The Best Financial Strategies by Income: $40k, $75k, $100k+

Подписаться 1,3 млн

Просмотров 346 тыс.

50% 1

Try Rocket Money for free: RocketMoney.com/Humphrey #rocketmoney #personalfinance
In this video we go over the top strategies for personal finance by different income levels, around the $40,000 salary level, the $75,000 salary level, and if you make more than $100,000+! I hope you enjoy
FREE STOCKS:
🏆 Webull USA: a.webull.com/i/HumphreyYang
🏆 Webull UK: www.webull-uk.com/i/humphreyUK
📈 MooMoo: Click this link to get up to 15 free stocks when you make a qualified deposit Terms & Conditions Apply: j.moomoo.com/00iNNL
💾 Coinbase: Get up to $200 for Getting Started ➭ coinbase-consumer.sjv.io/QOA326
🎓 Public: www.pqr3ntrk.com/6QFBWN/J8P3N/ to get $10 worth of free Stocks
💸 SoFi Checking & Savings: sofi.com/humphrey Get up to 4.40% APY, pay no account fees and earn $250 when you sign up and set up direct deposit. Terms apply.
👾 Join our free Discord Community: / discord
Coinbase New User Incentive is a limited time offer. Offer available to new users only. Terms apply. See for details: help.coinbase.com/en/coinbase
RESOURCES:
💵 Free Templates: beacons.ai/humphreytalks/free...
🐪 Hump Days Newsletter ➭ humpdays.substack.com
▶️ See What I Invest In ➭ / humphreytalks
💳 My Favorite Credit Cards ➭ cardonomics.com/i/humphrey
👾 Discord Community: / discord
MY SOCIALS:
Secret Channel -- / @hug
Instagram -- / humphreytalks
Twitter -- / humphreytalks
TikTok -- / humphreytalks
Rickie (Editor) ➭ / coldgamerick
WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
⏱️ Timestamps:
0:00 - Start Here
0:30 - $40,000 Salary
1:15 - Goal 1
2:13 - Goal 2
3:15 - Rocket Money
4:34 - Goal 3
6:12 - $75,000 Salary
7:01 - Strategy 1
8:30 - Strategy 2
10:05 - Strategy 3
10:40 - Time & Investments
12:03 - $100,000+ Salary
12:23 - Strategy 1
13:45 - Strategy 2
14:52 - Strategy 3

Опубликовано:

21 май 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 360

@humphrey Месяц назад

Check out Rocket Money for free: RocketMoney.com/Humphrey #rocketmoney #personalfinance

@BIGJATPSU Месяц назад

I had a chat with my Empower rep several months ago about that very savings chart. The rep informed me that a better way to view it is try and be AT the median goal at the beginning of your 20's, 30's, etc. Their hope, and surely ours, is that after a 10 year period we'll of course be paid more than at the beginning. With good planning when you're young, it'd blow the top end easily away. Also even if you are later to the savings game, such as myself sadly, with sound planning and compounded interest, all those numbers are easily beatable. It is possible, markets willing, I could hit the stated median at the end of my 40's. Even if I do not however, by the end of my 50's I'll be will above the median listed there. Informative video as always!

@aspreedacore Месяц назад

I use rocket money they cut my optimum online bill in half now I pay $55 a month instead of 110+

@ApBurger3532 4 дня назад

Youngsters starting in investing need to learn the ropes, know how much risk they can handle and spread their investments around. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your money.

@ItPhenn 4 дня назад

Overall, the stock market provides a platform for buying and selling shares of publicly traded companies, offering potential opportunities for investors to grow their wealth, but it's essential to approach it with knowledge and caution.

@thelooseseal 4 дня назад

I've been getting assisted by a Financial Advisor for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

@Wendytsang12 4 дня назад

I've been getting assisted by a Financial Advisor for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

@Wendytsang12 4 дня назад

A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.

@Shirleypos 4 дня назад

Impressive! I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.

@Lisaruthdecker. Месяц назад

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

@spacecadet6 Месяц назад

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .

