How to Become a Millionaire! (By Age)
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- Опубликовано: 3 окт 2024
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The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!
We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on RUclips and your favorite podcast app. Thanks for coming along on the journey with us.
“Don’t save what is left after spending, spend what is left after saving”.
Powerful!
Yup this is the key. As long as the money you save you don’t charge near the end of the month because you didn’t budget well.
This was a phrase for the highlight reel
I actually do both. I save a certain amount, then spend what I have to, then save what is left.
LOL. Common sense.
I save what’s left after spending, but that’s only because all my spending is meticulous, intentional and allocated. I don’t see the point in saving first, what if you have unexpected important expense that pops up? I’d rather cash flow that, than dip into emergency funds 🤷🏾♀️
Starting investing and getting out of debt at 27. Today I’m 45 and just became a net worth millionaire.
Congratulations 👍
Hey i'm the exact same as you lol except i'm currently investing now at 28 started 3 months ago
Congratulations :D
I'm in a similar situation, would you mind sharing the avg of your income and ROI during the time between being debt free and 7 figure?
Congrats!
"Lifestyle Creep" is a real thing. That can silently kill your finances.
I'm pretty Frugal guy, but I still felt it.
My 15year old 250K mile Honda died last month. So I went car shopping. I had $30k cash budget.
Started to look at cars new and used @$30K.
I found a low-mile, 4 yr old (20k mi) Lexus RX for $30K. Then I Found a 2year old Hyundai SantaFE Limited for $21k (15k mi).
Test drove both. compared options/safety/tech/design. They are equally as nice, as quiet, as capable, as comfortable.... basically apples-to-apple except for that badge. Lexus is out of warranty, Hyundai has 3 years left.
Then I felt this "lifestyle creep" coming up from my ass. OOUUU It's a LEXUS... AHH It's a LEXUS... I'll look cool when I get off that Lexus in the Church parking lot... I got the money.... I should reward myself for blahblah... Ohh Ahh Ohh Ahh...
Then I snapped out, and bought the Hyundai. I could have overspent almost $10k on that Lexus.
Instead, I bought $10k worth of VOO and QQQ.
This is how we can become a Millionaire.
Shoulda bought the Lexus. Reliability alone might have saved you money in the long run and better resale value 🤷♂️
@@tylerwest3820 If you drive a car into the ground, resale doesn't matter that much.
The Lexus will hold its value and probably cost less in the long run. There’s a reason they hold value.
If both cars do to 250k, the Lexus doesn’t save ya money in the long run.
I'd replace VOO with VTI and QQQ with VXUS.
Days are long, years are short. Definitely true.
Definitely true. And Monday morning comes quick especially when you are a Mon- Friday kind of person.
@@Moneymike82 If you listen to these guys, you will retire and Monday will become your favorite day...
@@Moneymike82 aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
@@Moneymike82 aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
@@Moneymike82 vv is pppppppppppp
Thanks for adding timestamps in the description, appreciate it.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
First of all, You could lose it all and you could win it all. It goes both ways. Secondly, what works for A may not necessarily work for B and you should not be a bandwagon investor. A good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
Stop asking on RUclips comments…
I came to the US at age 18 start learning ABC, and put myself through private school, graduated at 25. I’m 55 reached multi million net worth today. I’m so grateful for everything!
25th birthday coming up in about 3 weeks for me. I currently save about 400$ per month with a net worth around 30,000$. feelsgoodman
Not bad at all. What is your profession?
Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock.
I concur entirely. No of the state of the market, I have consistently made a profit. I entered the market in the beginning of 2019, but the ongoing losses and downtrends frustrated me, so I sold off. I returned in December 2020, and this time I had advice from a financial advisor who had been suggested by a well-known economist on a well-known forum. To cut a long tale short, I've been following my investment advisor's advice for years and have made over $850k.
Renowned for her proficiency and expertise in the financial market, “LISA ELLEN SHAW” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as a force in this domain. You can look her up if you want to find out more
I just watched the entire 73 minute video with my girlfriend while we were eating crabcakes and homemade french fries with Old Bay seasoning,.... while drinking a few beers here in my apt outside of Baltimore.. I am recently retired at 60,....and she is 57 and trying her best to save her neglected ''army of dollar bills''. Together we have almost 1 million dollars. I can't tell you how much we enjoy all of your videos,...and,... how thankful we are that we found your channel.
