How to save 100k by the time you’re 30

I have spent a lot of time thinking about this. How do I have enough money to put a good deposit down on a house or to put into a new business venture all by the time I’m 30?

At 18 & 19 aim for €2000 per annum. That’s about €40 per week. A part time job alongside your studies, paying €100 per week should allow you to save €40.

When you are 20 and 21 you should have gained a bit more experience working (for me I was in a bar and got to work two nights a week at this age). This will allow you to save more. €67 per week. Easy 💪. This is based on the fact that you have little to no living expenses at this age.

At 22 and 23, you should starting your new ‘career’. This job should be paying a little bit more than the part time role you were doing during college. Here you should be looking to save €5000 per year which is a little less than €100 per week.

At 24 we expect you to get your first small pay raise (or receive your first bonus depending on the type of role you undertake). This year aim to put away €7500.

For the ages of 25 & 26 aim for €10000 per annum. That’s nearly €200 per week. This is a lot of money so it is imperative that you work extremely hard in the early years of your career in order to work your way up the ladder.

At 27 aim for €13000 per year. This is €250 per week. At this stage you should be earning around €50000 which is around €700 per week after tax, depending on where you live. Keep your expenses low and this is achievable.

Finally when you are 28, 29 and 30 aim to save €15000 per year which is €288 a week. You should be on around €50-60k by then which will allow you to do this.

3 Tips

1. Don’t finance anything or sign up to many paying subscription based products.

2. Live with roommates / parents. Keep your life cheep. Short term pain for long term gain.

3. Work hard in your job so you become more valuable to your employer and therefore are paid more. Start a side hustle.

Change your life in a Month

The Happiness Advantage

  • Write a Gratitude List (3 things you are greatful for)
  • Journal (Something good that happened to you today)
  • Exercise
  • Meditate
  • Random act of kindness

Try doing these simple tasks for a month and see does it make a difference for you.

Positive people are happier and happy people outperform always.

Watch Shawn Achor’s Ted Talk below..

Ted Talk – The Happy Secret to Better Work

The Secret to Personal Growth as a Leader … George Raveling

Someone asked me what has been one of my most significant challenges throughout my life. My response was to live a disciplined life. Much of our personal behavior is predicated on how we view the world. We tend to prefer information that confirms our existing beliefs. We like to believe adding new processes, policies, procedures, and habits will transform our lives without retiring old mindsets and ways of living that no longer serves us. When you add anything in life, you must subtract somewhere else. Each day you must be brutally honest with yourself as it relates to who you are, what you want, what you need and how you serve others. The challenge is not just to do good in life, but to be good and at peace within.

There is no better use of a life than to be attentive to other people’s needs. I have come to realize that everyone is always in need of something that another person can give. Be it undivided attention, a kind word or deep empathy. The reality is this, most of us spend more time following than leading. More than ever we desperately need sterling leadership. The fundamental characteristic of leadership is the ability to manage oneself. The secret to personal growth as a leader is always to remain curious. A great way to learn is to teach. Learning happens when you acknowledge what you do not know. When one teaches, all parties end up growing and winning.

Self-imposed fears and your unwillingness to be uncomfortable will always present barriers to your success and leadership. Your choices always have real consequences. So do not hide your best self from others. Understand anything that deviates from the status quo is frightening but worthwhile. On your journey of self-discovery you will be taken through front doors, back doors, side doors, and no doors. No matter what lies ahead keep moving forward and never give up!


– Coach George Raveling 

10 lessons in how to build your professional network…

A Twitter thread by

@davidspinks

🤝

1. Build community. There’s no better way to improve your reputation in a field than to be the one bringing people together.

Offline is key: Host events. Big or small. Conferences, meetups or dinners all work.

2. Do great work. If people recognize the work you do before they meet you, they’ll respect you a lot more.

The best connections you’ll make are with the people you work with directly. Choose them wisely.

3. Support people at the same stage as you.

I used to wonder how all these successful people knew each other and would ALWAYS promote each other. It’s because they came up together. My most valuable connections are ppl I became friends with 5-10 years ago before they “made it”.

4. Close the loop when people help you.

If you get advice, follow up later to thank the person, and let them know how it went.

If you get introduced to someone, or make an introduction to someone, follow up and thank them after the meeting.

5. Help every chance you get. The ability to help others is a privilege. Constantly build good karma but giving, with no expectation of returns.

6. Participate in intimate events. Choose the smaller coworking space. Attend the smaller dinners. Join the smaller online communities. Smaller groups will give you a chance to develop deeper relationships.

7. Write consistently. Share what you’re learning along the way. Tweet, blog, video, whatever your format, just keep sharing. Writing a book is the ultimate reputation booster.

You’re never too young to write a book (see: https://t.co/7Og05aeHAA by @erickoester)

8. When you go to networking events, try to talk to less people, for more time. One or two deep conversations are exponentially more valuable than ten quick conversations.

9. If your industry has a big hub in a city, live there for some time. This isn’t going to be possible or easy for everyone, and it’s becoming less important, but it’s still extremely valuable.

The serendipity of running into people in SF has been huge for me.

10. Be transparent in your work, writing, and conversations.

Transparency makes people feel like they know you better, like they can trust you, even if they’re just following you online. It brings them into your journey.