (if they even think of saving anything) like my daughter wants to save for a PC. You on the other hand, saved for your mom. You’re incredibly thoughtful and will be blessed a hundred fold. I’m sure you already are. (New subscriber)
$833.33 per month is the goal for 10k a year. Last year I saved my 1st 10k to buy a new car. I got that car. I’m doing it again, this year it’s just saving.
I opened a high yield savings account. And every month I get a little interest back. It’s like a reward for saving more money and getting more interest in
I had $10k but emergency after emergency it’s gone down to 3k. I’m glad I had it though because I wouldn’t have been able to get out of the emergencies. But now I have to focus on saving again.
I'm about to hit my first 100k saved. I'm having trouble getting over the hump of finally investing it and what to invest it in. All these YT gurus talk about saving X amount but nothing really practical on what to do with it after.
I’ll have more on this in future videos! But if you have that much saved (in a savings account), you want to invest, and you don’t know where you want to invest it, an option is working with an advisor. Or if you wanna DIY it, a roboadvisor
@@wealthforwomenofcolor would you recommend a robo advisor for a newbie like me? I have $17k in my hysa, $22k in my ira and $100k in my employer matching tsp. All done by just saving and budgeting on my own. My goal is at least $1m to have a comfortable retirement 🤗
You have to set a specific goal and timeline. You have 100k, now plan, do you want to retire early, how much more will you need to save? Can you coast on your investments now? In my case, I have 250k @ 31. If I want to retire at 60, I can stop investing and just pay off any debts (Only have a mortgage) and then spend my income on lifestyle. I want to retire early though, so I'm planning on at least investing until I hit 40 to hit about 1-1.5M$. then retire at 50. It's all about just setting realistic goals, with a timeline, and then drafting the plan.
Your Video and the Story about you saving money for your mum as a gift of appreciation makes you one of the best financial advisors on UA-cam for me! Thank you for this, made my day! Subscribing now
I just clicked on this video to say that nothing has changed for me I still feel in debt and broke and I have no real debt I just know I still can’t afford the things I need to when I want to without feeling like I’ve lost everything that I just worked so hard for
Like this comment if you've got $10k saved up!!
Keep making vids there are great 🙏🏼
Well, I'm playing catch up after I invested in my 2.5k bed. & Christmas LOL. But I'm getting back there quickly :)
@@trishacarlson4122 Nice!! I bought an expensive mattress years ago and it was a great investment in my sleep & health!! Have you tried separating your savings between what you plan to use vs what you won't touch (for emergencies)??
10k for medical, 7.5k emergency fund (bringing up to 10k). 1k for car repairs. Also lots of sinking funds. Every time something happens that impacts my emergency fund, I fill up the EF again and create a new sinking fund to cover whatever it was.
@@TanyaSienko👏🏽👏🏽👏🏽👏🏽 music to my ears!
I completed my first 10,000 challenge in May of 2021. I am working on my fourth challenge hope to have 40,000 by the end of this year (2025). Thanks for sharing
Love to hear it!! Is it for long term savings / wealth building? Or other goals??
@ it’s for long term saving
it really depends which country u are working in. 10k in savings is pretty small and insignificant here in Singapore. me and wife save/invest $8k from our salaries every month. So every 2 months, its already 16k. So $10k in Singapore is insignificant. $100k is the magic number for most here in Singapore
@hyperfuse7319 good for you. I don’t think I will be living in Singapore anytime soon. Here in America 10k is better than nothing
Time to invest! Index funds (don’t take my word for it, check it out)
I will touch my first $10,000 this year 🤑!!
Yes 🙌🏽 🎉
Me too 🙏🏽 🎉
I don’t know how long it will take me but I started my $10K savings 2025 good luck to everyone else’s on this journey we got this 💪🏽
I am with you on this journey!! 10 thousand in 90 days is my first goal for 2025. We got this
Keep it in a high yield!
Even if it takes a while don't worry. If an emergency happens having more money is always better the less. Even is its not quite at that number
I like this. I think 10k is more digestible than the 100k goal for most ppl. I wish you all the best ladies!
Agree!! We’re not stopping at 10k but I feel like breaking down loftier goals makes them more manageable and attainable ✨
Yes, I think setting goals too high can be discouraging. $10k is doable even if you don't make a ton.
I have 40k rn I got to invest it more I’m 23
@@romannavarro1178if you’re not one of those scammers who is going to talk about your WhatsApp advisor Helene Pringle Dorito, I would say index funds. Look them up.
