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I want one million dollars in my saving account. I mean who doesn’t so below is my story and why I decided to start my million dollar journey.
My Husband and I have joint goals when it comes to our finances, but then we also each have our own personal goal.
One of my personal goals is that I want one million dollars in my saving account.
This million dollars would be on top of what I am saving in my 401K and emergency savings.
Since in the beginning big goals like this seem impossible and a lot of people see them as nice to have if it happens. I figured I would share this goal with everyone to keep me accountable and so you can see how I did it.
My Million Dollar Journey
- I started by opening an ALLY saving account that earns a 1.15% interest. This way my money can grow while I save. This will help me reach my goal faster.
- I set up auto transfers from my checking account into my Ally savings account. I set this up to transfer $500 every other Friday when I get paid from my 9 to 5. You can learn all these tips and tricks by reading The Automatic Millionaire by David Bach.
- Along with my 9 to 5, I also have a part-time job that I work a few hours a month. I took my last paycheck from my part-time jobs and transferred the money over into my Ally Savings account. It’s not a lot of money but every penny helps.
August 2017 – Journey to One Million Dollars
Ally Savings Account – $7,142.26
Over the next few months I want to do more research on side jobs and different investment opportunities to grow my savings account to one million dollars.
I would love to hear about your money saving journeys. Contact me and share your story.