Keep going bud I started at 41... was in 7K debt and living in my overdraft. I'm now debt free have a 15K emergency fund. 20K saving pot and just surpassed ~$100K. My portfolio is roughly ETFs, REITs, and small-cap stocks... I am almost 43 now!
I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!
Great advice here. I've been in the market for 2 years (and I've done very well) but one rule I follow is that I don't put my money into anything I don't understand... By keeping it simple and leveraging guidance and strategies from a CFA my investments have potentially achieved higher returns. However on average, she takes an agreed %age of earnings, but using her system allows for a more hands-off approach. I conservatively follow *Lina Dineikiene's* recommendations and market entry and exit points, and tbh this makes it possible for me... I am convinced it's not just hard work but smart work:-)
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $883k in three years with my advisor
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Annette Christine Conte is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over two decades in service, so it shouldn't be a hassle to find basic info.
“Annette Christine Conte” is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I was an extreme pessimist when it came to my own future when I was in my 20's & 30's. Then in my early 40s I started learning more about money and watching content like The Money Guy. Now at 52 I'm set up for an early retirement at 55 and am actually an optimist. It's amazing how being financially secure can completely change the way you view everything else in your life.
Been here since 30K subs. Been rewarding seeing my own personal finances grow along side watching this channel grow. Keep up the great work Brian and Bo!
I am 26 years old and I am an auto mechanic making $28,000 (after taxes) a year from my full time job. I am so motivated by you guys i can’t even explain it. I watched this video then re-watched it to take notes.
I think you should put something in the title indicating this is the survey results episode. As a person who listens to a lot of episodes but doesn't always get to all of them, I didn't realize this was the survey one and glad I didn't end up missing it.
Guys, I just want to say, I'm from the UK and I love this channel (even though I have no clue what you're talking about when it comes to Roth IRA's 401K's etc). We're both 30 and in the messy middle at the moment, but instead of watching you guys and being scared about what'll happen in 30 years, you give a weird sense of confidence. You do it much better than most UK folk.
Hey, I'm UK based to and love the money guys! Damien Talks Money is a good guy for UK specific financial content. So is Chris Palmer but he's a high earner, so it can be a bit more specific :)
Hello my financial mutant friend! I will try to explain 401k and IRA to the best of my ability. Since it is rare to be offered pensions from our employers, (which is basically a paycheck from them after we retire) employers offer a 401k. 401k’s help set the person up for retirement through an investment account funded by the person themselves. Employers do want to help with your retirement though so they offer matches up to a certain % based on the company’s policy, but you do have to be contributing that percentage to receive the company’s portion (I put in 3% of my paycheck, they put in 3% to match etc). IRA’s are a retirement account fully funded by the person and are similar to 401k’s in that way. Ira’s have more investment options though since it is not through your company’s program. Best way to differentiate Roth and traditional is that Roth accounts will be taxed before being put into the account and grow tax free (since you already paid them) while traditional will not be taxed until time of withdrawal.
@@JusCallMeAnt Thanks for explaining, sounds very similar to the UK's traditional "Defined Contribution" pensions - employer sticks some of your salary in before you're taxed and add's a minimum 4% of their own, then gets taxed when you draw it down and the UK's Stock and Share's ISA where it's generally post tax money put in so no tax paid when you realise the profits! Are there any other examples in the US other than general brokerage accounts that US folks can invest into?
34 yo, unfortunately I’m on the bad side on some of these stats. That being said FOO has given my hope in the future for my family! I’m also planning on reading millionaire mission with our kids when we give them a debit card so they can start life with good habits already in place! So they learn from my mistakes instead of making them themselves. Thank y’all for everything yall do!!!!
I wouldn't wait until they get a debit card. Starting financial conversations early can be extremely helpful and sets the stage. A child that's 5 years old can understand certain basic things regarding finances.
Perhaps contrary to the stats, I think it is my pessimism that has driven whatever financial success I have. I don’t believe I can rely upon any person or the government to help support me in my old age. Whether I live out the end of my life in comfort or poverty falls entirely on my shoulders. This is very motivating.
I feel the same way but to me, that is optimism. A real pessimist would believe that you will never retire or achieve wealth, no matter what you do. I am confident, given the course I am on, that I am good to retire early and with a decent (not extravagant) level of income/wealth. A healthy lack of faith in government promises and employers keeps me focused on doing everything I can to take care of myself and my family.
I am 1000% in the same boat. I want to be an optimist, but my passion for personal finance stems from a distrust and unreliance on others and the government. I guess I could say I'm an optimist about my own future, it just comes from a fear of inflation, ensuring security for my future children, social security possibly going away, etc.
Great show, it was very cool to see the results! I kinda love that I'm sort of middle of the pack when it comes to financial mutants...that tells me I better not slack off this next year. I expect everybody else around here to help me skew those numbers further upward in the October 2025 survey! I'm calling it right here: if you keep referencing it and teasing it in future content, there will be at least double the number of responses next year.
I loved the survey! The next time, I would like to see questions specific to me as an individual, my spouse as an individual, and then as a household. Some of the questions were written for the household, and some for me as an individual. For example, the question that asked about net worth was for your household, but then the question about student debt was for me as an individual (and there was no option for my spouse's debt). This may have skewed my results because I only have about $32k in student debt, but my spouse has a lot of student debt due to med school. Our net worth together is lower due to student loans, but that wasn't accurately reflected since I could only put that I have $32k. Thanks for all you do!
