6 Places Where Your Money Needs To Go (Saving Money)

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  • Опубликовано: 14 янв 2025

Комментарии • 202

  • @humphrey
    @humphrey  4 года назад +30

    I was bit PUMPED up on Coffee for this one guys! Can you tell? LOL. Here's my video on How to Save Money: ruclips.net/video/gez544S52vM/видео.html

    • @Chrisstrainss
      @Chrisstrainss 4 года назад +2

      Thank you for all the great videos Humphrey! I can’t wait to see you hit 1 Million!

    • @humphrey
      @humphrey  4 года назад

      @@Chrisstrainss yes sirrrr that would be the dream!!!

    • @patricknormanp
      @patricknormanp 4 года назад +1

      Thanks a lot for these videos and the energy!

    • @macoy321
      @macoy321 2 года назад

      Humprey… is 12-months emergency fund overkill?

  • @sox6076
    @sox6076 3 года назад +112

    Binge watching your videos man and I have learned more from you than I did in finance classes

    • @humphrey
      @humphrey  3 года назад +7

      thank u so much!

  • @bentriulzi1348
    @bentriulzi1348 4 года назад +24

    Fantastic video Humphrey. Keep up the great content. Came across the channel recently. Started my first professional job out of school this past summer. Turns out I was doing essentially an identical strategy with my finances. Had scholarships in undergraduate and graduate school (no student debt) and I bought my car used (no car payment). During the Covid-19 pandemic I was luckily able to work 100% remotely so I was able to end my lease and move home for about 10 months (rent free). Combined with a higher than average salary and not being a huge spender plus these 6 tips I feel incredibly financially secure and responsible. Thanks for helping me get there, Cheers!

    • @humphrey
      @humphrey  4 года назад +4

      Dude Ben that is AWESOME to hear. Smart decision living at home for a bit, nothings really happening with COVID these days anyway (ein terms of fun events, going out, etc). Keep it up !

  • @Notimp0rtant523
    @Notimp0rtant523 3 года назад +27

    This video came out seven months ago but today was the day I needed to watch it. I’m about to log in to my work account and change my payroll to have 10% deposited into Fidelity. You’re so right - if I never see it, I’ll never want to spend it. Thanks for such helpful advice as always

  • @TheAnthonyplasen444
    @TheAnthonyplasen444 4 года назад +85

    20 years old currently have 12 percent going into my sponsored 401k employer has to match my percentage

    • @humphrey
      @humphrey  4 года назад +6

      that is good and awesome.

    • @mahoganyheaven1491
      @mahoganyheaven1491 4 года назад +4

      You are going places kid!

    • @HenryFugate
      @HenryFugate Год назад +7

      That’s an amazing match… My company only matches 50% of up to 4%… So 2% maximum match 😢

    • @eboyer97
      @eboyer97 Год назад +2

      Lol love that y'all's employers match at all

    • @0717iggy
      @0717iggy Год назад +2

      I am 24. I still live at home which is why I am able to save 28% of my paycheck which gets me to the max 401k amount for the year. Am i on the right track?

  • @lisrc3272
    @lisrc3272 4 года назад +20

    I am 18 and first generation American this is so helpful! Thank you :)

    • @humphrey
      @humphrey  4 года назад +2

      Yes Lis :D I am happy it is helping you out!

  • @protem_music
    @protem_music 3 года назад

    Thank you for this information!

  • @terid6708
    @terid6708 8 месяцев назад

    Have always hated "should" and in this case I'll make an exception. It really is important to put aside first, then spend. Thank you for all your help. Wish you were around when I was younger, and it's never too late to fine tune my game. Thank you.

  • @Mersoh
    @Mersoh Год назад

    Thank you for writing out a text summary of the video in the description! I love having a summary of videos so I can jump to the part I'm most interested in right away

  • @dogsavethequeen7689
    @dogsavethequeen7689 4 года назад +30

    The problem with only putting away 10% of the average salary is that in 2060 it's doubtful a mere million will be enough to retire on.

    • @marcusbrown188
      @marcusbrown188 3 года назад +2

      1 million is just 1 million. 10 million is the new 1 million

    • @keviozhu1943
      @keviozhu1943 3 года назад

      1 million invested into passive dividend investments can be a relatively safe and a 5-12% yield. In the US the percentage is high and I'm in Canada and I'm at over 9%. Just on the low end say 5%, that's still 50k a year after retirement, it's a good enough life for sure.

