The way you're thinking about it (early) and have such a great goal with actual results...no question you're going to get there! Great job and keep it up!
Glad someone is talking about this. I make between 80-100 a year being home as a welder. If I invest right, learn skills, buy real state or own a business and live within my needs I can become a millionaire by 40 with a 9-5 which is OKAY!! 40 is still young if you healthy. Health is wealth and I’m 27.
When I scrolled past and saw Steph Curry talking about making his first Mil by 40yo. I was like "wtf? boy ain't no way"😂 You got to put a (Not Steph Curry) disclaimer in the title of the video or something lol
Hey -- great video and plan. I'm a few years older but made a very similar sheet with what you did. Creating a plan and being disciplined with it has finally allowed us a very comfortable lifestyle currently and all the hard works and discipline paid off -- I wish you the best for your plan and for getting to that number sooner!
You are KILING IT! I’m 31 with under 100k with same income as your plan and want to stop contributing at age 50. Wife and I plan to have under 10m by 65 which is way more than we need even with inflation. I can eyeball your numbers and tell you’ll be ahead of me. 30s are rough with wedding, children, and house down payment but even if you lowered your savings rate temporarily to weather that storm, you’ll still have way more money than you need… Given your plan, you’ll likely pump the brakes and start enjoying the present, but doing what we’re doing now is setting us up for those options in the future. Avoiding debt like the plague is definitely key. We’re already multi millionaires… just have to wait to access it. I’m light skinned with green eyes too so I know the Steph Curry jokes get old 😂
haha facts just gotta run with the steph jokes at this point. Appreciate the comment man and good luck to you and your wife sounds like you guys have a great plan!
Bro, you realize people are living into their 90's if you are a millionaire at 40 and you retire you will run out of money by 90... But we are definitely on the same path by I'm following the Dave Ramsey path. I'm 100% debt free and I'm saving to buy a house and I'm invest 15% of my income in a Roth IRA and I'm investing in a brokerage account which $1100 a month. I'm probably going to increase because I got 20k in my checking account that not really getting any interest
Great video bud. I started getting serious about personal finance at 30 and designed a chart similar to yours. I also had a goal of hitting 1M net worth by 40. Im 34 and hit 500k earlier this year but im projected to hit 1M by 37-38. One thing that supercharged my net worth was getting married, being on the same page financially and combining finances. In the video you mentioned that you wont be able to buy a house or get married with this goal, however I challenge that! Getting married is the cheat code to financial independence. Best of luck on your journey, just subscribed to your channel.🎉
Brother, love the goals and the video overall. I don't know your personal financial situation in and out, but I'd encourage you to increase the percentage of your paycheck that you save. Right now it looks like you're at 25%, but I would challenge you to find ways to increase that to 30%, 40%, 50%. That will fast track your road to a million. Make sacrifices TODAY- find the bargains when you shop, go out and find the fun free things to do in life. You don't need money to have fun. Sacrifice today for a prosperous tomorrow.
@@Diablobuster appreciate the advice! I’m a little over 30% right now, gradually upping the percentage, but my main focus is on increasing my income and keeping my lifestyle the same.
I would prioritize investments in a 401k (preferably Roth) before regular brokerage. This is obviously a little nit-picky, but there are better tax benefits for 401k.
@@stephenvannevel9216 yeah the tax benefits a great, but I want to retire early so I need money in a brokerage as well. Would love to get to the point where I can max out my 401k and put money in a brokerage though.
You got this! Love to see it. New subscriber and looking forward to the update video in a few years when you hit 1M. One item I noticed, you do not include any compounding in your calculations. You will hit that 1M before your targeted date with your focus, knowledge, and discipline. Keep it up.
Yo Josh. We went to college together at Pitt, and we make basically the same type of content. Kinda funny seeing you pop up in my feed Hoping we can both motivate each other to continue to do this content stuff. Great video btw
You got this Josh! Congrats on paying off your debt. I started calculating my net worth last year. I'm 26 now, my goal is to reach the first $100k by my birthday July 2025. 37% away from that goal.. and of course the next goal will be $1m😁
@@fte8468 to be honest I haven’t invested much at all in crypto the last couple years. I bought btc and eth and a few alt coins in 2020 and sold off all my altcoins into btc near the peak in 2021. Since then I’ve just held the btc and eth I bought and let them appreciate. I got lucky with the timing of my buying and selling. Portfolio break down currently is 70% btc 30% eth
Keep uploading bro! Dont stop and youll be there faster than you think with compounding. And your channel growth will create another stream of income and subsidiary income streams
Hey man great job getting out of debt that’s huge. Just my opinion completely. But the crypto % of your net worth is scary. Your living expenses are also rlly high, maybe look at them again. Spending 4k a month on living expenses by yourself is kinda crazy. Shaving that down is where I would look for spare money ngl.
