What Percent of Your Income Should You Invest? (With Data)

[@humphrey]

Make sure you are subscribed to the channel! Access my stock portfolio and our community chat here ⬇ whop.com/critical-wealth

[@johnh4686]

My favorite Personal Finance channel on YT, keep up the awesome work. And thank you, Humphrey!

[@TheComp_Troller]

Looking forward to the 2 videos per week!

[@R-FighterR-po8hj]

Nice video bro! What do you think of CHILIZ (CHZ) a lot of new partnerships and a price target of 3 dollar the upcoming few months. Your thoughts?

[@PhilipMurray251]

Net worth snowballs after $1M. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

[@Robertgriffinne]

My advice to everyone is this: if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portfolio is doing really great and I'm proud of the decisions I made last year.

[@tommychestnut5335]

People often underestimate the importance of CFAs. Over 50 years of data reveal that those who work with CFAs typically earn more than those who do it alone. I've been fortunate to work with one for 4 years, resulting in a $400k portfolio, largely from early investments in AI and other growth stocks. Aiming higher and nothing can stop me now!

[@Patriciacraig599]

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

[@tommychestnut5335]

Kathleen Cheryl Constantz 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.

[@Alejandracamacho357]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

[@ncolon2516]

I'm only 23 and have been watching your videos for a close to a year now.. I just used a retirement calculator and discovered that I already have my 401(k) on track to retire with over a million dollar by investing just 9-10% of my income! Along with other recurring investments I have in single stocks and ETFs set up plus automated transfers to my savings each paycheck. I really feel that, with your help, I've been able to set myself up for financial success long-term even when coming into adulthood during a difficult economic time! Keep making great videos please!!

[@pete5691]

While dollar cost averaging, take advantage of dips in the market especially when young…5-10% dips happen periodically as well as 20% dips more rarely-take full advantage of them.

[@michaelhutchinson2854]

Only? Your basically halfway into your 20s!! Should’ve started at 18!!

[@ncolon2516]

@@michaelhutchinson2854 Like most public schools, we didn't have real financial literacy courses available at my high school.. And starting in early 20's is a lot better than most people 👍Thanks for the needlessly negative comment though

[@pitita585]

@@michaelhutchinson2854are you actually insane? What value have you added here?

[@ericsmith3812]

@ncolon2516 great job! You are way ahead of the game. Keep it up. Let that compounding interest build.

[@JoshuaMartins-sr7ez]

I just turned 54 and awfully late to investing with barely any portfolio except my 401k. I have a decent amount saved up and with inflation and tax rates. I'm getting worried about retirement. How do I best optimize my savings?

[@Adam-dm8wg]

Retirement is a bit more difficult than it was in the past, it's all about balancing your risk tolerance with your long-term goals. Consider speaking to a Finance advisor to help in diversifying your portfolio to spread out the risk.

[@RomanFranklin-lr3ri]

Is it? I honestly think the market is looking good, but I still believe having an advisor is crucial to navigate the market and moderate your risk especially if you're planning for retirement. Their expertise can really help you make informed decisions.

[@TeresaMicheals]

Agreed, I've always delegated my finances to my advisor, since suffering major portfolio loss early 2022. I'm now semi-retired and only work 7.5 hours a week with barely 25% short of my $1.5M retirement goal after subsequent investments to date.

[@NicholasSebastin]

Impressive!! How can I contact this Advisor? My portfolio has really underperformed, and I need guidance.

[@TeresaMicheals]

My CFA, Joseph Nick Cahill is a renowned figure in his field. I recommend searching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.

[@austinbar266]

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 51 years old, recently retired, 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]

This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?

[@joshbarney114]

Finding financial advisors like Natalie Noel Burns 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.

[@JoshuaKerr-m4u]

Despite my best attempts to save money, contribute to early retirement, and become financially independent, the economy has sucked out a large portion of my assets since the epidemic. I want to know if I should continue to diversify my investments or if I should look into other industries during these erratic times.

[@DesireeJames-q1z]

You should look at stocks , they look to be the biggest beneficiaries of AI and Data centers , also DCAing into a good ETF too ...Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@RobertBrown..]

I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

[@DavidLucas-so8rr]

You appear to know the market better than we do, so that makes great sense. Who is the coach?

[@RobertBrown..]

"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.

[@trazzpalmer3199]

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

[@cur244]

Automated makes it so much easier. It's rough at first, but after a while you adjust. It's nice knowing that you're saving and can't spend it.

