02
Mar
How To Save 100k In One Year. Let’s be real, saving money is hard work! If you want to learn how save 100k for a house deposit. How to make $100,000 a year. That last year you save $95k, you�ve now saved a total of $875k over 14 years.
Let�s say when you start working you�re able to save $30k per year, and your salary grows such that you�re able to save an average of an additional $5k/year. Looking at a 2% annual return; I never expect a raise or a healthy one, but last year i got a 13% lift. That’s 273 dollars per day. Not as greatly than if you were trying to save the money in 1 year, but still difficult to do. Incredibly, during the year that my husband and i built our new business (mine is my blog and his is a cuban food truck), we never used that savings!
Now you know how much you can save and how much you need for different needs but saving regularly is a tedious task especially with fixed monthly income while the inflation rate is unfavourable.
They say the first $100k is the hardest. Let’s be real, saving money is hard work! When my husband and i married, i quit my job. Between 2004 and 2012, i lived in new york city, made around $30,000 a year, and saved over $100,000. Or 5 items sold at $50 or 1 item sold at $273 or 136 items sold at $2 1. If we assume some investment gains, you�re easily looking at $1.25m+.
