In this episode, we talk about Jerone Gillespie, a 23 year old Millennial making $25K a year and still saving $10 A year on that salary! This was a perfect example for us to show our listeners that if Jerone can save money, anyone can! Check out his video: (https://youtu.be/KqhW5G7sbtQ)

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Show Notes:

• Jerone Gillespie, 23, earns $25,000 a year between driving for Uber and Lyft and working in a tax preparation office. When the pandemic hit, Gillespie stopped driving for Uber and Lyft to keep himself safe, and he relied solely on his tax job for income. He earns $14.50 an hour as the manager of the tax office.
• Jerone’s Monthly Budget $1,282:
  • Housing $823 - Sharing with one roommate, has wifi and electric included
  • Food $200
  • Phone $67 - Personal and business
  • Misc $58 - Clothing and personal care
  • Gym $40
  • Transportation $30 
  • Subscription $24
• Uses G-sheet to track his expenses. Has an actual I/S and BS.
• Jerone Tries to save $10,000 a year
• Changes his mindset to have never less than $100 in his bank account
  • Learned about ROTH IRA from Graham
  • He has $4,500 in his ROTH IRA
    • Used $8,000 to pay student loan debt
  • Had around $13,200 in his brokerage accounts like robinhood
• He took out an emergency loan of $20k. He invested that since he can make more than 3.75% a year.