1) Pay off all high interest debt 0:20 2) Have a 6 month emergency fund 1:11 3) invest 10+% of salary 3:05 4) Have monthly money meetings with your partner 6:06 5) save more (a buffer) than cost of large purchases 8:37 6) donate 1% of your salary 10:22 7) make a 10 year bucket list 12:01
1 Year away from 30 and I am so glad I found you when I was 28. I have completely changed my outlook on money and finances. I will actually be net worth positive by 30 and I am so excited for the future. Thank you! :)
Im 16 years old, currently working a studentjob for 500 dollars investing all of it. Keep going like you are right now and Thank You for ur advice! ❤ :)
I'm 37 years old. 110,000 in debt. doing everything I can to put every penny I have towards paying that down and then hopefully by the time I am 45 I will have been able to have saved up an emergency fund and pay down my debt. it's a late start but better than no start at all
Tackle the high interest debt and then build an emergency fund. The low interest stuff can be the last thing you pay down after you start investing. Don’t miss out on compound growth.
Thats Rough man, I had 60k debt at 35. One trick is look at your credit cards which are charging interest. Then look to transfer their balance onto another lenders card which offers a period of 0% on balance transfers. You'll then be putting more $$ on the base debt rather than the interest (which is high at 100k debt). Just make sure you cancel the old cards or you'll be tempted to use them. Also, sell any expensive cars and buy a cheap one.
I’m 37 too and have about $120K. 90% of that is student loans. You’re not alone. Outside of my 401(K), I only started investing and meaningfully saving last year. We’ll get there! Thank you for sharing this!
Got debt free at 37 & within the next year hit the $100000 retirement total milestone while growing the accounts with contributions. Hoping my 40s gets my accounts to bigger numbers & other first time milestones to achieve.
Wow it’s a relief to know I’m more on track than I thought at 26. I’m grateful for everything and everyone that has allowed me to be in a decent position.
This is pretty similar to Money Guy. No debt except the mortgage, 6mo emergency fund, Save/invest 25%, do a financial audit with your loved ones, save in advance for big purchases, be giving especially to your community. I was generally expecting something that was exactly the same. No shade to you or Money Guy. It's just that the best fintubers tend to say the same thing, which is definitely a good thing. Though the 10 year bucket list caught me pleasantly off guard. I love that idea!
I clicked reluctantly because normally these videos make me feel so behind , but I loved it! Actionable steps and no guilt trip because we haven’t saved already 300K !
I am 30. I’ll have my high interest debt paid off in March, I’ve been saving 15% to 401 since I was 27 and will be bumping up to 20% once my deb is gone. I need to work on a 6 month emergency fund. We have about 3 right now. We also meet every month to go over budget. We make it fun by getting breakfast (all in the budget of course 😉) Thank you!!
This was awesome! Could you do one for your 20s, please? Turning 25 and hoping to get financially confident and independent this year! Congrats to all the 30-somethings and beyond making your rich life happen!! Looking forward to it! It feels the best to be in control :)
It is the same logic more or less Don’t go into debt, if you still live with your parents, invest almost all what is left for example (money or skill), etc.
Love the bit about giving back. Im currently a student so dont have the money to give but instead I do it with my time by fostering dogs. Hopefully once i graduate i can give financially too
As someone who went to grad school in their late 20s into early 30s, got diagnosed with a serious medical condition in grad school, and graduated right before the pandemic so was out of work for awhile to begin my career, I am very behind financially for my 30s so too scared to actually watch this video lol. Just giving some engagement and views. Enjoying the book so far Ramit!
I am a mom of 2 in college, on a journey to financial freedom. I should be consumer debt free soon and I am very excited. So I am currently in phase one of these milestones.