    • @tylerj6264
      @tylerj6264 3 года назад +1

      The comment assumes wages halt today and inflation continues for 40 years

  • @ArmaniV03
    @ArmaniV03 3 года назад +7

    List copied down, thank you for the input. At 27, definitely time to start saving for retirement :)

  • @TheFragmaster7
    @TheFragmaster7 4 года назад +4

    Loving the edits! Keep up the great work Humphrey!

    • @humphrey
      @humphrey  4 года назад

      Thank you brotha!

  • @stevenrakich9423
    @stevenrakich9423 4 года назад +7

    Subscribed. Appreciate all your videos Humphrey. Your recommendations of Rich Dad Poor Dad and The Goal (graphic novel of course) have jumpstarted my thirst for financial literacy and I’m already seeing the effects🙏🏼

    • @humphrey
      @humphrey  4 года назад +1

      Wow Steven, that's amazing to hear... yes those are some of my favorite books. I need to re-read the goal. I highly recommend Naval's book too, that is probably my most re-read book out of all of them.

  • @schunkelperser1794
    @schunkelperser1794 Год назад

    Hump rules! Subscribed!

  • @zer0edgy952
    @zer0edgy952 4 года назад +2

    great video thank you

    • @humphrey
      @humphrey  4 года назад

      You are most welcome.

  • @yangproductions5290
    @yangproductions5290 3 года назад +8

    Been watching your videos for a while now. Just bought my first business and started multiple stock portfolios by the age of 20! Thank you for the inspiration!!!

    • @humphrey
      @humphrey  3 года назад

      LOVE to hear it!

  • @rachelholden3924
    @rachelholden3924 3 года назад +3

    I contribute 10% monthly to a ROTH 401k and 3% with a 3% employer match to a traditional 401k. I'm not 100% sure what I'm doing(just started this year), but I know that I can do this and still contribute to my ROTH IRA and my kiddos UGMA/UTMA, 529s and pay the bills on a single income.

  • @Chernyavskiy
    @Chernyavskiy 4 года назад +15

    Imagine being a person who disliked that video

  • @mattpreuss22
    @mattpreuss22 4 года назад +1

    South Lake Tahoe!!

  • @shaneconcepcion
    @shaneconcepcion 4 года назад +3

    Clear and concise information. Thank you!

    • @humphrey
      @humphrey  4 года назад

      Shane, thank you my man!

  • @RealtorTySanAntonioHomes
    @RealtorTySanAntonioHomes 3 года назад

    honestly you're A GOAT

  • @KodyKarppinen
    @KodyKarppinen 3 года назад

    Your channel is awesome! I'm learning so much from all your videos 👍👍

  • @LaIslaFileTCG
    @LaIslaFileTCG 4 года назад +2

    I suscribed!

    • @humphrey
      @humphrey  4 года назад +1

      Booom! 🍪 for you 😊

  • @indraalapati989
    @indraalapati989 3 года назад +6

    Thank you Humphrey for making this, I have a quick question if employer provides 401k but don’t match should we still put retirement funds in 401k or move them to other individual retirement funds like Roth ? But 10% paycheck is more than Roth IRA limit. I am just confused which one to pick first Roth or 401k. I am thinking to max out Roth IRA first and then put remaining into 401k.

    • @tylerj6264
      @tylerj6264 3 года назад +3

      Max a roth ira, since its tax free in retirement its just like having cash in the bank. Put the rest into a conventional roth or 401k

  • @bilalahmedkhan5876
    @bilalahmedkhan5876 4 года назад +3

    Yo Humphery! your vids are an absolute delight to watch. Do consider starting a podcast would love hear about your thoughts on the developing situation of the global economy in this pandemic, BTW Keep up the good work. ✌

  • @MandyRoams
    @MandyRoams 4 года назад +5

    Do you invest in collectibles? I feel silly buying them sometimes, but luckily have a few that already 5x'd.

