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What Your Net Worth SHOULD Be by Age 40

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What should your net worth be by age 40? Is it too late to build wealth? In today’s video we’ll talk through calculating your net worth, how to know if it’s good, and what to do if you’re behind.
Links:
Make Your Brain Your Friend Today With BetterHelp: www.betterhelp.com/george
Ramsey Net Worth Calculator: www.ramseysolutions.com/retir...
George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.
This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

Опубликовано:

10 окт 2023

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Комментарии : 1 тыс.

@scootsmcdoots80 10 месяцев назад

I’m 43 and broke with a high salary. Quickly paying off debt and won’t be debt free for another year. Late start but at least I’m starting.

@shanarobinson7672 9 месяцев назад

You can do this!!🙌🏿🙌🏿🙌🏿🙌🏿

@TBeinarovic 9 месяцев назад

It all starts with good mind set!

@mhodge0890 9 месяцев назад

I’m 33 in the same position as you don’t worry

@t-macattack3173 9 месяцев назад

47 year old - same position - broke with higher salary… eating rice and beans for the next year or more.. Got myself on a 10 year plan to be debt free and then positioning myself in some proper investments - gonna make it a game and see what I can do in the next Decade!!

@chrisharris4223 9 месяцев назад

I was similar at 40 (I did have some assets but never took it that seriously) but then I made some big changes. I am 43 now and the differences are already showing and I’m on a good path to be FI by 50, that’s the goal anyway!

@BeverleeR.Ziegler 3 месяца назад

My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, my wife is 52. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

@WyattSmith-v 3 месяца назад

that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

@WyattSmith-v 3 месяца назад

Please can you leave the information of your investment advisor here? I'm in dire need of one.

@Erickruiz562 2 месяца назад

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.

@JanineJ.Cromwell 2 месяца назад

Though I started with as low as $15,000 AUD actually because it was my first time and it was successful, She's is a great personality im in Australia

@JimmyA.Alvarez 2 месяца назад

Nvda are for young ppl that can outlive their stocks. Not Everyone has luxury to wait their life away

@PaulKatrina. 4 месяца назад

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

@Suleferdinand 4 месяца назад

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

@KarenLavia 4 месяца назад

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@GeorgeDean-km3wm 4 месяца 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.

@KarenLavia 4 месяца назад

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@CraigLloyd-fz6ns 4 месяца назад

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.

@Suntz_u 26 дней назад

A rich life which gives you a little bit of time and work-life balance costs you financial independence because it'll be low paying. Tough choices to make. Keep in mind, investing provides a jumpstart to financial freedom. At 34, I already have a $4m portfolio.

@Richmind-ir5zi 26 дней назад

Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.

@Mitch10bands 26 дней назад

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1 million in returns on investments.

@Marianela-r3v 26 дней назад

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind

@Mitch10bands 26 дней назад

There are many independent advisors to choose from. But I work with "Kristin Amber Landis" i and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

@Marianela-r3v 26 дней назад

Thank you for sharing, I must say, Kristin appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled

@beckysmith8672 10 месяцев назад

We are 45 and 40. We jumped on the Dave Ramsey train early in our 20’s and are worth over $600K. We did this on one income less than $100K for 19 years. We’re have 5 kids ranging from 7 to 18. You can do it!

@xxtoptankxx6873 10 месяцев назад

Man that’s awesome to hear!

@captngravity 10 месяцев назад

Nice work.

@ShutterSpeedGaming 10 месяцев назад

Absolutely amazing 🤩

@katielowen 9 месяцев назад

In between the B and C tier; not bad!

@SuperWarJam 9 месяцев назад

Wow that is amazing. Especially doing this with 5 kids - good for you and best wishes in the future.

@tedsparks8083 10 месяцев назад

On my 40th birthday my net worth was 475k, and the most I could ever contribute in my 401k was 11%. Then I found Ramsey at 41, paused 401k for 2 yrs during baby step 2, now at 46, at 15% in the Kizzle and paying down the Mortgage, I’m at 975k. My goal is 1.2 mil and house paid off at 50. This stuff works. Just follow the plan. No excuses & your situation is not unique. You can do this. Btw.. love the KFSS!

@2k3SteedaGT 9 месяцев назад

We have the EXACT same net worth! Congrats man, way to turn it around 👏

@DStabs720 9 месяцев назад

Hell yeah brother! I have around 450k net worth at 30. Trying to have a mil at age 37. That’s my goal at least

@jordanhiggins44 9 месяцев назад

It is funny how we act differently when it comes to money. Most of us know to get better at something it takes diligence and hard work. That is exactly what Dave's plan requires and you are doing a fantastic job. Curious when people say net worth they are talking about their 401k and maybe some side money and if the house is paid off you add that into the equation. (typically right)

@jimskatr103 9 месяцев назад

Hahahahaha!!!! KIZZLE lol

@aarg2609 9 месяцев назад

Truly inspirational

@glenbert1396 9 месяцев назад

I crack up when at 50 I get told by MULTIPLE ADVISORS that I am investing WAY too aggressively. I just laugh and tell them I'm really risk tolerant. With potentially a 5 year window to retirement (if necessary), we're fine. I don't think I could retire with less than $3 million in income-producing investments. I have already achieved 60% of my goal.

