Average Net Worth By Age (not what you'd think)

[@BryanMcCann-ks9jh]

I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.......

[@MargaretWeir-sw3er]

This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.

[@Calvertmarian]

I’ve copied trades from a licensed wealth manager over the past few years and its better than trading blindly on your own if youre an absolute newbie. It would give you a better understanding of what's happening but keep in mind that the success of copying another trader is dependable on their transparency. That's actually how I was able to raise a profit of $610K in a few months of active sessions.

[@MargaretWeir-sw3er]

Due to the significant dips, I require guidance in order to recover my portfolio and develop stronger tactics. Where can I find this advisor?

[@Calvertmarian]

My advisor is “Jenny Pamogas Canaya” I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@MargaretWeir-sw3er]

Thank you for the helpful tip. it was easy to find your coach. Before scheduling a phone call with her, I made sure to do my due diligence. Her résumé looks impressive, and she appears to be highly proficient in her field.

[@brownwellson54]

Thanks for increasing my knowledge in personal finance and investment, I recently subscribed to your channel. I want to give a big shout-out to all those working tirelessly to earn a living and build wealth during this recession. My husband and I are both retired and debt-free, and we're living smart and frugal with our money. Despite the recession, we're still earning passive income thanks to our savings and investments in the financial market. Investing lifestyle has enabled us to earn a steady monthly income through passive means, and we're grateful for it"

[@GhanYt]

Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Earlier this year, I hesitated and failed to take any action until now. However, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties.

[@bahijarhafiri]

I grasp the profound influence of Choler's insights on personal finance, and it's truly transformative. Despite achieving success in my investments, particularly with the guidance of my advisor Jenny Pamogas Canaya, I value the fundamental principles that Choler imparts. His teachings resonate with the fundamental values of financial discipline. It's inspiring to observe the synergy between different approaches, such as Choler's philosophy and the strategic investment planning facilitated by Jenny's expertise.

[@GhanYt]

You referenced your advisor, which piqued my interest. I'm keen on learning more and possibly seeking her guidance. Could you please provide information on how I can contact her?

[@bahijarhafiri]

You have the option to explore her online presence for more information..............

[@danfw194]

Interesting video (as always!). I think the most surprising aspect from these figures for me is the Physical Assets. Seems very high through all age categories. Other than a car, I'm struggling to think what could really make up such high figures, there's only so much garden furniture, televisions, and shoes you can own.

[@jackowens7636]

I suppose over the years spending on 'things' that aren't perishable are technically inflating the number

[@Reaper7963]

A I mentioned in my other comment. These numbers look over inflated. It looks like they are talking about household wealth rather than individual wealth. Saying the median individual aged 45 - 54 has a net worth of £277,000 would basically be saying the median household wealth for that same age group is around £500,000. I also highly doubt a typical 20 year old has a net worth of £20,000

[@Dr.JubairsFinance]

This video is going to perform really well, it's really well made!

[@ThatFinanceShow]

Thanks mate! I hate animating all the text 😂

[@FA9082]

These numbers are completely WRONG😂 There is no way the average 30 year old is worth £60k lol. Think he's taking average not median numbers which renders this whole video useless lol

[@artenesto288]

Great video! I have a question though. Net worth also includes debt, why isn't there any debt in any of the examples (Like student debt, or morgages) Or am I missing something?

[@michaelmorley7145]

The physical assets feels high. Checked the office national statistics but couldn't really work out how (specifically) they are surveyed. Assuming it's a pretty basic survey (simply asking a sample of households) how reliable would this be?. For example, people might be tempted to use the price they paid as a way of determining what they think their stuff is worth - when we all know that a tv bought for 1k is worth 800 walking out the store and little less than half in 6 months. One year later, 150quid or whatever CEX trade in price is lol. Personally I cast doubt over the assets but rest looks pretty spot on. Great vid!

