How Much Money You Should Save (Amount by Age)

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How Much Money You Should Save (Amount by Age)

This is how much money you should have at your age and how much money you should save ► My Stock Portfolio: ► Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): ► Try Audible and Get Two Free Audiobooks: ► M1 Finance Roth IRA: ► Stocking Stuffers for the Holidays: ► ROBINHOOD Invite Code (grab your other free stock): ► How I Make My Videos: ► Music In My Videos: ►Instagram: ► Ever wonder how to save money fast, and how much you should have at your age? In this video, I explain some basics on investing for beginners, how much money I have, how to properly pay off debt, and how much to have in savings by retirement age. Financial independence doesn't happen on it's own, it takes decades of saving and investing. For me, I need $500,000 saved and invested (in something like dividend paying stocks) at 4% to generate roughly $20,000 in passive income per year to be considered financially independent or retired. These are some money saving tips to stick to moving in to 2020. Pay off your debts, and let's start saving money!

Comments to the video: How Much Money You Should Save (Amount by Age)

Andrei Jikh 1 month ago
Who’s brave enough to tell me their age and NET WORF?
Bandito 10 days ago
16, $2
Lucas O 11 days ago
19 with 45,000
Mir Mohammed 1 month ago
Is 150 dollars / month (salary) for 21 year old good ? Is it possible it to invist if i save 100% of my monthly income ?
Laurie Desrosiers-Girard 1 month ago
18 years old, 15 000$ saved
Baron Swavely 1 month ago
24 net worth around 50k
ewelina kryszczyszyn 41 minutes ago
19 and about £15000
LOS PRIMED 3 hours ago
26 have a car and have like 48k saveed up got some with help some without im about to blow it all ttho cause i want to die around 30
Jesus Sanchez 3 hours ago
I’m 18 with about $3400 saved up
Birb 6 hours ago
I swear that every trader has that lamp.
Brenda R. Souza 7 hours ago
Age 19, networth -800
Croozcrew Gaming 7 hours ago
16 and making 20000$ a year. I try my best to have a social life but I’m busy af. I feel blessed to have the opportunity to make this sort of many at this age but if you work hard enough you’ll be right
Natalie Holch 12 hours ago
This made me feel better
Israel Bautista 15 hours ago
20 net worth 90k
Tristan Helgerson 20 hours ago
Bro I dont know anyone under the age of 40 that's making 50k a year
Andrei Jikh 20 hours ago
50k per year is a very average salary for the US household incomes
Thomas Bringhurst 21 hours ago
I’m gonna 18 with $1,000
darkmanx2g 1 day ago
-94k , 37 years old. Homeowner in Socal does that to you 😭😂😭😭😭
Mike 1 day ago
30 years old. -$30k in student loans. But my Tinder pretends I'm rich and still raking in. Getting Pussy.priceless
Dodger Joe 1 day ago
Where can i find a job that pays 50k a year without a degree ?! but anyway good video, keep going :)
Andrei Jikh 1 day ago
Check out top 10 jobs without a degree video :)
Halit Ekmekcioglu 1 day ago
anything x25 %4= litterally anything* :D it would be shorter if you say that invest, how much you spend in a year
Nikolai Grin 1 day ago
You’re treating life as a game with rules, i’m only 15 and don’t want to think about these set values every decade
Tina Phan 1 day ago
saved 25k and im 22. worked two years in retail too
Andrei Jikh 1 day ago
Good job! You’re doing really good
an american 1 day ago
I’m 16 with just under 5,000 in my savings account. Work 40 some odd hours a week and have a truck that I bought on my own. Not so bad but I haven’t acquired any school debts yet
Black Air Forces 1 day ago
I got 800 dollars at 13
Leroy Jenkins 1 day ago
19 years old 50k net worth 40k liquid Need to invest it as sitting in savings account
sarai diaz 2 days ago
I would’ve had atleast 12k at 17 but I don’t have very good spending habits 🥴
Logan Stone 2 days ago
Sub for chest bumps
Carter Grimm 2 days ago
I’m a 14 yr. old with about 5,000 in my savings account. What should I invest in?
