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I was looking at my finances recently and I realized I saved over 100k. So, I want to look back at all the things I’ve done since I got my first ever job when I was 16 to see how I was able to do it. Hopefully from that, you’ll learn from my experience.
Also, something I forgot to mention in this video: I don’t have any student loan debt from my time studying mechanical engineering at the University of Waterloo. That’s because I was frugal with the money I made during my coop/internships, so I could use it to pay for my university tuition. Plus, I applied to a ton of grants and bursaries that helped tremendously! Timestamps are as follows:
00:00 Intro
00:44 Car Finesse
02:41 Reduce House Expenses
03:25 Save on Big Expenses, Not Small
04:15 Reduce Food Expenses
04:49 Keeping My iPhone
05:57 No Alcohol/Drugs
06:32 Negotiating My Salary
07:25 Side Hustles
09:15 Make More Money
10:22 Beware of Lifestyle Creep
11:18 Never Buy Things on Sale
12:11 Look for Positive ROI
12:25 Use Credit Cards
13:02 The 2Day Rule
13:18 Avoid After Pay
13:54 Never Live Paycheck to Paycheck
14:18 My Money Rules of Thumb
The Excel Doc Mentioned in the Video: https://docs.google.com/spreadsheets/...
My Engineering Notes to Prepare for Technical Interviews:
https://shop.tamerxi.com/b/0a93G
MY SOCIAL MEDIA:
Instagram: / tamerxi (feel free to DM me!)
LinkedIn: / tamershaheen (feel free to connect!)
Twitter: / tamerxi (new account, feel free to tweet @ me!)
Email: [email protected]
ABOUT ME:
My name is Tamer Shaheen and I am a recent mechanical engineering graduate from the University of Waterloo, currently working as a Mechanical Design Engineer. I like to make videos about university/college, engineering, and personal development. Thank you so much for watching!