Are You Doing Better Than the Average American?

[@user55717]

Congrats on 500k! 🎉

[@LiamRappaport]

The survey was super easy, barely an inconvenience. Paused the video to immediately fill it out.

[@rayzerot]

It was surprisingly quick to fill out

[@Lucky008aau]

Ha!

[@nayelihernandez5350]

I understood that reference!

[@therealwallaceandgromit]

Same!

[@throwinshayde]

Always a fun shake up to see Rebie behind the desk!

[@DanRobards]

Wow Brian looks great!

[@Markazoid6041]

Really I think he looks 1000% better without the beard.

[@ariefraiser140]

I don't know ... something seems different. New hair do maybe.

[@rayzerot]

Maybe he's been working out?

[@ImVeryBrad]

He's a stud

[@carlgarrett5142]

Man, whatever new skin cream he's using, I think he's using too much.

[@keeganmurphy8662]

Congrats on 500k to the best Financial channel on all of KZbin‼️

[@Mary_J1998]

This is one of the only channels I've seen where the OG main host isn't present and the people he has under his wing take over flawlessly, usually when the main host leaves on most channels they don't get as many views or the entire channel dies off I firmly believe if Brian passed it down to Bo to be the main host from now on forever the show would only continue to grow at the same rate or better in time

[@shaereub4450]

What if Rebie became the host?

[@rayzerot]

​@@shaereub4450I dunno. If Bo wasn't here, who would be *so excited* ?

[@Thomask44]

If the average US investment balances are all well below $100K for all ages and you know it takes 7-9 years to reach $100K, then why is the lowest number you can click on the survey "less than 100K"? I hypothesize most people are going to be in this range and it would be nice to have more granular data (i.e. 0-25, 25-50, 50-75, etc) There is a big difference between $5K savings and $95K savings.

[@diligentDawg99]

similarly, I think having a negative net worth option could have been somewhat telling.

[@eedre4864]

I answered the survey. Will be interested to see how TMG audience fares. Are they more well off and further down the road or looking for education either due to just getting started or making financial mistakes?

[@Daveyjonesvi]

I agree wholeheartedly the ranges seem unrealistic for the average person

[@zachhecksel2920]

Same for the household income. $100k-$200k is a wide range and doesn't tell the best story (IMO).

[@judyla6673]

Agree. I feel like the ranges were more appropriate for the actual clients rather than their KZbin audience which obviously skews toward less/lower age, income, and assets.

[@robynseymour9212]

I’m typically a podcast listener but came on today to You Tube and subscribed!

[@ranep548]

The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

[@eloign7147]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[@rogerwheelers4322]

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

[@joshbarney114]

I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

[@FabioOdelega876]

Good gains! who is this professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow.

[@joshbarney114]

‘’Marisa Michelle Litwinsky’’ 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.

[@bigegames2019]

The survey was missing one big thing I expected to see. "Do you have a pension"

[@McWrisk]

This channel has blown up! Remember when I joined around 10k! Congrats! Look forward to visit Nashville!

[@VanGoghGlobetrotter]

I’m so exited for your 500k subscribers! Congratulations! 🎉 Well deserved! 🍾🥂

[@SlovoSanctum]

When yall compile the data from the survey, when showing the net worth responses could you please have a chart that separates it by income ranges? My SO gets deflated when hearing about people’s high net worth, when hers is well above average and she has a pretty average/median salary. I think comparing to her actual peers would be valuable information.

[@zachhecksel2920]

I also think they should have had more household income options. $100k - $200k is probably pretty common, but it's a wide range.

[@kuebby]

THIS PLEASE! I want to see how I'm doing against people who have earned as much as me. I mean, it would be nice if I had as much saved as someone who makes 3x, but it's not a direct comparison.

[@mpjsac8951]

I subscribed back when you were excited about nearing 100k subscribers, thinking I’d just support you since you asked. Little did I know it would turn out to be one of the best financial decisions I’ve made. The wealth of knowledge I’ve gained, along with your weekly encouragement and reminders to keep investing, even through the messy middle, has brought me both peace and confidence. It’s reassuring to be guided by those who have already walked this path and succeeded. Huge congratulations on hitting 500k - it’s truly well deserved!

