How To Be Rich At EVERY AGE (hit these targets)
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- เผยแพร่เมื่อ 3 ต.ค. 2024
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Today I'll be going over exactly how much money you need to make by every age according to the data!
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As a thirteen year old watching your video, it has helped me a lot to have a clear perspective of what to expect for my future finances. Thanks!
me aswell.
but i recommend this:
start even earlier with a few jobs to get initial capital
then invest 70-100% of that money
repeat this cycle
i do t really see how you won’t hit 200k+ before 20
i’ve already started (3 months ago) with a job, and i’m at 10k now
Y’all way ahead of the game I was playing Pokémon 😂
No, this guy is just another clown saying things that push the buttons of people who don’t know any better. All he says is basic advice like “invest in stocks”. He doesn’t actually provide any amazing guidance
@@jaymcbakerk owh... Could you recommend someone who gives specific feedback and guidance?
@@coppervalley_1660 U telling me that someone pays a thirteen year old 3.3k a month???
Glad I came across this video as I was literally just thinking about this earlier today. Going on 28, job that pays $57k and nearly $70k next year, have an employer-matching 401(k) and Roth IRA, invested in stocks/precious metals, and bought my first rental/investment property last year. Hard not to compare yourself to others, so it’s really encouraging to know that I’m actually doing well for my age.
I’m 28 next year and I’m on half of what you are on and I’m one of the best paid in my age bracket I know 😅
Damn Im the elon musk for my age group lol
@waterdillown Hi! if you dont mind sharing, how did you buy that property? Did you buy a house for cheap that needed a lot of work or
im no where near that. I live at home but I do have two nice cars but that was a stupid decision. I got a good credit score but no home. Right now im trying to transition to being a software developer but hopefully I can catch up. Im trying to be like you man that's some good stuff right there.
Thank you so much Mark for this video. With these clear goals in mind I don't have to question whether my goals are too easy or too difficult to achieve. I may only be 13 now but 13 is the legal age you can start work which is exactly what I've used to my advantage, see you at the top...
Respect. With 13 i only focused on school. You will make it very far.
Hi. Great job 👏 with this go get it mind set you will do very well my friend. MT 😎
Hey! exactly same here mahn! I'm only 13 and I am really looking forward to be the richest in my family. My goal is to start a business and become financial independent cuz even near my area I saw a lot of people struggling with money and I dont want that struggle!
@@rohithmohan0 That’s the spirit 😊👍
Im 14, turning 15 soon. Keep ur heads up! See you at the top (hopefully)
I’m not sure if this would be challenging or not, but would you consider adding GBP to your videos for us fans in the UK? For example: “$34,448, or £27,534 if you’re in the UK”.
Every state is different, the uk has an obviously bigger currency so people get more, try to hit even more to be considered richer
@@X3non207it's completely the opposite here in the UK you get paid less
@@X3non207in the UK £12 an hour is considered a good salary and in America is not even a minimum wage
Hi, I don’t want to add to many figures to a video and it’s easier to use dollars as it’s the worlds currency. But what I would do is substitute the $ for £ and keep the numbers the same, then you will be doing just great. Thanks MT 😎
@@ahannaogbonna3029 £12 an hour definitely isn't a good salary
Mr marks channel is gold for a 15 year old who wants money, Thanks sir
There are plenty of overworked and underpaid people, they may even be a majority. Hard work doesn't guarantee success of any kind.
Hi, it does if you put in the extra work and invest it, it may take time but it’s easier when you are young. Thanks for watching MT 😎
This is a great video for people (mainly young people) who don't already have their finances in order, but for the few that actually want to get truly wealthy this sets the bar unbelievably low.
Your iq is low
Yes saving only 20% of one's income seems very low if one wants to become wealthy. I think 80% is closer to the mark.
