The Best Financial Strategies by Income: $40k, $75k, $100k+

[@humphrey]

Check out Rocket Money for free: RocketMoney.com/Humphrey #rocketmoney #personalfinance

[@BIGJATPSU]

I had a chat with my Empower rep several months ago about that very savings chart. The rep informed me that a better way to view it is try and be AT the median goal at the beginning of your 20's, 30's, etc. Their hope, and surely ours, is that after a 10 year period we'll of course be paid more than at the beginning. With good planning when you're young, it'd blow the top end easily away. Also even if you are later to the savings game, such as myself sadly, with sound planning and compounded interest, all those numbers are easily beatable. It is possible, markets willing, I could hit the stated median at the end of my 40's. Even if I do not however, by the end of my 50's I'll be will above the median listed there. Informative video as always!

[@aspreedacore]

I use rocket money they cut my optimum online bill in half now I pay $55 a month instead of 110+

[@tristenmacfarlane2698]

Can’t get the app in Canada

[@Aequalis-r6h]

Is reality income a risk or should I leave 10,000 in it.

[@ClaudiaSchreiber-b1p]

Net worth truly snowballs after $100k! 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!

[@ErinWarner-zc9jy]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

[@annaj.osorio]

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.

[@MagnusLarson-l1o]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@annaj.osorio]

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@McCarthyMichelini]

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.

[@nicolasbenson009]

I used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.

[@Michaelparker12]

Experienced the same thing. The financial counselor we met with last year told us, "Guys, you've already made it," even though my spouse has retired. Stop delaying enjoyable activities in life.

[@hersdera]

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-]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

[@hersdera]

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.

[@BridgetMiller-]

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

[@gem93177]

Concepts I'm most grateful I learned in my 20s: lifestyle creep and opportunity cost.

[@humphrey]

Yes!

[@rayzerot]

Two of the most important personal finance concepts!!

[@paulmarshall9189]

Yes, the opportunity cost of working a day job in your 20's is way higher than working part time in your 60's.

[@Priinsu]

I've lived a hermit/minimalist lifestyle so lifestyle creep was never an issue now that I'm 30. I have everything I need at home and I'm very comfortable. I've been driving the same car since I was 19yo😂

[@dremewhite5209]

​@@Priinsuthats a blessing to have a car for that long! good job!

[@Donnafrank-k6e]

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.

[@caseycantrell-gh6fg]

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

[@Donnafrank-k6e]

@@caseycantrell-gh6fg 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.

[@caseycantrell-gh6fg]

@@Donnafrank-k6e Oh please I’d love that. Thanks!

[@Donnafrank-k6e]

@@caseycantrell-gh6fg Clementina Abate Russo is her name

[@Donnafrank-k6e]

Lookup with her name on the webpage

[@TheJackCain-84]

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

[@kevinmarten]

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

[@JacquelinePerrira]

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

[@kevinmarten]

Impressive can you share more info?

[@JacquelinePerrira]

Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

[@kevinmarten]

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

[@AminaCasazza]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[@HilaryPhan]

This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down

[@GabrielZi-xr6zc]

I thought about investing in the financial market, I heard that people make millions if they know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.

[@A-krandy]

Fantastic! Can you share more details?

[@A-krandy]

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

[@travvvvvv825]

what does this even mean? how is gold an income stream? boomers are so silly

[@MathiasLaurel]

Agreed 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, looking for companies to make additions to boost performance

[@EoN36963]

Scam

[@KingChocobo]

Just buy VOO

[@apelife9615]

​@KingChocobo I definitely heard of VOO through Vanguard all the other ARE SCAMS

[@fma891]

Another finance page, another comment thread of bots talking to each other.

[@coreym846]

😂😂

[@brianwhitehawker1756]

Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.

[@lucaswilliams9992]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@yeslahykcim]

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

[@Jadechurch-ql3do]

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

[@yeslahykcim]

Laila artine kassardjian' 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.

[@codeblue11]

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

[@victoriaabott]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@kurtKking]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.

[@Kaustavpatell]

A lot of folks downplay the role of advisors 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.

