How Much Money You Need To Save (By EVERY AGE)

Your guide to financially thrive, not just survive! ✨

Find out how much you should have saved and invested by each age to build a secure financial future.

👇 Resources From Today's Video:

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Important: The creator is a paid influencer and not affiliated with Moomoo Financial Inc. ("MFI") or its affiliates. Content outside of the moomoo ad has not been reviewed by MFI and reflects the influencer's own views. MFI does not endorse any strategies mentioned and is not responsible for the influencer's services.

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Let’s be friends in other places!

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Disclaimer: These videos are for entertainment purposes only. I am not a certified financial advisor. All thoughts and opinions are my own beliefs. Some of the links and other products that appear on this video are from companies which Taylor Price will earn an affiliate commission or referral bonus. Taylor Price is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Chapters:

0:00 - Intro
0:34 - Average Savings for 25-Year-Olds
1:50 - Checklist For Success In Your 20’s
2:10 Steps To Financial Success In Your 20s
2:35 - Fast Track Your Emergency Fund Growth
3:50 - My Favorite Budgeting Method
5:06 - Average Gen Z Net Worth By Age
7:40 - Checklist For Sucess In Your 30’s
8:30 - How Much Should You Have Saved By 30
10:40 - Invest Early And Often
12:10 - Financial Habits Too Focus On In Your 30s
15:44 - Checklist For Your 40s

[spcooler]

Try making future videos without the ding tone every time you pop up words on the screen. Would make for a more enjoyable watch experience!😊

[July-qojp]

Did your mom ever catch you eating oranges without peeling or chewing them?

Seriously though what is with this high yield savings account nonsense? For one thing your little graphic shows $10 profit in traditional savings after 10 years (I won't even calculate what percentage that is) and $511 in profit in HYSA after 10 years? I guess financial advice is your specialty but math isn't? In case you were wondering a 5% annual return compounded annually is $6, 289 in interest after 10 years so yes $511 is off just by a hair.

But more to my point the actual 10 year return you get off HYSA of $6, 289 is pretty sad and miserable compared to people who have a clue and put their $10, 000 in a good mutual fund. Recently I've been getting 25% annual returns if you compound that for 10 years that is $83, 132 in gains.

Now mind you mutual fund returns go up and down and 25% is historically high but FDIC savings accounts are also historically high, when mutual funds drop back down to 10-15% the savings accounts will only be paying 1% or so.