@lisaollie4594 9 месяцев назад

Everyone needs to hear this, you need to create your own process, manage risk and stick to the plan, thick or thin, while continually learning from mistakes and improving.

@anthonyrussell5718 9 месяцев назад

i'm glad I came across this discussion. If you don't mind, could you tell me how I can contact the financïal advisor who helps you with your investments?

@flybyav8tor 6 месяцев назад

In 5 years we went from negative net worth to $2M. We are 35 & 37. We did the baby steps through step 3, lived on nothing, saved up 1yr of living expenses, and another $80k for a commercial build out, and opened a business. This year we paid ourselves $38k per month out of our business. I didn’t even know people made this much a few years ago. Now we have opened a more businesses and looking to buy a few more in the coming years. After meeting with our wealthability tax advisor we’ve realized retirement savings is not going to get us to our goals so we’re not even going that route. To reach our 16 year goal we need to make 30% on our money every year. Our businesses do that so let’s keep that train going.

@user-pv4qp7jy9q Месяц назад

@@flybyav8torthat’s excellent! What business did you start that is performing so well?!

@captngravity 10 месяцев назад

I got a C. I turned 40 in August. Current networth is $135,678. Better than I was doing 3.5 years ago 👍🏻

@paulwinters6024 10 месяцев назад

Progress is everything! Well done! Keep running the race, brother.

@captngravity 10 месяцев назад

@@paulwinters6024 you too man, thanks.

@williamlewis3582 9 месяцев назад

Keep going

@shanarobinson7672 9 месяцев назад

Keep going. You got this!!!🙌🏿🙌🏿🙌🏿

@lanco1239 9 месяцев назад

Keep going bro. You are gonna be a millionaire in no time!

@Davis32am 10 месяцев назад

I'm 33, with a D rating for my net worth currently, but this video gives me a good goal to strive for in the next seven years.

@Joenzinator 9 месяцев назад

37 and just broke the million 🧐Most of it is tied up in retirement accounts and the home. Graduated college with no debt (scholarships) and started investing at 25. I do want to say, give yourself some grace in your 30's. Getting married, buying a home, having kids can mess things up a bit (especially the kids). There was a 3 year period where we could only afford to invest the 5% company match. But I invested plenty before the kids, and I'm investing 30% now to make up for it. So I would advise everyone to save more when you are able to, because there may be times where you have to scale it back.

@JMaki-mr2mh 5 месяцев назад

So true! Same age as yourself. Got house at 26. Then roof started to leak at 30, then kids started arriving 30-34, then furnace broke 32. Lol. Now at 37, the kids are eyeing more nature and sport involvement.

@karl2582 5 месяцев назад

Good advice👏👏👏

@otisjr.3376 2 месяца назад

Thanks for the advice. I'm 34 with NW 143k no kids plan on having kids next year though.

@KailinruAdao 10 месяцев назад

I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. I’m glad I found that out although it was later in life, but that marked the turning point in my finances.

@addahHusayn 10 месяцев назад

You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline

@Edgardo477 10 месяцев назад

money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed, have been in touch with 'Martha Cornell Kerns, over the years before taking any financial decisions and it's been working perfect for me because i don't have to send her my money to manage but taking her advise

@jaidenSalinas 10 месяцев назад

I only save money for emergencies, like having an emergency fund. I'm aware that it loses value over time and doesn't make me anything, but it's there as a financial insurance, to cover my ass if ever I get into some trouble from life.

@AnielaGorska 10 месяцев назад

@@Edgardo477 great info if i don't have to send her my money. I feel like this next bullrun will be the millennials last hope for financial freedom. because this next bullrun will literally determine if I work until I'm 70 or not. I hope I can build a big enough portfolio for it to matter.

@Edgardo477 10 месяцев назад

@@AnielaGorska Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. You're right, the best time to buy in the market is when there's fear. A huge part of my growth has also come during this bear market. This year alone, I have scaled from 112k to over 354k speaking with her before picking my stocks.

@laurenkallie8643 9 месяцев назад

Definitely an F. However am very motivated and am turning my life around. I've already made a lot of progress just this year and am learning and gaining more strategies and insights. I believe I am going to make it and be more than okay. I am not discouraged but determined and grateful for all the opportunity to change direction and am already seeing the differences. Thanks for more inspiration here with this video.

@prestonthomas5399 9 месяцев назад

Well done. You can make up ground quick when highly motivated

@blueskyeclipse1200 10 месяцев назад

🎉🎉🎉 Thanks for this video, George! My net worth is A+ since our home which we bought in 2018 is totally paid off and is now worth $835K and my 401K is worth $1.2M. We have $50K in cash in our ER Fund and own all three cars out right - paid for them in cash. I’m 42, graduated college with no debt (thanks, Mom & Dad), got a $60K job out of college at age 22 and have never held any consumer debt. Married a wonderful woman at age 23 and have three sons. God has been good to us and we have followed wise financial advice from Ramsey Solutions our entire marriage.

