Hi everyone, I hope you all had a killer Monday! In this video, we speak about the mindset I crafted over the past couple of years to be able to save my first $50k. What are things that have helped you increase your savings rate? Comment below!

Saving is hard! When I was working part time while I was in school, I barely saved $100 monthly but pushed through it. Once I started working full time and still living with my parents, I was putting 50% of my income to my TFSA that was invested in ETFs and some stocks. I reached my $50K goal and currently looking to spend some of that on my down payment for my first condo! 🎉 Great video!

One of my clients bought his first rental property (and his first house EVER) when he was 24. He lived with his parents, worked upwards of 3 jobs and rarely went out with friends. That sounds intense, but now, 3 years later, he owns 5 properties and is a full time real estate investor. He put the effort in to save up for a down payment and it's paying off. Great video, Griffin.

I went from compulsive spender from compulsive investor. My mindset has changed for life. In the past few months, I managed to invest above 40 % of my income. June was my best month with 57 % invested.

It’s not about how much money you make, it’s about how much money you can keep ! 🤞🏾💰

I made 55k in 2020 and I saved 10k. This year I'll gross about 65k and have saved and additional 20k just in the first half of this year. Really a mindset. Once I hit 10k in the bank it made me "greedy" seeing that and now I'm on a mission.

I like the 50, 30, 20 rule where your savings is greater than your expenses/needs. The easiest way is set up automatic savings.

I just got a high school teaching position in Saskatchewan and one of the classes I will teach is a Communications class that revolves around Financial Literacy! I'm so pumped! Your videos will be shown in my class FYI.

I don't set goals for the amount I wish to save, but rather I split up my income as it comes in. Usually, I save 50%, invest 20% and allow myself to spend 30% on necessary monthly expenses. This has been working for me because I'm 20 and am living with my parents so my expenses are not that high.

IV only just started saving for the past 2 mounts and I'm just on 3.6k ATM. It's is hard and I have made sacrifices but I think the key is consistency. Save more then what you spend

because there is no real wage inflation , so its hard for most people to save anything at the end of the month , unless your a minimalist ,total cheapskate, live with room mates , live with parents etc.. lol...

we're saving 34% of our take home pay! :)

Hi Griffin, nice content. You inspired me to start investing at stock market last year and now have 30k savings. Do you think it is a good strategy with the current low mortgage rates to refinance and invest that yields more than the interest? Is this risky. I watched your real estate investing which very informative. Thank you!

Great stuff griffin !

But what do you with your 50k once you have it saved. I'm 22 no debt jus fin college with 50 k in my savings and no clue wht do to

I’m only 15, and your videos really help me on savings and all that stuff! I am trying to start saving for future things! Thank you 🙏

I agree with your statement that high schools and universities don't teach people about saving. I am a stock market pusher myself and a college teacher too. Everyone in my department is on board with stocks now, but they only know what I tell them and that isn't the way to do your research. Keep up the good work sir and keep it bullish.

Many people have a hard enough time working a 40-hour a week job let alone doing side hustles so for some working at a 40,000 a year job before taxes, there isn't much left over and that is with being frugal. so 50,000 in savings is not really conceivable for the average person treading water at a regular job after living expenses and even driving a cheap car. But, it is important to save even if it's just $20 a week.

Been few since I've visited the channel but nice to get back into an investing mindset. Just recently graduated and got a big promotion at work so now pretty grateful to be able to save 50%+ of my income. Looking now at starting that side hustle.

Do you consider TFSAs as savings or investment as it is money that can be accessible of needed. If not where do you keep your savings if not in the 1% interest accounts, thanks for the great content. Cheers!