This video could not have come at a better time. I will definetely rewatch this for sure. Definetely made it a goal to change my financial situation in my 30s. Thank you ❤ ❤❤❤
Because you're the ones that finally woke up from that fever dream called your 20s, and realized you are not invincible, nor did you join the 27 club, and you should probably start planning out your life like you will be there for it, and are watching every single financial video ever created. Ask me how I know. 😅
1. Pay off credit card debt 2. Save up a 6 mos emergency fund 3. Invest 10% of your paycheck and increase by 1% 4. Monthly money meetings check IN 5. Save a buffer for each large purchases using percentages 6. Donate 1% of your salary 7. Make a 10 year bucket list and plan it don’t just dream it build in a buffer take 10 mins 8.
I love all your content and buy your books. It just happened for me to be in my 30s and have a Jeep Compass. By the way, I never have any issues with it. Lol😂 Ramit is spying on us. Keep up the good work! Much love from 🇭🇹
I’m 36 now and so thankful for this video I honestly never was taught this type of information which is super helpful and I’m so glad I subscribed to you today. Sapan
We do something similar than the monthly meeting but in a more pragmatic way. My partner and I don't have a joined account so to avoid having one paying more than the other, we made an excel document. In this doc, we track monthly our spendings, the categories, who paid and for who, as well as tracking savings. We have some neat diagrams, color coding and automated formula and add/merge categories on the go depending on our need. At the end it spits out who owe how much to whom. We have a quick look together to see if we haven't missed anything, discuss some outstanding points like "I guess 15% expense in restaurants is too much, let's be more careful next month" or "Oh I noticed that you didn't saved anything this month, maybe you should do it now?", and do the bank transfer to settle the document then carry on with our lives.
3 Things That Helped Me Achieve Wealth: 1. I stopped telling myself, "I'll do it tomorrow." 2. I started watching motivational videos. 3. I read a book called Forbidden Money Behind Closed Doors
This is excellent! Would love to see a video about milestones in your 40s. (I've done everything except bucket list and charitable contributions). This video was very inspiring.
I don’t donate a lot of money to charity. But I am a breastfeeding support volunteer who goes to visit people in their homes. I’ve also donated my milk, blood and hair to a cancer charity.
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Ramit + Editor - could we get chapter time codes in the description? It would really help when I'm showing these videos to my others and finding the parts I really need them to see
This video is a game-changer! So much helpful information packed into one clip. I personally don't like promoting anything in comments, but I simply have to share with you a book called The Gilded Nexus of Prosperity, that book changed my approach to money, the methods in that book are impressive
One year emergency fund for me is the long term goal. Having that now is has removed a lot of stress. I’m in a highly volatile sales profession so employment could end at any point but I sleep well knowing I can take a year to find another job
Great episode! I thoroughly enjoy the concept of "Coast FIRE". Would you be able to make an entire RUclips episode dedicated to that? Discuss different targets based on different ages and how much you need at each stage to reach XYZ target for retirement.
Transforming $6.5k into $15k is nothing short of astonishing. Just few days into this new year I grew $5,000 to $27,000. Proudly learning from you sir. Thank you ❤
Im 18 years old boy, who train a lot , who work a lot on himself to make his best version, i ve watched your netflix series, im working,making money, and investing as much as i can, networking, and etc.. but what else do you suggest that the financial things this 18 y o boy should achieve before 30s?
Save what you can and enjoy your young age. I'm in my mid 20s, learning how to balance my financial goals while still going out with friends and having fun.
I am 34 years old, and I understand the challenges many face with financial burdens. I feel incredibly grateful, blessed, and fortunate to have a mortgage-free house, drive an affordable car without any loans, and finish my education without incurring student debt or credit card bills. I believe that if I can achieve this, anyone can too. It’s important to remember that living below your means, working to increase your income, spending wisely, and investing thoughtfully can make a significant difference. You’re not alone on this journey, and every step you take matters.
Love this straight forward advice: I just maxed out my Roth IRA for this year and have my funds lined up for the next fives months. I just have trouble planning and budgeting because I can go for weeks without spending much and then just spend when I'm out and about on dinners and etc. How do I plan for those kind of things when it's usually spontaneous?
