That actually made me curious if we've crossed 0 yet. Things are changing pretty quickly now that my wife and I are in our late 30's, student loans paid off in the next few years and saving a ton more than just a few years ago. I should really start doing an annual net worth statement...
I'm 19, have over 750 credit score, 3/4 of the way through getting an engineering degree, positive net worth after subtracting student loans. I have an excel sheet where I planned out every month what I need to invest to retire very comfortably, and I plan to stick to it unless the markets start to really shift. I've been watching Graham's videos for a few years now, and taking his advice - so far I can say that he is absolutely correct in what he says and the strategies he talks about work if you're willing to put in the effort. Thank you!
So you went to college when you were 16? Or did you get your associates degree and finished your first year at university? And you have a job I presume?
I am so gratefull that this content is for free! I am 15 years old and one of my goals in life is to live a comfortable life and to take care of my parents ❤
@@ghouldragoon6436 depends on how good you are. 90% of people won't make more than 100k a year best case scenario but if you're really good at it then you can make more money
I am a 24 year old making $15 a hour. Currently going back to school for nursing. So far I have about 45k in stocks. 17k in my Roth and 12k in my bank. The biggest thing is starting and I can’t wait to start seeing this snowball go!
Forgot to mention the only reason why I posted this was cause I stress about not making enough money, and not saving enough. But this video makes me feel a little better! Thumbs up
Get into sales! I'm 24 making ~265k this year. ~30k in 401k and ~800k in real estate. The company i work for is always hiring. I live in South dakota and I work remotely.
This might be one of the most helpful videos I’ve ever watched! I’ve always been in a panic that I am behind or not doing what everyone else is doing. Your videos really explain things like this well and make me feel a little less stupid! Thank you Graham!
Feeling great being 36 years old and having $700,000 saved and invested, with only $100,000 mortgage left to pay and no other debt. Although FIRE is not around the corner yet - long way to go
Was just talking to my best friend about this the other day! Glad to have this info. Makes me feel good. We need 2020/2021 adjusted numbers after the influx of new investors though
Every Graham video should have a disclaimer in front of it, saying that everything he talks about references mostly the US - things can be very different in other parts of the world.
While I agree that most of the technical stuff (like alla finance channels in the US) is purely focused on the American financial system, a lot of the advice given is applicable to other countries. Take the 3-6 month emergency fund, totally relevant to everyone. Or paying off debt, also applicable. Investing as early as possible? You bet! But I get it that advice around credit scores, Roth IRA, 401k, tax deductions and so on are for American viewers. Personal finance is all about behavior and common sense, regardless of where you live (unless it's a third world, war-torn country) ;)
When I hear the generic “invest in a Roth IRA” it seems like good advice. But, it’s really important to hold the right investments in your Roth IRA. Most of the basic mathematics are based on general broad market index funds.
How do you figure which investments are the right ones? Most people lack knowledge in any of this. People just hear the word "invest", but don't understand what it really means.
@@SombraLocs start with investing in index funds (anything that tracks the s&p 500 or one of those time funds with a year on it like 2060 if you’re going to retire at 2060). Hope that helps!
@@mizzmolly7649 I'm speaking in general. Ask 90% percent of the people what they know about investing and they will not be able to answer. Ask them if they have a 401k or an IRA, they will say yes. Then ask them what do they know about their 401k or or IRA and again you will get the deer in the headlights look. People need to start explaining this in layman's terms. I know the people doing the videos might think they're already dumming it down, but most still don't understand them.
Instead of broad index funds wouldn’t you want growth stocks in your Roth IRA? Or even a portion of your Roth IRA be in growth stocks? All of the growth would be tax free
If you’re feeling discouraged bc you were like me, in your mid 30’s with nothing invested or saved for retirement. Even worse you’re still renting, had cc debt and student loans. There’s still hope. Invest in amc or GameStop. I made 10k this year, paid off my cc debt, then used 2.5k of that reinvested it into amc and have doubled my money again from one month ago. Amc changed my life and that’s just holding shares, and selling covered calls or cash secured puts. If I can do it you can do it. And that’s not even the short squeeze which is still on the table and hasn’t happened yet.
Watching your channel over the years has got me so much more ahead in life financially, I am 23 years old and I am able to pay rent and invest every month consecutively. I am a young real estate agent in Houston trying to learn more of it to go full time soon. I am thankful for Graham Stephan, I’ve been watching you since 2017!