@@MxRoxNetwork appreciate it man and you’re right, my whole focus right now is getting that percentage down. For context I live in LA so 3-4k is already pretty frugal
It was all based off wanting to increase how much I invested each by $500 each year. So $500 x 12 months = $6000. Factor in taxes which I calculated based on the maximum possible income tax rate in CA, which would be about 50% (I’m not in that tax bracket but used it just to be safe). So I would need to make $9000 more a year to increase my monthly investing by $500. Then I just rounded up to $10k for the hell of it.
47 w/ a networth of $2.3M. 750k house equity and 1.6M investments. I know its a subtle brag, however i want you to shoot for the starts and never give up. It all comes down to consistency and purpose. Just don't let the love of money get in the way of our Lord Jesus Christ. I believe you will hit your goal before then. Gratz and never give up. Have fun along the way, very important.
It takes 5-10 years, work a steady day job and invest, rn prob best to dca in crypto and any of the mag 7. For next year put it a stablecoin or brokerage account and accrue the 5% interest and dca again into stocks or crypto for next year and just keep adding to ur stables. Dont take out loans, leverage, or use margin. U can trade but only cash on hand, if you're out dont use any of the money you have in your stables accruing gains from interest
@@Lestergreen77 I don’t expect my salary to increase 10%, the plan requires a $10k increase per year and majority of that yearly increase will have to come from my side hustle which will be more realistic to scale. I explain it in more detail towards the end of the video if you’re interested.
Great video for a new channel. Probably one you know already, and appreciate it takes time but audio improvement would definitely help. Great start though
@@jakubmgolonka I chose not to include the value of my car (or any personal items) because I plan to drive it until it’s worth next to nothing, but had I included it my net worth would be closer to 60k
@@thrakirlp4233 assuming you’re referring to the crypto investments, which I’d argue is only gambling if you are investing in altcoins for short term gain. But to your point the allocation to crypto in my portfolio is a lot higher than it should be, it will get lower with time
When did curry start making money video???????????
@@mochaeatsasmr9466 😂 it’s my new offseason hobby
I'm glad someone else made the comment before me 😁 Thanks for the breakdown, Steph!
Came here just to say the same thing haha.
Stephen blurry
I was thinking the same !!!
"Look at Curry man, so inspirational"
The way you're thinking about it (early) and have such a great goal with actual results...no question you're going to get there! Great job and keep it up!
@@ARKenMan thank you!
Glad someone is talking about this. I make between 80-100 a year being home as a welder. If I invest right, learn skills, buy real state or own a business and live within my needs I can become a millionaire by 40 with a 9-5 which is OKAY!! 40 is still young if you healthy. Health is wealth and I’m 27.
@@Stefzan19 exactly, it’s definitely possible, good luck!
if you want to increase your income , go bald and grow a little bit of hair , then work as a Steph Curry impersonator , got the looks kid
@@soulfulmaple 😂😂 you might be onto something
@@ValentineJosh I only clicked on the video cuz Steph curry was giving out financial advice
Curious what the career is as achieving a 200k income (assuming just salary) is pretty tough
I work in retail store design/project management. $200k would definitely be hard to achieve through salary
very dope to see. im 32 and wasnt thinking like this at your age. keep going bro!
@@1GWILL thanks man!
Hey buddy, having no debt makes you a winner always
Will see you in the 1MM club soon
See you there!
Steph Currency
@@LaCrux might have to change the channel name to this 😂
When I scrolled past and saw Steph Curry talking about making his first Mil by 40yo.
I was like "wtf? boy ain't no way"😂
You got to put a (Not Steph Curry) disclaimer in the title of the video or something lol
@@Priinsu 😂 gotchu on the next one
Hey -- great video and plan. I'm a few years older but made a very similar sheet with what you did. Creating a plan and being disciplined with it has finally allowed us a very comfortable lifestyle currently and all the hard works and discipline paid off -- I wish you the best for your plan and for getting to that number sooner!
@@winahyuanggoro7909 thank you and congrats on getting to your number that’s awesome, hope to be there soon
You are KILING IT! I’m 31 with under 100k with same income as your plan and want to stop contributing at age 50. Wife and I plan to have under 10m by 65 which is way more than we need even with inflation. I can eyeball your numbers and tell you’ll be ahead of me. 30s are rough with wedding, children, and house down payment but even if you lowered your savings rate temporarily to weather that storm, you’ll still have way more money than you need… Given your plan, you’ll likely pump the brakes and start enjoying the present, but doing what we’re doing now is setting us up for those options in the future. Avoiding debt like the plague is definitely key. We’re already multi millionaires… just have to wait to access it.
