The 5 Financial Goals To Achieve In Your 20s

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  • Опубликовано: 15 сен 2024
  • Here are the 5 financial milestones that everyone should aim to achieve in their 20’s - Enjoy! Add me on Instagram: GPStephan
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    First, and the most reasonable goal that I think everyone should aim to hit in your 20s…is to get your credit score above 750:
    For anyone who’s not aware…your credit score is just a calculation that shows how responsible you are in paying back money that you owe. That might include credit cards, auto loans, student loans, a mortgage payment…or, anything else where you aren’t paying for something with your own money, upfront. And this term known as a “Credit Score” is basically a grade that lenders use when determining how much of a loan you’ll get, and what interest rate you’ll pay.
    Second, speaking of paying off debt…it would make me happy if, by the time you’re 30…you’ve gotten yourself, what I like to call…”BAD-DEBT FREE.” It’s like saying “Debt Free”…except it’s BAD DEBT FREE.
    So, really - from the way I see it - it’s not necessary to want to call yourself entirely DEBT FREE by the age of 30….because, some types of debt can actually be really useful in terms of making more money and being financially responsible.
    Third, by the age of 30, you should have at LEAST 1.5 years of your expenses invested.
    That means, if you’re spending $3000 per month on rent, utilities, car payment, food, and smashing the like button…you should have, at MINIMUM, $54,000 invested in the markets. Or, if your spending $2000 a month…that equals $36,000 invested.
    Fourth, I highly recommend that - by the age of 30 - you create a SECOND source of income in addition to your main job.
    This is something I’m surprised isn’t mentioned more…because, as you get older and advance further in your career…it’s so important to use that as LEVERAGE to make even more money, and diversify your income into other areas. After all, when surveyed, it was found that nearly 2 out of 3 millionaires had at least ONE extra source of income - with the most common being real estate investing:
    www.businessin...
    Fifth, by the age of 30…I’d recommend that you aim to save at LEAST 25% of your income each year, and invest that amount towards your retirement.
    For most people to save and invest 25% of their income, it takes skill. You need to be dedicated to tracking your expenses, you need to be disciplined when it comes to your spending, you need to live below your means, and you need to place an importance on the future…and investing 25% of your income just comes as a byproduct of doing all of those things, consistently. Not only that, but it also motivates you to increase your income, just so that you’re able to maximize the value of your own time - and then pocket the difference.
    For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
    *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Комментарии • 2 тыс.

  • @iammars142
    @iammars142 4 года назад +2822

    1. Credit above 750
    2. Get out of bad debt (above 5% interest rate)
    3. Have 1.5 years worth of expenses invested
    4. Create a 2nd income source
    5. Save 25% of your income

    • @matthew8153
      @matthew8153 4 года назад +117

      I Am Mars
      Saved me a lot of time.

    • @bobsebolaobama4946
      @bobsebolaobama4946 4 года назад +3

      Thanks man

    • @dwm2177
      @dwm2177 4 года назад +5

      @David Castro not really

    • @dh2266
      @dh2266 4 года назад +6

      You know Graham posts this in the description right?

    • @wyspakaszuby
      @wyspakaszuby 4 года назад +6

      Save 75%

  • @SteveRam
    @SteveRam 4 года назад +285

    I didn’t start until my 30’s and I’m still in my 30’s, and got 5 out of 5, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age and change your future! Great video Graham! Thanks for sharing!

    • @majia
      @majia 4 года назад +14

      oh goodness, thank you steve. i'm 28 and I'm watching this video panicking that I've somehow failed life

    • @prathikhegde8604
      @prathikhegde8604 3 года назад +2

      Thank you so much

    • @saadaelmi6634
      @saadaelmi6634 3 года назад +1

      @@majia you haven’t failed I’m proud of you keep going❤️

    • @tejasj8740
      @tejasj8740 3 года назад

      Thank you so much!

    • @travisholden2311
      @travisholden2311 3 года назад +1

      The best time to plant a tree was always 20yrs ago...the 2nd best time is Today.

  • @fatherleo4603
    @fatherleo4603 4 года назад +597

    I'm already in my 30's but I'm going to pretend I'm in my 20's just for this video

    • @Dividendsmattertoo
      @Dividendsmattertoo 4 года назад +19

      Lol good one I’m 29 freaking out about turning 30 next year

    • @RunnersUniteCoaching
      @RunnersUniteCoaching 4 года назад +1

      S P net worth ?

    • @Dividendsmattertoo
      @Dividendsmattertoo 4 года назад +2

      Mitchell Merritt just around 46000$ so far I feel like I need to play catch-up

    • @jak4403
      @jak4403 4 года назад +15

      Am 80 and pretending to be 25

    • @pakigangsta5
      @pakigangsta5 4 года назад +7

      I became 30 at 16 years old...son of an immigrant yada yada yada. I'm well off but feel burnt out

  • @jacksonjobe4156
    @jacksonjobe4156 4 года назад +113

    “The first thing you need is good credit”.
    Dave Ramsey “Im gonna have to stop you right there”

    • @keaten52
      @keaten52 3 года назад +12

      I love the dichotomy in philosophical views about credit. I think it's important to remember that credit is just a tool, and like any tool, can be used for good and evil.