Everyone needs more than there basic salary to be financially secured. The best thing to do with your money is to invest. Money left in savings always end up used with no returns.
True, I started investing in the financial market mid March, 2020 with the help of a well-known professional and the profits entirely funded my new home and care for my family.
Some of the most sensible and sustainable financial investments advise on youtube. Will be joining the mentorship program very soon. Keep making these amazing vids!
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
I started out with an FA named Nicole Desiree Simon Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Im 18 started investing as soon as i turned used my bday money, money i get from reselling sneakers and that stim check my parents ended up giving me i could care less how my bank account looks im more on how my portfolio looks and how my bank account will look in the future
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
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.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Melissa up and send her a message. You've truly motivated me. God's blessings on you.
Nothing is wrong with comparing yourself with everyone Graham. You for example are higher in discipline and consistent excellence than most Americans. Don't be shy about it. You ARE better than most in those metrics.
I love Graham but the problem with these types of videos is they do not take inflation into account. You're telling a 20-year-old how much they need saved to have a good retirement in today's dollars rather than in estimated future dollars in 40 years. That's going to be a huge difference that you should really account for in these types of videos that would make it a lot more useful.
that's why he speaks in percentages most of the time in this video, not numbers. example, ''have saved 10% every month,'' or ''have 10x your income by the age of...''
Roth vs normal IRA totally depends on salary. Where people land in the tax bracket system in the US should dictate their IRA vs Roth IRA strategy. Like if I earn 150k, a regular IRA is probably better, but if I earn 75k, a Roth might be better.
Very interesting video! Just now learning about finance this year and I'm 31. After I went through some rough times in my 20's and ended up filing bankruptcy a year ago. I now have a credit card and rebuilding my credit since it took a hard crash from the bankruptcy. Around 670 score now and pretty much starting over from nothing. These videos really help! Thank you for all that you do Graham.
I don't usually ever leave negative comments but you can't keep making the same video over and over. You will still get views but your more loyal subscribers will lose interest, causing long term audience decay.
@@solar7927 that's not really true. They have qualifications for the field you go to college in the 11th and 12th grade. Paying 40k a year for a degree doesn't make you smarter, just means you over paid.
@@randomfella8084 Indeed. I'm a software engineer and at a previous job my boss, the Director of Hardware Engineering for the company, was from the UK. He was pretty damn smart.
Successful people don't become that way overnight.most people you see as glance wealth ,a Great career, purpose is the result of hand work and hustle overtime.i pray anyone who read this will be successful in life
By just investing $416 a month. These are great tips/advice tho but $416 is way to rich for me. life is expensive lol.. they put a pricetag to anything. I can't even find a decent job to get paid $400 while still going to school and even if i did i still have to endure the cluster headaches everday while trying to make money. Doesn't mean i'm mad or jealous cuz i'm not able to, but i'm happy with the little money i have. In the end people are never satisfied.
The thing is this isn't a linear path. I'm over 50 and I've had a lot more or a lot less money or income in each decade. So don't feel bad if you're not running with the pack this decade. Or too confident if you're slightly ahead.
So I recently turned 18 and immediately hopped into the stock market. Started living like I was broke while having enough money to still invest. Grant has given me amazing advice on how to start saving and investing. My investments have helped me when times got a little tough taking care of me and my girlfriend. Honestly one of the best investment you tubers Ik.
I'm so grateful I never took out a student loan. Obtained my bachelors degree by working & paying my way thru community college & then landed a job at a university that then waived all my tuition to finish my bachelors. I think working while going to school is so key to not ending up with a huge mountain of debt, as well as picking the right school. Go in state, start at a community college, & if possible live with your parents while in school so you're not paying for a dorm or rent. The "college experience" is not worth going into major debt for.
Today is always the best day to get aggressive. Better late than never. You can do it, just be consistent and invest as much as you possibly can…if you retire at 65 you still have almost 25 years of compounding that can work for you.
I’m starting frustratingly late as well. But now we are just that much more motivated and driven to succeed. I’m investing very aggressively now and will only increase it.
Also in the late 40's club. Put myself on a 5 year spending moratorium because these earliest dollars I contribute will work the hardest for me. I want retire in 15 years. Cranking money into the market and my house. Wish me luck!
