People Can’t Become Part of the 1% Unless They Do These Things | Humphrey Yang

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Humphrey Yang discusses the financial challenges faced by younger generations and offers insights on building wealth. He highlights the significance of saving and investing, recommending a focus on index funds. He explains the compounding effect of wealth and the benefits of reaching $100K net worth.
Timestamps:
00:00 - Introduction to Humphrey Yang
03:04 - Opportunities for making more money
04:56 - The benefits of job hopping
06:47 - Personal experiences with job changes
09:36 - Building wealth through saving and investing
13:16 - How to become rich
19:19 - Strategies to reach $100K net worth
21:13 - The importance of owning assets
23:40 - Asset allocation and real estate
25:30 - Diversification and portfolio concentration
28:18 - The role of financial advisors
30:37 - The number one wealth killer: new cars
31:59 - Money saving hacks
34:21 - The influence of mindset on money
35:44 - Taking risks and privilege
37:39 - The benefits of living at home
38:38 - The power of saving and investing
39:35 - Evaluating the macro economy
41:25 - The challenges of the middle class
43:12 - The influence of gaming on life and business
45:32 - The role of KZbin in financial education
49:45 - The breakout of the KZbin channel
57:27 - The challenges of KZbin and momentum
1:00:07 - The business expansion and diversification
1:04:06 - Growing a newsletter
1:05:01 - Monetizing KZbin
1:05:57 - Crypto experiences
1:08:15 - Blind spots and risks
1:10:24 - Personal finance KZbin community
1:11:47 - Starting a business with minimal risk
1:13:10 - Podcasting and content distribution
1:16:40 - Charging for brand deals
1:17:37 - Controversial takes on personal finance

[@christopherpaul5]

Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

[@ScottArmstrong12]

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

[@ritalorrigan]

True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.

[@KevinClarke9]

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

[@ritalorrigan]

Carol Vivian Constable 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.

[@KevinClarke9]

Thanks, i did a quick web search and i found Carol, i hope she responds to my mail.

[@probaballistics]

Worst financial killer is not cars but actually divorce

[@gatorjpb]

😂😂😂😂

[@angelasoWA]

Just stay single 😂

[@postskeetclarity]

depends on what side

[@shirolee]

Yep LOL, learned from my friends and family!

[@matshepherd118]

Lead your wife and just don’t get divorced. It’s not that complicated.

[@Rob_Lerch]

The best way to save money in your 20s is by living at home with your family, if given the opportunity to.

[@Zucr_]

It's crazy if I had done that and work a minimum wage job instead of going to colleges and invested most of my earnings I could have 250k assuming i only work minimum wage. Think I could have done a little better then that.

[@cool-dev]

Times have changed. Especially in tech it's extremely hard to get a job at a tech company. Keep on changing jobs eventually you will learn the lessons the hard way. Quit the rat race early, live within your means, save and be happy with what you have, not chase after fluff

[@Mav0585]

Yea that game doesn’t work in this economy

[@Ramonimalik]

Do what’s best for you. Companies aren’t loyal to nobody. You don’t owe them nothing either. Leave if it’s best for your and your family

[@TheThugNasty]

⁠@@Mav0585what doesn’t work? Living below your means? Not chasing the “fluff”?

[@DrichMade]

You consume more than you can chew. ​@@Mav0585

[@AV-qf9qn]

"I don't regret buying my own property. It's essential for the new generation to realize that the wealthiest individuals often come from real estate. Managing my property is a smart move that aligns with my financial goals."

[@joanebaptiste-cummins3207]

I agree! I'm in NYC ,and the best thing I've done in life was invest in a multi family ( house hacking). It has saved my life and provided an invaluable foundation. Paid off my parent's mortgage, along with setting up other family members. Social media is trying to tell people renting is better and that's horribly ill-advised.

[@JCizzleSoCal]

I bought a couple of properties several years ago in SoCal and it’s the best decision I could’ve made. The first property became a rental and has quadrupled in price, and the second is the primary which has doubled. No regrets at all. As a matter of fact the mortgage on the second home (larger of the two) is $2500 less than the going rent for the same place.