[@Vivienedouglass]

@@Kaustavpatell Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

[@Kaustavpatell]

Michele Katherine Singh maintains an online presence. just make a simple search for her name online.

[@Vivienedouglass]

@@Kaustavpatell i am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again

[@Angelavaldess]

Loved every second of my watch to the very end. I could really use your help Ramsey, I’m 52 and disabled since 2007, still own a small business with $480K in savings. Already rental property. But I'd still love to grow my investments. Can you help?

[@ericmendels]

I'd suggest you speak with a market expert before making any decisions rather than act on every forecast. Remember KZbinrs do it for the views and engagements with no real market experience.

[@Higuannn]

@@ericmendels I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe

[@Angelavaldess]

@@Higuannn I've been getting similar suggestions and I buy into the idea of using an expert but finding a decent one has been the challenge. Do you have any recommendations?

[@Higuannn]

@@Angelavaldess She's known as 'Alicia Estela Cabouli'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@Angelavaldess]

@@Higuannn I Found her web page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks

[@Verasabri]

SHORTCUTS TO SUCCESS

[@Verasabri]

the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money.

[@Verasabri]

I had decisions that grew my finances (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Living the dream, hoping to retire next year.

[@Verasabri]

Get to her, if you care... Elizabeth Green Hunts..

[@EmersonFranklin65]

My best financial strategy no matter the income is Never Put All Your Eggs In One Basket. As a 9-5er, I made more than twice my income last year from only stocks and freelance developing. I also experiment with a couple of other things. It's way harder to make money plans when it's coming from just a source No Matter How Well It Pays.

[@Kortneylove-1]

They always make it sound so easy lol. tried to buy stocks some weeks back and came out with way less. would have been better off lavishing it on other things.

[@wonderfully_madeJake]

This used to be me. Just know that you must either understand the market well enough or get the services of a fin. adviser who does for your "investment" to count. I have gotten close to a hundred grand within the past few months only after some months of throwing my money in the wind. You should try again, good thing is you now know better. Goodluck!

[@PriyaKrshna234]

i've got similar problems and I have also considered using an FA but I don't know how to go about it. please, what are the steps for getting one? like a really good one.

[@wonderfully_madeJake]

You should start by looking out for those from known firms and good track records. You should also make sure the person is licensed. Personally, I use Kelly Matwick. She's good and you could also look her up.

[@dannywalters958]

Wayne-bk1jc I know her. Used to share same office block with her back in the day nice lady

[@Chris96528]

22 gonna be 23 in June and net worth is approaching 50k videos like this make me remember that I am on the right path

[@hunterandchavy]

Never compare yourself to others that drive nice cars 🚙, take multiple vacations, spend money 💴 on unnecessary leisure items (i.e. new sneakers 👟 in every color). I am on a journey to save $100k … I want to aim high so I can reach my maximum potential. Thanks Humphrey… great video

[@chucalissa9231]

Dang you mentioned my family members that believe in living like that I don't * live like that ..by no means

[@timido7]

96k more to go 🥲

[@dremewhite5209]

​@@timido7right there with ya 😭 but we gone get there!

[@sector910ify]

@@timido7you’ll get there 🎉

[@loganmccullough987]

31k more to go

[@Susanhartman.]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity

[@91ScottieP]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@mikegarvey17]

In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.

[@mariaguerrero08]

@@mikegarvey17Could you possibly recommend a CFA you've consulted with?

[@mikegarvey17]

My CFA ’Gertrude Margaret Quinto’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@ThomasChai05]

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.

[@marythang1260]

I'm 45 and have already done everything you discussed but I love watching this channel because it's like exercising. Even if I'm financially "fit", this is great to keep me on track and always reevaluate what I should or could be doing next. Keep up the good video content. 👍👍

[@Savedandfreed]

Smart thinking

[@gjackson651]

Im 33, I've been saving 30-35% of my salary since the age of 17 and im currently 4x my salary not including my 401k

[@emilyau8023]

Dang, I wish I began at 17 but I'm 24 and beginning.