    • @humphrey
      @humphrey  4 года назад +3

      Only vintage video games Haha :D

    • @Yugiboii
      @Yugiboii 3 года назад +2

      Don’t sleep on them Blue Eyes White Dragon cards lol

    • @andradeabisai123
      @andradeabisai123 3 года назад

      Beanie babies lol

  • @komfykoala6083
    @komfykoala6083 Год назад

    @8:47 - types of investments (good to remember).

  • @benks464
    @benks464 4 года назад +1

    keep the uploads up!

    • @humphrey
      @humphrey  4 года назад

      You bet! Will do.

  • @chucalissa9231
    @chucalissa9231 3 года назад

    🙌🙌🙌very nice

  • @0xd3960b
    @0xd3960b 3 года назад +2

    you followed these steps just to get outperformed by a 16 yr old flipping jpegs. lmfao, congrats guys

  • @gheecute5573
    @gheecute5573 3 года назад

    Watching not skipping ads

  • @viclucy-personalfinanceinv7533
    @viclucy-personalfinanceinv7533 4 года назад +3

    The banana and ketchup.. great value video Humphrey! :)

  • @thomasharrison4004
    @thomasharrison4004 4 года назад

    First time I've heard of an emergency fund. That's probably the money I use to bank account churning. Helps with the low current APY(.5% also have marcus)

  • @kenziedicken9512
    @kenziedicken9512 4 года назад +1

    love the reputation book in the bg :)

    • @humphrey
      @humphrey  4 года назад

      ooo thank u fellow swiftie.!

  • @fatimajaffer5364
    @fatimajaffer5364 2 года назад

    Hey Humphrey! Been a long time fan of yours, and super grateful for all the content you provide. I'm curious to hear what kind of account you have for an overhead fund? Is it just a normal checkings account? And if you don't mind sharing where as well that would be much appreciated!

  • @MrJeffgonz
    @MrJeffgonz 4 года назад +1

    I keep my emergency funds in two places. 50/50 in Marcus and VSCGX.

    • @humphrey
      @humphrey  4 года назад +1

      Nice. Also a fine choice.

  • @chrisanthony3560
    @chrisanthony3560 3 года назад +9

    Retired with a 7 figure portfolio and Receiving about $43k in dividends. I have been in the Stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy with my FA actually calms me down. Eye on the prize, stay the course!

    • @clairefrewman1456
      @clairefrewman1456 3 года назад

      Growing affluence such a lovely thing to see

    • @chrisanthony3560
      @chrisanthony3560 3 года назад

      she goes by Rita Wildrin Mora, you can search her up to connect with her

  • @benjalbert4101
    @benjalbert4101 4 года назад +8

    Question - I'm a college student who works a part time job that averages anywhere from 20-30 hours a week at $13.50 an hour. Depending on my hours, my weekly paychecks fall anywhere from $200 - $400, usually on the lower end of that range. Would it still be a good idea to allocate 10% of each paycheck towards my Roth IRA, or should I allocate more or less than that? Thanks!

    • @humphrey
      @humphrey  4 года назад +7

      10% would be a good start.

    • @benjalbert4101
      @benjalbert4101 4 года назад

      @@humphrey thanks man, much appreciated

    • @michaeldowning7094
      @michaeldowning7094 3 года назад

      Anything will be better than nothing, even 5% but 10% is a solid number to focus on

    • @PolloConArroz290
      @PolloConArroz290 3 года назад

      @@ayomide1824 ok imposter "helpline"😂😂

  • @nigl2807
    @nigl2807 Год назад

    Nice video. Any suggestions on % goes to which emergency/overhead funds?

  • @AlbertGReene-p8w
    @AlbertGReene-p8w Год назад +98

    Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.

    • @devereauxjnr
      @devereauxjnr Год назад +1

      When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.

    • @SkepticalMechanic-l9x
      @SkepticalMechanic-l9x Год назад +1

      @@viewfromthehighchairr Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.

    • @SkepticalMechanic-l9x
      @SkepticalMechanic-l9x Год назад

      @@viewfromthehighchairr Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @Legacy-Talks
    @Legacy-Talks 4 года назад +5

    Hey Humphrey, great video! I have a question on retirement. I want to retire at age 60, and am currently saving 20% of my income into my 401k. This will get me a little over a million dollars when I reach retirement. Does it make sense for me to use a Roth IRA too? Or should I open a taxable brokerage account, possibly dividend oriented, to increase my standard of living with little bit more income? I've heard some people using both retirement accounts but wanted your opinion

    • @Yugiboii
      @Yugiboii 3 года назад +2

      Open as much as your budget allows, each one is another investing vehicle for compounding interest growth! If you plan to retire at 60, then I would recommend to focus on Roth IRA/HSA first as that grows tax free!!