[@Rjcuatrocinco]

Might be changing in the coming decades. Real estate gold rush ending and big corporations are locking everyone out.

[@pchygrl17]

Yay! Love Humphrey’s channel!

[@mmmd3429]

Quitting your job every two years does not make sense for every single industry.

[@lynninfinite]

Correct! It just depends. For those who can, it’s quite lucrative in terms of how much people can jump in salary.

[@hersheyofdoo]

I watched my wife do this went from 45k to now 106k plus and she gets a new job every year. We been married for the last 3 years. Known her for 5.

[@mmmd3429]

@@hersheyofdoo That's good for her how it worked out. In my industry it would be dumb to job hop. Union negotiated wages for the win.

[@y2han]

😂

[@basamnath2883]

People who worked for decades in companies like Sherwin Williams, are multi millionares

[@leadgenjay]

Humphrey Yang really nails the importance of saving and investing for wealth building. For entrepreneurs, remember that reinvesting profits into your business can often yield higher returns than traditional investments, especially when it's in areas that improve your operational efficiency or market reach. Always balance personal investment with strategic business growth to maximize your net worth.

[@humphrey]

Thank you!

[@eliot5220]

Job hopping doesn’t work in every industry. I know some people trying that and then the third job they get laid off. Then they get a job that pays half now you’re starting over again because no one wants to hire you because you’ve had too many short term jobs.

[@YouT860]

Yup the generalization is ridiculous

[@caveman9897]

Two years is the term referenced here. Doubt many if any industries consider two years short term

[@eliot5220]

@@caveman9897 That is short. You must be under 30.

[@joshuabatres182]

@@jasonb4770FAANG and software startups aren’t the only tech jobs. Every Fortune 1000 has tech jobs, if the SaaS industry is slow, one can easily find a tech job at a “non tech firm”. Also folks in consulting or banking, lawyers or accountants job hop too (earlier in their career) it’s not just in the “tech industry”

[@xpaperxcutx4588]

Vivian Tu has also said that if you’re like not getting 15% increases you better leave your job after 2 years. Two is the standard in most business -related industries. It’s not too short of a time but long enough for you to get hired for your next one.

[@DontPraiseTheMachinePod]

This has become my favourite podcast and I look forward to new episodes every week. The guest selection is great and the guests are always so candid, and generous with their knowledge ands Eric asks great questions. I also love how Eric jumps into each episode with valuable questions right away. Value from the get-go, no fluff!

[@LevelingUpOfficial]

Thank you!

[@humphrey]

Boom!

[@dennishansbury6362]

This is the 2nd full video I’ve watched (Ms. Tu was the first) and despite the fact that I’m a self-employed artist, your conversations are so absolutely inspiring and motivational. I’ve already subscribed to Mr. Yang, and hope I can use the information you share to increase the wealth of my fiancée and I, and really command our future finances. Thank you!

[@LevelingUpOfficial]

Glad you enjoyed the conversations

[@revolution5124]

Learned a ton, I appreciate your info and efforts.

[@arkadandfortuna1582]

Awesome post keep up the good work. Humphrey is one of my favorite KZbinrs because he talks about financial topics in easy to understand plain English with examples. 👍 Great stuff guys!

[@humphrey]

Ty Ty

[@cali-pa8873]

Loved this talk ❤

[@shana5300]

Great interview!

[@robertwhitehead1174]

Great money discussion

[@ds5651]

Agreed. I am in the top 9% with a Roth IRA and financial independent. People need to get clear on their goals and their why.

[@kameswarikeerthana9414]

single short convinced me to watch full episode.

[@InvestingWithAdamK]

Early into video. . . People often talk about home prices to wages from the 50’s or 60’s. How many square feet was that home? There is no comparison of what a home was in the 50’s and the regulations required to build them. The government costs along with how much the property has changed is never taken into account

[@Davidstowe872]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@Elkemartin213]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@Jamesbrown1126]

Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn

[@Greghilton3]

Quite true! You don't necessarily need to be a flawless investor; all you need to do is seek advice from an expert. I began investing in 2016 and pulled a profit of roughly $370k the following year despite having no prior investment knowledge.

