How Much Income You Need To Save (By EVERY Age)

Here's EXACTLY how much you need saved by every age, the average incomes from your 20's, 30's, 40's, and 50's - and how you can retire with as little as $416 per month. Enjoy! Add me on Instagram: GPStephan | PROMOTIONAL OFFER: Get FREE Fractional Shares when you sign up and make a deposit using my paid affiliate link for WeBull: a.webull.com/i/GrahamStephan
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AGE 20: Average Net Worth: -$31,571
1. GET A CREDIT CARD
The point is to begin building up your credit score as soon as possible, since 50% of your score is made up from your on-time payment history and how LONG you’ve had credit for.
2. OPEN A ROTH IRA
This will allow you to invest $7000 per year and grow your money COMPLETELY TAX-FREE by the age of 59 - meaning, by the time you’re older, everything is pure profit.
3. SAVE 20% OF YOUR INCOME
4. INVEST IN THE MARKETS
AGE 30: Average Net Worth: $42,339
1. GET A CREDIT SCORE OF AT LEAST 750
2. BE BAD-DEBT FREE BY 30 YEARS OLD
This means you’ve paid off any loans or debt that’s above a 5%-6% interest rate, you don’t have any credit card debt or personal loans outstanding, and besides the possibility of a low-interest rate mortgage or student loan…you don’t have anything weighing you down.
3. HAVE A 3-6 MONTH SAFETY FUND
4. AIM FOR 1X YOUR SALARY SAVED
AGE 40: Median Net Worth: $90,000
Average Net Worth: $319,000
1. MAX OUT RETIREMENT ACCOUNTS ANNUALLY
2. MAXIMIZE YOUR EARNINGS
3. HAVE A BUDGET - NO MATTER WAHT
4. KNOW HOW MUCH YOU NEED TO RETIRE
The rule of thumb is that, for a 30-year retirement, you’ll need to have anywhere between 25 to 30x your annual spending invested in order for that money to last you without running out.
AGE 50: Median Net Worth: $290,000
Average Net Worth: $1,300,000
1. HAVE 7-8X YOUR SALARY SAVED, OR 10-12X YOUR EXPENSES
2. BE CLOSE TO PAYING OFF YOUR MORTGAGE
3. HAVE A CLEAR PLAN FOR RETIREMENT
AGE 60: Median Net Worth: $490,000
Average Net Worth: $1,600,000
Top 1% Net Worth: $14,338,000
1. AIM FOR 10-12X YOUR SALARY SAVED UP
2. PAY OFF YOUR PRIMARY RESIDENCE
4. BEGIN WITHDRAWING FROM RETIREMENT ACCOUNTS
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.

[@GrahamStephan]

-Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/15Sz6ZlMOT7tSijfstN_NdpAnvyiMigHJGPmHx6gNM68/edit?usp=sharing -PROMOTIONAL OFFER: Get FREE Fractional Shares when you sign up and make a deposit using my paid affiliate link for WeBull: a.webull.com/i/GrahamStephan

[@kazi1]

Hi

[@darlenedevegan7401]

One of my friends is having so much trouble. She owns a home and has two roommates , and her mortgage is only $400 a month, but she can barely afford to pay her bills and buy food 😢 Ever since that old man took over the white house, nothing is affordable.😧

[@regtalkswealth]

​@@darlenedevegan7401Sleepy Joe 😂

[@bethcarducci9935]

I'm sorry, but you are adorable. hehe

[@101SassyJ]

Are you talking about saving your Gross or Net income?

[@black-square4141]

The literal second I turned 18 I had a roth opened. Best decision of my life!

[@GrahamStephan]

Nice!!!

[@rayzerot]

Congrats! That puts you ahead of 95% of your peers. You've got this!

[@black-square4141]

@@rayzerot thank you for the encouragement! 😃

[@person-ie1fe]

How long ago was that? How big is it now?