[@therealkwesi]

Be happy your 24 and starting. I started at almost 30. Im about to turn 33 in a few months. ​@emilyau8023

[@LHSHarmon]

How much do you make a year?

[@deanrotering879]

@@emilyau8023I began at 24. Put 12% in my 401k every year. I’m 58 now and will retire comfortably next year. You can’t save much in your 20s but that money has 30 years or more to grow. Just put it away and forget about it.

[@gjackson651]

Just shy of 50k

[@deadspeedv]

An interesting statistic. More than half of Americans earning over $100,000 a year live paycheck to paycheck. Lifestyle creep is a serious issue.

[@parkour267]

Was planning to try getting a house but decided on bmw for housing market. Definitely boosts my mental state

[@Thehandler85]

That’s unbelievable

[@nicktayloradventures]

living in California with a wife, 3 kids, and a single wage makes it real easy to live paycheck to paycheck on that amount

[@rebeltheharem7028]

@@nicktayloradventures I mean, you can always lower your quality of life and live below your means, but most people don't really like budging on that. I mean, I can lower mine, but I wouldn't want to lower my kids quality of life.

[@martun-n1x]

They say with Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. So can i put a portion of my 5%(HYSA) in index funds? I also have 400k in an annuity. How do i maximize all this to make gains this year?

[@timmontagjr.3171]

@@Jasongonzales-456781. Pay off debts you have. 2. Get the remaining money invested with the help of a financial advisor. (Talk with a few financial advisors and go with the one that you like. Treat it almost like interviewing the financial advisor when you first meet them. Do they have your well-being in mind or making themselves money using you?)

[@Kknzz]

@@Jasongonzales-45678put it in an S&P/VOO, and forget about it

[@BrianGivensYtube]

I’m so happy I focused on investing at 21. I’m turning 26 and my investments are really starting to snowball. Its awesome!

[@SCAGUEZ]

Can you share where you put your investments in ?

[@bribradt3450]

​@@SCAGUEZmost people buy low cost index funds. S&p 500( ticker Voo) or total market index ( vti) You cant go wrong with any broad market index funds, as long as you hold them for a long time

[@_davidturner]

My retirement account has gone up only by 2% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 22 years of working hard.

[@RyanBen-zc7bi]

Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.

[@_davidturner]

How can one get to interview advisors? And what questions should you ask?

[@xavier_lucas]

There are a good bunch as well as a bad bunch. You gotta do due diligence and use discretion. I work with Monica-Mary-Strigle sh’s big timer in New York w/ over 600 m worth assets under management

[@FranciszekPawal]

I have seen advisors and commentary on them but not one that looks this classy yet phenomenal. She experienced as detailed in the report. I set up a call. How soon should one expect feedback?

[@_davidturner]

Looks good. I hope my email doesn’t end up ignored, lady is very young for that experience and looks quite brilliant. Thanks for sharing.

[@lincolnlohann]

Great video and advice. I am 29, have my own business with my wife and our salary is 42K (so 21k each). We have no debts but we just spent our emergency fund and we are doing it again. It is a bit stressful working on this salary as we always have to be moving money around to cover this or that and we are constantly making money decisions. However the business is growing and this 42K salary will soon be more and we will have more freedom. We still save 10% and travel a bit with that, but we have to have a huge control haha’ Sometimes I just dream of the day we will be making 60K and have some more freedom hahaha’

[@samchoate1719]

I’m not much different than you friend. What do you do for a living?

[@margaretmclaren4685]

One thing to consider about saving vs credit cards at the 40k level. If you save money you're less likely to charge things and perpetuating the cycle of card use. I'm trying to do a bit of both as possible.

[@Doug-rv3nr]

Everyone told me I should buy a new Mercedes or BMW since my income jumped. I went with a 4 year old Mercedes with less than 50k miles and pay less than 4% monthly income. It turned out very well.