While I am a subscriber and enjoy your vids, I hate this because being 41 and having to start a new career at the bottom again while only having about 15k invested is really depressing. I'll be looking forward to the next vid that makes me wanna cry.
Would love to see a part two on this video going in depth on how to set these kinds of things up for everyone who is new, im 21 and am so thrown off by how much there is to offer when it comes down to long term investments. Love the video, would of loved to have seen the average hourly wage and career options when it comes down to younger individuals say with student loan debt. It's so impractical to say roughly $400 a month for the rest of my life into a Roth, when I've got a $600 a month in loan payments, cost of living being well over $1500 a month. Car payments, insurance for all thing especially after you turn 26...... there just isn't many job opportunities even into your 30's that can support the normal cost of living and thats why everyone's in debt statistically until they are well into their 30's to early 40's which just isn't right in a life that's so short.
Yo Graham, for future reference I'd recommend using the median rather than the average for most of the data points (such as income and amount invested). Based on the reference data in the video, the median numbers on that site are significantly lower, but also a far better indicator of how people are doing. (the average numbers are heavily skewed by the massive incomes of only a few people in those age brackets, whereas the median is a more true indicator) Was a great video though, great job on it.
The philosophy of the rich and the poor is this: "the rich invest their money and spend what is left. The poor spend their money and invest what is left".
Yes, but also you have to spend some money to stay alive, and if you are poor, that's likely most of your income. And if you have children, it's even harder to cut your expenses, and it's also harder to earn more money.
What are your thoughts about being 50 and having never owned a home. Now that time is not longer on my side to pay off the mortgage, do you recommend buying a home at all?
Graham, i love these videos, I'm 18 with about 27,000 invested, your videos are such a good inspiration to me, and im looking to get my first property pretty soon.
For a 30 year retirement, why in tarnation would you need 30x annual expenses? That’s all you would need if your money didn’t grow at all. That’s whack
It's really smart that you delineate between "Average" and "Median" numbers, I think many folks confuse those two. Average tends to get skewed by a few larger outliers.
Yeah good call! Also different sources could be generating these average and median numbers on different population sizes, it's not necessarily consistent
I'm 20 years old now and I'm actively investing about 500 dollars a month right now, it's like putting money aside but I'm actually profiting from it. Thank you for the awesome video :DDD
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
You know it's bad when having a $0 net worth makes you above average
:O
uh oh
i know the feeling. i myself probably have something resembling 0 if not slightly positive. cant really tell without tallying up everything.
The youth has been robbed by the boomers
That actually made me curious if we've crossed 0 yet. Things are changing pretty quickly now that my wife and I are in our late 30's, student loans paid off in the next few years and saving a ton more than just a few years ago.
I should really start doing an annual net worth statement...
I'm 19, have over 750 credit score, 3/4 of the way through getting an engineering degree, positive net worth after subtracting student loans. I have an excel sheet where I planned out every month what I need to invest to retire very comfortably, and I plan to stick to it unless the markets start to really shift. I've been watching Graham's videos for a few years now, and taking his advice - so far I can say that he is absolutely correct in what he says and the strategies he talks about work if you're willing to put in the effort. Thank you!
Teachers pet
Do you have fun?
So you went to college when you were 16? Or did you get your associates degree and finished your first year at university? And you have a job I presume?
I think schools should play your videos as I learn more about finances from you than I did in my entire school career!
Should have kids opening Roth by age 21.
Instead of Bill Nye the Science Guy, Graham Stephan the Finance Guy
@@420 I opened mine at 18 and I invest 500 dollars a month so far
@@frog2359 cap
@@morrisj23 why would that be cap that 100% believable
The best thing about Graham is he is always realistic and not pushing a bunch of hype stocks. Great video Graham!
Cause he’s a real investor
Only problem I see is that if you save 3x your income, but that 3x income is only worth 1/2 it's original purchasing power, you're still in the hole.
This didn’t age well. FTX…
yeah this didn't age well - thanks for suggesting FTX....
I am so gratefull that this content is for free! I am 15 years old and one of my goals in life is to live a comfortable life and to take care of my parents ❤
Good luck
That’s right man
Try computer science.
@@鱼学生鱼 how much does computer science make?
@@ghouldragoon6436 depends on how good you are. 90% of people won't make more than 100k a year best case scenario but if you're really good at it then you can make more money
I am a 24 year old making $15 a hour. Currently going back to school for nursing. So far I have about 45k in stocks. 17k in my Roth and 12k in my bank. The biggest thing is starting and I can’t wait to start seeing this snowball go!
