How To Save Your First $100,000 Cash In 2 Years (This Worked For Me)
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- เผยแพร่เมื่อ 8 ก.ย. 2024
- On this episode of The Table with Anthony ONeal, we share the key strategies that will help you save your first $100k and the principles you need to incorporate into your financial journey. Whether you're just starting out or looking to boost your current savings, these tips will provide you with a solid foundation for building wealth and achieving financial security. AO covers practical steps, mindset shifts, and actionable advice to help you reach your savings goals. Tune in to learn how to make your money work for you and take control of your financial future.
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Hey, fam! I’m Anthony and I’m here to help you discover your authentic self and achieve spiritual, financial, and mental freedom. I know what it’s like to be in debt and homeless - I’ve been there. But with the grace of God, I was able to turn my life around and I’m now helping others to do the same.
Join me on my TH-cam channel and let’s start this journey together. I’ll share my experiences, tips, and tools to help you achieve success and become debt-free. Plus, you can follow me on Instagram @AnthonyONeal and visit anthonyoneal.com for more resources and help.
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It took me many years to learn how to live below my means , tithing, saving, and sinking funds are now my absolute favorites!
Trying to do the same. Not easy but worth it.
Any tips? Sinking funds gave me stuck
Thank you This spoke to my spirit !!!!
I started investing in ETFs and bonds a while ago, though given my start age, I sometimes questioned if it made sense. It often felt like my focus on diversification was more about diluting returns than actually managing risk. After investing time in research, I discovered a strategy that worked for me, helping me reach $4 million before retirement. Looking back, I'm glad I was still timely enough to make those changes
it’s worth noting that luck often plays a significant role in investing, sometimes even more than the resources involved. Without it, it's challenging
In my experience, luck plays a part, especially in the short term. But I’ve noticed that when results remain consistent, it usually indicates something more than just luck. For me, research was the challenge until It led to Emily Ava Milligan, a fund manager. Her strategy really resonated and contributed to growing 400k into this and counting
I just searched for the name, and her page popped up as a top result. I’m curious to learn more, glad you pointed that out
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I’m on track to having my first 100,000 saved top of the year
That’s awesome! How much more do you have to go?
Oct 2023 $8000 for HVAC, Oct 2023 - June 2024 over $6000 in medical bills, July 2024 $2550 for water heater. Those payments did not affect my life at all.
Well, if that's the case help a brotha with $7k for a patent and I'll give you royalties. Can we talk? Lol
Everyone is different. You likely make enough money where it didn’t affect you or you live way below your means or you had a head start in financial adulthood with a lump sum of money or family assistance.
Agreed, and still nowhere near $100,000. IMHO that’s too much cash to have on hand. Better place for it than a savings account.
@@PabLow-zx6mrat a certain point in makes sense to have 100k in cash. Likely in your 40s with multiple kids and lots of expenses.
This year in 2024, I have started my Freelance Business! I Now have Freedom, Flexibility, & No Longer stressed about working hours!!! 🎉🎉❤🎉🎉
What's your freelance business?
Stay elevating
"Treat your savings like a bill." I like that, I'm going to use that one 👍🏾
I’m so thankful that though I don’t have $100k YET in my savings, I’m on my way. Recently I had major repairs to my vehicle, my HVAC and a household appliance ALL IN 1 WEEK!!! Thankfully I’d been consistently depositing $500/month in my High Yield Savings account to build my emergency fund for nearly a year and I was able to cover all costs successfully. It was not a struggle but a brief inconvenience. I thank God I’d started the emergency fund!
I’m currently working on building up my savings account so I can just have more freedom to do the things I love
God is the one who gives us the resources, knowledge, and Psalms 24:1 God owns it all anyway. Why not give him that 10%. I am a witness that he will give you more, not just in money, but so much more.
So true I’m tithing and investing best decisions I’ve made my life is peaceful and I’m preparing for my future
Additional earnings reports from major tech companies, driven by Nvidia, coupled with trader FOMO, could fuel a resurgence in market buying pressure. I'm considering investing over $300k, but I'm uncertain about risk mitigation strategies.
Nvidia stock is roaring like many did during the 1990s bubble. But this time around, the hype around new chips is happening in a more mature demand environment.