I’m 32. No money. Started a video production business 7 years ago but have no idea what I’m doing. I think I’m a good filmmaker but a bad businessperson. I used credit cards to buy equipment, didn’t make the money to pay it back, now my credit score is destroyed and I’m kneecapped with all the debt. What little revenue I do generate seems to go all towards paying off what I owe, preventing from expanding my business. I feel stuck and don’t know what to do. Been spinning my wheels for years going nowhere. It’s difficult for me to hold down a traditional type of job because I have some health complications where I can’t always be at work every day without some degree of physical pain. I’m not blaming anyone and realize I’m not entitled to anything but I am tired of being broke. I moved back in with my parents two years ago because I can’t afford a place on my own.
Join the military. Never too late
@@WalkerHungatewith health complications? I don’t think so
@@WalkerHungatelol yes it is
Seems to me you need to address your debt situation. Pick up another source of income until it’s paid off, maybe Uber?
22, turned my hobby into a career making 70k a year. ~60k net worth, 780+ credit score.
I have yet to start investing though.
Pretty much attribute everything to the way my parents raised me.
@@wunna5680 Parents had me as an authorized user under their credit card when I was younger. Though I never used it, it helped me build credit.
Ever since 18, pretty much use credit cards as debit cards.
@@juanmontes7878 alright cool , I didn’t know that was a thing . I thought you had a certain bank / credit line . All good thank you for responding tho and take care boss
What is your hobby and is it a business?
I used to be so scared of the stock market cuz of all the misinformation when I first learnt about it at 19, but now it’s my goal to invest in it before I’m 24
Hi, there’s no better time than today! MT 😎
Do it now. What are waiting on?
Best advice is if you have spare cash then pick a stock and keep going
Find a stock in an industry you understand, with a company whose management you like, and a company that is stable in profitability and debt, and most importantly IMO make sure its book value is lower than its market value
Your goal is to invest in it? Are you waiting to pay off all debts before you start investing? Otherwise what are you waiting for?
Thank you Mark , from France for all of your advices
I want to take my time to say thanks mark. Im in the military and i don’t have much of a freedom to increase my pay other than promotion since its funded by taxes. This wake me up and wish school taught us instead of filler subjects that meets their “criteria” whatever that means.
Thanks for the video, I’m 14 years old and this video helped me understand more and about business and prepare for my whole life, thank u once again! 👍
38. Mortgage fully paid off, 2 buy to let's bought, 25k in pension, net worth 500k. Getting there Mark
Hi, that’s well on your way, it’s so cool do many of the comments are people doing well and also people being inspired to do well. Great job 👏 MT 😎
@@marktilbury the type of person watching videos like this are financially aware. Its the ones not watching videos and learning finance we should be worried about. That was me until 26, then I changed, its amazing what you can achieve in 12 years with the right attitude.
Even though I know you sir for only one month but you inspire me very much during this time. I appreciate what you do a lot.❤
Mark is quite correct with these decade by decade scenarios: the potential for all us normal working folks. I have followed the stock market for quite a few years (decades). One important point I can vouch for is that it takes money to make even more money. It amplifies and grows on itself in a miraculous way if well handled. Now the 3 cornerstones of my burgeoning investments are: stock appreciation, dividends, and selling option premium such as covered calls. It can seem difficult in the early years, where real wealth seems far off and elusive. But stick with the plan, develop your skills, and over time it WILL pay off.
I feel like most people do the mistake that when they young they just don't care about money and spend it like crazy, and when they in their 30-40s complain that rich get richer
@@entorid6902 Exactly.
Love your content helps me a lot.
29 years old, worth around £550k and now happily retired. Got there by working my ass off building my business (started when I was 22), saving nearly everything I earned, and had a decent ish exit too (120k) which topped it up nicely. Wasn’t earning crazy amounts but I was just very frugal. How am I retired with ‘only’ 550k net worth? Invested around 400k into properties which are netting me on average 10% (without taking into account capital appreciation :) ),40k per year is more than enough to live off for me and my family (I’m married with kids - and actually manage to still have about 10k per year left over currently, cost of living in Egypt (where I’m currently living and studying) is prob half compared to uk…). Aswell as about 50k invested into stocks, and about 50k invested into high risk stuff such as crypto and a few startups aswell (invested in startups through cur8 capital). And around 50k in cash. I actually hated running my business, it wasn’t something I enjoyed and it was actually very stressful, but I persevered and worked hard as i knew it would help me to reach my goal of getting to ‘retirement, now i can freely do what I wanted to, which is travel the world, study (my religion primarily, aswell as anything else I please), raise my kids to be the best human beings possible, and a few other things. Will I/would I work again / do another business again? Yh maybe later on in my life, if I find something I’m passionate about, but for now I’m more than happy with what I have and want to pursue my current goals
may i ask what you did for business? a fellow 22 year old muslim here and I want to live the kind of life you've described (pursuing religious studies and travelling). Also any advice you have for your younger self?