If that’s you in your profile picture, what are your tips for taking care of your health and appearance as you approach senior age?
@@carlkpsplucky5554 Carl,...Thank you for that compliment.That picture was taken 1 year ago in St Augustine Fla. I have been single for 25 years,...after a brutal divorce(her idea).I swore I would never be broke,...or some woman's puppet ever again. I will never sign anything (with a woman)again,....and I will make damn sure I always look good,.........just for spite. So here I am at 60 retired,...with a wonderful significant other (never a wife),.and living the good life. I am ''king of the world'' and not apologizing to anyone,........especially the people that counted me out 25 years ago. I like to party and drink,..but,...regular exercise and weight training....smart eating habits,...walking the track for ''color',....good genes,......and only slightly receding hairline never hurts..Lol.
@@Tonymanero1960 Thanks for taking the time to respond man. My goal is to be wealthy. But I’ve always thought to myself, what’s the point of acquiring such wealth if you don’t live long enough to fully enjoy it. You just proved health and wealth go hand and hand. You could easily pass for late 40s, and I appreciate that solid advice.
I’m 18 and ship out for the Airforce in 2 months. I can start investing early and get my fitness and eating habits right. Health and wealth here I come.
@@Tonymanero1960 Great job Tony. You deserve it.
Great video! I’m 26 and adding about 900 a month to my 401k. Working my way up there!
Great job! any time you get a raise keep increasing it until you hit max. Use ROTH 401k if available because it grows tax free (you pay tax on it now).
@@BrianNC81 I use traditional and Roth so I have tax options when I retire depending on my tax bracket. Thanks for the advice! I plan on increasing every year.
Watch Rich Dad episode on who stole my pension
@@danskid661 @Dan Skid... do yourself a favor and do it all Roth... your older self will thank you soooo much! At this age, unless you're earning six figures and want to avoid paying taxes now (which it didn't sound like you were, or you would be maxing out your 401k), you want to pay those lower taxes *now* and have ALL your money growing tax-free.
@@VotingForOBAMA1 My match goes towards traditional. Everything else is Roth! Great advice!
I'm 22 and started my Roth at 16. I'm primarily a Dave Ramsey listener but it's been nice to get another perspective. Thank you Money Guys!
Dave Ramsey is good but definitely spread it out and listen to others. This channel is great too for beginners
Wonder what the $1 turns into when you were 16. Gotta be over $100
I’m a doctor in my early 30s and was not a responsible saver in my 20s and totally wasted those valuable years. Now I’ve bought a house I’ve just started investing and have a sad looking £500 in my portfolio - but hoping to seriously dial it up now as much as possible! Thanks for the great advice, so helpful for someone who grew up not thinking or knowing about any of this stuff. I’ll make sure my kids in the future start making better financial decisions, earlier than I did! We’ve started up a tiny fund for our baby nephew that all the family can contribute a little bit into it for his parents to invest, so hopefully he will start on the right foot!
I’m 20 and have been saving $1000 a month since July of 2019 when I started my 2 gap years before college. 10% Roth 30% index 60% Savings. I’ll never have student debt and I have enough saved the rest of college.
At 20, you have time to recover from any market crashes/corrections... and your 10% is SO small, you're missing out on tax-free growth. Consider putting the majority of your money in Roth savings. Also, consider flipping those percentages, so that cash savings is the smallest percentage. So, most in Roth, then index, then cash smallest. Your older self will thank you!
@@VotingForOBAMA1 hi Angela, that’s great advice and recently I maxed out my Roth so it’s out of the equation for the time being.
I’m 36, started investing at 35. I live in a small old cheap motor home. I pay no rent. Now I invest $1000 a month into my index fund/ Roth. Never thought it would happen but I had to make sacrifices.
Be consistent too!
Opened a Roth for my 16 years old daughter last year and one for my 15 years son last month. Just opened one for my 16 years niece yesterday. Save 1/4 of their pay into Roth, 1/4 into saving, spend 50%.
You guys are cruising, 3k subs in 4 days! Glad I found you guys
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $100k now to put in the market.