As someone only about 7 months into my FOO journey, what an amazing insight into what my future looks like if I continue putting the work in. (proud to be part of the 2.5% in the 25k-50k range saving about 50% of my income)
Sometimes I always feel so behind because I’m in my late twenties and don’t have a lot saved. I just recently applied this new healthy finance mentality this summer and I’m already seeing a difference. It’s not about comparing yourself to others but your past self! Appreciate the channel 💰
Starting the journey is the hardest part. Sounds like you have begun, so congratulations! Determine the level of funding per pay period, automate the process and live within your means. Very simple math there, but the time value of money will do its thing when you invest for growth. You will be fine because your time horizon is long. Stay on the course and you will be well set!
Late 20’s?..child please?…you have no idea how lucky you are to have decades left to save…be responsible and don’t f$ck it up like many others have who were once in your shoes and wish like hell they could get that time back (like myself)…do it!
Brian and Bo... You guys are a huge reason why Us financial mutants are above average! Thank you for all the content yal put out! You are making a difference and I hope and pray that your content reaches millions!!
I discovered you guys at 26 and changed my life. Ive been investing since I was 21. Thanks to you guys Ive learned how important investing is. In 3 yrs I was able to multiply 2.5x my portfolio goal. Thank you!
Awesome video. I agree the survey should include age groups and how long it took them to obtain their first $100K, $250K, $500K, $1M.....as well as the investment portfolio composition (i.e., type and allocation) during the first, 5, 10, 25, 20, 25, 30 years. Also, did they start from ground zero or inherit any investment assets. Keep up the good work guys!
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
Making touch with financial advisors like “Izella Annette Anderson” who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
From $27K to $105K in profits, and the journey Continues! With my success, I've secured a beautiful home and can now provide for my family like never before.
Creating wealth entails establishing positive routines, I had only $18k to my name at 45 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
I was just talking to a friend of mine about pessimism vs. optimism today. We concluded that investing in the stock market and pessimism are mutually exclusive. You cannot invest while believing that the future will be worse than today. It wouldn't make sense to put your money into the market if you think it will drop in the long term.
I love your content. I have watched Dave Ramsey, Minority mindset, graham Stephen but your content is very knowledge intensive and always driven by reasons. Keep it up Brian and Bo!!!
I started watching/listening to the money guy show in my 20s with a bunch of student loans, a low income, and nothing to my name. Now I am in my 30s and have a house, a car, and 200k in liquid networth. Life moves fast and you'll be well on your way to your goals before you even know it! Don't feel discouraged at the start of your journey.
Thank you so much for this show! I'd love to see a lot of those graphs as stacked bar charts to show the percentage by age group. It's nice to see the big numbers, but it would also be nice to see how my peers are thinking about money as I move through life.
Depends what they're trying to measure -- they seem to be looking at how much someone spends on a home and how they prioritize housing financially, rather than simply wealth -- which is probably largely a function of luck given the run up in real estate over the last few years
I thought the same thing. Looking at the numbers on each chart, the lowest range I can calculate that would provide for ALL of 0.03%, 0.16%, and 0.38% rounded figures is between 3,120 to 3,200 and the potential ranges continue to increase from there. The next step is 3,700 +/- 50 then 5,770 +/- 50. So at a minimum, they received 3,120 responses
I’m 22 and bought your book today! I own two rentals and another home as my primary residence I have a full pension and make 80k a year from my job. I maxed out my HSA and summon Roth, but it’s hard for me not to put everything into my rentals as they have made the most money.
Just discovered your channel a couple of weeks ago. Although I am from Malaysia a lot of concepts mirror what I practice (different taxation aside) and happy to be a financial mutant! I just retired in March this year at 53. If ignoring exchange rates my last salary was just 78k/pa my net worth I managed to achieve close to 3.7mil liquid (excluding my house and my wife's own finances). If converting to US$ I would be earning less than US$ 20k but managing to achieve a net liquid worth of US$900k.
This is so cool! I’ve been watching Money Guy content for several years now, and the FOO has served our family very well. Thank you all and keep up the good work!
I’m retired. Your story of a conservative savings profile is a common one. Any course of action involves risks. You might be avoiding market risk, but you are taking on other risks like inflation and reinvestment risk.
My wife is willing to work for another 5 years if needed. Are we in good shape? Will we be okay if I begin withdrawing from Social Security when I’m 62 and my wife is 67? Should we hire a financial planner to help us navigate this?
Certainly get a pro to look at your predicament (if you even have one, lol) A second opinion from acomprehensive financial adviser can help you look at more than just your current estimate of cash flow and needs but also longevity risk, outliving your money, tax considerations, legacy planning, healthcare costs, inflation and a myriad of other things you may not be considering when reviewing your current situation
I disagree with the HSA love because they are specifically designed to put the cost of healthcare onto the consumer. If you have a preexisting condition it can be far too risky to go for an HSA/HDHP plan. I WISH they offered HSAs on plans that weren’t junk HDHP plans.
I would be super interested in how financial mutants paid for college. Scholarships, savings, parents paid, loans (check all that apply). Or you could even ask for percentages (for example, mine was about 70% scholarship, 20% money I earned working during college, and 5% support from parents and 5% student loans).
Thank you for compiling the data. Very cool to see the net worth distribution and that even people with millions still listen in and filled out the survey. The fact that 23%+ have over $1.25M & 14% over $1.25 investable net worth = shows that the show already skews towards the more successful, which makes sense. Of course, hard to tell who comments what in the section here, but proud to be a part of this group.