[@mrjuvy49]

They are giving you graduate course level education, for FREE

[@joaoperes2258]

For me it would be beneficial if you guys talked about a cash management plan in practice, and with a variable income. Like which buckets and how to organise things, such as fun money, necessities and everything. Some practical examples would be great as I’m not in finance and sometimes some terms pass over my head. Great content as always and the only people I follow 💪

[@carlosjimenezfernandez7185]

Yes to this!!

[@chemquests]

Been watching them a long time and they don’t do anything around budgeting or cash management. They focus on the wealth building part and leave that topic to Dave Ramsey

[@joaoperes2258]

@@chemqueststhat’s exactly why I want to hear from them. Because Ramsey is not as flexible and, from the few episodes where TMG talks about this, they seem more flexible as long as your investment goals are met. And when they talk about it, they talk about the different buckets and meeting goals and so on. So it would be interesting to see them doing a deep dive, IMO. Also for me on a variable income I had to find ways to still do my investment and savings. So, yeah! I’d be curious to watch it. This is just me and fully understand if people tune in just for investment, house buying, cars, etc

[@pyperatkin8673]

Look into You Need a Budget (YNAB). Lots of great resources on their youtube channel, website, and subreddit

[@irish721i]

The survey was fun, but I wish there were more opportunities to enter narrative responses. A lot can be gleaned from raw data, but as you often say, personal finance is personal, so it can be enlightening to elaborate on the data in a more personal way. For example: To the question "At what age did you first take finances seriously?" I answered 16. I opened my Roth IRA as soon as I had earned income from my first Summer job. But I made mistakes. I only knew "Roth IRA = Good!" but I didn't know anything about investing, so those dollars I saved just sat in cash for years. It wasn't until much later that I learned that all investing isn't a risky gamble and properly allocated an investment mix. I was learning then, and I feel like I am continually learning now. There's not really a single point when I decided to take it seriously -- I feel like I always did -- I'm just constantly growing, learning, and evolving.

[@xaldath4265]

I also have a staggered history of financial prosperity, and even though the concept and attention was paid to it from a young age, mistakes were made, up to and including starting from a negative net worth at age 27 after cashing out a previous 401k and having consumer debt, getting a new car at age 28, taking a loan out against my 401k at age 29, and being out of work for 9 months at age 32/33. At 37, after taking things *serious* since 2020, things look good. Very good. Less than a year(estimate) from coast FI, by my estimation. These guys helped a ton!

[@maxinoume]

Same for me. I answered 24 because that's when I took the time to learn about investing and retirement planning but realistically, I could have answered 10 because that's when I started asking for money on my birthdays/christmas. I started doing this because what I wanted cost too much for a single gift so I needed to pool the money together and from 10 on, I never had a negative net worth. I always saved my money and never spent more than like half of what I "made". And because I started doing this at 10, it must mean that I had already learned it before 10. Not from my parents, though... They've always been in consumer debt due to bad habits. So I probably learned it from video games? I've always been careful with spending my virtual money because what if I need it later or what if I find a better item soon and wasted my money buying it. Thank you video games for teaching me about money when I was 6, I guess!

[@amabdall]

The problem with the average Erica is that once you have 20k saved you start thinking we can now take that Disney vacation or 40k you can now renovate that bathroom and raise your roof. It's like against people's religion to save money

[@Michael-uf1hz]

Because they have the wrong mindset. Money shouldn't just be saved, it should be invested to grow. Every dollar invested is worth multiples in the future. In contrast that Disney trip or renovation is costing your future self those same multiples of lost growth. Let's say the trip costs 10k but if you invested that same 10k for 25 years it would be worth around 60k in today's dollars. So the trip actually costs 60k. This helped me change my outlook. A simple change of prospective can be pretty powerful.

[@Daveyjonesvi]

@@Michael-uf1hzbut then you lack the experience of a Disney trip

[@zachhecksel2920]

​@Daveyjonesvi find a way to do the Disney trip for half the amount and invest the rest. Cheap vacations can be just as good as expensive vacations. Bring a portable grill and tailgate that lunch instead of buying food inside the park. Stay at a cheaper hotel, etc etc.