This is so real. I’m halfway through my $10k goal and I’m already walking different 😂
Right?!! 🚶🏻♀️
I was at 6k and now im starting over😭😭 im not failing this time around
You got this! Just keep your eye on the prize :)
Things happen, you're not failing, you just have a longer journey
Just remember how good it was to have the 6k when you needed it. Even if it takes you longer to reach that goal you had the safety cushion when you needed it. That matters more than the number. Keep it up
Had to take a bit out recently too, but just remember if you had to dip into your emergency fund, then it’s doing EXACTLY what it’s supposed to do
Keep pushing
I’m at 8,600… it took me all last year. Hopefully by Dec 31st 2025 I’m at $15,000+
You will😊
Literally in the same boat. We got this 💪🏾
Same!!!
Aahhh yes! I was SO excited the first time I saw my savings hit 5 digits! Then 20k, then 25k.. keep saving keep saving keep saving!
Yesss! (And hopefully investing sooner than later!)
@ Yes! 🙌🏻 matching 5 figure 401K and IRA Roths!
cant save everything….cant tell the future so Imma b spending some or enough so if I die tomorrow there’s no regrets!!!!
I set this goal back in 2023, and
I am proud to say I doubled this amount this month.
It's a blessing to have a safety net.
I have 25k hopefully 30k soon😁
Where do you put it? HYSA or index funds?
I have 5k in my brokerage account at 3.75% (pulled everything out of the market for now) and 22k in HYSA at 3.90%
@@eduardoflores98 now would be good Timing to buy Index funds Like snp500, average 10% a year is way better than 3-4%, also more risk but i managed to get almost 3k in a year from it
Currently at $4k right now almost there 🥳
Proud of you 🎉 Keep it up beautiful!
Currently, I am at 5600. We got this
@@kimberlygillis9074 go girl!!
Congratulations!!!
@@kimberlygillis9074congratulations!
Im a white dude who watches a good amount of financial content, and this is one of the better videos Ive seen, in terms of approachability, relatability, and just generally sound advice. I hope too many aren't put off by the channel name, as you say this advice applies to everyone and lord knows a lot of people nowadays need to hear it lol
I appreciate your comment and understanding of my mission to include everyone (not exclude ppl!). Thank you! 🙏🏽
Why does $10,000 feel so much more achievable when you hear it broken down like this? Just hit my first 5K, and this video is the motivation I needed to push through! 💪
Yay I’m glad!! Keep it up 💪🏽 and know that the 5k you do have already gives you a little cushion!
Me too
@@WealthyChronicle yesss 🥳 baby steps!
I hit my first $10,000 just over two years ago, but this month, I hit a new milestone: my first $1,000 purely from interest! I remember hitting my first 1k, but seeing that I’ve earned 1k purely from just keeping my money in a savings account feels incredible!
Is that from a high yield account or from a Roth ?
@ from a high-yield savings account. I opened the account a little less than two years ago and deposited the 10k as an initial deposit. Since then, I’ve done my best to contribute at least a set amount on a routine basis.
@ I just open the Amex one
It took me 3 years to save for a full year’s worth of savings in my EF, and boy does it give me huge comfort any time some random thing pops up that I have to pay out of pocket. Saving anything is huge!
Right? Peace of mind is priceless!
I’m at 6,400! I should be at 10k by April! But I paid off all my credit card first. For me it doesn’t make sense to be losing money in interest. I saved a little each month while paying off my credit card for emergencies
Fair point! If all your emergencies can potentially be covered by a card that’s definitely another option that makes financial sense!
It's true about the peace of mind, it actually made me more emotional capable of budgeting and looking at my finances frequently
My $10k savings challenge is underway! I’m claiming this milestone in 2025 💰🤑
You got this !! ✨💪🏽💪🏽
Saving 10k is the stepping stone, Once you hit $100K, compounding starts to work in your favor at a much greater scale, accumulating $100K, you’ve likely developed strong financial habits like saving consistently, budgeting, and investing wisely, These habits, combined with higher investment returns, create a snowball effect that accelerates wealth growth.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary
I do agree, although Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now .
@@PhilipDunk This is all new to me, where do I find a fiduciary, can you recommend any?
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimise financial outcomes, who can provide specialised advice and methods to decrease expenses and maximise income.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I want to let women of colour know that wealth includes them too.
