Average Net Worth By Age (2018)

Подписаться 491 тыс.

Просмотров 44 тыс.

50% 1

Take Your Finances to the Next Level ➡️ Subscribe now: / moneyguysho. .
Download FREE Financial Resources from the show ➡️ www.moneyguy.c...
Sign up for the Financial Order of Operations course ➡️ learn.moneyguy...
Download The Money Guy Net Worth Tool ➡️ learn.moneyguy...
Our professional focus is on financial planning and investment management, and we leverage our knowledge for your benefit. We help you focus on the things you can control and manage the things you can’t. Visit our site for more info ➡️ www.moneyguy.c...
Facebook: / themoneyguys. .
Instagram: / moneyguyshow
Twitter: / moneyguyshow
TikTok: / moneyguyshow
Let’s make sure you’re on the path to financial success - then help you stay there!
The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!
We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on RU-vid and your favorite podcast app. Thanks for coming along on the journey with us.

Опубликовано:

19 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 82

@RescueRestoreShorts 6 лет назад

I really enjoy your show! Thank you for taking the time and effort to provide good information and insight. Subscribed!

@MoneyGuyShow 6 лет назад

Thanks for watching and subscribing DADDIY!

@fmlygyfntc 6 лет назад

I appreciate the fact that the two of you include both the qualitative and quantitative aspects behind accumulation of wealth. It adds a unique experience for the viewers and is a huge differentiating factor for your show!

@fredwinslow744 6 лет назад

Thomas stanley book taught a few fundamentals backed up by stats 1-first generation because most families squander wealth within three generations 2-achieving wealth slowly and steadily is based on conservative saving and living approaches and not impulsive flashy lifestyle 3-once achieved it isn’t maintained unless the above is followed continuously 4-extreme wealth is obtained by manufacturing and companies not professions and the wealth can still be lost without following the above frugal and conservative approach 5-exponential income ( or theft )which is rare is the only method to beat compound interest ( interest growing in interest )for building wealth ... his book is a great way to be entertained while convinced how true this is and to slowly pound it into your stone age , chocolate and beer chasing brains ...

@MoneyGuyShow 6 лет назад

Thanks for watching and commenting Fred!

@thegrimmperspective 5 лет назад

I have to believe for the average person, that these Net Worth values are inflated. When compared to my peers, I feel as though I've reach milestones that they are still trying to acquire and I'm no where near your estimates.

@MoneyGuyShow 5 лет назад

We are using The Millionaire Next Door formula, which become more accurate once you hit your 40s.

@Skullo4 6 лет назад

Just stumbled on to your channel. so many things Im learning that I wish I knew when I was 18. I have always been a really good saver but was unaware of the power of investing and compounding interest. Im 28 now and going to apply what I learn going forward. Thank you. Will continue to listen.

@MoneyGuyShow 6 лет назад

Glad you found us and thanks for watching Skullo4! Welcome to The Money Guy Show.

@kyleandjordanleifield2504 6 лет назад

Quick comment about your net assets by age, 250k by 30 when the average earnings is 30-40k a year is pretty unrealistic. If your saving 20% of your income from 20-30 making the 40k the entire 10 years assumes a 24% rate of return, more then a little impractical.

@MoneyGuyShow 6 лет назад

Kyle and Jordan Leifield, we are breaking down The Millionaire Next Door Formula. The formula does become more accurate as you enter your 40s as long as you made wise saving/investing choices. Everyone is going to be in a different place financially, we are just giving financial bench marks to help you understand the research that was done by Thomas J. Stanley. Thanks for watching and commenting Kyle (and/or) Jordan.

@kyleandjordanleifield2504 6 лет назад

Ahh ok, love the show!

@MoneyGuyShow 6 лет назад

So glad to hear you love the show!

@robertjimenez8525 5 лет назад

At 22 i was aready self made millionaire with help my mentor i work in construction 16 years old earn 40k year and just always out work everyone at 19 i used 100k i save buy 6 houses in real estate crash and by 22 i owm 22 units. And key was selling time for money and own a business fits your lifestyle.