Most of my net worth was gained in my 401k. As with so many of my co workers. 30 yrs at the same company with 20% deductions to my retirement. Not all the years either. Just pretty steady.
@@reneebraun3401 Yeah, that is a great way to build wealth. I think we crossed $1M mostly due to our 401K at first too. My wife and I were fortunate to find each other at an early age and were able to get a home earlier than most (dual incomes really helps). So we have 1/3 401K, 1/3 home equity, and 1/3 other brokerage & alt investments currently. Expecting brokerage & alts to outpace both going forward though. Slow and steady!
I am soo looking forward to your content. My current nerd-power is binge watching you guys + the rest of the team, with a sprinkle of Ramsey/Rachel/George. I find it extremely motivational to have you around and knowing that my glidpath is stable/good direction.
We're in the UK and follow your advice with only minor adaptations. We're just starting our financial mutant journey in our late 20s right as our messy middle is hitting its stride but thanks to you, we have a solid plan to make it in the end! I wish we'd found you years ago though!
This information was very interesting. Thank you. One thing to consider - not all employers offer a health insurance option that lets you participate in an HSA. I don’t think there was an option on the survey that let us specify that. It seems like you assume we all have the option to contribute to an HSA.
Great results! I'm around my fellow mutants! Minor feedback: I think the schooling vs income diagram would be better shown relative in size to the number of people in the income group (or interlay a line graph of the survey percentages.) The way the graph looks makes it seem that there's a increase in possibility of a higher income if you go to private, but the relative amount of the surveyed population is small relative to other surveyed groups.
This show was awesome! I really appreciate how fast you got the content out after we took the survey. Thank you for all the information out there give out. Thank you!
For the next survey, it would be great if the questions were more general (and not only USA focused like asking if you have a Roth, 401K, etc), so us non-USA listeners can submit our responses too. Other than that, this was a great episode. Thanks for the insightful content as always.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Grace Miller for helping me achieve this
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Looking across the charts: -Higher incomes correlate with higher savings rates -Higher incomes correlate with higher rates of optimism -Higher incomes correlate with attending private college for all or a portion of your education -Most Financial mutants start saving before 30 -Most financial mutants own vehicles for longevity (over 8 years or until the car dies)
As a car-free household, it's amazing what not owning a car can do. If the car payments are allowed to be 8% (max), imagine reallocating it to investments. That could be enough to retire on without any other savings.
@@buckibanker This (living car free) is only possible if one lives in Europe. Living in North America without car free is highly impossible considering the suburbia to city center distance that we live in.
@@sandeeptanjore1253 I live in Ottawa, Canada. Our transit is mediocre. Designing your life around car-free (living in a walkable neighbourhood with employment) is key. I rent my parking space out and the proceeds cover half my property taxes.
@@sandeeptanjore1253 Europe or East Asia. I live in Seoul and this city has the best transportation system in the world, in my opinion. I´m French, 35 and don´t even have a driving licence because I don´t need it.
@@obrienliam While it's good that you are able to manage it without a car (by living close to city center) I wonder how many can afford to live close to work or have your style of life style considering that Canada is presently reeling under high cost of living crisis.
I am getting close to their old definition of financial mutant, 2x the Millionaire Next Door formula for net worth. I should pass that sometime this year. I totally agree financial mutant is a mind set. I have plenty of peers who are nowhere close.
I'm 24 and feel behind even though I know that I'm not. I am a college dropout, I bought my house at 21 years old. I just raised my employer contribution to 10% the max I was allowed with a 3% match, and max out my roth IRA. My only debt is my home, I have my emergency fund in check with my house at a rate at 3.625 and am on track to pay it off by 28th birthday. My life doesn't look very flashy, I still stitch up my own clothes, and wear attire I get for free through work, but my mind is at peace, and I'm very comfortable. It can be done by anybody with the right mindset!
On the HSA adoption thing, I think something changed. My employer added a match similar to a 401k match for HSA accounts. So you have to put in a percentage yourself, and actually get a health check, and then they will add to your HSA account... People are smart, if some of their compensation is on the table, then they will start using the product. 😅
Putting into perspective, in Malaysia based on a 6000/month salary 72000 pa, a Toyota Camry will be over 3X annual salary while a standard home/apartment is close to 8-10X annual salary.
sad that I missed out on the survey. really wish that you broke down net worth and investable net worth by age rage too; comparing that to the national averages would've been cool to see. maybe net worth as a percentage of annual salary too (again broken down by age range).
Just an FYI here. Most Military retirees, full-time Federal, state and local govt employees won't have access to an HSA since our medical coverage isn't high deductible.
Hmm, not entirely true. I'm not sure if different agencies have different options, but DoD definitely has GEHA HDHP as one, with the ability to pour money into an HSA directly from your paycheck.
The rich are money-minded; that's a lesson I've grasped from the very beginning. My desire to build wealth has always been strong. I’ve set aside $160K since 2020, and I’m eager to invest it in the stock market to grow my financial future. I’d love to hear any recommendations you have.
I think the safest strategy is to diversify investments. But if you need proper advice, consider speaking with a financial expertise. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
Izella Annette Anderson’, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in
Why do they always say saving 25% of income instead of investing 25% of your income? Was showing my friend a graph and I was having to explain to him that you have to INVEST that 25%, not just save it to hit the goal on chart.