    • @andrewblocher9110
      @andrewblocher9110 3 года назад

      My favorite Dave retort!

    • @herbythechef7624
      @herbythechef7624 3 года назад +2

      ALL LOANS ARE BAD. GET OUT OF DEBT. RICE AND BEAAAANSSS

  • @nataliam6173
    @nataliam6173 4 года назад +117

    28 yo
    1. 2 properties in Miami
    2. $160 K in savings
    3. Saving 23% of my salary every month
    4. Credit above 780

    • @pkrprince2513
      @pkrprince2513 4 года назад +3

      Congrats, happy for your success! I hope you have a fulfilling life, help spread some joy in these troubling times.

    • @jdrive6978
      @jdrive6978 4 года назад +1

      Excellence. proud of u

    • @Phougi
      @Phougi 4 года назад +2

      Let's date

    • @KaiserX
      @KaiserX 4 года назад +23

      5. rich dad

    • @hunchohuncho6552
      @hunchohuncho6552 4 года назад

      Nice !

  • @hey8174
    @hey8174 4 года назад +47

    Based Stephan taking the time for us 9-5ers to write detailed video descriptions so we can still read the content without audio. Thanks dude!

    • @GrahamStephan
      @GrahamStephan  4 года назад +17

      you got it!

    • @gotwoodskater
      @gotwoodskater 4 года назад +2

      Graham Stephan good try graham, I know it was for the algorithm 😎

  • @GriffinMilks
    @GriffinMilks 4 года назад +15

    Been following you for 2 years and still got fooled by that thumbnail. Shoulda known! Great tips though Graham. I'd advocate the multiple streams of income as THE most important that people need to really strive for!

  • @MrMountain707
    @MrMountain707 4 года назад +75

    Graham, I absolutely love how you spend the time to write a lengthy description in each video! That way I have something to review back too after watching the video! Thanks! Keep up the good work!

    • @JamesHollowayYT
      @JamesHollowayYT 4 года назад +2

      That's something I need to work on, on my RUclips videos talking about real estate investing!

  • @WilliamBraford
    @WilliamBraford 4 года назад +45

    I know you feel like you're talking to people in their early to mid 20s but I'm turning 31 and royally screwed myself and family in my 20s (-44000) and because of all your video, I'm cracking down on all my finance.

    • @JamesHollowayYT
      @JamesHollowayYT 4 года назад +3

      That's awesome to hear William! How are you doing it?!

    • @aminedhaouadi7932
      @aminedhaouadi7932 3 года назад

      Well it is a general spectrum of financial literlits. I'm 17, some are older then 20s others are younger

  • @NefariaAdventures
    @NefariaAdventures 4 года назад +139

    "Don't close old credit cards" - I hope people see this and see how much your credit score will drop if you close cards you've had for years. Some other financial experts advise closing credit cards - which is some of the worst financial advice out there. People who don't know any better end up closing old cards due to this advice, and heavily damage their credit as a result. If consumers have bad self-control issues when it comes to CRC's, they should just shred or cut up their physical cards.

    • @P1983sche
      @P1983sche 4 года назад +3

      Nefaria Adventures Right because then it ruins your average of years the credit has been open. Great post!

    • @jpgamer1000
      @jpgamer1000 4 года назад +10

      Why does it drop your credit? I’m only 19 so I don’t know much about credit

    • @codemode5646
      @codemode5646 4 года назад +2

      Damn, so my plan of getting 0% apr cards every couple years and cancelling old ones will damage my credit score? Any idea how much?

    • @jamesdoughty1522
      @jamesdoughty1522 4 года назад +3

      Average age of credit is about 15% of your score. The actual score difference will depend on your total credit profile.
      The only cards you should close are ones with an annual fee, unless you get more value from the points or cash back than the cost to keep the card. Even then I'd only close a card if I had another card or 2 that is over 2 years old.

    • @brent1041
      @brent1041 4 года назад +7

      Or close them as soon as possible. So your soon to be ex wife don’t run up 7K without you knowing till she don’t pay the bill and it goes into collections. Aka what happened to me

  • @danieldavila4999
    @danieldavila4999 4 года назад +7

    Ok 23 right now.
    • I make about $500 a month off of Turo renting out a few cars and $1000 a month from work.
    • Credit Score at 765 (three credit cards)
    • I recently got my real estate license last week.
    • I get my tuition at Cal Poly Pomona 100% paid for by financial aid.
    • I have $20,000 saved away.
    That's where I stand today.

    • @cantae5149
      @cantae5149 4 года назад

      What cars do you rent out on turo?

    • @danieldavila4999
      @danieldavila4999 4 года назад

      @@cantae5149 A '15 Jag XF and a '08 Toyo Yaris.
      Looking to get rid of the Jag since the Yaris rents better and just get 2 more of em to make $1.5 or $1k easily. Wouldn't have to worry about depreciation anymore.

    • @creativereinvestor
      @creativereinvestor 4 года назад

      I am a Turo customer , I rent vehicles from this Indian guy , They started it with 2 vehicles 2 years ago now they have a small fleet of 15 cars , most vehicles are mid size suvs.
      I have no idea how much they make it after repairs, depreciation and taxes.