Maclaurian Minango 2 days ago
I wish I could have started saving earlier😕
Quantry 2 days ago
Im 16 and have $120 not much but i dont have a work and am higher then a 20 year old on average
Bálint Kovács 2 days ago
i have like 3k as a 20yr old
Kalli Boi 2 days ago
Andrei. I told everyone at school that I’m 30 but nobody believes me
Joseph Postma 2 days ago
13 2k
Mariana de los Santos 2 days ago
I'm 20 with $133.66
name 2 days ago
41, $1.25M
Eliah Morris 2 days ago
As romantic as saving 50% of your income sounds, for anyone making sub ~60k it’s incredibly impractical. Maybe some tips for people with lower wages and how to move up from there?
DawgterPepper 2 days ago
I'm 13 I have about 1.5k lol
Austin Emerson 2 days ago
this dude said one testicle
Jake Thompson 2 days ago
I'm 16 with 10k
Bot803 2 days ago
Im 23 year old male. I have a little over $200k only because I was hit by someone in a carwreck and fractured my pelvis, collarbone, wrist, and jaw. I have a metal plate on my collar bone and a screw in my pelvis. I can run, walk. You cant even tell except the scars from surgery and glass cuts next to my eye but im in discomfort not really pain. But im getting a mutual fund for $100k i just am overwhelmed theres so many ways to make money when ur given a lot like that
Well*Thy*One 3 days ago
Hard. Assets.
ps4rulez 3 days ago
I would love to change my job but i dont know what im good at.
Rosana William 3 days ago
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Spacey 3 days ago
This is the first time I've felt fine about having $40 on me as a 21 year-old :D
Rosana William 3 days ago
Spacey I confirmed $35,000,000 from hacker Raymond within 5minute he his really amazing you can give him a trial whatsapp +121 3205 2083 you can thank me later
Jax Judges 3 days ago
Im 9 and have 36 dollars to my name
Rosana William 3 days ago
Jax Judges do you really need cool cash from home.i confirmed $35,000,00 to my account through him he his really legit and trusted you can give him a trial whatsapp +121 3205 2083
Shawn0119 3 days ago
I thought he was gonna say smashed one girl by 30
Rosana William 3 days ago
Shawn0119 you can contact him for more help he helped fund my account with 35k within 5minute he his really legit and trustworthy whatsapp +121 3205 2083
Ryan Gough 3 days ago
18 years old with £1000 saved
Rosana William 3 days ago
Ryan Gough I confirmed $45,000,00 from him he his really generous you can text him on whatsapp for more help +121 3205 2083
legendary1v1er 3 days ago
25 and $20 net worth. About $5 after this meal from mcdonalds.
yeyoistheking 3 days ago
just wanted to say that having a roth ira is only good if you're amercian, i've searched anything similar for the country i live in (belgium) and the retirement plan we have here are absolutely bad, better to just invest into an index or something like that (do your own research about how your country work)
Christoph Caruana 3 days ago
Always a pleasure watching your vids Andrei! I'm 22, a recent graduate and have been employed with one of the Big 4 accounting companies. The salary isn't that bad, neither that great considering I've been studying for 4 years and I know some friends with no qualifications who are on the same salary as I am. I really want to be financially free and would like some guidance on where to get started, if DGI is the way forward for me and how much money do I need to see consistent results. Thanks guys and thanks Andrei for your educational vids!
Merve Ramadan 3 days ago
I’m in love with you 💕.
L C 3 days ago
At 17 I’m doing better than a 20 year old 😏
Destiny U 3 days ago
I’m 15 and I have about 80 bucks
ClubberLang 3 days ago
I'm 42and I'm sooo far behind. 😩
Devin Reynolds 3 days ago
I'm 16 and I have $1.74 in change
Marcos Guimarães 4 days ago
I'm 22. I live in Brazil I have an income of +-R$2300/month I invest minimum of R$500/month I have an total of almost12K. All of it investd in stocks, Fii(REINTS of Brazil), Bonds and Criptocurrency.
Ali WD 4 days ago
Let's just say my net worth at 60 is 1M$, when am I gonna start enjoying my money?? Just to be clear life doesn't end at 60 but that's alot of years gone!