[@black-square4141]

@person-ie1fe Good question! My first payment was on March 1st, 2022. I set up automatic depositing at the beginning of each month of $500. So far, I contributed $12,000, and the net worth is currently $14,696.16. I'm thinking about still contributing another thousand to last year, though.

[@TravisCalderwood24]

I’m 23 with a 116k net worth…I’ve made 50-65k since I was 19. I’m a mail carrier for the USPS and I work as many hours as they let me. I’m forever grateful I had parents that encouraged me to live at home rent free to save for the future. I now live in San Diego in my van being able to have fun with my money and still save and invest 30-40%. I’m doing this all for my future family!!! “Today is hard, tomorrow will be worst, but the day after tomorrow will be a sunshine”Patience, dedication, and consistency 🤘🏼

[@Dvxit]

Doing a good job! I’m also 23 but only 50k net worth so far

[@mariah12809]

I'm looking to apply with usps and get out of wildland firefighting. Would you be willing to share if you do city or rural, and if the hours are too much for you (can you do forty if wanted)? I can live frugally, but I can't take the busy summer hours anymore.

[@TravisCalderwood24]

⁠​⁠@@mariah12809I do city and no the hours are not too much I’m taking of advantage of my young healthy body while I can I love being out in the sun getting my cardio in so I don’t have to do it at the gym and you’ll be doing long hours until you become a regular then you can choose to be on the overtime list or not. And the faster you work the earlier you get off (most of the time)

[@brilove7023]

⁠@@mariah1280940hrs? Not as a CCA or RCA.

[@ImVeryBrad]

You guys are killing it. You will tha k yourselves in 10 years. Good job

[@dealforbet8888]

Your videos have truly changed my perspective on finances for the better. Thank you for all the valuable information!

[@GrahamStephan]

You are so welcome!

[@iAmPineappleMan]

Wow, I’m 21 and I am doing significantly better than my peers yet I felt I was so behind. Thank you for providing this information

[@spdog3344]

Same, crazy how we only compare up.

[@jeffconboy7146]

I’m 37 the fact that you watched and took some of this video to heart your miles ahead at your age. I can attest that these habits work I’m well within the target range for my age group and i followed all of these habits

[@Michelle_Sanders561]

Retirement becomes truly fulfilling when you possess two essential elements: simple financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. My question now is how to get a good fianancail advisor that I can invest with and have good returns before retirement age .

[@Stone_624]

I'm 29, I've checked (and exceeded) every box in the 20's and 30's , While making about 1/3 the average salary.

[@veronicavids]

So grateful I started watching financial advice videos around 19. I'm really proud of the milestones I've hit so far and prepping for the ones right around the corner. Thanks Graham (:

[@coledean8845]

Good work !

[@cristianeziojaramillochave4687]

I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!

[@THBbon]

Thank you Graham for enriching so many lives! 😊

[@ogjohn3063]

I will be forever grateful to you, your channel changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt . thank you ❤🧡

[@graceepp]

Is it the woman this KZbin Channel told us to join during the pandemic?

[@ogjohn3063]

Yes , me and my husband joined her. and things has changed since then financially .

[@graceepp]

how can I get in touch with her ?

[@ogjohn3063]

l n s t a g r a nn

[@ogjohn3063]

Caroline Seymour Trade

[@bluemaroon7451]

I really appreciate the verbal table of contents in the beginning of every video ❤

[@GrahamStephan]

You got it!

[@Atrus999]

Thank you for all your great videos! I've been saving for years but didn't start to plan for retirement until my late 30's. I think because I realized my life was already more than halfway over and I was starting to see the finish line. I started making some aggressive investments in ETFs and videos like this one have made retirement SO much easier to plan. Keep it up!

[@user-yf5re3xo8f]

Thank you so much, Graham! I have been craving this type of content that does not allude to some outcome that is unpredictable! This was so refreshingly data heavy!

[@sai-ep5ku]

Love the content. I have reduced the number of bad decisions i make after starting to watch your videos. I am slowly getting there. Thank you

[@Keller615]

Hope you see this Graham. You are a genuine KZbinr, and I love your content as somebody in high school trying to be like you. Keep up the great work.