[@Jamesbrown1126]

Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this advisor?

[@Greghilton3]

There are several independent advisors you could research. However, I have been working with “Melissa Rose Francks” for almost four years, and we get along great. If she appeals to your judgement, you could continue with her. I support her.

[@sherpamcderpa1961]

What a great interview. Good questions and Humphrey is an awesome guy. Have only watched like 1 or 2 videos but love his genuine character.

[@humphrey]

thank you :)

[@wandasworldhaircarejourney5788]

Great content

[@cyndeenguyen2394]

I like watching Humphrey, he's very humble.

[@humphrey]

thank you :)

[@TitusFeliciano]

Its great how raw, transparent and honest the conversation is and really digging into the ‘reality’ of growing in youtube. Subscribed 😊

[@mattmiller8720]

Great advice! Save and Invest. This is the best country in the world by far when it comes to the equities markets. The barriers to building wealth have never been lower. The amount of knowledge through things like KZbin is astounding, so don't wait.

[@Fuzzycow24]

This is not actually true. We have relatively low barrier of entry, but Canada has more ability to change your class than in US. In the US you can build a higher salary, but your ability to get the higher salary is not as likely, per capita, than other countries.

[@mattmiller8720]

@@Fuzzycow24Thanks for the comment. My comment is not related to salary but the access to invest in the worlds best companies in the USA stock market. In my opinion, one of the best tool to build wealth is through investing, not through salary.

[@ConfidenceCreator2]

01:27:26 Can you tell uz who these people are you didn't mention it in the video

[@eliot5220]

The biggest barrier to wealth building is living in a high cost area. I have friends living in CA and they’re broke because they paid a million in rent . I live in the Midwest and have close to a million in assets because I don’t pay rent. So you can’t start building wealth if all your resources goes to surviving.

[@stockdetective4396]

In other words, Dont be a slave of the one percenters

[@eliot5220]

@@stockdetective4396 just don’t live in a place where houses are a million$ if you’re not a millionaire. Because you end up struggling to stay in the neighborhood.

[@michaelhuber1107]

💯 I've never understood why people don't get this lol

[@eliot5220]

@@michaelhuber1107 Right that’s why CA has the most homeless people because they blew all their money on high cost of living. The rest of them are broken people of drug addicted.

[@haute03]

Key lesson in living below your means when you have a healthy salary.

[@RandomJane104]

Jumping jobs every two years isn't for everyone. Also make sure you understand you lose most of your 401k match money each time you jump because you won't be vested. You do get to keep your contributions though.

[@lesleytao1915]

So smart both of you

[@SomsaiArts]

Another amazing talk. Ty for the free content. :)

[@lala-dee]

Buying real estate now high home price and interest as well as leveraging more than one property is risky, no significant equity building and limited buyer pool for resale later, then forcing your household to keep making alot of money for the long term and stuck, cant take risks. Silicon Valley is mostly fd. He's making good financial moves.

[@Paulokun7]

A friend and I were talking about what you said about the number 1 wealth killer. My friend thought about it for a moment, and said that a new car is probably the #2 wealth killer. He was saying how the average person moves every 7 years. He said this is the #1 wealth killer. He has a good point.

[@SM-xx9fq]

Moving is the number 1 wealth killer? I hadn't thought of that, but it sounds likely. Great point!

[@JJ-jn7ei]

Agree! That + refinancing your house

[@GOxHAM]

I always hear about this idea of job hopping. Would love to hear more specific details about that. Like are you hopping to completely different jobs? Similar jobs? Were you applying while still employed? Did you take career breaks in between? Did you have to negotiate that pay, or was their first offer? Did you disclose how much you were getting paid before or did you fluff it up? More details please instead of simply saying job hopping means more pay.

[@Playingwithproxies]

Wherever values you more. If you find another company that is doing the same thing but is placing a lot more value on your experience then jump to that if you have other skills that pay a higher amount jump into that. Moving around gives you leverage in the pay negotiation process especially when you are still holding a position while job shopping.

