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

Make sure you are subscribed to the channel! For the next month we'll be dropping 2x videos per week.

I have a very good income and contributing max to 401k and putting in my wife's roth IRA. I have so much cash on side lines until I can figure this out. I am 53 and needs to to make all this cash work for me so I can retire tomorrow.

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

The absence of stock investments has left me with a sense of remorse, albeit I'm appreciative of my decision to maintain funds in the money market. With roughly $200k nearing maturity, I'm gearing up to step into the stock market. Could you advise me on suitable stocks for a beginner looking to steadily increase their capital?

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024.

I'm only 23 and have been watching your videos for a close to a year now.. I just used a retirement calculator and discovered that I already have my 401(k) on track to retire with over a million dollar by investing just 9-10% of my income! Along with other recurring investments I have in single stocks and ETFs set up plus automated transfers to my savings each paycheck. I really feel that, with your help, I've been able to set myself up for financial success long-term even when coming into adulthood during a difficult economic time! Keep making great videos please!!

Your content has helped me a lot in the last few months. Thanks, Humphrey!

I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.

I plan to get into the fin market putting a portion of my income monthly, I believe consistent and steady growth would have me rewarded in some time, I wonder though if there’re smart ways to go about investing, picking and selecting stocks? I’ve recently tried but have been met with red on my portfolio, I’m open to options

Automated makes it so much easier. It's rough at first, but after a while you adjust. It's nice knowing that you're saving and can't spend it.

Really good stuff! Finding the right balance between saving for later and living it up now is key. From my own experience and chatting with ppl who watch my stuff, being able to switch things up with your money plan is a game-changer. Like, at first, you might spend more on learning new skills or schooling, which is an investment in itself. Later on, you can start putting more into stuff like stocks or savings. The trick is to keep tweaking your plan as life changes. It's all about making sure your cash is doing the best for you at every point. Love the vibe of sharing and learning together. Keep the awesome videos rolling Humphrey!

This was a great and very realistic video, thank you!

Love your videos Humphrey!

A nice summary, thank you.

❤ your channel .Great advice . 🇮🇪

Been binge watching your channel to be informed

Hey Humphrey, I just watched your video and I must say that it was really informative and well-made. Your knowledge is amazing man! I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

What you want is to have as many income streams as you can manage. I have my "9 to 5" job, teach two online courses, run a home business (business partner handles the details), a Fidelity dividend account, a couple of I-Bonds and a number of CDs and an online savings account. Because of this I put 20% of my base salary into a tiaa-cref account and my employer tosses in another 10%. So I'm saving over thirty percent at all times and don't even miss that money.

IIIIII LOVEEEE THESE VIDEOS!

Great video! I know you've touched upon it, but real estate is a great way to "retire early" while still making money with passive income. I plan on going heavily into this very soon and a chunk of the money I have saved will go there instead of the stock market or a high-interest savings account, then I plan on reinvesting the money I make from that back into it over the course of 10-15 years (while still also putting some into Index/ETF funds and my Roth IRA), so my plan is to retire, or even semi-retire, with "passive income" from real estate before my Roth IRA is even accessible.