@emmaarmando Месяц назад

Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn

@noah-greene Месяц назад

In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $750k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.

@shelle.angelo Месяц назад

@@noah-greeneMind if I ask you to recommend this particular coach you using their service?

@noah-greene Месяц назад

*Gertrude Margaret Quinto* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@gem93177 Месяц назад

Concepts I'm most grateful I learned in my 20s: lifestyle creep and opportunity cost.

@humphrey Месяц назад

Yes!

@rayzerot Месяц назад

Two of the most important personal finance concepts!!

@paulmarshall9189 Месяц назад

Yes, the opportunity cost of working a day job in your 20's is way higher than working part time in your 60's.

@Priinsu Месяц назад

I've lived a hermit/minimalist lifestyle so lifestyle creep was never an issue now that I'm 30. I have everything I need at home and I'm very comfortable. I've been driving the same car since I was 19yo😂

@dremewhite5209 Месяц назад

@@Priinsuthats a blessing to have a car for that long! good job!

@MathiasLaurel 12 дней назад

Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance

@TariqSinghKhan 12 дней назад

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.

@NatalieFormor 12 дней назад

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@ArfaanaBinUmar. 12 дней назад

Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.

@NatalieFormor 12 дней назад

Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@scottjuarez9549 12 дней назад

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@nicolasbenson009 Месяц назад

I used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.

@Michaelparker12 Месяц назад

Experienced the same thing. The financial counselor we met with last year told us, "Guys, you've already made it," even though my spouse has retired. Stop delaying enjoyable activities in life.

@tatianastarcic Месяц назад

I completely agree. I'm 54 years old and recently retired with roughly $1.8m in outside retirement funds, no debt, and very little money in retirement funds relative to the total value of my portfolio over the past 3 years. To be honest, the Fin-advisor's role can only be downplayed, not dismissed. Simply try to identify a reliable one. Spending money on possibilities and things that might not exist much sooner than we realize is completely different from wasting it. As you said, being value-conscious is essential.

@BridgetMiller- Месяц назад

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

@berniceburgos- Месяц назад

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

@Val-ub4uw 15 дней назад

The time to enjoy life is today too! 😊 ive had people cloze to me die much earlier than expected

@Angelavaldess 28 дней назад

Loved every second of my watch to the very end. I could really use your help Ramsey, I’m 52 and disabled since 2007, still own a small business with $480K in savings. Already rental property. But I'd still love to grow my investments. Can you help?

@ericmendels 28 дней назад

I'd suggest you speak with a market expert before making any decisions rather than act on every forecast. Remember RU-vidrs do it for the views and engagements with no real market experience.

@Higuannn 28 дней назад

@@ericmendels I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe

@Angelavaldess 28 дней назад

@@Higuannn I've been getting similar suggestions and I buy into the idea of using an expert but finding a decent one has been the challenge. Do you have any recommendations?

@Higuannn 28 дней назад

@@Angelavaldess She's known as 'Alicia Estela Cabouli'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@Angelavaldess 28 дней назад

@@Higuannn I Found her web page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks

@JaneGallagher-ur9jp 18 дней назад

When it comes to investing , I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

@GarridoLuis545 18 дней назад

I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

@CatherineBates-bg4fc 18 дней назад

@scottjuarez9549 18 дней назад

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

@CatherineBates-bg4fc 18 дней назад

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets

@VeronicaLodge-do2sz 18 дней назад

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing

@victoriaabott Месяц назад

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

@kurtKking Месяц назад

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.

@Kaustavpatell Месяц назад

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@Vivienedouglass Месяц назад

@@Kaustavpatell Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

@Kaustavpatell Месяц назад

Michele Katherine Singh maintains an online presence. just make a simple search for her name online.

@Vivienedouglass Месяц назад

@@Kaustavpatell i am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again

@brianwhitehawker1756 Месяц назад

Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.