[@GrahamStephan]

I appreciate that!

[@ivanvalentine2399]

Thank you for teaching me financial literacy at 21 years old. I started watching you at 17 and now i can say I'm ahead financially because of you. You taught me how to be frugal and to watch what I spend. I will meet you and thank you in person ONE DAY!

[@GrahamStephan]

Looking forward to it! Keep it up!

[@Peglegkickboxer]

Keep saving and don't buy too much in your 20s as it's very easy to fall into bad habits at a young age. Your 30s are your 20s but with money and they're way better but only if you set yourself up in such a way. Ignore hype culture (fancy clothes, Starbucks, new cars, jewelry, etc) I promise you as someone who escaped extreme poverty, it gets so sweet when you get to 30 and have no debt, savings, investments, and cash to burn.

[@yuedans]

Literally

[@DanielPerez-dt5dm]

My Blcktken300 shorts are doing pretty well and I plan to hold much longer.

[@insomniacsupremacy]

Hi Graham, I know you get a lot of comments under your videos, but I simply could not hold back on expressing my gratitude for your work on KZbin because you seriously changed my life. I started watching you at 17 and started setting myself up financially, putting as much money in a market weighted total world index fund ETF utilizing registered accounts, maximizing my credit score and points utilization and adopting a long term mindset on life in general. Im now way older and I’ll be starting soon my career in personal finance to preach those crucial steps while sharing my new found passion for personal finance. I’ll be forever grateful for the spark you gave me and changed my life for the better. I know you received some hate on KZbin but no one can steer from the fact that your tips and mindset are the gold standard to anyone starting in personnel finance. Wishing you a great day man.

[@CharleneCong]

Loved the video! Really puts into perspective how important it is to start saving early and keep at it consistently. The points on age-specific saving goals got me thinking about how crucial a budgeting strategy is in hitting those targets. A lot of people who don't end up with saving enough money is because they don't know how to budget well. Personally, i found that a mix of the 50 (necessities )/30 (fun)/20 (saving and investing) rule and tracking expenses work really well for me. Thanks for sharing those thought provoking numbers at the beginning!❤

[@pyrotron5953]

Hey Guy it's Graham here, this made me feel so much better, i'm 30, thank you!

[@Yusuf_Ali_Syed]

Thanks a lot Graham, you’re awesome!!

[@zacharysoderberg1099]

Your content is great as always! Keep it up!

[@GrahamStephan]

Thank you!

[@xitscamilleee]

Thank you for your videos! I appreciate how they’re genuine & nonjudgemental towards “normal” income or even low income people. Lots of financial youtubers would immediately balk at the median incomes, but they’re the reality of life for lots of folks!

[@adamrobert312]

Thank you for the valuable insight. Freaking love you, Graham!

[@MrBrickLayer]

Great information and content as usual. Thank you! ✔️

[@pricklywiggles]

Money makes cents put out a nice video about this this weekend

[@Cerberus33268]

These type of videos probably dont perform as well as the more "dire headline" videos but I will say they do a lot of good. I started watching Graham because of these initial videos and my net worth is above 400k because of it. Thank you Graham and I hope you continue to sprinkle in these type of videos for other people like me when I was younger 4-5 years ago.

[@BrickbyBrickWealth]

Amazing video! Lots of great tips!

[@OroborusFMA]

Learn the power of the snowball effect. I started out slow, slow, slow. Barely worth $100k in my early 40s. Just turned 60 and I'm worth $1.16 million. Fully intend to reach $2 million by 67 and then retire, but not claim Social Security until 70.

[@AnonymousYTUser]

Last week on The Ramsey Show they were talking about how if you claim your social security as early as possible and invest it you’ll have way more than if you wait to claim it. I highly suggest you look into that!

[@unitedfan6722]

@@AnonymousYTUserVery interesting take

[@kiratz123]

10x your net worth in 20 years? How sway

[@cody5596]

From everything I’ve looked into, that isn’t really true. His assumptions are pretty optimistic and it would have to be invested in a risky portfolio at an age where you should be more conservative.