Okay
29 and retired on 550k? With a family? Yeah good luck with that….
@@jaymcbakerk you didnt even read his whole comment
@@jaymcbakerk curious to know why I’d need good luck?
I started Daytrading, with quite a high level of success too.
apparantly I'm quite decent at it so I'm goanna keep it up.
Hi Mark, my name's Mark as well, i very much think you and me are alike, i'm very focused on wealth building and living an easy, well-planned life. I'm 32 years old and i follow your videos religiously. I think your videos are by far the best on youtube. Would love to meet you some day, we need your wisdom so i hope you live a very long life!!!
Hi, thanks for all your support, I will keep the videos coming. MT 😎
I’m 35 with the 50yr+ net worth. Felt a lot better after watching this.
Hi, great job this is where we all need to be and keep building that wealth. MT 😎
Thats awesome, may I ask what you do for a living
@@_StepUp I work in a tax dept as a manager so not a very flashy job lol. Mostly came from personal investments in real estate and technology stocks/investments.
I would like to point out to everyone that, even to Mark, nobody hit millionaire in the “rich” category until 50 years old. Youve got time!
Guess I'm "rich" at the age of 22.
Yo Zig! I love your stuff man! Played BTD for a long time now, surprised to see you here hahaha
Another great video, thanks! As a financial adviser I'd even say to get life insurance fixed in your early 20s/30s as it will save you $1000s over the duration of a policy (based on NZ) 👍
And hold it in your superannuation
I’m very lucky to have just escaped the trap of not understanding finances in my early 20s. Only really got my act together for the last year or two (I.e., steered clear of any payment plans / credit on things I couldn’t afford otherwise) and for the first time in my life my net worth is a positive number rather than negative. For anyone who got themselves In a sticky situation with credit cards, finance and loans. All it takes is being honest with yourself as to what you can and can’t afford and budgeting;it’s only once you actually detail all expenses and give yourself an allowance that things start to look up
I’m 30 and net worth at around $220,000. I started making $265,000 last year as a senior engineer at a big tech company. I did splurge and bought me a nice car but it’s not gonna ruin me to live life fun once in a while. Im still saving money each month.
Hey Mark, I had a question I am about to be 16 in 2 months and have started learning loads about the stock Market do you have any suggestions on where to get started using a custodial brokerage account? Another question I had was is there a specific bank you would recommend like EECU, Bank of America , Wells Fargo, etc
Hi, I can’t recommend a bank as I don’t use any in the USA, I can however recommend Vanguard for index fund investing with a custodial account. Thanks . MT 😎
You're always making a good video though, very interesting YT videos you make
yes the videos are always great`
i like this new format of video
42 years old with 600k net worth. Zero debt.
@@chancecooper9246 hi, That’s Fantastic! MT 😎
@@shrikartummala8055 hi, that would be nice! But not necessary, I’m happy if I’m helping you. Thanks for watching, MT 😎
@@marktilbury Hi Mark, I’m 34yo with a net worth of 2.4million. Unfortunately, the bulk of my net worth is due to the house I own and live in which is worth 3.5million. I owe about 1.1million on it. Should I still consider my home in my net worth calculation?
Wow dog that’s cool
Nobody cares
I am 16 at the moment, and I started an iPhone reselling business ago. I would like to move on after 18, with the car reselling, so my net worth would be bigger than the average. Thanks mister.
Honestly seeing these videos as a 25 year old make me feel good since I’m above the average for my age group. Just want to keep growing my foundation and take some risks for FIRE
Thanks Mark, youre advice is always welcomed.
