12 Simple Money Ratios To Overcome Analysis Paralysis 

I am going to watch this video throughout my lifetime as a point of reference.

I personally flip the 30 and 20 in my 50/30/20 rule. 30% cash saved right off the bat after 401k and HSA contributions. 20% for frivolous spending

Love this. Your channel is so awesome. Thank you so much

very helpful tips. much thanks learnt a lot!

Great content, thank you! 😊

This is a wildly helpful basic guide. Thank you Tae!

Great video!

Great content 👌 👏 👍

Thanks!

Tae, I’ve been binge watching your videos all weekend long. Can’t get enough. I am an entrepreneur and own several companies. I’m looking for a good accountant. Would you have one you can recommend? I’m in SoCal.

The 0.1% rule really depends on what options exist in your country. For example, in Canada, VEQT (Canadian VT) has an expense ratio of 0.24%. So the goal should be to keep it as low as possible, but keep in mind where you live.

For the: Age x Income ÷10 formula should your vehicles be included when they have next to nothing to do with retirement savings? You don't mention it but networks calculations generally include vehicles. Just a question I had. Thanks for the great info.

Me missing the original Raccoon drop may now be a fortunate situation… I’m tempted now to wait for crossbar lock variant release

About the life insurance. So my mom is fully retired and trying to apply for SSI. They considered her life insurance to be income how is that? she was denied due to it.

Greetings Kim . Your content money ratios was so simple and well done... lol it. Am in the heart of Africa. Possible guidancel on how I can invest in Vanguard from here... Appreciate the response. Thanks

For number 5. When you say the portfolio was still intact, do you mean that at the end of 30 years it would still be valued at around $1,000,000 dollars? Thanks!

So a million dollar home should make you 120k a year? I need to rethink my portfolio lol.

Where is best place to shop for best rates for term life insurance ?

this is a great video overall and i love your content ...but any time i hear prices based on a percentage of income , i immediately think its flawed , unless you are lower income family... in which case it makes sense usually...but a family with a 200k income should not be spending double what a family with a 100k income spends on housing , entertainment , or anything else for that matter in my opinion ...dont raise your standard of living every time you get a pay raise , unless you want to stay stuck working until age 65 ...20% of income saved for retirement if you make 200k simply means youll work as long as people making half of what you do , unless in retirement you decide to suddenly change your lifestyle drasticly ...which most people do not wanna do ...make 200k and put 100k into retirement , still live better than the family making 100k doing the 50/30/20 budget and retire 5 times faster ...or at least reach coast-FI quickly and forget the budget because your retirement is fully funded

3 x Income as a house price would mean in Germany: As a Senior Engine Developer you could afford a 1 room appartment 😅

❤

Home price = 3x income. Is this meant without home mortgage or with home mortgage?

How is the 4% rule impacted by RMD?

Question: Do you keep your emergency fund in a standard savings account or would you invest them in a bond ETF?

Correct: Life insurance is a risk management tool, not an investment, in the same way that a fire extinguisher is a risk management tool, not decor for your home. Instead of 20-year term, I would suggest that one make sure that the need for the life insurance has passed before the insurance lapses, or perhaps up to the point of retirement. You could pass away at Age 50, and not yet have saved enough money to put your children through college. I focus more on 30-year convertible term. Unless you have a prior contract, you do not have a right to buy life insurance -- you must prove that you are healthy enough. You could buy 20-year term and a year later not be able to buy life insurance again. Thirty years is the longest term policy that I have seen. Also, "convertible" term means that *you* have the right (but not the obligation) to convert the policy into permanent insurance. It wouldn't be fun to have to do that, but at least you would have the option, and convertible term insurance does not cost much more that regular term insurance.

Unless you live in a major city like New York. In which case, 50% of your income will go towards housing alone.

The challenge is that company selected 401k administrators charge more than 0.1% themselves. Like 0.5% already.

Rule 72.....wow

Do you have any credentials justifying you giving out financial advice?

*"The average American saves less than 5% of their income"* Yay, I'm aweso -- *" -- If you can maintain a 20% savings rate towards your retirement throughout your working career, you should be set up nicely for retirement.* Well, nuts; it's hard to have 20% of all income go towards retirement over my entire career when I've had to save up to buy a house and send five kids to college. Maybe I should -- *" -- In the financial independence world, the golden savings rate target is usually 50%.* Holy crap.

I like your videos. But I was a bit disappointed when you referenced financial advice from Elizabeth Warren…

Hahah you use Pocahontas book? Hahaaaa😂

Referencing ELIZABETH WARREN for financial wisdom is like referencing a sumo wrestler for healthy diet tips. Are you *trying* to lose credibility? 🤦‍♂️