[@humphrey]

definitely.

[@cur244]

@@humphrey Thanks for providing so many good videos for people. It's much needed information and you're helping a lot of people!

[@nicolasbenson009]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[@BridgetMiller-]

True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

[@Michaelparker12]

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.

[@berniceburgos-]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

[@Michaelparker12]

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.

[@HectorWhitney]

I am going to look her up right away on web, I have about $220k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.

[@sylvia-ys3kp]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024.

[@Solana-Army751]

Wow that's huge, how do you make that much monthly?

[@sylvia-ys3kp]

Honestly speaking.... I will continue to trade and stick to Sylvia daily analysis and guides as long as it works well for me.

[@bryanvaughn2]

The first time we had tried, we invested $4,000 and after a week we received $16,400. That really helped us a lot to pay our bills. Cheers from the North 🇨🇦

[@tim.morris77]

please educate me, i am willing to make consultation to improve my situation.

[@patwalmick272]

No doubt! I never knew sylvia nicolas had gone viral. I decided to back up my assets and property with her when we met at a conference in Boston Massachusetts🇺🇸 for the first time.

[@dntl408]

Your content has helped me a lot in the last few months. Thanks, Humphrey!

[@OroborusFMA]

What you want is to have as many income streams as you can manage. I have my "9 to 5" job, teach two online courses, run a home business (business partner handles the details), a Fidelity dividend account, a couple of I-Bonds and a number of CDs and an online savings account. Because of this I put 20% of my base salary into a tiaa-cref account and my employer tosses in another 10%. So I'm saving over thirty percent at all times and don't even miss that money.

[@humphrey]

Agreed, good on you!

[@johnh4686]

10% employer match is outstanding. Congrats!

[@moonknight4053]

Damn how much u reeling in altogether?

[@BirchFinance]

Great commentary, Humphrey. Personally, I deliberately create fiscal scarcity for myself by auto-depositing pay check money into my IRAs first before it hits my bank account. Then I have less cash for non-essentials and have to stick to my budget. Saving for retirement is so un-sexy, but just like going to dentist isn’t fun - later, you’re glad you did it!

[@humphrey]

love that my friend!

[@unitedfan6722]

Great to do this. I have to ask, how did you calculate your percentage? I personally try to split my savings into pre tax, taxed, and taxed cash. Do you prioritize pre tax and come up with a number which put you check to check?

[@funL1F3]

just food for thought. you know you can’t touch your IRA prior to a certain age? If you are disciplined, which you are, you may want to allocate some of your savings into a taxable brokerage so you could retire early. something to think about.

[@mdel310]

Investing should be as much fun as watching paint dry lol

[@BirchFinance]

@@unitedfan6722 Great nuanced question! I really just try to put away as much as I can stomach without having to live a spartan lifestyle. Balance to everything. Right now I'm at about 21% post-tax savings (it goes into my Roth IRA). Then the rest of my paycheck gets auto-deposited into a few other accounts: long-term savings (non-retirement), brokerage (for semi-liquid index funds), and regular checking for day to day expenses and sushi :)

[@AverageAmerican-m2m]

My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.

[@BrianMattews-i7t]

Not a great July so far but if you step back and actually look you will see the S&P 500 was up for the first Quarter. In the last 30 days, my IRA saw a gain of $70k. You might also consider financial advisory looking at your capital.

[@user-567-ut]

I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?

[@Dwayne-765t]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@Ruki_VDoctor]

Scam

[@jcmphreek]

Gold is always a bad investment. Better to just do a HYSA

[@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

[@Dave_East]

The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?

[@Miakate-f3l]

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.

[@Helen_white1]

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

[@Lewistonwilliams-f5i]

bravo! i'm 56, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?

[@Helen_white1]

I work with Jessica Lee Horst as my licensed advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

[@DhanaPayar]

Thank you for sharing, I must say, Jessica 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 a call

[@maltmode]

Great video! I know you've touched upon it, but real estate is a great way to "retire early" while still making money with passive income. I plan on going heavily into this very soon and a chunk of the money I have saved will go there instead of the stock market or a high-interest savings account, then I plan on reinvesting the money I make from that back into it over the course of 10-15 years (while still also putting some into Index/ETF funds and my Roth IRA), so my plan is to retire, or even semi-retire, with "passive income" from real estate before my Roth IRA is even accessible.