[@TalesOfTrillions]

As someone hustling at the $40k level, I appreciate the realistic approach you bring to the table. Thanks for keeping it grounded! 💪

[@vicoussoulja]

40k spot on how to have a good finance life. Making around that much and early 31 paid off all my major debt kept me above water. Great explanation video

[@LeahRoberts618]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Smith.

[@Robert.Maynard]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@RomanAtwood79]

I'm new at this, please how can I reach her?

[@ErinMcBain321]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@LeahRoberts618]

she's mostly on Telegrams, with the user name.

[@LeahRoberts618]

Ksmith6 💯

[@jasondenton4867]

All automatic payments i have come out of my checking; all gas/grocerys misc. I pull out 200 cash weekly. Easiest way to budget by having cash

[@johnjackson8342]

Great camera quality, the growth of your channel is well deserved. Your videos are so clutch to those of us that are young professionals trying to make a strong start in early adult life. Most of us are probably already in a deep plunge in “finance KZbin” and you consistently deliver with a down to earth reasonable perspective without grandstanding and adding BS to get likes and attention. Love your data driven breakdowns, the quality is always trending up. Keep up the great work

[@gmosworld]

Starting a new job with a higher salary, and this is super helpful

[@ElisaLaurent-yu6tp]

Nothing beats the involvement of an expert in any trade or investment, selfishness and greed held many back and they ended up suffering huge losses, and the crypto market- Currencies are no exception.

[@louisspecter-pm4fc]

I agree because most people I know complain about losses due to poor market analysis and recent bear market situations

[@DavisGarcia-qy4bd]

Which professional would you recommend? I'm new to the world of cryptocurrency and I really need an expert to guide me.

[@ElisaLaurent-yu6tp]

I work with Christopher Scott after meeting him in an interview on CNBC.

[@ElisaLaurent-yu6tp]

He's on Instagram***

[@ElisaLaurent-yu6tp]

CHRISTOPHER SCOTT TRADING

[@draetonbybee9307]

Wow i can work my whole life to become a millionaire at 67 years old 😱 holy macoroni this is great financial advice guys. Good stuff.

[@ChloeMacy-je1nu]

What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.

[@KateEngdahl]

For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.

[@HilaryPhan]

If you do decide to make new purchases, have an exit strategy ready. Consider taking partial profits quickly to lock in some gains. I've been in regular contact with a financial analyst since covid. Investing in popular stocks is now quite straightforward; the issue is determining when to buy and sell. My advisor makes investment and exit decisions for my account, which has risen to more than $500K in less than a year.

[@GabrielZi-xr6zc]

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@HilaryPhan]

When ‘Marisa Michelle Litwinsky ’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

[@GabrielZi-xr6zc]

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.

[@nicholasharvey5628]

Really thinking about it, I think having it together by 30 is great, but I really feel like age NEEDS to be taken out of the equation here. It kind of gets frustrating when watching this, because so many people who are close to the age of 30, like myself really struggle with having their entire salary saved up. Plus, Fidelity pushes that for your 401k. Some people have so many college loans that it is impossible to have this. The internet or at least resources that provide advice should approach this concept with steps rather than age. Realistically we are all in a different stage in our life and learned how to be more financially responsible at different times. I love these videos, but this is just something I just needed to share.

[@CondorCap]

Just here to say I loved the video. Objective, no judgement, and genuinely helpful. This is the approach more people need exposure to.

[@stephmeldrich6765]

Buy a good cross section of an economy, Build a diverse portfolio that keeps you motivated,Speed up the process where possible:i'm all for dividends and i DRIP into etfs (ARKW, VOO, VXUS, IVV) and company stocks. After my first million I realized that when a stock starts booming chances of you finding out means you are quite late to the party, for this I make sure my CFA handles that, ever grateful to Anna Rounds Fay.it's like turning your notifications to earn more millions.

[@harrisahmed3066]

Thanks for sharing, I just looked anna up on the web because this is equally important to me, and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@MargotCrest]

smart, because if you have stakes in different etfs, grade bonds and others...you wouldn't be pressured to sell during the stock markets downturn

[@larryronhartfield55]

impressive! love the strategy

[@pslaathaug]

I'm so proud of this, my wife and I were talking about money, Nothing big. but my 14 yr old son asked us if we had an emergency fund. (we do) so proud.