    • @Yugiboii
      @Yugiboii 3 года назад

      I am fortunate enough to have 401k, Roth IRA, HSA, and a taxable brokerage account 👍

  • @jamesbrooks326
    @jamesbrooks326 3 года назад

    I love your video!! If possible can you make a video about First time purchasing a house and what is some tips they need to know. Thank you very much

  • @simoncharacter01
    @simoncharacter01 2 года назад

    noooo. I want that crewneck sweater your're wearing!!!💯

  • @geogarcia986
    @geogarcia986 3 года назад

    Do you do consultation ?

  • @MrLALakerfan24
    @MrLALakerfan24 3 года назад

    Great video thank you very helpful learned a lot of what I need to do

  • @jakebcamel4543
    @jakebcamel4543 3 года назад +1

    Hey Humphrey, awesome video! What kind of account do you recommend we keep an overhead fund in? A separate account with the same bank as our main checking account?

    • @leakyloki
      @leakyloki 3 года назад

      Commenting to follow along

    • @notreal6032
      @notreal6032 2 года назад +4

      Use the same bank. That way you get instant transfers.

    • @notreal6032
      @notreal6032 2 года назад +3

      @@leakyloki use the same bank that way you can have instant transfers

  • @TheAnthonyplasen444
    @TheAnthonyplasen444 4 года назад +1

    I subscribed

    • @humphrey
      @humphrey  4 года назад +1

      Hell yeah Anthony, thank you my man. Great to see you here from IG.

    • @TheAnthonyplasen444
      @TheAnthonyplasen444 4 года назад

      @@humphrey glad to be here, ready to learn 👍🏽

  • @melaniereeder2349
    @melaniereeder2349 3 года назад

    Also to be included with "Investments" - 529 accounts for education expenses for your children!

  • @jarredkatz1467
    @jarredkatz1467 3 года назад

    Love the idea of an overhead fund- What kind of equities would you put in this?

  • @crayonbox46
    @crayonbox46 Год назад

    Hi there,
    I was wondering if you would recommenct the 50/30/20 rule and if you could quickly explain how each of these steps would fit into that rule.
    Thanks!

  • @johnmoore5678
    @johnmoore5678 4 года назад +3

    Found you on insta, subbed!

    • @humphrey
      @humphrey  4 года назад

      HEYYY John! Nice to see you here. I gotta find you a cookie :)

  • @hananiahpierre-louis1066
    @hananiahpierre-louis1066 3 года назад

    Do you have any order you would recommend a beginner to watch your videos? Could you post a list of video titles that build on another for someone who is new to investment and money management in general to watch?
    Do you create a saving account for each of the funds you mentioned here? Do you have a strategy to deter you from unnecessarily accessing them?

  • @Mjao519
    @Mjao519 4 года назад +3

    Where I live almost one third of my salary goes to taxes. But free schools and cheaper healthcare.

    • @humphrey
      @humphrey  4 года назад

      where do you live!?

    • @Mjao519
      @Mjao519 4 года назад +1

      @@humphrey Sweden 🇸🇪

  • @sekanderbarati5873
    @sekanderbarati5873 4 года назад +2

    I subscribed!

  • @g00gle-
    @g00gle- 4 года назад +1

    Came here through WSJ.

    • @humphrey
      @humphrey  4 года назад

      Nice!!! Great to see you here. Hopefully you enjoyed the wsj piece

  • @ivantorres4885
    @ivantorres4885 4 года назад +1

    I like your crewneck Humphrey!

    • @humphrey
      @humphrey  4 года назад

      Thank you! It’s a Star Wars one

    • @humphrey
      @humphrey  4 года назад

      The imperial side hahaha

  • @Atlmattfan
    @Atlmattfan 4 года назад +1

    Hey Humphrey do you have a video explaining stock mergers and splits, not like the apple split but like company split if that makes sense

    • @humphrey
      @humphrey  4 года назад +1

      I dont but i can def consider those in the future, I dont know much about them and I would want to wait until theres a company that does that and then I'll cover it probably

    • @Atlmattfan
      @Atlmattfan 4 года назад +1

      @@humphrey Right that makes sense. Hopefully we'll be able to see a big one soon. You have great diversity in subjects. Thanks for the good content.