Starting a little late at almost 34 years old but just became debt free 2 days ago after paying off a $44k student loan in 14mo and now we're saving and investing 33% of our income after doubling our salaries moving into tech. Hoping to be caught up as far as net worth by age 40.
Ramit: Looking for your POV on emergency fund. Hopefully helps someone else, too. If we've fully funded 6 months of expenses in a liquid account and other objectives are going well, should we consider drawing down that account to fund Roth, go on that family vacation to Hokkaido, pay for lagging house repairs (not upgrades), etc., to avoid the college taking it all?
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Ms Evelyn Vera🇺🇸..
Same here waking up every 14th of each month to 210,000 dollars it’s a blessing to I and my family… I can now retire knowing that I have a steady income❤️Big gratitude to Ms Evelyn Vera
Im 34 and have about 40k in debt. Doing what I can to get rid of this debt before focusing on emergency fund. I'm hoping to get this debt sorted by the time I'm 37. I'm hoping to have 6 months emergency funds by the time I'm 40. I have 40 a fortnight to start investing to start with and have about 1500 so far. A lot of work ahead, but at least I got started
I'm 53 and was finally able to ditch the debt when I was 47. If I can make a suggestion, I would highly recommend paying off debt and putting away an emergency fund at the same time. Even if it's $50/month to the emergency fund, I would highly recommend it. This way, if an emergency happens, you have a reserve you can tap into and you don't have to go into more debt. Maybe if I had done that in my 30s, I wouldn't have had to sell a condo I loved to pay everything off and start over again.
I’m 28 and so far: ✅have 7 month ER fun in HYSA ✅investing 12% of my income in my 401k ✅have paid off all debt except mortgage and 1 last car loan Hoping to spend my 30s having more freedom in my professional life and chilling out a little.
This is good advice, but I am 44 years old, I will have to go back to my 30s and apply these things. Just kidding but hell yeah great advice overall great goals and milestones overall.
Thanks for the video! Do you have any recommendation about how to make savings buckets & keeping the personal finance ecosystem as lean as possible? Technically one account + excel sheet would be sufficient, but maybe not the most convenient? I have 4 ‘subaccounts' possible in my bank which I all use already, but I don’t feel like multiplying bank accounts if not needed :)
Would you say that assisting low-income friends or extended family members with expenses “counts” toward #6? I know in many cultures there is an expectation of parental support… does that typically make up the bulk of those individuals’ giving / donations?
For the 6 months of emergency funds, what about health insurance? That is going to be more expensive if it's not employee sponsored. Does an adjustment need to be made for that?
I'm 55 years old with not enough set aside for retirement at this point. I have always been curious about the market and have witnessed people who played the game right and retired early. Some claimed they started very small, but their portfolio grew over time. I do have a significant amount but I’m unsure about which strategies or approach to take in order to achieve good returns. I'm open-minded and would appreciate any help or guidance
Thank you for encouraging people to use money as a tool to fulfill their dreams and aspirations. Finance RUclips is too often only about having the highest savings/investing rate and who can spend the least. Also thank you for not making this about some arbitrary net worth milestone
Thank you for recommending Michelle Lisa German on one of your videos. I reached out to her and investing with her has been amazing. I paid off my $529k 15 years loan in 8 months. Now totally debt free 2 paid off rentals. Love having no debt for the last 5 months. Thank you Michelle German
I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing?
You need a pro that is good at navigating the market. Someone like jĺhat company is down 60% + from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to MICHELLE LISA GERMAN.
Awesome video sir I love your content I have been started my csp and go nna be trying to invest in a stock portfolio I am 38 living in Trinidad and Tobago with 1 kid and 1 on the way..saving is hard but your csp is helping will be trying to get your book at pay day as gift to me and my spose God bless have a great day
Hey Ramit, quick question. If my employer contributes 10% of my salary into a 401k automatically without my contribution, does that count for the 10% in investments or do I still need to get to 10% contribution myself in addition to this? I know ultimately I want to invest as much as I can but for right now while I tackle debt, I'm only taking the 10% from my employer and putting in 1% on my own Roth IRA.