Understanding personal finance and investing will likely lead to greater financial independence. By being knowledgeable about money and investing, people can make informed decisions about how to save, spend, and invest their money. I know of someone who made over $350k in this recession influenced market, but to my knowledge it was through a financial advisor.
Yes, financial advisors can make a world of difference, especially in a market like this. Stocks are pretty shaky right now, but if you do the right calculations, you should be fine. Bloomberg and other financial outlets have been recording cases of people making over 250k in a matter of weeks or a couple of months, so I think there's a lot of wealth transfer going on in this downtime if you know where to look. I have been using an FA since 2019 and I return an ROI of at least $650k, and this does not include the capital gain.
@@IAMBETTERTHANYYOU Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "JILL MARIE CARROLL" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
2nd vid watched in a row, and now subscribed- the number breakdowns are the most compelling and the difference between "knowing" and "internalizing" these truths, and such a helpful resource to convey these notions to younger family members and loved ones.
I’m currently 23, and just got a “real job” that pays 40k. Not the best, but I know to be grateful for the job I have in this epidemic. That being said, I know I’m lucky in that I work remote and that I have parents who don’t mind me living with them (I do put some money to the table!) It’s not that I want to be a millionaire, but I really wanted to do personal finance right, and you guys really showed me good advice! I never heard of the “millionaire next door” and will definitely read it. Also subscribed and liked! Since I think you guys give genuinely good advice for newbies like me!
I come back to this video time and time again - seriously so helpful
Great info! Currently 26 doing my best to save the amount you guys give for the decade ahead of my age. I’m sure my older self will appreciate it!
You guys are still one of my favorite channels on RUclips!!
Go 50's ! Not young but not old, still lots of Life to Live and Give...
I’ve been really diving into my finances lately and getting myself out of a small amount of debt. I’ve always contributed some to my Roth IRA and this was really nice to see that I’m at the financial mutant level, and just before 30! Only thing to do is keep it going and make it bigger! The information you guys put out is so helpful to someone like me and the comment section gives a lot of inspiration as well.
i'm 34, not close to having a million and my "thousand worth" portfolio is down by approximately 20% and there's no hope in sight. Any recommendations on how to scale up my returns before selling off to draw even/taking a different approach will be highly appreciated as I am losing my mind given that my retirement draws nearer lol.
People must understand that the market is not a child's game. It a zero sum game and you could potentially lose all. For starters, always make correct inquiries before putting your money somewhere or better still, get the services of a pro (that way, you give little room for error). Made my first million earlier this year this way after years of learning the hard way. Good luck!
@@archiemcdougald5466 Pragmatic... I have been into this for sometime and though I won't say I have lost a fortune, I have squandered quite a lot... How can I get in touch with one? If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I anticipate your response..
@@toyko7200 Funny enough, I can honestly relate. I don't know if I am permitted to drop it here, but her name is "Nancy Lynn Lewis". Was in the news a lot in 2018. You can check her out online for more.
story of my life
@Kentucky I guess. I don't stay in the States myself. hahaha.
I’m 34 years old and just now trying to become financially literate. No one taught me. But I’ll be dammed if I don’t learn and teach my daughter who is now 17. I got my LLC, I’m building business credit, and just made my 1st S&P 500 investment last night at midnight to bring in the new year lol
how's that looking for you
I'm 28 so I took a screenshot of the thirty year old slide to set my next decade goals. I would hope to get there early and won't stop there but it's a nice benchmark.
Love the content so far! I would love to hear more about how you are helping your teens to prepare them for financial success but also what you are doing as a parent for them as well. You mention Roth IRA but would love to hear more about that and more if you can share. Thanks!
excellent show today guys - the breakdown you did starting at zero or where they should be at a certain age filled a gap info wise, great job.
I’m 33 and net worth millionaire, started the journey at 26.
Now we are on our way up to level 2. Net worth of 2 million.
My currency is SEK - Swedish kronor since I’m located in Stockholm Sweden. 😊
The more you repeat yourselves the more I really understand what you're trying to say. Might sound like a broken record to some but sometimes you gotta hear it more than once. The advice and topics were awesome. Thanks so much boys, subscribed
This is actually pretty helpful. Having a target to go for to save each month and knowing how much you need to have already saved in the event that you want to pause and pay for a mortgage, etc... is awesome content.
im 19 and started last year, already thanking myself after one year. also im in australia we have free health care, i love it. i dont understand have america doesnt have free health care, blows my mind
Can you make a video about trust funds next?? Different types, how to effectively use them, when to use them. . .