[@RickMckee-nq4ni]

AI stocks will dominate 2024 and beyond. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.

[@AstaKristjan]

I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.

[@aigajenkinson2495]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

[@veniceblackwood2931]

mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time

[@aigajenkinson2495]

Just research the name Kristin Amy Rose . You’d find necessary details to work with a correspondence to set up an appointment.

[@veniceblackwood2931]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website;

[@CharleneCong]

Really good stuff! Finding the right balance between saving for later and living it up now is key. From my own experience and chatting with ppl who watch my stuff, being able to switch things up with your money plan is a game-changer. Like, at first, you might spend more on learning new skills or schooling, which is an investment in itself. Later on, you can start putting more into stuff like stocks or savings. The trick is to keep tweaking your plan as life changes. It's all about making sure your cash is doing the best for you at every point. Love the vibe of sharing and learning together. Keep the awesome videos rolling Humphrey!

[@humphrey]

thanks Charlene!!

[@matturner8]

I plan to get into the fin market putting a portion of my income monthly, I believe consistent and steady growth would have me rewarded in some time, I wonder though if there’re smart ways to go about investing, picking and selecting stocks? I’ve recently tried but have been met with red on my portfolio, I’m open to options

[@frankbarnes22]

I think you should become more passionate about investing, if you don’t become lifelong learner you won’t make profit.

[@suzannehenderson5]

Everyone has means and unique ways of operation, the point is ensuring you’re profitable, I’ve seen my $170k startup surpass a million and its been only eighteen months having an FA guide me on my investments. It’s a necessity going about the fin market if you want to be profitable nothing can match professionalism and experience.

[@suzannehenderson5]

Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

[@greekbarrios]

My strategy is to put half my income into the stock market at the start of every month under the careful supervision of my CFP, regardless of what is happening. The second part of my strategy is not to sell for at least 15-20 years. Time in the market beats timing the market. Speaking with a $1.1million worth of portfolio and counting.

[@chocolatemonster949]

Nice

[@selenajack2036]

Just sold a property in Texas and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[@kaylawood9053]

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

[@hushbash2989]

true, despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately 950k that same year. In reality, all I was doing was getting professional advice.

[@bsetdays6784]

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

[@hushbash2989]

I'd say a little due diligence on “Lauren Marie Ehlers” truly exceptional..

[@roddywoods8130]

Thanks, I just googled Lauren and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@FrancisWilliam-mv8tv]

I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it

[@Theodorebarba]

As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk.

[@Miakate-f3l]

The truth is that 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. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market

[@Lewistonwilliams-f5i]

Wow! This is just mind-blowing. I have set aside $480k since the start of the year, but I've been hesitant to go into the market by myself because of fear of a crash. How about you recommend your financial advisor, please? I could really use some help.

[@Miakate-f3l]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Jessica Lee Horst for the last five years or so, and her returns have been pretty much amazing.

[@berniceburgos-]

Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Jessica.

[@goatmodegaming]

I have most of my money invested, I’ve made like 60% off it too in just a year, passively. If you’re a teenager, don’t miss out, put your money in index funds and stocks you believe will do well. Just my opinion.

[@humphrey]

wow thats awesome. congrats

[@conansredbowtie]

This gave me some relief. If my numbers are correct, I can actually catch up to my ideal goal if I just put in a little more effort and have a little more discipline.

[@Thedonron12]

Great video! Saw your interview with George C. with Ramsey Solutions and that was great too. I'm 34, single and no kids investing 35% of my annual income (120K+ annual earner) with no debt minus small mortgage passing half a million in net worth this year.

[@humphrey]

awesome. We have a video with George K going out on this channel in a week or two, stay tuned!

[@somehandle215]

You sound like me. I have been recommended to get an umbrella policy for the first time at these benchmarks, so might be good for you look into that as well. Good luck!

[@mwedzi]

One flaw with all these median account balances studies done by the brokerage itself just looking at balances is that many people do not hold all their retirement assets in a single account. Mine, for example, are spread across 3 accounts. A good alternative to median balance studies is research done by the fed that gets at people’s total account balances. Compare the opening chart for highlighted age group which had a median balance of about 71k to Fed figures for same age group of about 185k. Still not enough, but over twice what Fidelity reports.

[@Wheredanielat]

Love your videos Humphrey!

[@humphrey]

thank you :D

[@philiplieu3889]

Been binge watching your channel to be informed

[@dazza4345]

❤ your channel .Great advice . 🇮🇪

[@humphrey]

thank you!