    • @danieldavila4999
      @danieldavila4999 4 года назад

      @@creativereinvestor writing it off helps.

  • @M0rdFustang
    @M0rdFustang 4 года назад +401

    I've been saving 30% of income since Jan 1 this year 😎

    • @RealLifeMoney
      @RealLifeMoney 4 года назад +5

      Awesome % to have! ;)

    • @bradgreen5938
      @bradgreen5938 4 года назад +3

      Mord Fustang not being critical do you live with you’re parents

    • @aileencrane7700
      @aileencrane7700 4 года назад +20

      If you make a lot of money and keep your expenses low this is pretty attainable.

    • @RealLifeMoney
      @RealLifeMoney 4 года назад +1

      And if you do what Graham suggests with house hacking. Boom

    • @SuperDirtyLion
      @SuperDirtyLion 4 года назад +3

      @@bradgreen5938 I save 35% living with 3 roommates

  • @MoneyMindsetM
    @MoneyMindsetM 3 года назад +14

    The school didn't teach us these things, Thanks, Graham!

  • @tevvmusic
    @tevvmusic 4 года назад +27

    I just turned 20 a month ago. My goal is to become a millionaire by 30. When my music career works out, I will be able to achieve that.

    • @MichaelP-ke1tm
      @MichaelP-ke1tm 4 года назад +6

      Multiple sources of income

    • @Projectsalvo184
      @Projectsalvo184 4 года назад +5

      keep up the positive mindset

    • @jhockey3428
      @jhockey3428 4 года назад +1

      Good luck

    • @deeznuts3472
      @deeznuts3472 6 месяцев назад

      i see neither of our plans worked out from 2020... good luck

  • @blakerossdeutcher2307
    @blakerossdeutcher2307 4 года назад +11

    Killing it, man. 24 and staying frugal to hopefully pay off loans this year while practicing investing with a small account. Love your advice and mindset, keep it up!

    • @JamesHollowayYT
      @JamesHollowayYT 4 года назад

      Nice Blake! I'm 25 and I started real estate investing about 6 months ago! Two properties later, I cash flow $1100/mo! 1/3 of what I make from my normal job! I talk about my experiences and knowledge on my RUclips channel as well!

  • @ryanvalenciano2261
    @ryanvalenciano2261 4 года назад +55

    Me: yes i need to save money and live frugally Also me: I really want a race car

  • @hunterlisk5773
    @hunterlisk5773 4 года назад +4

    My goal for this summer is to buy my first house hack just like you! Then by the end of my 20s I hope to have achieved financial freedom! Wish me luck, and i hope everyones dreams come true too!!

    • @liskh5
      @liskh5 4 года назад +2

      You get it man!

  • @Astillion
    @Astillion 4 года назад +3

    The only one of those 5 that I achieved in my 20's was to be free of bad debt. And that's just because I never had any. I'm now halfway through my 30's and can proudly state that I've checked all of them! And I've been saving 70% of my income for two years in a row. It's never too late to become financially successful.

  • @Rleatfitness
    @Rleatfitness 4 года назад +26

    I wish I had discovered you sooner id be further ahead with my savings

  • @qs0176
    @qs0176 4 года назад +37

    I live with my parents and I’m 17. People in my family have always struggled with money and so I was terrified to have to rely on my parents at all times. Got a job at 16 and have saved just under 15k. I hope to get into trading when I’m 18 and do real estate.

  • @NefariaAdventures
    @NefariaAdventures 4 года назад +45

    This video needs to be shown in every high school/college/university.

    • @JamesHollowayYT
      @JamesHollowayYT 4 года назад +4

      All of his videos need to be taught in school!

    • @AfterFurtherReviewCFB
      @AfterFurtherReviewCFB 4 года назад +3

      No they shouldn’t. I’m 18 and glad the pot is small. If they WANT to learn this there’s sources available.

    • @neft5449
      @neft5449 4 года назад +1

      @@AfterFurtherReviewCFB we share the same mindset. Wouldn't want too much competition 🤣

  • @shaloon64
    @shaloon64 4 года назад +22

    I smashed the like button and now my credit score is 851 😰😰😰

  • @ryanduty10
    @ryanduty10 3 года назад +3

    I am 23 this year and I happy that I accomplished 4/5, now I really need to go get a credit card ASAP.

  • @joshabreu19
    @joshabreu19 4 года назад +1

    This is probably one of the only Chanels I make sure to smash the like button on. Great work Graham! 👍🏻

  • @chefstevenmurry158
    @chefstevenmurry158 4 года назад +2

    I'm a year from 40 so this be what I need before 50!

  • @battlingphoenix3847
    @battlingphoenix3847 4 года назад +36

    I’m 18 so I’m gonna so I started my expense tracking as soon as I received income :) hehe (the way to win the RAT RACE is by not racing at all)

    • @awisusanto7879
      @awisusanto7879 4 года назад +1

      Very true.

    • @jessesdomain444
      @jessesdomain444 4 года назад +3

      Im 25 and left the rat race a year ago. Good for you

    • @daylight1440
      @daylight1440 4 года назад +1

      Jesse's Domain what do you do instead of the rat race?