[@cody5596]

Dave is awesome at getting people out of debt. For most other things, it would greatly benefit people to do actual research and do their own math. There are a lot of variables that go into things like that and he’s very surface level most of the time.

[@Officialkalvinn]

i have been wondering this for weeks. you read my damn mind. THANK YOU GRAHAM

[@LainieCea-jj6ds]

Great content. Thank you so much for this video.

[@skbansor7279]

Thank you for teaching, really appreciate with best wishes.

[@benmathew8773]

Thanks for this Graham loved your previous serious allowed me to hopefully become more serious about my financial life. 😁. Hopefully reach my desired finical goals.

[@GrahamStephan]

Awesome!!

[@patriciaduenas1321]

Another great video. I hope young ppl learn from this knowledge. I'm retired and don't worry about finances because I saved and invested while I was young.

[@marckuhnmak]

Awesome info here Graham!

[@user-ds1yq5wm9g]

Graham, you're the effin' man. U rock.

[@greenlantern1986]

Man, I wish someone did this research for expenses, because that is WAY more relevant than income.

[@sfowler1017]

Yeah I want to know how to save 20% when you make the median salary, have kids and childcare, and no partner earning.

[@General8675]

Expenses are much more personalized than income. Graham talks a lot about coffee. But for most Americans, the issue is transportation. Many Americans have too much car in thier lives, buying new cars or even expensive old cars with car payments.

[@kabloosh699]

​@@General8675that's a good point, but I think right now if you're looking for reliable transportation you're likely going to need to get something that is worth 10-20k and that's if you're only looking at a 4 door sedan. If you're looking for something with a third row for a larger family I'd argue you would need to look more at the 15-25k range. Going lower to that puts you at greater risk of the vehicle failing on you and now you're spending 5k for a major repair.

[@oshitomaha]

⁠​⁠@@sfowler1017well, you got some options. These options don’t care about your excuses. So here they are: A) make more income B) actively seek a partner that can contribute with income C) minimize your expenses. The last option is the most doable. Check your bank statements and determine (audit) all the garbage you’re spending that isn’t necessary. Example: DoorDashing, every day coffee, kids unnecessary expenses, terrible car loan, accumulating interest on credit cards, etc. Also, it’s very important to ask your self is this a WANT or is this a NEED. Many people confuse this and justify their need for something that is really just a WANT. Good luck!

[@xxtoptankxx6873]

@@sfowler1017simple. Not hard to understand. Make more, spend less……. Surprised you couldn’t figure that out

[@vfrank222]

You make this information so digestible (especially for right-brained people like myself who shudder at numbers, lol). I feel so much better knowing I’m actually pretty well off compared to others in my age group! Started investing back in college and it was such a great decision 😊 keep up the great work!

[@connorevans5056]

Great video! Thank you!

[@ModernDayDebate]

Thank you, Graham

[@leeshoots838]

I want to say thank you, Gram. I found your videos when I was about 15. Now I'm almost 20, and I have followed your advice. I stayed out of debt and learned some skills. Last year, I made about 88k, and I'm on track to make more than 100k this year. I am also saving for retirement. I got into some debt, but I have paid it all off.

[@moonknight4053]

You’re making over 90 k for work?

[@gabrielplaysguitar7728]

@@moonknight4053a lot of people 20-23 here in Wa just go intro trades and make over 80k my brother is 24 as a plumber making 105k

[@gabrielplaysguitar7728]

@@moonknight4053just waiting to graduate to start my apprenticeship and get that money

[@evilbetty00]

What's is Graham it's guys here!Las Vegas local subscriber! You rock my man.

[@GrahamStephan]

Ah thanks!! What part of Vegas you in?

[@WheatGrinding]

Something to keep in mind - your salary is going up over time, so multiple times your salary means a higher and higher number. This is a feature, not a bug - save it anyway

[@kingslymeseventruly]

Goated video brother

[@jacobfreeman5054]

Grahams 1000% return video changed my life and I’ve been getting insane value like this ever since thanks!!! 🙏😁😎

[@Yard_Machine]

Love your channel man.