Good call
Thank you for posting this. I watch your shows and follow your advice. Since my Net Worth is creeping up there, I went ahead and picked up an $1M Umbrella Policy per your recommendation. Thanks again and keep sharing what good financial behavior looks like.
- 34 Year Old Mutant
+ 1 ( 4 4 3 ) - 6 7 8 - 0 0 2 9 📲💬
Here are some ideas that wont be click bait, or repetitive.
1. Taxes in a taxable account.
2. Estate Planning.
3. Vanguard's latest 2020 study on "How America Invests."
I like 1&3 👍
@@MoneyGuyShow 3 seems really interesting, I enjoy learning about how the average american does things to compare
Great ideas!
Ba booey..ba ba booey..ba ba booey.😳😳
I’m 20 and have about $104k in total net worth, haven’t started college yet but that will eat up my net worth for sure. Been saving at a young age and worked hard for money. I started to invest at age 15 so I had very early head start
what did you do to make so much at such a young age
I'm very close to hitting 1 million net worth and just turned 39 this year. 0 debt and mostly in real estate and stocks and some cash. Unfortunately a million doesn't go far as it used to 20 years ago, my goal is to reach at least 3 million before retiring. I definitely watch my life style creep. We paid off our mortgage 4 months ago and while we eat out a little more than we used to, try to watch our spending!
You're right. To retire in 25-35 years you'll need 2.5-3.5M. The days of needing 1M to retire are looong gone.
I want to say Thank You! I was watching your live stream earlier this morning/noon time and asked the question regarding how to deal with the anxiety. Then you direct me to here. I do feel a lot better after watching this. I'm under 30, but my savings are better than the number you show for 45 years old. I have a good saving rate, a good number saved, I'm married, and bought a place already. Still have a mortgage though.
I want to have 3M in the financial market and a fully paid house and 2 cars(Wife and I) to start my retirement. Hope I'll get what I want.
The earlier you start saving, and investing, the more compound interest + time will work in your favour.
Paying myself 1st was a change i madevthst has super charged my wealth building. It sounds so easy but about a year ago I bumped my 401k contribution to 15%, maxed my roth ira and put the first $500 each week of my direct deposit into my taxable account to invest and the money keeps piling up like crazy. I wish I figured this out years ago. It absolutely 100% makes a massive difference. It even motivated me to not waste a penny and to try to end the week with leftover cash in my checking account so I can put bonus capital into my taxable invest acct
I've just started the practice of leaving my spending account with $500 (for the month) when my pay check hits and putting everything into my "Bills" checking account. From there I divvy it up into various savings accounts, leaving the bulk in "Bills" where all my autopayments come out of. I've also created a separate checking specifically for groceries just so I know I'm not cutting into grocery money.
Not only am i learning my own finance with brian and bo, im also learnimg how to be a actual good parent. I will open up my child a 529 plan the day i find out my girl is even prengnant. I will math them dollar for dollar on their roth. I will team them to be self aware. You two are the parents EVERYONE needs.
I’m not sure I follow these numbers but I got 6k and doing 542 a month at 25.
My buddy pulled out 35k from his 401k to pay for a car. His reasoning was that the interest rate he's paying himself is is a better rate than taking that loan from a bank. the money loaned out isn't growing while it's loaned out. Maybe this can be a show?
why were the only two options borrowing money?
@The Money Guy Show
Please make a video on risk capacity by age!
Seriously wished I had opened my Roth IRA sooner. Seeing the passive returns makes me feel more comfortable knowing my money is at least keeping up with inflation.
Can you guys do a video for seniors: how to grow and maintain their wealth the best investments for them. I’m trying to help my grandparents who did not have retirement accounts but did just inherit a good chunk of money. What should they do with it besides holding it into a bank account?. Thanks.
Reading some of the comments below is incredibly motivating / inspiring / impressive.
I'm 33 and wife 32 and we just started investing seriously. Although do have a home (about 30% equity) and some private-pensions. Current wealth is £227K, hoping to retire at 55 with £2.5m. Appreciate this needs some sizeable capital contributions over the next 10-15 years, but am optimistic and have a plan :)
Honestly, getting financially fit over 2020 has been incredibly empowering.