  • @oyasuyutbe1
    @oyasuyutbe1 4 года назад +2

    How do you calculate how much money do I need for Emergency fund for family for 3?

    • @humphrey
      @humphrey  4 года назад +4

      Take your monthly expenses for your family of 3, lets say its $3000, multiply that by 3 - 6 = $9000 to $18000.

  • @jasminehuff9447
    @jasminehuff9447 3 года назад

    I gasped for air when I saw you rip that bill. But love your videos!

  • @SapphireSandwichBoys
    @SapphireSandwichBoys 4 года назад +4

    Hello Mr. Yang.
    I originally found you on TikTok, and you're content was interesting to me because my dad has been really pushing me for financial literacy and an understanding of things such as the stock market, or investing as a whole. I've been a fan for a while now, and one of the things that I'm trying to do currently is gain experience in my field.
    I don't know if this is something you are currently interested in, but I want to edit your videos. I don't want this to be mistaken as a criticism of your current editing, but instead an offer to take that piece of work out of the equation for your content creation. I also plan to work for free, as it's the experience that I'm after and you aren't such a massive channel that I would need paid for it.
    If you already have an editor, or are otherwise not interested, then I understand.
    Thanks for your time.

    • @humphrey
      @humphrey  4 года назад

      Hey sandwich. First of all great name LOL! Second. Thank you for your kind offer. At the moment I’m editing videos myself and I have an editor for some of my videos. Currently I don’t anticipate needing another, but if the need ever arises I will keep you in mind :) there are plenty of other channels looking for editors - Brian Jung is one that comes to mind.

    • @SapphireSandwichBoys
      @SapphireSandwichBoys 4 года назад

      @@humphrey thank you for the response. I look forward to seeing your growth as a content creator.

  • @Seongjinkim
    @Seongjinkim 4 года назад +2

    Nice video Humphrey. Future video request/suggestion - I would like to know your take on crypto (BTC in particular) and how you are investing in them (if any). I have long been bullish on gold (exposure via IAU; don't own any miner tickers), and I have been having solid returns (esp this year). However, more recently I have been hearing that BTC is the "digital gold" with extreme upside. So I'm interested in finding out ways I can invest in BTC indirectly, perhaps via ETF? (I don't think I'm ready for direct exposure yet). Anyways thanks for another great upload man

    • @Seongjinkim
      @Seongjinkim 4 года назад

      Nvm! found your video on BTC :)

    • @humphrey
      @humphrey  4 года назад +3

      hey Seong Jin, great to see you in the comments again. I do have a video on BTC, but not about how it fits into my portfolio. Personally, I have about $20k in BTC/ETH, which represents a little less than 5% of my portfolio. Now keep in mind I bought in with about $5k so my coins have gone up about 4x. Personally I wouldn't invest in it with an ETF, I feel like you can just get direct exposure to it via Coinbase or similar. I would not touch any alt coins, i think BTC/ETH are the most speculative as I would go. BTC seems to be the one thats gonna hold the most value since alot of institutions have adapted it.

    • @Seongjinkim
      @Seongjinkim 4 года назад

      @@humphrey Thanks! I agree that long term exposure is the way to go. It's simply too difficult to time the market given its extreme volatility

  • @User24x
    @User24x 2 года назад

    Where should one keep their Overhead Fund?

  • @jaredlash5002
    @jaredlash5002 2 года назад

    4:01 Wait a minute... Who has prop money just laying around?! :D

  • @jcravath
    @jcravath 2 года назад

    Hi Humphrey, is a retirement plan AND a roth IRA recommended? I don't have a normal job so a Roth should do right?

  • @fredswartley9778
    @fredswartley9778 3 года назад +30

    Shouldn't you have an emergency fund established before investing? Also, I think it's wise to pay off high interest debt before investing.