@coopsnz1 6 лет назад

Rich is having no debt to Banks , My Dad earned $300,000nzd a civil engineer owner Nz . My Dad wasn't a multi millionaire until he sold his business for millions, in his 60s

@brett2660 6 лет назад

One thing I've never heard a financial planner talk about when discussing savings is mortgage payments. In the 15%-20% figure that is often discussed, shouldn't the principal of a mortgage payment be included in that? If someone is paying a rent or lease every month, that money is gone as soon as it comes out of the bank. The principal on a mortgage payment (not interest, taxes, insurance or PMI), however, is increasing ownership of a non-depreciating asset and is building value, aka, an investment. I think that is an important topic that is rarely discussed.

@Sendit201 6 лет назад

It would be interesting to know how many 22 year olds are actually saving for retirement.. Most of them are drowning in debt for college

@MoneyGuyShow 6 лет назад

Joseph, not enough! Thats why we give away so much free content so we can educate everyone and get them on the right to track to building wealth.

@Zania16ify 6 лет назад

I'm 22 & started saving for retirement at 21. I'm in no debt and don't even own a credit cart, only cash & debit. My car is used & I get my money wise knowledge from THE BIBLE. God bless you.

@MoneyGuyShow 6 лет назад

Thanks for watching Grace!

@ashleyashleym2969 6 лет назад

I'm 22 right now and I actually have a very high net worth compared to my peers and even I'm not saving for retirement, I'm going to worry about retirement a lot closer to my 30s or 40s. Right now I'm just focused on building my net worth but it kind of sucks because my net worth is at a stand still at the minute because I'm a full time university student so I'm growing my net worth by around 5k a year compared to 50k a year when i was working full time.

@xLiLtEmPeR 5 лет назад

@@ashleyashleym2969 what the hell did you do to get 50k a year?

@MattB8030 5 лет назад

Im 29 and no where near $229,000. Im up a creek if I should be at those numbers and ive never had any debt over $1,000. Ive always saved as well.

@MoneyGuyShow 5 лет назад

Based upon a quick check that means you make $165k/year. Not too shabby for 29. If that is not what you make then you did the calculation wrong. (Age x Income) / (10+years to 40)

@MoneyGuyShow 6 лет назад

Jump to your age group! What your net worth should be in your 20's: 10:16 What your net worth should be in your 30's: 18:03 What your net worth should be in your 40's: 24:05 What your net worth should be in your 50's: 32:25 What your net worth should be in your 60's: 40:03

@rgood1204 6 лет назад

Thank you!

@MoneyGuyShow 6 лет назад

Thanks for watching R Good!

@X.MillennialResponder.X 6 лет назад

30s now I have about 2x-3x my salary in insurance but have no debt and my wife is a physician.... I hope to be self insured by my 40s do you really need 10x my income in a term policy

@MoneyGuyShow 6 лет назад

Yes and it’s very cheap.

@abouss2629 5 лет назад

Thanks bud

@ernestoscoffeeadventures 6 лет назад

very inspiring guys. Thanks for the motivation.

@MoneyGuyShow 6 лет назад

Thanks for watching!

@chanwitpr 6 лет назад

Thank you very much for bringing up a very concrete net worth target and explaining personal finance in simple terms. As a new immigrant to this country, I have no idea how much $$$ to be saved for a comfortable American retirement (in next +30 years) and how much net worth I should aim at. Your shows answered these questions. Now I am a subscriber to your channel. Keep doing great shows for us.

@MoneyGuyShow 6 лет назад

Thanks for watching and subscribing chanwitpr! We really appreciate it.

@qwertykid18 5 лет назад

Your yearly expenses times 25 invested in index funds.

@BillRouck 6 лет назад

Thanks guys! Yet another one to archive for the kids, great stuff.

@MoneyGuyShow 6 лет назад

Thanks for watching Bill and for the positive feedback!

@tracegatenby2166 6 лет назад

Love your videos :), you should do one on saving for a house deposit/ right time to buy a house

@MoneyGuyShow 6 лет назад

Thank you Trace! Great idea.

@brett2660 6 лет назад

For a single person age 29 it is $229K and a single person age 39 it's $380K. This wealth formula seems to be a linear equation but income doesn't work linearly. It would be interesting and helpful to see the wealth formula translated as a logarithm to more closely match earned income.