    • @jessesdomain444
      @jessesdomain444 4 года назад +1

      @@daylight1440 i adopted minimalism and living below my means

    • @AfterFurtherReviewCFB
      @AfterFurtherReviewCFB 4 года назад +2

      Jesse's Domain I’m 18 too. Let’s network bro ig: that_one_ricky_kid
      Snap: thatonerickykid

  • @AdonisGaming93
    @AdonisGaming93 4 года назад +17

    Well I just got my first real fulltime job at 26....and I already reached most of these goals.....im 26....lol I save over 50% of my income right now, but will be moving out soon so it'll be tougher.

    • @trashbank6148
      @trashbank6148 4 года назад +3

      I mean, when you're not paying rent, it's relatively easy to save that amount 😂

    • @danielberens7715
      @danielberens7715 4 года назад

      Wow , late start

    • @JamesHollowayYT
      @JamesHollowayYT 4 года назад +1

      Nice! Currently 25, save 39% of my income, have two rental properties that cash flow $1100/mo and save all of that towards my next rental property

    • @AdonisGaming93
      @AdonisGaming93 4 года назад +4

      @@danielberens7715 long story. I had to start school system a year later. Did community college before 4 year school, changed major 3 times. Went to grad school and failed. Jut a lot has happened.

    • @billshat7477
      @billshat7477 4 года назад

      @@AdonisGaming93 I can relate to this. Did you get a job with a degree?

  • @Jrdsign
    @Jrdsign 4 года назад +21

    How about a part 2 video for those that are already 30 and way behind 😂 ... we need 5 steps to catch up.

    • @dylanreh2010
      @dylanreh2010 4 года назад +1

      Probably the same steps. Biggest things would be to increase income quickly and limit expenses any way you can(sounds obvious but it's no joke). Cancel those subscriptions for a year and pick up a side hustle. Then, since you have a late start, probably save 35% of your income or more instead of 25%.

  • @jrg4587
    @jrg4587 4 года назад +2

    Thanks for being a POWERHOUSE of useful information to help many of us get out of financial struggles. We love you Graham Stephan!

  • @DepressionTalks1
    @DepressionTalks1 4 года назад +2

    Listen. This was TRULY one of the most informative and helpful videos I've ever watched on financial planning and management. These tips were practical, and the way you broke everything down made it easy to understand. You are truly awesome! Thank you so much for your help.

  • @richardyepes1764
    @richardyepes1764 4 года назад +3

    Great video Graham! I am 38 and did the late start. Started watching your vids a couple of months ago and always great info. Wake up call was 2017 when I bought my house and had to raise my credit as fast as possible. Have been helping my young employees doing exactly what you just put in this video

  • @CuriosityUnchained
    @CuriosityUnchained 4 года назад +4

    These are excellent advice as usual. And I really like that you stressed living expenses instead of percentage of your income

  • @brandonliao408
    @brandonliao408 4 года назад +183

    Graham, the markets are seeing almost record drops all across the board. I'm guessing you would already know about this but are you thinking about covering this sometime soon?

    • @247FilmMaker
      @247FilmMaker 4 года назад +2

      @@TheJackOfAllTrades777 GRANT

    • @XxBakerxX72
      @XxBakerxX72 4 года назад +25

      He said in an Instagram post that he isn't. Reason being, he's made many videos on it and the response is the same: buy, hold, do nothing.
      Long term investing basically, keeping for many years before selling off. Invest now if you can afford the cash since prices are lowered.
      And as always, keep investing in like button smashes

    • @brandonliao408
      @brandonliao408 4 года назад

      @@TheJackOfAllTrades777 Ah, autocorrect. I'll get that fixed.

    • @brandonliao408
      @brandonliao408 4 года назад +3

      @@XxBakerxX72 Thanks for letting me know 👍

    • @Omegazelll
      @Omegazelll 4 года назад +11

      I literally put my first thousand euros (I'm 21) on the stock market last Wednesday. Every day I see its value drop (already -13%), i kinda laugh it off for now as this is not money I need to live but i start to think I started investing at the worst possible moment. But in my head i'm like "Buy and hold... then buy and hold then buy.... and hold". Just hope it pays off in the end.

  • @resolutecapital898
    @resolutecapital898 4 года назад +1

    Having a second income source by 30 is a fantastic goal! That is one of our favorite things you said in this video. If you have a second income source, you can have freedom to have peace of mind knowing that if you lost your job or wanted to quit, you wouldn't be up a creek. You could still get by because you are getting income from another source.

  • @truecanadian6905
    @truecanadian6905 4 года назад +1

    30 years old, 3 properties (1 for living, 2 for investment).Some Vanguard ETF on hands. I believe I am on the right track, but still have a long way to go. Thank you, Graham, for the inspiration & knowledge!

  • @ThinkMoneyBenny
    @ThinkMoneyBenny 4 года назад +78

    Me: I’m going to crush this list
    Also Me: 0/5 on this list 🤦‍♂️

  • @CALI93930
    @CALI93930 4 года назад +105

    I just took the first step, just opened a discover it Credit card to start my credit score 😁

    • @IlliaDoroshenko
      @IlliaDoroshenko 4 года назад +12

      Nice! I had discover secured for just under 7 months and got 750 credit score on experian and 767 on transunion.

