How Much Money You Need To Save By EVERY AGE

Video quality	The size	Download

Information How Much Money You Need To Save By EVERY AGE

Title	:	How Much Money You Need To Save By EVERY AGE
Lasting	:	16.02
Date of publication	:
Views	:	420 rb

I watch several YouTube videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
Comment from : William Ethan

Most Americans don’t have people trying to criticize their life @aaron but maybes that’s just me Being paranoid It doesn’t matter where you are in life it’s where you’re headed
Comment from : SoRoxasblade

Why not just put it all in VOO or the C fund and forget about learning more about investing
Comment from : Treyvan Dietrich

You fail to mention many people cannot save anything due to salaries not keeping up over the past 30 years as well as many companies started laying off older workers in droves when much of our manufacturing went to China
Comment from : Annette Caamano

Currently in my 20s I most definitely spend everything 🤣
Comment from : Genesis

How many Americans can max out IRS’s limit of 60k per year? I’m talking 401k+IRA+megabackdoor all combined limit
Comment from : privettoli

If you are born after 2001 just give it up, you are not retiring, there will be no social security for you, you gonna need at least x20 ur annual salary saved and thats not happening unless you hit the lottery or do the whole "you will own nothing and be happy" bsbrWe workin ourselves to the grave🤣
Comment from : Gavin Shadinger

I feel I'm probably behind at 31brI make 74k a yearbr12k in 401k with 16 behindbr11k in high yield savingsbr3k in daughter's 529 brOnly debt is our house though so really trying to get back on track
Comment from : mike laba

Thought I was behind but turns out I am way ahead of my age twenty peers Good video
Comment from : Tev Phoenix

Thank you!
Comment from : Jason

Having gone through the 2000, 2008 and 2020 market implosions, mu 401k isnt where it should be
Comment from : Michael Grant

I’m 26 (27 in Nov), and had 15k in savings in 5 APY account That 15k has dropped to 5k due to major car problems, killing ALL consumer debt, and career changing It’s bittersweet but having that money ready was a great feeling
Comment from : MJ

This video was really helpful Thanks bro
Comment from : Madars Dan Vajevskis

With the flick of a pen, the Biden administration could just do debt forgiveness If it's good enough for student loans, it's good enough the government deficit, LOL
Comment from : Darla Williams

This is good advice Brian better than your doomsday predictions
Comment from : pacificwestsoul

I fully believe in enjoying life while you’re young, but people crossing $200k well into their 50s must realize they are not prepared for old age and will be a financial burden on their kids and/or society, right?
Comment from : Brandon

Plot twist, you die at 59 and you can never enjoy your “savings”
Comment from : TA

The inform is excellent but the income you mentioned is far away mine I only took the basic concept and hopefully can implemented
Comment from : g b

I did all this and more The lost my retirement due to a dishonest individual…a financial guy referred by my CPA
Comment from : Susan A

Haven't been here since the pandemic when this channel had about 250K subscribers Glad to see the channel has grown and this guy has gone back to the basics: just him talking
Comment from : Liz

Thank you for the informative videos Your explanations are thorough and clear I feel like your opinions are honest and based in reality Thank you very much
Comment from : Daniel Kassen

I like the graphics 👍
Comment from : Barb Dennis

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now especially given the global economic crisis we are currently experiencing Stocks, gold, silver, and virtual currencies are still attractive investments at the moment
Comment from : Irena Dölinsek

The older you get the higher the cost of living has become resulting on the inability to save MORE as we age, wages have not increased enough for the wage/cost of living ratio
Comment from : Marie Palmer

I'm definitely an outlier, have $600k in CASH, no 401k, etc, no debt I love when online banks pay 5 interest, the interest pays all my monthly bills
Comment from : AmazingChina

If I have a teenager working, how much does she need to save? 10-15 or could she do less until she is 20?
Comment from : The Left Handed-Right Winger

