Major MONEY Milestones To Accomplish in Your 20s!

[@AnnaOllsson]

I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income

[@HildaBennet]

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional

[@PennyBergeron-os4ch]

I agree; I have approximately $1m 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, having a portfolio-advisor for investing is genius!

[@bartlyAD]

I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?

[@PennyBergeron-os4ch]

Her name is DIANA CASTEEL LYNCH. I can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@bartlyAD]

I have googled her and she has impressive credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@blaquopaque]

The best thing and the simplest thing you could do is make sure you're investing at least $1000 into your brokerage or retirement account Quarterly. If you aren't able to, figure out how to come up with some extra cash. Your future self needs it.

[@Curbalnk]

Love this! Investing isn't as difficult as many think. It requires diligence, which people often lack. If you are starting out with a big chunk, that's where a financial advisor comes in handy.

[@greekbarrios]

Low six-figure income, no debt, nearing mortgage payoff ($400k property), age 43. Invested over 15x annual salary, amazed by focus on scraping by in retirement. Aim for surplus. My goal: retire at 55 with $5M. Unless the markets crash, these two points should align. I'm quite lucky to have started working with a financial advisor early.

[@kansasmile]

This is mind blowing! As a young adult inheriting about $500k and new to stock investing, I'd greatly appreciate it if you could direct me to your advisor. I can't afford to make costly mistakes.

[@ericmann1506]

I think you mean weekly

[@funnythingunleashed]

Unless you have a severe illness that shortens your life span. Take that money and enjoy it :) Keep investing and keeping up with savings.

[@jonathansculley6932]

Turning 31 next month, starting this today, better late than never

[@oghaggins6267]

You’re early

[@devinstucky6948]

29. Right there with you man. Only 10k in the market, okay credit score. I'm investing aggressively now but it is hard having to make up the difference. Read some investment books to keep you on track. Like you said, better late than never.

[@SquareBox-gy5yl]

@@oghaggins6267no he isn’t unfortunately

[@ASHWILLT]

im 17, starting next year when im 18 though

[@marshallwhite3780]

​@@SquareBox-gy5ylsecond best time to start is right now, he's right where he needs to be...

[@NoahNollens]

Biggest lesson i learnt in 2024 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[@MesutMilleliri]

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

[@BrigetGstar]

Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

[@SophieLoschy]

Could you kindly elaborate on the advisor's background and qualifications?

[@BrigetGstar]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen-Niemann” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@SophieLoschy]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.

[@roberto12131415]

“Focus on the things that make you happy that aren’t tied to spending more money” is a timeless piece of advice

[@SntYvsLrnt]

I have zero debt. Pretty good income. Live below my means, still have money left over at the end of the month, and DCA into stock market every month. Yet, I STILL feel like I'm not doing much like I can do much more.

[@BlueSkyyMusic]

Felt that

[@MasterpieceFinance]

Doing great man! Staying consistent is key to building wealth long term. Don't forget to enjoy life as well. All about balance :)

[@themodernotaku]

Surprisingly enough, other than investing in other assets you could dive in credit cards

[@ogpablo8752]

@@themodernotaku add a black card to your list of goals!

[@XxWaterStreamxX]

Social media will make you feel that. Try to cut short form content, write down what you’ve achieved in terms of singular achievements as well as healthy behaviors/habits you’ve built. This will bring your perception out of your head and onto paper where you can see tangibly, the results of your work. Start making checklists so when you feel Inadequate you can look back and visibly see what you’ve completed, the discipline and accomplishments will feel more real and valuable. Good luck!

[@seiferboado692]

I think anyone in their 20s should note all of this down! Appreciate the value you provide here Humphrey!

[@ozzymer]

I spent my 20s making every mistake in the book lol...drugs, partying annd in the end i got kicked out from college without any kind of qualifications so i created my own cleaning company back in 2016. The first 2 years i had no real income - i reinvested all the money that the company has made into educations for my team, equipment and cars. The pandemic was literally the breakthrough for our company and just within a couple of months our turnover has tripled but then the worst that could happen happened... Breach of contract and licenses that have been withdrawn and all that just happened because of two teammates that havent done their job right. I had to close the company last year, sold everything to pay off my debts that came by the mistakes we have made and i still got around 15k left in debts... Im about to turn 28 and tbh i dont know how to continue. Im living in germany and thank god education is free here but going back to school at 28 ? Wont be easy... Sorry for my english but its super frustrating and dont know how i can bring myself back on track

[@truthcompels]

Bro, I'm also 28 trying to figure out the best way to approach this. Funnily enough I do most of what Humphrey says already besides having a Roth IRA open (which I am googling now). Bro, if you know school is a healthy option and you know you want it? (and it's free lol). I would definitely do that. School is not hard AT ALL, trust me. from the sound of it, you've done way more work trying to get your company running than to merely study a few hours a day for an inevitable success story XD