@nicholasshook7513 10 месяцев назад

60k over 20 years ago. Wow that is impressive. You are rich

@jeremiahtalkssports1832 10 месяцев назад

God bless you and your family. You are killin' it (in a good way)

@ShutterSpeedGaming 10 месяцев назад

God bless you! Absolutely beautiful and inspiring! Enjoy your life 😊

@pitita585 9 месяцев назад

Congratulations. I’m really happy for you and not at all jealous 😭

@jordanhiggins44 9 месяцев назад

that's amazing you have 1.2 Million in your 401K at 42. Wow, well done sir

@TigerTsunami404 9 месяцев назад

Had this goal when I got married and told my wife we'll have $1m net worth by 40, stay focused with consistent investing and made it happen by 38. Projected to be a multi-millionaire by 42. No real secret but living within your means, put away 15-20% every paycheck, and stay out of debt. As someone that never came from money, anyone can do this with financial discipline

@laneyluneva 10 месяцев назад

I'm 36 and scored a B. Also, the honey roasted BBQ is all you need, it's like a premium version of the Chic fila sauce. Congrats on the baby! Currently holding a 6 week old (our 3rd) and the newborn stage is rough, all ours were colicky 😢😢

@Jewels14200 10 месяцев назад

It’s so cool to see how amazing everyone is doing. We found Dave this April, but have been doing his principals for a while now without knowing. Husband and i bought our home 20 years at the age of 23 and 25. We have always had big Goals for ouesleves. At the age of 43 and 45 (A+ rating) Net worth 1.9 million. We have always lived below our means.

@punkbassandcovers 10 месяцев назад

We are 41 and 39 and just had the annual meeting with our financial advisor. Everything George is saying are facts. No college debt, no new cars, investing 15% of our income for 15+ years and a house payment at 27% of our monthly income on a 15 year/2.6% rate. We have three kids, two are through and the third is still in daycare which is a massive cost. Damn straight I am proud of our hard work and focus. Proudly rocking that A+. Currently in steps 4-5-6.

@GeorgeKamel 10 месяцев назад

Way to go!! So proud of you guys!

@punkbassandcovers 10 месяцев назад

@@GeorgeKamelwe sure haven't been perfect over the past 15+ years. Having at the least a basic monthly budget and communicating with each other is most of the "battle." Respectful and honest communication with your spouse is so key and a must. The rest is execution and having just a bit of will power. And as our kids know, "No" is also a complete sentence. They will thank us later, I'm sure of it. A huge thank you to the Ramsey Solutions team for your teachings over the years.

@jp-vx1hr 10 месяцев назад

C … wish I had kept investing years ago or it would have been way more

@mariacorretge6615 10 месяцев назад

4/5/6 here. Good retirement savings but only just started with college funds. I reckon 4 more years of mortgage...can't wait, 50's approach...

@micahrichey5335 9 месяцев назад

Thanks George. I needed this. I’m always wondering and I try not to compare myself. I’m 44 and by your math I should take a reduction from these values for the extra 4 years. I’ve been a widower for 10 years raising 2 kids on my own and 10 years ago I was deep in debt. So I’m pretty pleased that I’m probably a solid B and I’m happy but not satisfied, stay focused!

@mikebridges20 10 месяцев назад

We're 65 and 66, so not a true apples comparo, but I can say that even as average as we were "back in the day", only saving 10% when we were 40 (single income, 2 kids at the time), we still had a net worth of about $375k (in 1997 $$s), with an average engineer's income at the time, probably around $50-60k. Now we're worth around $2.2M, so for y'all that think it can't happen, IT CAN AND DOES!

@djmagicmike820 6 месяцев назад

Wife and I just hit 40 and we are at just over $100k. We have eliminated almost all of our debt (car loan and a 0% interest loan) and never want to be in debt like the F grade we were just five years ago ever again. Keep Going! Like most things in life, it takes active participation and not passive inaction!

@Dsksea 6 месяцев назад

I hit 400k at 31.

@chrisforker7487 10 месяцев назад

Your videos are hilarious and educational at the same time! Thanks for the entertainment and education!

@Ilovedachshunddogs 10 месяцев назад

I’m 43 and husband is 41. We are CRNAs. My husband had 350K student loans I had 160K plus a 50K truck. I got obsessed with Dave Ramsey. We decided to become travel CRNAs and work a bunch of overtime. We now have net worth around a million. It’s so hard to build wealth when student loans slow you down but it’s worth it.

@b.c.2836 10 месяцев назад

George, for the baby rash, get an aloe vera plant. Cut a stem, take off the thorn/spikes, peel the green peel to leave just the clear stuff in the aloe vera. I find that leaving the clear stuff inside the diaper on top of the affected skin overnight will help it heal way better than any of the creams. During the day I use the diaper cream just because they are wetting the diaper frequently and the aloe vera would have to be replaced each time.

@ryanarctor21 10 месяцев назад

34 and wife is 33. We are A+. Just reached 1 million net worth. Zero debt including mortgage paid off. I've been on the Ramsey plan since I was 18.

@TheFirstRealChewy 8 месяцев назад

I only heard of Ramsey last year.😅

@jrob8931 10 месяцев назад

George, you don't look a day over 45! At 52, I feel and look younger than I did at 40, and by following Dave Ramsay's plan, my wife and I have a net worth over $1M. And did I mention my wife does not work outside the home and has not since our Milennial kids were born? We are by no means wealthy, but are not afraid of retirement on our own terms because we made smart decisions along the way. Thanks for being a beacon to Milennials and Zoomners.