I am just so thankful that I came across the money guy channel. In a year in disarray, where the pandemic shaked our financial world, it provides the guidance and reassurance needed. Thank
Great video, happy to hear I’m on track to be a multi millionaire in retirement. This type of breakdown is extremely helpful.
You guys do a great job showing people what they should be doing to save and prepare for retirement but what’s next after that? How about a show about spending and taking income in retirement and transferring the wealth to beneficiaries and charities at the end of life?
Great advice as ever nice to know as a 49 year old I'm in pretty good shape. Left it a bit late but getting a tax professional onboard Monday given I have a number of rental properties I'm pretty sure expert advice will save me far more than it costs.
Sad to say pretty much all the comment sections on RUclips are now filled with unwanted hawkers trying to plug Bitcoin this time inferring they are connected with “The Money Guys” I reported them.
Can’t wait!!! 💪🏿💪🏿💪🏿
Great show! One calculation question
On the slide where a 20 year old has $11,318 saved and becomes a millionaire by age 65. But a 25 year old has to have $22,708. This is because you use a 10% interest rate for the 20 year old but only a 9.5% interest rate for the 25 year old.
My question is this: In your model, why doesn’t the 20 year old earn 9.5% interest on their savings after they turn 25?
I think they said in a different video that they lower the rate of return as you age in their predictions to account for people getting slightly more conservative in their investing as they age
@@thegainzclub4027 yes I understand lower risk profiles. I just think they shortcut the math a little which inflates the wealth multiplier for younger ages.
Said another way: Let’s assume that a 25 year old earns 9.5% interest. What interest rate does a 20 year old earn when that 20 year old turns 25?
The model they’ve proposed says that so long as the person started saving when they’re 20, they will earn 10% every year until they’re 65. But if you start saving at age 65, you only earn 5.5%. I just don’t agree with the way they “lock in” the risk profile. Your risk profile changes as you get older, so your interest rate should decrease even if you started at age 20.
The one way I could see this working mathematically is if you assume that a 20 year old is actually making much more than 10% interest and that the average interest rate they earn over their lifetime will be 10%. But I don’t agree with that premise.
Time. For example, A portfolio worth 100k will produce more income or grow quicker than a smaller portfolio of 10k of someone who has just started. The compounding effect for the portfolio for a 25 year old who started investing at 20 would help the rate be greater to the 25 year old who has just started.
Such great content as always, thank you Money Guys!
Late start for me. Thank you for not making my 40’s feel too helpless. Thank you for the $$ breakdown per month.
I have a question: I’m a teacher and am still in the lowest tax bracket. I have been partially funding my Roth and my 403b. I also have an unfunded HSA and 457. My pension savings are automatically deducted. Should I spread my savings to all accounts and not max them out or max out one or two? I don’t make enough to max all without eating cat food for dinner.
Max out ur 457 get some side job if u can ,now $19500 if u can do that for 20 years, ur 60 will thank ur 40
Took advantage of my 20s, because of that now Im on track to be financially independence at age 26. Don't waste your 20s folk.
Thank you so much for your content! I'm feeling less lost every episode I complete.
2:30 For all of those that think a Million is worth nothing anymore..... I would gladly take that nothing off your hands!
I like you guys a lot. Much appreciation all around.
I pray whoever reads this will be successful, keep fighting for success, the rich stay rich by spending like the poor and investing why the poor stay poor be spending like the rich yet not investing, Roar!! Invest, earn and be successful.
I'm curious as to how you get your figures for the return of a dollar based on your age- maybe I missed it, where exactly did that come from? Just a curious 20 yr old- the most I've ever heard of is $1 to $20. Great channel your videos are incredibly helpful!!
I think your figure is closer to reality than 88x. You can simply apply the rule of 72 to calculate how long it'll take to double your money.
I'm sorry. But the math dosen't add up. 43,359 * (1+0.09)^(65 - 30 years) does not equal to 1 million dollars. it's only 800k.
This video makes me feel sooooo happy I started my Roth IRA at 18yo and put 300 a month into it wow
love it you guys are good chaps, thanks. u shld repackage this w diff titles and reuse
Great video. Thanks for all the hard work you guys are doing. I really appreciate seeing the hard numbers so I can spot check myself, and see how our plan is going in comparison. Thanks again.