SimpleAnimations 4 days ago
10:10 this is a thing now in this channel 🤣
Anke Devos 4 days ago
The story about Alice and Bob Alice and bob work for the same company making the same amount 30.000 a year after taxes, they both want to own their own house. Both rent a apartment for 950 dollars a month, bob thing if he can afford 950dollars for rent than , it's seems logical that he can afford a 950 a month mortgage for 30 years so he does that after all he will get tax deductions for the interest he pays. Alice has a different plan , she starts to budget, and after some tweaking she , started to fund here private bank $800 dollars every month until she got 200.000 dollars this is where here, private bank used its power. She lends money from the private bank 180.000 dollars, since the bank operates from ,the tax haven of Barbados and she is the CEO and only employee/client in the business the bank doesn't pay taxes on income. Officially it's a loan of 3% interest for 20 years she pays 14400 dollars a year or 1200 a month to basically here self, that 14400 dollars goes in to a high return investment fund 7.33% average return, the remaining 20.000 also get invested in to the fund, the tax deduction on the intrest she pays also goes into a high return index fund. So after 20 years she got a house, more than 1.5 million dollars and is debt free. And bob well he still has to pay 10 more years and can only save pennies a month.
GunGamer 4 days ago
We Dutch are pretty easy with asking about salary. age as well. As for women? Ehh depends
Jose Briseno Jr 4 days ago
For 30 yrd it's 5000 low income
Universo Desconocido 4 days ago
I discover your channel and I love it❤
Andrei Jikh 4 days ago
Thank you!! 🥳
Robert Davidson 4 days ago
Trump would be proud !lol
Andrei Jikh 4 days ago
Lol
Shut The Fuck Up 5 days ago
I’m 12, I have $38,368 saved in the bank. *invested*
Jim Beam 5 days ago
I have 40k at 20 trades baby (and saving)
Louis Baker 5 days ago
ok boomer
Louis Baker 4 days ago
@Andrei Jikh I can see that
Andrei Jikh 5 days ago
😂 I’m a millennial
Forgot pants 5 days ago
Don’t save money invest it
Swift Well 5 days ago
Yo buddy.what is your address or zip code.cus taking dumb pictures for thumb nail like that for a YouTube video with stacks your bond to get robbed.really quick 😂😂😂😂💸
Muhammad Mirsab 5 days ago
4:31 that's a great way of thinking, I want to use now 😂
dontlikeusernames 5 days ago
Bouta be 22, 0$ saved but got some debt, tryna flip that before 23 thoo 🤑
Guillermo Crespo 5 days ago
no heating at home mate?
Faez Mohtar 6 days ago
you are so funny AJ haha
brutesmaster487 6 days ago
26 male. have 35k in savings. no college depth, single man no kids. Im going to flip houses for profit next year. wish me luck guys😃
Hasanthe Kill 6 days ago
I’m 14 and I dont make money lol I don’t have a net worth
Nick Cardenas 6 days ago
Just subscribed today and used your link for Webull 👏🏼👍🏼👊🏼 Love the content. Out of curiosity What do you use to edit your videos?
TheFlyingSkye 6 days ago
I'm 18 and I've got about 6.6k. But I'm going to college next year so that'll go into the minus soon
Benon Ano 6 days ago
I feel so bad as a 30 something year old watching this
TheNextGenGlitchersHD 6 days ago
I have saved up 50000$ at 20 years old. And i had 0$ at 18
Freelo Guy 6 days ago
Age 18, $300 in savings lmao feels bad
Stark Twist 6 days ago
15 and have $20 in my wallet😂
Rich Homie Gon 2 days ago
Stark Twist damn bro you’re rich. I’m 20 with $15 in mine
Brent Talbert 7 days ago
I’m 39 my net worth is 385k
Brent Talbert 6 days ago
Andrei Jikh thanks, still a ways from my goal but making a lot of progress these past couple of years. Cheers
Andrei Jikh 7 days ago
Doing great!
Ted Tyler 7 days ago
i came to US 5 years ago and my net worth is 160k (100k in real estate and 60k stocks) i am 32 years old
KnightNight 7 days ago
22 -10k
UrStax Fetish 7 days ago
bs I talk about money all the time. only simps are afraid to talk about money yolo
Ylann Jacobin 7 days ago
well I just turn 23 I have no debt still living has a student and saving around 55- 60 % of my income (I got around 12k saved waiting hitting 22 K to start invest) but I really don't know any safe place to invest and get 4 % return long term. Last thing im french 😅😅 so no IRA no 401K
Lachlan Minns 7 days ago
21 years old, $27,000 net worth
Linkest Hajdari 8 days ago
At 13 i saved $600 that i spent for a new pc
Kristen Wagner 8 days ago
26 and $10k with $200,000 in real estate
Andrei Jikh 8 days ago
You’re doing great !