41 years old with $420,000 networth I feel behind though 😕
Comment from : Armando Weckmann

Hello @ClearValueTax can you do a video on how to do an exempt on the w4 form for working out of state on turn around jobs for 3 months or less
Comment from : Fernando Borja

It is true that saving in your 20s is vital for your retirement I always had a side gig that was not part of the family budget That was earmarked for IRAs and stocks After 20 years it really paid off Yes I wanted an awesome boat and sports car Instead I kept the cars I had going for 15 plus years Glad I did, retirement looms You really need at least $600,000 minimum in today’s retirement Social security alone will only cover about a third of your expenses
Comment from : Steve Hill

I just started investing at 35 years old so I am starting late
Comment from : jordan bowers

Im 25 and I have 5k in my bank account This sucks
Comment from : Obe Cox

27 herebr -£8k emergency br- 25 Bitcoin (around £6200)br- £4K in vanguard lifestrategybr- £6100 in physical gold and silver br- £80k left on mortgage brbrAll this on a very average UK salary 👍🏽
Comment from : HealthyWealthy

WhelpI'm fucked
Comment from : Chase CIA

Love this video as an idea and concept <3
Comment from : Mark Thomas

For me I’m thinking in order to save up I need to be making at least $1,600 a week I’m only working part time now so I’m only getting $450 a week
Comment from : Drew Jitzoo

awesome advice and agreed-!!
Comment from : rosieforChrist

Excellent video
Comment from : Steven Domenech

appreciate this
Comment from : Cooking Shorts

Common man how dumb are u being an accountant u are publishing this on YouTube U don't have business disappear from you tube
Comment from : Mg Mgm

Im currently15 years old with about 8k in the stock market Ive been investing for a couple of years now and i believe that i can hit 10k by next year
Comment from : Mr Snazzy

Lol most people will no even reach 50k This assumes you get married
Comment from : Eric

Shouldn’t you use your annual expenses instead of salary? Because if I’m saving 40 of my salary into my 401k, why would I need to count that in my figure? That portion of income always went into retirement savings By the time I’m retired I should have already saved for retirement and should use yearly expenses or 60 of my income as a benchmark
Comment from : MisterJ

Every 2 years double the amount you need saved to keep up with inflation I know, impossible Be prepared to work the rest of your life
Comment from : GeorgioKatAsh

At 45, net worth should be around $500K which would be house equity, cars, savings and 401K Each 401K should have at least $165K by age 45,
Comment from : William Lyons

Here is a great tip from a 65 year old NEVER use a financial advisor (they will always screw you) and instead invest in the S and P 500 index fund and NEVER TOUCH IT
Comment from : Southern C

Currently working overseas but will return to my home country in the near future I'm a landlord I invested in property at the age of 22 Value has soared and renting out Will live on the rental income I receive and live with my aging parents for the time being At 60 I can withdrawal from my superannuation (401(k)) Have savings and eligible for the Australian pension at 63 In the future I may downsize, sell the property and buy cheaper property and add the left over money from the sale to savings Lots of options for me The way I see it if you have $1m at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income
Comment from : Olivia Taylor

Its interesting to see where others are at in life I just turned 23 and moved back in with my parents grateful and will take full advantage to save my income Still trying to figure out life and tighten up my plan for the future Good luck to all those watching this video, we’re all here for a common reason
Comment from : Jaden

I get a pension with my job (God willing it's still there) also throw money into a deffered comp I was thinking of stopping and maxing out a ROTH Any thoughts? Also have a small savings and long term stocks ie Amazon / Google
Comment from : Fernando Moctezuma

This is super depressing lol So can’t have fun or have a family if you do it properly 😢
Comment from : GDFXHHXSOCAL

breathe into the mic heavier
Comment from : symbolresolution

28 yr old Got about 35k in savings Live in my parents house No debt except for monthly credit card
Comment from : Tyler

Whoops, I think I've over-saved, lol Worse, I'm not going to stop simply for the tax savings alone
Comment from : tomj528

