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The video discusses strategies to save $10,000. It emphasizes that it is possible to achieve this goal even on a lower salary. The key points include: knowing your why, breaking the goal into smaller monthly or bi-weekly targets, budgeting, cutting expenses, boosting income through additional jobs, automating savings, reflecting and adjusting, celebrating milestones, and putting money in a high-yield savings account. The speaker encourages resilience and dedication to reach the goal. Alright, let's do our first practice run video all the way through. Let's start with how to save your first $10,000. Now I know $10,000 might sound like a very taunting number, but trust me, it's not as difficult as you think. It might take some time, it might take a year, it might take two years, but you can do it. You can save $10,000 even on a lower paying salary. Let me tell you, let me show you how. I promise you it's not as hard as you think, but there are some things that you're going to have to do in order to get this $10,000 saved. It's not easy and it's going to take a lot of sacrifice. Let's get into it. First, you need to know your why. Why do you want to save $10,000? Is it for your kids? Is it for an emergency fund? Is it for a vacation? Is it for a car? You need to know why it is that you want to save this $10,000. That will motivate you even more to get to that goal of saving $10,000. Break it down. Break your $10,000 goal down into bite-sized chunks. You can't eat a whale in one bite. You've got to break it down. You've got to cut it up. Break it down to monthly goals, bi-weekly goals, weekly goals, daily goals. I would recommend you break your $10,000 down into bi-weekly goals. For example, bi-weekly is $384. That means every two weeks you need to save $384 to your account. I'm going to tell you where to put this money later in the video, but save $384 bi-weekly to every two weeks. By 12 months, you'll have $10,000 saved. Budget like a pro. Guys, you have to budget. If you don't know what a budget is, I will be creating a video on how to budget, but you have to budget. Basically, budgeting is setting a number for the amount of things. Basically, setting a number for how much you need to spend in a month. That is a budget. You budget how much you spend on groceries. What's your number? $300, $400. Budget how much you spend on gas. What's your number? $200, $100. Budget how much you spend on bills. What's your number? $200. You keep going down the line. Your minimum, your worst case, I would do your minimum amount that you can spend on a certain amount of things. How do you budget? It comes back on expenses. I listen to this guy, Ramit Sethi. I don't know if you guys know him. He explains you have to cut mercilessly on things that you don't enjoy and spend on things that you do. If you get pressured to go out with your friends, but you really don't enjoy it, don't do it. Cut it out. Cut back on expenses. Don't spend so much money. Cut on money. Cut your expenses and save money. If you really want to do this goal, you have to be focused on it. You can't just dabble in it if you're going to save $10,000 within one year. You need to really be focused on this. Once you save $10,000, you just skyrocket to wherever you go. You can do whatever. You can save as much as you want. Boost your income. One thing that I did to save $10,000, I got two jobs. I wanted to buy this house that we're in right now. I was working a security job. I said, I need to make more money. Not to live, but to save. I wasn't able to save a lot of money just working security jobs. I had an apartment. I had a wife. I had a fiance. I didn't have much expenses. I had an apartment. I can't really save much with an apartment. I got another job. I worked at Walmart. On my off days, I worked at Walmart from 4 to 1. With my Walmart paycheck, I saved the whole thing. Put that in a separate savings account. High yield, of course. Then every month, I would just keep transferring money over there. Before I knew it, I had $10,000 to put down for this house on an FHA loan. That's how it worked. That was maybe a year of saving. Maybe a year. I ended up saving some money for my original job, my first job. Get another job. Make more money. Get motivated. Like I said, know your why. Your why will motivate you. Save strategically. Automate your savings. Your money should go straight from your account to your savings. Look into your HR. Ask them, how do I automate my savings? How do I allot money from my paycheck to my savings? The money can go automatically in there straight from your account to your savings. Reflect and adjust. I don't want you to kill yourself. If you need to lower your saving rate, do that. If you're able to make it even higher, do that. You need to be able to reflect on what's going on right now. This is just practice. Celebrate your win. Celebrate your 1,000 markers. Celebrate your 5,000 markers. Celebrate your 7,000 markers. Celebrate every $1,000 fee. This is a huge deal. In the U.S., a lot of people aren't able to even take care of $1,000 from a $1,000 expense. Celebrate that. Celebrate that you were able to save $2,000. People can't even save $1,000. Celebrate that you were able to save $10,000. People can't even save $1,000. You're doing it. You're doing a great job. Keep it up. If you're at $5,000, congrats. If you're already saving $10,000, if you have more than $10,000, if you have more than $10,000, please comment below and tell us how it makes you feel. Do you feel good? Dedication, smart money, and management. You can save $10,000 quick like I did, like a lot of people are doing. Keep pushing forward. Stay resilient and watch your savings grow. Also, make sure you put your money in a high-yield video account. I recommend Ally Bank. I hope you guys enjoyed the video. Please subscribe. Follow for more content because we'll be dropping videos every Wednesday. See you in the next one.