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

Рет қаралды 449,757

Күн бұрын

Try Rocket Money for free: RocketMoney.com/Humphrey #rocketmoney #personalfinance
In this video we go over the top strategies for personal finance by different income levels, around the $40,000 salary level, the $75,000 salary level, and if you make more than $100,000+! I hope you enjoy
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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
⏱️ Timestamps:
0:00 - Start Here
0:30 - $40,000 Salary
1:15 - Goal 1
2:13 - Goal 2
3:15 - Rocket Money
4:34 - Goal 3
6:12 - $75,000 Salary
7:01 - Strategy 1
8:30 - Strategy 2
10:05 - Strategy 3
10:40 - Time & Investments
12:03 - $100,000+ Salary
12:23 - Strategy 1
13:45 - Strategy 2
14:52 - Strategy 3

Пікірлер: 459

@humphrey 2 ай бұрын

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

@BIGJATPSU 2 ай бұрын

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 2 ай бұрын

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

@tristenmacfarlane2698 11 күн бұрын

Can’t get the app in Canada

@EthanRaynolds 4 күн бұрын

My portfolio does not just cater for dividend stock, I hold $VFIAX in my Roth IRA and $VTI ( total stock market ETF) in my taxable brokerage account, two of my largest holdings. The individual dividend stock position all compliments the index holdings.

@WilliamTurner-od5ij 4 күн бұрын

Diversifying with $VFIAX and $VTI is smart investment. It is financial independence not dependence, it truely empowers.

@JacobWalker-jx3nf 4 күн бұрын

Diversifying portfolio can be challenging without the right guidance. If you lack market knowledge, your best bet is to seek the expertise of an investment coach. That is how I have managed to stay afloat in the market, increaseing my portfolio over 60% in the beginning of the year. It is the best way to start up investment in my opinion.

@WilliamsJones-jx1ce 4 күн бұрын

I am in need of an expert. I am aiming to secure a solid financial future for myself. Please who is the expert you're working with?

@JacobWalker-jx3nf 4 күн бұрын

Jason Herman Pierce is the licensed fiduciary i am working with. His cutting edge financial strategies is top notch. He is your "go to guy" when it comes to finance planning, portfolio management, trading expertise.

@WilliamsJones-jx1ce 4 күн бұрын

@@JacobWalker-jx3nf How can I reach out to him? A website or email?

@LaurenFeller-dd7uf 8 күн бұрын

It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

@NatalieFormor 8 күн бұрын

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

@angeladeem2988 8 күн бұрын

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

@TariqSinghKhan 8 күн бұрын

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

@angeladeem2988 8 күн бұрын

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.

@codeblue11 8 күн бұрын

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.

@TheJackCain-84 14 күн бұрын

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 14 күн бұрын

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 14 күн бұрын

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 14 күн бұрын

Impressive can you share more info?

@JacquelinePerrira 14 күн бұрын

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

@kevinmarten 14 күн бұрын

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.

@nicolasbenson009 2 ай бұрын

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 2 ай бұрын

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.

@tatianastarcic 2 ай бұрын

I completely agree. I'm 54 years old and recently retired with roughly $1.8m in outside retirement funds, no debt, and very little money in retirement funds relative to the total value of my portfolio over the past 3 years. To be honest, the Fin-advisor's role can only be downplayed, not dismissed. Simply try to identify a reliable one. Spending money on possibilities and things that might not exist much sooner than we realize is completely different from wasting it. As you said, being value-conscious is essential.

@BridgetMiller- 2 ай бұрын

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

@Val-ub4uw Ай бұрын

The time to enjoy life is today too! 😊 ive had people cloze to me die much earlier than expected

@charliejones5953 Ай бұрын

Stupid ass bots not even finishing the npc convo

@AminaCasazza Ай бұрын

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 Ай бұрын

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 Ай бұрын

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 Ай бұрын

Fantastic! Can you share more details?

@A-krandy Ай бұрын

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

@travvvvvv825 14 күн бұрын

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

@gem93177 2 ай бұрын

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

@humphrey 2 ай бұрын

Yes!

