another honest truth about money in your 20s especially living in nyc is that there are still a lot of people being financially supported by their parents and gaps in lifestyle might have nothing to do with your individual incomes but rather generational wealth.
Im 20 and I currently have around 30k in a investing/saving account. I was fortunate enough to work in the company my dads work from summer of my life age 16-20 (and will continue for as long as I’ll be in university) so I managed to make more money but here’s what I wanted to say: You’re absolutely right Me and my group of 7 friends wanted to go on a EU trip with the boys and me considering I had 30k I thought that we all could have money since it would cost around 5k $. I was shocked that only one of my other 7 friends had above 5k in their account and 4 of them didn’t even have 1000$. I was suprised and now I understand the stat of almost 50% Americans living paycheck to paycheck
Interesting! only exception is if you are reinvesting into a business that is capital intensive/bootstrapping it. I'm a ways off but have seen people do really well also living a scaled back 20s/30s as they generate for themselves an opportunity with a higher ROIC than taxable investments etc
Bryan, love your content mate. There’s a book I’ve been reading called “Die With Zero” and I’d love to hear your thoughts about it. Ali Abdaal has an excellent book summary on it. Keep making videos, you definitely fulfill a niche. A conversation with a young intellectual about interesting topics.
another honest truth about money in your 20s especially living in nyc is that there are still a lot of people being financially supported by their parents and gaps in lifestyle might have nothing to do with your individual incomes but rather generational wealth.
10000%
Great point
Im 20 and I currently have around 30k in a investing/saving account.
I was fortunate enough to work in the company my dads work from summer of my life age 16-20 (and will continue for as long as I’ll be in university) so I managed to make more money but here’s what I wanted to say:
You’re absolutely right
Me and my group of 7 friends wanted to go on a EU trip with the boys and me considering I had 30k I thought that we all could have money since it would cost around 5k $.
I was shocked that only one of my other 7 friends had above 5k in their account and 4 of them didn’t even have 1000$.
I was suprised and now I understand the stat of almost 50% Americans living paycheck to paycheck
Yeah it's very prominent, good on you to have that much so early
Interesting! only exception is if you are reinvesting into a business that is capital intensive/bootstrapping it. I'm a ways off but have seen people do really well also living a scaled back 20s/30s as they generate for themselves an opportunity with a higher ROIC than taxable investments etc
Bryan, love your content mate. There’s a book I’ve been reading called “Die With Zero” and I’d love to hear your thoughts about it. Ali Abdaal has an excellent book summary on it. Keep making videos, you definitely fulfill a niche. A conversation with a young intellectual about interesting topics.
Hell ya, thanks my dude will get the book
new subscriber, love your personality and videos!
Thank you!!
They have nothing because of downpayment for properties
Also not a bad way to invest
i just turned 19 and i have $120k
GOAT
Brian do you invest in crypto or is it just your job (and if so, what?). Also great video as always
Just a little bit but most of my net worth is in s&p
Which brokerage do you find is best to invest in the S&P?
I personally use fidelity
Fidelity is a universally praised
Do you buy ETF when it’s on it’s all time peak like these days?
I buy a set amount periodically regardless of price
@@TheBryanJun like for example 10 shares a week or a month?