@lucaswilliams9992 Месяц назад

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

@yeslahykcim Месяц назад

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

@Jadechurch-ql3do Месяц назад

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

@yeslahykcim Месяц назад

Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@codeblue11 Месяц назад

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@yung1448 Месяц назад

Humphrey is amazing. “How to build wealth”

@yung1448 Месяц назад

The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

@yung1448 Месяц назад

am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns

@yung1448 Месяц назад

Get to her

@yung1448 Месяц назад

FinanciaI-PIanner Rebecca Mart-Watson (in fuII)

@sarahfletcher01 Месяц назад

deserve aII attention, good to be here.

@BrianGivensYtube Месяц назад

I’m so happy I focused on investing at 21. I’m turning 26 and my investments are really starting to snowball. Its awesome!

@marythang1260 Месяц назад

I'm 45 and have already done everything you discussed but I love watching this channel because it's like exercising. Even if I'm financially "fit", this is great to keep me on track and always reevaluate what I should or could be doing next. Keep up the good video content. 👍👍

@Savedandfreed Месяц назад

Smart thinking

@TalesOfTrillions Месяц назад

As someone hustling at the $40k level, I appreciate the realistic approach you bring to the table. Thanks for keeping it grounded! 💪

@johnjackson8342 Месяц назад

Great camera quality, the growth of your channel is well deserved. Your videos are so clutch to those of us that are young professionals trying to make a strong start in early adult life. Most of us are probably already in a deep plunge in “finance RU-vid” and you consistently deliver with a down to earth reasonable perspective without grandstanding and adding BS to get likes and attention. Love your data driven breakdowns, the quality is always trending up. Keep up the great work

@emersonstagnitta65 Месяц назад

My best financial strategy no matter the income is Never Put All Your Eggs In One Basket. As a 9-5er, I made more than twice my income last year from only stocks and freelance developing. I also experiment with a couple of other things. It's way harder to make money plans when it's coming from just a source No Matter How Well It Pays.

@kortneyrawhouser6881 Месяц назад

They always make it sound so easy lol. tried to buy stocks some weeks back and came out with way less. would have been better off lavishing it on other things.

@Wayne-bk1jc Месяц назад

This used to be me. Just know that you must either understand the market well enough or get the services of a fin. adviser who does for your "investment" to count. I have gotten close to a hundred grand within the past few months only after some months of throwing my money in the wind. You should try again, good thing is you now know better. Goodluck!

@PriyaKrshna234 Месяц назад

i've got similar problems and I have also considered using an FA but I don't know how to go about it. please, what are the steps for getting one? like a really good one.

@Wayne-bk1jc Месяц назад

You should start by looking out for those from known firms and good track records. You should also make sure the person is licensed. Personally, I use Kelly Matwick. She's good and you could also look her up.

@dannywalters958 Месяц назад

Wayne-bk1jc I know her. Used to share same office block with her back in the day nice lady

@hunterandchavy Месяц назад

Never compare yourself to others that drive nice cars 🚙, take multiple vacations, spend money 💴 on unnecessary leisure items (i.e. new sneakers 👟 in every color). I am on a journey to save $100k … I want to aim high so I can reach my maximum potential. Thanks Humphrey… great video

@chucalissa9231 Месяц назад

Dang you mentioned my family members that believe in living like that I don't * live like that ..by no means

@coycoyofamin1376 Месяц назад

96k more to go 🥲

@dremewhite5209 Месяц назад

@@coycoyofamin1376right there with ya 😭 but we gone get there!

@sector910ify Месяц назад

@@coycoyofamin1376you’ll get there 🎉

@loganmccullough987 Месяц назад

31k more to go

@margaretmclaren4685 Месяц назад

One thing to consider about saving vs credit cards at the 40k level. If you save money you're less likely to charge things and perpetuating the cycle of card use. I'm trying to do a bit of both as possible.

@gjackson651 Месяц назад

Im 33, I've been saving 30-35% of my salary since the age of 17 and im currently 4x my salary not including my 401k

@emilyau8023 Месяц назад

Dang, I wish I began at 17 but I'm 24 and beginning.

@therealkwesi Месяц назад

Be happy your 24 and starting. I started at almost 30. Im about to turn 33 in a few months. @emilyau8023

@LHSHarmon Месяц назад

How much do you make a year?