@rayzerot 2 ай бұрын

Two of the most important personal finance concepts!!

@paulmarshall9189 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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

@MathiasLaurel Ай бұрын

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 Ай бұрын

Scam

@KingChocobo Ай бұрын

Just buy VOO

@apelife9615 Ай бұрын

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

@fma891 Ай бұрын

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

@coreym846 12 күн бұрын

😂😂

@SammyIglesias4665 9 күн бұрын

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.

@Lourd-Bab 9 күн бұрын

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

@SammyIglesias4665 9 күн бұрын

@@Lourd-Bab However, if you do not have access to a professional like JUDITH ANN PEACE, 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.

@Lourd-Bab 9 күн бұрын

@@SammyIglesias4665 Oh please I’d love that. Thanks!

@SammyIglesias4665 9 күн бұрын

@@Lourd-Bab Judith Ann peace is her name

@SammyIglesias4665 9 күн бұрын

Lookup with her name on the webpage.

@victoriaabott 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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

@Kaustavpatell 2 ай бұрын

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

@Vivienedouglass 2 ай бұрын

@@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

@brianwhitehawker1756 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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.

@Angelavaldess 2 ай бұрын

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 2 ай бұрын

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

@Higuannn 2 ай бұрын

@@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 2 ай бұрын

@@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 2 ай бұрын

@@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 2 ай бұрын

@@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

@emersonstagnitta65 2 ай бұрын

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.

@kortneyrawhouser6881 2 ай бұрын

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.

@Wayne-bk1jc 2 ай бұрын

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 2 ай бұрын

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.

@Wayne-bk1jc 2 ай бұрын

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 2 ай бұрын

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

@deadspeedv 2 ай бұрын

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 2 ай бұрын

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

@Thehandler85 2 ай бұрын

That’s unbelievable

@nicktayloradventures Ай бұрын

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 10 күн бұрын

@@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.

@TalesOfTrillions 2 ай бұрын

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

@marythang1260 2 ай бұрын

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 2 ай бұрын

Smart thinking

@johnjackson8342 2 ай бұрын

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 KZfaq” 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

@hunterandchavy 2 ай бұрын

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 2 ай бұрын

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

@timido7 2 ай бұрын

96k more to go 🥲

@dremewhite5209 2 ай бұрын

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

@sector910ify 2 ай бұрын

@@timido7you’ll get there 🎉

@loganmccullough987 2 ай бұрын

31k more to go

@BrianGivensYtube 2 ай бұрын

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 Ай бұрын

Can you share where you put your investments in ?

@margaretmclaren4685 2 ай бұрын

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.

@billymoua6252 2 ай бұрын

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

@davidlim8502 2 ай бұрын

Best finance channel in America

@Ubiquitous_1 2 ай бұрын

You always have great tips and reminders. Thank you!

@UncleKenroy 2 ай бұрын

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

@brockburkett2559 2 ай бұрын

This video feels inspired by The Money Guy. Great work!

@monkey123343 2 ай бұрын

Love it! From Canada

@gmosworld 2 ай бұрын

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

@richiesteve1250 2 ай бұрын

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 2 ай бұрын

@@chrissmurrayy1. 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 2 ай бұрын

@@chrissmurrayyput it in an S&P/VOO, and forget about it

@DeepakRavindranTheTechno 2 ай бұрын

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.

@gjackson651 2 ай бұрын

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 2 ай бұрын

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

@therealkwesi 2 ай бұрын

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

@LHSHarmon 2 ай бұрын

How much do you make a year?

@deanrotering879 Ай бұрын

@@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 20 күн бұрын

Just shy of 50k

@alexchristofides56 2 ай бұрын

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

@markmedica5945 2 ай бұрын

Net worth and saving rate section was super helpful.

@jkpelke 2 ай бұрын

I really appreciate this “down to earth” breakdown of salaries.