[@Michael-uf1hz]

@@zachhecksel2920 Very true, I'd rather replace Disney with something more affordable anyway, it is the most woke place on earth now, rather then the most magical.

[@LL-pq5uo]

​@@Michael-uf1hz -- Disney is so highly overrated

[@dennisshea9540]

Brian has never looked better than he does today.

[@rowddyone3570]

Hitting 40 with the husband, paid house 230-240$, and investable assets ~476K, living in low cost area in mid west

[@TheFreeRunPorject]

I’m not American but I really enjoy watching the show since 90% of the content is still great advice for my context. Can I still fill out the survey?

[@shueiji101]

Same here. Cheers from Canada!

[@daniellebittner13]

Also wondering this, from Canada too

[@Youknowwhoiam1234]

6:37 survey done took 5 mins. Congrats on 500k. Y’all are great!

[@jonahlim5977]

Hey I love what you guys do! I filled out the survey and got my free resources which included the military resources. There was one thing that no one really talks about that should be added, it’s called continuation pay! It’s an entitlement in which you can receive between your 8-12 year mark and is 2.5 times your monthly salary!

[@Szechieh1986]

I've done the survey and got my friends to do it as well. Although we are not from America - we are from New Zealand and Malaysia. Not sure whether it is helpful or not but we listen to you every week and look forward to your videos every week!

[@nursenellfa]

It says 500k subscribers!!!! Congratulations!!!!

[@kellin12]

Your survey doesn't ask about a pension. My retirement savings seem low, but I'm fully vested in a pension that will provide about $65K a year plus healthcare coverage for whatever medicare doesn't cover.

[@Fx_Avatar_Scott]

Agreed. What I do for my pension is look at the portable cash option amount for my net worth and just star it noting pension with the est yearly payout.

[@kuebby]

Does your pension take a chunk out of your paycheck?

[@kellin12]

@@kuebby 7.5%

[@EnduringFrost]

If a pension is not included, it probably doesn't include something like VA disability compensation either.

[@michellemadrid6049]

Would LOVE Money Guy to do a show on how to course correct if you're in your late 40s & 50s. Is it too late to bother with Roth if we haven't ever done one? Is there still time to invest aggressively or is that risky? Money Guy seems to target the young because that's the best time, but what about those of us who didn't find you until we're older & realize we've missed the boat. Is it too late for us to hope for mutant status?

[@jillhansen6216]

Ditto!

[@jp7852]

Roths are powerful tools for controlling current/future tax bases at every age. I am maxing mine and converting in mid 40s because my income is a little lower. My dad in his late 60s just started Roth accounts too.

[@MikeSTGL]

Could ask on their Facebook group to start with some details. Personally, Roth is too good not to do , never hurts to have some . Would start doing some Roth till you get a better answer.

[@jp7852]

@@michellemadrid6049 The only thong to watch for with Roth vs NonRoth is whether too much roth will cost you ACA subsidies when not employed. The there is a cliff for ACA subsidies in 2026, unless the Trump tax credits are renewed

[@Zombiebeast1995]

They always say that if you start late, then more of the burden is on you. You might need to save 30,40,50% instead of 25%. Certainly not too late, but you must do more heavy lifting

[@erikowren7894]

Did your survey. I thought the questions were well thought out. I would add additional questions for couples regarding each person’s individual information regarding collage etc. 😊

[@scottcampbell96]

The one question that I’m curious most about is how many millionaires use credit cards. I’m guessing close to 90% use them but don’t carry a balance from month to month.

[@TheJakobRose]

@@scottcampbell96 Their millionaire survey from last year said that 97% of their millionaire clients use credit cards and only 3% carry a balance month to month

[@tylersevo]

Survey filled out from your FB post alone. Now that I've seen this and your ideas behind it, I'm even more excited for what's to come! Congrats on 500k!

[@xaldath4265]

Congratulations on 500k! It's been a long road so far with many miles to go. 🎉

[@SkatingwithAaron]

Took the survey. Interested to see the results!