[@lukethompson5558]

It is true that job hopping leads to much higher pay and higher positions, but I’m shocked as to why it’s like this. You would think employers would be smarter, and reject applicants who are job hopping, since it should be obvious from their resume, and an experienced interviewer can sniff out a future job hopper and reject them. For most skilled jobs that aren’t minimum wage, for the first 6 months you’re more of a drag on the company while you’re learning the job, and taking other employees’ time to train you, so if you only stay for 2 years, the company really got hosed. Perhaps tech companies are just making too much profit and stock value to care about foolish/expensive hiring practices?

[@lolite_a]

This is one of the best videos I’ve watched ever on KZbin . I’m so fr

[@BasicBeachCommunity1]

great. Thx I shared with my 2 older kids

[@magno408_1]

What expense/budgeting app does he use?

[@rnarzu]

Honesty is not rude. Humans have lots of inertia

[@redic3408]

Does anyone know about the AI Eric is talking about at 1:13:00 can’t seem to find it anywhere.

[@husnaafsheen]

I think its the edify app its like an ai tool which mostly checks for online reviews

[@cre8tion26]

This was the Roth IRA advice I have been waiting for someone to say out loud. Very similar to if you're still young, the stock to bonds ratio in your portfolio should be of a certain %

[@darksideofthemoon19]

Earthbound was amazing.

[@humphrey]

Hell yeah

[@CdotForbes13]

It's either buy cars that just come off lease or something that has been well taken care of that is in the 6-8 year old range. Those are the best options.

[@postskeetclarity]

too many variables to factor plus subjectivey of consumer needs. only real advice is to buy once cry once. also consider cost of ownership

[@justinm2020]

The job hopping is why there is so much incompetence. If you actually want to learn and master something you got to stay at least 5 years. Depending on job type.

[@caveman9897]

Do you want to master your craft or earn a better living for your family?

[@justinm2020]

@caveman9897 if you master it it's more likely you will earn more overall then be over promoted to a level above your capabilities and then stale out in your career. It's a trade off but more worth it IMO. When I interview for a job or interview someone that has had 10 jobs in 15 years of work its a hige red flag and typically means something not good.

[@protalleus]

@@justinm2020you can job hop without changing career paths, and still become an expert. Good workers who leave puts pressure on employers to better pay future top performers. Employers need to learn to pay their staff. If someone is getting paid above market rates, and are given internal career growth opportunities, what do they have to gain in leaving? That's how you keep good people. Make it hard for them to leave.

[@haute03]

Then employers should stop underpaying their employees. People job hop to make more money.

[@Vub.]

​@@justinm2020you don't have to show them all the 10 jobs. Just show them the 5 most important ones and lie about the dates.

[@alexandrial6738]

@36:35 I love this take. I was also very privileged that my parents didn't charge me rent while living at home. This allowed me to make money mistakes while on minimum wage. Once I finished school and got a salary I moved out immediately and bask in the independence with still saving.

[@humphrey]

yep!

[@BigheroC]

Humphrey should really really talk about your ability to not pay rent for how many years before you branched out. For me, that's the starting block. All the money he saved and put in certain financial avenues means nothing if he did not have that financial backing.

[@panaylorable]

Compare square footage as well for home prices. Across the board you might find it's actually very close in price.

[@SteakFromJakeFarm777]

if a financial advisor is commissioned based, that’s usually a tell that they are not a fiduciary. a fiduciary will usually charge a flat rate, no commissions or percentages.

[@workmani]

Humphrey, in regards to your comment about financial advisors using standard investing tools that don't typically beat the market, didn't you recently start partnering with Facet? What is your reasoning for pushing them for investment / wealth management outside of the other planning services they offer?

[@humphrey]

they still offer financial planning for about 1/4 of the fee of an advisor, so I think for plannign they're still good.

