26M, Finally reached my first 100k!
From having 0 savings this time 2 years ago to reaching my first 100k this month! I do believe that staying disciplined and mindful of how I spend my money really was the key.
Heads up, I didn’t include Pagibig and Stocks to my net worth. I also didn’t include the 12k credit card debt that I’m about to pay this month. But still, this is a huge milestone for someone like me who didn’t come from a rich family and would not ask for stuff from my mom when I was a kid as I was shy and didn’t want my mom to spend money on non-essential stuff.
I am a registered healthcare professional but I didn’t work as one as I only treat it as my fallback due to low salary and high workload. I also don’t have plans yet on working abroad.
For context, I have 2 jobs right now, I work in an LGU and I have a sideline of being a product photographer and videographer of a certain restaurant. Work is super chill, I only work for about 10 hours per week and I earn around 33k per month (Including LGU benefits). Monthly expenses include transportation (gas), internet, dog food, electricity, and monthly personal allowance. I still live with my mom since it’s just the two of us. My mom works as a Regional Head for a bank right now so I can say she played a huge part of this achievement as she handles most of the expenses in the household without pressuring me to contribute.
My financial roadmap includes building my stocks account in a few months after finalizing my emergency funds and continue building my savings accounts. I’m also planning to open a separate MP2 savings account.
I’m also starting a construction business which I’m not shelling out any capital yet until I gather more connections and opportunities.
Lastly, with my current setup and financial planning, I’m projecting to reach 250k by December this year (Major contributor is my work in the LGU).
Even with this milestone, I’m still a long way from achieving what I want. Any advice would be appreciated and I look forward to hearing your stories as well! Feel free to ask any questions and I’d be glad to answer them.