[@Crossfirev]

Financially, school is about return on investment, not passion. If you cannot find a degree that has a good return on investment, that you are passionate about, you shouldnt be going to school. This includes 'free' schooling as well, opportunity costs are a thing as well. (Not to mention taxes that pay for that lmao, but I digress) OP, it sounds like you are capable in running a business. Mistakes are always made, it's what you do after that counts. Learn from the mistakes you make and improve because of them, don't wallow in the shadow of them. You got this. You've got more experience in this world than I do. I for one believe you can do it. Realign your life to what you want to do, establish what will get you there, even if what is going to happen right now isn't the most pleasant. ❤

[@JonathanRootD]

Get in the trades. I make 6 figures, own a home and have a good retirement (401k, Roth IRA and Pension) at 32 years old. School is over rated.

[@Mactakun]

Bro you should do it again! But this time learn from your mistakes related to bad employees and make an even better business.

[@samuelm214]

@@JonathanRootDwhat trade you in

[@Hannahbenowitz]

Very clear and helpful : thanks! I'm working extra to keep my ROI flowing into my mortgage payment. it's the last piece of debt i have and i'm a bit overeager to see it gone. Any index fund or stock tips to help that get done?

[@FinnBraylon]

It’s a good time to buy in on the market, so seize the opportunity to purchase stocks on sales.

[@bartlyAD]

I think stocks will plummet further before actually experiencing steady growth and there are still quite a few stocks that makes for a good buy this season, you just have to do your research, but to be on the safer side and not second guess your market decisions, I’d suggest you reach out to a proper investment manager for guidance, they’re better equipped at understanding market patterns/movements and adjusting portfolio to match up with these market trends.

[@HildaBennet]

my portfolio is down over 23% j and It’s been that way fsince 2022 and I really could use professional help, I’m close to retirement. have you worked with an asset manager before and could recommend any?

[@bartlyAD]

Her name is “Rebecca Noblett Roberts” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@HildaBennet]

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. I just scheduled a caII.

[@TxLoneStar817]

I’m 29 and 😅just getting started… but I’m starting !!!🎉🎉🎉

[@joemon7463]

That's good, you're still young!

[@JoseGonzalez-pz9ug]

Same here I am 23 and just catching up paying my debt off and then going to start saving

[@xfinmodz5548]

@@JoseGonzalez-pz9ug how is it going?

[@stevenarvizu3602]

Bro I thought those were Gobblegums in the thumbnail ngl did not realize this was a finance video 💀

[@lilbibbyisagod4929]

I’m glad I’m not the only one💀

[@Konkel529]

I am 27, and thankful i dont have any red flags and not in any debt. Thanks for the video!

[@rogelioleon8129]

go buy some stuff on credit so that you have some type of debt haha

[@lukeh5831]

Hey Humphrey I just turned 19 this year is gonna be me preparing myself for my 20s to accomplish this!!

[@RyanTheSwede]

The younger you start the better! Wish I started at 18 instead of 22

[@sxperiorluis]

@@RyanTheSwedefr i started at late 18s i turn 20 in a couple days i got a career im building credit and im not a student fuck college

[@neil9135]

@@sxperiorluis if it’s not too personal, may I ask what you do for work? About to turn 20, not a student just lost

[@sxperiorluis]

@@neil9135 its not the best but itll secure a good middle class live but with good money management i should be able to move up im a commercial painter

[@xdxdxfr]

@@neil9135I’m 20, maxed out my Roth and put like 15k in stocks this year alone. Try the trades man good money and good people

[@everceen]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@CeeRiplayis]

@okaydamian ambitious! could you be kind enough with details of your advisor please? in dire need of proper asset allocation

[@justamanwithbeliefs]

thanks for putting this out, just did a web search on Karen Lynne Chess, came across her consulting page no sweat, and I was able to schedule a call session with her, I find her valid.

[@yohan.al2000]

How is your portfolio underperforming? My portfolio has gone up 25% in the last week alone

[@leemelbourne-weaver4337]

Yeah don’t pay a financial advisor. That’s routinely proven to be a scam compared to using an index fund. Stock market has been over-performing for the past 10 years. If the “economy” is holding you back, you’re in the wrong stocks. Switch to Vangaurd index funds. Minimum fees and most consistent return in the game over the long run.

[@MasterpieceFinance]

I'm blessed to be able to do all of these. Mid 20's, no debt, solid income source (adding more soon), emergency fund set, investing by DCA'ing into index funds/etfs every month. Great overview and agree with all the points in this video Humphrey! Cheers man

[@Fiiggy]

Good work man

[@samuelbobert5769]

whats dcaing??

