Saved £50,000 over 4 years with 3 simple rules. Now he has two homes and is only 27 years old.
Selfstyle’s ‘Best in Career and Life’ ditched tips for saving £50,000 in four years.
knowledgeable about money Kenny revealed that he had a three-step strategy from starting work when he was 21 until he was 25.
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Chatting tick tockshe revealed that she “doesn’t do anything special” to save money.
But her method is consistent and doesn’t get caught up in what she calls it.”lifestyle inflation“.
Kenny began by saying:
“And as you keep buying properties, the money keeps growing, so make sure you have enough money to buy a second property.
“To be honest, I didn’t do anything special.”
Compliance officers don’t listen to the advice of online “personal finance gurus”, they don’t drink coffee and Netflix membership Saving.
She explains:
“There are three main things.
“The first thing is to pay yourself.
“At this point I was about 21 and had earned £28,000.
“I cut my salary in half each time.
“Even if I had to touch the money, I owe myself money right now and I’ll pay it back next month.”
Kenny’s second tip is “choose a high-paying job” And if I can get a better salary elsewhere, I will move out of the company.
But she told her that she got more salary fancy bmw That has given rise to “lifestyle inflation”.
Kenny explains:
“So after a while what I did was… I was like, ‘I’m selling this.’ BMW‘.
“I was paying £300 a month for it, and I didn’t save much.”
Selling the car allowed her to avoid lifestyle inflation and keep her monthly expenses down. That meant she could invest more in her savings.
Kenny then bought a cheap car to match his savings goals.
She wrote in the caption that she hopes the video will inspire people with 9-to-5 jobs who feel they can’t save.
Another key to her savings goal was living with her parents as long as possible.
Kenny’s video resonated with thousands of people.
In total, it has over 220,000 views and 26,000 likes.
