Shanil Issa created a strategy after graduating from college that allowed him to save over $100,000 and become debt-free in 4 years. His first strategy was to truly evaluate needs vs. wants so that he wasn’t spending money on anything unnecessary. Another way to evaluate spending is to calculate the number of hours you would need to work in order to pay for something. He also read books and followed advice from financial experts. His current goal is to retire early.
Key Takeaways:
- Shanil Issa took a management job at Amazon after college and began saving money and living frugally.
- When considering a purchase, Issa thinks about how many hours of work it would take to earn the money to pay for it.
- Financially, he was inspired by a grid demonstrating how saving early in life can lead to early retirement later in life.
“Meet Shanil Issa, a 26-year-old Amazon employee, who managed to save more than $120,000 in less than four years and has no student loans or debt.”