[@DAMfoxygrampa]

Direct cash advance?

[@holysmokes6709]

Debt free maxing out employer match in my 401k, and investing on my own. 28 no education making 60k+ a year. It was a bitch getting here and I'm not nearly done but I couldn't see myself here when I was 25 at all. Just start and let your good decisions compound.

[@sirheisenberg4459]

I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?

[@PennyBernadette]

The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.

[@Tanner-c2m]

Many people minimise 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 solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@type-r3x]

That does make a lot of sense; you appear to understand the market better than we do. This coach is who?

[@Tanner-c2m]

REBECCA NASSAR DUNNE is her name. She is regarded as a genius in her area and works for Equity Services inc. She’s quite known in her field, look-her up.

[@vanessahopkins-g5y]

thank you for this pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a calI session with her.

[@IBPaintsppp-wt5ou]

Thanks, I've been following and agree with all these steps. Right now my goals are: holding on to $12,000 for a car (since mine is from 2004 so I could suddenly need another car and I'd prefer to buy with cash or a very short term loan), limiting my lifestyle inflation by continuing my monthly spending/goals spreadsheet every month, improving our finances together with my partner with our monthly finance spreadsheets and discussions, and starting a KZbin channel for my biggest hobby passion to improve things like public speaking and video editing (I had a different channel I really enjoyed awhile ago but stopped years ago)

[@paulinejackson5861]

I'm putting away $400 a month, hopefully in 3 or 4 years, EVs will become cheaper and better and I can acquire one

[@Fiiggy]

Keep your cheap car, it’s cheaper, save an emergency fund and don’t touch it, this is for EMERGENCIES - and as such you don’t touch it outside of those circumstances - don’t take out any loans, you’re doing it wrong but your head is in the right place, sort of.. good luck

[@versaii5519]

@@Fiiggy????

[@ParkDari]

Some universities actually have compartmentalized professional programs where you actually go to school for less than four years, maybe two or three, but you are on a very specific professional path like accounting. This allows someone to optimize college get done in a shorter period of time with a very defined professional goal.

[@runnerup15]

Everyones rent in the boston area is on average 50-60% of their take home. In NH to the north, expenses are cut in half however income is capped at 1/3rd of what you could make in boston. Even as an engineer I struggle in the current housing marketplace

[@cannedpineapple2702]

Yeah here in Miami we spend about 65%+ on housing. About 80-85% of our income goes to housing and transit, the most in the country.

[@huebothedog665]

Get. Some. Roommates. Part of living below your means is accepting the fact that you don’t make enough to justify having a whole place to yourself. Hurts your ego but your wallet will thank you.

[@runnerup15]

@@huebothedog665 it's surprisingly difficult to find stable roomates when you're this close to 40

[@Thesuitelifeofsuni]

So pay off debt, get a job, save 3 months worth, start a Roth IRA/ 401k, get a index fund/ etf

[@XxMamba24xX]

The dave ramsey plan yes

[@mr.financial]

I started when investing when I was 18. And didn't find my career until my 30s. I wish I started looking for a higher paying job earlier. Really sound advice. Keep this kind of content coming!

[@treyvandietrich2872]

I'm 28 and am leaving my career for pursuing my ME degree. College is paid for which is a huge deal. We paid my wife's student debt and that debt sucks. Daily interest is nuts.

[@thefinancialneurologist]

Love this message! My goal is to retire at age 50, I'm a physician but I don't spend like one, though I do focus on experiences such as eating out and traveling and saving and investing the rest. Reading "Die With Zero" by Bill Perkins really changed my perspective on focusing on splitting my life into time buckets and retiring early.

[@CelticsWin7]

The main advice I can give is be debt free, start investing as early as possible, and be consistent with investing. I began in vesting in my 401k at 20 years old. Currently 30 years old and have 65k invested in 401k.

[@alexbob5209]

How much are you putting in? Because I started at 21 and now 3 years later I'm at 17k

[@CelticsWin7]

@@alexbob5209 currently about $3800 annually and employer matches 150% ($5700). A very generous match from employer helps a lot.

[@hannahbaker6228]

@@alexbob5209in my 401k i’m putting 39% and get a 5% match contribution

[@JT3446]

You must have not been putting in much

[@CelticsWin7]

New update: 32yo end of year 2023 $90k! @@JT3446

[@ancientfrankia5779]

My journey into FIRE has taught me a lot of lessons, at the top of that list is that it never pays to live above one's means. I have managed to grow a nest egg of around $600k to a decent 7 figures in the space of 14 months. Sad to say but a lot of us have poor money management skills. My 2 cents -get an advisor to keep you accountable and aid you make better decision, I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get burned.