    • @ggabe2865
      @ggabe2865 3 года назад +6

      He's said both of those things in previous videos

    • @lucasblanc11
      @lucasblanc11 3 года назад +4

      literally what he said in this video…

    • @TheRuggedWay
      @TheRuggedWay 3 года назад +3

      high interest debt, aka "usury" is an abomination

  • @stevenhansen5718
    @stevenhansen5718 3 года назад

    What kind of account do you have your overhead fund in? This would be great to break down in a video.

  • @juggiebonebrain3383
    @juggiebonebrain3383 3 года назад

    I like this. Reminds me to be flexible and attentive.

  • @mrbaboy
    @mrbaboy Год назад

    If company only matches 5%. Do you exceed that percentage?would there be a reasonable n to?

  • @davidlemon3323
    @davidlemon3323 3 года назад

    It is very good video! I like it!
    Thank you

  • @jo-annmacneill6454
    @jo-annmacneill6454 Год назад

    you should address making sure you have enough withheld so you don’t owe the IRS

  • @StephanieStoven
    @StephanieStoven 2 года назад

    What % should I look for when finding a high yield savings account?

  • @jimmydroid7838
    @jimmydroid7838 Год назад

    Not everyone works for a company that offers 401k. In the year 2023 in the good old USA. Most of us are winging it. Good advise tho

  • @joshelite42_50
    @joshelite42_50 4 года назад +2

    Where did you start your roth IRA? Also thank you for your content

    • @humphrey
      @humphrey  4 года назад +1

      Vanguard.

    • @humphrey
      @humphrey  4 года назад +2

      I love Vanguard but it’s not the easiest to use is the only downside. Their customer support is good tho.

    • @joshelite42_50
      @joshelite42_50 4 года назад +1

      @@humphrey 🐐 thank you 🙏🏾

    • @humphrey
      @humphrey  4 года назад

      @@joshelite42_50 no problem

  • @sputnikirvin
    @sputnikirvin 2 года назад

    Wow i see reputation tour vip package

  • @ruben47382
    @ruben47382 Год назад

    With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfolios this quarter. How
    can I profit from the current volatile market,
    I'm still at a crossroads deciding if to liquidate my $120,000 shares on my stock portfolio.

    • @ethanjeremy4031
      @ethanjeremy4031 Год назад

      Investing in stocks is a good idea, a good trading system would puts you through many days of success.

    • @desideriaellena
      @desideriaellena Год назад

      True; the US-Stock
      Market had been on it's longest bull-run
      in history, so the mass hysteria and panic
      is relatable, considering were not
      commonly used to such troubled markets, but as you mentioned there are avenues not prominent around only if you know where to look.
      I've netted over £650k in the past 8
      months and it wasn't some, rocket-science
      strategy I applied , I just knew I needed a
      firm and reliable technique to navigate
      better in these times, so I hired a portfolio advisor..

    • @ramona6446
      @ramona6446 Год назад

      That’s impressive!! I could really use the expert my portfolio has been down lately….. who’s the person guiding you?

    • @desideriaellena
      @desideriaellena Год назад

      Y0u can search & communicate with her 0n 1nstagram with the user name 👇👇

    • @desideriaellena
      @desideriaellena Год назад

      TRADER _ SERRA . CAROLIINA ???🎈🎈

  • @yojimbo87x
    @yojimbo87x 3 года назад +1

    Would you priortize paying off debt vs saving money?

    • @TheHustle-yq4uh
      @TheHustle-yq4uh 2 года назад

      Prioritize paying off debt. your money loses strength each year while debt increases with interest.

  • @aixatello719
    @aixatello719 3 года назад

    Hey, if anyone is feeling KIND and want to impart some wisdom I have some questions!
    I feel like I’ve been a good stewardess with what I have but I have so much to learn about “adulting stuff”! It’s a little frustrating.
    What’s the difference between a 401k and a pension? (I’m a teacher) Which one should I have? I’ve been working for 7 years and this is the first time I’m getting deducted for pension, should I “buy in” the years I’m missing?

    • @aixatello719
      @aixatello719 3 года назад

      Btw I love your videos Humphrey, I’d like you to know that I was inspired to finally get into stocks w one of your Instagram reels and I invested in TESLA. The downside is that I bought them really expensive, and as soon as I bought them they started dropping 😑. I know I knowwww the market fluctuates but man it sucks! Lol

  • @juggiebonebrain3383
    @juggiebonebrain3383 3 года назад +1

    Bananas...& Ketchup

  • @GOATED1973
    @GOATED1973 4 года назад +2

    Humphrey when did you start your retirement plan? it'd be cool if u stare that with us.feel like too old to start at the age of 21

    • @humphrey
      @humphrey  4 года назад

      I started it at age 26, my Roth IRA... so I was a bit slow to getting into it!