[@Hunter_Rich]

A financial mutant survey!!!!Christmas has come Early. Pumped to take it and see the results. 🎉🎉🎉🎉🎉🎉

[@turnej35]

Survey done! Congrats on 500k been here since the beginning and the content has done nothing but get better

[@juliekirkham8049]

I live in an area with a large Hispanic population. I was sitting next to a guy that said he drives a city bus for a living. He said he is saving money because his daughter is having a quincenera party and it costs $50k! I said I didn’t even spend that on my daughter’s wedding! It’s hard if your culture spends a lot of money on frivolous things.

[@chemquests]

It may not be frivolous in his culture; maybe that’s one of the most important memories for his family. I agree with spending responsibly but we all have different ideas of what’s”worth it” or valuable.

[@Blittsplitt5]

Damn 50k??? That's basically a full year of college.

[@vernshird711]

If you want to calculate a pension's value, take the projected amount in year 1 and multiply it by 25. That should be the approximate dollar value. If you have $500K in retirement savings and your pension will be $25K in year 1, then your total retirement fund value is $500K + $1,000,000 = $1,500,000. Don't underestimate the importance of a pension if you're fortunate enough to get one. A pension and SS can make a solid financial floor for you to build on.

[@kuebby]

100%. I'm so stoked to have the opportunity to earn a pension working for the government. If I stay long enough to max it out I can get like 40% of my final salary in retirement. It's like 7.5% of my salary to fund it, but imo that's money well spent.

[@maxinoume]

I would point out that the expected first year income usually assumes that you will continue to make deposits from today until your retirement. In other words, the 25x calc usually is what your pension WILL BE valued at in retirement, not what it's current value is right now.

[@vernshird711]

@@maxinoume Correct. My projected 1st year pension value now will also be different when I actually retire as I will have more time in and salary COLAs will take place. MD state workers contribute 7% of their salary towards their pension. The 25 multiplier is used as a projection tool to give people an rough idea of what their pension will be worth when they retire. It helps people with determining their desired retirement date. Of course inflation factors in as well so I need to plan accordingly.

[@hrw3mom103]

We’re already collecting an inflation adjusted government pension and disability. I’ve used annuity calculators to determine the overall value and it was far different than the 25x formula.

[@vernshird711]

@@hrw3mom103 Understood. The 25x is just a rough calculation used. Some pensions are fixed amounts while others, like yours, are inflation adjusted. Also, your retirement lifespan is considered too so the 25x is used as an average. Provided I live at least 25 years in retirement, mine will end up being more than 25x as well since we will also get COLAs.

[@kwilliams1958]

More Rebie out front. She is y'all's best Asset on the show, fellas! Congrats on the 1/2 million subs too!

[@JeffHady-sg8wm]

Survey was super easy. 🎉 on the 500k

[@jamesbecker4326]

Congratulations on your 1/2 Million subscribers

[@telerye]

next time you do your survey you should include a question on medical debt.

[@AFR0007]

Survey Completed! Excited to hear the data 📊

[@scottcampbell96]

Did the survey. Definitely glad to see a few of those questions, especially on credit card use and what age people started taking things seriously. I didn’t feel I could invest until I was in my 40s, so I feel like I’m playing catch-up.

[@AlyssaWolverton]

Just did the survey. Can't wait to see the results!

[@MKK-wg7fz]

Survey complete. Good survey! 👍

[@xexux3]

Great content!

[@jaywolff4971]

congrats on the 500K subs. happy to go take the survey

[@tannerboos]

When you refer to total monthly mortgage cost are you including or excluding property tax and homeowners insurance?

[@The_NomadNinja]

Congrats on 500k

[@abramtreadwell722]

I took the survey. I thought the check mark at the end where I “certified” that my answers were correct was a little strange for an optional survey.

[@mattr13579]

Survey was easy, in the future I would have appreciate more shows and details on government type retirement accounts. My spouse has one, and it is weird and seems to take the place of 401k. I was tasked with managing our finances, so knowing nothing about this is difficult.

[@Pandefly]

Kind of wish there was a section in the survey to say “I’m not American/don’t live in the US” because while I get their advice can be specifically American in a lot of ways, it’s also helpful for us non-Americans very often!

[@melodytime9189]

Congratulations on 500 k!! 🥳y'all deserve it!!