[@themadrazo679]

“Sharon Kay Hanna” is a wonderful recommendation for anyone out there needing help with their portfolio, I started working with her 3 months ago and I must say very professional lady, we scheduled to talk and now my portfolio is on a right track. 🔥

[@BeatstormX]

Financial advisors are literally the worst investman you can make, you are cappin

[@DAMfoxygrampa]

It's a marketing bot

[@TravisSatnarine]

Spammers

[@reliablevariable1615]

When it comes to community college transfers to a 4-year institution, I would note that some institutions would not accept certain credits/courses from those community colleges, so people may run the risk of re-taking some of the classes in the new institution that they have already taken in the community college. FYI.

[@TheKat131313]

Yes this is true. However, if you know what university you’re wanting to transfer to after community college, you can talk to an advisor at either college and they’ll help you stay aligned so you can avoid this issue. At least, that is what I did.

[@RoyalRadiantJade]

Yes, this! Knowing what you want earlier in life does save you a lot of money 😅...

[@mdunn8096]

I come from a rural area and my local college had a 2/2 program; they knew that a lot of people were poor in that area, me included, and had a built-in system with the state university that ALL of the credits from the college transferred to the university so more students could afford to get a bachelors degree

[@reliablevariable1615]

@@mdunn8096 that sounds amazing; wish that was throughout the United States

[@michaelwiebeck3]

100%. I want to not only stay ahead of the game, but to thrive in the age of artificial intelligence. I am very excited about what the future has to offer. We truly live at a very cool time in history. My attitude is that if we ignore all the BS going on in the world and focus on the good stuff then our lives will improve by leaps and bounds.

[@Pconradsmith]

People are going through real life crisis, think now isnt a time to focus on Airtificial intelligence. Our main concern should be wealth generation in times like these.

[@Dantursi1]

You are accurate, of course! Economic downturns present a wide range of opportunities for common people to build riches from scratch. However, if you want a more forceful return, you might need to seek advice from an investment planner. Over 3 years, my initial $500k portfolio has grown to an estimated $1.8m.

[@Rachadrian]

Please pardon me, who guides you on the process of it all?

[@Dantursi1]

“Vivian Carol Gioia” is my adviser and she is highly qualified and experienced inthe financial Market , she has extensive knowledge on portfolio diversification and is considered an expert in this field. I recommend researching her credentials further she has many years of experience and is a valuable resource for anyone looking to navigate the market.

[@Rachadrian]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@Petroguest-i4g]

Mutual funds or Index funds which is a better buy right now? just got my lump sum inheritance and would love to put my money to work, so i can earn in dividends, i'm also looking at paying mortgage where rates are not so high.

[@Countstep0099]

Index funds are more valuable than Mutual funds as of now, though a few people perceive it to be as a result of the pending correction.

[@wealthychronicle-i1u]

I’m currently working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 30% Mutual funds , 25% Index funds, 15% STP and over 30% in digital assets, thanks to my CFA. This strategy has helped me earn $49,000 a year in dividends. Back in 2014, I only earned $21 in dividends.

[@Resmith18S]

congrats! very encouraging for newbies like myself, mind sharing advisor info please? in dire need of proper asset allocation

[@wealthychronicle-i1u]

I've shuffled through a few advisors in the past, but settled with Melissa Elise Robinson You'd most likely find her basic info on the internet, she's well established with over two decades of experience.

[@LeepinLeopard]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@landonmatthew]

5 years ago, $2,500 a month for “needs” was extremely comfortable. now i don’t think it’s even possible in most medium to large cities in America

[@sinphoenix]

I'm neither American nor do I live in the US but this is very helpful nonetheless as a 29 year old going 30 this month. I may not have started investing when I was 21-28 but I knew I had to save something up. Good to know I've checked a lot of these boxes!

[@mYcRiSpDiScK]

I'd like to mention about the Roth IRA that your annual income cannot be more than ~$130k or so in order to contribute to one, which shouldn't be an issue for a lot of people in their 20s unless you're born into wealth I guess

[@RegiTheIslandBoy]

Humphrey is looking a wife 😂 good luck mate hope you find her 🥹

[@bernardoalejandrobustillos897]

😂😂😂

[@noahingram8052]

Not my idea of a good thing right now

[@Bodangers]

@noahingram8052 finding the right woman can make a man happy and successful

[@noahingram8052]

@@Bodangers well maybe I should find me a good money wise Chinese girl to love maybe she'll help me work on my junk to

[@gucci_flip_flops]

😭😭 bro

[@GameTimeFinance]

I’d also recommend diversifying your portfolio if you’re investing and doing a foreign ETF. Nothing crazy but just some diversification

[@Mik333able]

Such an awesome Video. Goes right into my knowledge Bank on Notion to listen to it over and over again so i never forget it. Thank you!

