Summary List Placement
Sharon Tseung graduated from the University of California, Berkeley with a bachelor’s degree in 2012. Her first experience working a 9-to-5 job was right out of college at age 21, as a marketing coordinator making $30,000 a year.
“When I first started working upon graduation, I was shocked that adults just do this every day until they are 60,” Tseung said.
A couple of years later, she was able to take a month-long vacation to Europe. During that trip, Tseung decided to figure out how to achieve a level of financial freedom that would give her the flexibility to choose how to spend her time. The thought of driving to the same place every day, looking at the same four walls, and doing a job she wasn’t super passionate about was a situation she didn’t want to be stuck in for the rest of her life. She began thinking of alternate ways to make more money outside of her day job.
Shortly after returning from Europe, Tseung began investing and using her skills to build multiple sources of passive income. This year, at age 30, she reached a million-dollar net worth, according to records viewed by Insider.
Although she can live off her passive income, she chooses to keep her job because she enjoys it and so she can continue to use her income to grow her wealth. She now teaches others how to manage their finances, invest, and build passive income through on her blog and her accounts on YouTube, TikTok, and Instagram.
Below, she shares the four main steps she took to reach her goals.
1. She kept her expenses minimal
When she was making $30,000 a year, or roughly $15 an hour, she refrained from spending on anything that wasn’t necessary, like clothes, bags, or eating out. Every time she wanted to make a purchase, she would think about the number of hours she had to work to be able to afford it. This helped her determine whether spending money on a product or experience was worth it.
She also decided to live with her parents until her mid-20s rather than move to the city like many of her friends. This allowed her to save money on rent. She bought a used and affordable car so she wouldn’t have to finance one.
“What many people don’t realize is that a new car loses value as soon as you drive it off the dealer’s lot. I decided to purchase an affordable but safe $6,700 used car with all cash so I didn’t have to get a loan on a depreciating asset. I love this car because it allowed me to save more money to invest, and I don’t worry about getting scratches on my car,” Tseung told Insider.
Tseung eventually moved out at 27. But she still wanted to keep her living …read more
Source:: Business Insider
GRAMMYS 2021: Watch Doja Cat’s ELECTRIFYING Say So Performance
Doja Cat took fans to the future with an electrifying performance of her smash single ‘Say So’ during the GRAMMYs, which aired Sunday on CBS. For the 25-year-old singer’s debut appearance at the GRAMMYs, she delivered impressive vocals and fierce choreography. ET spoke with Doja on the red carpet ahead of music’s biggest night, where she explained what it felt like to attend her first-ever GRAMMY Awards.