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How Much Money You Need To Save By EVERY AGE

Vincent Chan 170 views

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Comments

How do you calculate your FIRE number if you've invested all your savings in a house? Do you recommend buying or renting (long term)?
Comment from : @marieferret8868

Do you recommend ever putting all the money you've saved up in buying a house to avoid paying interests on your mortgage ?
Comment from : @marieferret8868

Dang I just found this video and went to the Playbook app but it's no longer in business Are there any other similar companies that help minimize tax?
Comment from : @ExpiredCereal

2:22 If the goal is to be financially better off, the 50 30 20 isn't it
Comment from : @MeakH1

I’m 25 y/o from Malaysia and watching this just to get some motivation and try to apply this concept Thanks Vicent!
Comment from : @NurhaziqRusly

Do the savings here include CPF?
Comment from : @Duskie_06

I'm confused because average and median refer to the same thing Average house price or median house price means the same thing
Comment from : @whatsup24_7

I am so happy to hear that I'm doing something right I am 23 right now and I did all the things you listed in our 20's
Comment from : @richardwong6400

24 yrs old $480,000 net worth
Comment from : @benjamine7102

I’m 19 with 10 bucks to my name I just graduated How was I supposed to make 100k?
Comment from : @Sth_drew

Paying off debts largest to smallest is the fastest
Comment from : @fuzbeatboxern5714

does net worth include social security or nah
Comment from : @Lurgeek

Investments are the roots of financial security; the deeper they grow, the stronger your future will be"
Comment from : @JosephGodwill9h

would you use your your current income for these goals? In many careers, your income may double, triple, or more between early and late career
Comment from : @millpreetk1406

I job hopped because I was figuring it out I work better in factories in my opinion but need better metrics
Comment from : @inezneal6917

For those in engineering, stay over 2 years to vest at least 50 of your rsus if you get those Your next job should be a company with greater upside on the rsus you'll get than those at your current job
Comment from : @DrLol07

Im 26 and im at 35K but i spent at least 25K in luxury goods and i regret it Wish i could have that money back
Comment from : @dieggarciaf6469

Job hopping used to be nothing to me And I was getting a good 5-7K with each new job Now I’m with an organization I’ve had my sights on since graduating and I’m just not sure if the reward would outweigh the joy I get out of logging on for work each day
Comment from : @TravisMcMurray

☺️☺️
Comment from : @DianaSchneider-p3k

i’m 21 with $20k in my retirement accounts and $9k in savings Saving everything I can every month!
Comment from : @shes_lucy

Im 24 and just started saving, i feel bad
Comment from : @Homelanderwasright

It is advisable to save at least 15 of your income in a 401(k) Online calculators can help you estimate the appropriate savings amount based on your age and income By saving at least 15 of your income in a 401(k), you can work towards a comfortable retirement This strategy allows you to benefit from compound interest, potentially growing your retirement savings significantly over time
Comment from : @NicholasBall130

I love how you put what could have been 3 videos into 1 video
Comment from : @pierrepower3182

SPYs average return is 7 INFLATION ADJUSTED> 99990 regular people don't know this They just think money will be less purchasing power because inflation will eat it away Its 10 without inflation Shows we need basic education and logic
Comment from : @mysterio5837

Roth IRA was really the only safe and legit option for younger people to start… that authorized user shit was super irresponsible to even recommend even with your disclaimer imo you should be alittle ashamed to even mention it, especially to young people with little knowledge shame on you
Comment from : @cc_par

i wonder if these prescriptive amounts are based on stats that don't consider single/married/divorced people i know this is PERSONAL finance, but if i am comparing average/median net worth of a married person who for example, needs that money because their expenses are higher than mine, that doesn't help
Comment from : @pgplaysvidya

And if you lose your career at 40?
Comment from : @kw5371

You gotta account for inflation these aren’t exact numbers but they’re like an example 15mil in 2060 it’s probably gonna be worth like $400,000 in today’s money due to inflation and purchasing power will decrease
Comment from : @Menacetosociety-qu5br

Thank you for not having an annoying intro !
Comment from : @7train89

I think the advice to join an account on someone’s credit card is a terrible idea It just takes a few years to build good credit No need to risk your own credit score on someone who may screw yiu over
Comment from : @ZigySpACe

I think the 20s should be split into younger than 25 and over 25 as your earning as savings are going to massively different between 22 and 28
Comment from : @liamwarren7590

4:00 I can really tell that you're thinking about your future here Nice work!
Comment from : @stevenlarry9803

LMAO I had to rewind after he put Pokemon card collections in the assets column 😭😭😭😭 It's def sizeable enough to be under the assets column HAHAHAH oops
Comment from : @Avaylia

In the uk u can do 20k a year when u us does 7k
Comment from : @charliesfit_

I’m 23 and was pleasantly surprised when i actually added up my net worth of 60,000 I am 2/3 of the way through paying off my house so that’s my main focus for the next couple years while also putting 10 into my Roth IRA/ 401k
Comment from : @kentonlinger2678

These savings are TRULY unrealistic in 2024 ESPECIALLY if you live in places like NYC!!! 210,000 in savings??????👀
Comment from : @antoinesmith689

What’s the best move to make when you can’t have a money trail but you want to save money?
Comment from : @rozlynvander-smith1828

as
Comment from : @CR_PRATHAM_GAMING

The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
Comment from : @AMIT85770

asd
Comment from : @tarunxing

dw
Comment from : @White444H

Will there not be tax on the interest each year?
Comment from : @brian6811

I'm staying at my job for now Almost 2 years Before I move to a new city to get a new job Have compound intrest ofcorse
Comment from : @PFGFrankly

Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio Some folks get help from money experts or do their homework before making investment moves It's all about being smart with your funds
Comment from : @jerrycampbell-ut9yf