25 years old with a net of 73802 as of today checking in
Hi, great job 👏 keep building my friend. MT 😎
me 2 months from being 30: great, im set up well for the 25 to 29 bracket!
me hearing the 30s bracket: oh. nevermind.
this was great timing, Im 29 and always feel way behind with a net worth around $300,000.I surround myself so many people mid 40's who own there own company's who compare self to. It truly a great motivator to push self and be ahead of the curve but nice have some reassurance doing ok.
There is a saying: Don't work too much or you won't have time to earn money.
Considering the richest percent of the world isn't producing anything of value with their "work" I find there is a hidden truth in this saying.
Maybe I should start voting for politicians that give me rich peoples money. Not productive, but with productive efforts you rarely seem to make money.
I'm 22 living in midwest US, making $85k from full-time job, putting away $3,000/mo ($500 in savings, $2,000 in brokerage account, $500 in 401K), my current investing returns roughly 20% annually (not sure how long this rate will last haha), have $15,000 in savings and no debt.
What else should I do to grow my net worth? Real estate or side business? Ideas?
Hi, sounds like your doing great, I would add some real estate to rent out , all ways nice to have tangible assets. MT 😎
Hey, what do you do for work? I'm looking at a bunch of different career options and would love to hear if your type of job would be a good fit for me!
I made decent money as an accountant. especially when compared to my background, This year I quit and risking it all to back myself and my own businesses. I barely make enough to cover the bills currently! but there was a burning desire to build my own assets and be my own boss. its hard.. really hard, but I love life again. fingers crossed I can make it work before the savings run dry!
I believe it will all work out.
Hi, good luck my friend, running your own business is hard but the rewards are so much sweeter. I wish you well and if you need support then it will be worth joining my discord group it’s full of like minded people and free. Thanks MT 😎
Let the challenge begin!
Mark, you've hit the nail on the head! As someone who's navigated the ups and downs of entrepreneurship, I can't stress enough the importance of investing in oneself. It's like you're reading my life's playbook! I remember when I was in my late teens, I was investing in my fitness consultancy skills, and it paid off in the long run.
And oh, the student loans! They were a nightmare, but I managed to pay them off by my late 20s. It was a huge relief, I tell you. I also agree with your point about credit cards. They can be a double-edged sword, but if used wisely, they can be a great tool for building credit score.
Your advice about investing in the stock market is spot on. I've been investing in stocks and it has indeed been a great way to build wealth over time. And yes, the importance of being financially independent from parents cannot be overstated. It's a crucial step towards financial maturity.
Your point about focusing too much on saving and not enough on earning resonates with me. I've seen many people fall into this trap. It's all about striking the right balance.
Finally, your advice about planning for an exit if you own a business is something I wish more people knew. It's a crucial part of the entrepreneurial journey that often gets overlooked.
Thanks for the insightful video, Mark. It's like a roadmap for financial success. Keep up the great work!
Seems like you have read (and summarized) "small habit, big rewards" by Nathaniel Brooks. I found most of the tips of this book in this video. Nevertheless, thanks for providing this information!
I’ve never read it but must be a smart guy, my tips come from real life experience 👊 MT
So the home is Included in the net worth amount of 30-40 year olds?
I’m 19, and saved money from 15-18 to invest. Soon as 18 hit I invested 40k into my IRA and traditional brokerage account. I have 3 credit cards, 760 credit score, and bought a beater car for 2k. Living at home definitely helped me save this much and am saving some liquid cash to move out soon. I still pay rent to live at home but not nearly as much if I rented an apartment or house. Wanted to get in the market asap though.
Hi, WOW ! You are on top of your game my friend. You are a great example of having the right mindset to build an empire when you are young. Great job. MT 😎
How? Normal people are occupied with struggleing through school at that point (which is really useless if you ask me) its all just a giant indoctrination machine.
@@marktilbury is it possible for me to do of these principals or step in Nigeria sir?