[@workmani]

Thanks for the reply, do you think any financial advisor will navigate any downturns the economy experiences better than a simple 2 / 3 fund portfolio?@@humphrey

[@humphrey]

For pure investing purposes, probably not. But the point of an advisor is still not for investing (in my opinion, although many people look at advisors for investing advice), I think their true strength is figuring out how to optimize your entire financial situation. For just investing returns, in a downturn they will perform very similarly to a 2-3 fund portfolio imo, or maybe even underperform those.@@workmani

[@egrose]

Watched the entire interview. Humphrey is the man. As a subscriber of his, was great getting to know him better. Thanks, guys. 👍

[@humphrey]

Ty ty🎉

[@BidenIsKing]

I have made 3.2 mil in my 401k and have 2 properties worth over 1.8 mil. With 680k in treasury notes along with 230k in bank CD and savings. I am 48. Just from wise investments in stocks I manage just making 130k a year. 401k is just fine!

[@Mikeignasty]

Nice! I’m 35 and kind of on pace to have similar numbers by the time I’m your age. What’s your financial goal? Will you retire soon?

[@BidenIsKing]

@@Mikeignasty I tried to retire and found myself bored without an intellectual challenge and a lack of socialization. My mental health suffered as a result. I did however get very good at golf, pool, drums and guitar.

[@b0ndrey]

That’s crazy. Congrats! I don’t understand how that works on that salary though. I’ve been saving toward retirement since age 21 when I joined military and now at 48 have about $550k total between retirement accounts, savings, and brokerage and don’t own a home (due to divorce). Between divorce and serious health issues I’ve lost my home, rental home, and about $650k, but even if I had it all back that’s still a far cry from where you’re at. I’ve also never had a fancy car or lavish lifestyle. Contrary to your lived experience, my life experience has shown me that compounding calculators and planning are best case scenarios that don’t actually have much chance of playing out. Having lived in a self imposed environment of scarcity since my 20’s for the sake of financial security and retiring in my 50’s then not having it play out has me wishing I didn’t penny pinch so much and had more fun with my money while I was younger.

[@bobbytatum84]

You're my inspiration

[@MennyAnaya]

Your data is incorrect, you cannot expect a salary raise like that every two years, that’s so out of context. The problem with these type of creators that assume personal is general.

[@lynninfinite]

A 20% salary raise is unlikely if you stay at the same company, but if you job hop, you can get a 20% salary increase if not more. Just depends on your job/role you apply for. People who job hop can attest to that.

[@livingworkingoutsidebox]

When I worked in corporate I was given a .27 to.53 cent raises. I moved into different roles into the same company still very underpaid compared to friends that jumped every 2 years.

[@mjtuyor]

18:54 The Money Guys have a Wealth Multiplier chart from age 0-65 that tells what every dollar is worth until you reach retirement age, which I think is age 65 on the chart

[@eliot5220]

Job hopping works the first couple times but what about when the employer says it looks like you’re job hopping?

[@DonutAgain]

I have never seen it to be a problem. At least in tech it's so common.

[@atachardware826]

Key: Index Funds …. Market Tracking

[@y2han]

My journey - out of college Year1 $62k Year5 $86k (promotion) Year7 115k (job switch) Year10 155k (job switch) Year12 185k (raise, current ) My takeaway if the company has a mechanism to conduct regularly review and offer raise or promotion then stey. If not having such mechanism within the organization then switch every 3-4 years (dont do 2 year!!!)

[@Andrew-Comi]

This is why every millennial i deal with has no clue what they're doing. They dont stay in a job long enough to master their craft. Changing jobs every 2 years is an awful mentality.

[@KrustyKlown]

House Affordability was HORRIBLE in late 70's, early 80's when rates peaked neared 18% !!!

[@Chrisisthename]

Did I miss it, or where is the conversation about ditching the 401k?

[@humphrey]

haha the thumbnail isnt that accurate!!

[@Vub.]

There is absolutely no reason to ditch free money from a 401k match.

[@RandomJane104]

​@@Vub.Well, if you jump jobs every two years you will be ditching your 401k match money because only your contributions and maybe a small percentage of match money will be vested after only 2 years at most places.

[@Vub.]

@@RandomJane104 yeah. Just wait 5 years. You can jump positions within a company too

[@turkeclipse]

I just did a search in the comments and as I was doing around 1:30 the topic came up briefly. Didn't watch the entire video.