Source of your net worth by age?
Comment from : @dragoon1269mn

His parents were frugal and he got an XL shirt This was my dream My parents let me wear off my brother's old clothes Luckily I am a girl, imagine my brother would have to wear my old clothes off😂
Comment from : @tonychocolony7938

im 24 with $400 in my bank help
Comment from : @NiksWickOfficial

Those "average" net worth numbers" are bullshit 🤣
Comment from : @Lycan3303

I live at home with my mom as a 24 year old My assets are bitcoin, sealed pokemon, and 401k lol Each about 1/3 of my total assets 🤣
Comment from : @casinokam2695

292k USD ???? BROOOOOOO brI though i was poornow I KNOW I am x) brbrDam
Comment from : @sitrakaforler8696

$3,000/month in your 20’s?? Not realistic, most people are lucky to make $17/hour into their late 20’s Also, the job market of the city you reside in and cost of living plays a huge role in your expenditure and Income I had to move to another city to be in the job I’m currently at
Comment from : @lavieestunsonge4541

Basically 7k is just means that you own a car
Comment from : @sanzharnaizabekov8166

if I subtract student loans my net worth is several thousand in the negative 😬
Comment from : @fromanotherdayfilm

Based on this video, I would never stop working
Comment from : @psxnitro

Back In My Age Of 20s I've Messed Up Partying and Clubbing Chasing After Females Left and Right, Now That I'm In My Age Of 30s I've SaddleDown Relaxing My Mind Enjoying Life Hitting The Gym Thanks For Sharing Sir May God Bless You
Comment from : @McCoyReginald

how do you save more than you earn?
Comment from : @Omkuskom

17 years old guy suggestion : Dont save , Do invest 🤝
Comment from : @bhupendra_ayer

I'm 25 and had $200 in my savings account😢 Give a like to this comment so that I can update my net worth😅
Comment from : @sahilasheikh123

May it be better to switch the 20/30 focus Vin?!
Comment from : @kieran2961

me watching this while living in a third world country ☠️
Comment from : @WalkingPadnos

I‘m in my thirties and don‘t have a whole year on my savings account So I will start with your 20s plan 😅
Comment from : @LearnGermanwithMarzipanfrau

6:00 change shirt mid video
Comment from : @miamitten1123

Sorry for skewing the "20's" numbers guys, I'm sure you're going alright xD
Comment from : @santiagokiwi3187

Bourgeoisie? Not cool Makes you sound like a communist Not taking financial advice from a communist
Comment from : @shanesimons5801

I like how these people tell you to save all this money We work 9 to 5' s flipping burgers How am I supposed to do this? Hahahah 😢
Comment from : @marcoaguilar4652

According to my calculations, my FIRE number is 5 million dollars to live the retirement life I want According to my current salary and wage, at 7 historical average, it will take me 65 years to reach itbrNow, for a more realistic number, its around 800K This will let me live an okay life in the city I live in
Comment from : @rebeltheharem7028

What glasses are those?
Comment from : @elcidbattery3080

$30k a year in expenses 😂
Comment from : @chrislioo

Never add a person as an authorized user on your account If they are not responsible, it could potentially qreck your credit as well!
Comment from : @db2631

2 inflation equals 50 devaluation in 35years brStudy Bitcoin !
Comment from : @ax78360

You're like the MKBHD of the finance space u explain these concepts so well that even a complete novice can understand them
Comment from : @nishantpatil1247

I don't think its necessary to have a specific amount saved up if someone has a steady and liquid flow of income, although saving is important
Comment from : @EstherRoss-gm8qv

3 months of INCOME why? i only spend 40 of my income So my emergency fund is 6 months of my average expenses over the year
Comment from : @chrisballUKtoNZ

Excellent video! God bless!!
Comment from : @Jesus_Saves_Believers

is it dumb to have a roth ira, and also have money in a mutual fund such as S&P 500? Should more money be allocated to one rather than adding to both?
Comment from : @watermage25

I had 80k pesos last year but I need to help my parents because I was the one who encouraged them to transfer to another city and I'm back to zero now But I'm earning little by little and invest in permanent property instead of renting
Comment from : @swirlandtwirl5417

how does putting money in a Roth IRA equate to having it earn stock money and interest etc???
Comment from : @noksuan59

I've been at my Job for 8 years and never jobbed hopped and my pay has gone up an additional $1833 per hour Job hopping is not always the best thing to do I'm 35 and have a net worth of 475k
Comment from : @bretfeeney1072

very good financial advise, thanks for sharing all this great information I find myself both watching and trying to upload (not the only topic) videos about money so I appreciate you posting this content
Comment from : @geoffreyguist5000

100k in your 20s ya right lol
Comment from : @RWD1225

Just turned 19 with 15k invested and 1k in hysa I think i’m doing good (?)
Comment from : @VinceWantsWealth

Always go based on average not median
Comment from : @MagnoosChess

When you say in your 30's you should have x1 of your salary saved, does that mean in savings account or just in general? Such as x1 salary saved between savings accounts, retirement accts etc?
Comment from : @JustJ0YouKnow

Because i have no faith in our government and economy, i still don't feel secure even though my numbers are good
Comment from : @foodlover8151

I’m already 27 turning 28 soon and have $0 saved… what do I do? 😱
Comment from : @MeMe-tw4xb

78k at 20 years old inflation as become ridiculous
Comment from : @PelleBleu

I love your videos and information but its too repetitive now, I already do all these things , how can we take it a step further? Im in my 20's Thanks
Comment from : @soccershopclub

The average and median net worth numbers are higher than I imagined honestly I assumed the even the average 20 something yr old American would have a negative net worth due to student loans, car payments, etc so this is nice to see
Comment from : @christians131