[@randomstuff9075]

Hey @humphrey I loved the video. I just wanted mention the ROTH IRA limit was raised to $6500 for the 2023 tax year

[@evanr566]

Yea the video was made last year 🤦‍♂️

[@grant2989]

I am in great shape financially… no debt and a very healthy savings account and Roth IRA etc…. but I hate my job. I don’t think I am mentally cut out to succeed in my field. I’m scared I’m not built to perform in a way that I can succeed long term

[@Funymoney010]

As someone with a bachelors degree in finance, and experience financial advising, this is an amazing video! I’m so sick of the redpill idiots talking about not going to college ever, dropshipping to make money, buying sports cars and living the most material life possible.

[@JUJI.A]

Needed this video appreciate you so much 🤞🏼

[@IsabellaLisa-vz3jz]

I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.

[@KcZyro]

You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

[@KbcFoundation-un3re]

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.

[@OkehAgathaOluchi]

sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@KbcFoundation-un3re]

WHITNEY KAY STACY look her up

[@OkehAgathaOluchi]

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

[@ginjaturtles]

This should be like a mandatory watch for everyone graduating highschool. Thank you for your hard work

[@DoyleMcMahan]

Thanks Humphrey. I sent this to my daughter who is in her early 20s at college.

[@AtlasFalls]

I’m a 28 year old Journeyman Electrician, my household income with my wife and I is around $8500 net. We utilize only 0% credit cards and pay them off long before the promotion period is up. We have big car payments, that add up to about 1700 a month. Our mortgage is 2700, and after all bills are paid and fridge is full, we are budgeted to save around $1500-2000 a month. We are completely content with this. We enjoy spending money, but also think it’s important to save for a rainy day. We also put 5-10% of our income into our 401k. Skilled trades have taken care of us.

[@MarkJones-yu1rs]

Your top priority right now should be finding a book 25 Money Secrets From Donald Trump, reading it will change your life, trust me

[@naefaren3515]

These videos are great, but I feel the numbers you use are slightly unrealistic unless you're living in a big city or somewhere with an extremely high cost of livinig that demands a higher minimum wage to match. I live out in the wood and our minimum wage here is around 7$/hr, I'm blessed to be making 15$ at 24, but many people in my family who are in their 30's-50's aren't making much more than 30-50k a year. 6:40 Saving even 500$ a month might not be "hard" in your late 20s once you're more established, but to be doing that straight out of the gate at 20 means you must not be doing any college or have much debt to pay off, and that you found a decent job ASAP from highschool. I like the scenarios, but how about starting someone around 22 with the average college debt, or just having finished paying off said debt and getting established at a decent job around 25. 9:57 Using the 5k a month figure is nice and all for comparison, but that's 70k a year after taxes, insurance, etc?? That's entirely unrealistic for like 80-90% of the people around me.

[@stealthfaded4383]

I’m 22 years old, my wife is 24, and we live in Iowa-on the bottom half of median salary. I live in a town of about 6,000 people. We are in the process of buying a house. We put $40,000 (15%) and still have an emergency fund of $25,000 (we would like to renovate some of the house with about $5-10k and I was able to get PMI to only $16 a month else we would’ve put 20% down). My wife got a 2 year degree and doesn’t have any college debt. I just graduated with a 4 year degree and have $32,000 in debt (our finances are combined, just giving a picture of our debt). Neither of our parents helped with college. We have no other debt. We don’t drive anything amazing. Both of our cars probably combine to a total of $12,000 which is fine cuz my commute is a mile and my wife works from home. Our household income will be about $90,000. We live below our means and save about $1,500 a month (not including the $600 we put into our company’s 401k every month). To get to this point, we both worked in high school and saved most of what we earned. I worked two jobs while in college and my wife was working full time. I don’t say any of this to brag. My point is, what he is saying is possible even in small towns where income might be lower. It might take hard work, but it’s possible. If you don’t make much, pursue a degree or credentials to increase your income or get multiple jobs. It’s all possible. Good luck!

[@i.hopeinJesus]

$7 minimum? That’s crazy!

[@MaxMaher]

Awesome vid Humphrey!

[@bmanimate]

I'm 20 years old with 30k saved making a 10% investment each month living well below my means saving roughly 70% of my total income each month but it still feels like I am not doing enough. My credit is 720 and I recently spoke with a mortgage lender only to find out I only qualify for 215k of a mortgage despite my good credit and money saved. I am also debt free. I guess I just need to wait another year or two for interest rates to go down and my income to increase my credit to reach 750+ and my savings to double. I am definitely ahead of most 20 year olds but I feel behind somehow. Anyway, great video definitely got some tips stored away for the future from it!

