How To Save $50,000 Per Year For Financial Independence

Whether you're pursuing financial independence retire early or not, a high savings rate is going to get you to where you're going faster. The side benefits from saving more money go beyond just having a larger bank or investment account. I've found that it gives you a lot more freedom in every other area of your life. Who doesn't want more of that? In this video, I go through the things that I'm doing in my life to achieve an 83% savings rate. This is an extremely high amount so if you're nowhere near the same number then don't feel discouraged. I had a 3% savings rate at one time, but have taken the proper steps to build it up to this amount over time. It's really not difficult- all it takes is a few small changes, compounded over time, to be able to increase your savings rate to a number you'd never expect. Check Out My Recommendations (It helps support the channel): 🔥 M1 FINANCE Investing- Free $10 (once you deposit at least $100 within 30 days) https://bit.ly/427KBBn 📚 Here's a video on how to use M1 Finance https://youtu.be/kEOS-w21U3c 📝 NewRetirement - The retirement planning tool I personally use to make sure I'm on track with saving for retirement. It's perfect for "Do it yourself" investors https://bit.ly/3EAAhrJ 🔒 AURA - 14 day free trial to see if your personal information has been leaked online and have it removed https://aura.com/jarrad 📝 Empower - Free Net Worth Tracker https://bit.ly/3NUNtwq 📧 Business Inquiries: JarradMorrowYT@gmail.com YOU'LL FIND THESE PLAYLISTS HELPFUL: 🏆 Financial Independence Retire Early Playlist: http://bit.ly/2PO7RCa 💵 All Things Investing Playlist: http://bit.ly/2NExPFT 📕 Learn How To Budget Playlist: http://bit.ly/2ps5LgT 📲 Follow me on Instagram: http://bit.ly/2vazxXf Affiliate Disclaimer: Some of the above may affiliate links. Support the channel by signing up or purchasing through those links at no additional cost to you. I appreciate you for helping me keep this channel running Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.