This! They have clarified it on different shows what they mean by saving. But if it’s someone’s first time watching their content, might be confusing and inducing in mistakes. It’s not the only channel though, as other authors do the same
The Money Guy's website recently added and refreshed their downloadable resources; one of the new ones is a pdf displaying what they would consider as being part of (and not part of) the 20-25% goal. Roth IRAs and 401ks obviously count, whereas saving cash for upcoming expenses (car, home improvement etc) do not.
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $60k to invest. Where are you investing it?
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
Bitcoin through 2025, then high yield ETFs through the bear market 26’-27’ that's my plan. Remember to always work with a financial advisor when starting out to avoid being exit liquidity.
@@MasonKalair Excellent.... I’m working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 50% SCHD, 25% SCHG, and 25% VOO, thanks to my CFA. This strategy has helped me earn $36,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
I’m working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 50% SCHD, 25% SCHG, and 25% VOO, thanks to my CFA. This strategy has helped me earn $36,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
I like the wealth multiplier tool to show how much your money can grow by age, but I wish they’d clarify that it’s showing how much your money will have grown at age 65. At age 50 the multiplier is only 3, as opposed to 88 at age 20, but it doesn’t take into account that your money should keep working for you till you die. At age 50, it’s still important to invest. Those late investment dollars won’t help you to reach “your number” for retirement as much, but they will grow much more than 3x by age 80 or 90.
Our financial journey has had to take a back seat for a while. My wife gave birth to triplets last march. And we already have twins. So she had to leave work. And I’m working full time. It’s been a rough ride mixed in with a huge blessing.
$1M net worth by 35 seems very very reasonable as a high earning household. The market has returned well in excess of 8% for the past 10-15 years, and housing recently exploded in returns, so I’d imagine there are a fair number of high earning 35 year olds out there past this number. $1M in investable assets is a bit more dependent on chosen lifestyle (eg. did you buy a house or not)
This video just proves that the people who need to be watching most aren't watching. The people who are doing good or mediocre are watching, so it tilts the stats.
Also with a lot of custodians you kind of need to accumulate a few years of contributions before you begin investing as they have fees for investing and you want about $10K or so to keep the fees low as a percentage of invested assets.
Pays better to be a bull and optimist. Markets go up 80% of the time 🤷♂️ down turns are just an opportunity to buy cheaper. With that mindset hard to lose.
What is money guys take on contributing to Mega backdoor Roth vs taxable account? Can you give me some ratio on how much taxable brokerage vs mega back door Roth will look like?
Watching in my 40s... And only just starting investing I feel so behind!
Gotta start somewhere
Keep going bud I started at 41... was in 7K debt and living in my overdraft. I'm now debt free have a 15K emergency fund. 20K saving pot and just surpassed ~$100K. My portfolio is roughly ETFs, REITs, and small-cap stocks... I am almost 43 now!
I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!
You still have time , keep on dca into your asset of choice.
Great advice here. I've been in the market for 2 years (and I've done very well) but one rule I follow is that I don't put my money into anything I don't understand... By keeping it simple and leveraging guidance and strategies from a CFA my investments have potentially achieved higher returns. However on average, she takes an agreed %age of earnings, but using her system allows for a more hands-off approach. I conservatively follow *Lina Dineikiene's* recommendations and market entry and exit points, and tbh this makes it possible for me... I am convinced it's not just hard work but smart work:-)
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $883k in three years with my advisor
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Annette Christine Conte is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over two decades in service, so it shouldn't be a hassle to find basic info.
“Annette Christine Conte” is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
LOVE IT GUYS! The next time you do the survey I’d love for you guys to do a “by age” video between financial mutants to see how we all stack up! 🙌🏽
I vote for this!!!
Especially the income. 2 people in their mid-forties making $100-200k is different than 2 people in their twenties making $100-200.
Agreed!
I’ve never been so happy to be average!
What a community to be at a part of. Thank you to the Money Guy Show for your leadership..
I was an extreme pessimist when it came to my own future when I was in my 20's & 30's. Then in my early 40s I started learning more about money and watching content like The Money Guy. Now at 52 I'm set up for an early retirement at 55 and am actually an optimist. It's amazing how being financially secure can completely change the way you view everything else in your life.
Been here since 30K subs. Been rewarding seeing my own personal finances grow along side watching this channel grow. Keep up the great work Brian and Bo!
Hear, hear! I’ve also enjoyed the ride. Best finance channel on YT.
I am 26 years old and I am an auto mechanic making $28,000 (after taxes) a year from my full time job. I am so motivated by you guys i can’t even explain it. I watched this video then re-watched it to take notes.
I think you should put something in the title indicating this is the survey results episode. As a person who listens to a lot of episodes but doesn't always get to all of them, I didn't realize this was the survey one and glad I didn't end up missing it.
Guys, I just want to say, I'm from the UK and I love this channel (even though I have no clue what you're talking about when it comes to Roth IRA's 401K's etc). We're both 30 and in the messy middle at the moment, but instead of watching you guys and being scared about what'll happen in 30 years, you give a weird sense of confidence. You do it much better than most UK folk.