INSTANT SUBSCRIBED. Your words resonate! Signed - fellow woman of colour!
Wow, what a rare generous act, to give all of your hard earned savings to your mum!
Was in the middle of planning to save my first 10k and this video came at the perfect time! Thank you ❤️ i love your calm aura, which makes watching these type pf finance videos digestible
Appreciate the comment, here to support your financial journey to 10k and beyond!! ✨✨
Same 😅 AI is watching us 😂
Just put $200 it’s nothing I know but I never have had an emergency savings
$200 is good. I just put another $100 to my $3,600 today. 😅 Gotta start somewhere. I'm up to $3,700.
Agree- just start and keep going!!
You gotta start somewhere
SO proud of you
Start small and keep growing. Every dollar counts
I just got to 10k, and it took me only 2 months and a half! On my way to 20k come February🎉🎉
That’s amazing, keep it up!!
🎉🎉🎉🎉! Currently, I am at 5600. I should have my first 10 saved by the end of March!!
Put it in hysa that’s what I do once it’s saved it’s really harder for you to remove it. I love opening up these acts each year. I opened 5 in January at my bank because they had good rates. Also have put 7 k in Ira for the year. When I open that app all those accounts I just move money in the certificates each week.
Glad UA-cam recommended this video and your channel. I was looking to pay off my Jeep (only $9k). I make good money and I’m trying to free up this $600 each month lol.
Nice!! Do you “pay yourself first”? It’s a great method especially if you make good $$ !
After I saved up my first 10k (From March 2023 to December 2023) money just kind of started seeming like numbers to me. The habits definitely scale upwards, and they’re really not all that complicated. Know where your money is going, know when it goes to those places, and plan for unforeseen expenses
100%! If you can build up those habits, you’re set
It really does. It becomes a game after a while!! Personally, I don’t think about it. I just live off the budget I have set for myself and what ever is left goes into my HYCA!!
Yup! It becomes a way of life and you always have a plan in place 🎉
omg so sweet that you saved $1k for your mom !! love that you shared this, thank you
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single Dad and i live in Florida, i bought a new Car in September and i hope to retire next year at 45 if all goes well. Thanks to Mrs Angie Chen Owens for helping me achieve this.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week
Angie Owens strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
The first time we had tried, i invested $1400 and after a week we received $4,230. That really helped us a lot to pay our bills.
You trade with Angie Owens too? Wow that woman has been a blessing to me and my family
I'm new at this, please how can I reach her?
I saved my first $10k last year and bought my first/dream car. Now I have to start again, but I’ve been loving it.
If it was of value to you, it was a good purchase!! Do you have an emergency fund too? If not that might be something to consider as the next goal!
Was it worth it ?
That's not saving 10k... That's spending it.
@@Lolatyou332it’s technically both! Lol. But if they can do it once they can do it again. Many people don’t learn concepts like emergency funds, short and long term savings, etc, but I hope that once they do they prioritize it!
@@wealthforwomenofcolor yes! I also have an emergency fund as well and continue to save. I actually saved over $10k to have a cushion for car insurance and maintenance for several months. I’m 24 and live in a city where public transportation is very unreliable and I could never get to work on time, so this car has been my best investment, and I was able to get a better job and travel there with ease.
I’m almost there!! I should be there by April 😊
Yesss! You got it!! 5 figure club by April 💪🏽
@ 😂😂😂
@@SalsaHuevos that’s great, way to go!
Excellent.
Well done.
@@wealthforwomenofcolorhahaha five figure club is so gorgeous!
Awww. Giving your money to your mom was such a sweet story.
Right? What a selfless daughter she was. It never would’ve crossed my mind to gift my family hard work and financial support like that
Opening a HYSA is the best thing I could of done for myself! Among other things I’m doing. Currently at $17k! My goal is to max it out at $250k 😊
I hope you’re also investing. Compound interest is key to grow your wealth.
I'm a little confused as to what you're maxing out
Great job on your progress though
250k just seems too high for an emergency fund and to low for long term savings. But I hope you are building your saving muscle and starting to look into long-term investing and retirement accounts if you haven't already
@ well most banks are fdic insured up to 250k so, I was shooting for that is all. I have 17k in my hysa so far and contribute 3k annually + the interest. I match my employer 401 and invest in that as well as my IUL and IRA🥳
This is a great video. I’m $3,721.04 away from hitting my 10 k goal. I’m super excited. I’m also attacking my debt at the same time.