[@animal_yt1]

First main channel vid I’ve watched in a while I guess I clicked because it felt personal

[@ChivoXL909]

My 16-year-old niece started working at Walmart and I had her start investing 25% of her check to her 401k and told her if she keeps this investment percentage throughout her working career by the time she gets to my age (40) she more than likely will not have any worries about money or retirement.

[@sfowler1017]

Pretty easy to save 25% when you have zero living expenses.

[@ChivoXL909]

@@sfowler1017 Easy yes, but how many 16-year-olds will actually do it? I would guess not many, I know when I was working at 16, I had to give my mom half of each check and the rest I spent on clothing, eating out, and jewelry. I probably would have just laughed at anyone trying to talk to me about investing back then. I feel it is critical to start at such an early age when it is indeed easier to invest money since there is no bills, plus building this money habit will make a world of difference later in life since time in the market beats timing the market.

[@General8675]

@@sfowler1017exactly, this is what paying it forward and making sure your kid is set up for success looks like.

[@General8675]

Great job helping your kid learn good habits early!

[@abril9607]

That's a solid list! I'm also big on Blcktken300 , avalanche, algo, and matic too.

[@factor_null]

I also like the financial habit/tactic of saving and investing until it hurts rather than a defined percentage. So you have very little left in your chequing account just enough for typical expenses.

[@GrahamStephan]

That works super well!

[@CaedenV]

Saving a larger percentage at a younger age helps you get ahead waaaaay earlier in life, which can prevent you from getting derailed when life doesn't go your way... but temper that with the fact that life is meant to be enjoyed. A large sacrifice early, for years more enjoyment in the future is a good plan... but don't save for no reason. Define your goals, and when they are met, absolutely slow down on saving so that you can enjoy your hard work.

[@1Billyon]

Great Information!🙂

[@GrahamStephan]

Thanks!

[@safeword_whiskey]

Thank you Graham

[@DoctorTelefono]

Glad I'm way ahead of others in their 20s. I see some of them really struggling and I'm glad I'm not in that position

[@elpro7640]

You should do a new video about Blcktken300 ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!

[@radar_x8613]

A fool and his money are soon separated.

[@Smart_Think]

Graham, after five years THANK YOU for finally saying hi guys its graham correctly. Took long enough 😂😂

[@StitchPlaysGuitar]

Cool thanks bro 👍

[@GrahamStephan]

Second comment!

[@benjaminlanning8375]

Point of this video is start early, if you don’t then you are more than likely going to struggle later in life. Average salaries mentioned are well below what the current determined median salary to live today. I’m above average in the categories and still cannot understand how people can afford to live with children.

[@JohnnyMills123]

Although there is the importance to allocating everything you can to retirement, please remember the fact inflation is a key reason many people end up having to retire later than previously expected. If you plan to retire in 2060 on a $50,000 yearly allocation, at a 2.5% interest rate from now until then that would only lead you with about $20,000 in buying power. Do what you can but don't forget about your buying power in the future.

[@sheilaflory2541]

Back in my day, there were only traditional IRAs and the maximum contribution was $2K.

[@Noeaskr]

Might be an over the top goal but I calculated 2.5 mil was needed if I wanted to retire at 50 and be able to take out 100k (inflation adjusted) each year. Currently on track for that.

[@michiganman845]

Are you Scotty Kilmers son? He can stop moving his arms either 🤣

[@GrahamStephan]

It helps retention 😅

[@Chinchi0123]

@@GrahamStephanlol!

[@josephfield6903]

@@GrahamStephanstarts throwing hands everywhere to increase retention*

[@republicunited2183]

I love Scotty!

