Are You Doing Better Than the Average American?
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- Опубліковано 7 жов 2024
- Take the Financial Mutant Survey here! moneyguy.com/s...
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Congrats on 500k! 🎉
I've done the survey and got my friends to do it as well. Although we are not from America - we are from New Zealand and Malaysia. Not sure whether it is helpful or not but we listen to you every week and look forward to your videos every week!
Congrats on 500k to the best Financial channel on all of UA-cam‼️
I’m not American but I really enjoy watching the show since 90% of the content is still great advice for my context. Can I still fill out the survey?
Same here. Cheers from Canada!
Hitting 40 with the husband, paid house 230-240$, and investable assets ~476K, living in low cost area in mid west
For me it would be beneficial if you guys talked about a cash management plan in practice, and with a variable income. Like which buckets and how to organise things, such as fun money, necessities and everything. Some practical examples would be great as I’m not in finance and sometimes some terms pass over my head. Great content as always and the only people I follow 💪
Yes to this!!
Wow Brian looks great!
Always a fun shake up to see Rebie behind the desk!
Survey done! Congrats on 500k been here since the beginning and the content has done nothing but get better
Would LOVE Money Guy to do a show on how to course correct if you're in your late 40s & 50s. Is it too late to bother with Roth if we haven't ever done one? Is there still time to invest aggressively or is that risky? Money Guy seems to target the young because that's the best time, but what about those of us who didn't find you until we're older & realize we've missed the boat. Is it too late for us to hope for mutant status?
Ditto!
Roths are powerful tools for controlling current/future tax bases at every age. I am maxing mine and converting in mid 40s because my income is a little lower. My dad in his late 60s just started Roth accounts too.
I subscribed back when you were excited about nearing 100k subscribers, thinking I’d just support you since you asked. Little did I know it would turn out to be one of the best financial decisions I’ve made. The wealth of knowledge I’ve gained, along with your weekly encouragement and reminders to keep investing, even through the messy middle, has brought me both peace and confidence. It’s reassuring to be guided by those who have already walked this path and succeeded. Huge congratulations on hitting 500k - it’s truly well deserved!
When yall compile the data from the survey, when showing the net worth responses could you please have a chart that separates it by income ranges? My SO gets deflated when hearing about people’s high net worth, when hers is well above average and she has a pretty average/median salary. I think comparing to her actual peers would be valuable information.
Did your survey. I thought the questions were well thought out. I would add additional questions for couples regarding each person’s individual information regarding collage etc. 😊
6:37 survey done took 5 mins. Congrats on 500k. Y’all are great!
Hey I love what you guys do! I filled out the survey and got my free resources which included the military resources. There was one thing that no one really talks about that should be added, it’s called continuation pay! It’s an entitlement in which you can receive between your 8-12 year mark and is 2.5 times your monthly salary!
Brian has never looked better than he does today.
The problem with the average Erica is that once you have 20k saved you start thinking we can now take that Disney vacation or 40k you can now renovate that bathroom and raise your roof. It's like against people's religion to save money
Because they have the wrong mindset. Money shouldn't just be saved, it should be invested to grow.
Every dollar invested is worth multiples in the future. In contrast that Disney trip or renovation is costing your future self those same multiples of lost growth.
Let's say the trip costs 10k but if you invested that same 10k for 25 years it would be worth around 60k in today's dollars. So the trip actually costs 60k. This helped me change my outlook. A simple change of prospective can be pretty powerful.
Can you all create a "how much rent can you afford" calculator? Thank you!
Congratulations on the 500k!
Congrats on 500k
I just filled out your survey! Very fun.
Survey done! I’m excited to see the data!
Good morning Money Guy show.
This is one of the only channels I've seen where the OG main host isn't present and the people he has under his wing take over flawlessly, usually when the main host leaves on most channels they don't get as many views or the entire channel dies off I firmly believe if Brian passed it down to Bo to be the main host from now on forever the show would only continue to grow at the same rate or better in time
Surprised/disappointed you only asked about roth accounts in your survey. Why aren't you allowing information on traditional retirement accounts?
If the average US investment balances are all well below $100K for all ages and you know it takes 7-9 years to reach $100K, then why is the lowest number you can click on the survey "less than 100K"? I hypothesize most people are going to be in this range and it would be nice to have more granular data (i.e. 0-25, 25-50, 50-75, etc) There is a big difference between $5K savings and $95K savings.