[@FA9082]

These numbers are completely WRONG😂 There is no way the average 30 year old is worth £60k lol. Think he's taking average not median numbers which renders this whole video useless lol

[@gingermattb]

The tiny savings and investments numbers in comparison to physical assets across almost all the age ranges is mind-blowing. If you ever needed something to justify upping the focus on financial education in this country, those figures are it. But don't worry, apparently Uncle Jeremy is going to "help" us all this Autumn by finding ways to penalise anyone who's taken even a modicum of responsibility for their long term financial wellbeing and saved for the future in ISAs. Lord help us...

[@ThatFinanceShow]

Yep, that statement at the end showing where the wealth is held was so interesting to me.

[@Duncan94]

9:29 is quite the statement. Clearly more people need to stop being consumers and start being owners.

[@ThatFinanceShow]

I know. A really interesting insight I thought, made me stop and think anyway.

[@marklindsey552]

Hi Tom, New subscriber here as enjoyed the content ive watched so far. Do you know what a reasonable charge for a lifetime ISA should be? Ive seem Forresters Financial are charging 1.5% per year for a managed fund which seems a lot?

[@TheInvestingVlogger]

I was very surprised at first age group. I was expecting them to have substantially less. Nevertheless great video as always!

[@ThatFinanceShow]

You and me both!

[@Reaper7963]

A I mentioned in my other comment. These numbers look over inflated. It looks like they are talking about household wealth rather than individual wealth. Saying the median individual aged 45 - 54 has a net worth of £277,000 would basically be saying the median household wealth for that same age group is around £500,000. I also highly doubt a typical 20 year old has a net worth of £20,000

[@TheInvestingVlogger]

@@Reaper7963 Well you never know. Youngsters are becoming more savvy these days. They may have alot of their money tied up Bitcoin and Shiba Inu for what we know...🤣

[@andrewwing5086]

This has made me truly realise. It's not one size fits all. It's about a person's timeline to accessing your cash. If I own property, can I sell a window or a door to take a little out? I've got a warm coat.

[@susanlewis1953]

Surprised the savings and investment amounts are relatively low - aiming much higher than that - enjoyed the video - u always make me chuckle Sue 😃

[@ThatFinanceShow]

Thanks for watching!

[@davidwalsh9807]

Definitely going to look at that data

[@ThatFinanceShow]

Loads of interesting stuff in it, link is in the description

[@nozza1]

Great vid as always 👌

[@ThatFinanceShow]

Appreciate it!

[@lifestoryguy]

It would be interesting to factor in the monthly rental income you get from owning rental properties rather than just calculating the total value of the property you own. I mean, I own two rental properties that are only £100,000 in total value but they generate £8640 a year which is basically the equivalent of the state pension and I'm only in my 40s and I invest most of this into things like stocks and shares.

[@dondouglass6415]

Really interesting and very thought provoking... 😮

[@ThatFinanceShow]

Glad you thought so, me too!

[@jsmith9201]

Student loans missing from 16-24 group ! ?

[@u3vs62cja]

That’s not actual debt

[@Bossman525]

@@u3vs62cja It is debt

[@keepitreal1547]

Can you please state how/where the pension figures are made up from? Private pensions? The only pension pot I have, is what I've put in N.I contributions, does that count as zero?

[@fanfeck2844]

Yes, it’ll be private pensions. You’re state pensions isn’t a fund

[@keepitreal1547]

​@@fanfeck2844 Seems alot of money for private pensions, right through the age ranges. Plus they're not guaranteed in many cases. I wish the guy would have made it clear.

[@usefulrandom1855]

@@keepitreal1547 How old are you? The workplace pension has been going a few years now, my number in the that matches almost perfect with my age range, mine is a little higher actually but not much. I then add to my stocks ISA on the side.

[@fanfeck2844]

@@keepitreal1547 when I said private, I really meant workplace, where both me and my employer put in 7.5% each. If you start that around 20 years old it soon adds up. In the early years I was doing about 4% when I had more outgoings

[@jackowens7636]

Easy for me to say as im slaying it ;) but I'm 24 with a net worth of £72k 🎉😊 Renovating a house we brought in March :D

[@ThatFinanceShow]

Nice work!

[@rufdymond]

It’s shocking how little people have in investments - ie stocks, shares, dividend producing assets etc.