@deanrotering879 2 дня назад

@@emilyau8023I began at 24. Put 12% in my 401k every year. I’m 58 now and will retire comfortably next year. You can’t save much in your 20s but that money has 30 years or more to grow. Just put it away and forget about it.

@billymoua6252 Месяц назад

I like these videos! I buy things now based on what vs need. Rationality vs emotional impulse.

@LeahRoberts618 Месяц назад

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Smith.

@Atticus.fontes Месяц назад

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

@BrownAtwood Месяц назад

I'm new at this, please how can I reach her?

@DonnaCWilson878 Месяц назад

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

@LeahRoberts618 Месяц назад

she's mostly on Telegrams, with the user name.

@LeahRoberts618 Месяц назад

Ksmith6 💯

@UncleKenroy Месяц назад

Been watching your videos for months and just realized today your name is Humphrey

@brockburkett2559 Месяц назад

This video feels inspired by The Money Guy. Great work!

@richiesteve1250 Месяц назад

They say with Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. So can i put a portion of my 5%(HYSA) in index funds? I also have 400k in an annuity. How do i maximize all this to make gains this year?

@timmontagjr.3171 Месяц назад

@@chrissmurrayy1. Pay off debts you have. 2. Get the remaining money invested with the help of a financial advisor. (Talk with a few financial advisors and go with the one that you like. Treat it almost like interviewing the financial advisor when you first meet them. Do they have your well-being in mind or making themselves money using you?)

@Kknzz Месяц назад

@@chrissmurrayyput it in an S&P/VOO, and forget about it

@Ubiquitous_1 Месяц назад

You always have great tips and reminders. Thank you!

@davidlim8502 Месяц назад

Best finance channel in America

@gmosworld Месяц назад

Starting a new job with a higher salary, and this is super helpful

@Chris96528 Месяц назад

22 gonna be 23 in June and net worth is approaching 50k videos like this make me remember that I am on the right path

@jkpelke Месяц назад

I really appreciate this “down to earth” breakdown of salaries.

@vicoussoulja Месяц назад

40k spot on how to have a good finance life. Making around that much and early 31 paid off all my major debt kept me above water. Great explanation video

@DeepakRavindranTheTechno Месяц назад

Hello Humprey, I have been following you for a while but still, I have been feeling really low lately and this video made me feel better. Thank you.

@markmedica5945 Месяц назад

Net worth and saving rate section was super helpful.

@userabc886 Месяц назад

Your channel is indeed the legit Financial Education channel, instead of Jeremy's which is mostly about stocks lol

@monkey123343 Месяц назад

Love it! From Canada

@DaniOchannel Месяц назад

Thank you, Humphrey😊

@humphrey Месяц назад

No worries!

@alexchristofides56 Месяц назад

Thanks Humphrey, I really enjoy watching your videos for I get a lot out of them!

@user86tajkeuricecream Месяц назад

One of the most helpful RU-vidrs thanx for another great video👍🏾

@deadspeedv Месяц назад

An interesting statistic. More than half of Americans earning over $100,000 a year live paycheck to paycheck. Lifestyle creep is a serious issue.

@parkour267 Месяц назад

Was planning to try getting a house but decided on bmw for housing market. Definitely boosts my mental state

@Thehandler85 Месяц назад

That’s unbelievable

@nicktayloradventures День назад

living in California with a wife, 3 kids, and a single wage makes it real easy to live paycheck to paycheck on that amount

@ClaudeMarcEDavid Месяц назад

Very good content we love it and we want more. Thank you very much Humphrey Yang !

@pslaathaug Месяц назад

I'm so proud of this, my wife and I were talking about money, Nothing big. but my 14 yr old son asked us if we had an emergency fund. (we do) so proud.

@simon_tips Месяц назад

You’re the goat for real, love your videos. It’s helped me so much as I go through school and work to be smart with my money and to grow my wealth

@humphrey Месяц назад

Happy to help!