Forgot to mention the only reason why I posted this was cause I stress about not making enough money, and not saving enough. But this video makes me feel a little better! Thumbs up
Nice, keep at it!
I'm 24 making $21 an hour. Only 9k in my Roth and 2k in my checking acc 😔
@@brianfabian1531 am 21 and 0$ just 0$ yeah everything is just 0$
Get into sales! I'm 24 making ~265k this year. ~30k in 401k and ~800k in real estate. The company i work for is always hiring. I live in South dakota and I work remotely.
Thank you for recognizing that not everyone's situation is the same and reminding us that starting is important no matter our age.
This might be one of the most helpful videos I’ve ever watched! I’ve always been in a panic that I am behind or not doing what everyone else is doing. Your videos really explain things like this well and make me feel a little less stupid! Thank you Graham!
Playing back at 0.5 speed is taking up way too much of my time…but it’s worth it to hear drunk Graham.
He sounds hammered! lol
Drunk Sounding Graham is the best
Totally worth it 😂😂
I prefer coked out Graham at 2x speed, and it saves time 😉
Omfg 😂😂😂
I’m 15, invested 400 dollars. I got really lucky and it’s now worth 1200. So I’m ahead of the game
Feeling great being 36 years old and having $700,000 saved and invested, with only $100,000 mortgage left to pay and no other debt. Although FIRE is not around the corner yet - long way to go
Was just talking to my best friend about this the other day! Glad to have this info. Makes me feel good. We need 2020/2021 adjusted numbers after the influx of new investors though
When you stop learning , you get left behind . Never stop educating yourself
i’d just like to say, you guys are the chillest and nicest comment section i’ve seen. everyone give yourself a pat on the back.
Every Graham video should have a disclaimer in front of it, saying that everything he talks about references mostly the US - things can be very different in other parts of the world.
While I agree that most of the technical stuff (like alla finance channels in the US) is purely focused on the American financial system, a lot of the advice given is applicable to other countries.
Take the 3-6 month emergency fund, totally relevant to everyone.
Or paying off debt, also applicable.
Investing as early as possible? You bet!
But I get it that advice around credit scores, Roth IRA, 401k, tax deductions and so on are for American viewers.
Personal finance is all about behavior and common sense, regardless of where you live (unless it's a third world, war-torn country) ;)
This is how I break down my paycheck
50% invest -
25% save
10% pay credit card
15% whatever I want
When I hear the generic “invest in a Roth IRA” it seems like good advice. But, it’s really important to hold the right investments in your Roth IRA. Most of the basic mathematics are based on general broad market index funds.
How do you figure which investments are the right ones? Most people lack knowledge in any of this. People just hear the word "invest", but don't understand what it really means.
@@SombraLocs Do your research. Watch CNBC religiously. Also, subscribing to the Motley Fool is well worth the money.
@@SombraLocs start with investing in index funds (anything that tracks the s&p 500 or one of those time funds with a year on it like 2060 if you’re going to retire at 2060). Hope that helps!
@@mizzmolly7649 I'm speaking in general. Ask 90% percent of the people what they know about investing and they will not be able to answer. Ask them if they have a 401k or an IRA, they will say yes. Then ask them what do they know about their 401k or or IRA and again you will get the deer in the headlights look. People need to start explaining this in layman's terms. I know the people doing the videos might think they're already dumming it down, but most still don't understand them.
Instead of broad index funds wouldn’t you want growth stocks in your Roth IRA? Or even a portion of your Roth IRA be in growth stocks? All of the growth would be tax free
Graham is in the top .001%
If you’re feeling discouraged bc you were like me, in your mid 30’s with nothing invested or saved for retirement. Even worse you’re still renting, had cc debt and student loans.
There’s still hope. Invest in amc or GameStop. I made 10k this year, paid off my cc debt, then used 2.5k of that reinvested it into amc and have doubled my money again from one month ago. Amc changed my life and that’s just holding shares, and selling covered calls or cash secured puts. If I can do it you can do it. And that’s not even the short squeeze which is still on the table and hasn’t happened yet.
That's an extremely risky thing to do though. You're basically telling people to gamble.
Don’t compare yourself. But do compare the numbers.