Hey, I'm UK based to and love the money guys! Damien Talks Money is a good guy for UK specific financial content. So is Chris Palmer but he's a high earner, so it can be a bit more specific :)
Hello my financial mutant friend! I will try to explain 401k and IRA to the best of my ability. Since it is rare to be offered pensions from our employers, (which is basically a paycheck from them after we retire) employers offer a 401k. 401k’s help set the person up for retirement through an investment account funded by the person themselves. Employers do want to help with your retirement though so they offer matches up to a certain % based on the company’s policy, but you do have to be contributing that percentage to receive the company’s portion (I put in 3% of my paycheck, they put in 3% to match etc). IRA’s are a retirement account fully funded by the person and are similar to 401k’s in that way. Ira’s have more investment options though since it is not through your company’s program. Best way to differentiate Roth and traditional is that Roth accounts will be taxed before being put into the account and grow tax free (since you already paid them) while traditional will not be taxed until time of withdrawal.
James Shack talks about UK Money with a similar attitude to the Money Guys.
@@JusCallMeAnt Thanks for explaining, sounds very similar to the UK's traditional "Defined Contribution" pensions - employer sticks some of your salary in before you're taxed and add's a minimum 4% of their own, then gets taxed when you draw it down and the UK's Stock and Share's ISA where it's generally post tax money put in so no tax paid when you realise the profits!
Are there any other examples in the US other than general brokerage accounts that US folks can invest into?
@@iMrGadget Yeah, Damien is great and very relatable. I'll check Chris Palmer out!
I will keep chugging along. Hopefully we can all continue to build wealth in the coming years.
If Bo is excited, I'm excited
If your excitement lasts more than 4 hours, consult a doctor.
Excited to see how that dad stache progresses 😂
34 yo, unfortunately I’m on the bad side on some of these stats. That being said FOO has given my hope in the future for my family!
I’m also planning on reading millionaire mission with our kids when we give them a debit card so they can start life with good habits already in place! So they learn from my mistakes instead of making them themselves.
Thank y’all for everything yall do!!!!
Hey man, good luck. Never too late to fix your situation!
I wouldn't wait until they get a debit card. Starting financial conversations early can be extremely helpful and sets the stage. A child that's 5 years old can understand certain basic things regarding finances.
34 is fine... build the habits. live below your means, earn as much as you can.
We listen to the audiobook version in the car, it’s amazing how much they can pick up and understand
We were around your age when we realised things needed to change. Now at 42 and 45 things look much better. You can do it.
Perhaps contrary to the stats, I think it is my pessimism that has driven whatever financial success I have. I don’t believe I can rely upon any person or the government to help support me in my old age. Whether I live out the end of my life in comfort or poverty falls entirely on my shoulders. This is very motivating.
I feel the same way but to me, that is optimism. A real pessimist would believe that you will never retire or achieve wealth, no matter what you do. I am confident, given the course I am on, that I am good to retire early and with a decent (not extravagant) level of income/wealth.
A healthy lack of faith in government promises and employers keeps me focused on doing everything I can to take care of myself and my family.
I want to ensure that my kids don’t have to care for me in my old age and I don’t negatively impact their lives.
I am 1000% in the same boat. I want to be an optimist, but my passion for personal finance stems from a distrust and unreliance on others and the government. I guess I could say I'm an optimist about my own future, it just comes from a fear of inflation, ensuring security for my future children, social security possibly going away, etc.
Great show, it was very cool to see the results! I kinda love that I'm sort of middle of the pack when it comes to financial mutants...that tells me I better not slack off this next year. I expect everybody else around here to help me skew those numbers further upward in the October 2025 survey!
I'm calling it right here: if you keep referencing it and teasing it in future content, there will be at least double the number of responses next year.
Great episode. I started late, in my 40's, and content like this keeps me motivated to make the sacrifices and stay the course.
I loved the survey! The next time, I would like to see questions specific to me as an individual, my spouse as an individual, and then as a household. Some of the questions were written for the household, and some for me as an individual. For example, the question that asked about net worth was for your household, but then the question about student debt was for me as an individual (and there was no option for my spouse's debt). This may have skewed my results because I only have about $32k in student debt, but my spouse has a lot of student debt due to med school. Our net worth together is lower due to student loans, but that wasn't accurately reflected since I could only put that I have $32k. Thanks for all you do!
As someone only about 7 months into my FOO journey, what an amazing insight into what my future looks like if I continue putting the work in. (proud to be part of the 2.5% in the 25k-50k range saving about 50% of my income)
0:12 would love a t-shirt that just says “Brian, I am so excited”
Sometimes I always feel so behind because I’m in my late twenties and don’t have a lot saved. I just recently applied this new healthy finance mentality this summer and I’m already seeing a difference. It’s not about comparing yourself to others but your past self! Appreciate the channel 💰
I started getting serious about money and savings at age 50. You are fine!
@ thanks for the reassurance! My folks are in the same boat and we’re all learning this stuff together
Starting the journey is the hardest part. Sounds like you have begun, so congratulations! Determine the level of funding per pay period, automate the process and live within your means. Very simple math there, but the time value of money will do its thing when you invest for growth. You will be fine because your time horizon is long. Stay on the course and you will be well set!
Late 20’s?..child please?…you have no idea how lucky you are to have decades left to save…be responsible and don’t f$ck it up like many others have who were once in your shoes and wish like hell they could get that time back (like myself)…do it!
Brian and Bo... You guys are a huge reason why Us financial mutants are above average! Thank you for all the content yal put out! You are making a difference and I hope and pray that your content reaches millions!!
I discovered you guys at 26 and changed my life. Ive been investing since I was 21. Thanks to you guys Ive learned how important investing is. In 3 yrs I was able to multiply 2.5x my portfolio goal. Thank you!
Discipline to invest not swap cars and houses all the time. Some people will never understand steady disciplined investing wins the race every time.