@cortneystanford3399 10 месяцев назад

I’m 35 and I’ve got a C. Thank you for all this helpful info! So excited to put it into action!

@taraan3066 8 месяцев назад

Man, I LOVE your energy lol. And kudos to your editors for finding all those clips! Really enjoying your show!

@4runnersaurus 9 месяцев назад

Wife and I are sitting @1.4m at 33 - not trying to gloat, just super grateful to come out of college with no debt and worked hard ever since to make sure that didnt go to waste. I know how tempting spending in your 20s can be once ypu start getting a "grown up" paycheck, stay strong people 🤙

@Joenzinator 9 месяцев назад

That's very good! You are crushing it!

@aarg2609 9 месяцев назад

Nice. You are ahead of the game!

@bravelion2009 9 месяцев назад

That's incredibly rare. Good for you guys though. Are you guys DINKS (Dual Income, No Kids)?

@TheFirstRealChewy 8 месяцев назад

I didn't know anything about investing back then. If I did I would have invested and been in a much better place today. It sucks, but at least it's not too late to do something. So now we are doing the best we can.

@4runnersaurus 8 месяцев назад

Even still, props to you for recognizing that and continuing to grind 👏

@user-jd1bk6sy1m 9 месяцев назад

as a single income household and a student with a mortgage, I thought my net worth would be much lower, turns out I fall into your 'A' grade category. This helped boost my spirits as I push through some financial hurdles on a $20,000/yr income. Currently upskilling to get some additional income to boost my situation. Love the Ramsay group and all the tips and tools! I will definitely be sharing this video with some people!

@Riggsnic_co 5 месяцев назад

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

@bob.weaver72 5 месяцев назад

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

@martingiavarini 5 месяцев назад

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000

@TheJackCain-84 5 месяцев назад

Mind if I ask you to recommend this particular coach you using their service?

@martingiavarini 5 месяцев назад

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@TheJackCain-84 5 месяцев 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.

@oscezrcd 10 месяцев назад

C now but quickly climbing. Until two years ago my job paid 40k a year and I had to spent all that money. Then I got a job that pays 110k/year and I resisted lifestyle inflation. I suddenly achieved a 65% saving rate and my net worth starts to skyrocket.

@Timothy_Smith 9 месяцев назад

I was at an F 14 years ago (well below zero net worth.) I finally got a good job, and got married to my wonderful wife a couple years later. Scrimping, saving, and adhering to our budget tightly, we finally got our (ok, my side really) financial house in order fully. Now, at nearly the upper end of the age bracket, and rocking an A, finally. Just need to get the house paid down now before retirement. We are a little light on the retirement assets in classic retirement accounts, but much heavier in brokerage and other investments. And my wife is now a stay at home mom.

@SpicyKimchi- 8 месяцев назад

41 & 45 with $950k net, including my home at purchase price. Seems like we’re doing OK, but I still feel so behind where we want to be for our early retirement goal in our 50s. It’s always a struggle trying to balance maxing all retirement vehicles to catch up while throwing extras at our mortgage.

@jessann9145 10 месяцев назад

As a Jessica who is closer to 40 than 30, I'm feeling slightly attacked. 😂 Love your stuff George! ❤

@Rachel-ul8et 10 месяцев назад

Love it. I wish my co worker would watch you. She just took out a loan on her 401k for bills, not good. Bless her heart it isn’t going to end well

@BRob-bu8hr 10 месяцев назад

I love all of the snippets you put in these videos.

@drevan1138 10 месяцев назад

43 this week, A+, 1.15M. Doing very well, but I really wish I had more saved in retirement accounts at this point. We didn’t really start until a year or two ago and only invested 3-5% the past 20 years. We’re very real estate heavy. Got my 16-year old investing in her Roth already, she’ll be much better off in the future with a lot less effort.

@IrisP989 9 месяцев назад

Do you have a mortgage? A car loan?

@drevan1138 9 месяцев назад

@@IrisP989 nope

@CountryAggie80 10 месяцев назад

36 and A+ because I saved like crazy in my 20s, when I was single. Currently in baby step 3 trying to figure out how to budget with 2 new kids when my wife and I have never had to budget. Getting on the same page is a struggle, but fortunately blessed to have worked hard in my 20s to have a safety net.

@Joenzinator 9 месяцев назад

I did the same. Had to slow down my investing to just 5% when we had kids, and we were barely keeping the roof up. 3 years later and we were maxing out the 401ks. Just give yourself some grace during this period.

@stonewall11b1984 9 месяцев назад

39, B. I wasted my 20’s and only barely started investing at the end of my 29th year. 10 years later, I’m a hair over $300K. I’m encouraged to know I’m not doing too bad, but discouraged because I could be doing g a lot better if I was smarter when I was younger. I’m maxing out my Roth 401K and Roth IRA, but it seems like too little too late. I know that’s not true intellectually, but emotionally, that’s how it feels.

@DonutAgain 5 месяцев назад

Me too. Wasted my 20’s at school. With advanced degrees not even related to what I am doing now. I am maxing out 401k and HSA. Cannot do Roth IRA because of income.

@elisemedina2237 10 месяцев назад

Shared and liked! 🙌🏽

@ThatGuyOnYoutube2 10 месяцев назад

39 this weekend and sitting at $765,000. Started to really buy into the Ramsey plan about 10 years ago. It works people. Improve your life!