Lovely and incredible video as always. Thanks a lot 🙏
Hey Im 15 years old and I’m currently making 100 pounds a month on my paper run and recently invested in physical silver. Now I’m investing in index funds stocks and crypto. Is there anything more I need to do so I can reach your level?
Hi, if it was me I would go steady on the Crypto, the index funds should serve you very well. Silver is a tough one as I see it as more of a value store than an investment. Thanks for watching your doing very well my friend. MT 😎
I understand your busy so you don’t have to reply but thank you so much for your comment I really admire you and aspire to like you. Your the reason that I’m wanting to succeed and am succeeding so thank very much . 👍
I'm 16 and just finished setting up my first business, hope it goes well. Thanks Mark!
Hi, good luck, remember there will be ups and downs along the way, keep focused on what’s working and keep making that better. Great job MT 😎
HI mark i am 17 yrs old and i wanted to know about how can i start making money and what are the ways and ideas over it .😁
could you make a video explaining a custodial account to parents and why its important to have
Hi, I will see what I can do. Thanks MT 😎
You covered everything except the afterlife, how do we earn the income to live a happy afterlife?
Learn of Jesus
As a 17-year-old, should I invest 50% or as much as possible? I'll live with my mom for now so I don't need to worry about debt and other stuff.
Hey Mark, can you give some money advice to the teenagers to achieve the goal of millionaire
Hi, save hard, learn about investing and start an index fund as soon as you can. Thanks for watching MT 😎
There's no blueprint for life but you have given more than what school ever has in the past 100 years, all summed up in 10 minutes. It's ridiculous that this is simple information that no one is taught
Im 25 years old with net worth of $130k. I've been working hard since age 18.
My personality and my childhood poverty helps me focus on this goal. Soon I'll be buying my first property investment with a deposit of %20 :) and second one at age 27.
It gets lonely sometimes. Hopefully it all works out at age of 30. A goal where i can finally travel and try new food, new people yet work in a little amount of time.
yet i get to do all this things but i get richer and richer :D
Thank you for your honest and genuine answers at weston much appreciated
Everyone needs to watch this video
First, thank you for inspiring and changing lives. I want to change but im lazy how do I get into routine?
Hi, either bring lazy or not is all in your own control , just remember being lazy will never get you anywhere but if you work hard and invest you have the chance to live your dreams. MT 😎
I am a 18 yo about to turn 19 next month, and my net worth is $300, I have no way of earning anything till I am 20, because I am a full-time student... I gotta do better bro...
@anshika20614 😒😂 u r right
@anshika20614 kyu batayu?
Mark, you're the best teacher I have ever met! You showed me many ways on how I can achieve my dreams!
Plan and make your financial retirement in one max 2 years. Start with a good number ($2.5m) to be put in Endowment Fund with Interest 2.5% fd. Focus until you get the sum as fast as possible in a vertical way. Find your niche
what is your opinion on real estate and rental properties- its something I am looking into (when I am old enough) and would love to hear your advice
Great video as always Mark! Thanks for the wonderful advice!
Oh btw, don't get married because once you get divorced it will be half this amount...
Don’t get married to the wrong person*
For men, usually they get wealthier when married because it brings more responsibility, for women it seems like it doesn’t matter.
Double the 30-40 median at almost 34 years old. I'll keep going, will probably hit the average by 39 💪 (although with inflation we should reevaluate the average by then)
If I am almost 14, what should I do now to became successful? I don't know who I want to be in future yet but I want to make big amounts of money. Can you give me some advice?
There are many people that are overworked and underpaid, and they may even constitute a majority. Hard work does not ensure any form of success.
Smart work done :) MT
Hey Mark Tilbury, I disagree with with the statement "Early on, don't try to be too diversified" ( 5:38 ). I understand where you are coming from to find that one interest and make risk since we are young. Except at a young age if you diversify, learn the assets you are investing in, you can have a better knowing of which asset class is ready to make you money or grow in the time being, for example let's say I invest in stocks, crypto, and precious metals. 3 assets that are very different to learn from, they are also very easy to get access to at a young age, they grow in the long run. Point is diversification is key to learn and to grow.
Later on you have a diversified portfolio, and take more risk since you learned the markets and can afford to lose.