Watching your channel over the years has got me so much more ahead in life financially, I am 23 years old and I am able to pay rent and invest every month consecutively. I am a young real estate agent in Houston trying to learn more of it to go full time soon. I am thankful for Graham Stephan, I’ve been watching you since 2017!
Everyone needs more than there basic salary to be financially secured. The best thing to do with your money is to invest. Money left in savings always end up used with no returns.
True, I started investing in the financial market mid March, 2020 with the help of a well-known professional and the profits entirely funded my new home and care for my family.
Most new traders make the mistake of trying to trade on their own, without having the required skills to benefit from the market.
Scam
@DPG6 992 Yea haha, always mentioning the brokers name too many times^^
@@tokigtarisson4982 It's the same fucking script everytime too. Pathetic.
"Time in the market" is one of THE most important factors. Start investing ASAP to see those returns compound!
totally!
Time IN the market is far better than trying to time the market
What’s your favourite thing to invest in for compound returns?
@@alexchampion58 index funds
Some of the most sensible and sustainable financial investments advise on youtube. Will be joining the mentorship program very soon. Keep making these amazing vids!
I’m 30 and my net worth is 175k. it all started with living below my means and not being flashy.
So I'm ahead and behind!
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
How do I Find this Lady?
I started out with an FA named Nicole Desiree Simon Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
I’m 31 and this makes me feel way better about my life and also confirms my husband’s claim that I have nothing to worry about - thanks!
*panic scrolling* ... yo where are my boys who didnt/couldnt save up till mid 20's o.o'
Big homie gram in the building
Thanks to you I saved up to 10 months of my salary amount.
Completely off topic, but those gains you've made on your arms are looking pretty solid!
The description has a typo, it says $39,915 instead of -$39,915 for average net worth of a 20 year old.
Nearly had a heart attack lol.
I’m 23 making 60k, 0 debt, 20k net worth! looking good i’m proud!
Im 18 started investing as soon as i turned used my bday money, money i get from reselling sneakers and that stim check my parents ended up giving me i could care less how my bank account looks im more on how my portfolio looks and how my bank account will look in the future
It takes drunk Graham to make a no annoying ads like back in the days... bring it on
Its sad that school didn't teach us this we had to go learn it but thanks graham trying to learn more everyday.
This is the type of Content I like Graham :). Not those clitbait titles and images. The 2-3 years ago Graham content = Best
I’m currently 19 and have been investing since I was 18. The ROI of hitting the like button has been paying off
Just turned 20 and this video made me realize I'm doing a lot better than I actually thought
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
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.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Melissa up and send her a message. You've truly motivated me. God's blessings on you.
Nothing is wrong with comparing yourself with everyone Graham. You for example are higher in discipline and consistent excellence than most Americans. Don't be shy about it. You ARE better than most in those metrics.
I love Graham but the problem with these types of videos is they do not take inflation into account. You're telling a 20-year-old how much they need saved to have a good retirement in today's dollars rather than in estimated future dollars in 40 years. That's going to be a huge difference that you should really account for in these types of videos that would make it a lot more useful.
that's why he speaks in percentages most of the time in this video, not numbers. example, ''have saved 10% every month,'' or ''have 10x your income by the age of...''
I would be cool to see an updated version of this
Great Breakdown, Graham!
Roth vs normal IRA totally depends on salary. Where people land in the tax bracket system in the US should dictate their IRA vs Roth IRA strategy. Like if I earn 150k, a regular IRA is probably better, but if I earn 75k, a Roth might be better.
Very interesting video! Just now learning about finance this year and I'm 31. After I went through some rough times in my 20's and ended up filing bankruptcy a year ago. I now have a credit card and rebuilding my credit since it took a hard crash from the bankruptcy. Around 670 score now and pretty much starting over from nothing. These videos really help! Thank you for all that you do Graham.
As a nerd I love these type of videos
Love these videos man, always so interesting seeing this data! And hearing how far ahead the 1%ers are haha
This is advice for average people, not if you want to 10X your income and 10X your life.
Your 20's: Take a guess at the average net worth
Me: It's Pikachu!
Graham: It's -$39,015
Me:Fahhhhhhhh!
Ah yes, the right type of comment.
Some rare Pikachu cards could def offset that -39K easy
Warren Buffett says Never depend on a single income, make an investment to create a second source."
@@pínñëdbyBitBøyÇryptō-l1d if you don't mind me asking, what would be this greatest inspiration of yours??
