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How entrepreneur Tori Dunlap saved $100,000 and give up her job by 25
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How entrepreneur Tori Dunlap saved $100,000 and give up her job by 25 

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Having an emergency fund needs to be a cornerstone of your private price range.

Consultants advocate that it’s best to have no less than three months of bills in financial savings to deal with unexpected circumstances. However how a lot cash must you save earlier than you deliberately give up your job? That could be a more durable query to reply.

For Tori Dunlap, founding father of the woman-focused financial-education firm Her First 100K, the quantity was $100,000.

Extra from Put money into You:
That is how a lot it’s best to price range on meals and housing should you make $50,000 per yr
This 23-year-old entrepreneur made thousands and thousands on Amazon and Walmart
Right here’s tips on how to save $1 million for retirement on a $60,000 wage

Dunlap landed an entry-level advertising and marketing job after graduating faculty and shortly realized that the company life wasn’t for her.

She set a objective of saving $100,000 by the point she turned 25 and began a private finance weblog. Her financial savings grew, as did the variety of her weblog followers. By the age of 25, Dunlap hit that monetary objective of hers and have become a full-time entrepreneur.

Watch this video to be taught the 4 steps Dunlap suggests everybody ought to take to construct a security web of their very own.

SIGN UP: Cash 101 is an 8-week studying course to monetary freedom, delivered weekly to your inbox. For the Spanish model Dinero 101, click on right here.

Disclosure: NBCUniversal and Comcast Ventures are traders in Acorns.

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