[@Reaper7963]

These numbers look over inflated. It looks like they are talking about household wealth rather than individual wealth. Saying the median individual aged 45 - 54 has a net worth of £277,000 would basically be saying the median household wealth for that same age group is around £500,000. I also highly doubt a typical 20 year old has a net worth of £20,000

[@ThatFinanceShow]

Yes household

[@geemoney830]

You’ve missed a crucial clarification- is this individual or household wealth?

[@ThatFinanceShow]

Household

[@Lakedistrictrider]

Per person or per household?

[@Reaper7963]

It looks like per household. The video implies it is per individual. A I mentioned in my other comment. These numbers look over inflated. It looks like they are talking about household wealth rather than individual wealth. Saying the median individual aged 45 - 54 has a net worth of £277,000 would basically be saying the median household wealth for that same age group is around £500,000. I also highly doubt a typical 20 year old has a net worth of £20,000

[@ThatFinanceShow]

Household

[@harrygmattin]

This was a great video - thank you. However I have to say that the physical asset figures were nonsense. You should value these assets at what you would get for them second hand, which is why I never even include the £1k that I could probably get for all my stuff.

[@FailedSociety321]

What is the point of having all that money when yr 65 and yr dk don’t work anymore

[@The45thClown]

You have 7 days a week free vs 2 days. So there are hobbies, eating out, holidays, giving money to family, doing Scrooge McDuck swimming in money - this is why it went down after retirement. 22 years struggling to make ends meet and rationing heating seems a miserable future.

[@FailedSociety321]

@@The45thClownI think peak time got to be 35-45yrs old. Anything beyond that you’ll just look like ass

[@ThatFinanceShow]

ermmm, for retirement?

[@FailedSociety321]

@@ThatFinanceShow tell yourself that in the mirror when yr 65 mate😂guarantee it will be a different story

[@ThatFinanceShow]

@@FailedSociety321 I’ll be retired long before that my friend. All in my control.

[@martinmowbray4304]

Noooo , what happened to the Jonathan creek hair ! 😢

[@ThatFinanceShow]

😭

[@servicestwo4754]

if property wealth is never more than £200k, how come there isnt a 3 bedroom home within the M25 for less than £600k? How come all the millions of homes in London , 4 beds start at £1m?

[@Reaper7963]

A large portion of people do not own houses and rent so they will skew the numbers down by quite a bit and some people are also in negative equity.

[@u3vs62cja]

Because the UK does not equal London?

[@servicestwo4754]

Yes but London is the capital and has millions of people that would influence the stats. How many towns outside London do you think it would take to equal the population of London? Like it or not London is the dominant population in the UK.

[@FailedSociety321]

Ain’t no 16-24yr old with 20k physical assets lol…20k car repayment loan yh😂

[@estephehusain]

Nice haircut 👍🏼

[@ThatFinanceShow]

Thanks! 😁

[@playingFTSE]

Yes! Mines bigger than average!

[@rogerc4963]

Your (future) partner is very lucky

[@ThatFinanceShow]

😂

[@maxb5957]

Max was here

[@ThatFinanceShow]

👋🏻

[@NightElff88]

Nice haircut! 👍

[@ThatFinanceShow]

Thanks! 😃

[@33LB]

i can't get my head around how a 35 - 44 year old can have a net worth of a whopping £146,000. these people must be saving huge sums of money or paying huge sums of money into their mortgage, and living off very little.

[@FA9082]

These numbers are completely WRONG😂 There is no way the average 30 year old is worth £60k lol. Think he's taking average not median numbers which renders this whole video useless lol

[@adams3741]

At 24 my net worth is 60k it's easy

[@ScipioAfricanus809]

The Argentinian midfield maestro is no more 😢 Grow it back

[@ThatFinanceShow]

😭

[@wakey87]

When you think your doing really well but realise it's just average lol

[@kwaichangcaine8234]

Sounds like y'all have more than the average American

[@Kalarandir]

Well, at least I have more than a typical 20 year old. 😁😁😁

[@ThatFinanceShow]

Keep going buddy