I was 22 when I found your show just before I started my first job, and have followed the FOO ever since.
Awesome video. I agree the survey should include age groups and how long it took them to obtain their first $100K, $250K, $500K, $1M.....as well as the investment portfolio composition (i.e., type and allocation) during the first, 5, 10, 25, 20, 25, 30 years. Also, did they start from ground zero or inherit any investment assets. Keep up the good work guys!
Glad to fill out the survey that drove these statistics! Excited to see how I shape up!
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
@@mariaguerrero08Could you possibly recommend a CFA you've consulted with?
Making touch with financial advisors like “Izella Annette Anderson” who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
From $27K to $105K in profits, and the journey
Continues! With my success, I've secured a
beautiful home and can now provide for my
family like never before.
Assets that can make one successful in life
I. Forex
2.Stocks
3.Shares
forex is profitable and lucrative investment online
@@AlexJames893You are right.
But I don't know why people remain poor due to ignorance
Creating wealth entails establishing positive routines, I had only $18k to my name at 45 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets
The importance of mitigating risks might be why many investors are turning to advisors for guidance.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
It is so cute how proud you two are of us!
I was just talking to a friend of mine about pessimism vs. optimism today. We concluded that investing in the stock market and pessimism are mutually exclusive. You cannot invest while believing that the future will be worse than today. It wouldn't make sense to put your money into the market if you think it will drop in the long term.
A bit late to this party (both investing and this survey results video 😂) but so glad to be here! 🎉
I love your content. I have watched Dave Ramsey, Minority mindset, graham Stephen but your content is very knowledge intensive and always driven by reasons. Keep it up Brian and Bo!!!
I started watching/listening to the money guy show in my 20s with a bunch of student loans, a low income, and nothing to my name. Now I am in my 30s and have a house, a car, and 200k in liquid networth. Life moves fast and you'll be well on your way to your goals before you even know it! Don't feel discouraged at the start of your journey.
FOO 4 LIFE!!!!
Thank you so much for this show! I'd love to see a lot of those graphs as stacked bar charts to show the percentage by age group. It's nice to see the big numbers, but it would also be nice to see how my peers are thinking about money as I move through life.
I think a more interesting question than home value is home equity. That's a better indicator of wealth than just the value of the home.
Depends what they're trying to measure -- they seem to be looking at how much someone spends on a home and how they prioritize housing financially, rather than simply wealth -- which is probably largely a function of luck given the run up in real estate over the last few years
I’m so excited for the next survey to report how much I’ve learned and reflected since I’ve started watching this show.
Weird they didn’t give the response size. They talk about it in other surveys
I thought the same thing. Looking at the numbers on each chart, the lowest range I can calculate that would provide for ALL of 0.03%, 0.16%, and 0.38% rounded figures is between 3,120 to 3,200 and the potential ranges continue to increase from there. The next step is 3,700 +/- 50 then 5,770 +/- 50.
So at a minimum, they received 3,120 responses
At the end Brian said thousands so probably they hoped for 1000 and got ~4000
I got my associates from a community college and got my bachelor's from a public school for the savings.
Same!
I’m 22 and bought your book today! I own two rentals and another home as my primary residence I have a full pension and make 80k a year from my job. I maxed out my HSA and summon Roth, but it’s hard for me not to put everything into my rentals as they have made the most money.
Been waiting for this since day one when I completed the quiz!
Im 19yo and these stats warm my heart. Keep it up guys!!
Just discovered your channel a couple of weeks ago. Although I am from Malaysia a lot of concepts mirror what I practice (different taxation aside) and happy to be a financial mutant! I just retired in March this year at 53. If ignoring exchange rates my last salary was just 78k/pa my net worth I managed to achieve close to 3.7mil liquid (excluding my house and my wife's own finances). If converting to US$ I would be earning less than US$ 20k but managing to achieve a net liquid worth of US$900k.
This is so cool! I’ve been watching Money Guy content for several years now, and the FOO has served our family very well. Thank you all and keep up the good work!
We are in our 50s with nearly $3M saved, no debt and $50K annual spending. But we avoid the stock market completely.
I’m retired. Your story of a conservative savings profile is a common one. Any course of action involves risks. You might be avoiding market risk, but you are taking on other risks like inflation and reinvestment risk.
My wife is willing to work for another 5 years if needed. Are we in good shape? Will we be okay if I begin withdrawing from Social Security when I’m 62 and my wife is 67? Should we hire a financial planner to help us navigate this?
No one likes market risk, but without longer retirement, taking on risk is often a necessary evil to compensate for inflation.
Certainly get a pro to look at your predicament (if you even have one, lol) A second opinion from acomprehensive financial adviser can help you look at more than just your current estimate of cash flow and needs but also longevity risk, outliving your money, tax considerations, legacy planning, healthcare costs, inflation and a myriad of other things you may not be considering when reviewing your current situation
@clementdan How does one get a comprehensive fa who isn’t looking to just make a buck from consultancy and whatnot
I disagree with the HSA love because they are specifically designed to put the cost of healthcare onto the consumer. If you have a preexisting condition it can be far too risky to go for an HSA/HDHP plan. I WISH they offered HSAs on plans that weren’t junk HDHP plans.
The survey should've had a question on if Bo should keep that thing below his nose 😜
I would be super interested in how financial mutants paid for college. Scholarships, savings, parents paid, loans (check all that apply). Or you could even ask for percentages (for example, mine was about 70% scholarship, 20% money I earned working during college, and 5% support from parents and 5% student loans).