If it is one with the match then you want to match that contributions to meet the requirements. Some companies ask to contribute for them to match up to a certain amount/percent.
It's an automatic contribution from the company, no matching required. I've had ones before that require up to a certain % contribution but this one is a bit different. They put in 10% automatically as a benefit.
Don’t ever leave that company haha 10% for free no matter what.. that’s unheard of. I’ll say that free employer contribution doesn’t count because YOU are not putting in the work. The point is to get your savings habits on point and to be disciplined about it.
Checked out your investment calculator and there seems to be a bug on the contributions form field or I am misunderstanding its meaning. Took a minute to find out the problem but couldn’t find the JavaScript updating the field
1) Pay off all high interest debt 0:20
2) Have a 6 month emergency fund 1:11
3) invest 10+% of salary 3:05
4) Have monthly money meetings with your partner 6:06
5) save more (a buffer) than cost of large purchases 8:37
6) donate 1% of your salary 10:22
7) make a 10 year bucket list 12:01
Legend
The real MVP
Bless you🎉
Thanks man I always like a summary
thank you!
1 Year away from 30 and I am so glad I found you when I was 28. I have completely changed my outlook on money and finances. I will actually be net worth positive by 30 and I am so excited for the future. Thank you! :)
Im 16 years old, currently working a studentjob for 500 dollars investing all of it. Keep going like you are right now and Thank You for ur advice! ❤ :)
I'm 37 years old. 110,000 in debt. doing everything I can to put every penny I have towards paying that down and then hopefully by the time I am 45 I will have been able to have saved up an emergency fund and pay down my debt. it's a late start but better than no start at all
Exactly right, better late than never, keep up the great work!
Tackle the high interest debt and then build an emergency fund. The low interest stuff can be the last thing you pay down after you start investing.
Don’t miss out on compound growth.
I was just about to say what @ItsFreshCut just said. It's a more realistic approach.
Thats Rough man, I had 60k debt at 35. One trick is look at your credit cards which are charging interest. Then look to transfer their balance onto another lenders card which offers a period of 0% on balance transfers. You'll then be putting more $$ on the base debt rather than the interest (which is high at 100k debt). Just make sure you cancel the old cards or you'll be tempted to use them. Also, sell any expensive cars and buy a cheap one.
I’m 37 too and have about $120K. 90% of that is student loans. You’re not alone. Outside of my 401(K), I only started investing and meaningfully saving last year. We’ll get there! Thank you for sharing this!
Got debt free at 37 & within the next year hit the $100000 retirement total milestone while growing the accounts with contributions. Hoping my 40s gets my accounts to bigger numbers & other first time milestones to achieve.
I'm about the same. 38, about 100k in 401k. I gained a small cc debt, hoping to pay it off in several months
Wow it’s a relief to know I’m more on track than I thought at 26. I’m grateful for everything and everyone that has allowed me to be in a decent position.
This is pretty similar to Money Guy. No debt except the mortgage, 6mo emergency fund, Save/invest 25%, do a financial audit with your loved ones, save in advance for big purchases, be giving especially to your community. I was generally expecting something that was exactly the same. No shade to you or Money Guy. It's just that the best fintubers tend to say the same thing, which is definitely a good thing. Though the 10 year bucket list caught me pleasantly off guard. I love that idea!
The analogy that your spouse is your business partner and the household is the business is simply amazing. I like the sample agenda. Thanks Ramit
Thank you,
I’m 33 and really working hard on a lot of these topics you discussed.
33 and same.
Glad to know I'm in good company 😌
I clicked reluctantly because normally these videos make me feel so behind , but I loved it! Actionable steps and no guilt trip because we haven’t saved already 300K !
Same! Most relevant 30's video I've seen!
This video is spot on! Books like The Secret Doctrine of Wealth offer more value than years of college. It’s all about self-education.