True, my portfolio took a massive hit in 2022, and I almost sold everything to switch to cash savings. However, I was advised to consult a financial advisor. Following the guidance of this CFA, my portfolio started increasing by 10% monthly. She had anticipated the crash and rebalanced my portfolio accordingly.
pls how can I reach this expert, I need some investment guidance
Melissa Elise Robinson is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow, her track record looks really good from what I found online.i just filled the form and scheduled for a call. Thanks to you
That’s my next goal of saving $100k. Still doing 15% into my Roth 401k. Going to be a journey but I know I can get there!
I'm not where I want to be but I'm going to get there with your help. Thanks Anthony
Try Savings Challenges
I need to boost my income😢
I feel this personally
I felt this!
Start a side hustle anything u make is extra money u can save and invest to boost ur income even more that's what u did and its been paying off now am trying to scale my side hustles keep gridning I went from hardly having money to almost saving up my first 10k missing about 4k to get my first 10k and next year I plan on another saving 15k next year with God's grace 🙏 keep grinding u can make it if I can anyone who sets they mind to doing it can as well
Tithing - that's why I follow you.
I understand giving alms but why would you tithe if we are no longer under the old covenant of animal sacrifice? Also tithes in the Bible was never money. Financial education is great, but biblical education is greater, giving is good but with proper understanding of what the Bible ACTUALLY says, not your pastor.
2 Timothy 2:15 is key.
@@kolaiahisrael950but why not tithe? 🤔
If Jesus is the high priest after the order of Melchizedek and Abraham gave Him his tithe. Why should we not tithe if we’re Abraham’s descendants through faith? Jesus our High Priest is waiting to receive your tithe so He can give you a blessing !
You are part of the reason why I’m fighting to teach those around me the financial knowledge that we lacked in school! Keep this content going! I cannot wait until I can see 100K in my account😊❤
31:49 had me screaming straight FACTS in my bathroom 😂😂😂😂
The plain shirts look great!!!!
What I like about the Sofi Acct is that you can separate your savings into different "vaults."
Just like Ally has buckets
This was a confirmation video. Thank you
Im 23 years old and I recently just paid off all my credit card debt and I’m starting my 6 month emergency fund. Currently I have 4K saved up. Didn’t seemed much to me but hearing these facts in the beginning I think I’m on the right track 💯🔥
Wonderful
Having just turned 41 and got laid off, I'm at a turning point. With 425K saved for early retirement at 50, 10K in an HSA, and a property that could sell for an extra 200K, what are my options for investing aggressively?
It makes sense to consider a financial advisor at this stage, but delaying retirement might be a smarter choice
Not going back to work. I'm unsure whether to consolidate all my investment accounts into one. If I do, how should I handle it and what should I be aware of? I also plan to sell my property, which could bring in an extra 200K over time. Should I combine everything into one account or spread it out across different investments?
These are key questions for a financial planner. I connected with mine at a summit, and with her help, my wife and I reallocated our 1.7M portfolio between a traditional IRA and brokerage account. She’s been managing the investment with our approval and has helped us recover twice our losses. Currently hodl’ing steady and cautiously navigating the market
That’s impressive! My portfolio has been struggling. Who is your advisor?
Leah Foster Alderman. Look her up online, she's well-known.
👏👏👏👏👏... Ask, "How can I afford it?" - Robert Kiyosaki... Genius.
Thank you Holy Spirit for spending this message, and thank you for the amazing message. The light 💡 is on
Thank you so much for this message. I have been having a battlefield in my mind about tithing while trying to save for the emergency fund. This is all the confirmation I needed...
Minimalism helps so much! Makes you realize how much stuff you DONT need!
@Gloria-c8y
Right ever since I became a minimalist I been free from the mental turmoil of having unnecessary things.
What is your take on whole life insurance? And borrowing money from it for investments endeavors?
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
Sure, investing is essential for maintaining your financial stability, but making any kind of legitimate investment without the correct advice of a professional can result in a significant loss as well.
