What Percent of Your Income Should You Invest? (With Data)

Humphrey Yang February 22, 2024
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Humphrey Yang

@humphrey

About

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

According to a recent study by Vanguard, the data show us that we as Americans are not investing enough. They looked at 5 million participants who had defined contribution plans, so these are just retirement plans in which the employer and employee contribute together. In this video we dive into what percent of your income you should be investing in order to retire. https://millennialmoney.com/calculators/fire-calculator/ Study: https://institutional.vanguard.com/content/dam/inst/vanguard-has/insights-pdfs/22_TL_HAS_FullReport_2022.pdf FREE STOCKS: 🏆 Webull Deposit a Minimum of $500 and Get a Guaranteed $50 Free Stock: https://www.webull.com/k/HumphreyYang 🏆 Webull UK: https://www.webull-uk.com/i/humphreyUK 💸 SoFi Checking & Savings: https://sofi.com/humphrey Get up to 4.40% APY, pay no account fees and earn $250 when you sign up and set up direct deposit. Terms apply. 👾 Join our free Discord Community: https://discord.gg/xJzsaGaaDE RESOURCES: 💵 Free Templates: https://beacons.ai/humphreytalks/freedownloads 🐪 Hump Days Newsletter ➭ https://humpdays.substack.com ▶️ See What I Invest In ➭ https://whop.com/c/critical-wealth/ytd 💳 My Favorite Credit Cards ➭ https://cardonomics.com/i/humphrey MY SOCIALS: Secret Channel -- https://youtube.com/@hug Instagram -- https://instagram.com/humphreytalks Twitter -- https://twitter.com/humphreytalks TikTok -- https://tiktok.com/@humphreytalks Rickie (Editor) ➭ https://instagram.com/coldgamerick WHO AM I? Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth. PS: I am no longer a current 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! ⏱️ Timestamps: 0:00 - Start Here 1:13 - Current State of Americans 4:53 - What % Should You Invest? 6:50 - Your Retirement Number 9:03 - Investing Strategy

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