[@CJKilworth]

Went to take the quiz but I’m in the U.K. so backed out!

[@tressalewis7004]

Congratulations on reaching 500,000 subscribers❤😊

[@BeccaBrandt-ym8bs]

Survey done! I’m excited to see the data!

[@Jingles9071]

Can you all create a "how much rent can you afford" calculator? Thank you!

[@kuebby]

Just duckduckgo search for "how much rent can I afford" and all the top results are calculators

[@caitlinsmith5628]

Hello! I would just like to note that the survey does not ask for data regarding current students, which are somewhat important variables for your young mutants (like me!). E.g. future student debt, debt accrued in undergrad vs. grad, work status, ect. This might make it hard to get a proper understanding of where 20-somethings are at and worry about. Thanks for all this wonderful content! :)

[@topezrosser2759]

Finished the survey- I know it’s for mutants but I wish there were more options for the guys that are starting and approaching the 50k in investments. The guys building up

[@brycenicoljcu]

Hey! Love the show guys! I’m not an American (Aussie), but can we still fill out the survey in US$? I did and put my zip code as an Australian post code. Hope this is ok? (Wanted the free resources!) Love the show! Hope I didn’t wreck your data.

[@leitm3912]

should be fine, there have been plenty of other people commenting that they did the survey while not being in America

[@loborocket]

I am closing in this year on "financial mutant" net worth of 2x the millionaire next door formula. I think I will cross over in the spring next year.

[@kuebby]

Kinda like that saying, "There's no food that tastes as good as skinny feels," I think it applies to finance as well: "There's no car that drives as well as the one with no payments."

[@cceerr11]

I did the survey. Seemed like it assumed you were still working. Not much there for people already retired. I define a bridge account for me as "an account to bridge me from retirement at 62 until filing for SS at 70". It is all pre-tax and used for living expenses and ROTH conversions. Need to spend the pre-tax before RMD's.

[@protalleus]

would love access to those resources, but as a Canadian w/out a zip code, I can't do the survey.

[@SnowyCountryChicken]

You can just put a ZIP Code that is closest to a Canadian town, for example, international Falls, Minnesota or Seattle, Washington.

[@madsweis]

Survey was so quick and easy! I’d love to see more content on home buying. How do I continue to save when the prices don’t feel achievable on a single income? How can I afford a home that, even with a 20% down payment is more than the 25% guideline? With a first home, I can compromise on size and aesthetics but not location. With the median home price being $417k, how can home ownership be attainable as a first time buyer? Are there best practices for getting lower rates? Can I avoid HOAs? Seems like every community has them and they are unavoidable. Sometime $500-900/month!

[@pzykostyle3075]

Survey was quick. Not a fan of the “optimist or pessimist” question. I find myself in the middle there.. I’m a “Hope for the best, plan for the worst”-type, but I find that it’s just good for the soul to be as positive you can about your future and expectations.

[@aadityagupta250]

I went to fill in the survey but then I realised that this is extremely specific to USA. Your advice crosses all borders though! Love from India.❤

[@johnathanvale8634]

So.... No more Preston, Bo has a beard, and 500k subscribers? This level of change is unprecedented

[@chrisahyo9512]

Why does it take you guys so long to fix the low audio after the stream is over? Seems like a day. All love 😊 just hurts my ears when my next video starts playing lol

[@kathrynwhitlow7013]

Congrats on reaching 500k! Love your content! Excited to see where the survey will go. Some questions I would be curious about for future surveys: 1) How much of your retirement savings is from employer match (under $200k income)? 2) What step of the FOO are you? 3) What percentage of savings do you have in each bucket (tax-free, tax-deferred, and after tax)? Looking forward to the results!

[@johnd3557]

I did the survey today took only a few minutes honestly. I started taking retirement seriously earlier this year and do not have a company match 401k so decided to only mildly contribute to that but to actively manage my Roth IRA. I maxed that out my roth in July and have already netted a 22% gain so far this year. On top of the 401k already sitting at 15k in those two accounts since starting in February 2024. Hoping to finish the year at 20k and have it up to 50k by the end of 2025. I was lazy with my wife having a sizeable 401k since her company matches and has been contributing to it since she was in her early 20s. We could easily survive off hers but I have gotten to the age of why just survive in retirement and not enjoy it to the max and thrive? With Money guys videos and some others we are on track to be multimillionaires by retirement age not just net but in liquid.