Thanks!
Comment from : westcoastswingmusic

Time is your friend The best way to have money on the side EFFORTLESSLY is STARTING early as possible with retirement Even if you contribute $100 into your retirement account compounded for 30 years on avg market rate, you'll end up with $100k+$100 bux/month is nothing! you won't even realize that money It's that simple Heck if $100 seems too much, just try $20/month, after 30 years that would turn into almost $40kfor doing/realizing absolutely nothing a FREE $40k I still don't understand how people mess up on retirement accounts, its literally EFFORTLESS FREE MONEY
Comment from : E G

People saving all this money so that they can live that fun life in their 70s and 80s I’d rather just spend as I go, live full throttle and just kill myself at 70
Comment from : Andrew Norton

44yrs old with a net worth of a little over 400k Im doin ok
Comment from : perry98

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways
Comment from : Aziz Einas

Not really applicable to Europeans
Comment from : cicciopasticcio8469

I’m on track! But I still don’t own a house 😢
Comment from : phet Inthasanh

Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel It is not surprising that the current market sentiment is extremely pessimistic In today's economy, assistance is critical if we are to survive
Comment from : Alex Steven M

24 with 55,000 in savings and having a goal to have 400k by 30 working on buying a house to house hack
Comment from : Lucas Stowe

Do owning land and properties from country that has minimum to no tax includes in your savings or it has to be cash savings only Secondly how do we save pre-tax income outside of the job?brThanks!
Comment from : Mar D

By the end of this video youll need to double suggested savings
Comment from : luvyatubers

this numbers are nuts 3X your annual salary by age 40?brmathematically how much of your monthly salary should you save to achieve this?
Comment from : Steelmouth

Is it a good idea to invest in life insurance?
Comment from : tigist geberehiwot

wife and I started saying when we got married 29 years ago, I was 22, she was 21 now, 51 and 50, we have a 2 million net worth and 100 debt free, paid off home
Comment from : fsufan

Little behind but I'm debt free except my mortgage/utility and my son (health, daycare, school, etc) I'm now contributing the max company 401k (20) and company Roth (3) combine w/3 match Looking back on all the photo snap shot of my accounts from 3 years ago to now it was a huge jump My mind is set and I'm retiring back in Cyprus (I'm Cypriot) I'm done with the USA w/cost of living, health insurance and the politics I'm delaying my SS at 69 1/2 - 70 years old Next year I can start playing catch up contribution
Comment from : A Musa

I’m 31 don’t have nothing In my account they all go to my rent and bills I will start the 50/30/20 rule hopefully I can manage my money better
Comment from : ED

I'm turning 60 this year and expect to have a net worth of $1 million by the end of the year And I see no hope of retiring They are dismantling Social Security before our eyes, and have already half-privatized Medicare via so-called Medicare Advantage (AVOID) You work until you die in this country It's savage
Comment from : Oroborus

No Boomers have hogged all the homes and cash while their kids and grandkids have nothing
Comment from : Ann OHalloran

When it comes to financial update, I'm always willing to watch your videos I appreciate all time being spent to share this video, ever since I subscribed to this channel I've been learning alot l was able to start up investing with MS_ELIANAZ🇺🇸
Comment from : Williams Romero

Median net worth from 50-54 is $171kbrMe at 51: $2,000 in miscellaneous items
Comment from : Chthonian121

Educational Thanks
Comment from : Bole Labuu

This is so interesting, though I wonder how different this would look for someone with kids? How much are people saving in their 30's with a decent 2-3 children family?
Comment from : Lisa Wang

Can you please do a video with the median/average balance by age on retirement accounts?
Comment from : Al Gonzalez

RIP on goal point for 30-35 time to play catch-up via overtime work x1-2 of salary level Uh oh I'm not hitting the required number Plus the student loan and 250k mortgage left
Comment from : Dflowen