    • @RealLifeMoney
      @RealLifeMoney 4 года назад +1

      NICE! Great pick with discover, that was my first as well :)

    • @shoe7393
      @shoe7393 4 года назад +1

      Opened mine a few months ago and my credit score is already pretty good thanks to watching Graham’s videos 👍

    • @shoe7393
      @shoe7393 4 года назад

      💳

    • @utuber3476
      @utuber3476 4 года назад +2

      I did this too a year ago starting with 0 credit history and now my score is 750. Thanks graham :p

  • @Churles
    @Churles 4 года назад +7

    2 months before 20 and already hit 750! I think that’s cool af 😂

  • @biggoober2499
    @biggoober2499 4 года назад +1

    GRAHAM YOU'RE IN JUBILEE'S new episode ahhhhh

  • @gegeunique8257
    @gegeunique8257 4 года назад +1

    Im 18 and doing everything possible that will set me better financially😤

  • @GenZInvestor
    @GenZInvestor 4 года назад +5

    I really like the point of having 18 months worth of expenses! I think it is an excellent starting point for anyone to achieve!

  • @mY_tRuTh
    @mY_tRuTh 4 года назад +6

    When your income equals expenses and tax , savings becomes a second thought.

  • @travisfein
    @travisfein 4 года назад +5

    Woah I was just shocked seeing the apartment at 3:17. I was involved with the sale of that penthouse, that's awesome to see in your video!

  • @xanderk704
    @xanderk704 4 года назад +2

    I love how you put a summary of the 5 milestones in the end, nice work!!

  • @philp6560
    @philp6560 4 года назад

    Right, having just a single source of income makes you vulnerable. It's better to be prepared. Who knows what expects us in the future.

  • @tabba1376
    @tabba1376 4 года назад +6

    *Me:* Been subbed here for a year, never miss a video, most I watch a few times, I'm subbed, the bell is on, I know this guy and channel so well.
    *Also me:* 5 seconds in and I realize I was totally baited by the thumbnail like it's my first time here. 🤣😂🤣😂

  • @ReggieBryant
    @ReggieBryant 4 года назад +7

    Incredible video. I love the distinction between good and bad debt.
    My biggest Takeaway is to have 1.5 years of expenses invested. I also enjoyed the fact that you spoke about how expenses DO NOT need to change just because your salary goes up. That’s something I express a lot on my own channel.
    Amazing job, Graham!!

  • @dailydrivenH2
    @dailydrivenH2 4 года назад +5

    Back in my 20s My financial Goal was Beer money for the weekend 👌 love your videos man

  • @LeviDocs
    @LeviDocs Год назад

    Been watching you since you had 200-300k and I was 16. I’m 21 now. I saved 10k then lost it at 18/19 and tanked my credit being a dummy. I’m 21 now making close to 100k a year saving 2500$/month while going to school debt free. My net worth is back at that 10k mark. I’m heavily considering RUclips (Finance/Career Docs) as a side gig.
    Just want to say thanks. You helped me a lot so far. When it comes to financial education you were one of my only teachers.

  • @bradhardman3693
    @bradhardman3693 3 года назад

    I’m so glad he makes these videos! There is too many people who don’t know ANYTHING about the real world until they are thrown into the real world with out the tools to build their net worth!!

  • @OwolabbyAzeez
    @OwolabbyAzeez 4 года назад +13

    Did y’all know it’s impossible to breathe while smiling?? 👀 🤧
    Kidding just wanted y’all to smile. If you’re reading this bruv (or bruvette), understand that you are amazing bro, have a blessed day and don’t let nobody ruin your day bro. Stack and act broke. Get ya bread and all the crumbs too. 💰💯🙏🏾

    • @RockySchartner
      @RockySchartner 4 года назад

      Owolabby Azeez awesome comment man!!

    • @Blottski
      @Blottski 4 года назад

      The internet/world needs more people like you

  • @boreddrawer0428
    @boreddrawer0428 4 года назад +1110

    I wish the like would smash me

  • @creylacoste4981
    @creylacoste4981 4 года назад +59

    Dear algorithm, I am forever in your service

  • @garrettsmith6549
    @garrettsmith6549 4 года назад

    my current position for these goals.
    1. 729 credit score
    2. working on refinancing my car loan. (currently at 11% rate for being young and stupidly buying a new car)
    3. I have 1 year of expenses invested currently
    4. Swing Trading on the side of my career position
    5. saving 20% of my income
    I am 22 years old. Live in Tennessee! just recently started though and glad to be here :]

  • @19abhishek97
    @19abhishek97 4 года назад +1

    Graham is the grandpa we don’t have but the one we need.

  • @dragontec48
    @dragontec48 4 года назад +13

    Graham... you should make a video about financial goals to have when you graduate college or while you're in college.

