How I Went from $0 to $100K Net Worth in 2 years, 3 months + My Personal Savings/Investing Timeline
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- Опубліковано 9 чер 2024
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00:00 Intro
03:03 My Journey/Timeline
13:17 Financial Awareness - Budgeting & Tracking
14:11 Reduce consumption
15:21 Prioritize how you spend
16:15 Pay down debt and stay out of debt
18:59 Create an efficient and affordable lifestyle
23:19 Increase your income
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DISCLAIMER: I am not an expert or a financial advisor. I simply love talking about finances and want to share my journey to financial freedom and help others along the way!
So proud of you! I’ve been watching your journey before you payed your student loans and it’s refreshing to see someone that truly shows the process. So tired of some “drop shipping/lifestyle influencers, etc that say that they went from 0 to 150k a month just to sell you a useless course without showing proof of their “success””. Happiest for you !
Thank you so much!! Yeah those annoy me too because I've tried so many things with my online business and it's been quite challenging for me 😂
Three years alcohol free, coming up to 4 years. Haven’t felt this great ever, plus, it keeps you young and your skin healthier looking. 🥂
Awesome, love to see it!!
I’m ~60 days from a positive net worth and it’s insane to think about. Just getting to $0 was a grind
How exciting!! Great work!
Thank you for this helpful video Layla 💯
I'm so happy you did this video. I found your channel during my debt free journey, as I was moving out of living alone from an apartment I was having trouble affording. I managed to build a more affordable life and am debt-free now. Seeing that you were able to reach $100K in 2 years is really encouraging. Thanks for always sharing your progress, Leila!
Thank you so much!! Congrats on being debt free!
Congratulations on reaching on 100k net work!! I've learned alot from you watching your videos. Thanks for sharing 👍
Thank you so much!!
Thank you for being transparent. Awesome content!!
Thank you!!
Excited to watch through this one! Your journey is very inspiring and it's been great following along as I'm working through my own financial goals.
Thank you so much!!
Congrats! Definitely motivated
I have been waiting for this video!!! I think I started watching your finance channel in 2020. And then I started watching your lifestyle channel. Your story has been truly inspirational!!! You are a natural teacher and cheerleader without being too much - if that makes sense. I always look forward to these finance videos!! Thanks for making this community. And I can’t wait to see you reach 200k!!
Aw thank you so much Denise!! I appreciate you being here! ❤️
Congratulations on hitting 26,000 subscribers 🎉🎉🎉🎉
Thank you!!
I’ve been following you for a while now and this has been one of my favorite videos. I’m so happy that you are now debt free and have a positive net worth. Thank you for sharing with us. Take care 💕
Thank you so much!! ❤️
Excellent video! I loved hearing about your career financial journey since the very start, also great tips 🎉
Thanks so much Alessia!
Love this video and the emphasis on living debt free ✨
Thank you!!
Congratulations on making through the 100k milestone😃
Thank you!
You are doing amazing Girlie!! Sooo proud of you like always 🤗🥰
Thank you Rosie!!
You’ve done so well. I started watching right around the start of COVID. You are a huge inspiration. Congratulations on building a successful business 😊❤😊
Thank you so much for being here! ❤️
Congratulations 🎊 Love being able to hear about your full journey. And you are very correct about high prices at vegan restaurants. I have to limit how often I go.
Thank you so much!
You're 100% right that getting out of the negatives in net worth is the hardest part. 😩
The goal is to be nearly or entirely debt free by my 30s (so 5 years to go... oh boy. 😂) 🙌🏿
Thanks for being such an inspiration Leila!!
You've got this!! I'm so excited to hear about it.
Thank you!! ❤️
Ty ❤. Going through hard times and gotta take baby steps again and re brush up on things
You got this!
I've found your channel sometime around the start of the pandemic but it was great to see an overview of your timeline because that is super impressive and I hope it's going to motivate others if they see what is possible :)
Thank you so much for being here! ❤️
Congrats on your 100K milestone. I reached it in Feb but quite slower than you (5years) becoz I have low income. But your videos inspired me a lot.
Thank you so much and congrats to you as well!!
You're a keeper, you're far above 99% of them. Keep it up, you have an excellent mind set.
Love this info…very encouraging for my 2-year financial plan. I wish I knew everything I learned within the past year 10yrs ago 😂
Felt good and peaceful listening while driving. Refreshing to see someone endorsing avalanche method.
That's so cool, thanks for watching/listening 😊
@PersonalFinancewithLeila what's your POV regarding mortgages 15yr (lower APR, less total interests, less time, high equity build up, lower cash flow for investments) vs. 30yr (little higher APR, less interests but mainly due to shorter period, but higher cash flow to invest)... If you've done a video...
I love books!
How did you start your financial coaching business and what certifications did you have to get?
I started in 2020. I already had this UA-cam channel and I started by coaching 4 people for free for 3 months. I then started charging a low rate and had a few people sign up! I've still kept my rates fairly low so it can be accessible to more people, but yeah it just has continued to grow.