[@curefansc]

This was a great and very realistic video, thank you!

[@xxurukaixx]

Good Video but I'm missing the Inflation factor. 56k Today has a much higher purchase power than it will have in 30 Years from now. Take that into account.

[@RobertBeedle]

I'm trying to take that into account in my video on wealth growth. ❤

[@Mr._Du]

Simple answer is spend as little as possible, save as much as possible. If you save 10% of your income, you fund one year of retirement every 9 years. If you save half your income, you fund one year of retirement every year. If you save 75% of your income, you fund 3 years of retirement every year. Maybe not possible for people just scraping by, but anyone making $100k+? Start saving *more*! When you learn to live off less, not only can you save more, but the number you need to save for retirement also permanently goes down. You'll also probably be happier.

[@Ben-fr3pm]

One thing to keep in mind is that the How America Saves report relates mainly to participant accounts so the reported deferral rates will be lower than the "true" savings rates of Vanguard clients. Hopefully it is much higher considering the "stick to it" mentality that Vanguard clients tend to have!

[@csizzle24377]

Humphrey. What is the diagonal metal rod against your door in the background? What purpose does it serve? 😂 Thanks and great video as always.

[@ron9665]

9:13 trying to Time the market - I have heard many people say this; however, I have not seen anyone run figures for someone that does NOT try to find the market lows, but instead sets their Dollar-Cost Averaging at 15% or 25% (whatever) AND THEN add in more any time the market drops by 8% (5%??) during a month. It may take a crystal ball to know when the market has hit its lows, but it doesn't take one to know when it has dropped significantly. The idea is that the market will eventually go up, then your DCA will catch these, but adding more at each low would catch even more gain.

[@owl8664]

Last year I saved about 15% to my emergency fund/general savings account and 5% to employer 401k with 5% employer match. I also have a vanguard account that I'll start putting money into once I reach my personal savings goal.

[@jehan9]

I am 35 and only plan to work until 40. Will be investing 4k monthly for 5 years and that's it. At 60, I will have $3,614,516.33 at 8% yearly return. 🙏🏼

[@duanes2000]

I am fortunate that my company contributes 12% towards my 401k, so I contribute the same to get 24% a year. In a couple years, I am going to max out my part of the contribution.

[@DariusPiggott]

7:11 love the dr. strange B Roll

[@Raymondcraw1967RaymondCrawley]

I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?

[@BrewerVera]

I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

[@VanessaWilliams-pu8vt]

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

[@VanessaWilliams-pu8vt]

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@obesia1873]

Not me acting like paying credit card debt is investments because I cant afford anything else

[@Anngrl69]

Well Humphrey has said paying your high interest debt is like getting an instant high yield return lol

[@humphrey]

This is true @@Anngrl69

[@dianarabbanii2]

I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.

[@NatalieFormor]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@NatalieFormor]

MARINA CAROLINA NICE 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..

[@MathiasLaurel]

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.

[@Bosshog-WealthHealthBetterment]

A nice summary, thank you.

[@tressalewis7004]

Good info.❤

[@GOATED1973]

IIIIII LOVEEEE THESE VIDEOS!

[@lt5339]

I put 30% of my income investing stocks and crypto. Aiming for retirement in 2030😊

[@nielp91]

Good luck

[@almost41632]

you must not have kids lol

[@notNaB2024]

Crypto as a guaranteed retirement investment? Idk, sounds sketchy.

[@Raphanne]

If that's what you want, good for you. What will you do after you retire ? For me, I don't think I would want to retire early. I think I´ll still want to work after my retirement, even if it's for fewer hours a day. 😅 I like the structure, goals and sense of accomplishment it gives me.

[@silvertitan5054]

I hope most of that is going to stocks

[@Ss-dz6cm]

I would love a video with how this differs in a dual income, dual 401k situation. I watch these and by myself, I am somewhere between average and where I should be. But is that plenty considering it is a little less than half of our total 401k savings?

[@michaelswami]

Thank you for this. May I note that studies based on 401K balances present an incomplete picture. I have zero in a 401K, but substantial assets in taxable brokerage and Roth accounts. Fidelity says I’m behind, but my account statements say I am fine.

[@cadetofmarmion2014]

Why not take advantage of 401k tax benefits if it’s offered?