I think these goals are probably decent until the 40s and 50s. Rich at these ages is surely higher than 1.2mm net worth, even if that is wildly above the median. 1.2mm might generate something around 50k a year based on the 4% rule, not peanuts, but certainly not traditionally what you might consider "rich" either.
Hi Mark
get rich before its too late!
Mark i just got out of highschool and my parents are giving till the end of summer to get a job. What should i do to be financially free so that i dont get stuck in a 9 to 5 job for the rest of my life? If possible can you make a video about it? Please these are possibly the most crucial months of my life.
Hi, you don’t need till the end of the summer, you only need to the end of the week! Any job is good because when you have a job every employer you look to work for will likely see you as an asset. It’s a bit like getting a girlfriend, once you have one you are seen to be more attractive. Get a job and do as many different ones as you can until you find what you like. You have plenty of time as long as you’re figuring things out and not wasting your time. MT 😎
If you want to start making more money and not be stuck in 9-5 you have two options, college degree/trade or starting a business.
Who should I watch to learn how to invest. I really want to begin investing though I have little knowledge in investing
Hi, I have lots of back videos that cover this, please take a look they should help you. Thanks MT 😎
@@marktilbury Ok I will thanks for the suggestion 😁
Stock picking doesnt really work not even the big hedgefunds are able to outperform the market, very seldomly you just get lucky by buying the right thing at the right time (worked for me but that was just luck, bought crypto 2020) but thats just like a casino if you ask me... you might look into getting at least some precious metals (cant go wrong with that)
@@jimpanse1638 thanks for the advice 😁
I'm on track but kinda scared about heading in to my 40s.. Quite a big leap
Im sorry but im going to disagree at age of 30-50.
This is the age where you money works for you. You shouldnt focus too much of getting rich at all.
Time is money.
U can get more money but not time.
Woah woah woah, been watching this channel for awhile now but I’m starting to feel like I accidentally paid for TH-cam premium
I have 16 years and i watch your videos but i dont know what to do what i should start first
Hi, keep learning and saving until your eighteen. Good luck MT 😎
@@marktilburythanks i will but i still dont know how to save if i dont have any cash
Really nice to see the brackets and give drive to people trying to reach them. Always look for a new target to reach for but never forget the work you put in and the people who supported you. Last year I reached my first goal of getting my net worth to 100k before turning 25. It was really close and only had a few weeks to spare. Next goal is 250k by 30. My end goal is to try for 1m by 40.
Hi Mark, I just wanted some advice on my current situation.
I am currently 24 years old with no job and living at home with my parent. I was made redundant 2 months ago and have been actively looking for work ever since. Although this is a really hard stage in my life where I feel completely useless I have great ambition and want more for myself and the people around me but struggle with ways to go about things physically and mentally.
I have spent nearly all of my rainy day funds while looking for work and days seem to just be getting faster and faster as I am doing nothing, it can be get really depressing.
Any advice could help and I am open to scolding in the replies if there are any. I am not looking for sympathy but a way to get out of this hole I feel like I am stuck in.
Thanks for these videos. I am really inspired!
From a new subscriber!!
It might look dire, but you have the greatest asset that money can't buy. That's your youth. Time is on your side. You are allowed to take risks and fail, people expect you to fail, it's part of the journey. You're currently living at home so you should be even more emboldened with the "get rich or die trying" mentality.
First you should be exercising at least 5 times a week. Taking care of your body will aid greatly in physical and mental health. Last thing you need is a missed opportunity because you're too sick to grasp it.
Second you need to be learning new skills, especially since you stated that you've been made redundant. You need to be exploring your options and finding what are your strengths and where you can apply it. In the meantime, find a temporary job to sustain yourself, but don't get complacent. Use the money to invest in yourself. Books, courses, coaching, appearance, etc. Anything to give an edge over the million other guys like you.
Third, you need to be outside expanding your social network, by meeting new people and solidifying bonds you already have. Your home is only for sleeping. You need to maximize the efficacy of your day. You should be exhausted by the end of the day when you come home. There's truth to the saying, "it's not what you know, it's who you know."