@vicoussoulja 2 ай бұрын

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

@userabc886 2 ай бұрын

Your channel is indeed the legit Financial Education channel, instead of Jeremy's which is mostly about stocks lol

@Chris96528 2 ай бұрын

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

@simon_tips 2 ай бұрын

You’re the goat for real, love your videos. It’s helped me so much as I go through school and work to be smart with my money and to grow my wealth

@humphrey 2 ай бұрын

Happy to help!

@SeyhmusFatma Ай бұрын

level! 🎉🏆 never had so much fun and excitement during the IPL season before. can’t wait for more!

@ClaudeMarcEDavid 2 ай бұрын

Very good content we love it and we want more. Thank you very much Humphrey Yang !

@CondorCap Ай бұрын

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

@DaniOchannel 2 ай бұрын

Thank you, Humphrey😊

@humphrey 2 ай бұрын

No worries!

@_davidturner 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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

@xavier_lucas 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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.

@user86tajkeuricecream 2 ай бұрын

One of the most helpful KZfaqrs thanx for another great video👍🏾

@jasondenton4867 2 ай бұрын

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

@noodlechicken4169 28 күн бұрын

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

@jvalley646 2 ай бұрын

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

@tonyfernadez472 2 ай бұрын

Love it bro

@humphrey 2 ай бұрын

@iisakkipeltola5393 2 ай бұрын

Make a video on how students should budget their life. Great vid!

@Naoompje-lw2xf 2 ай бұрын

Ayy 250th watcher

@tayfromthebay 2 ай бұрын

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

@johnfthiel 2 ай бұрын

Thanks Humphrey

@moses8425 23 күн бұрын

Thank you

@abbyburke8703 2 ай бұрын

Great video!

@EcomCarl 2 ай бұрын

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. 📈

@LeahRoberts618 2 ай бұрын

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 2 ай бұрын

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.

@CharlesDwyer79 2 ай бұрын

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

@KathleenAlcott957 2 ай бұрын

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

@LeahRoberts618 2 ай бұрын

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

@LeahRoberts618 2 ай бұрын

Ksmith6 💯

@cammiles1112 5 күн бұрын

Do you have a video that goes more in depth on the first bucket, I found this pretty informative but topics we’re brushed over

@stephmeldrich6765 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

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 2 ай бұрын

impressive! love the strategy

@pslaathaug 2 ай бұрын

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.

@Katie-dy7zx 2 ай бұрын

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!

@chucalissa9231 2 ай бұрын

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

@JcDaGoat 2 ай бұрын

wonderful video

@caiolima4752 2 ай бұрын

Please do a video on why you believe the 401k is a forced retirement strategy and what your personal alternative recommendations are. I think at this point, all your viewers are interested in this topic since you’ve mentioned it multiple times in different places.

@Edblessm 21 сағат бұрын

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

@humphrey 21 сағат бұрын

Glad you enjoyed it!

@tiburon88 2 ай бұрын

Can you share the links to the calculators you used?

@MarbledKing 2 ай бұрын

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)?

@pHixiq 11 күн бұрын

I’m in that position at 23 where I fucked up just enough to feel that horrible pressure but not where it’s life ruining.

@tonyfernadez472 2 ай бұрын

I was obsessed with Game of War in 2016

@SenecaRaine 2 ай бұрын

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

@humphrey 2 ай бұрын

LOL

@sarahallen8739 2 ай бұрын

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

@goguyx 2 ай бұрын

Me too

@craigbullock9250 Ай бұрын

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

@SteveYoung49 2 ай бұрын

Lifestyle creep affected me in a different way. After having kids, we ended up spending a ton of money on the kids because we could afford the nicer stuff for them.

@humphrey 2 ай бұрын

Wow that’s nice of you.

@brkctrl 2 ай бұрын

Kids are expensive 😅

@jvphin 2 ай бұрын

Came in excited for the information. Left depressed. Drowned in student loans.

@wewhoareabouttodiesaluteyo9303 2 ай бұрын

Yeah, those student loans will keep you in the paying orf debt step for however long. The best thing to do is to try to pay it off in one lump sum and take the income driven route (just my suggestions).

@nicknguyen3368 2 ай бұрын

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 2 ай бұрын

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.