@ashleyashleym2969 6 лет назад

Dont know where you are but where I'm from wages are linear, unless you get more education or you climb the ladder in some way your pay is staying the same year after year.

@brett2660 6 лет назад

Yes, wages generally move upward but I don't think it goes up linearly, meaning, the same amount each time. For example, your first job might pay $30K. If you get a raise or promotion for say, 20%, that's $36K. Skip several years and you're making $80K. If you get a 20% raise or promotion again, it's now a $16K increase and not $6K. Also, (I didn't specify this earlier), your net income (income less expenses) should be more logarithmic and less linear. For example, someone making $100K should be more able to save more (both percentage and amount) than someone making $30K. Savings 20% of your income making $30K is way more difficult than for someone making $100K (due to expendable income). The reason I made my original comment was because I don't think I'll be able to hit the stated goals at the end of my 20s, but I think I'll be more than able to hit the stated goal for someone at the end of my 40s. It got me thinking about income/savings and how it's very difficult to save money in your 20s because of 1) less income and 2) more debt and how in my case, it's definitely more logarithmic.

@colindant3410 5 лет назад

@@brett2660 In a nushell, money makes money!

@colindant3410 5 лет назад

@@brett2660 In a nutshell, money makes money.

@anadiallio8408 6 лет назад

Thank You for your advice I wish I saw your show 8 months ago .

@MoneyGuyShow 6 лет назад

Thanks for watching Ana!

@stevegrayson4124 4 года назад

All you need is to have 10 times your GROSS annual salary invested in a No Load Mutual fund like SWPPX and you will be set for retirement. It's that simple.

@neldaadams3710 5 лет назад

Is Net worth ? Cash in the bank or does that include assets?

@MoneyGuyShow 5 лет назад

What you own - what you owe = net worth.

@joeljames6028 6 лет назад

Can you tell me the name of the books on that shelf?

@MoneyGuyShow 6 лет назад

We have an eclectic mix of books that we keep in the studio. Below is a sampling of the books behind us (full disclosure there are twice as many that are not visible): ** Podcasting: Do-It Yourself Guide by Todd Cochrane (this book was published in 2005, and what is crazy is that Todd did a call with me in 2006 (from Hawaii) to help me fix setup issues. Todd is still active in the community and you can follow him on twitter @GeekNews ) ** The Millionaire Next Door and Stop Acting Rich (shocker... we have Dr. Stanley books in our collection including a few signed copies (thank you Sarah)) ** Business leadership staples such as, Good to Great and The Seven Habits of Highly Effective People ** Bo's college Financial Planning & CFA text books ** a few books in the room that truly add flair include Vince Dooley's book My 40 Years at Georgia, Caro's Book of Poker Tells, and Robert's Rules of Order.

@joeljames6028 6 лет назад

The Money Guy Show Thank you so much!

@millennialsleadtheway5453 6 лет назад

One of my favorite videos!

@MoneyGuyShow 6 лет назад

So glad to hear that! Thanks for watching Christian.

@wh8597 6 лет назад

Cute little red vest McFly

@MoneyGuyShow 6 лет назад

Wayne, so glad you are enjoying our show and wardrobe so much! Thanks for watching man.

@Zania16ify 6 лет назад

What are yall's net worth??

@geckosalaplancha8286 6 лет назад

20k 24 years old started a bit late

@MoneyGuyShow 6 лет назад

You can do it Fredis Diaz! You’ve got time!

@aerohk 6 лет назад

My biggest regret is to not stuffing full allowable amount into 401k at my early career. Don't make the same mistake.

@geckosalaplancha8286 6 лет назад

Aerohk I haven't done that I haven't thought that far ahead yet what if I don't make it to 65 lol

@tylermacmorris1361 4 года назад

These numbers are insane lol

@coopsnz1 6 лет назад

300k net worth 30

@bymc9888 3 года назад

Making $50K a year in your 50s, you should have built $1M net worth?? No way! How many clients’ portfolios have these two guys seen and worked with? Your individual income has to be in minimum $100-150K before you can comfortably start to become debt free and build your wealth! Otherwise expect to live mostly on social security!