[@roosplans]

But what if you're an average person who isn't tech or finance smart? Instead of moving jobs to gain income, should we go get new qualifications or certificates to even be able to upgrade our jobs and income? If so, what are new certifications or new qualifications we can do that won't break us before going into a new job? For example, I've been working in the school system, and working with young ones is the ONLY experience I have. How can I upgrade when I don't have different or better qualifications?

[@ZZ-ed6wp]

This podcast has some serious you know it I know it everyone knows it vibe.

[@DownSouthFinance]

$1 saved is $88 in retirement. Information comes from The Money Guy Show. Starting Value: $1 Period: 540 months (45 years) Rate of Return: 0.833% (10% annualized) Ending Value: $88.35

[@Playingwithproxies]

10% is way to high over 45 years 😂 8% gives you roughly $32 per dollar saved at 20 years old (dollars saved after 20 give you less every year). But if you factor in your loss due to inflation it’s even less. 2% inflation over 45 years compounded makes the 8% return worth $13 (in todays dollar) per dollar saved at 20

[@jandeguzman8900]

how do ya'll feel about international diversification? Surprised Humphrey doesnt hold something like VXUS.

[@LowInformation]

I bought NVDIA and MSFT for $2, $18 in 08. Investing your extra money helps protect it against costs going up. These 2 examples have gone up a couple a dollars since then.

[@jamesloehr641]

Switching jobs is kinda hard when nobody is actually hiring and the next job pays a lower starting wage.

[@GlitZnGold]

Thresh from Quake came up in this podcast 😂 totally nerding it out and unexpected.

[@PurpleNGold824]

I’m not buying a home here. I’m saving up to 300k and moving to either Mexico or Chile. I love Chile. Buying a home in US isn’t my dream.

[@Almightykingtay]

I agree you more likely to get a raise job hopping

[@HangryD4D]

How do they get hired so easily??

[@rnarzu]

Amazing how when explaining something like crypto the answer is" it may go up, but then it may go sown"😒

[@CharlieWang]

44:07 Humphrey got some based gaming takes.

[@humphrey]

ty bro!

[@ronaldreyes2243]

Definetely not the case getting wealthy from buying a house. Keep Growing Capital, then that Capital will let you buy your home cash.

[@corpuzone]

You can have a “nice” car or two, but I believe it helps to save least 10% of each paycheck so 20% a month or your take home pay(net). You can follow the 30% rule for paying monthly on a car, but not here in California that’s not possible. Depends on your lifestyle and your needs. Build a safety net and lessen the luxuries the vacations you will be fine. If you are married or have a partner it’s great to have 2 incomes helps significantly. That leaving a job after 2 years isn’t too realistic I tried that .. if in the future you do that, be sure you can back up what it says on the job description and research do your due diligence. That interview process is challenging, but once you make it you’re in!

[@JTStream]

It is true that the cost of "average" house has risen significantly. But there's a twist in this statistic. The average house now is a lot bigger with more garages and bathrooms etc than the average house back then. If you scale your wants back and stick to your needs (not every kid and baby need a room of their own, cars don't need a garage, etc) and go for a home the size of one in the 50s, suddenly the price range drops dramatically. Modern day people mistake wants for needs and buy McMansions instead of condos etc.

[@3Xero3]

You can simply examine the same home and it's sales history. Currently in my state, on average homes that sold for anywhere from 50-100k back in the early 2000s have all increased almost by an entire extra zero. These sales homes are now in the 500-1,000k range.

[@janethomas7873]

The car this is funny because I bought mine new and it’s worth more than when I purchased it 4 years ago

[@eliot5220]

I don’t understand why rich people say the interest rates are too high. Why don’t you just buy what you can afford? So I’m not rich but I could afford a 34,000$ house with $100,000 fix up. So I did that. I’m not concerned with interest rates.

[@andichrist2000]

Rich people own businesses and businesses need to borrow to grow so high interest rates are bad for them

[@eliot5220]

@@andichrist2000I’m referring to average homebuyers. Of course that makes sense for business owners.