[@joelfernandez6934]

I think saving is just part of the game to retire early.. there should be more effort put into creating new streams of income also to get you to retirement faster.

[@insuranceillustrated]

I stopped watching video at 15:55. Will let you know how it goes! Vegas in 2 weeks baby!!!

[@azmendozafamily]

I make $143K and allowed myself to get further in debt with credit cards, I've been overdrawn since mid-Feb, and I'm about 6 weeks behind on my mortgage. I need to make drastic changes, and that's why I'm here.

[@brookekathryn1980]

For all of you worried about being in the 100K income bracket. I retired at 34 with an average under 50k income at an average job. It all started with a free stock from Robinhood when I was homeless at 16. Trust me! You can do this!

[@vacmatt2604]

Can you talk about 24k/25k as a lot of people only make that a year.

[@EcomCarl]

Excellent overview of how to manage finances across different income levels! It's critical to emphasize the importance of clearing debt and building savings, especially at the $40k level where each dollar really counts. 📈

[@yingkouzen]

Great analysis and sharing your knowledge & analysis 🙏

[@LeonWolves]

110k net worth and I’m 24, my only debt is a mortgage of 325k. I also pay for my husbands school out of pocket but I chose to become a CPA and already make about 97k. My advice is to practice minimalism. I also only share one car with my husband since I work from home, try and prevent getting a car or just get a cheap one if you have to.

[@adammotzer2751]

I make 6 figures annually, however I’m frugal in so many ways. Honestly don’t need the nicest/ fanciest stuff.

[@SalchichaStudios]

Where do you keep the emergency fund? Checkings? High yield savings? Do you keep anything in your checking ever?

[@noodlechicken4169]

Seeing that OG Game of War screen brought back so many memories

[@trekuhl3966]

I recently purchased a used car, a 2023 Nissan Sentra and was seriously looking at a 2019 C7 Corvette and a 2022 Infiniti Q60 Red Sport. Two cars double and more the cost of the Sentra. Even though I could afford the Vette and Q60, I made the frugal decision going with the Sentra.

[@davidlim8502]

Best finance channel in America

[@darthzyu]

0:31 Unexpectedly seeing Felicia Day was a great little surprise! Super underrated!

[@RationalFox]

Not me going nutso saving 56% of my annual 36,000. I honestly don't know if I'd recommend sacrificing as much as I have to get to this point, but at this point it's like a game to me to, "see how much I can save this month"

[@youtubemobilegaming]

I am working hard to prevent life style inflation. Currently saving 35% of my after tax salary but soon that will drop to 25% due to rent increases. My current goal is to try and save up that starting 100k so it can compound as much as possible. Hopefully next year :)

[@CGAZ66]

Investing is good,but there is always a chance of a crash and if your near retirement be carefull. Life happens and sometimes it feels like a crap shoot investing. I took a chance on a stock I knew well about and it grew fast in 2 1/2 years and that was a worry in its own. I sold when I had enough to pay my home off and a month later the stock crashed because of faulty book work by this company. So your always taking a gamble. I was very lucky. The point is you may know or think you know a company ,but there are things that are out of your control.

[@user-to2gh7sg3l]

When I grow up I hope to spend my life groveling over finance, worrying about people screwing me and scheming about how to screw them.

[@carpentryfirst3048]

My house expenses for a month raising 3 kids, wife and large dog is 7600$ That's zero to clothes, zero to hobbies or going out. And we have zero debt besides a truck payment and mortgage. Wife and I haven't gone out in over 8 years. I pack my own lunches for work, 90% of our clothes are purchased used, and the kids are in MMA which is pretty expensive. But I have no idea how any of you are surviving. My wife and I both have pensions, that's our only light at the end of this tunnel

[@ArfaanaBinUmar.]

The main focus for markets now is Nvidia, which has powered a large chunk of the S&P 500’s recent earnings. Nvidia’s stock, up more than 90% this year, rose 2.5% in New York on Monday, sending the Nasdaq 100 index to another record high. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas..