[@livwake]

So there’s this place called Italy

[@blackbriarmead1966]

I’m pretty happy with 20k at 21. It’s more breathing room than I’ve ever had, but I’d prefer 50k due to monthly spending being 4-6k per month for two people. Saving in 401k and paying off 10k in student loans along the way

[@laneshoemaker7189]

Great thumbnail. This is what I needed.

[@Fernandacardoso-rb4zs]

In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.

[@Mikejj2-]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?

[@turhanreyhan-jj5cj]

I agree,based on personal experience working with an investment adviser,I currently have $1m in a well diversified portfolio,that has experienced,exponential growth,is not about having money to invest in stocks,but also you need to be knowledgeable, persistent,and have strong hands to back it up.

[@chiarasmith-wc4ib]

How can I participate in this?I sincerely aspire to establish a secure financial future and am eager to participate.who is the driving force behind your success?.

[@coke8077]

Also for people under 20, you can obtain both a custodial credit card, and brokerage account under the age of 18 (in most states). The earlier the better when it comes to investing, saving, and building credit.

[@GrahamStephan]

Yeah! Very true!

[@jeffrounsville4961]

Great video

[@caleb4717]

This video taught me that I am apparently doing better than I thought I was.

[@randomthomas2947]

As soon as I turned 18 years old, I opened both a Roth IRA and a traditional IRA. Every single month, I diligently contribute $400 to both accounts. Now at 20 years old, I am already witnessing significant gains. 5:14 I also have a 765 credit score 7:25

[@Lherrerajr78]

You had $800 dollars a month free to save at 18?

[@randomthomas2947]

@@Lherrerajr78 Yes, I did. I have been working since the 7th grade. It’s not about how much you make; it’s about how much you save and how good you are at budgeting that makes or breaks it.

[@kingcarter2727]

@@randomthomas2947Exaclty!

[@michaelhanson7810]

I’ve got it! Gram you were a music producer in a previous life and that’s why you can’t keep your hands from flailing around

[@Mps-ew8kw]

Love your video

[@josephfriedrich9792]

I realize my jobs pay( Hyundai) is stuck in the early 2000s. No raises, no performance reviews, nothing. I take that back, our commission is reduced depending on how much we sell. So they are keeping us stuck, right where we're at.

[@Greenham1988]

@GrahamStephan when you do videos that have specific information by age (or any other demographic), you gotta add section markers in your videos man!

[@Mister6]

Just to add some hope for your older viewers. I only started being smart with money in my late 30s and taking it really seriously in my mid-40s. I'm about to turn 52 and I've managed to get ahead of the curve in terms of ensuring I have enough for retirement. It took discipline, dedication, and getting out of my comfort zone with regards to investing but it was so worth it. Things are now more or less on auto-pilot financially for the rest of my working career. Something I haven't seen you mention in your videos (and I don't know if this exists in the USA) is income protection insurance. I have that set up for myself here in Australia such that I am guaranteed sufficient income for at least 10 years should I lose the ability to work. That's tied to longer-term life insurance. Both of those are tax deductible investments that were well worth making to cover my family and me if the worst happens.

[@jonathanhenriques2459]

Thank you! Love your content

[@GrahamStephan]

Thanks so much!

[@Jepsperspective]

I really like your video and I have to say that I'm really in line with what you say! I have saved a lot of money by now thanks to suggestions like this. I'll try to create some similar content too following your amazing inspiration! Thanks

[@brettco20]

Look into HSA if your employer has a plan. They may match some of your $ and it is good to see it grow when you are young and not going to the doctor much.

[@Rule_62]

Hey @Graham, thanks for the amazing info! I had a question though: will you be doing a recant or revisit of the video about corporations buying up houses?

[@GrahamStephan]

Probably not unless I see some substantial new evidence

[@regtalkswealth]

Damn it I'm screwed I'm in my 30s and I don't have what I should for my age bracket 😂

[@max3eey]

Regyapswealth

[@corrySledd]

Putting half of my Salary into my portfolio at the start of each month has always been my approach. My second approach is to hold off on selling for at least five years, but as of late, my portfolio has seen a significant fall with losses of around $65k, Please what can i do?