@jasondenton4867 Месяц назад

All automatic payments i have come out of my checking; all gas/grocerys misc. I pull out 200 cash weekly. Easiest way to budget by having cash

@iisakkipeltola5393 Месяц назад

Make a video on how students should budget their life. Great vid!

@chucalissa9231 Месяц назад

This is a fair video ..I'm thankful for it ..More people make 40k ..

@tayfromthebay Месяц назад

Is that Game of War???????? I was SO obsessed with that game! lmao

@johnfthiel Месяц назад

Thanks Humphrey

@tonyfernadez472 Месяц назад

Love it bro

@humphrey Месяц назад

@Naoompje-lw2xf Месяц назад

Ayy 250th watcher

@abbyburke8703 Месяц назад

Great video!

@jvalley646 Месяц назад

Please make a video on higher conviction plays so we can research on them. Thanks

@tiburon88 Месяц назад

Can you share the links to the calculators you used?

@JcDaGoat Месяц назад

wonderful video

@caiolima4752 Месяц назад

Please do a video on why you believe the 401k is a forced retirement strategy and what your personal alternative recommendations are. I think at this point, all your viewers are interested in this topic since you’ve mentioned it multiple times in different places.

@EcomCarl Месяц назад

Excellent overview of how to manage finances across different income levels! It's critical to emphasize the importance of clearing debt and building savings, especially at the $40k level where each dollar really counts. 📈

@MarbledKing Месяц назад

Thank you for this video. What is your opinion about people living outside the US taking home 20,000 (just for themselves, no family, with their own home)?

@tonyfernadez472 Месяц назад

I was obsessed with Game of War in 2016

@SenecaRaine Месяц назад

With no context on a financial video, this immediately makes me think you spent your retirement on that game.

@humphrey Месяц назад

LOL

@sarahallen8739 Месяц назад

same!! luckily I didn’t have a credit card during my mobile game phase LOL

@goguyx Месяц назад

Me too

@jvphin Месяц назад

Came in excited for the information. Left depressed. Drowned in student loans.

@wewhoareabouttodiesaluteyo9303 Месяц назад

Yeah, those student loans will keep you in the paying orf debt step for however long. The best thing to do is to try to pay it off in one lump sum and take the income driven route (just my suggestions).

@Katie-dy7zx Месяц назад

Great video Humphrey!!! Getting rid of debt was a massive step in improving my finances. Also making sure having an emergency fund (total stress reliever as well) & ensuring you are spending last month’s paycheck so automating money into various savings/brokerage accounts is seamless (i.e, not living paycheck to paycheck). Also, appreciate some tips/advice for those of who did not have their shit together in their 20s or for most of their 30s!

@azmendozafamily 6 дней назад

I make $143K and allowed myself to get further in debt with credit cards, I've been overdrawn since mid-Feb, and I'm about 6 weeks behind on my mortgage. I need to make drastic changes, and that's why I'm here.

@antuan3586 Месяц назад

Do one but for students with like 5000 saved up :)

@SteveYoung49 Месяц назад

Lifestyle creep affected me in a different way. After having kids, we ended up spending a ton of money on the kids because we could afford the nicer stuff for them.

@humphrey Месяц назад

Wow that’s nice of you.

@brkctrl Месяц назад

Kids are expensive 😅

@tolonius8925 Месяц назад

Are there any good budgeting apps to help like keep track of things? im not the best with numbers. I already do my best to write all my bills at the end of the month. im trying to get better at this practice, and because I get paid only once a month and not bi-weekly

@ryiu7144 Месяц назад

Does does income of 40k, 75k, 100k+; a total income as household? Or per individual? For net worth & savings by age, is it per household or individual? Thanks in advance!

@AG-hl1ni Месяц назад

Palantir Tech

@ransom3057 Месяц назад

Could you do a video on what to do if you make over the maximum limit to be able to contribute to a roth ira ?

@JonaaBLKWL 2 дня назад

I've never made anywhere near 40k in my life, so this isn't very helpful to me but good luck to everyone this does apply to

@JTakesAction91 Месяц назад

Hey Humphrey, do you own or rent?