In his description, he wrote $39,000 not negative $39,000. I didn't watch the video did he say negative $39,000 in the video?
Graham teaching finance and also doing sign language for the deaf all at the same time
20% of your saved income could save you 20%of your car insurance, lol
Literally accidentally tried to smash button twice XD. Favorite channel by far for this genre of content!
No apostrophe for the age ranges. It's 30s not 30's.
Silence Oldhead just focus in da yeast🙏
I don't usually ever leave negative comments but you can't keep making the same video over and over. You will still get views but your more loyal subscribers will lose interest, causing long term audience decay.
I was just thinking about this and here it is. Can you do a version for FIRE as well?
Periodt
He already did. How to retire by 30 years old
I am 25 years old. Just opened my first bank account this year and have 24 cents to my name with no debt
I am feeling pretty happy living in Europe where Colleges are free
With the higher education standard being lower as a result
@@solar7927 that's not really true. They have qualifications for the field you go to college in the 11th and 12th grade. Paying 40k a year for a degree doesn't make you smarter, just means you over paid.
@@randomfella8084 Indeed. I'm a software engineer and at a previous job my boss, the Director of Hardware Engineering for the company, was from the UK. He was pretty damn smart.
Successful people don't become that way overnight.most people you see as glance wealth ,a Great career, purpose is the result of hand work and hustle overtime.i pray anyone who read this will be successful in life
you are right ,to be a successful person in life require him or her of hand work and time
After the like button was smashed I felt so much closer to my goal
These are the beat videos
This guy has over 3.37M subscribers now. I have been watching Graham since he was under 1M subscribers. Wonder how much he makes now from youtube!
By just investing $416 a month. These are great tips/advice tho but $416 is way to rich for me. life is expensive lol.. they put a pricetag to anything.
I can't even find a decent job to get paid $400 while still going to school and even if i did i still have to endure the cluster headaches everday while trying to make money. Doesn't mean i'm mad or jealous cuz i'm not able to, but i'm happy with the little money i have.
In the end people are never satisfied.
Grahams the only youtuber that can post the smae videos but updated and il watch em
great video I really enjoyed it!
The thing is this isn't a linear path. I'm over 50 and I've had a lot more or a lot less money or income in each decade. So don't feel bad if you're not running with the pack this decade. Or too confident if you're slightly ahead.
So I recently turned 18 and immediately hopped into the stock market. Started living like I was broke while having enough money to still invest. Grant has given me amazing advice on how to start saving and investing. My investments have helped me when times got a little tough taking care of me and my girlfriend. Honestly one of the best investment you tubers Ik.
I'm so grateful I never took out a student loan. Obtained my bachelors degree by working & paying my way thru community college & then landed a job at a university that then waived all my tuition to finish my bachelors. I think working while going to school is so key to not ending up with a huge mountain of debt, as well as picking the right school. Go in state, start at a community college, & if possible live with your parents while in school so you're not paying for a dorm or rent. The "college experience" is not worth going into major debt for.
This video is legit perfect timing, gonna be sending this to some friends that need it.
🤦🏾♀️ at 38 almost 39 I’m so behind🚶🏽♀️🚶🏽♀️
Thanks for covering this! I'm in my late 40s playing catch-up. I had no financial education until I was almost 40 and digging out of debt.
Hi Kitty, Thank you for watching. Best future wishes!
Today is always the best day to get aggressive. Better late than never. You can do it, just be consistent and invest as much as you possibly can…if you retire at 65 you still have almost 25 years of compounding that can work for you.
I’m starting frustratingly late as well. But now we are just that much more motivated and driven to succeed. I’m investing very aggressively now and will only increase it.
Also in the late 40's club. Put myself on a 5 year spending moratorium because these earliest dollars I contribute will work the hardest for me. I want retire in 15 years. Cranking money into the market and my house. Wish me luck!
sure wish I knew what a Roth IRA was before I was 29...30 now and it makes more sense to put 6K in traditional IRA to save on income taxes...
Boomers: “ millennials are lazy”
Millennials: *trying to dig out of a financial hole before they even start adulthood*
Exactly Jonathan! 😭
Not sure Boomers are saying that much these days… sure, maybe 6-7 yrs ago. Not in 2021
Don’t get in the hole??
True, i know Tamara and have been adopting her trade signal since early last year, she made me my financial freedom.