Thank you for compiling the data. Very cool to see the net worth distribution and that even people with millions still listen in and filled out the survey. The fact that 23%+ have over $1.25M & 14% over $1.25 investable net worth = shows that the show already skews towards the more successful, which makes sense. Of course, hard to tell who comments what in the section here, but proud to be a part of this group.
Most of my net worth was gained in my 401k. As with so many of my co workers. 30 yrs at the same company with 20% deductions to my retirement. Not all the years either. Just pretty steady.
@@reneebraun3401 Yeah, that is a great way to build wealth. I think we crossed $1M mostly due to our 401K at first too. My wife and I were fortunate to find each other at an early age and were able to get a home earlier than most (dual incomes really helps). So we have 1/3 401K, 1/3 home equity, and 1/3 other brokerage & alt investments currently. Expecting brokerage & alts to outpace both going forward though. Slow and steady!
I am soo looking forward to your content. My current nerd-power is binge watching you guys + the rest of the team, with a sprinkle of Ramsey/Rachel/George.
I find it extremely motivational to have you around and knowing that my glidpath is stable/good direction.
Next survey…. “How many financial mutants like Bo’s mustache?”
All of them
We're in the UK and follow your advice with only minor adaptations. We're just starting our financial mutant journey in our late 20s right as our messy middle is hitting its stride but thanks to you, we have a solid plan to make it in the end! I wish we'd found you years ago though!
It's great to see the results of the survey! Thanks for sharing that info Moneyguy team!
This information was very interesting. Thank you. One thing to consider - not all employers offer a health insurance option that lets you participate in an HSA. I don’t think there was an option on the survey that let us specify that. It seems like you assume we all have the option to contribute to an HSA.
Great results! I'm around my fellow mutants!
Minor feedback: I think the schooling vs income diagram would be better shown relative in size to the number of people in the income group (or interlay a line graph of the survey percentages.) The way the graph looks makes it seem that there's a increase in possibility of a higher income if you go to private, but the relative amount of the surveyed population is small relative to other surveyed groups.
This show was awesome! I really appreciate how fast you got the content out after we took the survey. Thank you for all the information out there give out. Thank you!
Great content. Havin' trouble getting past Bo's stash. 😀
For the next survey, it would be great if the questions were more general (and not only USA focused like asking if you have a Roth, 401K, etc), so us non-USA listeners can submit our responses too. Other than that, this was a great episode. Thanks for the insightful content as always.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Charlotte Grace Miller for helping me achieve this
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Been waiting for this!!
Looking across the charts:
-Higher incomes correlate with higher savings rates
-Higher incomes correlate with higher rates of optimism
-Higher incomes correlate with attending private college for all or a portion of your education
-Most Financial mutants start saving before 30
-Most financial mutants own vehicles for longevity (over 8 years or until the car dies)
Do this survey for another couple years and you have yourself another book on your hands. Another best seller surely!
As a car-free household, it's amazing what not owning a car can do. If the car payments are allowed to be 8% (max), imagine reallocating it to investments. That could be enough to retire on without any other savings.
That would be awesome, but not many people can live without a car, unless you live in a city with great public transportation.
@@buckibanker This (living car free) is only possible if one lives in Europe. Living in North America without car free is highly impossible considering the suburbia to city center distance that we live in.
@@sandeeptanjore1253 I live in Ottawa, Canada. Our transit is mediocre. Designing your life around car-free (living in a walkable neighbourhood with employment) is key. I rent my parking space out and the proceeds cover half my property taxes.
@@sandeeptanjore1253 Europe or East Asia. I live in Seoul and this city has the best transportation system in the world, in my opinion. I´m French, 35 and don´t even have a driving licence because I don´t need it.
@@obrienliam While it's good that you are able to manage it without a car (by living close to city center) I wonder how many can afford to live close to work or have your style of life style considering that Canada is presently reeling under high cost of living crisis.
I am getting close to their old definition of financial mutant, 2x the Millionaire Next Door formula for net worth. I should pass that sometime this year. I totally agree financial mutant is a mind set. I have plenty of peers who are nowhere close.
I am so excited for this video 😊
Thx for showing the data. Love a by age survey and separately how net worth stacks up with those that have any debt vs no dept
Great way to start the weekedn
This mutant was psyched to help! :D
I'm 24 and feel behind even though I know that I'm not. I am a college dropout, I bought my house at 21 years old. I just raised my employer contribution to 10% the max I was allowed with a 3% match, and max out my roth IRA. My only debt is my home, I have my emergency fund in check with my house at a rate at 3.625 and am on track to pay it off by 28th birthday. My life doesn't look very flashy, I still stitch up my own clothes, and wear attire I get for free through work, but my mind is at peace, and I'm very comfortable. It can be done by anybody with the right mindset!
We should have a moneyguycon!
I just got to FOO step 4! I’m so excited!
I would totally show up for that!
On the HSA adoption thing, I think something changed. My employer added a match similar to a 401k match for HSA accounts. So you have to put in a percentage yourself, and actually get a health check, and then they will add to your HSA account... People are smart, if some of their compensation is on the table, then they will start using the product. 😅
Putting into perspective, in Malaysia based on a 6000/month salary 72000 pa, a Toyota Camry will be over 3X annual salary while a standard home/apartment is close to 8-10X annual salary.