[@rouge-_-2156]

Heyy can I ask you what did you start investing in??

[@MysticMac3]

I’m 20 years and I’ve been putting 2k a month into the stock market and 6k a month into high yield savings account. Planning on buying a house in the next 2 years 🥊

[@FaithAndrada-xo9ou]

This is amazing. “How to build wealth”

[@VanessaWilliams-pu8vt]

I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.

[@Oscarfreeman-cn9rc]

hints if you don't mind

[@VanessaWilliams-pu8vt]

Whitney Kay Stacy

[@Oscarfreeman-cn9rc]

found her online, l’m amazed to partake on this, lt has rekindled the fire to my goals.

[@OnyedikachiKing-bk6od]

Whitney has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

[@AlejandroRoa-u5k]

The info is really great, thank you! But I can't rake my eyes off Reputation in the back. lol

[@Logan_Proctor]

Thank you dude! Lots of helpful information

[@AustinCDennis]

Turning 29 in a couple weeks and am solid on most of these. I could do more to reduce my spending, I do set deposit my credit card charges into my HYSA so I see how much I spend but that spent money earns interest until I need to pay. I'm very fortunate that I don't have any student loans due to the Hazelwood act, my dad being a veteran.

[@jamesfox406]

Great video Humphrey! Thank you

[@danielotoole9610]

Got them all at 25. I must in a good spot financially. *looks over at California housing market* Nevermmind

[@361mendez]

easy fix, get out of California

[@rattlehead999]

live with your parents.

[@OrangeDaddy47]

Me being 29 and only having a 222,000 mortgage as debt. My company matching 8% on my 401K and a portfolio that pays $88-$100 every quarter. I embraced the mentality that money sitting in a checking account is being eaten away by inflation.

[@BarbellFinancial]

Wish I started earlier in my 20s. Everyone seems to have their epiphany when they hit 30.

[@rattlehead999]

And they should have it at 14

[@taliawilliams6809]

Im here at 20 turning 21 in Nov….thank God for the struggles I went through, as well as my brain evolving

[@jackreign67]

Taylor swift . Good taste humphreys

[@syedalmas97]

Could you make a video about what someone can do after they’ve met these goals?

[@duck7445]

21 years old. Through saving ill have a piece of real estate in march!

[@taylordocherty9807]

Feel like paying off student loan debt instead of investing is determined by income brackets. Finacial advisors recommend investing and making minimum payments if you are getting the student loan interest deduction of up to $2500 a year.

[@KimtheCollector]

I really enjoyed this, thank you so much for sharing. I'm 31 and was honestly pretty afraid that I would be a bit behind your recommendations, but I'm actually doing okay! I've got a pretty intense savings goal to buy myself a house, and I'm currently scrolling away two thirds of my income🎉

[@Jamieconstable]

U should have a house at 31

[@i.hopeinJesus]

@@Jamieconstabledebatable…

[@Konoxas]

@@Jamieconstable my dad bought our house at 35

[@Fiiggy]

@@Jamieconstableeveryone is on their own time line mate - they don’t need to own a house by 31, if you wanna talk broke speak to me instead please 🙏🏻

[@versaii5519]

@@Jamieconstableur nobody cut them som slack

[@ousmand742]

Man I just want to say thank you. Your advice help me track my finances and get a hold of my relationship with money. You empowered me.

[@Leoooo___]

Almost 20 in a few months. Pretty much have all these besides a fully funded emergency. Although I have a good amount separately in an auto act and medical act. and 401k, crazy you have to be 21. No student debt. Got my first university year paid for thanks to my community college scholarships. Having a small business is so helpful plus a part time job

[@hines1005]

Just turned 23, no debt minus mortgage. Own 3 paid off cars and a bike. Opted to not go to collage as well.

[@lucaantony3452]

I’m 24 and I have been saving and investing about 70% of my income from the age of 15 (in the early days I had the luxury of staying at home and now I live way below my means). I currently work 3 jobs and my idea is to slog till the time I’m 30 but recently I’m starting to feel burnt out and regret not having spent my money in various points in my life. I feel I was too good with my money and wished I could have let go a little more. I kinda get depressed when I see how much money I’ve been able to save if that makes sense.

[@brandenlapanowski1388]

have you considered cutting it down to at least 2 jobs? gotta consider a healthy balance and protect your mental health

[@ArtemisX152]

Thanks, I heard what I really needed to hear.

[@williamgauvin2898]

I’m very bleed to have almost zero expenses in my life (thanks for the free rent mom and dad) I’ve got a solid income and spend very little money. Already have a TFSA (Canada) and gonna open a retirement account this week and start contributing a large portion of my income to my future. Thanks for the insight as always Humphrey🙏🏻

[@taylork2874]

Thank you for this video!!