[@codeblue11]

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.

[@Shoutinthewind]

For those of us in the 40k club do you recommend funding the emergency fund before making more than minimum payments on consumer debt like a car note?

[@ricandrews]

Truly a great video as it was easy to follow along and understand based on the varied categories. Thanks for creating this tool supporting financial independence.

[@andrewscholes5985]

Bros math is INSANE!!! I wonder if he's looking at something or if he's just a calculator

[@billymoua6252]

I like these videos! I buy things now based on what vs need. Rationality vs emotional impulse.

[@DeepakSagar-bd9uo]

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

[@KA-NV]

Selling put options is one of the best ways to passively increase your income.

[@Edblessm]

Never thought I’d be able to skip to the 12 minute mark of this video… thank you creator

[@humphrey]

Glad you enjoyed it!

[@DeepakRavindranTheTechno]

Hello Humprey, I have been following you for a while but still, I have been feeling really low lately and this video made me feel better. Thank you.

[@tonyfernadez472]

I was obsessed with Game of War in 2016

[@SenecaRaine]

With no context on a financial video, this immediately makes me think you spent your retirement on that game.

[@humphrey]

LOL

[@sarahallen8739]

same!! luckily I didn’t have a credit card during my mobile game phase LOL

[@goguyx]

Me too

[@binwhisper]

Can I ask what would you do if you have student loans that are currently at 0% interests?

[@nicknguyen3368]

Hi Humphrey. Great vid as usual. Can you at some point make a video about the FIRE community? I’m 34, making around $200k with 4 streams of income and plan to retire at 52. I have a 401k, real estate and stocks/bond/crypto but don’t take advantage of the IRA because of the time horizon for my planned retirement. Would love to learn more about that.

[@nicknguyen3368]

The reason why is I plan to take advantage of the long-term capital gain tax break and passive incomes when I finally decided to retire.

[@craigbullock9250]

Finally, a finance video that telling me I’m on the right path for retirement!🎉🎉🎉

[@mikedowell8465]

My Roth IRA is professionally managed,on autopilot, so to speak, at Fidelity. So far, it's doing well.Any thoughts?

[@UncleKenroy]

Been watching your videos for months and just realized today your name is Humphrey

[@swithheld9905]

why is the advice for people earning $40K ish always 'make more money?' some people cannot do that, for many reasons. i'd love to see some videos and advice about financial strategies at low incomes.

[@owenarsenault5117]

The only thing you can do if you can't make more is to budget and keep on living. You can't change much at that income

[@josephcs1235]

You mentioned investing in the IRA but shouldn't we be maxing our 401k first before the IRA?

[@mikewill1740]

If your income isn't there try to level up as spoken. A part time gig in today's market could be very valuable. Nowadays most pt jobs are paying at least $10 an hour. Working 15 hours a week for a month is enough to put in your monthly for an IRA. The earlier you plan this out the less you have to contribute later in life, yielding the snowball effect.

[@popaj1249]

mann here in croatia i have 15000 a year, move from my house and still live good

[@greentellectual1721]

I'm making 38k I've managed to save up 8k in the past 5 months. It has sucked only being able to spend very little on myself, but it's worth it every time I look at my bank account. From having nothing, living paycheck to paycheck, to being able to save as much as possible per pay period.

[@mitchellmichael7823]

I disagree on the $6,000 emergency fund prior to funding a Roth IRA. Contributions can be withdrawn from a Roth tax and penalty free. I've never had to withdraw but this extra boost in retirement savings can be a great motivator as well as good security blanket that's a bit more difficult to pull from than a regular savings account

[@Bochulator]

Does 20-4-10 rule apply per person in the household or to the total monthly income? Me and my wife both need a car, should I assume that I we can comfortably afford them with 20% of our total income or 10%?

[@brockburkett2559]

I’d love to see what websites, articles, blogs, etc you like to use for research and self education!

[@chris-majorncho1814]

Can anyone recommend a book for financial advices and stock investment?