@prestonthomas5399 9 месяцев назад

We’ll done bro 🙌🏻

@Tialian 10 месяцев назад

41 and 35 and together we are in the A+ range but individually we would be a B. Teamwork makes the dream work! Looking to pay the house off next year and be debt free.

@abarr639 10 месяцев назад

Me and the mrs are 33, scored an A on this 40 scale. Been doing the ramsey way before i even knew ramsey. Thanks mom and dad for teaching me. They are immigrants from mexico with middle school education. Making them proud.

@beast_o4201 10 месяцев назад

Excellent video 🔥🫡

@LindseyHarvell-vc4ez 4 месяца назад

Husband and I are 35 and 36. We’re about $715k net worth. $315 house equity, $360 investments, $20k savings and $20k cars.

@Mamamischa 10 месяцев назад

My husband and I are 38 and 39 years old and we got an A+! Goal is to pay off the house by age 40 and be net worth millionaires!

@jahmeshacoffie1606 10 месяцев назад

Love this! Show me where I am, where I should be and if not how to get there ❤❤❤

@mandypdx 9 месяцев назад

45, A+. I had 90k in student loans at one point. Bought my first home at 22. And, been lucky that my employer contributes 12% to my 401k - I’ve been with my company for 20 years

@jneumonik 8 месяцев назад

Nice 12% is outstanding. My company only matches 7%

@ryebread447 5 месяцев назад

Is that in lieu of retirement?

@mandypdx 5 месяцев назад

@@ryebread447 401k is retirement

@cometasporelcielo 4 месяца назад

holy canoli that is quite an employer match! I was told I had an amazing one at 7%!

@spdog3344 10 месяцев назад

Age 31 and household net worth of 305K. Had some help from my well off parents with college/wedding/home down payment, but my wife had 120K student loan debt so we are still working on paying it off.. 8 years in and down to 22K left on it.. sloww grind, but worth it

@alijahgilkey1130 10 месяцев назад

Recently turned 20 years old, sitting at a networth of 133k with no debt. My car is 4 years old and paid off. I am currently renting but planning on buying a house once rates drop low enough for me to afford something small. Enrolling in college soon and will be able to afford it without having to take out student loans. I am an avid credit card user which I know you frown upon but I have never once missed a payment as I treat it as if it were a debit card. Cashback wont make you rich but it sure is nice to get something in return instead of nothing.

@DanielSaenz1987 10 месяцев назад

Congrats!

@15KHPCLUB 10 месяцев назад

I’m 5 and just became a billionaire.

@alijahgilkey1130 10 месяцев назад

@@DanielSaenz1987 thanks man!

@theinevitableend9412 10 месяцев назад

@@15KHPCLUB😂

@ses-ei7oc 10 месяцев назад

Good video! I am going to be 40 in a couple months. The "halfway in between diapers and Depends" cracked me up. I think I may steal that one. haha

@rindagraybill9054 9 месяцев назад

We have a solid B. Considering several of our life circumstances that's great for us! We read Total Money Makeover a year after I got out of grad school. Changed the trajectory of our lives and will be changing our son's life. Hoping he will have a better net worth than us someday.

@Outsider25E 9 месяцев назад

Currently a D student.. I’ll be 40 next month.. no one was teaching any of this stuff when I was growing up, so I have nothing in retirement yet. Plus side is I make decent money, and will likely have my house paid off in the next 2 years, so I’ll be doing some catching up.

@ehderguyyashootadeerorno2313 10 месяцев назад

Sweet, I'm 37 and I'm already an A. Great info. Stay out of debt, you will only make so much in your lifetime, do not give it all away to interest. Fastest way to eat up a paycheck is by monthly payments. Start young, and never take it out.

@anthonyaddario4653 10 месяцев назад

I’m 31 and am going to use this as my goals for the next decade of my life

@hostelride758 9 месяцев назад

Love your content. Thank you so much

@jacobj8632 10 месяцев назад

Fun to see how I compare at age 41. Thankfully I jumped on the Dave Ramsey plan in my mid 20's and at 41 I'm an A+ with a net worth of $1.8 million. And the first 8 years of my career was in the military, not exactly a "high paying" career field.

@spdog3344 10 месяцев назад

That’s awesome 👏🏻

@15KHPCLUB 10 месяцев назад

So what’d you do after that? How come you left that important detail out of your story?

@micahbaham 10 месяцев назад

Same here! I'm 41 and my NW is at $1.2 M. Did 8 years in the Reserves as well! Hooah!

@SoonerMike211 6 месяцев назад

I think military is a great career option. I just retired after 20 years. 42 at $1.8M. My salary was probably lower than the peers I graduated with who went into the civilian sector, but I just always lived well below my means and regularly invested.

@JW-ku7nn 7 месяцев назад

A+. Reached 1.3 million at 37. Going to community college for the first 2 years was a huge money saver. I also switched jobs every 2-3 years for a 20+ percent salary bump

@DonutAgain 5 месяцев назад

SDE? I also keep doing the every new job with 20+ salary bump thing. It’s just easier for engineers to do. I have tripled my salary in ten years. Probably not many careers can do it like that though.

