Median Net Worth By Age in 2024! What’s Yours?
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Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
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⏱️ Timestamps:
0:00 – Start Here
It’s almost like life costs money, and you can’t math yourself out of an inherently biased political and economic system. Best advice is to build an understanding of personal finance so you can make the best out of your individual situations.
Learning to budget is key. Get roommates, a second job, etc. I was saving $34,000/year at 24 and now I’m 32 and saving $240,000/year. I have a third grade education. First job at 14 years old making $6/hour. I never received a dime in my life and my parents will die in debt. It’s doable to save. It just takes sacrifice and a lot of time.
@@suavecltWhat in God’s name have you done to get the ability to earn $240,000.00 a year in savings? Most of us can’t even keep a roof over our heads without a negative net worth.
I watch these to make myself feel better about myself. Call me what you will, but you feel the same way 😁💪
so real being 18 with half of what the mark for 29 is builds my ego so much. I know it aint that impressive but makes me feel better about myself
Just keep in mind that most people aren’t cutting it as far as their financial goals are concerned. Keep your head down and don’t pay attention to what others are doing.
EAT THE RICH
🤡
retiring will not be a thing in 10-20 years with the current birth rates, unless full automation comes to pass.
That doesn’t make any sense. What does a lack of younger workers have to do with me being able to retire? Are you referring to social security?
@@jonasking3670Yes. Without younger workers no one will be paying into the ponzi scheme known as public benefits. Old people will have to pay for that themselves, we are going to see a bunch of employed geriatrics very soon.
Watch your spelling 😉
That’s pretty shitty if accurate
It’s not coincidence that the subscribers of financial YouTube channels have a drastically higher net-worth compared to the “average” person. If you’re conscious about your finances, you tend to do better. I’m about 17 years ahead of other people my age.
i make 90k a year after taxes at age 22 , I know I am above the average income for my age but why do I still feel so left behind
Comparison is the thief of joy. Yes, you have a good salary but you haven’t truly had the time to save and build wealth yet.
What’s your job?
My goal is reaching average, which is so hard. But my other more reasonable goal is reaching median x2
Middle class is defined as income 2/3 to 2x median income. But it really should not be income but net worth, as anyone who blows all their income every month will end up as poor as a homeless person.
XAI32K and XRP together feels like the smartest move I’ve ever made. Don’t wait until it’s too late!
Holding XAI32K and SOL now feels like the smartest decision I’ve ever made. The profits are inevitable.
XAI32K paired with XRP feels unreal. If this doesn’t hit the moon, I’ll be shocked.
Bought XAI32K with DOGE, can’t believe people still sleeping. This combo crazy, gains are insane.
If you don’t hold XAI32K and AVAX now, good luck paying more later when it’s already 50x.
Holding XAI32K with SOL makes me feel like a genius. Everyone else will FOMO later when it’s too late.
Holding XAI32K with ADA is like sitting on a rocket. Can’t wait for the takeoff moment! 🚀
XAI32K and ADA in my bag, just waiting for the explosion. Can’t believe it’s still this cheap.
Holding XAI32K with DOGE, just imagining the insane profits in a few weeks. This combo feels unstoppable.
Holding XAI32K with DOGE feels like the jackpot. Gains incoming so fast, I can’t wait!