    • @GOATED1973
      @GOATED1973 4 года назад +1

      @@humphrey IM NOT LATE THEN!!!

    • @humphrey
      @humphrey  4 года назад

      Not at all brotha!!

    • @chiaraippoliti
      @chiaraippoliti 3 года назад +1

      @@GOATED1973 How can you be too late? Only someone who is 65 or older and has never started would be considered too late.

  • @AlexDom09
    @AlexDom09 Год назад

    Wait, I’m confused about having both an overhead fund and an emergency fund 🙇🏾‍♀️. I’m saving for an emergency fund now and having both would take me from a one year endeavor to a 2 year task. Hmmm.. has anyone done this and seen the benefit?

  • @kitsumekat
    @kitsumekat 3 года назад

    Can this help for someone in their 30s?

  • @peterq9359
    @peterq9359 Год назад

    Huh? did you use to live in NorCal? That sticker sticks out hah

  • @humaskhan8959
    @humaskhan8959 3 года назад

    Where can you see how much the S&P has performed yearly historically? I want to see how consistent a 7% return or growth is for it.

    • @Brandon-fp2tf
      @Brandon-fp2tf 3 года назад

      If you look up s&p 500 you can filter how it’s performed by week, year.. etc

  • @youlilgremlinkun
    @youlilgremlinkun 3 года назад

    Subscribed and liked thanks to the HxH “Wow!” sound effect 😂 Oh as well as the financial wisdom!

  • @SL-rh9og
    @SL-rh9og 3 года назад

    Is this the same guy from myth busters

  • @faratash
    @faratash 4 года назад +2

    I subscribed
    Where’s my cookie @?

    • @humphrey
      @humphrey  4 года назад

      RIGHT HERE BRO. COOKIE

    • @humphrey
      @humphrey  4 года назад +2

      In the future maybe I'll start a cookie brand and you'll be the first to get a free cookie.

    • @faratash
      @faratash 4 года назад +1

      Business idea right there! I’m looking forward to the limited series, first batch, Humphrey cookies lol

    • @humphrey
      @humphrey  4 года назад +1

      @@faratash dude. Great idea. I love cookies too so maybe this will be a real thing in the future

  • @robertlee8613
    @robertlee8613 3 года назад

    Need to link up with Dave Ramsey. He teaches a similar plan

  • @ZhangtheGreat
    @ZhangtheGreat 3 года назад

    Psh, don't listen to Humphrey. I put every paycheck into a money market mutual fund, then reinvest the earnings into foreign currency accounts with compounding interest...and it's gone 😁

  • @mjrvi9866
    @mjrvi9866 Год назад

    So you just have a bigger emergency fund

  • @neillodi9688
    @neillodi9688 2 года назад

    Millionaire by the time you retire, but after inflation….. Will being a millionaire in 2065 be that valuable?

  • @scatman1424
    @scatman1424 Год назад

    im not understanding how you came up with $1.1m from those numbers

  • @rileyush
    @rileyush 2 года назад

    10% on a 48k salary? That’s a lot

  • @calvinspiff4348
    @calvinspiff4348 Год назад

    $1m isn't enough to retire on

  • @brandoncampos84
    @brandoncampos84 4 года назад +2

    I imagine this question has an obvious answer, but how is a 401K affected if you get a new job?

    • @humphrey
      @humphrey  4 года назад +1

      You can roll over your old 401k into your new 401k. Each Employer usually has their own

  • @flashlightfreek
    @flashlightfreek 3 года назад +1

    Let's go Brandon!

  • @jloop_2008
    @jloop_2008 Год назад +2

    Keep Tahoe blue? 😅 Trump 2024.

  • @milndolrman
    @milndolrman 4 года назад +1

    I subscribed

    • @humphrey
      @humphrey  4 года назад

      hello and welcome :) Cookie 4 u! 🍪

  • @andrewp4220
    @andrewp4220 3 года назад

    Subscribed