@r8alvar 10 месяцев назад

Tripple thums up for the fleer 94 ultra X-Men reffernce. I had sfarted collecting this set but never finished it, but i did complete fleer 95. Man this takes me back.

@radioheadfanlove 10 месяцев назад

I'm basically at the point where the moment George is barely teeing up a joke, I already start giggling uncontrollably 😭 hahahah like he hadn't even gotten to the 'ketchup contributions' punchline yet and I was dying for some reason 🤣

@seantaylor6691 10 месяцев назад

I'm currently 34 (so not quite there) but man does 40 feel right around the corner. I'm currently rocking a B with a net worth of around $346k - $696k in assets, $350k in debts. Struggling to keep a balanced budget but I've got a bit of wiggle room. If I assume an average growth of 8% per year on my net worth, that should put me in A status with around $509k net worth at 40. The goal is to retire at 55 - wish me luck :)

@alexpietsch7997 10 месяцев назад

You gotta kill that 350k. That'll be the quickest route to raising your net worth to A+

@seantaylor6691 10 месяцев назад

@alexpietsch7997 286k of that 350k is a 4.5% mortgage. Not touching that, as it makes no sense mathematically. The remaining 63k is floating around 8.5% and I'm killing it as fast as I reasonably can. Which isn't as fast as i would like, but it is what it is. I've looked into paying it off with a portion of the 696k with my CPA and the opportunity cost of killing it outright currently exceeds the finance charges, so it stays in the short term.

@BigJohnM 6 месяцев назад

You got this. You got 6 years and it is amazing what you can do and how much your retirement can grow in 6 years if you keep on doing the right things! Trust me. I am basically your future self since I am 43.

@gordonleemovies 10 месяцев назад

Great video! I'm new to your channel but have been listening to you on Dave's show for years. I love the content and can't wait to see your channel's continued growth!

@kyler83 5 месяцев назад

Wife and I got an A, we are at about 615k at 40 & 37. The Ramsey books and videos have given us a true sense of direction! Just hit baby step 4, paid off 105k debt in 29 months!

@jessicah3992 10 месяцев назад

Millennial Jessica here 🙋🏻‍♀️. 38 and a B-. Thanks for the check up George!!! Time to get after it!

@heycourtney 10 месяцев назад

The Jake Triplett cameo! 😂😂

@backyardbaseball2 9 месяцев назад

Slight correction @ <a href="#" class="seekto" data-time="471">7:51</a>. Net worth in the scenario is not $852K; It would be the $852K in Assets less the $80K liability which gets you to $772k.

@GeorgeKamel 9 месяцев назад

Good catch. My bad for not hitting the calculate button! Multitasking has its downsides 🤣

@paulmokidespaul5347 6 месяцев назад

Good Job George 👍

@leeshoots838 9 месяцев назад

I’m not 40 I’m only 19 and videos like this inspire me to do better and to try to get an A+ my current net worth is around 70k

@yifeihu8447 8 месяцев назад

32, 300k net worth. Feel behind, aiming 1 million at 36

@toricollie4124 10 месяцев назад

This is such a helpful video! I am 27 years old and single. I was blessed to have the opportunity to purchase my first home about 3 months ago for $400,000. My current net worth is right around $163,000. I am debt free with the exception of my mortgage and get so excited to make extra monthly payments. Haha! Lord willing, I hope to have it fully paid off in about 6.5 years. George, if you see this, I’d love to hear your take on how I’m doing in this phase of life. Thanks!

@GeorgeKamel 9 месяцев назад

Watch my net worth by 30 video and grade yourself off that! I think you’ll be pleasantly surprised

@bradleyhowell4155 9 месяцев назад

Same here im 27. No debt. And im putting 12k a year in retirement and 5k in mutual funds a year. Still renting but im saving up to pay down half of a 100k home.

@JohnnyJohnJon83 Месяц назад

Age 40 with almost 2 million in net worth . However I felt more happier in my 20s with only 10k to my name. Life was less stressful , all my family and friends were all there. And money wasn’t a priority around that time for me . I would give up all my money to go back in time to that period.

@patrickferguson5928 10 месяцев назад

Thanks George, this is timely, as 40’s just around the corner. Quick question, what is your recommendation for retirement savings for those that have a pension? Contributions are automatically taken out of my monthly paycheck to help fund that, so should I calculate a percentage from that based on my salary and then put a portion of my take home pay into a Roth IRA until I get to 15% towards my retirement? Thanks again, really enjoyed the old millennial jokes. Stay Classy!

@aureliobjm 9 месяцев назад

I'm 46 with net worth backup of 17million. New or existing lnvestors that wants to get so rich just need to learn how to diversify their investment portfolio. Like spread your investments across different asset classes to manage risk. Then with growth strategy, focus on capital appreciation through high-risk, high-reward assets. With Income-oriented strategies, target regular income from dividend stocks or bonds. Works like magic!

@georgeh.5126 9 месяцев назад

It's actually not as hard as a lot of people think. Without a doubt, it calls for a certain amount of research that regular investors lack, which is why a financiaI adviser is frequently quite helpful. People are able to generate such enormous riches in the market in this way.

@MarvishaN 9 месяцев назад

I completely agree, this is why I decided to give a coach control over my everyday investing decisions. Their proficiency in research, specific knowledge, and risk management makes it difficult for them to deliver below expectations. They emphasize minimizing drawbacks while maximizing risk's asymmetrical potential. I have more than two years of investing coach experience, and I have made more than half a million dollars.

