Okay, but, like. You need consumer debt to build credit. Just pay your shit off before you get whacked with interest. If you put it off (as you feel inclined to do with little $) you mess yourself up badly by having no credit age later.
my big splurg when i got my first job after college was a 3.5k mattress and fram. may be excessive, but i figure if i spend a third of my life on it, then its worth it. i also always by the best carpet padding… cheap carpeting but the best carpet padding. May have an unhealthy obsession with carpet
I’m 25 and a union electrician, our monthly contribution to our pension is about $3,000, as of right now I have about $31,000. Should I be investing more money from my actual paycheck?
Just turned 30 and have a job that grew into 100k per year. Even with our blessings I don’t see how people make it. The median house in my area is around 350k, and we just started our emergency fund. How am I supposed to save for emergencies, a house downpayment, and retirement? Bills come out to 60% of my income, with half of that being rent. 20% savings, and 20% left over.
How would having a pension affect retirement savings. I will make 65% of my highest salary years (not including overtime) how much should I have saved before I retire at 50
Fire is easy if you make 100k and grew up poor having to be frugal. I was afraid to spend money then and I'm not used to spending money now and so it builds while I go out and play pickleball with my 25$ starter set
Lifestyle inflation is real haha. I used to live off of $60k just fine. I am now well above $100k, and while I am investing more and what not, I found myself the first 6 month buying kind of dumb stuff. I have a good hold on that now. I got rid of that problem by upping my auto-deposit house payment, car payment (I bought these pre jump in income), upping investment, and retirement. That way what I have left in the bank is my 6 month savings buffer, and a few grand in checking. I figure once a month I can get something "nice" if I have earned it. Something around $200-$500 towards a hobby. I don't go out and drink and eat expensive food so that saves a ton. I still eat rice, tuna, chicken, beef, frozen veggies, protein shakes, etc. All bought in bulk. My gf thinks it's funny, but it's nice having a huge buffer bw the "pay check to pay check" lifestyle.
When saving for emergency fund, should we also consider health care expenditure? so for example, if one loses their job, than we also lose our healthcare. Should that be accounted for in our emergency fund?
that networthify site is from 2013. not to say that the calculations are any different, but there are better ones out there just google net worth calculator
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
Nothing beats the involvement of an expert in any trade or investment, selfishness and greed held many back and they ended up suffering huge losses, and the crypto market- Currencies are no exception.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.
49 comments
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No balls if you aren't doing 100% bitcoin allocation
Okay, but, like. You need consumer debt to build credit. Just pay your shit off before you get whacked with interest. If you put it off (as you feel inclined to do with little $) you mess yourself up badly by having no credit age later.
I need strategies for 9k per year and 4k per year
For the car why 10% of the gross income instead of the net income?
Okay but what about >30k a year
Does the math change much with a 2 player setup or are these recommendations purely based on household income level
7:53 Put that item on hold, jack off, and see if you really still want it once the post-nut clarity hits.
my big splurg when i got my first job after college was a 3.5k mattress and fram. may be excessive, but i figure if i spend a third of my life on it, then its worth it. i also always by the best carpet padding… cheap carpeting but the best carpet padding. May have an unhealthy obsession with carpet
I’m 25 and a union electrician, our monthly contribution to our pension is about $3,000, as of right now I have about $31,000. Should I be investing more money from my actual paycheck?
Love how all of these are "work a second job that makes more than your regular job" and "you aren't allowed to spend any money, all must be saved"
I hit $100,000 last year in 2023. Today in 2024, its now $130,000. Thats a huge jump, and compound interest is now truly snowballing
subscribed!!!
Great video humpboy im more of a short term guy going ater poon while im young and handsome, fuck retirement
Just turned 30 and have a job that grew into 100k per year. Even with our blessings I don’t see how people make it. The median house in my area is around 350k, and we just started our emergency fund. How am I supposed to save for emergencies, a house downpayment, and retirement? Bills come out to 60% of my income, with half of that being rent. 20% savings, and 20% left over.
Lol came here for advice, I am also very familiar with GOW, Mobile Strike, FFXV, etc.
Thank you for the time stamps
How would having a pension affect retirement savings. I will make 65% of my highest salary years (not including overtime) how much should I have saved before I retire at 50
Intel right now is a stock to must buy. Head my word
This is great and all but doesn’t take into account cities you are in where a studio apartment is $2600/month.
Fire is easy if you make 100k and grew up poor having to be frugal. I was afraid to spend money then and I'm not used to spending money now and so it builds while I go out and play pickleball with my 25$ starter set
I got 60k now and I got no where to dump bro, everything is jacked up in the stock market.
Lifestyle inflation is real haha. I used to live off of $60k just fine. I am now well above $100k, and while I am investing more and what not, I found myself the first 6 month buying kind of dumb stuff. I have a good hold on that now. I got rid of that problem by upping my auto-deposit house payment, car payment (I bought these pre jump in income), upping investment, and retirement. That way what I have left in the bank is my 6 month savings buffer, and a few grand in checking. I figure once a month I can get something "nice" if I have earned it. Something around $200-$500 towards a hobby. I don't go out and drink and eat expensive food so that saves a ton. I still eat rice, tuna, chicken, beef, frozen veggies, protein shakes, etc. All bought in bulk. My gf thinks it's funny, but it's nice having a huge buffer bw the "pay check to pay check" lifestyle.
Hahahha this is so unattainable for actually paycheck to paycheck people.
thank God that you respect me Humphrey for only making 40k a year, that really makes a big difference in my life
When saving for emergency fund, should we also consider health care expenditure? so for example, if one loses their job, than we also lose our healthcare. Should that be accounted for in our emergency fund?
that networthify site is from 2013. not to say that the calculations are any different, but there are better ones out there just google net worth calculator
It’s crazy how every YouTuber sponsored by rocket money had a subscription that they forgot.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
i had by now pay later.
Nothing beats the involvement of an expert in any trade or investment, selfishness and greed held many back and they ended up suffering huge losses, and the crypto market- Currencies are no exception.
these guys make videos for dummies. first 2 minutes say it all.
can you do a canadian guide?
This "work your ass off to retire comfortably" mentality really troubles me. Work hard, pay your bills, take care of you family, enjoy life.
$100k is now lower middle class in the USA due to bidenomics
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Great analysis and sharing your knowledge & analysis 🙏
mann here in croatia i have 15000 a year, move from my house and still live good
If you can’t save 10% of your yearly income you shouldn’t be in charge of your own money or just be okay with working until you die.
What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.
750k is not enough to retire. 3M is a good number
question for you that 10% for the car, does that include insurance?
100k isn't even that much tbh
Can anyone recommend a book for financial advices and stock investment?
you worked on clash of kings… cool
Thank you for this
Bros math is INSANE!!! I wonder if he's looking at something or if he's just a calculator