W book
I am 30. I’ll have my high interest debt paid off in March, I’ve been saving 15% to 401 since I was 27 and will be bumping up to 20% once my deb is gone. I need to work on a 6 month emergency fund. We have about 3 right now. We also meet every month to go over budget. We make it fun by getting breakfast (all in the budget of course 😉) Thank you!!
This was awesome! Could you do one for your 20s, please? Turning 25 and hoping to get financially confident and independent this year! Congrats to all the 30-somethings and beyond making your rich life happen!! Looking forward to it! It feels the best to be in control :)
It is the same logic more or less
Don’t go into debt, if you still live with your parents, invest almost all what is left for example (money or skill), etc.
Love the bit about giving back. Im currently a student so dont have the money to give but instead I do it with my time by fostering dogs. Hopefully once i graduate i can give financially too
Late 30s here, can confirm that giving to charity and volunteering is money well spent
I turned 30 last year, perfect timing Ramit!
I really need Ramit’s guide to hotels featuring all his favorites and why.
As someone who went to grad school in their late 20s into early 30s, got diagnosed with a serious medical condition in grad school, and graduated right before the pandemic so was out of work for awhile to begin my career, I am very behind financially for my 30s so too scared to actually watch this video lol. Just giving some engagement and views. Enjoying the book so far Ramit!
Looking at your numbers is the hardest part. Making the plan is easy. You got this!
I am a mom of 2 in college, on a journey to financial freedom. I should be consumer debt free soon and I am very excited. So I am currently in phase one of these milestones.
This video could not have come at a better time. I will definetely rewatch this for sure. Definetely made it a goal to change my financial situation in my 30s. Thank you ❤ ❤❤❤
How does he know I'm in my 30s!? 😂
It's your data from accounts, etc. RUclips knows that data
It’s probably youtube that decided to recommend you the video, not the creator. I’m in my 30’s too
😂
Because you're the ones that finally woke up from that fever dream called your 20s, and realized you are not invincible, nor did you join the 27 club, and you should probably start planning out your life like you will be there for it, and are watching every single financial video ever created.
Ask me how I know. 😅
Seriously!! Just turned 30 last year lol
I am gonna do the 1% donation starting now! Great advise.
1. Pay off credit card debt
2. Save up a 6 mos emergency fund
3. Invest 10% of your paycheck and increase by 1%
4. Monthly money meetings check IN
5. Save a buffer for each large purchases using percentages
6. Donate 1% of your salary
7. Make a 10 year bucket list and plan it don’t just dream it build in a buffer take 10 mins
8.
wouldnt do 6 or 7. 3 month of actual spending is in my savings account that should be plenty and i invest more like 25-35% off my income.
Thanks a lot! It's valuable info but i don't get why he doesn't put timestamps
I love all your content and buy your books. It just happened for me to be in my 30s and have a Jeep Compass. By the way, I never have any issues with it. Lol😂 Ramit is spying on us. Keep up the good work! Much love from 🇭🇹
I’m 36 now and so thankful for this video I honestly never was taught this type of information which is super helpful and I’m so glad I subscribed to you today.
Sapan
We do something similar than the monthly meeting but in a more pragmatic way.
My partner and I don't have a joined account so to avoid having one paying more than the other, we made an excel document.
In this doc, we track monthly our spendings, the categories, who paid and for who, as well as tracking savings.
We have some neat diagrams, color coding and automated formula and add/merge categories on the go depending on our need. At the end it spits out who owe how much to whom. We have a quick look together to see if we haven't missed anything, discuss some outstanding points like "I guess 15% expense in restaurants is too much, let's be more careful next month" or "Oh I noticed that you didn't saved anything this month, maybe you should do it now?", and do the bank transfer to settle the document then carry on with our lives.
I turn 30 next week! This came at the perfect time
3 Things That Helped Me Achieve Wealth:
1. I stopped telling myself, "I'll do it tomorrow."
2. I started watching motivational videos.
3. I read a book called Forbidden Money Behind Closed Doors
I known about that book my father told me
Ok bot
This is excellent! Would love to see a video about milestones in your 40s. (I've done everything except bucket list and charitable contributions). This video was very inspiring.