@tommyers0 9 месяцев назад

@marvishaN That's impressive!, I could really use the expertise of this advisor, my portfolio has been down bad. Please who’s the person guiding you?

@MarvishaN 9 месяцев назад

@tommyers The adviser that guides me is HEATHER LEE LARIONI. She works with Empower FinanciaI services. There are a lot of independent advisors you might look into. But for me, her strategy works hence my result. She provides entry and exit point for the securities I focus on

@tommyers0 9 месяцев назад

@marvishaN Thanks a lot for sharing, just looked her up and I'm super impressed with her credentials. I will be writing her shortly

@wellsHannahh 6 месяцев назад

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

@wineski 6 месяцев назад

Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 7years, I’ve had a financial advisor consistently restructure and diversify my portfolio and I’ve made over $3 million in gains… might not be a lot but i'm financially secure and that's fine by me.

@ktbfh 6 месяцев назад

that’s grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though.

@wineski 6 месяцев назад

Nicole Desiree Simon 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.

@icewa-fg 6 месяцев назад

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

@Lift4Christ83 3 месяца назад

Love the videos George! I'm 40, my wife is 37, and we're at a net worth of $508,000! And I'm in process of starting a new career, can't wait to see what the future holds! God bless anyone reading this!

@usamaahmed4139 9 месяцев назад

Thank you for making the Should be by Age 40 video. I saw the by 30 video and was hoping you will make one for by 40. Seems like I can get an A and shoot for an A+. Thanks George Kamel

@viewera8038 10 месяцев назад

Correction: Your net worth is not your asset balance...forgot to subtract the liabilities. (<a href="#" class="seekto" data-time="468">7:48</a>)

@chrisengletx 10 месяцев назад

at 40 i would have been a B, but in the 15 years since i've worked to eliminate debt and focus on growth and now am sitting at roughly $6 million. Just an encouragement that George's halftime comment was right on target. Spacejam!

@blessingadelakun866 9 месяцев назад

Wow, great. Please I'm curious though, do you mind sharing how you get to $6M net worth from 40 and how old are you now, this will help me please, can you share? Thanks.

@chrisengletx 9 месяцев назад

@@blessingadelakun866 sure. i'm 58. so 18 years later. 1. my house value rose and I simulatenously scrimped to pay off my mortgage- first by switching to a 15 year mortgage then putting every single extra dollar i could towards the principle every month. 2. maxing out 401k each year 3. i took every opportuity to purchase company stock in my company and it ended up doing very well.

@mattlennox7762 9 месяцев назад

A+ at 35! Been following Dave Ramsey and The Money Guy Show for a LONG time. Following the baby steps is very simple even for a tradesman like me lol

@jon34153 6 месяцев назад

"Simmer down and find some hobbies" Loved that! 😂

@user-se9hx6wp5r Месяц назад

Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!

@YorkshireBank-pb4gd Месяц назад

The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner

@VanessaWilliams-pu8vt Месяц назад

the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.

@Oscarfreeman-cn9rc Месяц назад

That's impressive! I could really use the expertise of this advisors, my portfoIio has been down bad. how can I contact them?

@VanessaWilliams-pu8vt Месяц назад

Whitney Kay Stacy is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@Patrickwalter-vi3fe Месяц назад

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

@alicegomez7232 9 дней назад

The difficulties that the current generation faces are quite depressing. I wanted to know how to use some money that I had. I used a small portion of it for online sales, but that failed. My primary concern is safeguarding my $300K stock portfolio from loss, but I'm not sure how to go about it.

@benjaminsmith3469 9 дней назад

Yes, things may be difficult now, but I've realized that there are always possibilities to make significant gains in bear and bull markets, recessions, and economic booms. I used to call people out when they boasted about making a fortune in these down situations, until I actually did.

@stevensmiddlemass2072 9 дней назад

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in digital currencies and other growth stocks..

@carter3294 9 дней назад

That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?

@stevensmiddlemass2072 9 дней назад

Monica Shawn Marti has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

@Emily-le2op 9 дней назад

Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled.

@OverlandFlorida 8 месяцев назад

35 with a net worth of 425k. Once I pay off the mortgage, it jumps to 645k. I invest 27% of my pay. Can't wait.

@ashleysawtelle8015 9 месяцев назад

I haven’t even finished watching this video yet, but I just have to say that I feel so called out about being an “older” millennial. I was just talking about dial-up internet the other day to a coworker (so of course I had to imitate the sound)…and my name is Ashley. Anyway, carry on!

@FredrickWerner 9 месяцев назад

Accumulating wealth requires the cultivation of strong habits, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital but often overlooked subject, which can come back to haunt those who neglect it. Earning money is only one part of the equation; preserving and growing it is equally essential. The lack of formal education on investments in schools is a glaring omission. The instances you mentioned are illustrative, with the market crisis leading to my initial substantial gains. While many shy away from challenging times, I've learned to embrace them, or at least my advisor does, with a touch of humor.

@Matteo-M 9 месяцев назад

No doubt, closely monitoring my portfolio's performance has been an eye-opener, with remarkable gains of $473,000 in just the last two quarters. It's given me insights into why seasoned traders can achieve substantial returns even in less-publicized market conditions. I must admit, this recent experience has been one of the most daring decisions I've made.