Nils Lorentzon 8 days ago
I really think you should study the mathematics more if you're gonna discuss it since there is a lot of misinformation. You're mixing your terms almost every time through out the video, mean = average and sometimes you say mean when you are referring to median. Also for normal distributions the mean, median and mode are the exact same value so i don't see how any one of them are better considering they are the same thing in that case. And to say any one of them is better is subjective to what you wish to analyze, if you want to know the typical net worth for someone i would suggest the value which gives the net worth where equally many have more money than you and less money than you which is calculated from the median, but the net worth with the highest density of people having is also a pretty good indication which can be calculated by the mode. Since wealth distribution can be approximated with an exponential function it can be seen as containing a lot of outliers which the mean is very bad at accounting for.
Neil Blalock 8 days ago
Anyone know how to find a job paying around 50k a year? I only have my associates degree
Julian Johnson 8 days ago
I have $400 at 17. I work a part time job and wanna start investing in stocks. Tryna move to LA after I graduate and chase these YouTube dreams!!! 🌍❤️
can we get 100k subscribers with no videos 8 days ago
I am 22 years old with a net worth of (-$25,000) and going to med school with decrease it by $50,000 each year. It’s all about the long game though.
Ahmad Izzat Shahmier Alhamdulillah 8 days ago
Alhamdulillah, Islam is a way of life.
Donna Zed 8 days ago
I guess you didn’t turn on your heater because you’re wearing a coat indoors lol
Cesar Cueto 4 days ago
@Donna Zed I did not notice that
Donna Zed 4 days ago
Cesar Cueto yes for a sweater but 3 layers and a coat ?? What does he wear outside, an another layer on top as well? Ahah
Cesar Cueto 5 days ago
I wear sweaters indoors. Better than paying more on electricity
Chris Pasmans 8 days ago
14 years old, and I have $1k saved in my bank account. I'm planning on to set that money aside and purchase anything from my pocket money/birthday money.
Viral Monkey 8 days ago
28 400k
Jelle Giesen 8 days ago
18 years old. 3000 dollars in Tesla stocks, 1000 euros in my bank and like 30 cash. Got lot of stuff like ps4 big screen, and i got an expensive hobby.
Nails to your chalkboard 8 days ago
I’m 15 held a job since 11-12. I have a 2k car and 1.5k motorcycle (nothing owed) have $700 saved plus ~500-600 in jewelry and valuables. I would like to have $3,000 saved and invested in the next 6-10 months. Wish me luck
Game On Gaming 8 days ago
Age: 20 Net worth: *BULLSHIT*
The Best Me 9 days ago
37 and 0. Just got a big fat hospital bill. It’s more than what I paid for my vehicle. Yet I still live in a house and drive a car. Am grateful.
The Best Me 9 days ago
What I’ve learned about life’s downs is that they’re going to happen no matter what. It’s what you do after those downs that counts.
Yupperdeedoodaaa 9 days ago
I’m 14 and have been into investing since 12 putting myself into a different mindset than others my age definitely helped a lot into me now being 14 and making 3-5K per month
Yupperdeedoodaaa 9 days ago
But sadly need a drivers license to start an llc
Yupperdeedoodaaa 9 days ago
Yup I buy shoes at retail and resell them for more than double and soon hoping to start my own atm business
Andrei Jikh 9 days ago
You’re 14 and making $3-$5k per MONTH?! 😳🤨
Juan Ordonez 9 days ago
“Also by 30 you should at least smashed once” 6:47 Noted
Jaiden Groutsche 9 days ago
Seem like a very wise mind, would love to have a conversation with you feel as if i could obtain a lot of knowledge thanks for the video and inspiration
Chris Carrow 9 days ago
28 with 100$, you could say I'm living the good life.
Andrei Jikh 9 days ago
Spoiled rich kid. Sincerely, - the internet
Zakaria Elk 9 days ago
Thank you for motivation videos
Andrei Jikh 9 days ago
Thanks for watching :)
Lord Nick 9 days ago
I'm 23 - net worth bout 160k. Havent graduated college or entered into a career just yet (due mostly to social anxiety and depression) - though I expect that will only marginally affect my financial situation. Still kickin though
Andrei Jikh 9 days ago
Incredibly amazing position to be in