[@johnburnett1974]

I’m a truck driver and there isn’t much difference in pay from one trucking company to another. So there is really no point in changing jobs. I’ve been driving for 20 years. My wife and I drive team and we each make 100k.

[@tadrod2323]

if ur company offers 401k, enrol in it and diversify to after tax accnts , etf etc.

[@euko7469]

tesla isn't really known to be high paying in the tech space. maybe spacex is a different story, but people that accept tesla offers are impact driven, not by paycheck

[@chipsun2504]

Source of the problem is the fed reserve and the debt system. No point in making more money if its worthless soon

[@Simon-lh9oh]

Why can’t you take a loan to use the 401k amount for those amazing investment opportunities or property that could come up?

[@AFGixxeR88]

So are people blowing up on social media by making how to make money videos then actually make real money from them

[@eliot5220]

There are a lot of dumb people so they latch on to folks easily even though the people they are latching onto don’t know anything other than how to edit a video and spew surface information

[@danielj5136]

During the American gold rush of the 1800's, you could take your chances at striking gold and possibly go broke...or you could sell pick axes and shovels to the first group. Financial videos are a little bit like this. They are selling the pick axes.

[@WinS392]

i got scammed in runescape when i was 11 for like 25 coins and some bronze bars (guy said he would make me armor). never got scammed again once in my life after that experience 😆

[@henryha2285]

Humphrey needs to make a video on his moisturizing routine 😍

[@carlc4098]

It only works with people that are really good, which is not the majority. The majority are only average or below that usually don’t last in the industry.

[@STEPXMoney]

Those chairs are so low. Are they actually comfortable?

[@thaifanmeetusa]

I wish he asked him about YT momentum how he changes his thumbnail/titles to make them more effective over time!

[@brettbouley1319]

I wonder what the average square footage of the median house in the 50s. Modern lifestyle is causing the lack of wealth.

[@tresjolieme81]

Wow Tae Kim is awesome get him ok

[@rsanchez7205]

Easier said than done, when you have 4 hundred thousand dollar income or million dollar income. What about how can you get there from minimum wage?

[@mudpitperformance]

A hard pass when I hire is anyone who has had 3 or more jobs in 2 years.

[@antiderivativex]

Those chairs look mad uncomfortable 😅

[@rolandostaelena]

A lot of pro/con argument with real estate investing is entangled in resentment and emotionally charged parent/child relationships. I see a lot of the “anti invest in real estate” youtubers come from them rebelling against parent advice. Owning a personal home IS NOT investing in real estate. It has a psychological componenet that should not be ignored.

[@jimsbro]

Is he related to Yandrew Yang? Just wondering. And does he have securities aka Investments licenses?

[@humphrey]

I am not, and i did have my series 7 and 66 - but have since expired!

[@MistahFluffay]

I cannot find Humphrey Yang on Brokercheck... what's his real name ?

[@humphrey]

its been 10 years since my license lapsed so i dont show up there anymore, but my CRD # Is 6122299 if u wanna look it up!

[@AR-ln7ln]

Having friends who are always broke and in need of money is costly.

[@tubenachos]

You do know employers look at your work history? They'll question why you don't stick around a bit which could make them hesitate to hire you. Plus you lose incentives in 401k matching.

[@veritas3179]

People should stop complaining and blaming everyone and everything but themselves.

[@HOC242]

👍🏾

[@YourYouTubeCoach.]

I’m brushing my teeth right now lol 😂

[@Davewhipped]

The job hopping thing is ehh. Most people will peak at some point. I agree with the get promoted within the company comment, but there are risks to job hopping. Also, 401k vesting, insurance, relocation terms, bonus terms, etc... The job jumping is probably more for jobs like engineers, computer coders, or highly educated people with connections. Regular people cant job hop every 2-3 years over and over, with 10% bumps each time. maybe early in ones career but then you'll run into a market average.

[@jamesstpatrick8493]

Only job hop in tech. Job hopping isnt always a good idea

[@drewsmith8054]

The ultimate saving should be long term accumulating and holding bitcoin, stop recommending the bs fiat trash that’s melting like ice cubes