Thank you guys for everything you do. I learn something in every video 😊
This was a great video! I missed the survey, where was it posted? I want to be sure to participate next year.
Kinda reassuring to be in the largest survey group category 😂
sad that I missed out on the survey. really wish that you broke down net worth and investable net worth by age rage too; comparing that to the national averages would've been cool to see. maybe net worth as a percentage of annual salary too (again broken down by age range).
Just an FYI here. Most Military retirees, full-time Federal, state and local govt employees won't have access to an HSA since our medical coverage isn't high deductible.
Yup. Really wish I had access to one.
Hmm, not entirely true. I'm not sure if different agencies have different options, but DoD definitely has GEHA HDHP as one, with the ability to pour money into an HSA directly from your paycheck.
This was an awesome show which shows just how effective your efforts have been! Keep up the great content guys!! I am so excited 😉
Bo your opening is so boringly redundant! Excited excited
I loved seeing the results of the survery ♥️
The rich are money-minded; that's a lesson I've grasped from the very beginning. My desire to build wealth has always been strong. I’ve set aside $160K since 2020, and I’m eager to invest it in the stock market to grow my financial future. I’d love to hear any recommendations you have.
I think the safest strategy is to diversify investments. But if you need proper advice, consider speaking with a financial expertise. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
@@mariaguerrero08Could you kindly elaborate on the advisor's background and qualifications?
Izella Annette Anderson’, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
17:54: It'd be helpful to add a benchmark at each level for U.S. household averages.
I turn 25 this month, so far my money has made $16.10/hr this year. Big bump in the past week 😉.
Thank you mom and dad btw for not charging me rent, started from about -$5000 (had to buy a car) when I was 19.
Why do they always say saving 25% of income instead of investing 25% of your income? Was showing my friend a graph and I was having to explain to him that you have to INVEST that 25%, not just save it to hit the goal on chart.
This!
They have clarified it on different shows what they mean by saving. But if it’s someone’s first time watching their content, might be confusing and inducing in mistakes. It’s not the only channel though, as other authors do the same
That drives me crazy too!!! And not just invest, but invest primarily in stocks (S&P 500/Small Cap/etc).
Because you should have some liquid savings that can be accessed immediately, investments are typically not that
@@TrpDean No, the emergency fund is slowly built up over years. The 25% needs to be invested in something averaging 8%-10% a year.
The Money Guy's website recently added and refreshed their downloadable resources; one of the new ones is a pdf displaying what they would consider as being part of (and not part of) the 20-25% goal. Roth IRAs and 401ks obviously count, whereas saving cash for upcoming expenses (car, home improvement etc) do not.
Another survey interesting results: single & married ; male, female, other; what age did you cross over financial milestone
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $60k to invest. Where are you investing it?
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
Bitcoin through 2025, then high yield ETFs through the bear market 26’-27’ that's my plan.
Remember to always work with a financial advisor when starting out to avoid being exit liquidity.
@@MasonKalair Excellent.... I’m working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 50% SCHD, 25% SCHG, and 25% VOO, thanks to my CFA. This strategy has helped me earn $36,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
I’m working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 50% SCHD, 25% SCHG, and 25% VOO, thanks to my CFA. This strategy has helped me earn $36,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
@@Hesse-Kassel Can you share details of your CFA? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
❤❤❤
Love the show guys! Always so motivating
I like the wealth multiplier tool to show how much your money can grow by age, but I wish they’d clarify that it’s showing how much your money will have grown at age 65. At age 50 the multiplier is only 3, as opposed to 88 at age 20, but it doesn’t take into account that your money should keep working for you till you die. At age 50, it’s still important to invest. Those late investment dollars won’t help you to reach “your number” for retirement as much, but they will grow much more than 3x by age 80 or 90.
Our financial journey has had to take a back seat for a while. My wife gave birth to triplets last march. And we already have twins. So she had to leave work. And I’m working full time. It’s been a rough ride mixed in with a huge blessing.
Quads next! :) Congrats on the babies!
Wow, just make sure you have adequate term life insurance & disability insurance for you. That’s lots of people you are financially responsible for.
$1M net worth by 35 seems very very reasonable as a high earning household.
The market has returned well in excess of 8% for the past 10-15 years, and housing recently exploded in returns, so I’d imagine there are a fair number of high earning 35 year olds out there past this number.
$1M in investable assets is a bit more dependent on chosen lifestyle (eg. did you buy a house or not)
Does real estate rental properties count in net worth assets or its just the stock market assets ?
This video just proves that the people who need to be watching most aren't watching. The people who are doing good or mediocre are watching, so it tilts the stats.
I love HSA but a lot of jobs do not offer eligible plans.
exactly. I wasn't offered one at any of my jobs until this year. already maxing it out!
Also with a lot of custodians you kind of need to accumulate a few years of contributions before you begin investing as they have fees for investing and you want about $10K or so to keep the fees low as a percentage of invested assets.
Pays better to be a bull and optimist. Markets go up 80% of the time 🤷♂️ down turns are just an opportunity to buy cheaper. With that mindset hard to lose.
Hard to do this with a family and kids but only 1 income, yet we are doing it
You have to choose between discipline or regret. Which one is more painful?
I'm excited for bos stache phase
What makes a financial mutant? The name, because it is always Manny!
What is money guys take on contributing to Mega backdoor Roth vs taxable account? Can you give me some ratio on how much taxable brokerage vs mega back door Roth will look like?
I'll keep watching the other finance channels like Caleb for an ego boost 😂