Thread by @AskCoachKev

ATTENTION YOUNG PEOPLE

//MINI-THREAD//

Save $40,000 in Two Years:

1.) STAY WITH YOUR PARENTS 🏠

Rent is $700-1200/mth

($8400-$14,440/yr)

Living with your parents gives you the ability to save that money rather than waste it on rent.

2.) GET A BETTER JOB 💼

You should never have to work minimum wage.

Better yet, you should never let yourself become MISERABLE over minimum wage.

There are entry level positions that PAY!

(My 2 Favorites) 👇

Sales at a well-known car dealership or waiting tables at an expensive restaurant

.. can have you earning $30,000-$60,000/yr at 19yrs old.

Some car salesman bringing in over $10,000/mth.

—> Go where the money is. Expensive products lead to bigger paychecks 💰

3.) WAIT IT OUT 🕓

While your friends are out buying:
- $800 gaming systems
- $200 sneakers
- $400 shirts

Get used to making money & forgetting about it.

Wealth comes when you can live far below your means for an extended period of time 💰

4.) BUY LESS THAN YOU CAN AFFORD

$500/mth car payment is doable for you?

- Find a car that’ll make you happy at $300/mth

See an outfit you like that costs $250?

- Look for something cheaper

“Acting your wage” will keep you living paycheck to paycheck forever.

Increasing income while keeping expenses the same is when your pockets really inflate 💰

Don’t let a 10% raise push you to start spending more.

Act like it never happened and throw it into your investments.

A $50,000 salary is more than enough.

But never settle and be smart🧠

There is no fancy strategy to “getting rich”..

2 years with your parents making $4,000/mth is $96,000 TOTAL.

Imagine being disciplined for 2 years:
- Limiting your spending
- Living with your parents
- Stacking $40,000 by 21

It’s hard to lose at that point.

Make it happen 🤏

RTs appreciated ❤️👇