I did the survey today took only a few minutes honestly. I started taking retirement seriously earlier this year and do not have a company match 401k so decided to only mildly contribute to that but to actively manage my Roth IRA. I maxed that out my roth in July and have already netted a 22% gain so far this year. On top of the 401k already sitting at 15k in those two accounts since starting in February 2024. Hoping to finish the year at 20k and have it up to 50k by the end of 2025. I was lazy with my wife having a sizeable 401k since her company matches and has been contributing to it since she was in her early 20s. We could easily survive off hers but I have gotten to the age of why just survive in retirement and not enjoy it to the max and thrive? With Money guys videos and some others we are on track to be multimillionaires by retirement age not just net but in liquid.
“I am so excited” to complete this survey 😄
Hello! I would just like to note that the survey does not ask for data regarding current students, which are somewhat important variables for your young mutants (like me!). E.g. future student debt, debt accrued in undergrad vs. grad, work status, ect. This might make it hard to get a proper understanding of where 20-somethings are at and worry about.
Thanks for all this wonderful content! :)
Just completed the survey ☺️
Some of my pain points i have are the technical or strategic things i can do while being apart of the FIRE movements.
Why does it take you guys so long to fix the low audio after the stream is over? Seems like a day. All love 😊 just hurts my ears when my next video starts playing lol
Completed the survey
Bummer. I can’t feel the survey in because I am Canadian.😮
Finished the survey- I know it’s for mutants but I wish there were more options for the guys that are starting and approaching the 50k in investments. The guys building up
500k! 🥳🎉
would love access to those resources, but as a Canadian w/out a zip code, I can't do the survey.
You can just put a ZIP Code that is closest to a Canadian town, for example, international Falls, Minnesota or Seattle, Washington.
Done! Also congrats on 500k
Link to the survey?
It's on the homepage of their website.
@@Zazu1103 i must be blind i still don't see it
Just refreshed nvm
Take the Financial Mutant Survey here! moneyguy.com/survey
@@MoneyGuyShow thanks friends! Love all you do.
What cereal was it? My favorites as kid were Fruity Pebbles and Lucky Charms.
did the money guys crew play the Jackass 2.5 Terror Taxi prank on Bo?
the house question, there really should have been a category under
Love the show. The survey does not appear to be anonymous because you offer to send an email based on survey responses. Can you please clarify?
We want more Rebie!
On to 1 M, congrats!
Filled out. Lets do this
Did the survey!
The Money Guy posts one of the "where do you rank" videos each week.
Go over the aggregation rule of converting a Roth. I know what it is but don’t understand exactly how they decide how much gets taxed now and later?
When you refer to total monthly mortgage cost are you including or excluding property tax and homeowners insurance?
Hey! Love the show guys! I’m not an American (Aussie), but can we still fill out the survey in US$? I did and put my zip code as an Australian post code. Hope this is ok? (Wanted the free resources!) Love the show! Hope I didn’t wreck your data.
So.... No more Preston, Bo has a beard, and 500k subscribers? This level of change is unprecedented
Where can we get the Brian and Bo face stickers?!
Shout out to Bo!
I am closing in this year on "financial mutant" net worth of 2x the millionaire next door formula. I think I will cross over in the spring next year.
If you are watching this show, you have mutated.
Went to do the survey and i can't complete because I'm Canadian and Postal codes here have letters and the Zip code part doesnt allow letters
If you know your numbers, survey will only take 3 minutes.
Filled in your survey. Since I’m not American with no equivalent for ROTH IRA/401K, I filled it out with the investment I have in my brokerage account 😅
Survey was so easy took about 5 minutes
so... by this first chart's math... I'm about on-par with a 75 year old at 35... maybe I'm not doing too bad.
Anyone else having issues opening the survey? Link just spins like it's loading over and over...
Ok, I guess it just doesn't work in Firefox...
re:survey law school loans going to really skew that one question lol.
I'd be curious to how much of the audience has a negative net worth (like myself). Apparently I have more the the median 55 year old in investments, but still a pretty negative net worth due to student loans. I am 24 years old and am on track to hit a net worth of 0 and invested assets of more than 1x my salary by 30.
Also average is a bad way to know if you will be ok we know the average American is broke so by those standards if that’s what your trying to keep up with then you will also end up broke
That’s why they put out the survey
@@SlovoSanctum 👍🏽
is it a big deal to have a financial advisor managing roth ira? i know people say its easy to do but i dont have a clue how to invest. thanks guys
To me that sounds like it would be a waste of money. It's like paying someone to watch your laundry spin in the washing machine. You don't need to be a financial pro to invest you just need to do a little surface level research.
@@Atrus999 Thats what i was thinking. target date retirement fund from what I researched is the best option to be automated .
How do we get back into the market with $5 mn money market and Treasuries at retired @ 67 yo safety?
the title of this video felt misleading. (At least put live-steam is parenthesis)
Where is the survey?
Did you look at their website? The link is there.