[@michaelswami]

@@cadetofmarmion2014 well it isn’t. But it is tax deferral, not tax avoidance and it converts long term capital gains and qualified dividends into ordinary income, taxed much less favorably than a taxable brokerage. I think I know where tax rates will be in the future and I believe it is a mistake to defer paying Taxes until the rates go up.

[@herewego..]

Hi Humphrey, I have the following questions to ask you, see if you can help me to understand better 😂😂 1) Is it normal for my fractional shares held by the broker as a custodian through a sub custodian or nominee when the broker acts on principal capacity? Any associated risks? 2) Fractional transactions entered into by the client with Moo Moo Singapore (my online broker) could result in a loss to the client and a gain to the Moo Moo Singapore. How would you interpret this term? Any associated risks? Thanks in advance..

[@austintehguy]

The 50/30/20 and 50/15/5 rules always confuse me especially when it's based on take-home pay, as that is often after deductions for insurance and other benefits that are usually a considerable portion of a paycheck - especially if you're covering family as well. In that case do you add back those amounts and consider them as essential costs? But at the end of the day, these are just rules of thumb to give people starting places for setting semi-realistic goals!

[@m.ehtizan]

Hey Humphrey, I just watched your video and I must say that it was really informative and well-made. Your knowledge is amazing man! 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

[@hawaiishah11]

8:42 what calculator did you use for the retirement number and savings rate scenarios?

[@hypnoticlizard9693]

I found a similar one by googling "years to fi calculator"

[@marcelomartinez7456]

Just subscribed , on my way to becoming a billionaire now thank you

[@ron9665]

3:34 Is that percentage including what is going into their Social Security? Does the percentage include what is extracted from our paychecks for SS?

[@jordanclarxon6246]

What video games do you play Humphrey?

[@appleztooranges]

**I have a pension at my work that automatically removes 10%. I do a side /secondary retirement as well with 16%. Does this 15% include both combined? Am I putting too much in?

[@Olea-i2d]

After investing from my salary of 350k for 4 years, I've only made about 8% total, or 2% per year, which my friends say is very low. My employer 401k of $220K returns about 4%. What would you advice to do with my portfolio for improved returns?

[@SEVILLAnnA]

I don.t really know your risk tolerance or asset allocation, sounds like just bad stock picking. Also unclear if you have an advisor providing value via financial planning or other decision making. But likely scenario is just bad stock picks. Index funds, Etfs and chill.

[@JIANHENGLUG]

The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 330% since covid-outbreak to date, summing up nearly $1m.

[@JIANHENGLUG]

Well, I chose *Jennifer Leigh Hickman* as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification. You should look her up

[@lilvic372]

Appears the be invested in government bonds. Although a safe but very small returns. Look into investing growth and income, growth, aggressive growth. Basically the s and p 500 or dow jones

[@fidaus540]

What are you investing in?

[@acrrazywriter]

Pet peeve here. Not all lawyers -- in fact, the majority of lawyers -- do NOT make anywhere near "lawyer" or "doctor" money. Law has a bimodal salary distribution. National data indicate that in the most recent graduating class of attorneys, 52.5% make $50-90k. Not to mention the high potential for massive student debt that may be necessary to get a law degree. While pay will likely increase over the course of a career, the majority of the lawyers start on the lower side of the curve and will not ever make it to "lawyer" or "doctor" money.

[@Anngrl69]

I follow a law school graduate on youtube who makes a monthly update video about paying off her over $200,000 in student loans. Idk how she's making enough on youtube to keep up her aggressive paydown on it

[@lostluv718]

He was way off with that.

[@Monkey-oy1us]

Doctors right out of medical school don’t make ‘doctor’ salary… some make less than Np/PA for 7 years while they are in residency

[@jamessmithson-br7rm]

But some do… it’s why you need to go work for an international law firm and focus on business or finance law There is no money in helping people out (unless they are HNW), only in helping institutions get richer

[@bopbop8684]

Like a plumber doesn’t make a lot? But doctors and lawyers do? Which is buried in debt while another is a skilled trade that earns while they learn?

[@humphrey]

maybe not the best example I could have used.

[@TIB1973]

Depends on your idea of "a lot" I have 2 plumbers who work for me and a few more in my company and no, comparatively they dont make a lot.

[@JonBarber-q6t]

Haha, I thought the same thing when I heard Plumber. Plumbers and Electricians are the way to go for kids now. They make what Doctors and Lawyers make and not all income is recorded.