I got/have 0 certifications. That isn't necessary if you're not doing any sort of investing for clients. I always make it clear that I "legally" cannot give investing advice but I will happily discuss it and share my thoughts.
Ty ❤
Man I felt this video in my bones. Getting rid of my student debt was way harder.
Thank you for sharing. I do find this helpful. I started my debt free journey May 2023 after years of failed attempts and bad strategies. I feel like I have a better understanding of how to actually do this and your channel helps to reinforce that this is about consistency and time. Thanks so much for your content! 😊
Thank YOU!! I appreciate you being here!
Attractive and smart. Double threat!
Watching your videos has motivated me a lot. It’s because of you that I opened up multiple sinking funds with Sachs and made over $500 in returns last year so my money wasn’t just sitting in a regular savings account doing nothing.
It’s helped me build an emergency fund, a down payment fund, and various others. Our biggest hurdle is paying off the remainder of my student loans (which I paid on the entire time during Covid because I didn’t find you until much later lol) and paying down my husband’s truck.
He’s taken my advice of making larger monthly payments and setting it up so the extra money goes only towards the principle of his loan. He’s paid down from $40k to $28k in just the year since I suggested it. I am looking into work from home positions since I would still like to bring in some revenue since we have our first child on the way! Thank you for motivating all of us to do better with our finances and debt!
Aw I love this, thank you so much for sharing!! Congrats on all of the progress! ❤️
On my way to 200k 😈 50k to go. It's a crazy journey
Awesome!! 🙌🏻
It is great to see how much progress you have made over the years🎉🎉🎉. Can maybe expand on the numbers for the next video? Like how much you have made vs how much you have spend/saved, etc. How your savings increased with your income? What were the challenges of trying to cut down the spending?
Thanks so much! Yes I can expand on that more!
I am sitting here watching your video drinking Tanqueray Gin and I feel guilty because I spend more money on this.
Lol my intention is never to make anyone feel guilty about how they choose to spend their money!
I remember when you paid off your car Leila. You were so surprised that the loan servicer didn’t send you a congratulatory note or some acknowledgment of paying the loan off. I had just started to watch you around that time. I paid off my own car six months later and because of what I learned from you, I was not surprised that I did not receive an acknowledgment of paying off my loan. I guess I’ve been around your channel for a long time now! 😊
I remeber that too 😄 and also let’s not forget that she co signed on a car. also remember all the times you supported her!
She is such an inspiration and so relatable!
Thank you for everything Ronette!! Stupid lenders not congratulating us 😂
The certificate of completion is the car’s title in your hand! An amazing feeling!
This was a journey
Leila is gorgeous
Wowow I’m paying down my student loans right now and even though they’re deferred till August 2025, I thought of just saving it in a HYSA to get some extra money. Happy to hear I’m not the only one that thought of this!
Yes definitely do that to gain some extra cash!!
Can you mention how much money you made a year while you saved up that 100k? Would give us some greater perspective.
I didn't document as well in 2018-2020, but:
2018: About $50K
2019: About $55K
2020: About $65K
2021: $80K
2022: $75K
2023: $127K
These are all gross earnings and includes my full time job, side hustles, and extra income. Hope that helps!
Don't be embarrassed about your first job.
I couldn’t find any numbers related to your 100k success in 2 years in here. Where was the most hike up ⬆️ from? Investing, savings, salary etc for the last 2 years
If you watch some of her past videos, you’ll see all of her numbers as Leila is very transparent. Her income has increased a lot over the years with her business/financial coaching taking off, so no doubt this has played a massive role. She has worked very hard x
Have you watched her end of the month budgeting videos? That's where you would see the updates. She gives you the dates in the video so December 2021 would be a good starting point as that's when she hit a positive net worth. From my viewpoint, her hike came from all of them, not just one thing. Her getting raises, paying off debt and consistently investing and saving while doing her side hustle allowed her to reach this goal. Sometimes it's not 1 specific thing in particular.
All of it. I increased my income by switching careers and continuing to build my business, I lowered my expenses, with the difference I put more toward debt, saved, and invested. If you want to see a summary of everything without watching too many of my videos, check out my yearly finance review videos!
You're the best!! ❤️
❤️❤️❤️
32% on 401k??? How much do you make?? 🤯
I make $70.5K from my full time job and then about $40-$50K from my online business...so at this point I put the bulk of my full time job income to investing/saving!
🤸♀️ 🎊
Commenters🤡: was your husband paying for that? Were you living in your parents’ basement?
Leila: No. 🙄
😂 cracked me up. I agree that it’s really the first $100k of net worth increase* that’s the most difficult. If you start in the hole, it’s really tough to break into the positives. I’ve been diligently working on my financial goals for about 2 years, and I’m about breaking the $100k change mark now. I expect to have $100k worth of investments by the end of the year 🎉
Congrats on almost hitting $100k. It'll compound at a faster rate from there! 🎉
Someone had literally left that comment the other day so it was top of mind 😂
And congrats on your financial success! I'm hoping I can get my investments alone past $100K soon as well!