Take the Financial Mutant Survey here! moneyguy.com/survey
@@Atrus999 thank you.😊
@@MoneyGuyShow thank you.😊
I plan to retire at 62 in another country outside the US that is free,safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that time arrives but I'll also have atleast one pension, a 403 (b) and a very prolific investment account with Susan Jane Christy, my FA. Retiring comfortably in the US these days is almost impossible
I know this lady you just mentioned, Susan Jane Christy. She is a licensed broker and a FINRA agent. She is popular in the
US and Canada, she's really a skillful and experienced woman in that area
I'm planning to retire in a conservative Christian community in Texas. I'll pay for my home in full and retire comfortably in my country
I'm planning to retire in a conservative Christian community in Texas. I'll pay for my home in full and retire comfortably in my country
I've heard of her
How can I reach her guys, if you don't mind me asking?
I will leave her line under this comment
Survey should have had some "I don't have one" answers to a couple questions. I don't have a Roth, so having to answer
You spoil us Brian! I've digested a plethora of personal finance oriented channels here on UA-cam over the years and the only two that I can still stomach are you and Erin. You give the very best and spot on advice and ask thought provoking and unbiased questions that help listeners like myself become better. More importantly, thank you for recommending Abby Joseph Cohen Services my investment portfolio with her has been quite sustaining
Thanks to Brian. Following his recommendation, I started researching into Abby Joseph Cohen Services. Thankfully it was a little over a year ago now, I started an lnvestment with Abby's Services and that allowed me to be on much MUCH more stable ground in the face of global financial upheaval. For what it's worth, it made a difference for me and my little family.
How can i reach this Abby Joseph Cohen, if you don't mind me asking? I've known her by her reputation at Goldman Sachs
@@EalDieguezWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@EalDieguez Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to set up an appointment.
@EalDieguez
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Oops …fill
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $100k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
nice! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?
nice! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?
It's funny they have a cybertruck model in the background when buying one is one of the worst financial decisions a person can make.
I think that’s the point
Brian loves Tesla 😅
Hey, just curious, as someone who considers themself a realist, not an optimist or a pessimist, why only the 2 options?
Realist tend to be more pessimistic.
@DDEHoodStarz i guess. I always view it as the most expected outcome. Not expecting to have a perfect or a terrible day.
I've been trying for a long time to grow my $210,000 portfolio, but the major hurdle is that I don't have a clear entry and exit strategy. Any feedback on this would be appreciated.
investing in a variety of asset classes will reduce risk more than putting all of your money in one. If your financial understanding is lacking, see a financial consultant.
A few summers ago, after a drawn-out divorce, I needed a big shove to stay afloat with my firm. I located the most qualified advisor after searching for licensed advisors. Despite inflation, she has helped me build my reserve from $275k to $850k.
That makes perfect sense; you appear to have the market figured out, unlike us. Who supervises you?
Kathie Daisy Bosco
Please where can I find her, which platform?
Why do you guys say the messy middle is in your 30s when you first start having babies or little kids ??? The messy middle is when the kids are teenagers or start going to college. They are much more expensive at this age then when they are little babies.
I think because by the time your children are teens or college are you are at your maximum earning potential. Yes they are more expensive but you’re earning more and your other costs have stabilized.
Also- although your children are always your children and require emotional labor for you, as they get older they require less physical and mental labor (you don’t have to provide caregiving duties or manage their calendar and behavior), so you then have physical and mental bandwidth to redirect to other things.
@@Natalie_11188 Oh ok. THat makes sense ! Thanks !!!!! 🙂
I was homeless, did drugs, went into prison, where I got to know God. He changed my life. Now I have a home, a wife and a lovely year old daughter (zoe), and a stream of income that gats me $47,000 weekly. Plus a new identity - a child of God, Hallelujah!!!🇺🇲❣️♥️❤️
How do you make such income? I'm a born-again Christian and sometimes I feel so down because of my low finances. 🤦Despite this, I still believe in God.
I raised 75k and Kate Elizabeth is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Kate Elizabeth is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!
Please who is this Kate Elizabeth Becherer.
She is a licensed broker in the United States and my family's personal broker. She has been praised on shows like CNBC's 'Mad Money' and verified by agencies such as FINRA and the European Securities and Markets Authority (ESMA).
Wow, that is huge, how do you earn that much weekly? I am 37 years old and have been looking for ways to be successful, please how??
The only thing I have heard from this show that I totally disagree with…do not cut your gym membership.
Sorry friends that is highly questionable 🙏
He made this recommendation to the “Break glass in case of emergency.” The guy is probably on the verge of losing his home / having to file for bankruptcy. I think gyms are great, but you can always go jogging and buy some weights at a yard sale and sign up back up after the emergency.
Read the room, money goofis