It's really not easy investing or trading the financial market. I read a lot of books, tried to study, watch some tutorial videos, did a little demo before funding my account and I still lost a lot. The financial market could be very tricky
Yeah i been having some hard time trying to trade on my live account, its like the market is being manupulated
Trading under the guidance of an expert is the best strategy for beginners.
Gotta watch when i get off work because i was just thinking abiut this situation to myself....
“Healthy habits turns into healthy systems.”
Which high yield savings account do U have? I'm interested in getting 1, but don't know which 2 choose.
Here's a show I did on the best HYSA: th-cam.com/video/bkK9ckJhkyM/w-d-xo.html
@@anthonyoneal you're The G.O.A.T. 4 this. I'm almost @ $10,000 in savings so I can put it in this. Thank you 🌞
He’s promoting SO Fi. Try Marcus.
Living below your means and being intentional with your financial habits is crucial. Great motivational content right here! “Healthy habits creates healthy systems which produces long lasting wealth” 👏🏾
I tithe because first and foremost I love God. God gave me these resources, money, job, etc, so Im giving just a part of what is truly his anyways. I tithe because God gave his best, his son, to die for me so 10% Tithe is nothing close to what he's done for me. To God be the glory 🙏 🙌
Giving your pastor money isn’t giving God money! Give money to those actually in need if u want to please God
@@passportheavy5505 I do both. I give to the church and those in need 🙂
Thank you for this video man. Great job and keep it going.
Thank you for the encouraging words!!😀👍
Ooo you spitting BARS 🗣️🔥💸
Brentwood! That’s a very nice area in Nashville. Also I remember Dave Ramsey once said not everyone is made to be an entrepreneur/own their on business. I tried that for 20 years and never had the success I was looking for.
Was it purpose driven? Was it something you were passionate about? Also, sometime we just need the right guidance.
It’s okay if it didn’t work out. No stressing. You will find your way.
@@bessiewright2235Thank you!
Correct I don't Wana have a business I own either , for now I like clocking in and clocking out.
@@naturalreecey446that's fine just make sure is a good paying job
Thank you Anthony, God bless you for sharing your truth and keys to financial success! Currently on a journey to building 7 figures 😌 by the grace of God and discipline, I will make it happen sooner than later!
If u can save 100k in America, GET OUT NOW. It go further in other countries
Make sure it e machine tho before leaving
?@@jasonhare1020
The keyword ...Be intentional bout your savings!
So happy to covered this!!! I always thought the advice of saving 1k was bogus! You need access to 100K in today’s time! You get my follow now ❤
Anthonnnnny, this here was real! And it was a blessing!!🙌🏾🙌🏾👏🏾👏🏾👏🏾 Thanks guy!!!❤
I like the shirt idea!! We don’t need to be buying expensive clothes or clothes just to buy or bc we have more money.
Growing up, seeing my dad not buy stuff, I thought getting the career, I wouldn’t have to go through that. But it’s about managing your money for your goals.
I have to ask myself, is this item worth more than taking a vacation, saving, investing, retiring early, or working more and being away from my family. The answer is no.
Great video, I love it
Bless you brother !!
Good information. Does that mean you have to give in the church ? Or can that mean you can give to people who may be in need ? I’ve done both but I would like another perspective.
You are doing an amazing thing. Know that you are the church, the church is within you, wherever you go. Invest in yourself first, that way you'll be able to invest in others. Stay elevating
Acts 2:42-47
Good information man! What brand shirt is that? Clean
Wonderful God Bless you ❤
Thank you for this information! God bless!
25k invested 4x is 100k I'm going for the 40x
That is awesome. Stay elevating.
💯 🔥 and Facts!!!
I am 52 with $520k saved up. I am on track to retire with $650kk. A goal I set for myself in high school in 1989.
First 100k is the hardest
After that it gets easier
I He is right. You won't stress those meetings with your boss when you have 6 figures.
I hope whoever decides to open the sofi savings account realizes you need to setup a direct deposit with their bank and have a direct deposit of $5,000 every month to qualify for the 4.6% APY. If not you'll only get 1.20% APY.
Thanks for the information, I was wondering about the amount needed to get a higher interest rate
Put your money in a money market account. Ex: Charles Schwab money market fund SNSXX collecting 5% and there is no minimum.