[@maddysys]

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

[@sheltonPston]

The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.

[@chrissmurrayy]

How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.

[@sheltonPston]

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

[@chrissmurrayy]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@user-ph2qg1iz9u]

GROY and AG 🚀🚀🚀

[@youknowwithMartyKauffman]

Could you make a video about the GT?

[@jesus_marin]

Blcktken300 trajectory is fascinating. Share your insights!

[@m4tthi3u]

Good stuff

[@GrahamStephan]

:)

[@user-xx6hs2qv3s]

Great talk from a 67 year old with a paid off home and living off interest !! You re so smart !!

[@mmmm69420]

it’s good to see that my $-800 isn’t as bad as I thought it was - gives me a bit of motivation, thanks!

[@LifeisaPhotoOp]

A paid off primary residence - better to sell and downsize or keep and rent out, then rent someplace cheaper?

[@schw0373]

Graham, here's an idea: do a contest where one lucky winner will mentor with you over the course of a year to improve their financial situation. It would be a lot more hands on than what Caleb does, so yes it would a time commitment. But someone like me, who is WAY behind in terms of retirement, would be eternally grateful to you, and you could turn it into a long term video series. And it seems like it would do extremely well. Kinda like Mark Manson but for finances.

[@SilverLumberjack]

Hey Graham, thank you for your content throughout the years and can you tell Jack that Chris Williamson is the man, just in case he didn’t know that yet 🤣

[@ZaneDouglas1]

The only thing I might add to this is that if you are in your 20’s and trying to figure out what you will need in retirement, make sure you account for inflation. You can use an online CPI inflation calculator. When I started investing for my future back in 1993, I determined I needed one million dollars to retire comfortably by living off a percentage on my nest egg, but for the same buying power today I now need it to be just over two million dollars, and I’ve had to make adjustments to double the balance of my initial goal to retire with the same comfort level. Keep that in mind when calculating what you think you might need, and revisit that calculation regularly.

[@bradydeslippe1700]

Hey. Big fan of your content from Canada here. I imagine this mentality is the same for us and, if that's the case, I'm well on track. I would love to see your take on the Canadian systems/accounts/markets.

[@RossLemon]

It was weird seeing this video in my recommended feed right on top of your video titled "How much house you can afford by salary" with the exact same thumbnail lol.

[@_D3adB0y_]

Could we get a video explaining what you should be doing during specific market conditions to help us poor/middle class people get ahead in life?

[@acarzt]

A paid off home is great, but it's definitely NOT a "fixed cost of ownership" Homes appreciate in value which means taxes and insurance goes up. Older houses also need more maintenance. Your paid off $300,000 house can become a $1,000,000+ house and you can no longer afford the taxes and insurance on it. It has already happened to a lot of people here in Austin, TX where I live. Not to mention a lot of home insurance deductibles are based on the value of the home. That means, for example, your $3,000(1%) deductible increases to $10,000+ which means incidents that would previously be partially covered by insurance can become completely out of pocket.

[@alezcoll]

Joined the Army, got my college and medical bills paid for free, began my Roth TSP (the military version of Roth IRA) when I joined, then got to live in Italy on the American dollar while saving and investing. Probably the best decision of my life, knowing I will never be at negative $30,000 net worth, thousands in debt in my 20s. If I had stayed home, I probably would have just to pursue college in California.

[@mynthproject]

Oooo this will be juicy

[@GrahamStephan]

:)

[@Antonio-os7eh]

Thanks!

[@GrahamStephan]

Welcome!

[@dpreed94]

You've probably answered this question before, but when you say "income" typically do you imply gross income? Love your videos, very inspiring as a 29 year old early in my career

[@EthanInnes-uk3qn]

already have 30k in retirement, 240k net worth at 24,, Graham does give good tips that most people should know, no 401k match at my company starting a roth 401k next year so that's all in HSA and Roth Ira

[@onlinegamer9118]

Is it possible for you to do a concreit real estate investing app review? I would really appreciate it. Nice video by the way.