@sauveli5949 Месяц назад

Why gross if we get net pay?

@philipw4849 Месяц назад

We're you living at home with your parents upon graduation? And wouldn't that help you tremendously as that is not even close to having a family and children @ 40k?

@nicknguyen3368 Месяц назад

Hi Humphrey. Great vid as usual. Can you at some point make a video about the FIRE community? I’m 34, making around $200k with 4 streams of income and plan to retire at 52. I have a 401k, real estate and stocks/bond/crypto but don’t take advantage of the IRA because of the time horizon for my planned retirement. Would love to learn more about that.

@nicknguyen3368 Месяц назад

The reason why is I plan to take advantage of the long-term capital gain tax break and passive incomes when I finally decided to retire.

@hokuspokus8947 Месяц назад

Good stuff here

@humphrey Месяц назад

Glad you think so!

@Jiraiya55 Месяц назад

The average credit card debt in the country will never cease to absolutely blow my mind.

@ZachDevine Месяц назад

Felicia!

@vladimirstarostenkov4417 Месяц назад

It looks no one covers the topics for relatively large households. e.g. 2 adults 3 kids, 2 adults 2 kids, etc. How the economics - and investments in particular - scales / changes / fits different household structure. Any recommendations?

@sergiop753 Месяц назад

I recommend watching Ramit Sethi's videos where he talks with couples. You get a lot of diversity in the type of households he interviews, his advice for each one and also learn a lot from everyone's money psychology. It's pretty interesting.

@zardon_zane1630 18 дней назад

Nice video, First, I need to pay a debt that takes 1/3rd of my salary each month since I got robbed, that's gonna take 3 years with a 46% interest rate D:, Ill use whatever I have to make that smaller

@Gsyekd 29 дней назад

The cash in the envelope has been helping me out a ton!

@BrutusHiatus Месяц назад

Where can I find that calculator?

@brockburkett2559 Месяц назад

I’d love to see what websites, articles, blogs, etc you like to use for research and self education!

@endypendy18206 Месяц назад

at minimumwage and or -40k a year and minimum expenses, what are side hustles you recommend ? im working on learning cooking so fourth certifications, content creation, opportunities.

@dingzhuxi Месяц назад

Depending on the opportunity cost. What do you have a surplus of? Generally speaking, most people at that stage will have a surplus of time and energy. The best option is usually to find a second job, finish w/e the certification, or degree you are hoping to achieve, and begin to find a job that pays better.

@Naomi-xu4hq Месяц назад

@@dingzhuxijust make sure the second job isn’t just an hourly salary that won’t help your career. You need to put yourself in area where you make connections

@Chi.oakley 26 дней назад

👍nice

@jerryo21 Месяц назад

link for that net worthify site?

@CamronPR377 Месяц назад

Lol, think I'm over doing it a bit. I'm saving 20k a year at the 40k level where as at the 100k level 10k a year is sufficient. 😅

@aznlemonboy 7 дней назад

I always wonder if they're referring to household or just individual

@SnowboardLove Месяц назад

Would you pay down credit cards before saving more for emergencies?

@humphrey Месяц назад

If the apr is high enough, yes

@chanchina Месяц назад

Well, I would generally do credit cards, but always save 50 dollars from each paycheck to an emergency fund. If you want to do both

@Bamapride1985 Месяц назад

The way I have always answered that question is the credit cards are still gonna be there and have the credit line available to use in the rare chance of an emergency. If you are saving more while having debt, you are defeating the purpose of saving (building wealth). Once you are not losing 20+% in interest from the debt, then start saving and building wealth.

@carpentryfirst3048 Месяц назад

My house expenses for a month raising 3 kids, wife and large dog is 7600$ That's zero to clothes, zero to hobbies or going out. And we have zero debt besides a truck payment and mortgage. Wife and I haven't gone out in over 8 years. I pack my own lunches for work, 90% of our clothes are purchased used, and the kids are in MMA which is pretty expensive. But I have no idea how any of you are surviving. My wife and I both have pensions, that's our only light at the end of this tunnel

@andrewall3193 Месяц назад

Is this net or gross salary?