My 2013 Ford fusion has been a beast!
203k miles and still going strong! 💪
Yeah, he doesn’t know what he’s talking about. On my 2nd ford edge and they easily hit 200k with no issues.
I don’t donate a lot of money to charity. But I am a breastfeeding support volunteer who goes to visit people in their homes. I’ve also donated my milk, blood and hair to a cancer charity.
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
People dismiss the importance of advisors until they are burned by their own emotions.
I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.
If you are using a really good broker or account manager, it's easier to earn from the market
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Ramit + Editor - could we get chapter time codes in the description? It would really help when I'm showing these videos to my others and finding the parts I really need them to see
Clicked on this video with shaky hand as I near end of 30s
I donate by treating my cousins to a dinner once a month (builds their relationship with each other) and give big tips!
I'm 33 this year and working on debt payment and emergency fund. It's not too late to try, guys.
You're still too young. I'm 36 and I'm working on the too. I'm almost two months of emergency fund savings and credit card debt free this year.
4:13 can you do a video on UK investing?
Oohhh you’re gonna have such a great time in Argentina.
30’s are my worst year. My sister died and depression was a huge factor after. All I wanted to do is spend to get my self out of depression
This video is a game-changer! So much helpful information packed into one clip. I personally don't like promoting anything in comments, but I simply have to share with you a book called The Gilded Nexus of Prosperity, that book changed my approach to money, the methods in that book are impressive
I used some techniques from that book to make money, and I can truly say I'm earning more now
I just turned 30 with $380k invested, 60k in emergency savings and $100k in home equity. What now?
Enjoy life a bit :D Keep doing what you are doing and enjoy a financially independent life when you are ready to retire.
Don't fix what ain't broke.
Congrats! Excellent!
Try to get mortgage free by 45 and keep doing your thing! Congrats
Live your life
Let me borrow $50
I’m heading into my thirties later this month so this is good timing.
Edit: I’m in the 6-7 range so I’ll get cracking on those.
One year emergency fund for me is the long term goal. Having that now is has removed a lot of stress. I’m in a highly volatile sales profession so employment could end at any point but I sleep well knowing I can take a year to find another job
Great episode! I thoroughly enjoy the concept of "Coast FIRE". Would you be able to make an entire RUclips episode dedicated to that? Discuss different targets based on different ages and how much you need at each stage to reach XYZ target for retirement.
Love your Videos Ramit, learning so much since i watch on Netflix. Thank you
Such a helpful video, thank you!
Right on time, excited to see the show tonight!
I've been on and off with cc dept. Played it off several times and went back into debt
I just turned 30 and I'm excited to hear that I'm on the right track!!!
Ramit I think your underestimating the optimal comfort of a Uniqlo sweatshirt…
One great video, thanks Ramit
Let's get into work to accomplish them!! ❤😊
Transforming $6.5k into $15k is nothing short of astonishing. Just few days into this new year I grew $5,000 to $27,000. Proudly learning from you sir. Thank you ❤
I saved 45-50% of my income. I’m 37 years old this year, a mother of 2 and a wife.
Do you live in a low or a high cost of living area?
Im 18 years old boy, who train a lot , who work a lot on himself to make his best version, i ve watched your netflix series, im working,making money, and investing as much as i can, networking, and etc.. but what else do you suggest that the financial things this 18 y o boy should achieve before 30s?
Save what you can and enjoy your young age. I'm in my mid 20s, learning how to balance my financial goals while still going out with friends and having fun.
@@desiv3025yea actually thats what i do as well in my age
God blessss uuuuu!!!! Finally 0 ego
I am 34 years old, and I understand the challenges many face with financial burdens. I feel incredibly grateful, blessed, and fortunate to have a mortgage-free house, drive an affordable car without any loans, and finish my education without incurring student debt or credit card bills. I believe that if I can achieve this, anyone can too. It’s important to remember that living below your means, working to increase your income, spending wisely, and investing thoughtfully can make a significant difference. You’re not alone on this journey, and every step you take matters.