[@JonaaBLKWL]

I've never made anywhere near 40k in my life, so this isn't very helpful to me but good luck to everyone this does apply to

[@alexchristofides56]

Thanks Humphrey, I really enjoy watching your videos for I get a lot out of them!

[@MarbledKing]

Thank you for this video. What is your opinion about people living outside the US taking home 20,000 (just for themselves, no family, with their own home)?

[@szvqorwnpstahskypfwmp9821]

Great video as always Hump and can I ask if you majored in business like finance in college?

[@rianlaney8691]

question for you that 10% for the car, does that include insurance?

[@DalaiDrama100]

i do 36k per year im poor but i believe if i organize myself i can make it

[@chucalissa9231]

This is a fair video ..I'm thankful for it ..More people make 40k ..

[@karankenZ]

Hi @Humphrey My AGI is 450k household (RSU included) Net worth at 36 is $2.27M Is that a good number as per your table?

[@Katie-dy7zx]

Great video Humphrey!!! Getting rid of debt was a massive step in improving my finances. Also making sure having an emergency fund (total stress reliever as well) & ensuring you are spending last month’s paycheck so automating money into various savings/brokerage accounts is seamless (i.e, not living paycheck to paycheck). Also, appreciate some tips/advice for those of who did not have their shit together in their 20s or for most of their 30s!

[@jvalley646]

Please make a video on higher conviction plays so we can research on them. Thanks

[@bryanp6354]

It'll take you 2.5 years to save up for your emergency fund. (Saving 3 months salary = 25% of your salary and at a save rate of 10% of your salary a year)

[@stevenluo9516]

He's going by individual income level: $40k is 40%ile, United States 2023 (~equiv $80k to $100k for family with two children, both working). Might be the cutoff point for middle class and working class. $75k is 71%ile, United States 2023 (~equiv $150k to $188k for family with two children, both working). Toward the higher of middle class. $100k is 82%ile, United States 2023 (~equiv $). Cutoff point for good upper middle class in America.

[@CamronPR377]

Lol, think I'm over doing it a bit. I'm saving 20k a year at the 40k level where as at the 100k level 10k a year is sufficient. 😅

[@elizabethpenton2306]

No such thing as too much savings as long as you're meeting your health and wellness needs

[@aviaannette]

I started working and saving for retirement at the age of 42. I was a SAHM for all the other years (15 at home + 5 as a student nurse =20) how would I save?

[@ConcussedGaming]

Best way to finance a car: Don't. There's absolutely zero reason you need to pay the bank or a dealership for a 20-30k dollar car. There's a car for every purpose in the 1500-3000 dollar range that you can pay for in cash. This is also a lesser talked about part of becoming wealthy and or financially stable. It is a nice thing to be able to work on and FIX your own vehicle or at the very least be knowledgeable about them so you know where as to spend your hard earned dollars on something reliable and going to last 10+ years instead of a brand new car that you're paying monthly for and has to go to a dealership when it breaks.

[@tylerhamill6271]

humphrey: do I need 1x my 30 year-old salary or 1x my salary at the time of calculating? For example, do I need 65k (salary today) saved by my 30’s, or ~100k (hopeful salary in my 30’s) saved?

[@humphrey]

the salary at age 30! so probably $100k in your case if thats what you expect to make

[@tayfromthebay]

Is that Game of War???????? I was SO obsessed with that game! lmao

[@pantsgaming759]

cars are biggest waste of money just get a used Toyota make your life way easier and stress free. Also fancy car means you need to worry about idiots scratching it etc its not even enjoyable.

[@sneak916]

I wholeheartedly agree with this but there are some people who are just car people. If that’s the case then you would just budget that into ‘wants and hobbies’

[@loch8964]

I agree but have you seen how much any toyota goes for these days Holy shit they are expensive

[@brkctrl]

@@loch8964buy an old one with as low mileage as possible. Those things can run for few hundred thousand miles easily.

[@EnzBank]

This video tells people just to sacrifice there lifestyle for the financial freed. Madness. But it's does teach many people. Not to go broke.