[@clobzz]

who else thought the thumbnail was Bo3 gobblegums

[@draetonbybee9307]

Ive been doing 50-needs, 30-savings, 20-wants. Ive found my wants dont get very expensive and a lot of it is left over for fun money. Putting and extra 10% into savings seems a lot more logical to me.

[@matthewmorgan582]

I just got a $300k scholarship for an engineering program in the US Merchant Marine academy and I'm gonna be earning hopefully over $110k a year which I plan on investing the majority of and learning to start a business. That way I can become a comfortable millionaire and retire early.

[@Curlylemur]

Im 27 and only need a year to graduate. Only have 5000 in student debt! No debt, a fullly paid car, and a house with a nice amount of equity

[@assss55]

There is an exception with 401k. You can withdraw without penalty before retirement if it’s used for buying your first home

[@myerwerl]

I saved almost half of my income in a APY account and at the end of the month, i feel unhappy because the bank account balance is just so little. I know i saved up money elsewhere, but that feeling is just not the same. Anyone else feels the same?

[@astrahl]

100k investments, no debt and a 200k job at 29. Feel good where I’m at but need to keep pushing

[@nf9022]

What job? And do u recommend it

[@astrahl]

@@nf9022 medical device sales for stryker. I do recommend the career for sure. Stressful but highly autonomous and high income potential at a young age without any master degrees. Can get ahead of your peers quickly and let compound interest get to work before most of your peers who are going for masters degrees graduate. And you don’t have the debt on top of it. Definitely recommend it. My plan is to do it for 5-10 years then use my saved up money to start/ buy a business

[@coltonmitchell4772]

Love your videos, Which expense tracker app do you use? (If you don't mind me asking)

[@humphrey]

Spending Tracker in IOS

[@coltonmitchell4772]

@@humphrey Thank you sir! FYI I've been utilizing your Google drive financial master sheet and I love it! Thanks for the resource!

[@Givemehead418]

……👆✍️

[@MrIceman89]

Was looking for this question. Thank you sir

[@DanielDuhon]

If you can, instead of just trying jobs to get income, get a career. I started off in a career position and it’s much less stressful than just starting anywhere and having to look for somewhere else just to get more income.

[@rabbitdubzzzyt]

I’m 27, married with 2 kids. I’ve delayed saving for so long and I’m really starting to feel it. I do have a 401k through my work and have almost 40k in it but no personal savings. But recently I decided to officially make it a priority. Me and my wife went over our finances and figured out some rough numbers as to where we stand. I made a HYSA and currently have $500, and opened a Roth IRA to start contributing to, and told my parents that any gift they give me I want it to be money put towards that fund. I have about 350$ worth of credit card debt that I’m zeroing out within the next month. Credit score of about 791 which I’m proud of. It’s taken me too long to figure all of this out saving/investing wise, but I’m glad I’ve made a change and started. Videos like this really opened my eyes. If only I could’ve started years ago… but it’s never too late!

[@alexandergoot]

Student debt has different conditions in different countries. There could be added benefits like it being forgiven if you become unable to work, for example. So the decision of investing vs. paying it off is not as simple as interest vs. returns. Also, building a credit score is not a thing you need to do in all countries.

[@ethanperez4774]

Definitely watching in my 30s 👀

[@baldeeptiwana]

The biggest reason people in their 20’s struggle to save is due to their spending on food outside. Most of them living alone are either eating outside or buying some ready to eat stuff. If people can learn to cook their own food that makes a huge impact on the amount you can save!

[@sergiodavid3828]

I feel identify with you since I also work for a bank and I’m currently trying to become FA at my 25

[@faithbanford8108]

Thanks for sharing!

[@humphrey]

Thanks for watching!

[@ryanwilliams989]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[@TheresaAnderson-kf5xw]

Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@maryHenokNft]

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over $745k working with an investment coach for more than two years.

[@maggysterling33254]

@@maryHenokNft I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.

[@maryHenokNft]

Definitely! All of this happened in less than a year after *Gertrude Margaret Quinto* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

[@BiancaSherly-qt6sb]

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 Camille.

[@TJ_Gonser]

Saddest part about money is it doesn’t matter about how you got it. As long as you have it that’s how you’re rewarded…..

[@joeyweinstock2272]

I’m about to get out of the military at 22 years old have no substantial debt going to work as a plumber

[@jhammons2310]

The problem is every person I ever knew who was “just going to go to community college for 2 years” never actually went to University, never left their hometown, and is no better off. Additionally, college is basically an adult trial period. It’s a very low-risk time to learn how to manage money etc. College was 100% the right call for both my wife and I but I guess it’s not for everyone.