I’m at $5k right now and I was able to pay a contractor to fix my door in my house and I didn’t even have to think about it. I quickly sent him the payment and moved on with my day. Having that buffer is super helpful. I’m working towards $10k but it’s gonna take a minute because a family emergency came up and have to go to a funeral overseas, so I’m gonna have to pull money from this fund.
I saved 10K twice in my life! The second time it went all to my car loan! I am starting over again I am at $2,000 in one month.
*I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 3k in last week 2025….. now i just hit $12,590…*
How please can you explain because I've been making a lot of looses trying to make profit trading.
Weekly trading is the best way of making money in the market due to lack of experience which resulted in loosing funds... But miss Arianna ,George restored hope she’s a good woman
Since meeting Expert.,Arianna,George I now agree that with an expert managing your portfolio, the rate of profit is high, with less risk.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Since I became so rich in cryptocurrency I realise that crypto is the future cuz l invested 7k and made up to 36k as weekly profit I appreciate the help of this woman
Your story made me think about my childhood when 100 Swiss Francs were a lot of money to me. I saved my pocket money the whole year to get Christmas gifts for 20 Swiss Francs per family. We were 5 families. And then I started again saving in the New Year for next Christmas. ❤
Love it. Saving is such a great foundational skill to learn and we forget to give ourselves credit for the progress we HAVE made in life & our finances. I'm like you - I'm a gift giver at heart - so I understand the value of giving to your family especially when it took a lot of effort to do so!
@ Thank you very much! Yes, gifts are a beautiful thing. 🧡
I have systems. Methods to the madness. My bank account is so organized. I use the envelope system, but digitally. Every three months I deposit a set amount into a new folder - house, electric/water, cc card, etc. This is how I stay ahead. Even my rent, I pay my portion at least 3 months advanced so I can save the max amount on each paycheck that comes in bi-weekly.
Pay yourself first. That's my secret. Shhhhhhh.
I love auto deposits for savings. Set up deposits, typically monthly, for my savings, emergency and vacation funds, for example. I like having buckets 😄
Pay yourself first is my favorite finance tip/habit!!! Sounds like you got it down 💪🏽
@@wealthforwomenofcolor It only took 35 years but here we are! :D
It wont take me long to catch back up.
Thanks so much!
I'm $3700 into saving my 1st $10,000. I should have 10 by September. The goal is to save $10,000 a year. It does give me a boost of confidence to know that I'm completing my goals, one day at a time.
i’m at 4,400$ let’s do this 💪🏾
@jayislander let's go!!! Check in next month or in March. I'll be working in February, for my $1,000 to be saved in March.
I had a little setback in January but by God's grace, I'm back to saving. 🙏🏽
@@renerenewed we going to get there i’ll check back in a month
@@jayislander ok 👍🏼
giving your mom 1k for her birthday is so sweet, i think it’s sweet because when we start making money for the first time we immediately spend it on stuff we want which is understandable, but putting aside money for a gift like that shows how much you care and how smart with money you can be. I’m sure it made her cry because it made her very proud :’)
Another great thing about saving 10k is you can pay off your credit card in full every month, thus protecting your own money and getting points
I hit 10k,
Hit some investments …at least 10% a week in high performing stocks….
1k extra a week.
You’re dope for putting this info out!
I finished 2023 with R$600 in my savings. Finished 2024 with R$4.900. I'll finish 2025 with at least 10K 🙏🏾
Should be at $10k by next month, then working on that CC debt.
I’m surprised more people don’t know about this book The Censored Guide to Wealth is unreal
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@AlexHunte98 However, if you do not have access to a professional like SUZANNE GLADYS XANDER, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Lourd-Bab Oh I would love that. thank you
@@AlexHunte98 SUZANNE GLADYS XANDER.
Lookup with her name on the webpage.
That’s very sweet your gift for your mom as a teenager.
What I liked the most that I had not heard from other videos is the mention of ‘confidence’ it’s very true. I never learned to save as a young person. I began as I finished college and started working :( it was when I realize that our bodies cannot allow us to work forever to earn active income.
Thank you for the comment, I appreciate it!! My goal is to help people build more confidence and build wealth so I’m glad that was a takeaway for you! ✨ And I agree, I think it’s risky to rely just on active income
I was close to 10k beginning of last year. Then I lost my job, became a single mom, and lost my savings. My confidence in myself was crushed, but I picked myself back up and now I’m $2k away from this goal again!
