Uploaded August 2019 | Updated September 2026, 2 weeks ago
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My personal finance story: How I reached $500,000 net worth in my 20s
FAVORITE FINANCE APPS:
Best savings account: geni.us/Betterment
Long-term investing: geni.us/Wealthfront
Stock investing: geni.us/qZkq
Budget: mint.com
Credit score: creditkarma.com
Business accounting: waveapps.com
Track business miles: geni.us/Stride
Customer invoicing: paypal.com
LEARN PERSONAL FINANCE & BUSINESS:
I Will Teach You To Be Rich (Amazon) geni.us/IWTYTBR
Think & Grow Rich (Amazon) geni.us/NDCyo
How To Win Friends & Influence People (Amazon) geni.us/Qdeifc2
Smart Passive Income: smartpassiveincome.com/podcasts
Listen Money Matters: listenmoneymatters.com/show
Dave Ramsey: daveramsey.com/show/podcasts
Personal Finance: reddit.com/r/personalfinance
Financial Independence: reddit.com/r/financialindependence
FS: financialsamurai.com
NW: nerdwallet.com
MMM: mrmoneymustache.com
STAY UP TO DATE:
Subscribe: geni.us/AndySlyeYT
Instagram: instagram.com/slye
Twitter: twitter.com/slye
These are my best #PersonalFinance tips I live by along with my favorite finance apps & my top learning resources so that you can hopefully build your net worth and live a more financially secure life.
1: Take advantage of software
Apps have made personal finance easy. Almost everything now, even money, is digital so to optimize your money you should take advantage of the useful apps (usually free). I use Mint for budgeting, Chase for mobile banking. For investing I use Robinhood, Betterment & Wealthfront. I use CreditKarma for my credit score, Wave for business accounting software & PayPal for customer invoices. I also use LastPass to manage my accounts & passwords.
2: Keep learning about finance
Education is crucial to building net worth, and the best thing about personal finance advice is that you can customize it to your own situation. Everyone has their own rules so what I try to do is design my financial life using my favorite guidelines from different experts. The sooner you start learning about the foundations that make up a solid personal finance plan, the quicker you’ll increase your net worth. Read books, listen to podcasts, take courses, just keep learning.
3: Start earning/saving/investing as early as possible
My first job was at 17 as a lifeguard that barely paid minimum wage. At 19 I started working a part time job in my career field while I was still a full time college student. Luckily that position included benefits such as pension & 401k. I wouldn’t be where I am today if I hadn’t applied for that job and taken advantage of the perks that came with it. Try as early as possible to start earning, saving, and #Investing even if it's just a little at the beginning, as long as it’s something it is always much better than waiting.
4: Avoid debt
My net worth is broken down like this: Half of it is real estate & physical assets, and the other half is cash & investments. None of it is debt because I hate debt. I personally avoid it at all costs. I decided to save money for years to pay off my house & car but had I instead invested that money I most likely would have a higher net worth right now, but I prefer having the peace of mind of being debt-free. It’s ok to need a loan for something as long as you have a plan and the ability to pay it off within a reasonable amount of time.
5: Maximize your income
The biggest factor that led to my high net worth at a relatively young age is the extra money I made in my spare time. Not only did I increase my income at my day job, but my biggest income boost came from when I started earning money on the side. I started doing YouTube videos and not too long after that I started my own videography business. By working hard in my spare time to create extra income I was able to exponentially increase my net worth. Find out what you’re good at, learn about business, utilize the internet, and do things that can earn you extra money. If you’re at a day job then learn how to increase your salary.
6: Minimize life's biggest expenses
There are 5 potential things in life that will cost you the most #Money - House, car, college, wedding, and kids. Try to take each one of those decisions very seriously and be patient with them. As for monthly expenses, I like to look at Mint each month and use the 80/20 rule to see the 20% of my purchases that make up 80% of my total expenses then try to decrease those as much as possible. Decreasing the biggest expenses will make the most difference in the long term.
