How to Save $100K:  My Journey to  Six-Figures

Wondering how to save $100,000. Yes, the whopping six-figure milestone. It’s one of the hardest things to do in your personal finances but is also a revolutionary financial achievement.

The Steps to Save Your First $100k

Below, are the steps I took to save $100,000. Hopefully, these actionable tips can help you save for any specific number or even your first $100k.

1. Improve Your Salary or Career Worth

Not every job is the same, but you need to find ways to improve your career worth, understand the direction of your job and skills, and not be afraid to ask for what you are worth.

2. Remove Your Debt

In hindsight, I probably could have caught up to my current savings had I paid all my debt off. But I also would have missed out on some awesome travel experiences that I definitely would not have been able to afford.

3. Don’t Just Save, Invest

You have to invest your money in the stock market besides just saving. This does not mean throw all your cash at a single stock. Be smart. Do your homework and of course have cash reserves.

4. Increase Your Savings Rate Steadily

The higher your savings percentage, obviously the better. But start off where you can and overtime with raises and extra cash, you should also be increasing this percentage.

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