The Truth About Saving My First $100,000

[@steveantonioni]

In celebration of the summer solstice (as well as how awesome you guys are) here’s 25% off my personal finance course :) www.udemy.com/course/cashcollege-freedom/?couponCode=SUMMERSOLSTICE

[@garretttodd2182]

boris vlada manages my funds, im up 92k

[@jonasrominger3065]

@@garretttodd2182 contact please.

[@garretttodd2182]

just email him

[@garretttodd2182]

....... borisvlada10 .........

[@garretttodd2182]

G mail

[@ThreeTwentyTech]

There's something special about that first 100 thousands dollars... it's the first 6 figures that you hold in your possession, it's a special achievement. It teaches you that *discipline* and *determination* CAN deliver results.

[@bobsinhav]

Lakhpati

[@thabangramodipa]

Goodness gracious. The intensity of the resonance I felt while you were talking about finding your fit. The thought of never finding the square hole is honestly terrifying. This was such a great reminder Steve. Thanks for the pep talk

[@tyler3570]

For me, the 100k was the hardest. But 300k should be everyone's goal. Work your tail off to get there. Why? Because at the historical return of ~10%, that means it's growing 30k a year, which is more than what I can legally put away tax deferred. It's the point where I can no longer keep up with my own investments. And that's a great feeling.

[@Xspeedspec]

I agree high income is a bigger key with saving and living minimal.

[@ashC1990]

Videos like this are the reason i visit this channel every week.

[@JourneyofFinance]

A much needed reminder for all of us in today’s personal finance space about sticking to the fundamentals. Slowly but surely works every time. Speed it up by increasing income. Thanks for sharing Steve. Good luck on the move!

[@Zaerki]

The first 100,000 is a b*, but you gotta do it. I don't care what you have to do - if it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on 100,000. - Charlie Munger

[@FerventReminder]

Except Charlie Munger is 97... Let's take him back to ~22 years of age (just to use some generalities to derive our figures). So we're Charlie Munger at 22 years of age in 1946, now lets take our $100,000 figure and use a basic inflation calculator (www.calculator.net/inflation-calculator.html?cstartingamount1=100000&cinyear1=1946&coutyear1=2021&calctype=1&x=126&y=26) which uses official CPI data and is likely way understated, especially when you consider the rubbish figures they spew out now. Anyway, let's be conservative and use this--it comes back with about $1,445,009, quite a bit higher than the nominal figure of 100,000 in that quote and definitely more so when you ignore bs inflation numbers.

[@krestonferris6357]

Thank you for the energy that you are putting into all of this. I enjoyed this fireside chat style of talk. Cheers mate.

[@cheynebest7028]

A 5 year window seems to be a long time to essentially park your money for when you need it. The market in one of the worst financial crisis being 2008 recovered quickly. Same for this covid crisis. Having your money basically only protected from inflation is better than nothing but I believe missing out on the upside of the market outweighs the risk in a five year time horizon.

[@ryannatwick6698]

Stayed till the end. I really enjoyed the change of pace and authenticity. Also really solid advice that we can all benefit from!

[@Je.rone_]

Your channel and its quality is very inspirational, I'm taking notes

[@user-ps2jk5kd3o]

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[@Deixaeucontar]

You considered the solstice???????? I’m so happy this channel exists.

[@user-ps2jk5kd3o]

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[@mrpmj00]

Biggest risk is not investing in stocks, and sitting on the sidelines and complaining! I bought these on the dips in the last few days. Amazon Facebook Apple Microsoft

[@AurelioPita]

Keep it going, your channel will explode soon.

[@user-ps2jk5kd3o]

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[@setso_za]

I would like to thank @Steve Antonioni for making these videos and sharing this information; I would also like to thank everyone that liked this video, otherwise I wouldn’t have been recommended this channel! 🙏🏾

[@davidsagua5835]

Good job. I enjoyed every bit

[@anojansmart]

Hit my first $100k across my savings and investment accounts recently after 5 years (paid off student loans in that time frame too)! Excited to see how quickly I can accumulate the next $100k (just think of all the McDoubles I can buy)!

[@LisetteZ3]

That was really interesting! We are just one year in investing and it’s a grind. With questions like, are we better off investing in etf’s, crypto, solar panels or going up in car because we keep having to repair it. Good reminder that the first 100k is the hardest!