[@TIB1973]

@user-ps8dz4zd7z for me it's effort vs payout. I had an uncle who was a brother, I have several plumbers in our company and I know their pay rates..... they don't make enough, in my opinion , for the effort they have to put in daily. Trade specific professions do make good money, just not great money and the wear and tear on your body and time it takes to make that money just isn't worth it.

[@parkergoetz3541]

Unfortunately 50% it’s not enough for the essentials for Canadian people anymore. Just thought I’d put that out there.

[@RushedAnimation]

Me and my wife barely have anything put away for retirement, and I'm in my mid 30s. I have a 6 month emergency fund, but I need to keep that for an emergency. Still have 70k of student loans to pay off (not counting the mortgage), although considering I owed over $105k just six months back, I should be able to pay it off within the next year to year and a half, then I can finally start investing for retirement. It's really not a good feeling having nothing saved up and being so old. Wish I'd realized the seriousness of it earlier.

[@monicaj3023]

Could you talk about when is the best time and how to withdraw ( a portion ) of your stocks (Not IRA or ROTH). To help pay for some Credit cards or other debts? Thank you

[@humphrey]

if your credit card debt is large, and high interest rate, you may want to pay that off as a priority.

[@monicaj3023]

Im also wondering about the tax issues that go a long with a withdrawal. @@humphrey

[@willharris5562]

Was it just editing or did Morgan housel just directly rip off a Warren buffet quote

[@nebbie]

Does the income at retirement generally include inflation?

[@humphrey]

It generally doesnt, but i think thats a fair point, we should be including at least 2%

[@309gti8]

What do you constitute as “savings”? My wife and I save quite a bit of our income, but we like to travel and spend a lot of our savings on that. Or we also spend it on house projects, paying off a car, etc. Also what would you say is considered “short term savings”?

[@MrGtronx]

what is the name of the website of financial planners that you recommended in one of your videos that charged a upfront fee

[@humphrey]

facet.com/humphreytalks

[@jbobby1841]

I audit benefit plans for various companies throughout the year. It is depressing how little people care or know about their 401k or 403b. I called a lady to ask about her contribution rate and she didn’t realize she was contributing (her company auto enrolled her into the plan)

[@shockwave1126]

Some of us have other sources of income, relatively no debt so we may not need as much in retirement accounts.

[@RobertBeedle]

You missed inflation on the projection for how much is needed for retirement.

[@astronv]

Just curious to understand if the Vanguard study that is being referenced here was comprehensive enough. People switch jobs and they may have multiple 401k retirement accounts / IRAs. Not everybody rolls over their retirement account balances when they switch. Also does this study look at only Vanguard accounts? Without that context, it is hard to judge how worse off are people's overall retirement savings are,

[@ron9665]

3:35 In Ireland ---> Does this savings cover their retirement in full, or do the Irish have money stolen from their checks as SS does with those in the USA? Are your figures counting the money going into SS here? It seems that regardless of whether or not the money is saved by choice, or by law, it is still being saved and in the end, it's still coming out of the family's gross income.

[@Crypt0M0nkey]

I save about 40% of my yearly salary between my ROTH, 401, and robinhood accounts. Is that good?

[@humphrey]

Very good.

[@MaSa-bp5qe]

I put 15% pretax in to my portfolio. I still feel it isn’t enough. But sadly, I can’t afford to put more 😢

[@jerryvaughan1469]

any reason you used the 2022 vanguard report instead of the 2023?

[@miragexl007]

Lots of vids/info out there. Nothing fits everybody's situation.... How much I spend, where they live etc?. Single versus married. Like to see moremarried couple calculations..and Early retirement like 55-60 y/o

[@Aquialiredux]

Are percentages described relative to gross or net income?

[@MrTmenzo]

Usually gross since most 401k holders are in traditional

[@abdulrahmanalhammadi7169]

I've achieved this in one year thx for power Average Cost +patience - Stocks : $33,750.00 - Gold and Silver: $14,580.00 - Real Estate:$1,620.00 - Startups in Republic: $216.00 - Fine Art Shares:$1,860.30 - Lend to Shops Investment $2,700.00 - Trust Fund: $3,132.00 - Mutual Fund : 3599 USD

[@abaldwin6059]

As much as you can.

[@Awesomelove-c3k]

I calculated all my paychecks since my first job when I was 14, and now im 26, and if I didn't spend any money, I would have over 500k and that doesn't include interest earned. 😢 Why was I so stupid!?