It’s great to break down saving in bite sized chunks. You are making it digestible for getting results.
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires I pray that anyone who reads this will be successful in life
How did you manage to achieve that level of growth? I've been trying everything I can to improve my investments, l want to retire in a few years and I need a better diversification
The first time we had tried, we invested €14,000 and after a week we received €50,230. That really helped us a lot to pay our bills.
I'm new at this, please how can I reach her?
I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
she's mostly on Instagrams, using the user name
Wealth includes us too!! I love that! Thank you!
When I saved my first $10k it felt amazing. When I saved a $100k it felt good, $10k felt better. It was a mindset shift.
I admire how well-spoken you are!
Aw thank you! I’ve come a long way 😅!
July should have 10k
September for me. I'll come back to this comment. 😅
Wife and I have started this $10k savings plan by setting up automatic deposits every two weeks of $200....currently we are at $1,400....rolling right along.
👏🏽👏🏽 I’m a big fan of automatic deposits - keep it going!!
Great job Lisa!!! ❤❤❤
What a great video! It was at once informative and encouraging. Thank you!
I’m glad it was helpful, you’re very welcome!! ✨✨
Once you save 10k you realize it’s possible to save more than that. You learn to stack money without jump into every single occurrence. Currently on the road to 20k
I hope to reach 10k by the end of the year. 6k right now I have to believe in myself.
You got this! Do you use the “pay yourself first” method? If not it could be worth trying!
I hit my first 11K last month! 🙌🏾🎉 aiming for 20K by the end of the year.
Nice!! Keep it going! 💫 Is this your emergency fund money?
Great video 🫶🏾 I’m at 300k liquid now I’m working on my farm 🌱💖💛💚
WOW Congratulations
Hi there ❤ 😂😂😂
First time here. Thank you ♥️🙏
Welcome!! ✨✨
Started getting serious last year and I’m at 8,700 now almost to 10k goal is 20k then I want to start saving for a home separately. Using my hys to earn extra interest so that helps A ton
I had a little over $12k and then needed a new car and had a dental emergency back to back but I’m almost back up to $10k!
Keep it up! 💪🏽
Solid advice 👍
Taking a shot every time you say $10,000 🎉
Love your content boo!
Lol lol that's a fun game, i feel like every video has me saying at least 1 word or phrase sooo many times! Thank you for the comment!
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Invest in S&P 500 ETF, for as long as possible. Do it as often as you can. Try not to withdraw this money and let compounding do its work. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
I totally agree with you. I started out investing on my own too and lost quite a bit. After the 2020 crash, I managed to pull out about $160k. I then invested that money with an analyst, and in just seven months, I made almost $580,000. It's amazing how having the right guidance can turn things around!
Do you mind if I ask how you found this coach and used their service? I'm having trouble figuring out when to buy or sell.
There are many financial coaches who excel in their profession, but for the time being, I employ Annette Marie Holt because I adore her methods. You can make research and find out more
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
Oh that was nice to include the other countries currencies. I appreciate it
Thanks for the comment!! Yeah, I noticed a lot of my viewers are outside of the U.S.! So I’ll try my best to keep that in mind even though sometimes I may refer to things that are country-specific (and I know the U.S. best because I’ve lived here my whole life)
I really enjoyed this video! Sometimes we get so stuck in the weeds and forget about the psychology behind our money management. This is a great reminder, Thank you!
Try to get an inheritance! Worked for me
😂 I mean tell us how!!!!
Absolutely love it here 💖
This is a great video. Informative and helpful. Thank you for sharing your knowledge and experience. Much success to you each day.
Thank you for the kind words!! Glad it was helpful 🙌🏽
Informative and well-organized. Thank you.
Just getting started 10k by the end of 2025 for sure I will reach!
I know one thing you rest better at night knowing you have a nest egg like $10K or more. It's doable; challenging at times but doable!!! Let's keep this movement going ladies.
it helped me. i need to put my money to work in a high yield savings acct. thanks
You’ve gained a subscriber- thank you for the applicable information ❤
Yay welcome to the channel!! 🙏🏽
Thanks a lot for this. My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
Making over 48k monthly is all because of her.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I know Larysa Caba. she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
I really appreciate all the points made in this video and am looking forward to tackling that $10k soon :D
Thank you!! I’m rooting for you 💸💸
Very informative video. Saving $193 weekly will help one get to that goal
Where is the best place to save it?