I’m light skinned with green eyes too so I know the Steph Curry jokes get old 😂
haha facts just gotta run with the steph jokes at this point. Appreciate the comment man and good luck to you and your wife sounds like you guys have a great plan!
Fire vid bruv. I’m 28. Thanks for sharing
Great refreshing video. Keep up the great work man!!
@@TakingFlightWithEthan thanks man!
This is a great plan and it{s good that you are starting having such clear goals while you are still in your 20s. Good luck with all of your goals 😊
@@ArdillaINC thank you!
Bro, you realize people are living into their 90's if you are a millionaire at 40 and you retire you will run out of money by 90... But we are definitely on the same path by I'm following the Dave Ramsey path. I'm 100% debt free and I'm saving to buy a house and I'm invest 15% of my income in a Roth IRA and I'm investing in a brokerage account which $1100 a month. I'm probably going to increase because I got 20k in my checking account that not really getting any interest
Hell yeah, that's good stuff, good luck man! And you're totally right, I want to hit $1M by 40 but have no intention to stop working/investing at 40
Great video bud. I started getting serious about personal finance at 30 and designed a chart similar to yours. I also had a goal of hitting 1M net worth by 40. Im 34 and hit 500k earlier this year but im projected to hit 1M by 37-38. One thing that supercharged my net worth was getting married, being on the same page financially and combining finances. In the video you mentioned that you wont be able to buy a house or get married with this goal, however I challenge that! Getting married is the cheat code to financial independence. Best of luck on your journey, just subscribed to your channel.🎉
Thank you!
Brother, love the goals and the video overall. I don't know your personal financial situation in and out, but I'd encourage you to increase the percentage of your paycheck that you save. Right now it looks like you're at 25%, but I would challenge you to find ways to increase that to 30%, 40%, 50%. That will fast track your road to a million. Make sacrifices TODAY- find the bargains when you shop, go out and find the fun free things to do in life. You don't need money to have fun. Sacrifice today for a prosperous tomorrow.
@@Diablobuster appreciate the advice! I’m a little over 30% right now, gradually upping the percentage, but my main focus is on increasing my income and keeping my lifestyle the same.
dope videos and channel. love seeing younger people taking wealth and finances seriously. subscribed.
Thank you!
I would prioritize investments in a 401k (preferably Roth) before regular brokerage. This is obviously a little nit-picky, but there are better tax benefits for 401k.
@@stephenvannevel9216 yeah the tax benefits a great, but I want to retire early so I need money in a brokerage as well. Would love to get to the point where I can max out my 401k and put money in a brokerage though.
amazing progres man. Really motivating.
You got this! Love to see it. New subscriber and looking forward to the update video in a few years when you hit 1M. One item I noticed, you do not include any compounding in your calculations. You will hit that 1M before your targeted date with your focus, knowledge, and discipline. Keep it up.
Thank you! Appreciate the encouragement!
Boy Looking like “Klay Curry”.😂
38 here ✋😆 was broke until 32. Finally got to 80k assets this year. Hopefully will be a millionaire by my late 40s. It’s hard! 💪
@@patgnz3690 all we can do is keep that goal, keep it up!
What did you study in college?
@@luciansavagge architecture
Yo Josh. We went to college together at Pitt, and we make basically the same type of content. Kinda funny seeing you pop up in my feed
Hoping we can both motivate each other to continue to do this content stuff. Great video btw
Yo Ben! That’s wild, wasn’t expecting anyone I know to see my videos lmao. I’ll find you on ig so we can connect
Great video. Keep up the hard work! I moved back home and it has helped me put way more away each month. Hoping to reach 6 figures before Christmas!
@@ColeRees that would awesome, good luck!
You got this Josh! Congrats on paying off your debt. I started calculating my net worth last year. I'm 26 now, my goal is to reach the first $100k by my birthday July 2025. 37% away from that goal.. and of course the next goal will be $1m😁
@@mp22422 hell yeah you got it!
Can you do a breakdown of your crypto portfolio as your growth is quite impressive and do you just invest a certain amount every month?
@@fte8468 to be honest I haven’t invested much at all in crypto the last couple years. I bought btc and eth and a few alt coins in 2020 and sold off all my altcoins into btc near the peak in 2021. Since then I’ve just held the btc and eth I bought and let them appreciate. I got lucky with the timing of my buying and selling. Portfolio break down currently is 70% btc 30% eth
You're doing really well for your age. Much better than the average. Keep going
@@XxChuyoxX thanks man, really appreciate it!
Keep uploading bro!
Dont stop and youll be there faster than you think with compounding.
And your channel growth will create another stream of income and subsidiary income streams
That’s the goal, thanks man!