[@christianmoore7932]

I would disagree. College is high risk since if you fail out for any reason your screwed. If you don't get a job after your screwed. While you can take advantage of it you can also take advantage of a community college

[@navyseal4000]

Your bias is understandable but untrue. For instance, nearly half of 4 year graduates in the 2013-2014 school year had been to a 2 year community college within the previous 10 years. It purely depends on the discipline of the person - but if the person isn't disciplined, why put them in a higher debt, higher leveraged position?

[@jhammons2310]

@@christianmoore7932 I’m sorry but “failing out” of college would be ridiculous in my opinion. I guess that just has to be a judgement call from you and your parents on if you’re mature enough to handle school then in that case.

[@faintedmemo]

I went to community college and I'm making over 100k 2 years after graduating and I know other people in similar situations. Your antecdote is just that - an antecdote. I find it extremely hard to believe that you went to a university and never met anyone who also went to a community college.

[@jhammons2310]

@@faintedmemo I know zero people that did community college and went on to complete a 4-year degree (at least traditionally). I never said it doesn’t exist; I’m just saying I truly believe the traditional University experience (even at an inflated price) is still best for most people who endeavor to succeed. Opinions are like assholes though

[@weinowei143]

Everyone use/say 8% average now, used to be 4 or 6%. But the real range really is -100% to 1000%+

[@burkles4456]

Someone discovered option trading

[@ryanmckenzie5918]

If I wasn't already subscribed, I would have after the plumber gag XD

[@rh88841]

Wait a minute....$1500 a month is like 18k a year, leaving at least 25k extra. Confused on the claim around 8:21

[@Thedividendprojectt]

Great tips and I’m glad I achieved them! I started my investing channel to help others as well like you!

[@rh88841]

21, loading up during this bear market. $3k to Roth, more to some riskier low cap tech stocks

[@iMattLewis]

Travel the world, experience life whilst you are young and mobile and not tied down by a mortgage or children to raise.

[@Hiro_Ieyasu]

Yes, that's what the 50/30/20 rule is for, use that 30% to travel or whatever it is that you enjoy.

[@FireMedicGJ]

19 Years Old and my $20k portfolio is - 30% SCHD - 15% JEPI - 20% VOO - 20% VTI - 15% O (Realty Income) What’re y’all’s thoughts on it?

[@ryanb8076]

Great funds, but you could take on more risk at your age.

[@dan1434]

@@ryanb8076why could he take on more risk just curious

[@kayIeighb]

i'm 19 and haven't hit even 1k invested 😭

[@leemelbourne-weaver4337]

I disagree with paying off student loans faster than necessary instead of investing. Sure, you can’t guarantee a better return, but this video is about people in their 20s. The amount of compounded gains by the time they retire is HUGE. As the student loans gradually decrease, and the amount of interest that accrues each month decreases, the gains on those early investments will be growing faster and faster. The caveats are: just use index funds, and preferably in tax-advantaged retirement accounts (Roth especially) so the the benefits are even greater, tipping the scales even further in favor of investment. If you’re deciding between paying off student loans and buying Tesla stock, definitely pay off the loan

[@USERNAME-gp2ij]

I'm 19, i am a Mechanical engineering student and i just got my first job recently. I've been really scared about my future, I'm already a little behind on my engineering degree but engineering is the only career i really want to pursue in life. I'm fearful of not being able to keep up with work and school and falling behind further. but later in life I want to have other forms of income likely by starting a business in engineering and investments but as long as I'm not solely living on just my salary i want to have money to save or do what i want to do with it , anyone have any advice?

[@BernardOkeh]

WHITNEY KAY STACY is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@isaimendoza2143]

I’m 33, no student debt, 10k in stocks, just bought a condo to live with my family, will pay off car, have a great credit score. What else should I do now? Because of mortgage and HOA I have very little cash left a month :(

[@Fuerya]

Just turned 24 today. Feel like I’m going the a quarter life crisis. My advice is too start to make extra hobbies you like doing on the side that makes you money and you can create a skill out of. Then just stay consistent with that building up until it either surpasses your job or replaces it.. other than that you’re in a great place my friend.

[@isaimendoza2143]

@@Fuerya 24 years old and you just gave me a very wise advice. Loved it. That life crisis is only temporary. Things will always get better, keep your head up!

[@Fuerya]

@@isaimendoza2143I appreciate that you as well!

[@alexanderbankowski5617]

Damn you called me out I got the gucci slides, but I got bands too

[@GOATED1973]

Amazing video Humphrey. Hope you bought the beachfront house in LA

[@haileym8073]

I am twenty-four and looking to increase my financial literacy. I am an RN with no student debt. I also recently opened a high-yield savings account. What are the benefit to index funds?