@Matteo-M 9 месяцев назад

I'm currently consulting with an advisor named Camille Alicia Garcia. You can consider someone else, but her strategy has proven effective for me, which is reflected in my results. She offers valuable insights on entry and exit points for the securities I concentrate on.

@Jarlus 10 месяцев назад

I'm still paying on a mortgage, so factoring that in puts me at a B (~360K). I like your videos, but the feedback that I'd give on this one is that it isn't all that useful to grade against people who basically started out ahead at 22, somehow manage to make to it to 40 without life hitting them like it does for most, and live someplace where they can somehow make a 56K salary work while saving at a 15% rate + a 15-year mortgage. Not saying that person doesn't exist, but that is not the typical experience for most 40-year-olds.

@HickoryHillArms 7 месяцев назад

right there with you - $376,500. 1 divorce will set you back quite a bit, especially when you factor in over $25K in lawyer fees for the custody battle. Worth every penny as I have Full custody of our daughter but the net worth took a serious hit.

@stephaniemoses1376 4 месяца назад

Love you George!!❤

@Makenaessman 10 месяцев назад

I’m 22 and about to graduate college in the spring. I am currently working on paying off all my student debt and should be close to paying it off by the time I graduate. I still have $4,000 left on my car but will pay that off once I am done with my student loans (my student loans are a higher interest rate and I want to do the avalanche method). Right now my net worth is $16k so I’m a D right now. Looking forward to paying off all my loans and raising my income🎉

@jaclyns6640 10 месяцев назад

Grade B - $251893 age 42😅. No house yet...

@user-xo1lg3nj8m 10 месяцев назад

Im Jessica and its my 34 birthday today 😂

@klopad57 10 месяцев назад

HBD JESSIE

@user-xo1lg3nj8m 10 месяцев назад

@klopad57 thank you so much! 😊

@AGoldieDog32876 10 месяцев назад

😂 Happy birthday!!! 🎉

@blueskyeclipse1200 10 месяцев назад

Happy 🎉Birthday, Jessica!!

@user-xo1lg3nj8m 10 месяцев назад

Thank you so much! ❤ 😊

@calebcharles9074 9 месяцев назад

I feel like I'm starting so late at 28 almost 29 but once I clear up these last few thousand dollars I will finally be free to really start building wealth unused to think 20k in an account was unattainable and a house was a pipe dream but I realized now it's all about how intentional you are.

@heathervenkat1414 10 месяцев назад

Turning 36 tomorrow and I'm rated a B... I know I'll hit A status by the time I'm 40 because of following the baby steps. Only started in June but the progress has been huge already

@SomeNerdSomewhere 10 месяцев назад

That elder Millennial joke hit a little too hard...

@thewindowguys7564 10 месяцев назад

762,000 41 in a week 🙈

@veronicas8315 2 месяца назад

I love that I get to learn and laugh when listening to George. What better combo is there? We have a C but we’re working towards that A

@beccathering7035 6 месяцев назад

If I am consistent for the next 6 years, I can easily be at a B by 40. My salary is controlled, but steady and consistent. Thank you for sharing this! It really helps to give you a goal to work towards.

@Hannahbenowitz 18 дней назад

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial increase. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does

@HildaBennet 18 дней назад

investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

@FinnBraylon 18 дней назад

Controlling my portfolio cost me losses in 2022. So, in January 2023 I sought advice from a fiduciary. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 78%.

@JosephineKenney 18 дней назад

Your fiduciary must be really good, how I can get in touch with them as my porfolio is not performing as expected.

@FinnBraylon 18 дней назад

I work with Sharon Lee Peoples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

@JosephineKenney 18 дней назад

Impressive, I took a look at her page. I set up an appointment. I’m looking forward to her reply, I hope she sees my message.

@azieltobias 9 месяцев назад

People grappling with the difficulty of meeting essential expenses often encounter this situation due to inadequate savings during their working years. The decisions taken in readiness for retirement carry extensive consequences, as demonstrated within my own family dynamics. Despite my husband and I having equal tenure in civil service, differing investment approaches yielded disparate results. Guided by a financial advisor, We are both retired and still earn monthly from our investments.

@mellon-wrigley3 9 месяцев назад

Indeed, that's accurate. I'm currently in my mid-50s. My husband and I were on a similar path until a couple of years ago when I decided to shift my investments to his wealth manager. While I haven't quite caught up to his accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.

@sloanmarriott5 9 месяцев назад

It's regrettable that many individuals lack access to such insights. I understand why people might become anxious. Insufficient information can indeed pose significant challenges. Personally, I've been able to generate over $25k passively simply by investing through an advisor, and the best part is, I don't need to exert much effort. Regardless of economic fluctuations, skilled wealth managers consistently deliver returns.

@louie-rose7 9 месяцев назад

*@shirleygarland4766* Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.

@sloanmarriott5 9 месяцев назад

Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ‘’Mary Onita Wier” is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.

@louie-rose7 9 месяцев назад

I've taken the initiative to research Mary Onita Wier online and verify her credentials. I'm impressed with her expertise, and I've reached out to her to share my financial market goals in detail.