[@eds7746]

Good morning Money Guy show.

[@hrw3mom103]

I’m a little disappointed in your survey. You talk about military families but didn’t ask in the survey if we were military. Our retirement investment % is low because we are a retired military family with a sizable pension, VA disability, GIBILLs for kids’ college tuition and healthcare for life. That makes us outliers in your study. The questions about when we took finances seriously is too general. It was a tiered progression for me. I made life and career choices because of my student loan debt. We started investing in IRAs in our 20s but it was a small amount. We bought homes several times when we moved to use as future rental properties. Yet it wasn’t until we decided to retire from the military in our early 40s that we got really serious and paid off all of our debt.

[@hrw3mom103]

I did not check off “military benefits” or “family finances” because we’re in our late 40s and already collecting all the military benefits. We have two kids in college and a tween at home. We are obviously at the most expensive stage of our life. Luckily we’re also at the highest income stage.

[@shakdown85]

Congratulations on the 500k!

[@Lucky008aau]

I'm super! Thanks for asking.

[@anderspedersen6750]

the house question, there really should have been a category under

[@OurPhantasticLife]

Just completed the survey ☺️ Some of my pain points i have are the technical or strategic things i can do while being apart of the FIRE movements.

[@leitm3912]

Hello FIRE friend, I listen to biggerpockets money podcast in addition to the money guy show. They focus a lot more on early retirement things that relate to me more. Id suggest checking that one out as well if we're not getting the more specific things from the money guys. Both are fantastic shows

[@alexandradarbyshire7433]

Did the survey 🎉

[@andiclemenza6476]

Survey is done and easy 🎉

[@RobWilliams007]

I’m 61 and still have cereal for dinner sometimes. We work long days and long commutes and hey, saves money too. But good cereal, like high up on the YUKA app.

[@ruhidgillani3507]

If I have 3 accounts, would I show up as a third of my total account balance?

[@emiliangrigore7250]

Done! Also congrats on 500k

[@tressalewis7004]

Bummer. I can’t feel the survey in because I am Canadian.😮

[@coya8coy175]

I filled out the survey, but not I know I’m kind of behind when you look at the numbers. I have a vested pension where I’m guaranteed a payout (based on income and years of service) for the rest of my life regardless of how much money is in the account, so the number isn’t as important there. I also have a Roth I’ve only been able to max out recently, to bridge the gap.

[@RogerAholt-f6x]

Surprised/disappointed you only asked about roth accounts in your survey. Why aren't you allowing information on traditional retirement accounts?

[@eedre4864]

They asked for total investments minus home, so they can deduce traditional/brokerage/checking/savings/CD’s/etc. by subtracting the Roth.

[@Atrus999]

They didn't just ask about Roth accounts.

[@kkarinalew8071]

Tbh the survey was a little discouraging! I’m 23 and all my assets (Roth Ira, 401k, investments, cash) add up to just below 60K. It was kinda sad to have to click 0-60k… but overall a good survey!

[@derikholzheimer3665]

Congrats on 500k!

[@Fernandosasx]

Waking up every 14th of each month to *210,000 dollars* it's a blessing to I and my family... Big gratitude to *Janice Isaac*

[@Quan-k1i]

I am 32 years old. I reached my first 100 thousand dollars in just three months. I started with 30k investing in Bitcoin ETFs and other dividend income. My medium-term goal is to reach one million dollars before I turn 45.

[@EmilianoLeonard-u7c]

Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you

[@EddieMaria-i5i]

I'm favoured financially with Bitcoin ETFs, Thank you buddy $32,000 weekly profit regardless of how bad it gets on the economy.

[@Fernandosasx]

*Huge thanks to Janice Isaac Owen, my inves tment coach, who guided me to achieve this success!*

[@CarolineGeolyn]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@CaptainPIanet]

I filled out the survey but as someone in the 0-5 year journey, but doing very well, I would have appreciated a little more granularity in some of the answers. The ranges seemed quite large for anyone younger than 30-35 years old.