You only need $5k direct deposit to get the $250 bonus from them. I direct deposit just under $5k a month with SoFi and they're giving me 4.6%, all that matters is that you keep your direct deposit with them
Thank you!
Some people think a CC is an emergency fund but i dont because if you can pay for the incident, you probably can't keep up with payments.
Hey Anthony O'neal, I want to be part of that community where either I have $100k or my Stocks / BTC are worth a $100K... Lets go! (P.S. Income property like a duplex)!
Invest in yourself b4 investing in somebody else.
Amen!
I recently had an emergency repair at home that ended up costing $3500. I'm so grateful that I just wrote a check and went on with my life.
Good feeling...
Tithing is good for the mind and soul
Does this apply to people who live in the Uk?
Love this
Is that Sofi endorsement Ramsey approved Anthony?😜😉
This the type of church I wanna go to
Is 10% tithe based on gross or net pay?
Hi. Some people do either. If you tithe from your gross, then most people don't tithe from tax returns. However, you title from net, then you pay tithe from your tax return
Ive spent so much on medical bills this past year, i could've had my car paid off 😒
Money should not make you walk and talk differently. remain humble regardless how broke or rich you are.
Love it❤
Think about it like this we can't out work everyone you can't really make more than everyone but you can out invest most
When are you going to Ghana???
Hello👋🏾ALL🎉🎉🎉
Love all of this. Amen to 45:50 ❤ and 48:12
What is the best High yield savings account?
Why wouldn’t you put most of that in an investment account? Usually people recommend 3-6 months, anything more than that parked in a savings account is unnecessary unless you plan on using that additional money on a purchase in the short term.
Shod...I just cashed in my employee stocks to save my 1st $100k.
I just saved my first 100,000 now i dont know on how to invest i have lost money in so many ways im being cauciouse this time but how do i go about investing atleast $50,000 of it
S&P 500 fund, unless you are scam bot
Mental health therapy is great. So is speech therapy. Very useful to learn better ways to speak and communicate to improve clarity. People are often offended when I suggest this; I'm not saying we should learn to "talk white", just to consider that we can learn to speak more clearly and better communicate our message. It's humbling and totally worth the sacrifice!
I invest in my Roth IRA. And my 401k toward my retirement. As far as my disposable income I have 27,000 in a regular savings account toward emergency. But going forward any further disposable income I put in a regular brokerage acct. I feel like even with the risk you still make more in the market than leaving it in a bank. And if need be in case of emergency I could just sell. And liquidate some money. So I think your safer in the market ETFS And index funds are the way to go... And my emergency savings acct is a high yield savings acct.
“An emergency becomes an inconvenience” deep cuts.
I work two jobs but I couldn’t save $500 a month because I am very bad spender and a giver so How can I stop that please help me😢
@@mizzmiami3242😂
Spend only if you need it to live. Give only if it is something to sustain another life and you are the only person around that can help.
After your life is more stable you can give more.
While Christians should give freely, we are not supposed to give carelessly.
I need residual income 😊
Yesssss sir .... Dem tithes come FIRST
Once you hit 100k then you never want to see it below 100k and it no longer seems like alot
Is SoFi really a good bank?
What happened to bethel tech ?
How old were you when you saved that 100k?
i almost have 7 figures invested🙏🏽🙏🏽
yapperoni and cheese
I love saving. I also don’t agree with $100k in a savings account. Invest that. 6 months but unless your monthly income is $16,000 per month, no.
Dave Ramsey said $1000 which I believe at one point was your mentor has the recession made the price raise
He agrees with you can start with $1,000 but we both know we cannot do much with that so I’m glad he is teaching to surpass that.
All the motivation I do it's not okay
How do I meet you to talk to you
What if you don’t even make 100 thousand in 2 years of salary and work ??
ANTHONY, HOW CAN YOU PAY GOD FIRST IF HE DOESN’T HAVE A USE FOR WHAT YOU ARE PAYING HIM. THAT EXPRESSION OR GESTURE IS ALWAYS CONFUSING.
was this vid just a whole big ad? 😅 anyone feel the same
Who else watches this and want an accountability partner???
Why trade cars when you can keep them and buy more!!
Great adbice butThis was a movie