@ryiu7144 2 ай бұрын

Does does income of 40k, 75k, 100k+; a total income as household? Or per individual? For net worth & savings by age, is it per household or individual? Thanks in advance!

@antuan3586 2 ай бұрын

Do one but for students with like 5000 saved up :)

@SalchichaStudios 27 күн бұрын

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

@ransom3057 2 ай бұрын

Could you do a video on what to do if you make over the maximum limit to be able to contribute to a roth ira ?

@brockburkett2559 2 ай бұрын

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

@HandanZerin Ай бұрын

Finch at 4ra is a masterstroke. Cricket fans like us can relate so much more! 🏆🙌

@deniskimani2796 Ай бұрын

Great content What is the name of the calculator he used for the projections Tried to replay back but couldn't get the name.He said networth something.

@Dilekikram-yt9fo Ай бұрын

Got to admit, Finch's involvement in 4RA made me a regular. Can't miss out on his match insights! 💡

@ZachDevine 2 ай бұрын

Felicia!

@vladimirstarostenkov4417 2 ай бұрын

It looks no one covers the topics for relatively large households. e.g. 2 adults 3 kids, 2 adults 2 kids, etc. How the economics - and investments in particular - scales / changes / fits different household structure. Any recommendations?

@sergiop753 2 ай бұрын

I recommend watching Ramit Sethi's videos where he talks with couples. You get a lot of diversity in the type of households he interviews, his advice for each one and also learn a lot from everyone's money psychology. It's pretty interesting.

@Jiraiya55 2 ай бұрын

The average credit card debt in the country will never cease to absolutely blow my mind.

@DenizGunay-ed3ms Ай бұрын

🎱 I keep to the classics like slots and occasionally blackjack. Keeps things light and fun. What's your strategy

@FatihFeza Ай бұрын

Trusting my bets more at 4RBT now that Finch is in the squad. Feels like batting with a safety net! 🛡️

@hokuspokus8947 2 ай бұрын

Good stuff here

@humphrey 2 ай бұрын

Glad you think so!

@KA-NV Ай бұрын

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

@zardon_zane1630 Ай бұрын

Nice video, First, I need to pay a debt that takes 1/3rd of my salary each month since I got robbed, that's gonna take 3 years with a 46% interest rate D:, Ill use whatever I have to make that smaller

@tolonius8925 2 ай бұрын

Are there any good budgeting apps to help like keep track of things? im not the best with numbers. I already do my best to write all my bills at the end of the month. im trying to get better at this practice, and because I get paid only once a month and not bi-weekly

@Gsyekd 2 ай бұрын

The cash in the envelope has been helping me out a ton!

@philipw4849 2 ай бұрын

We're you living at home with your parents upon graduation? And wouldn't that help you tremendously as that is not even close to having a family and children @ 40k?

@DeepakSagar-bd9uo Ай бұрын

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

@UlkuhanSibel Ай бұрын

Every time Finch talks cricket on 4ra, you bet I'm listening and betting right after! 🎧

@JTakesAction91 2 ай бұрын

Hey Humphrey, do you own or rent?

@SnowboardLove 2 ай бұрын

Would you pay down credit cards before saving more for emergencies?

@humphrey 2 ай бұрын

If the apr is high enough, yes

@chanchina 2 ай бұрын

Well, I would generally do credit cards, but always save 50 dollars from each paycheck to an emergency fund. If you want to do both

@Bamapride1985 2 ай бұрын

The way I have always answered that question is the credit cards are still gonna be there and have the credit line available to use in the rare chance of an emergency. If you are saving more while having debt, you are defeating the purpose of saving (building wealth). Once you are not losing 20+% in interest from the debt, then start saving and building wealth.

@tylerhamill6271 2 ай бұрын

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 2 ай бұрын

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

@nicholasharvey5628 2 ай бұрын

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.

@MrThejboe3oh5 28 күн бұрын

You know what the best life style increase is? Having a vehicle that is simply reliable,your earned income put to work,and peace of mind by growing the nest egg and never having to stress about bills.

@carpentryfirst3048 2 ай бұрын

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