[@user-ps2jk5kd3o]

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[@GriffinMilks]

Great reality check in the first part of the video Steve. Important for newer investors to understand. Saving towards that first 100k is tough and I agree that there's no magic solution. Classic PF method is the way to go.

[@KhanStopMe]

I've been trying to figure out how you light and shoot your videos, the quality of the light is beautiful and I'm so perplexed how you pull it off!

[@Archonch]

Personal finance is like 75% about lowering spendings and liabilities

[@freedomworks3976]

Just stick with it !!!!!! Your best advice 👌 👏 😌

[@wildlifelouie]

You single handedly made me reevaluate my relationship with money and start caring about personal finance! 🙌🏻 great job man

[@ejb360]

Great video! Thanks for being so open. Its very helpful to us all.

[@user-ps2jk5kd3o]

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[@NormSpecial]

Always appreciate the content, CC! Helps to peak behind the curtain of how others are approaching personal finance, strategies, and updates on how it’s going. The Valley of Disappointment comes to mind a lot during this first 100K, but also really liberating and gratifying to see that foundation being laid for what comes next. Anywho, thanks again!

[@navnitsahota2364]

You should really diversify at least a portion of that 100k, into stablecoins (to earn interest) and dividend ETFs. It could easily pay your monthly expenses along the journey!

[@williamgates2466]

This was good information

[@окрашено]

1.5x speed helps

[@lasertag28]

this was a great video! i appreciate your honesty and can't wait for more content like this

[@user-ps2jk5kd3o]

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[@itsjsqrd]

I really do like this video, going back to the basics for most people who don’t properly understand investing and get caught up in the hype 👏🏾👏🏾👏🏾

[@kenrenji1]

Hey, great video! Could you do a break down on your personal expenses of your current place, and how you track you expenses?

[@matthew-shanahan]

This was unbelievably helpful!

[@user-ps2jk5kd3o]

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[@AnthonyJohnston1]

Cool bean! Waiting for your new net worth video when you hit that 200k!

[@user-ps2jk5kd3o]

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[@brandenmurphy1837]

LBC Digital is another great HISA - the rate was at like 3.25% before COVID

[@SteveColemanProduction]

We use our high interest savings account as the stockpile for our emergency fund much like what you're describing. Great video Steve!!

[@user-ps2jk5kd3o]

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[@Trouble1995s]

What is your mic? It sounds perfect

[@albertopazos6581]

I’m down like 6k in all my stocks but do sell covered calls every Monday and I make between 50 to 170 $ a week. I don’t care the stock price because I’m in the market for the next 30 years.

[@nifaggella]

Always appreciate your input 👌🏼👌🏼

[@user-ps2jk5kd3o]

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[@NatePolmateer]

Im also in the middle of moving so I feel ypur pain, we just boght a farm house a d had to move and re paint our old house and watch our ten kids...it was epic lol.

[@kavinsilva9739]

Love watching your videos!!

[@user-ps2jk5kd3o]

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[@jordansteffen]

Ally bank is a good one for those in the US, I like their saving buckets feature

[@AidanandAssociates]

Thanks Steve. I have felt really down so especially the last section was so incredible helpful mate. Appreciate everything you do

[@user-ps2jk5kd3o]

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[@jeremiahinvests]

That background is hot 🔥

[@user-ps2jk5kd3o]

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[@BradyMartinOfficial]

Dude your filming is beautiful. Just curious what your main camera is? I know it’s totally unrelated but just curious.

[@DiiceForeveroO]

A “high” interest savings account of 1.5%? Yea, inflation will just eat that savings away because of trying to play it safe.

[@13adi]

Thank you. I've been really struggling with the "breakeven" phase where I am neither progressing nor regressing. It gets frustrating sometimes. The video helped remind that you've got to keep going, even if you feel you are not reaching anywhere.

[@gabrielbouffard9948]

Hey Steve! I cant tell you how much I appreciate your content. I'm already 30 and only just starting to understand how to manage my money and you content has been the most helpfull tool in my journey so far. I was already thinking of buying the course but here is a quick question: After doing the course do you get the chance to ask you questions that might help me tailored my finance and all the content of the course to my specific needs?

[@steveantonioni]

Thanks Gabriel! Yes, there's a discussion board you can post questions to or you can send me one directly, all on Udemy through the course :)

[@elliottaleksndr]

Becki & Chris are also building a cabin

[@user-ps2jk5kd3o]

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[@Sahumerio]

Thank you!