@youtubemobilegaming 18 дней назад

I am working hard to prevent life style inflation. Currently saving 35% of my after tax salary but soon that will drop to 25% due to rent increases. My current goal is to try and save up that starting 100k so it can compound as much as possible. Hopefully next year :)

@parkour267 Месяц назад

Been playing pretty bad on the stock market myself

@KA-NV 18 дней назад

Selling put options is one of the best ways to passively increase your income.

@tylerhamill6271 Месяц назад

humphrey: do I need 1x my 30 year-old salary or 1x my salary at the time of calculating? For example, do I need 65k (salary today) saved by my 30’s, or ~100k (hopeful salary in my 30’s) saved?

@humphrey Месяц назад

the salary at age 30! so probably $100k in your case if thats what you expect to make

@EnzBank Месяц назад

This video tells people just to sacrifice there lifestyle for the financial freed. Madness. But it's does teach many people. Not to go broke.

@nicholasharvey5628 28 дней назад

Really thinking about it, I think having it together by 30 is great, but I really feel like age NEEDS to be taken out of the equation here. It kind of gets frustrating when watching this, because so many people who are close to the age of 30, like myself really struggle with having their entire salary saved up. Plus, Fidelity pushes that for your 401k. Some people have so many college loans that it is impossible to have this. The internet or at least resources that provide advice should approach this concept with steps rather than age. Realistically we are all in a different stage in our life and learned how to be more financially responsible at different times. I love these videos, but this is just something I just needed to share.

@deereezter1809 Месяц назад

I make 100k and live paycheck to paycheck in the bay area

@DeepakSagar-bd9uo 18 дней назад

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

@Sensei__Nate 13 дней назад

100K Goal one already broke. I regret it coming from military pay lmao. I want to get rid of my car and just get a beater so bad

@Not_Ciel Месяц назад

I love how the stock strategy for 100k+ is “Okay so basically you want to become an insider within your industry” 😂 Solid video though.

@Black_Myth679 Месяц назад

I tried explaining lifestyle creep to my brother who is a new MD. And that ended with him buying a new very expensive BMW. Some get it some don’t

@charaznable8352 Месяц назад

Is it okay to do a Traditional IRA instead of a Roth IRA? I just started one this month to get the tax benefits.

@wewhoareabouttodiesaluteyo9303 Месяц назад

Either one is great because you are saving something. The difference is you shelter your income early, but you will pay taxes later on. ROTH basically takes out taxes now and you can withdraw everything free later.

@_davidturner Месяц назад

My retirement account has gone up only by 2% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 22 years of working hard.

@RyanBen-zc7bi Месяц назад

Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.

@_davidturner Месяц назад

How can one get to interview advisors? And what questions should you ask?

@xavier_lucas Месяц назад

There are a good bunch as well as a bad bunch. You gotta do due diligence and use discretion. I work with Monica-Mary-Strigle sh’s big timer in New York w/ over 600 m worth assets under management

@FranciszekPawal Месяц назад

I have seen advisors and commentary on them but not one that looks this classy yet phenomenal. She experienced as detailed in the report. I set up a call. How soon should one expect feedback?

@_davidturner Месяц назад

Looks good. I hope my email doesn’t end up ignored, lady is very young for that experience and looks quite brilliant. Thanks for sharing.

@stephmeldrich6765 Месяц назад

Buy a good cross section of an economy, Build a diverse portfolio that keeps you motivated,Speed up the process where possible:i'm all for dividends and i DRIP into etfs (ARKW, VOO, VXUS, IVV) and company stocks. After my first million I realized that when a stock starts booming chances of you finding out means you are quite late to the party, for this I make sure my CFA handles that, ever grateful to Anna Rounds Fay.it's like turning your notifications to earn more millions.

@harrisahmed3066 Месяц назад

Thanks for sharing, I just looked anna up on the web because this is equally important to me, and I would say she really has an impressive background in investing. I will write her an e-mail shortly.