Love this straight forward advice: I just maxed out my Roth IRA for this year and have my funds lined up for the next fives months. I just have trouble planning and budgeting because I can go for weeks without spending much and then just spend when I'm out and about on dinners and etc. How do I plan for those kind of things when it's usually spontaneous?
Our phone knows we are in our 30's
Starting a little late at almost 34 years old but just became debt free 2 days ago after paying off a $44k student loan in 14mo and now we're saving and investing 33% of our income after doubling our salaries moving into tech. Hoping to be caught up as far as net worth by age 40.
OMG! Don't lie to me Ramit. I WILL- be waiting for you and your family in Argentina in 5 years!
Ramit "Your 30s are a critical decade for your money!" Sethi
New investment calculator! I was hoping you would make one. Thank you!
I’m 34 watching this video and I feel so behind in life lol
2:53 is that 10% savings based on gross or net salary?
Net. Ramit has a spreadsheet. It uses net.
Gross. Aim high
Can you make one for achieving milestones in your 20's
Solid utility backing ADX’s potential.
Ramit: Looking for your POV on emergency fund. Hopefully helps someone else, too. If we've fully funded 6 months of expenses in a liquid account and other objectives are going well, should we consider drawing down that account to fund Roth, go on that family vacation to Hokkaido, pay for lagging house repairs (not upgrades), etc., to avoid the college taking it all?
Watching this at twenty three feels like a life hack🤙🏻
Thank you.
A small request sir, can you include child expenses for two from here on forth?
lol this is just a helpful advertisement
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Ms Evelyn Vera🇺🇸..
Same here
waking up every 14th of each
month to 210,000 dollars it’s a blessing to I and my family… I can now retire knowing that I have a steady income❤️Big gratitude to Ms Evelyn Vera
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸. Glory to God.shalom.
@@Stir-i1wYou've achieved so much already. That's next generation wlth.
Wow...I know her too she is a licensed broker and a FINRA agent she is popular in US she is really amazing woman with good skills and experience
It is very encouraging to see Evelyn Vera here, I started with 3k now with good returns.highly recommended..
Im 34 and have about 40k in debt. Doing what I can to get rid of this debt before focusing on emergency fund. I'm hoping to get this debt sorted by the time I'm 37. I'm hoping to have 6 months emergency funds by the time I'm 40. I have 40 a fortnight to start investing to start with and have about 1500 so far.
A lot of work ahead, but at least I got started
I'm 53 and was finally able to ditch the debt when I was 47.
If I can make a suggestion, I would highly recommend paying off debt and putting away an emergency fund at the same time. Even if it's $50/month to the emergency fund, I would highly recommend it.
This way, if an emergency happens, you have a reserve you can tap into and you don't have to go into more debt. Maybe if I had done that in my 30s, I wouldn't have had to sell a condo I loved to pay everything off and start over again.
@@Trix897Thank you for your advice. I'll take that on board
Can you do one for your 40s??
Roughly speaking I have 5 months to do steps 2 onwards.
I’m 28 and so far:
✅have 7 month ER fun in HYSA
✅investing 12% of my income in my 401k
✅have paid off all debt except mortgage and 1 last car loan
Hoping to spend my 30s having more freedom in my professional life and chilling out a little.
I HAD my debt paid off…then I had to hire an attorney.
But I have a plan to pay it and have one card almost paid off.
Turned 40, just checking in to see what I screwed up.
This is good advice, but I am 44 years old, I will have to go back to my 30s and apply these things. Just kidding but hell yeah great advice overall great goals and milestones overall.
Which hotel in Kyoto did you write your book?
lol 😂you are so funny love it. Everything you say is so true 🎉 question 🙋🏼♀️ is there any hope for people older than 30?
