How to save $100,000

A new report shows that one in six millennials, or 16 percent, have savings totaling more than $100,000. Bank of America says that's double the amount saved by Generation X in 2015.

But the majority of millennials are still counting pennies, strapped with thousands in student loans and credit card debt.

Danny Ratliff, a senior financial advisor with Clarity Financial, is on the Factor with tips how you can save $100,000 too.