  • @TyDyeStudios
    @TyDyeStudios 4 года назад +3

    Too many ads interrupting that sweet video content! Would rather have just one ad at the beginning and one at the end

  • @MRZEROTOINFINITY
    @MRZEROTOINFINITY 4 года назад +9

    I believe having multiple streams of income while you sleep is the true game changer to growing wealth 🚀📈😎

  • @BREEZYM6015
    @BREEZYM6015 4 года назад +1

    This works great if you're single and have no kids. For someone like me who is married, has a son, and is the only income in the household, this is far easier said than done. As far as getting a second job goes, that isn't possible for me. I have a full time job and work from 10 PM to 8 AM so I have to try to sleep during the day plus I do a lot of errand running on my days off and it takes me longer to do because we don't have a car. Combine that with doing the house cleaning and my days off are pretty much booked. While I agree that everyone should have money saved up for emergencies and for retirement, I think that you may be putting a little too much emphasis on money. I mean, how much money is enough? I don't see the need for someone who is classified as a millionaire to be working around the clock with the focus on making more money. Money is a tool to help make life easier but it shouldn't be the sole focus. But what do I know at 47 years old? Not much I suppose. I'm surprised you didn't mention getting an education. Unless these five goals are assuming one has already gotten a degree. Maybe getting an education is overrated and not very important when it comes to making more money. And lastly, what's up with the fancy car being in the thumbnail? Sure, I'll never be able to buy one of those but that doesn't matter to me. What matters is spending as much time with my son and making sure his needs are met. Material things fade away but time spent with family creates memories that will last forever. Good luck to you and all who are achieving or who have achieved these financial goals before 30.

  • @vedantgupta9092
    @vedantgupta9092 4 года назад +1

    Hello sir I'm a 16 year old and I have started learning codeing I plan to build a tech company and invest in real estate. God bless you and your family.Who ever is reading this I hope you all achieve your wildest dream.

  • @iwwanly1544
    @iwwanly1544 4 года назад +4

    I'm in the mid twenties and I haven't achieved any of what you mentioned 😭 but now I swear I have the dedication to do this and I'm gonna do it and I'll keep coming back to this video to help me achieve it, thanks Graham for a great video 😊👍

  • @Somethingsomething398
    @Somethingsomething398 4 года назад +9

    "Watching cat videos - yeah, me neither"
    Thumbs. Up.

  • @Sultanrx
    @Sultanrx 4 года назад +6

    You forgot
    Sixth: by the age of 30 you should aim to have smashed all the like buttons of G P Stephans videos!

  • @ellenwestover8111
    @ellenwestover8111 4 года назад +1

    I’m 24 and should be bad debt free next year. Then on to investing! Thanks for a great video!

  • @frostyphoenix1278
    @frostyphoenix1278 4 года назад +1

    I smashed the like button last year and then the RUclips algorithm rained financial advice down on me. Now I have a plan for financial stability after graduating college.

  • @L0Wmusics
    @L0Wmusics 4 года назад +6

    Just saw you on the "do all millionares think the same?" Video, I really like the way you carried yourself in the video. You earned a subscriber!

  • @AsikaBros
    @AsikaBros 4 года назад +3

    Love the thumbnail

  • @kevinpatterson23
    @kevinpatterson23 4 года назад +23

    happy to say I've achieved these goals by 26 :)

  • @SashaStowers
    @SashaStowers 4 года назад +2

    I like #3. I’m always very skeptical of rules of thumb where salary is the yard stick. Even retirement calculators use your salary for retirement planning. I think the problem is that most people know their salary, but very few people actually track their spending and expenses.

  • @aijiading5168
    @aijiading5168 4 года назад +1

    Graham is so genuine and helpful for these tips! I am inspired to get rid of my bad debts in the first place!

  • @grantwalker4555
    @grantwalker4555 4 года назад +4

    Graham: You should save 25% of your income.
    Me: *Disappointed when I miss my 80% savings goal*

  • @breezy907
    @breezy907 4 года назад +41

    Me: getting annoyed everytime Graham tells me to smash the like button
    Also me: smashes like button
    Great content!

  • @jakethompson172
    @jakethompson172 4 года назад +4

    As a 16 year old im getting ready for all of these goals early..... AND smashed the like button for the yt algorithm

    • @bessiebuddy7951
      @bessiebuddy7951 4 года назад +2

      Same! Best to be prepared because it’s not like school is gonna teach us :)

    • @jakethompson172
      @jakethompson172 4 года назад +1

      @@bessiebuddy7951 very true

  • @fatguy9
    @fatguy9 4 года назад +1

    Im taking every high risk with money until im near my 30s, worse case scenario ill make more money from my career and actually save a good amount for retirement. I think a lot of people should take risks while theyre in their 20s (before having kids and a family) because youll never get a chance like that again

  • @aryder2113
    @aryder2113 4 года назад

    Nobody around me has known how to get a grip on money so
    I am VERY thankful that you post videos!

  • @deborahmariajose9550
    @deborahmariajose9550 4 года назад +10

    Investing money that is not needed to cover expenses is the primary method for accruing wealth faster than any other single strategy, Ultimately, that's the secret of getting Rich! as a beginner I kept losing money but so far I’ve made $360,000 net profit from my $100,000 its been a gradual process but I’m getting better each day and your videos really put me on the right path to success.