It really depends on what your goal is with that money, for example emergency fund vs long-term savings. I have another video that might help: ua-cam.com/video/ZkuQhhE0Dnw/v-deo.html
I'll be there in February 😁 then going to start paying down debt
Yesss! There's no one way to manage multiple competing financial priorities but I like the idea of having a safety net before aggressively focusing on debt!
I’m so happy to see this comment bc I was wondering should I save before tackling debt.
@@BeautifulasHoneythere’s not one right way to do it! If you’ll have more peace of mind with some money saved up (for example a few thousand dollars) you can do that before putting extra on debts! Or you can save & pay down debt simultaneously
Just subscribed to your channel because you included South Africa in your currency conversion.
Thank you and welcome!! Some of my videos will have U.S. specific information (since that’s where I am and what I know the most about) but most of what I talk about can usually be applied anywhere!
Thank you l am motivated ❤️
Everything really changes when you have $100,000, but $10,000 invested is a nice start.
Kind of.
You really need specific goals and timelines, otherwise it doesn't mean much when you have 100k.. I have 250k @ 31. Doesn't feel any different than when I had 50k or so. My lifestyle won't change until I retire at 50, or have enough where I don't need to invest anymore because I will have enough to retire at 50 regardless of if I invest more or not.
@@Lolatyou332how much is enough
Why
Why the goal is 100k
Just found your channel love this. I am subscribing right now.
Thank you and welcome to the channel!! 🙌🏽
💪🏾💪🏾💪🏾 definitely is a great feeling
Between South Africa and Kenya, that's ZMK200,000 in 🇿🇲 Zambia. Feels impossible, challenge accepted.
My son gave me this bag about 8 years ago! For his girlfriend, but the relationship didn't last! Her loss...my gain!! Everything about this bag *unidups* is true. Still using it and love the way it folds. Happy days❤
A lot of high school students will save up for something for themselves (if they even think of saving anything) like my daughter wants to save for a PC. You on the other hand, saved for your mom. You’re incredibly thoughtful and will be blessed a hundred fold. I’m sure you already are. (New subscriber)
Welcome to the community!! 🙌🏽 and thank you for the very kind words 🙏🏽😊
I have 30k saved and debt free and still feel broke😢
It really be like this huh ?😂
$833.33 per month is the goal for 10k a year. Last year I saved my 1st 10k to buy a new car. I got that car. I’m doing it again, this year it’s just saving.
I opened a high yield savings account. And every month I get a little interest back. It’s like a reward for saving more money and getting more interest in
I had $10k but emergency after emergency it’s gone down to 3k. I’m glad I had it though because I wouldn’t have been able to get out of the emergencies. But now I have to focus on saving again.
I'm about to hit my first 100k saved. I'm having trouble getting over the hump of finally investing it and what to invest it in. All these YT gurus talk about saving X amount but nothing really practical on what to do with it after.
I’ll have more on this in future videos! But if you have that much saved (in a savings account), you want to invest, and you don’t know where you want to invest it, an option is working with an advisor. Or if you wanna DIY it, a roboadvisor
Here's an older video I have on the topic too which applies to both small & large amounts - ua-cam.com/video/J7GT7mtfHUo/v-deo.html
@@wealthforwomenofcolor would you recommend a robo advisor for a newbie like me? I have $17k in my hysa, $22k in my ira and $100k in my employer matching tsp. All done by just saving and budgeting on my own. My goal is at least $1m to have a comfortable retirement 🤗
You have to set a specific goal and timeline.
You have 100k, now plan, do you want to retire early, how much more will you need to save? Can you coast on your investments now?
In my case, I have 250k @ 31. If I want to retire at 60, I can stop investing and just pay off any debts (Only have a mortgage) and then spend my income on lifestyle. I want to retire early though, so I'm planning on at least investing until I hit 40 to hit about 1-1.5M$. then retire at 50.
It's all about just setting realistic goals, with a timeline, and then drafting the plan.
Your Video and the Story about you saving money for your mum as a gift of appreciation makes you one of the best financial advisors on UA-cam for me! Thank you for this, made my day! Subscribing now
I just clicked on this video to say that nothing has changed for me I still feel in debt and broke and I have no real debt I just know I still can’t afford the things I need to when I want to without feeling like I’ve lost everything that I just worked so hard for