[@user-ps2jk5kd3o]

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[@Bobbyfuckingaxelrod]

Great video. But those with more risk tolerance lets all remember that Bear markets DO NOT last long. The longest one in history occurred during arguably the worst economic recessions in history: the 1929 stock market crash.

[@LisaCulton]

Canadian dollars?

[@user-ps2jk5kd3o]

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[@suusvooijs6866]

Imagine having access to a "high" interest savings account... In the Netherlands, the highest is 0.3%

[@jannisnewiadomsky]

What do you think about the book "Rich Dad Poor Dad" ?

[@og7952]

I have a similar approach. I have 2 years worth of expenses invested in short term bonds etf. Just in case.

[@freedomworks3976]

Pay yourself first

[@albertopazos6581]

I wish I would’ve save my money weekly into a index fund all this years instead of the bank I’m talking about 18 years of compound interest…

[@tondann]

Amen!

[@user-ps2jk5kd3o]

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[@ProfessionalRageBaiter]

at the rate of inflation his 40,000 will be worth 20,000 in 5 years

[@aryanamoli4522]

Hey man , do u think your course would be of good value to somebody living in Japan :) , not in Canada ?

[@user-ps2jk5kd3o]

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[@prolaxbro4474]

Everybody was a trader in January

[@Xspeedspec]

Just DCA crypto and you’ll have 100k quick. The last 10 years the crypto assets out performed way more than anything else

[@user-ps2jk5kd3o]

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[@johnnocanuck]

So boring to "invest" money in a high-interest savings account for a

[@coltonsparks1686]

How much were you making from your regular job when you first saved up $100k ?

[@coltonsparks1686]

nvm I just watched the whole video and realized you answered this

[@colinpritchard8555]

Have you read Quit Like a Millionaire?

[@user-ps2jk5kd3o]

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[@loquilla300]

I have just discovered your videos 2 days ago. Just what I was looking for! Love them all, overall your approach to all ages and types of people. Mariana (Montreal).

[@loquilla300]

@@user-ps2jk5kd3o Added

[@DNOJ]

Two videos in one…

[@ramsesf.7956]

You need to make a hairstyle tutorial. Just saying

[@Tjmalloy2]

tesla stock took me from 8k starting in 2018 to 100k plus now three years later, but everyone has a different risk profile. Love your content man!

[@Lilbit2215]

You started investing with 8k in Tesla???

[@Tjmalloy2]

@@Lilbit2215 yah initially, I've added more to my position since then, sold some of my other stocks and went all in. I'm still holding for the long term tho

[@Lilbit2215]

@@Tjmalloy2 how much was Telsa back then??? I invested almost the same in an index fund and I keep adding more as well. I'm trying to make mine turn like yours lol but I know an index fund might take longer to reach that goal

[@Tjmalloy2]

@@Lilbit2215 I was buying around 50 to 60 a share. I sold all my other holdings to buy more because I saw the opportunity was huge, and maybe had 12k worth and then the stock starting shooting up, so I bought maybe 12k with margin to secure the amount of shares I wanted to get, ive been paying off the margin ever since trying to own my shares outright, im down to 3k in margin now. I don't recommend people invest like me tho. I've done probably 500 hours worth of research on this company and I can handle risk so no panic selling. Index funds have proven time and time again to be reliable, tho I see tesla stock as about one of the safest stocks to own despite mainstream media saying otherwise

[@Lilbit2215]

@@Tjmalloy2 I bought into an index fund about a month ago with 5k. I'm hoping to purchasing my first home with 3-5 years and someone told me that's the best way to go. In October when I get my next bonus I will keep adding more on top of what I got so far the purchase price I bought it at was $225 with 24 shares but right not it has dropped to $217. But that same person told me not to panic and just keep buying the dip

[@Theman26642]

I can't tell if this guy is 30 or 40...hmmm

[@chriswoods7641]

I have to put it on 2x speed, such a slow talker 😂 get to the point sonny!

[@user-ps2jk5kd3o]

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[@gauseb]

First 😁

[@robw7856]

Having $100k is much less impressive when you rent

[@treedomfinance8452]

Savers are losers... Im soo happy I had made the decision to invest everything

[@user-ps2jk5kd3o]

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