As a 22 year old OTR truck driver. Food and insurance are my biggest expenses. Everything else gets saved.
Fantastic video guys, loving the whole channel
Great video as always guys. Enjoyed it!
Hey guys your awesome!! Just wish I could get more people to listen to you guys.
Great content as usual. Thanks for adding in the chapters!
I'm sitting at around $60k at 22. This video made me realize I'm doing alright for myself. I have a horrible tendency to compare myself to the hyper successful and forget to consider how far ahead of the curve I really am. All it took to get here was frugal spending and a "just say no" attitude.
Extremely ahead of the curve! Keep investing and putting your money to work
Lmao I'm 21 with literally no money to my name and drowning in student debt already (still a fulltime student). Even when I had a 9-5 to start paying off the debt, the majority of my funds went to paying rent, utilities, and necessities like food. I haven't bought new clothes in nearly 2 years, and being in low-income housing means that you can't save up anything, because they will take it all from you by increasing your rent even more. I look at these videos and laugh because so many people don't seem to understand that being able to save money is a PRIVILEGE.
@@MadLover4690 unlucko
@@MinecraftCurios it's not just "unlucko", it's reality for many low-income minorities in america. That's what capitalism gets you I guess. 👌
I hope to speak about finances like you both one day! I know so much already
10% annual return isn’t really likely going forward. and a 2% inflation rate equals 2.2x todays money. An easy way to consider inflation is to just subtract inflation from your expected return to use in the fv calculation.
Not moving the goal is a little difficult. Inflation changed the amount that I think I need every month from what I anticipated when I was in my 20s.
I hope that covid causes people to want to save and consider their current financial situation to prevent themselves from being screwed by things they cannot control.
Similar to how anyone that went through the Great Depression had a different mindset that caused them to be cautious with there money.
I think there was a mistake in calculating the amounts needed to save monthly, except with age 20. Working backwards from the time before reaching age 65 and the amounts they say to save, I got rates of return of 10% for ages 20 and 25, 9.9% for ages 30 and 35, 9.8% for ages 40 and 45, and 9.7% for ages 50 and 55. Here is what I think the monthly savings should be based on their rates of return. The format is Age: Amount for $1M/Amount for $2M.
25: $184/$368
30: $340/$680
35: $606/$1,212
40: $1,051/$2,103
45: $1,806/$3,612
50: $3,155/$6,310
55: $5,938/$11,876
Thank you, both.
Wow. I'm already a future millionaire in GBP at 21. It'll be worth a third of what it is now by then but still, not bad at all
You guys are the best! Thank you so much for making this video :)
You guys are so close to 100k. Congratulations
Thank you Kimberly 👍
Wish I could have seen your series of videos back in the 90s .. lmfao
Good advice fellas nonetheless
Love the show guys!
This is priceless! Thanks guys
How did I miss this stream😭. Anyway I always love these types of videos, good work guys🤙🏾
40s starts about 35:50
Great show, thanks for the insight!
Finally men that don’t have to say, “this is not financial advice.”
Can you do a show on what a 55 year olds asset allocation should be for someone looking for growth. And is already retired with a pension.
In Juneau, Alaska, there was a hiking group of women in their seventies who hiked to the summits of the surrounding mountains two or three times a week. I couldn't believe it the first time I hiked with them, but they bounded up the mountain easier than I did.
You are weak 😊
Wonderful video, thank you guys
Thanks Guys. Loved every bit of it.
In my 30s. You guys nailed the many aspects of what's going on.
I wouldn't blame a 40 year old for not knowing how to invest, it wasn't as easy back then.
Doesn't mean they can't start something now. Even my mom at like 60 is trying to start investing for her 70s.
This is way better than joining an MLM.
Became a millionaire in 2017, grew to $2.2 million in 4 years. Compound interest is exponential!
4 years?
@@eliteleaf5305 Yep!
@@CraigNAnderson did you invest a large amount? Like 1 million.
@@eliteleaf5305 401k is majority, home equity is second. Both grew. No single investment. No inheritance.
I’m 33 and my net worth is $1.6 million now
Congrats how did you do it
Love the show, absolutely hate that fairy wind chime whenever the FOO list is shown. Always spooks me with earbuds in lol.