PLEASE WATCH THE 5 MINUTE VIDEO 1ST BEFORE READING THIS SECTION
Having NO PLAN after college and you could be in $100,000 debt by age 30.
You buy what you want, when you want, for many different reasons. You will learn the skill of smart buying when you take this class.
This graph shows that there are 2 main possiblities after college.
Buy the things that you have always dreamed about about and be in debt by age 30
Buy MOST of the things that you have always dreamed about about and save a lot by age 30. This skill takes a lot of practice to learn.
Why is saving $100,000 by age 30 so important?
- SAVING $100,000 by 30 can change your life!
- So that you never worry about money again.
Who benefits the most from saving $100,000 by 30? People who ordinarily would save very little by age 30, such as the following:
- HS Students with average-low grades
- 2 year degree College graduates
- College graduates with a 4 year degree, with a low income major
HOW MUCH DO I NEED TO SAVE BY AGE 30, OR IN THE NEXT 10 YEARS?
How much do I need to save by age 30?
Is for ages of approximately 15-23, who have enough time to save what they need by age 30.
How much do I need to save in the next 10 years?
If you are older than approximately 23 and older, the odds of saving $100,000 by age 30 are difficult. So the class will solve how much you need to save in the next 10 years, so that you never have to worry about money again.
IS ALL CONVENIENCE BUYING IS A LOSING PROPOSITION?
Our society is built around convenience.
Think of how much money you lose every year on convenience?
In this course we will calculate how much that is for you.
Are there some stores where you save a lot of money and it's very convenient?
WHY IS RESEARCH AND PERSONAL VALUE IMPORTANT?
Generally the higher cost of what you are buying the higher the value is of your personal research. Think of a car, a college education or a house. Getting a high value, low price item, can change your life.
But you can learn the value of personal research on inexpensive items first and that is what the 100by30 learning process is all about.
WHAT IS THE BASIC OR REAL VALUE OF THE THING WE ARE BUYING?
When shopping for the car we learned that there are more things that we are buying in addition to convenience.
What are those?
What are we really buying in addition to convenience? Transportation?
How much are all those things worth to us that are in addition to transportation.
WHAT ARE THE OTHER THINGS THAT WE ARE BUYING IN ADDITION TO THE CAR, THAT MAKES THE PRICE GO UP ?
You may be thinking that is a stupid question. I go to the dealer, sign a few forms and drive away.
What are those forms? Why do I have to sign them?
How many additional things are we really buying in addition to transportation? Are there 5, 6, 7 additional things?
If we are buying a college education or a house, what are there additional things that we are buying?
WHY DO MOST YOUNG PEOPLE FIND IT HARD TO SAVE MONEY?
When they make more money, they spend more money.
As their income goes up, (the green), their spending goes up (the Blue) and their savings (the purple) are almost zero.
Are they buying more wealth or more debt?
How long are they happy with their new purchases?
HOW DO THE 17% OF MILLENIALS SAVE $100,000 BY AGE 30 ?
They have already learned the art of low cost, high happiness, 100by30 spending, althought they wouldn't call it that.
As their income goes up, their spending stays almost the same, so that their income increase can go mostly to their savings.
HOW DO THE 100by30's save $100,000 BY AGE 30?
Having consciously lived the 100by30 spending lifestyle for 6mo - 1 year, they have mastered low cost high happiness spending.
Their income (the green) does not change, but they are still able to lower their spending (the blue) and increase their happiness. As a result their savings go up (the purple).
Even if they are buying a college education, a house, travel or a car, they are able to spend less and save more.
How do the 100by30's TRACK THEIR PROGRESS ?
When you learn any sport there are good days and bad days.
But when you track your progress, you can see that there are bad days, when your skills are off, but overall when looking at your progress over months, there is an upward trend.
That is why we track your progress, so that you don't lose track of the big picture and get discouraged when there is a setback in your progress.
How do the 100by30's TRACK THEIR HAPPINESS ?
Learning any sport is similar to learning to have more happiness with your spending in general. You are happier because you are more in control of your life long term.
So in a similar way to tracking your progress, you also track your happiness. You will see a similar trend in the ups and downs in your happiness level as you do in your 100by30 skills.