Financial Hacks and Habits of the Top 1% of 30-Year-Olds!
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- Опубліковано 8 лют 2025
- Financial Hacks and Habits of the Top 1% of 30-Year-Olds!
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My real career didn't begin until 35 and didn't thrive until 37-39, I'm 39 now. That net worth number is crazy compared to the income.
GREAT video!
I love this channel.
One feedback - PLEASE slow down how you transition from one person to the other. It feels like you are just waiting for the other person to complete before you jump in and get all your talking points out and not building on what is being said. Just slow down in general. The context Brian provides to make the points relatable is so amazing but then the conversation just jumps around so rapidly. See the transition at 3:05 - what an amazing point made around what happens leading up to a divorce. Yet in 0.005 seconds, the conversation is about making large financial decisions. PAUSE!!!
Slow down. Please. You are the fastest talking personal finance / FIRE channel right now and I am not sure if that is intentional.
The content is golden so I will keep coming back nonetheless.
Why use average instead of median? 0:16
Even better would be the threshold for 1%, rather than the value at 0.5%
Are these stats for individuals or household?
Their videos on the top 10% are household net worth and individual income. I assume their 1% ones follow that.
Thanks for the content but it is very difficult to understand what these numbers mean. The title of the video is “… top 1%” which is the point someone is wealthier than 99% of people but then the numbers in the video are referred to as “median” and “average” at different points. Median of the 1% by definition means you in the top .5% of all people and given how skewed wealth distribution is, the average is going to probably refer to someone wealthier than the top .1% of all people. So at the end of the day, at least half of the actual 1% wouldn’t even have these numbers
I thought the same thing. Either they misspoke or they're talking about like the 0.5%
So basically I fell out of the top 1% because of my inability to get married. The net worth numbers are for household. Hard to compete with multiple people's net worth when you're just you. I doubt I'll ever get married either. I'm no longer 20, I am too old to have children, and I've never been pretty. I have absolutely nothing to offer. Everything I've worked towards makes me not attractive, like my money habits, income, and outdoor hobbies. If I had the ability to do my 20s over again, I'd get surgery, makeup, clothes, and purposefully make far less money to try and be attractive. While I think I look fine as I am, I realize now it's why I couldn't find anyone. Everyone always said focus on yourself, don't worry about looks, the right one will love you for you. It's a total lie. I followed bad advice and will have to live with the consequences the rest of my life.
For what it's worth, you don't need to be married to be happy. I have no plans to ever get married either, and I'm very much enjoying life.
@@nathanrice7352 my only real goals were to get a husband and have a family. It's hard to be happy knowing I failed at the only goal I cared about.
If you like, it's never to late to start a relationship. It seems you are in a good financial situation. That's say you could try better surgery, makeup, clothes etc... than in your 20s.
Well, I would thread carefully with the "if you follow your passion money follows" narrative.
If you follow your passion money follows, only if your passion is
1- matched by natural faculties. You can have the best passion for playing basketball, if you have ALS you're not gonna rake in the millions with that (and to a less extreme extent, in any sport you need to have less obvious genetics to play professionally).
2- employable. even though youtube and influencer culture is making us believe that you can be famous (and rich) following any passion, not everything has a following large enough for you to monetize or to be employed.
3- monetizable. You can be employed and work your passion but if your passion is not made to make money, you're not gonna be in the top 1 or 10% income level. If you're a priest (a serious one, not a televangelist). If you are a teacher (a serious one, not a youtuber)...etc...
4- Where money follows skill. Even if your work is monetizable, there has to be an objective way to rank achievement and be compensated proportionally of your skill. The best public servant in the state, gets exactly as much money as the worst one. Might be promoted quicker, but might not be.
I am a professor in physics, without false modesty I can say that I am not in the top 10% but in the top 0.something % at what I do. THOUSANDS of people have research as their dream jobs and try every year to get a PhD, follow through with postdocs, and land a faculty job, for each and everyone that get a position in a prestigious institution. Furthermore, in my institute everyone at the same level is paid basically exactly the same, and we had Fields medals and Nobel prizes. Even the Dean isn't paid as much as a 30 y.o. 1 percenter, and he's effectively the CEO of a 5000 employees strong 1 billion $ company.
Our job doesn't satisfy number 4 and only partially number 3, I'm not rich and I will never be unless I change career. But I do what I love. That's enough for me on most days, for now and its fine.
Just putting it there for all the people that might hear Brian and Bo correlating directly income and passion/skill and starting the day with a negative mindset.
With that said, excellent video and thank you for whipping out the statistics. It is so interesting to have a closer look at those stats.
If you’re that good at your job, you should be teaching at some sort of Ivy League school, which pay a ton. Glad you do what you love
To be fair, (to some extent) the video contextualizes that you actually have to compound the vocation with a “successful business idea”. In many cases, public speaking on the subject matter could bring in a lot of $; finding a way to convert your expertise into a consumable resource for the general (non-specialized) masses?
@@trexasaurus5322 you are misinformed, sorry.
Teaching in Ivy league doesn't "pay a ton".
I know several people at MIT, Yale, and Berkeley. I also visited Yale for a while and my PhD student is now at Berkeley.
The pay is much much lower than the 1% in this video even there. At least for physics. We are talking a small small fraction of that.
I teach in the best university of the Nordic countries, where I prefer teaching respect to USA all other things equal. My office and appointment is the one of a previous president of the Nobel Committee. Doesn't get better than that and I'm blessed. Unfortunately doesn't get more paid. And it will not get less paid if I let go of my ambitions work or produce less.
Which is fine so long as people stop conflating skills/mastery/social value with money.
@@franny2466 not always you can do that, and even if you could it certainly takes away from time devoted to research and teaching which are much more people dependent endeavour.
There are several people that can talk science to the public, there is only one person on the planet that can persue that specific research. If that doesn't get pursued, future might going to suffer. It's a social responsibility declining other paths, sometimes.
I was successful in a startup, I came back because only here I could try what I'm doing now.
Just respect your local academics as one of the many unsung heroes not sharing the bounties of this society but making it possible and still caring :)
Is Zuckerbergs income in that average? Use median income
So does choosing a spouse from a third world country count as a ‘bad’ spouse? He/she may have zero net worth but be incredibly financially responsible. Let’s say you met at 30, which is fairly typical in modern society. By your implied judgment this makes he/she a ‘bad’ choice or spouse… I have to disagree.
Question,
When they say 30s, does that mean 30-39 years of age?
Thanks!
Yes! The later ages on the scale probably unbalance these numbers.
Yeah, this is true for all the age categories, unfortunately. The economic difference between someone who is 21 and 29 is similarly extreme.
I would guess you would have to be in the top 0.01% of 30 year olds to get in the top 1% of 30-39 year old net worths. I would imagine 75% of the top 1% are 37-39… something like that
So these numbers are 30-39!