And lastly stick to it. It's going to take time but maintain the vision of what you want and understand that it is obtainable. Things will get better but it requires an honest and serious effort. Maximize your time.
Good luck 👍
It will get better mate, just keep reminding yourself. Work hard and make good decisions and your life will turnaround
@@jacobb2010 yes sir, cheers for the encouragement 👊🏽💙
Me, literally the same situation
Most people with adhd don’t realize it until age 30 or 40.
If you’re bouncing around a lot. Try therapy. You can’t help others and make money until you like yourself and can regulate emotions.
Good luck 🙏❤️
Great video! I guess im rich for my bracket lol! Lets try and keep it up 😂
As a young teen, I definitely needed this video
@marktilbury123 Stop scamming people, nobody is that dumb... I hope. Delete those comments before I report you for impersonation.
Really useful piece of advice if u r under the age of 15
Curious, are you including your primary home value in net worth?
Hi, yes but only the equity you have within it. MT 😎
@@marktilbury thank you, that’s how I do it also. It’s just always curious having to live somewhere lol. Cheers!
Hi Mark does this include inflation?
Kind regards
Steve
Babe wake up mark tillburry just dropped
Good advice for the homeless and over 70 years old people. Thank you ❤️🎶
Thank u for this!
Nice to see that you are on track :-) Thanks!
As for credit building, just pay off credit card every month. I’m 20 years old with 720+ credit 0 loans ever, 2 years of credit card use. I spend tons of money on the credit card, never been conservative on the limit, and builds excellent still. Never understood not spending whole limit at a time if u need/want to, it won’t hurt credit as long as u pay off
would not have guessed i was "rich" but according to this, I am..what a relief lol
Well, by the standards laid out here I'm on the poorer side. I'm only about 30% towards the target for 50+; however, I have free time as a retired vet to start a business. And my income is about $70k net. On the plus side, I do have about 430k in dry powder for investment opportunities. And my costs are low as I rent a room and drive an older car as well. LOL, I'm not a big spender and don't need to impress.
Hi, just keep grinding for a bit longer and with low overheads you should be ok. Good luck. MT 😎
I’m 19 work quite hard as a cook and still have no money how are people out here at 17 with over 25k
Hi, I know it sounds hard but it’s because the are hustling and investing the extra they earn. Build as fast as you can when you are young. Thanks MT 😎
Hey I'm also 19 and have been doing a software engineering degree apprenticeship since October last year. Got about £28k cash. Simply put, I have moved out and live fairly frugally and pretty much followed the advice on this video for our age bracket (and the biggest reason why I have this much is I'm fortunate enough that my parents were very generous with the amount of savings they gave me - about £18k).
@@Luke_ that’s awesome good for you I’m still grinding every day and I’ll hopefully get there eventually
@@marktilbury Yeah mate I’m trying my best everyday hopefully with good guidance from channels like yourselves I can get above the average joe
@@philipsinclair5575 Yeah mate you clearly have the right mindset for wealth if you're watching this video, I reckon like 95% of people are age don't watch anything about this kind of stuff. If you keep grinding and you're savvy with things like stocks and credit cards, you'll be doing just fine. Are you working as a chef full time?
first, amazing vid
Crazy how so many people watching a video like this have hundreds of thousands of $ at such young ages🤔 anyone seeing these comments and feeling down that you’re not in/above the average, don’t worry, most of these people are probably lying. Stay in your lane and you’ll get there.
Thank you
Mark, it’s about time you made an update video on crypto as it’s clearly changed over the past year or so 🤔
I’m 29 i do own a home technically I have a negative net worth but if u take out the mortgage I’m already considered rich in my Category
Hi, just keep pushing up your earnings and keep investing my friend MT 😎
This is a very useful and well done video. Keep up the good work sir!
24 years old here with 120k plus an unknown amount worth of rare magic the gathering cards lol
Hi, just being aware of where you need to be will help you get there. Good luck my friend. MT 😎
in networth, house we live in and car we use included? or just investments?
Hi, everything you own less what the dept is. MT 😎