[@Baldwin321]

Buying assets may seem straightforward, but choosing the right stock without a tested plan can be challenging. I've been attempting for some time to increase the size of my $210K portfolio, but the largest obstacle is the absence of clear entry and exit plans. Any guidance in this regard would be much valued.

[@Alden457]

Investing in a variety of asset classes will reduce risk more than putting all of your money in one. If your financial understanding is lacking, see a financial consultant.

[@Christian67337]

Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@Charles43217]

That makes perfect sense; you seem to have a better understanding of the market than we do. The coach is who?

[@Christian67337]

'Aileen Gertrude Tippy 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.

[@Charles43217]

I merely Googled her name, and her website up right away. So far, it looks interesting. I sent her an email, and I hope she responds soon. Thanks

[@rpena0899]

We also need to keep in mind the people who dont get a 401k or any benefits through work. Thats millions of people and the main reason we need to raise wages and increase retirement benefits because millions won't be able to

[@bleulesyeux5416]

They need to open up their own IRA.

[@keithlynn6210]

do it on your own, you don’t “need” a 401k or benefits through work.

[@rpena0899]

@@keithlynn6210 unfortunately a giant portion of people don't have enough to save. We need to lower executive pay and increase worker pay. I agree I don't want govt help. I want people to do it for themseleves but the system we've set up thx to Reaganomics has redistributed all the wealth from the bottom to the top

[@juanguzman1563]

My company allows us to do a traditional and Roth IRA within my 401k. Is it wise to do both. Right now I have 10% going in. My company will match 100% at 5% that I put in. Should I split this into both accounts or just do the traditional one. Any advice. Also I have Fidelity

[@WALLYDRAG502]

Traditional is taxes later roth is pay the tax now so you dont have to later. Up to you. If you expect to be in a higher taxable bracket later kn life i would suggest roth.

[@itsmaceYT]

No suprise people arent investing enough, with rent/COL going up YoY and salaries staying near stable regardless of age, people have less money to put into retirement because they need to afford to live.

[@lostluv718]

The lawyer doctor plumber comparison was way off lol

[@RobertBeedle]

16 percent in 401k, only debt is my 15YR mortgage

[@QuanHoang2x01]

Many people spend lots of time doing stupid things that give them no marketable skills. If they have the passion and dedication to follow a discipline, they would be able to handle financial problems.

[@cuco422]

Of course vanguard will say we are not investing enough

[@shockwave1126]

😂

[@strandschep5749]

If saved around 40k cash so i put around 60% in stocks and the other is for food en mortgage payments

[@humphrey]

nice!

[@DonteeWeaver]

👀

[@Suntz_u]

I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.

[@Marianela-r3v]

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

[@Doracox22]

Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@TylerofSc004]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Doracox22]

"Kristin Amber Landis" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@TylerofSc004]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks.

[@DevilsRejection]

TLDW: 12 minute video just to say 15%. Damn.

[@mattheww2759]

Will fumigation kill mold

[@stephaniel6867]

Where's the calculator from?

[@humphrey]

I think I linked it in the description!

[@stephaniel6867]

​@humphrey thanks. I looked at the site initially and you have to scroll to get to this one.

[@taylorblack9422]

1.4mill assumes your costs dont go up and is not inflation adjusted... might need a lot more to actually live like you do now

[@Yugiboii]

Savings/investing rate sitting at 40% atm... hoping to have a down payment ready in a couple of years. I need these interest rates to crash lol

[@vittalpatel4409]

What about adjusting for inflation?

[@MrTmenzo]

Average inflation rate is about 3 percent (obviously after the pandemic it was much higher) so you deduct that off your return rate.

[@Dank_Nuggetz]

"What percent of your income?" Been the same... forever. 10% is the minimum; if you can afford/budget more... you add more. This isn't F rocket science

[@jvan6582]

3 portfolio is 👑

[@StandardYoutuberExcellent]

15% with or without employer match?

[@Porcelynnn]

With is helpful and a bit easier 😂

[@GeorgestraitStriat]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@GeorgestraitStriat]

@Pamelawilliams543 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

[@GeorgestraitStriat]

@Pamelawilliams543 Clementina Abate Russo is her name

[@GeorgestraitStriat]

Lookup with her name on the webpage.

[@GeorgestraitStriat]

@Pamelawilliams543 You are welcome .

[@Sidksrbd]

What are the best investments to hold in a taxable brokerage account?

[@MrTmenzo]

Etf