    • @leroyleveille5922
      @leroyleveille5922 4 года назад

      Can’t wait to be at this point 🙏🏻 I have been doing things myself and i'm not happy with my portfolio so what strategy and pattern did you apply in order to start making consistent profit from your investment?

    • @deborahmariajose9550
      @deborahmariajose9550 4 года назад +1

      i'm actually still developing my own strategy, but for now i'm investing with the guidance of a SEC regulated investment adviser Caroline Kelly Sarin, she has been guiding me on how to make consistent profit. I am comfortable as I have increased exposure as well my investment adding profit.

    • @kristiankristensen9582
      @kristiankristensen9582 4 года назад

      I hope it's not a drug deal

    • @benjaminlee876
      @benjaminlee876 4 года назад

      Hmm this new.. How much amount should we have to invest with her?
      Also apart from investments what is your broker's fee or cut with the profits? thanks

    • @samuelandrejew2095
      @samuelandrejew2095 4 года назад +1

      oh wow😮 I read about her on commentary on Tim Sykes video her teaching focuses on rules-based strategies and analysis and how to approach trading "properly" and holistically. I didn't know she offer these services.. can i get more information about her and how can i reach her?

  • @alexandruulici-buyingfreed9118
    @alexandruulici-buyingfreed9118 4 года назад +9

    Had to demolish the like button for that Smash the like button shot!

  • @freyastears
    @freyastears 4 года назад +3

    Why were you so quiet in the Jubilee video?

    • @tatianamaccord7086
      @tatianamaccord7086 4 года назад

      Ranedom I'm getting the sum of 10,000 USD dollars every single day with the help of a blank ATM CARD given to me by hacker Justus

  • @rogerguerra2657
    @rogerguerra2657 4 года назад

    You’re the only RUclipsr that I would gladly hit the like button for just because of how happy you are when you say to hit the like button.

  • @barrylawrence8329
    @barrylawrence8329 4 года назад

    You're the man Graham. Easy to understand & more importantly.. I believe what you say. You seem honest. I'm not much of a RUclipsr but i watch you.

  • @danette3689
    @danette3689 4 года назад +99

    You’re a Graham fan when you smash that like button within 20 minutes of being uploaded! 👌🤑

  • @botox8129
    @botox8129 4 года назад +11

    Mom: Take out the trash and then you can watch TV.
    Graham: Smash the like button and then I got a nice vid for ya.

  • @AboutAysha
    @AboutAysha 4 года назад +5

    Wow, I actually feel like I'm on track to hit all of these before 30. I feel good!

    • @GrahamStephan
      @GrahamStephan  4 года назад +1

      EPICCC

    • @TheGolfClan
      @TheGolfClan 4 года назад +1

      That is impressive. I see that you also put out RUclips content - will check out your channel and subscribe!

    • @AboutAysha
      @AboutAysha 4 года назад

      @@TheGolfClan thank you so much!

    • @AboutAysha
      @AboutAysha 4 года назад

      @@GrahamStephan WOO!

    • @TheGolfClan
      @TheGolfClan 4 года назад +1

      @@AboutAysha of course, just subbed! I'm also on the road to 500 subs, but you're much closer. Keep at it!

  • @user-bm6wu9zw9m
    @user-bm6wu9zw9m 4 года назад +1

    I smashed the like button because everything you said is pure gold.

  • @pfyangs
    @pfyangs 4 года назад

    Graham what on earth made you think I was already financially savvy? Like button smashed- self esteem raised

  • @rubencarrillo1641
    @rubencarrillo1641 4 года назад +4

    My credit score is 750 :) and have $10,700 line between 4 cards and i JUST turned 21

  • @AaronCrowder
    @AaronCrowder 4 года назад +525

    All jokes aside though, do you think the market is in for a crash/recession due to the coronavirus? Everything is plummeting and all my investments are taking hits, but I just gotta stick with it and buy when everything's low because it's basically on sale. I'm just nervous cus I don't exactly know what to do as of right now.

    • @marshallmathers8672
      @marshallmathers8672 4 года назад +73

      i don't even know man, my portfolio is tanking.

    • @christopherdunn2828
      @christopherdunn2828 4 года назад +14

      I subscribed to you to watch them stock updates and to see where to possibly put mine. Hoping everything goes well for us and coronavirus can be taken care of.

    • @angelabarnard929
      @angelabarnard929 4 года назад +199

      As I heard a saying, be greedy when everyone's scared and be scared when everyone's greedy

    • @AaronCrowder
      @AaronCrowder 4 года назад +15

      @@angelabarnard929 Ahhh, I love it. Are you invested in the market? If so what are you thinking of doing right now as my portfolio is down 20%.

    • @billybadass8690
      @billybadass8690 4 года назад +66

      If you’re investing in index funds, keep investing as if nothing happened. If you’re investing in individual stocks, make sure the companies you are holding have high ROE (10% of more) and a reasonably low amount of debt (cash to debt ratio at least .50). The market will recover quicker than you think.

