How Much of Your Paycheck Should You Save? (With Data)
Humphrey Yang
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Former Financial Advisor (Series 7, 66), Previously worked in Gaming. Explainers, Personal Finance, Reviews & More. My friends would ask me finance questions all the time, so I made this channel so I could send them videos answering those questions. I love explaining things simply, and making it fun and easy. This channel is great for beginners and intermediates who are looking to build wealth, learn how to keep their wealth, and get better with personal finance, budgeting, and investing. I also focus a lot of self improvement and productivity, so if you're into that - I hope you stick around! Business inquiries - please email: [email protected]
Video Description
🐪 Hump Days Newsletter ➭ https://humpdays.substack.com In this video we explore how much of your paycheck you should save every pay day, and what savings rates among different income levels are with data. Years to Financial Independence Calc: https://www.fidelity.com/firestarter/years-to-fi https://fred.stlouisfed.org/series/PSAVERT Sept 2022 Report: https://www.pymnts.com/study/reality-check-paycheck-to-paycheck-inflation-consumer-spend-expenses/ FREE STOCKS: 🏆 WeBull (Get 6-12 Free Stocks worth up to $30,600 when you deposit $100) ➭ https://a.webull.com/i/HumphreyYang 🎓 Public ($10 Free Stock) Investing App ➭ https://pblc.co/humphrey ✍️ Free Resources: https://www.humphreytalks.com/downloads RESOURCES: ▶️ Join the Patreon Community ➭ https://whop.com/c/critical-wealth/ytd 🐪 Hump Days Newsletter ➭ https://humpdays.substack.com 💳 My Favorite Credit Cards ➭ https://cardonomics.com/i/humphrey FREE GUIDES: 🌪 Investing 101 PDF: https://humphreytalks.com/downloads/ 🌊 Stock Market for Beginners PPT: https://humphreytalks.com/downloads/ PERSONAL LINKS: 🎥 My YouTube Setup ➭ https://kit.co/humphreytalks 🌍 Rickie (Editor) ➭ https://instagram.com/coldgamerick 🗞 Twitter ➭ https://twitter.com/humphreytalks 📸 Instagram ➭ https://instagram.com/humphreytalks 🚀 Tik Tok ➭ https://tiktok.com/@humphreytalks Timestamps: 0:00 - Start Here 1:25 - Savings Rate Over Time 2:40 - Savings Rates by Income 3:58 - A Handy Tool 4:24 - How Much Should We Be Saving? 6:33 - Your Savings Goal 7:50 - How to Actually Save More 8:49 - What If I Have No Savings? 9:47 - A Caution 11:15 - How To Make More 12:15 - Savings By Age 12:52 - Net Worth By Age 📧 GET IN TOUCH: I'd love to hear from you! If you have a longer question, or if you have a business related inquiry, please then send me an email at [email protected]. I try my best to reply to all e-mail but sometimes I do not have enough time to respond to everyone. PS: I am not a 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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