Hi Tamara. How have you been doing with this scam?
Happy monday!
Happy Monday!
You too!
How does someone like you without a typical career and salary assess their finances?
Like how does he feel he stacks up? Or in what way to assess? If he's already in the top 0.01% doesn't he have it made any way you look at it?
@@MichelleMarki bless your heart
Leverage up to your eyeballs.
Become a RUclips star.
While I am a subscriber and enjoy your vids, I hate this because being 41 and having to start a new career at the bottom again while only having about 15k invested is really depressing. I'll be looking forward to the next vid that makes me wanna cry.
I'd be curious how much each person is worth with out debt included, and then another number that shows their debt.
been investing since 18... best decision ever as to where I am at in my retirement.
Would love to see a part two on this video going in depth on how to set these kinds of things up for everyone who is new, im 21 and am so thrown off by how much there is to offer when it comes down to long term investments. Love the video, would of loved to have seen the average hourly wage and career options when it comes down to younger individuals say with student loan debt. It's so impractical to say roughly $400 a month for the rest of my life into a Roth, when I've got a $600 a month in loan payments, cost of living being well over $1500 a month. Car payments, insurance for all thing especially after you turn 26...... there just isn't many job opportunities even into your 30's that can support the normal cost of living and thats why everyone's in debt statistically until they are well into their 30's to early 40's which just isn't right in a life that's so short.
Cost to basics keeps rising how were the majority doing to not be in debt until their 30' and 40's?
I am in the top 5-10% in investments, age 19.
This video is only telling me to do better, and I will achieve my goals.
Yo Graham, for future reference I'd recommend using the median rather than the average for most of the data points (such as income and amount invested).
Based on the reference data in the video, the median numbers on that site are significantly lower, but also a far better indicator of how people are doing.
(the average numbers are heavily skewed by the massive incomes of only a few people in those age brackets, whereas the median is a more true indicator)
Was a great video though, great job on it.
agreed!
Agreed about going with median. The "average" investments might make "average" people seem like they're doing way better than is the common reality
This video changed my mindset
The philosophy of the rich and the poor is this: "the rich invest their money and spend what is left. The poor spend their money and invest what is left".
Yes, but also you have to spend some money to stay alive, and if you are poor, that's likely most of your income. And if you have children, it's even harder to cut your expenses, and it's also harder to earn more money.
can you talk about maximizing HSA?
Glad to see you're in the top 0.01% G ;)
:O
Me too. 😊😎👍
😮
@@grahamfan hehehe
😁@@MichelleMarki
I have learned more by watching this video than in the 12 years I wasted in school.
What are your thoughts about being 50 and having never owned a home. Now that time is not longer on my side to pay off the mortgage, do you recommend buying a home at all?
if you have kids then yes
David Ramsey has left the chat
Graham, i love these videos, I'm 18 with about 27,000 invested, your videos are such a good inspiration to me, and im looking to get my first property pretty soon.
Fantastic!
That’s so good!
@@TheIcedCoffeeHour thanks jack
@@GrahamStephan thanks graham
Great job Dalen!! You're kicking butt and taking names!
For a 30 year retirement, why in tarnation would you need 30x annual expenses? That’s all you would need if your money didn’t grow at all. That’s whack
It's really smart that you delineate between "Average" and "Median" numbers, I think many folks confuse those two. Average tends to get skewed by a few larger outliers.
Yeah no kidding!
100%!
Yeah good call! Also different sources could be generating these average and median numbers on different population sizes, it's not necessarily consistent
I’m 14 yrs old with no debt and a couple hundred dollars worth of electronics. Proud to say that I’m above average
Nice job!
well done!
I’ve been waiting for this ❤️
I'm grinding to hit that 50 bench mark before 25 but lawd it ain't easy
Time in the market beats timing the market. With enough time and patience, anybody can be rich, or retire very comfortably.
Great video graham! I’ll be sitting down and planning my future investing in the coming days
Me at 16 with money already in my retirement account: 🤩🤩🤩
Nice job!
:D
@@TheIcedCoffeeHour reply after 15 seconds... new record?
Great job!!! I hope it's a Roth IRA 🤩
How can I invest when I don’t have my own house/apartment, not even have my own car
I'm 20 years old now and I'm actively investing about 500 dollars a month right now, it's like putting money aside but I'm actually profiting from it.
Thank you for the awesome video :DDD