How I’ve Saved Over $40,000 at 20💸

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Hi friends! In today's video, I go over how I've saved over $40,000 at 20 years old :)
👩🏻‍💻 About Me
I’m a 20-year-old senior year nursing student living at home while working part time. I’m currently focused on investing and saving as much as I possibly can while living a "rich life."
✨ Things I Love to Use
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💙 Chase Total Checking & Savings
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☕️ Buy Me A Coffee
Consider supporting my financial and RU-vid journey with my link down below!
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🎶 Music
"LOFI BEAT CHILL" by WATRFALLKERO on Pixabay
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📖 Chapters
Intro: 0:00
I Have No Student Loans: 0:26
I Have No Credit Card Debt: 2:58
I Still Live With My Parents: 4:28
I Quit Social Media: 5:03
I Have A Budget: 6:22
I Have A Why: 6:50
Outro: 7:25
🚨 Disclaimer: I am not a financial expert and this video is for entertainment purposes only!

Опубликовано:

24 июн 2024

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Комментарии : 50

@PfropfNo1 10 дней назад

This is a great video on how to avoid unnecessary costs. However, the title promises info on how you get 40k. Even at zero costs, you need some sort of income to get to 40k. With a full time job it still takes years to save 40k, so how did you do it while studying?

@ScrubsandSavings21 10 дней назад

That's a fair point! I've made about $12,000 to $15,000 per year during college and worked part-time during high school. I've basically saved most of the money I've made and received throughout my life.

@JarekBates-ez2de 17 дней назад

Wonderful video & your advice is 100% true! I turned 21 this year & I have been able to reach almost $45k in total liquid assets, solely from working part-time at a restaurant since I was 16. I’m entering my senior year of college, still living with my parents, and working ~25 hours a week while earning a B.S. in biology & a B.S. in chemistry. Since I go to a smaller, local 4-year university, scholarships have allowed me to pay

@ScrubsandSavings21 17 дней назад

Good for you!

@sabahatnaheed1435 19 дней назад

well done girl! You're an inspiration!

@ScrubsandSavings21 19 дней назад

Thank you!

@HarshalSawarkar2024 14 дней назад

I am now 21 well done your video and information is awesome keep it up 🎉

@ScrubsandSavings21 14 дней назад

Thank you!

@Carlospayesrivera 18 дней назад

amazing video! I also quit social media and its a great way to de-influence and not compare my life to others. Im also saving to have a comfortable future and i'm graduating CC today!

@ScrubsandSavings21 18 дней назад

Congrats on graduating!!

@RenPersona 18 дней назад

Congrats on your financial journey! You did an awesome job :D

@ScrubsandSavings21 18 дней назад

Thank you so much!!

@gioc610 18 дней назад

Honestly great video and advice!

@ScrubsandSavings21 18 дней назад

Glad it was helpful!

@Edumacation95 17 дней назад

Awesome video! you're doing incredible for only being 20! i found your video really helpful for my own finances thank you!

@ScrubsandSavings21 17 дней назад

Glad it was helpful!

@inlinesix6694 17 дней назад

That’s great. I did the same but then it went to house down payment, wedding, honeymoon 😊

@ScrubsandSavings21 17 дней назад

I’m glad that you didn’t have to go into debt for any of those things :)

@cartma24 3 дня назад

Wow this is truly inspiring! I just watched like 8 of your videos that caught my attention, subscribing rn. I myself have been blessed similarly as my parents have provided for me, at my 24 years old still live with them, took care of my college, now I work and have good income and quit social media in february. Also being mindful about my savings, investments, future and the why I am doing this. Seeing myself in a similar path as you and seeing such success is bringing me life. Thank you for sharing this!

@ScrubsandSavings21 3 дня назад

Thanks for subbing!

@medioreblatherskite 12 дней назад

This is so inspiring

@ScrubsandSavings21 12 дней назад

Thank you❤️ I hope you learned something!

@PBMMoney 18 дней назад

Great content !!

@ScrubsandSavings21 18 дней назад

Thank you!

@Nb-ll8kp 4 дня назад

It will only get easier from here and most likely your savings will only grow exponentially from here! Once you’re able to spend money to save money it just snowballs. (Like upgrading from a junky car to a more reliable car that won’t need expensive repairs constantly) I had about 35k when I was your age, now I’m 22 and reaching 150k. If you play your cards right it will only grow exponentially from here. I also live with my parents (contribute 500 each months and pay all my own bills except groceries). Never went to college, worked minimum wage jobs since I was 14 and applied to MANY jobs while everyone was hiring in 2020 until I got a high income job. I’d recommend starting with simple investing like a high interest savings account or a GIC

@ScrubsandSavings21 4 дня назад

Congrats on all your success! 75% of what I’ve saved is in index funds. Thank you for your advice and support :)

@Nb-ll8kp 3 дня назад

@@ScrubsandSavings21 even better, you’re ahead of me when I was your age !

