Try Rocket Money for free: https://RocketMoney.com/Humphrey #rocketmoney #personalfinance In this video we go over the top …
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Today's News for Tomorrow's Brew
Today's News for Tomorrow's Brew
Try Rocket Money for free: https://RocketMoney.com/Humphrey #rocketmoney #personalfinance In this video we go over the top …
source
Check out Rocket Money for free: https://RocketMoney.com/Humphrey #rocketmoney #personalfinance
The major REASON why us here in america are struggling to save up or build wealth is because of the ENORMOUS HOUSE RENT!! Seriously bro 2 bedroom apartment at 1200$ rent is already considered low in today's standard! That's literally 30% of majority of Americans salary after tax! If only our government would stop spending money to other country then they could have lower the taxes to property owners so that they can lower our rent!
Great video and advice. I am 29, have my own business with my wife and our salary is 42K (so 21k each). We have no debts but we just spent our emergency fund and we are doing it again.
It is a bit stressful working on this salary as we always have to be moving money around to cover this or that and we are constantly making money decisions.
However the business is growing and this 42K salary will soon be more and we will have more freedom. We still save 10% and travel a bit with that, but we have to have a huge control haha’
Sometimes I just dream of the day we will be making 60K and have some more freedom hahaha’
For all of you worried about being in the 100K income bracket. I retired at 34 with an average under 50k income at an average job. It all started with a free stock from Robinhood when I was homeless at 16. Trust me! You can do this!
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have.I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas…
I used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.
Bro the bots under your comments are atrocious. Is there anything you can do?
what is your prediction for nvdia and tesla next week? end of july?
It'll take you 2.5 years to save up for your emergency fund. (Saving 3 months salary = 25% of your salary and at a save rate of 10% of your salary a year)
What if you bought your first property at 32 years old with a 80$k salary??
What strategy and savings? 😊
When I grow up I hope to spend my life groveling over finance, worrying about people screwing me and scheming about how to screw them.
I make 6 figures annually, however I’m frugal in so many ways. Honestly don’t need the nicest/ fanciest stuff.
That "when can I retire" website is so bad lol
Can we do one for the 10-20k range 😭
Hi @Humphrey
My AGI is 450k household (RSU included)
Net worth at 36 is $2.27M
Is that a good number as per your table?
Everyone told me I should buy a new Mercedes or BMW since my income jumped. I went with a 4 year old Mercedes with less than 50k miles and pay less than 4% monthly income. It turned out very well.
Rocket money is trash. Never had a subscription that I could cancel directly through rocket money. I still use it to track my accounts in one place though….
For those of us in the 40k club do you recommend funding the emergency fund before making more than minimum payments on consumer debt like a car note?
40k club 😢
what video game co was that bro? was that the co that does all those bs ads on youtube?
I'm thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying its ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
SO MANY BOTS IN THE COMMENTS HOLY FAAAAAAACK
80% stocks 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate $200k stock/bond portfolio for substantial gains at minimum risk of inflation.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
So what do I do if I have a pension