How I Manage My Money at 25 (Income, Investments, Saving)

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[@candicelevine3220]

Freak in the sheets??? Hahahaha🤪😂

[@alexnewell8580]

Honestly love the idea to have IRA payments stop in november. Can utilize that money for christmas/holiday gifts without or barely effecting monthly budget.

[@caribdude8151]

Happy 5/24 Day Jake! 😁

[@ItsMeCJ]

Wait a second….that intro caught me completely off guard especially since I’m just listening and not watching 🤣🤣🤣🤣🤣

[@thirtynine392001]

Great video! I've been watching your channel for a while now and just subscribed. Keep up the good work!

[@jakemercure]

Glad you liked. Thanks for subscribing!

[@ant7158]

🔥🔥 bro

[@SpencerChewitt]

That might just be the best intro possible for a video about finance 😂 good stuff Jake

[@SpencerChewitt]

And the best outro lmao

[@jakemercure]

AYe man, just gotta keep it real like that. Glad you liked Spencer 😂🤝

[@LK_EBM]

Very cool video, I appreciate the transparency. Interesting to see how different people live, especially in a high cost of living area

[@jakemercure]

Glad you liked! Ill share more of this kinda thing soon

[@KeyKEYadventures]

Hahha the ending, love it! Thanks for the transparency

[@eg3961]

interested in more of $ rather than %, how much is rent? how much is your NW? how much do you spend? etc

[@jakemercure]

Will do, I also like those style of videos too

[@stinkinlincoln926]

I saw three rent amounts on the Excel sheet. NYC, NYC2 and Chicago. I took it as he has 3 apartments.

[@jakemercure]

@@stinkinlincoln926 that would be crazy, I wish.

[@figureitouttalk]

Great video bro!

[@jakemercure]

Thank you so much

[@Matt_Lopez]

Sofi believer over here also Jake ! Automate my savings , vaults for vacation , nights out , leisure etc. change my spending habits completely. Rule #1 of saving- can’t forget to save , if you don’t have to remember , Automate it !!!

[@animolofficial]

SoFi doesn't have a transaction limit for their savings account, so why wouldn't you just funnel everything in there and set everything on autopay to not have to worry?

[@jakemercure]

I actually do that but didnt mention in the video. it all auto transfers at the end of the month to pay from the checking account. I guess I could just hook the savings account routing directly to my CC accounts tho

[@CesarJoel]

Very good plan Jake!🫵 Thanks for the info.👍

[@jakemercure]

Thank you Cesar, you the man!

[@Xavier_ID.]

Good stuff man! This is how you do it 👍🏼Goodness next on your list an IUL insurance policy? 😂

[@jakemercure]

I think so, researching options and possibly an HSA too. working my way up the financial literacy ladder

[@naparqalria]

if your employer offers a Roth 401k, do it.

[@jakemercure]

I dont think they do unfortunately!

[@Sinisterniinja]

Good job on this video, felt like I was sitting next to you listening to you talk

[@jakemercure]

Im glad you liked it!

[@JakeVanderPloeg]

Good stuff Jake. Nice apartment!

[@jakemercure]

I might make an apartment tour soon!

[@JakeVanderPloeg]

@@jakemercure I’d love to see it!

[@Ehtizan-Editor-001]

Hey Jake, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

[@TripPhillips]

Tax rates can only go up from where they are today, use a Roth 401k if you can

[@jakemercure]

Great point, I would use a Roth 401k if I could

[@TheAndrewLopezFinancePodcast]

EA SPORTS, it's in the game! lol but actual question, why not take the money going into the fidelity brokerage account and put that into your 401k? you could lower your taxable income even more

[@jakemercure]

How would that work, im sorta confused

[@dylanschang6386]

Also, do you feel the need to diversify away from S&P in your retirement accounts? Considering they're all concentrated into the same 6 tech stocks, theres no guarantee we will continue this wave of juiced prices in the top of the curve... I diversify into emerging markets/international as well as US small cap. Higher volatility but diversification there may add higher returns over long time

[@jakemercure]

Will get some Total stock market investments soon

[@JazzyMarineVet]

A nice mix of investments, needs and fun accounts. A good balanced approach makes living a bit easier because you can save(short term), invest, and have money for your aspirational travel. Time to set up that wedding fund :-) ring, wedding, honeymoon- then house downpayment. ehhehehe soon, you will be🎱⛓❤‍🔥....just part of the journey...so embrance it😍

[@jakemercure]

Im def really excited to be working towards my future, its nice to have everything setup and worry free. Best part is the awesome things I get to do because of my long term plan. House would be awesome

[@zannyd]

if available, contribute to the roth 401k

[@jakemercure]

I wish I could

[@frogads]

if your employer offers a roth their match is also roth money

[@jakemercure]

I wish they did

[@benchoflemons398]

Aren’t you a little young to use a pre tax 401k instead of a Roth 401?

[@jakemercure]

yea, I would do roth 401k if I could

[@benchoflemons398]

@@jakemercure I think if you can do in service conversation / rollover then you can roll over your pre tax 401k contributions to a Roth IRA and then pay the taxes on the conversion.

[@carsonbarry7117]

Cheeky DeWalt tee. Stud.

[@jakemercure]

thank you my friend

[@dylanschang6386]

finance nerd who uses google sheets? something aint adding up lol. Anyways it looks like Numbers - I just watched the intro so I'm sure I'll find out soon. I use Numbers and think its fine