@nataliajasinska2000 19 дней назад

Thank you for sharing! I highly recommend YNAB and limiting spending on things you actually don’t really care about. 😊

@ScrubsandSavings21 19 дней назад

That’s why I use it!

@sambhunathmandal3135 17 дней назад

Hello, I am Sambhu from India. I used to do RU-vid and blogging, but unfortunately, I wasn't successful. I have 5-6 years of experience in RU-vid because I started during COVID-19. However, I couldn't continue due to my studies, which is why I didn't achieve success. I am interested in business, analysis, problem-solving, planning, research, design, motivation, art, and reading books. I would like to work with you because I believe that by working together, I can improve my English skills. This will help me read English books without difficulty and gain more knowledge. You know how beneficial it is to work in a team compared to working alone .

@VictorAlves-pu4sq 17 дней назад

Money Guy show mentioned!!

@ScrubsandSavings21 17 дней назад

I can’t wait to read Brian’s new book!!!

@VictorAlves-pu4sq 16 дней назад

@@ScrubsandSavings21 I was excited to get mine the other day :)

@Niensbudget 18 дней назад

Hi ❤ great advice! You saved a awesome amount! 😊 7:40

@ScrubsandSavings21 18 дней назад

Thank you! Have a great day💞

@Tdc_97 17 дней назад

If you join the military you don't need to get student loans. Haven't used my GI Bill yet though.

@ScrubsandSavings21 17 дней назад

That’s true! It was just not the route for me :)

@Tdc_97 14 дней назад

@@ScrubsandSavings21 yeah it's not for everyone but it was more useful to me than college. I can get a better job with that experience than I could have if I finished my degree.

@DustinBrackett96 17 дней назад

Thats awesome keep up the good work. I had this money saved too when i was your age now im thirty life happened and i stopped paying my credit card off and ran through my savings quickly. I am now 20k in debt but working it down again. If i gad it to do over again i wouldve ripped the credit cards up the first sign of hard times and put my savings in cash under my mattress and acted like i didnt have any money to pay my debtors. Just something i wished i wouldve done figured id pass it on to younger people who may be facing hard times.

@ScrubsandSavings21 17 дней назад

Thank you for sharing your story!

@donaldlyons17 15 дней назад

Well you ever go over income minus expenses because that is usually the reason saving is even possible.... Yeah I always tell people I can show you my average yearly numbers and that will tell almost the entire story.... They don't need 7 minutes to know why either!!!

@ScrubsandSavings21 15 дней назад

Thanks for the tip! You can check out my monthly budget review videos to know the difference between my income and expenses :)

@katherinearias4152 19 дней назад

I’m 20 and I have 30,000 invested but I help my mom to paid rent 😔

@gioc610 17 дней назад

30,000 USD? That’s great? How did you save so much at such a young age?

@EricMoore790 18 дней назад

Awesome job! You are beautiful too!

@ScrubsandSavings21 18 дней назад

Thank you!

@Divyv520 18 дней назад

Hey Mia , really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth ! Pls let me know what do you think ?

@ScrubsandSavings21 18 дней назад

Thanks for the offer! I would love to outsource editing and thumbnails but I can’t afford it right now. Maybe when I make big girl money :)

@themichaelw 19 дней назад

Incredible. So disciplined. You clearly work very hard (3 jobs!) and exercise self-control in order to put yourself ahead. Ignore me (and I apologize) if this is too personal, bu do you ever think about how your finances will look when you get married? I'll share my plan first. Personally, I'm a fan of a simple prenup: x,y,z accounts/assets/liabilities are mine 100%. a,b,c accounts/assets/liabilities are hers 100%. Shared assets/liabilities will go into accounts j,k,l and will be split 50/50. Fun (not fun at all) fact: unless you have a prenuptial agreement stipulating how to handle debt, not only are assets split 50/50 in a divorce, but so are liabilities. So you could pay all your bills on time and then get saddled with 25k of your ex's 50k in credit card debt after a divorce.

@ScrubsandSavings21 18 дней назад

Hi! I plan on doing a prenup when I'm older, something similar to your plan :)