How to Save $100,000 on a Low Salary
Saving six figures on a low salary sounds impossible until someone shows you the timeline. Let Andrew walks you through every one of them in order.
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What You'll Learn in This Episode
- Why the first $100,000 is the hardest, and what actually does the heavy lifting to get you there
- The 1-3-6 method for building your financial foundation in stages instead of all at once
- What counts toward your savings rate and what does not
- How to climb from 5% to 20% invested without a giant income jump
- The three expense categories that eat most low-income budgets, and how to attack them
- Every lever for raising your income, from certifications to overtime to job hopping
- How long $250, $500, $1,000, and $1,500 a month each take to reach six figures
- The mistakes that quietly reset your progress right when it starts working
Start Here
Join the community built to help you master your money, stay accountable, and reach financial freedom.
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Resource/s
- Car Insurance https://secure.money.com/pr/gc43ce394da5
- Best HYSA https://secure.money.com/pr/r453ecf4d190
- Stock Brokerage Accounts https://secure.money.com/pr/v8d06f8de92c
- Best IRAs https://secure.money.com/pr/oe09b73d1952
- Favorite Travel Credit Cards https://milevalue.com/best-credit-cards/?aff=mastermoney
Tool/s Mentioned
- How To Negotiate Your Salary https://mastermoney.co/get-that-raise-ebook/
- The Ultimate Guide to the 1-3-6 Emergency Fund Method https://drive.google.com/file/d/1wbu4UWoWBKvFcAIYn2IND-twKACWVEE1/view
Episode/s Mentioned
- 5 Side-Hustles That Can Turn into a Full time Income! https://youtu.be/bEIzgYWLi1I
- 5 Side Hustles That Can Turn into a Full time Income! Part 2 https://youtu.be/10C4zt9w8NQ
- 5 Side Hustles That Can Turn into a Full Time Income! (Part 3) https://youtu.be/jEkKQZVYLSg
- 5 Side Hustles That Can Turn Into a Full Time Income (Part 4) https://youtu.be/DPQwY_U3lKY
- The $10K, $100K, $1M Milestones That Change Everything https://youtu.be/oM7FvHv75Hw
- How to Negotiate Your Salary (The Step-By-Step System!) https://youtu.be/rIDlLqDI3O0
- The Stairway to Wealth 3.0! (The Step-by-Step Order For Your Money) https://youtu.be/_XSUQluC0To
- How to Build Your Investment Portfolio (The Portfolio Pyramid!) https://youtu.be/Vn-NXfFWtfU
Watch Next
- How to Spot Fee That's Robbing You, Insure Your Kids' Future & Retire Two Decades Early - Money Q&A https://youtu.be/2y6bjDkgbgM
- 4 Dead Simple Steps to Become Financially Free https://youtu.be/dM4DKC7-Y5s
- How to Build a Vacation Fund That Pays You For Life + (Money Q&A) https://youtu.be/SMDRQkqnA74
- Hit This Number and You Can STOP SAVING! (Even When You are Young) https://youtu.be/R2ebV44XaAY
- Why Franchises Might Be the Best Kept Wealth Building Secret with Alex Smereczniak https://youtu.be/3lXtpxTwrQI
Connect with Andrew
- Instagram → https://bit.ly/Skool-Instagram
- TikTok → https://bit.ly/Skool-TikTok
- Facebook → https://bit.ly/Skool-Facebook
- Podcast → https://bit.ly/Skool-Podcast
- Youtube → bit.ly/Skool-Youtube
- Newsletter → https://bit.ly/Skool-Newsletter
- Website → https://mastermoney.co
- X → https://x.com/mastermoneyco
- LinkedIn → https://www.linkedin.com/in/andrew-giancola-45027b340
Question for you:
What is the raise or certification you have been putting off? Name it and give yourself a deadline.
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