These are the 6 Major Money Milestones you should accomplish in your 20s. This investing / personal finance advice video is the …
source
These are the 6 Major Money Milestones you should accomplish in your 20s. This investing / personal finance advice video is the …
source
Input your search keywords and press Enter.
50 comments
My “needs” only equate to 34% of my income for the month so I should take the difference of 16% and add it to my saving percentage or my wants?
Bros got the gobblegums in his thumbnail
10:06 i dont make 5k a month as a 23yr old..
I have never seen a comment section so full of bots😂
What if you dont have enough income to have the needs be 50%?
Preaching the slow lane while in the fast lane 😂
who else thought the thumbnail was Bo3 gobblegums
21 years old. Through saving ill have a piece of real estate in march!
I think vacations are a need.. You can't just wait till your retirement money grows enough, to see the world. Just earn more, dude
The 5000$ a month for 50 30 20 rule is for take home pay (after taxes) or gross pay?
Gobblegum
Getting a job coming after pay off debt is crazy.
3C1618
do you consider a mortgage as debt you need to pay off before investing
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.
I’m 28 and I live paycheck to paycheck, no savings, no investments, no 401k, not even a savings account. I have $3,000 in debt.
Watching videos like this makes me feel like you people live in a completely different reality than I do.
Easy
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
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.
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?
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
also, it's 6% of 100k per year and you are not putting 100k per year into investment meaning that your student loan debt will grow faster than your investments in real terms.
I'm going to be 30 in 6 months and I have nothing and will always be nothing
I thought those were gobblegums on the thumbnail 😂😅
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.
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?
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!
pieces of iron and bows
Before this video i felt bad about only having 1.6k in my retirement but i feel better knowing im not exactly "behind" finishing my associates degree in general education now so i can figure out what career i want
Great stuff!! I turn 23 next month, last month I was finally able to pay off the last of all my credit card debt, and restart the process of rebuilding my credit. I just got my first real job this year, and I’m on track to max out my Roth IRA contributions for 2024
Am I the only one who doesn’t consider 50/30/20 “living below your means”? I would feel broke if I spent 60% of my take home pay let alone 80%
How tf are you living on 1500/month in the Bay Area???
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 🙁
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.
Which expense tracking app is he talking about?
I have devised a plain on how we can make every canadian financially well off. We take a go-fund-me out for a canadian and everybody just donates 1.00$ one dollar. Then it goes to the next canadian , or we can do 10 canadians a day. And we go until every canadian has got there turn. And its nothing like a pyramid scam , u are guaranteed to get your Go-Fund -Me . Screw the government. Yes we might get stuck paying taxs on the final ammount, but who cares because it was free any how..
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?
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
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.
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?
This should be like a mandatory watch for everyone graduating highschool. Thank you for your hard work
This is amazing. “How to build wealth”
Can someone explain what credit score is?
So pay off debt, get a job, save 3 months worth, start a Roth IRA/ 401k, get a index fund/ etf
Hey loved the video Mr. Yang, just a quick note a Roth IRA, is actually pronounced (eye-rah) Roth eye rah
What's your budgeting app?
Why did you state you can’t have a Roth and a 401k everything I have seen says that you can?
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.
I’m 29 oh fuck
Just turned 20 a couple of days ago