You Will Make 99% of Your Wealth After Age 30

Wealth Building Secrets: Why 99% of Your Wealth Comes After Age 30 Chapters:

00:00 Intro
00:40 Power of Compounding
01:52 Starting Point & Projections
03:41 Patience & Long-Term Strategy
05:10 Income Growth
06:28 Investment Capacity
07:43 Financial Literacy

Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.

Thanks for watching, I appreciate you!

[brucef]

Can confirm. People speak of the growth snowball, but after 33 years of investing it's more like an avalanche. Find ways to enjoy the grind and be handsomely rewarded in the end.

[johnnypunish]

I sent your link to my friends who are just over 30. They need to hear your serious well-thought-out message. It will help reinforce their newly realized maturity and give them the extra confidence to forge ahead with focus and purpose. Great Job Teach! Signed, The Old Guy in the Room.

[RichardTouchfaith]

When our money grew more than our earned income it was shocking. Now our money grows faster than we could truly joyfully spend it...crazy!

[rkw]

Yep, I had a net worth of zero at age 30 and 3 million at 60
Been through several downturns and another one is soon likely
Be very careful if you are approaching retirement age

[andrewdiamond]

Well, I bought my first house in 1994 at age 29. At age 30, I had a negative net worth...I owed more in student loans and credit cards than I had equity in my house and savings in my 401k....so yeah, I made 100% of my Wealth After Age 30.

[fredswartley]

It's encouraging to know that wealth accumulation becomes a little easier when you get older. It can sometimes feel like you're not making any progress when you're in your twenties and even thirties.

[ld]

Good morning Erin! Good discussion in this video. I loved the Campbell Soup story and the fact that you still have all the card you collected. Very cool. Have a great week. Larry, , Cerntral Valley, Ca.

[Ethan-buzy]

This has been my experience as well. Patience is key. 😊

[JBoya]

Great video! I hope a lot of people, especially those in home buying and child rearing age watch this. It is easy to say yes to too many things in those ages and let money just bleed off on things like a trip to Disney, new car, etc. The issue is this is while you are at the low/flat end of the compounding curve, and you are pushing out the time until you get to the steeper portions where interest is doing most the work.

[FaintAura]

*Looks at current NW at 31*

Works for me...

[FIRED]

Thinking back, I lived thru years of low, stagnant market (~ 2000-2010), but the were the years I just accumulated a lot of shares, shares that now bloomed into bountiful fruit trees feeding us through our FIRE years!

As I mentioned many times in the past, long timeframe is the magic pixie dust in your equity portfolio

[trskinn]

I just saw an article that said only 3.5% of Americans have 1 million +. But, then I see all these great videos of how easy it is to compound a million dollars. Any ideas why so few only have reached this milestone?

[adamritter]

Great video. It is always encouraging to be reminded that success doesn't happen overnight and hanging in there while you are young is worth it.

[Mar]

This gets me excited! I’m 26 with 40k in my 401k! Love this vid

[avrgrip]

When I was 25, I sold my Sport bike and invested that money in an IRA. This started me down the investment path. I was military and made less than half what my peers made out of college. I still managed to save over the years. Dollar cost averaging and time is your friend.

[nicomyth]

Buffett made his money by buying and reselling actual businesses. He continued to grow the money he made by investing it in stocks/index funds. Now BH just runs like a hedge fund, investing in stocks. I don't think they purchase and flip actual businesses anymore. Warren put the lion's share of his effort into growing businesses in his early years, so that the money made could passively grow now. (He also lost out on some of his business deals in his younger years)

[plantingseedstv]

I reached $1 million NW at the age of 32. Thanks Erin for the encouraging words.

I’m excited and nervous to see how quickly I can reach $2 million

[passdasalt]

This is exactly me. Well, as a smoothed out average. I was 30 and had 30k equity in a house. Fast forward to 60 yo and the numbers are just like the chart.
But the kicker, I did it on way less than 75K income. Like Erin says, stay the course.

[chillndill]

Thanks for keeping an educational environment!

[rabidfollower]

Great video as always. I just have an off-topic experience to share. I was just on reddit discussing how to max your chances to earn currencies and rewards in video games, and set off TONS of emotional reactions from people who (a) don't know how probability works, (b) don't care how it works, and/or (c) think along the lines of "we'll all lose anyway." That made me sad because if that happens in a video game, imagine what those people think about investing in the stock market, a field which requires great understanding of probability if there ever was one. The thinking of those people will prevent them from ever achieving financial freedom and retiring, and that makes me sad.