  • @philspaghet
    @philspaghet 4 года назад +8

    I'm definitely taking all this advice! I opened a Discover IT card a year ago and I've just been charging small things (like lunch or car tools) under 20% my limit and paying it off as soon as possible. I also got a second card that gives me perks on car parts spending which is handy because I do that a lot more than most people lol
    I am an engineering major so I plan to live with my folks for a year or two until I have enough saved up to look for buying property. Not before I buy my dream AE86 tho (big personal goal of mine, the cars are always going up in price so best to do it as soon as possible, shouldn't cost more than $10k hopefully)

    • @IlliaDoroshenko
      @IlliaDoroshenko 4 года назад

      I got 750+ credit score in 6 months with discover it secured. PS I like your plan.

    • @ShadeMiller
      @ShadeMiller 4 года назад +1

      Buy that car with cash lol

  • @KathrineAnnVlogs
    @KathrineAnnVlogs 4 года назад

    Very happy to announce I just booked my first FREE trip due to credit card churning. I wouldn't have known about it if it werent for you, Graham. Thank you!

  • @FrederickHenriquez
    @FrederickHenriquez 4 года назад

    One of the best videos so far! I’m just sorry that I’m 31 already but will work towards the same goal!

  • @RealLifeMoney
    @RealLifeMoney 4 года назад +3

    These rules are SOOO much better, love the create a 2nd income addition as well. On track right behind you Graham!
    And of course smashing the like button for financial reasons ;)

  • @CALEBBYPRODUCTIONS
    @CALEBBYPRODUCTIONS 4 года назад +4

    Dang, Im gonna do well.
    Cos I smashed the like button! 😂

  • @aahilali2587
    @aahilali2587 4 года назад +20

    Can u do a video over what you should do when you turn 18 with about 2,000 in a bank account

    • @papihuey
      @papihuey 4 года назад

      yeah good idea

    • @ImHimEli
      @ImHimEli 4 года назад

      Aahil Zahir flip things on eBay, learn a trade, getting a sales job.. just a few options for you young one

    • @gamblingoptions
      @gamblingoptions 4 года назад

      Hm, that was kinda me too. Depends on what you wanna do with the money but definitely get a credit card. The sooner the better. You can get a secured credit card with any amount you choose. I put 500 in and I’m just building my credit. Another thing you can do is put a small amount of it (however much you want) into the stock market and see what you do. I think Graham made a similar video before called how to invest your first 1k. He mentions buying books too like think and grow rich and 4 hour work week. I’m a college student but I’m also a board member of the financial literacy club at UCI so I’ve done some research.
      I’m not giving financial advice btw, so dyor. Gl :)

  • @fredtheafricanpianist5935
    @fredtheafricanpianist5935 4 года назад

    How does anyone dislike this? Fantastic valuable advice, and strongly admire that youre frugal, despite your riches. Youve helped me a lot, even from my home country Nigeria. Started investing since i listened to you, save/invest all my bonuses and allowances. All the best

  • @GreatRockRealEstateDenver
    @GreatRockRealEstateDenver 4 года назад

    My 24yr old son said he was watching your channel and thought you were the real deal and asked me to check your channel out. I must say you are hitting it out of the park and are a great inspiration to our younger generation! My wife and I made our first million in real estate and can not recommend it enough. Keep up the good work Graham. BTW #6 could be "DO EPIC SH*T".

  • @franknills9879
    @franknills9879 4 года назад +5

    I love watching Dean Graciosi pay Graham for being on his ads

    • @GrahamStephan
      @GrahamStephan  4 года назад +4

      He's the one who's paying for all this 20 cent iced coffee now!

  • @obama7325
    @obama7325 4 года назад +4

    I just got a 57 minute ad usually i watch the ads for graham but that’s too much time

  • @LidoBombs2
    @LidoBombs2 4 года назад +12

    Ima failure.. lack of financial literacy/ homeless and jail in my 20’s fml. Graham’s my hero.

    • @RealLifeMoney
      @RealLifeMoney 4 года назад +5

      We are all in control of our live from here on my friend! :)

    • @LidoBombs2
      @LidoBombs2 4 года назад

      Nick Scuderi - RealLife Money definitely ! 😎 👍👍💰💰

    • @soscat7244
      @soscat7244 4 года назад +3

      I prefer jail in us than living in morocco with 300 dollars a month guys you have the opportunity and the advantage living in us ( be grathful Plz ) :/

    • @kiwizlucks4947
      @kiwizlucks4947 4 года назад +1

      SoS CaT your not gonna make money in jail in the us lmao, move to the United States if you hate living there so much, more opportunities here definitely but you can barely live here in California making 2000 a month

    • @soscat7244
      @soscat7244 4 года назад

      @@kiwizlucks4947 i have 10000$ in my bank Account i hope moving To us but it s impossible

  • @ByRaymondFerguson
    @ByRaymondFerguson 4 года назад

    These goals will take some grit but it’s good they’re out in the open. Useful. Good luck people. I’m 29 and have 700 score, about 20k in markets per se, 2 businesses one of which is a real estate brokerage , and save about 10% of income. I am behind on this list but feels good to continue to work toward a worthy ideal!

  • @marcusgaribay43
    @marcusgaribay43 4 года назад +1

    love the content but the placement of your ads feels like im watching a damn reality tv show xD