[@spatty2589]

The Money Guy posts one of the "where do you rank" videos each week.

[@diligentDawg99]

I'd be curious to how much of the audience has a negative net worth (like myself). Apparently I have more the the median 55 year old in investments, but still a pretty negative net worth due to student loans. I am 24 years old and am on track to hit a net worth of 0 and invested assets of more than 1x my salary by 30.

[@patches1609]

Went to do the survey and i can't complete because I'm Canadian and Postal codes here have letters and the Zip code part doesnt allow letters

[@notaldonsmith1984]

Survey compete 👍

[@Lucky008aau]

52:27 How about a 15-year old car? It happens to be a Porsche Cayman and does stand out among the huge, new SUVs in the soccer practice parking lot. I paid $25k cash 5 years ago. And the kid and his soccer ball fit just fine in it.

[@muuserid77]

Does the first time 3% house down payment rule vary by age? I am thinking about buying for the first time in my late 40’s and am wondering how/if I need to think about it differently

[@xaldath4265]

@@muuserid77 Not really, no. If you *need* to go that low to get into a home and can afford the costs, then go for it, but use the checklist and make sure it's really time to buy. You *should* be able to put down 20% by your second home if you stayed in the first one "long enough", realistically. If for no other reason than you built equity in the first one over those 5+ years, you *should* just be more secure in your finances. Life happens, and sometimes we take steps backwards and have to deal with it, but 3% down on your first home assuming you keep the rest of the numbers in line is fine, even in your 40s. But also keep in mind that your 50s is when it's time to really dial in those *stay* wealthy behaviors and that might include a mortgage, especially if you are looking to get it in the near future, likely in the 6% range.

[@ensomining]

Competed the survey

[@GregJohanson-q4c]

How do we get back into the market with $5 mn money market and Treasuries at retired @ 67 yo safety?

[@Retired70sStar]

Completed the survey

[@yocobicus]

Soooo.. Soo. So. good. This is their best overall snapshot of (if this > then this). They really took a full approach while looking at all sides. I would say the thing that is the weirdest part of being a financial Mutant is the 11-month to 24-month part. Everything gets less "Fire" and more peaceful. I thought it was strange. I was like something is going to happen that will cause me to fail. Then it just does not happen. Yes life and savings goals got more complicated, but wayyy less stressful urgency events occurred.

[@Michael-uf1hz]

Link to the survey?

[@Zazu1103]

It's on the homepage of their website.

[@Michael-uf1hz]

@@Zazu1103 i must be blind i still don't see it Just refreshed nvm

[@MoneyGuyShow]

Take the Financial Mutant Survey here! moneyguy.com/survey

[@Michael-uf1hz]

@@MoneyGuyShow thanks friends! Love all you do.

[@infinitefire3648]

is it a big deal to have a financial advisor managing roth ira? i know people say its easy to do but i dont have a clue how to invest. thanks guys

[@Atrus999]

To me that sounds like it would be a waste of money. It's like paying someone to watch your laundry spin in the washing machine. You don't need to be a financial pro to invest you just need to do a little surface level research.

[@infinitefire3648]

@@Atrus999 Thats what i was thinking. target date retirement fund from what I researched is the best option to be automated .

[@CaptainPIanet]

@@infinitefire3648 Target date retirement fund or just investing in VTI (total US market) or VOO (S&P 500) are all fine options for someone that does or doesn't know what they're doing. If you want to get slightly fancier you can add a little VXUS, like 10%, which is the total world market minus the US market, in order to diversify a little bit. If you want to research more, this portfolio is part of the basic building blocks of the "bogelhead" theory of investing which is all about investing in low cost index funds and being very hands off.

[@outdoorsgodbolt1949]

I just did the survey, and it was fast, straightforward, and not too invasive. Please do it so we all get better data on the corresponding episode.

[@harnosand100]

I tried filling the form out as a Swede but I think my answers would be an outlier that would interfere with your results so I didn't send it in. For example, there are no tax-free retirement accounts I can invest in nor do banks here offer fixed-rate mortgages. Will be interesting to see how I stack up against everybody when the show about this comes out.