Share! youtu.be/hGYUG-n7kyw
As an Amazon Associate & partner for other affiliate programs I earn from qualifying purchases
Royalty-free music:
Song of Mirrors youtube.com/audiolibrary/music
(Sponsored by LastPass) Click here to get the best password manager for free: lastpass.onelink.me/HzaM/2019Q3AugustAndySlye
My personal finance story: How I reached $500,000 net worth in my 20s
FAVORITE FINANCE APPS:
Best savings account: geni.us/Betterment
Long-term investing: geni.us/Wealthfront
Stock investing: geni.us/qZkq
Budget: mint.com
Credit score: creditkarma.com
Business accounting: waveapps.com
Track business miles: geni.us/Stride
Customer invoicing: paypal.com
LEARN PERSONAL FINANCE & BUSINESS:
I Will Teach You To Be Rich (Amazon) geni.us/IWTYTBR
Think & Grow Rich (Amazon) geni.us/NDCyo
How To Win Friends & Influence People (Amazon) geni.us/Qdeifc2
Smart Passive Income: smartpassiveincome.com/podcasts
Listen Money Matters: listenmoneymatters.com/show
Dave Ramsey: daveramsey.com/show/podcasts
Personal Finance: reddit.com/r/personalfinance
Financial Independence: reddit.com/r/financialindependence
FS: financialsamurai.com
NW: nerdwallet.com
MMM: mrmoneymustache.com
STAY UP TO DATE:
Subscribe: geni.us/AndySlyeYT
Instagram: instagram.com/slye
Twitter: twitter.com/slye
These are my best #PersonalFinance tips I live by along with my favorite finance apps & my top learning resources so that you can hopefully build your net worth and live a more financially secure life.
1: Take advantage of software
Apps have made personal finance easy. Almost everything now, even money, is digital so to optimize your money you should take advantage of the useful apps (usually free). I use Mint for budgeting, Chase for mobile banking. For investing I use Robinhood, Betterment & Wealthfront. I use CreditKarma for my credit score, Wave for business accounting software & PayPal for customer invoices. I also use LastPass to manage my accounts & passwords.
2: Keep learning about finance
Education is crucial to building net worth, and the best thing about personal finance advice is that you can customize it to your own situation. Everyone has their own rules so what I try to do is design my financial life using my favorite guidelines from different experts. The sooner you start learning about the foundations that make up a solid personal finance plan, the quicker you’ll increase your net worth. Read books, listen to podcasts, take courses, just keep learning.
3: Start earning/saving/investing as early as possible
My first job was at 17 as a lifeguard that barely paid minimum wage. At 19 I started working a part time job in my career field while I was still a full time college student. Luckily that position included benefits such as pension & 401k. I wouldn’t be where I am today if I hadn’t applied for that job and taken advantage of the perks that came with it. Try as early as possible to start earning, saving, and #Investing even if it's just a little at the beginning, as long as it’s something it is always much better than waiting.
4: Avoid debt
My net worth is broken down like this: Half of it is real estate & physical assets, and the other half is cash & investments. None of it is debt because I hate debt. I personally avoid it at all costs. I decided to save money for years to pay off my house & car but had I instead invested that money I most likely would have a higher net worth right now, but I prefer having the peace of mind of being debt-free. It’s ok to need a loan for something as long as you have a plan and the ability to pay it off within a reasonable amount of time.
5: Maximize your income
The biggest factor that led to my high net worth at a relatively young age is the extra money I made in my spare time. Not only did I increase my income at my day job, but my biggest income boost came from when I started earning money on the side. I started doing YouTube videos and not too long after that I started my own videography business. By working hard in my spare time to create extra income I was able to exponentially increase my net worth. Find out what you’re good at, learn about business, utilize the internet, and do things that can earn you extra money. If you’re at a day job then learn how to increase your salary.
6: Minimize life's biggest expenses
There are 5 potential things in life that will cost you the most #Money - House, car, college, wedding, and kids. Try to take each one of those decisions very seriously and be patient with them. As for monthly expenses, I like to look at Mint each month and use the 80/20 rule to see the 20% of my purchases that make up 80% of my total expenses then try to decrease those as much as possible. Decreasing the biggest expenses will make the most difference in the long term.
Share! youtu.be/hGYUG-n7kyw
As an Amazon Associate & partner for other affiliate programs I earn from qualifying purchases
Royalty-free music:
Song of Mirrors youtube.com/audiolibrary/music