Thanks for the video! Do you have any recommendation about how to make savings buckets & keeping the personal finance ecosystem as lean as possible? Technically one account + excel sheet would be sufficient, but maybe not the most convenient? I have 4 ‘subaccounts' possible in my bank which I all use already, but I don’t feel like multiplying bank accounts if not needed :)
ADX could be a game-changer.
Can you do one for 40 yr olds?
What's a good emergency savings account bank?
1 hr club 🎉
I *had* an emergency fund, but my uncle passed five days ago and after paying for the funeral expenses it’s all gone.
The only financial channel where the host will snipe people for paying 50k+ for a fucking Jeep and I appreciate that.
It should be 20% of revenue in savings/investing. It is wild to say donate 10% of the money you saves for yourself
Would you say that assisting low-income friends or extended family members with expenses “counts” toward #6?
I know in many cultures there is an expectation of parental support… does that typically make up the bulk of those individuals’ giving / donations?
For the 6 months of emergency funds, what about health insurance? That is going to be more expensive if it's not employee sponsored. Does an adjustment need to be made for that?
That's what an HSA is for, assuming you have a High Deductible Health Plan. Always max that sucker out every year.
I am glad that i dont have any debt
I'm 55 years old with not enough set aside for retirement at this point. I have always been curious about the market and have witnessed people who played the game right and retired early. Some claimed they started very small, but their portfolio grew over time. I do have a significant amount but I’m unsure about which strategies or approach to take in order to achieve good returns. I'm open-minded and would appreciate any help or guidance
Thank you for encouraging people to use money as a tool to fulfill their dreams and aspirations. Finance RUclips is too often only about having the highest savings/investing rate and who can spend the least. Also thank you for not making this about some arbitrary net worth milestone
Thank you for recommending Michelle Lisa German on one of your videos.
I reached out to her and investing with her has been amazing. I paid off my $529k 15 years loan in 8 months. Now totally debt free 2 paid off rentals. Love having no debt for the last 5 months. Thank you Michelle German
Wow, congratulations on your impressive investment success!
I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing?
Finding yourself a good broker is the same as finding yourself a good wife where you get less stress where you get so much with little to no effort.
You need a pro that is good at navigating the market. Someone like Michelle Lisa German. she trades for me.
You need a pro that is good at navigating the market. Someone like jĺhat company is down 60% + from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to MICHELLE LISA GERMAN.
Awesome video sir I love your content I have been started my csp and go nna be trying to invest in a stock portfolio
I am 38 living in Trinidad and Tobago with 1 kid and 1 on the way..saving is hard but your csp is helping will be trying to get your book at pay day as gift to me and my spose
God bless have a great day
Hey Ramit, quick question. If my employer contributes 10% of my salary into a 401k automatically without my contribution, does that count for the 10% in investments or do I still need to get to 10% contribution myself in addition to this? I know ultimately I want to invest as much as I can but for right now while I tackle debt, I'm only taking the 10% from my employer and putting in 1% on my own Roth IRA.
If it is one with the match then you want to match that contributions to meet the requirements. Some companies ask to contribute for them to match up to a certain amount/percent.
It's an automatic contribution from the company, no matching required. I've had ones before that require up to a certain % contribution but this one is a bit different. They put in 10% automatically as a benefit.
Don’t ever leave that company haha 10% for free no matter what.. that’s unheard of. I’ll say that free employer contribution doesn’t count because YOU are not putting in the work. The point is to get your savings habits on point and to be disciplined about it.
I’ve been doing this since I was 23, I’m rich asf 😂
I am currently doing 15% in my Roth 401 with my job and matach at 5%.
Should I still increase my investing %?
@@paulsmith294 yes
That’s amazing.
Omg I thought my job was bad. 1/3 match
If you can then 7000 in roth and 23000 in 401k is the amount one can save.. if you can afford to save it then why not.
This guy governments
Checked out your investment calculator and there seems to be a bug on the contributions form field or I am misunderstanding its meaning. Took a minute to find out the problem but couldn’t find the JavaScript updating the field