Oof 49K at 27
What job do you have?
@@zachrampetsreiter4397 I design retail stores for Skechers and do real estate photography as a side hustle
You are very smart. This is a great plan and I’m sure you will be able to achieve it !
Thank you!
Hey man great job getting out of debt that’s huge. Just my opinion completely. But the crypto % of your net worth is scary. Your living expenses are also rlly high, maybe look at them again. Spending 4k a month on living expenses by yourself is kinda crazy. Shaving that down is where I would look for spare money ngl.
@@MxRoxNetwork appreciate it man and you’re right, my whole focus right now is getting that percentage down. For context I live in LA so 3-4k is already pretty frugal
@@ValentineJosh jeez gotcha. Good luck man!
When he said ROTH which freezes your money until old age is better than Bitcoin. ROOKIE!
@@Diobanny 😂
You can take out your contributions (not gains) at any time from a Roth IRA. Looks like you're the rookie.
How did you create your plan? For the age income
It was all based off wanting to increase how much I invested each by $500 each year. So $500 x 12 months = $6000. Factor in taxes which I calculated based on the maximum possible income tax rate in CA, which would be about 50% (I’m not in that tax bracket but used it just to be safe). So I would need to make $9000 more a year to increase my monthly investing by $500. Then I just rounded up to $10k for the hell of it.
Steph you are already a multi millionaire.
Ahh shit, you right forget I said anything
steph curry
im 36. I wish i started at 26... my goal is 45
@@gtfkiller hell yeah you got it!
Steph after retirement 😂
No way I’m taking money advice from a rich nba player
@@Jay-hc7pv probably smart 😂😂
BTC over ETH or ETH over BTC?
I like both but I own a lot more btc than eth. I think btc is it’s a safer bet but probably won’t provide as good of a return as eth.
I want to ask for help with my jump shot so bad. Not sure why. 😂
47 w/ a networth of $2.3M. 750k house equity and 1.6M investments. I know its a subtle brag, however i want you to shoot for the starts and never give up. It all comes down to consistency and purpose. Just don't let the love of money get in the way of our Lord Jesus Christ. I believe you will hit your goal before then. Gratz and never give up. Have fun along the way, very important.
@@teddyruxpin7876 you earned the subtle brag haha. Thanks for the encouragement!
What is your position at work?
@@Restdayrefresh I’m a designer/project manager
@@ValentineJosh how many years of school/ what agree?
Also keep it up with the vids!📈
It takes 5-10 years, work a steady day job and invest, rn prob best to dca in crypto and any of the mag 7. For next year put it a stablecoin or brokerage account and accrue the 5% interest and dca again into stocks or crypto for next year and just keep adding to ur stables. Dont take out loans, leverage, or use margin. U can trade but only cash on hand, if you're out dont use any of the money you have in your stables accruing gains from interest
You obviously shouldn’t be giving investment advice
Wishing you all the best on your journey. I’m so jealous at your early start and know things are gonna skyrocket for you, if you keep at it. 🚀🚀🚀
@@victormutta1115 thank you!
What industry are you in where you expect your salary to go up 10 percent per year?
@@Lestergreen77 I don’t expect my salary to increase 10%, the plan requires a $10k increase per year and majority of that yearly increase will have to come from my side hustle which will be more realistic to scale. I explain it in more detail towards the end of the video if you’re interested.
Are your savings at least in a high yield account? That’s a lot of cash to not be getting interest on
@@Lestergreen77 yeah it’s high yield
Best 3 point shooter on You Tube
You doing great. Wish I had this focus at your age. When ur in your 40s your going to be one happy dude😊
@@Phakaday that’s the goal, thanks man!
Who here before the blow Ayy vrodie we all on that path make money do wat I love
@@KnGGRim yessir 💯
Great video for a new channel.
Probably one you know already, and appreciate it takes time but audio improvement would definitely help.
Great start though
@@SaveWithJords appreciate the feedback! I definitely want to upgrade the audio soon
Boss
You forgot your cars value in your net worth
@@jakubmgolonka I chose not to include the value of my car (or any personal items) because I plan to drive it until it’s worth next to nothing, but had I included it my net worth would be closer to 60k
Bro I’m 26 as well I need to get somewhere in life please help me
You help yourself
@@robertoleonbriseno2582 just gotta keep pushin forward man we got so much time to achieve our goals, keep your head up
Great video
@@jackdyck9016 thanks man
How can you think this much gambling is reliable?
@@thrakirlp4233 assuming you’re referring to the crypto investments, which I’d argue is only gambling if you are investing in altcoins for short term gain. But to your point the allocation to crypto in my portfolio is a lot higher than it should be, it will get lower with time
Investing is a gamble no matter what