33 years old networth 5 million
Comment from : William A

So thankful that I found out about financial education while still living with my mom at 18 so I have time to save before I fully go Into the real world I’m saving/ investing about 50-60 of my income right now
Comment from : CC

Actually it all depends on where you live, where I live in Iowa I bought my house in 1998 and paid it off in 5 years, the annual taxes on it is under $300, I pay about $30/mo for water, sewer and garbage pickup, I own my van outright, I pay off my CC's every statement, I could live on about $600/mo no problem, it would be WAY different if I lived in NYC or California and had to pay $5,000/mo rent or was still paying on a 30 year mortgage and car payments along with $3,000 a year property tax
Comment from : ♬ HовЬу Ояgaиїšт ♬

🎉🎉🎉🎉🎉🎉🎉🎉🎉
Comment from : Mouse man

Shocking thing is I’m a 25 year old in a 35-39 year olds position 60k in my portfolio Can’t wait to see where I’m at in 10 years Saving 60 of my net income per month
Comment from : Alexin

Great video, love your tone and presentation Not condescending, but helpful, practical, and constructive
Comment from : starveartist

Is it me or does the median numbers seem really low to me? By the time I am retired I would be petrified if my net worth was only 300k It really is a representation of people live beyond their means in the US I suppose My mother is Scottish and she always jokes saying that Scots are born with deep pockets but short arms Saving was part of my childhood and didn't know how much at the time how helpful that is in my adulthood
Comment from : David Young

Unless you are in an extremely high tax bracket and you have access to it put your money into a ROTH 401K and not a 401k The tax savings will be massive after retirement
Comment from : Donkeyearsa

I put money aside to retirement plan because it was a great tax deduction Now close to 60, retirement fund is making passive income close to my after tax income
Comment from : Woodland26

Well damn I own a house in my 20s so I guess I have negative net worth
Comment from : Hingle McCringleberry

Hi I would like to know how do you know that there is a labor shortage? I need to know where I can also attain information thanks
Comment from : Off Vault

Y’all always talk about pretax income I have to pay medical, oh that’s pretax! Dental, oh that’s pretax too! 401k it’s pretax! Everything pretax like it’s good…I ain’t got no check left after all the pretax comes out!
Comment from : Sheena Vaught

I'm 30 I try to keep 5$ in my account at all times I'd say im doing great
Comment from : Papa Pussyman

Dave ramsey will say a little bit more differently lol
Comment from : The Z Family

Yay I reached 40 years old at 31 xD I guess I'm on the right way
Comment from : Al Qaex

In Your 20s: brTypical net worth: Around $7,500 brRecommended savings: 10-15 of pre-tax income brBuild good habits: Create a budget and practice savingbr brIn Your 30s: brMedian net worth: $36,000-$56,000 brSavings goal: 1-2 times annual salary for retirement brTips: Diversify investments, watch for fees, avoid borrowing from retirement accounts brbrIn Your 40s: brMedian net worth: $127,000-$165,000 brSavings goal: 2-3 times annual salary by age 40 brRecommendations: Save 15-20 of pre-tax income, maximize retirement contributions brbrIn Your 50s: brMedian net worth: $171,000-$194,000 brSavings goal: 5-6 times annual salary by age 50 brStrategies: Take advantage of catch-up contributions, negotiate raises, review retirement plansbr brIn Your 60s: brMedian net worth: $229,000-$272,000 brSavings goal: Approximately 10 times current salary brConsiderations: Roth IRAs/Roth 401(k)s, optimizing Social Security benefits
Comment from : GPT-EZ

$35k Net Worth is quite low for a 30-35 years old I guess it's a different lifestyle in the US vs Australia
Comment from : rosy jaye

In Germany, income tax is very high it is not uncommen to have annual gross income of 80,000EUR (and net annual income is 48,000EUR) when they are >40yrs old 10x of it would be 800,000EUR, almost millionair Is it a fair assumption?
Comment from : Schin