How to Win Financially Based on Your Income! ($30k,$50k,$100k,$150k)

There’s no way around it: Americans at different levels of income face different challenges on their wealth-building journey. Some advice may only apply to those with a lower income, while other advice applies only to high-income Americans. We want to break it down by income to show how you can be financially successful no matter where you are at.

Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

[pugzilla]

23 just graduated college, opened my Roth IRA and put 60 dollars into it to buy my first etf, I think I’m set for retirement

[Aaaronicus]

I just crested 6 figures and was thinking about a new car with worse gas mileage 😂. Thanks for the reminder about lifestyle creep.

[dr.Morgann]

I'm set to make $600, 000 this year, and my net worth is north of seven figures, but I'm really worried. My portfolio has only grown 10% in the last five years, and I feel stuck. I desperately need to revamp my investments. Any advice on what to do with my money would be greatly appreciated.

[christianrollman]

24 years old, 30k a year. No debt, 25% into retirement, cheap apartment, everything gets paid pretty easily and 785 credit score, currently putting aside $1000 a month to save on a down payment for a house.

[tyleralexander]

Brian, this is nuanced, but just so you know next time... a commercial pilot's license (ATP) often costs over $100, 000 with no degree and a degree is recommend for becoming a commercial pilot. Just wanted to add some realistic expectations for folks. You guys are great!

[KG-oeoo]

I know looking at the potential of growth for a 50 year old isn't as sexy as someone in their 20s, 30s and 40s but there are still plenty of people in their 50s trying to navigate their way to savings and retirement.

[Aunny]

I feel like these guys just slam 8 coffees before their pods. It always starts off with “so excited” and they plug their website 26 times during their talks. It cracks me up every time!

[edgarjuarez]

Feels good to know at 26 I’m making the 30s income with no kids and wife. Migrated to the US in the 2nd grade . Let’s go !

[BusterDarcy]

I went from making $50k/year in my late 30’s and not investing anything, to now making $190k plus 20% bonus in my early 40’s and investing 60% of my take home, 80% of my bonus, 80% of my tax refund, and of course doing the 4% match with work. My lifestyle has improved somewhat from when I was making $50k where the pressure is off and I can enjoy a meal out or a modest vacation but it’s still relatively modest living with a burning desire to put my money to work so I can stop working and do the things I dream of with my time by the time I’m 50-55. No fancy car or giant house is worth delaying that for me just to have those empty indulgences today.

[theSpotato]

I like the title but I wish there was more specific information for each income bracket; would love if you delved into this more with more details!

[JuniorShepherd]

Families are expensive. Take it from me a six figure earner. If I had to do it all over again, I would build a foundation first then add the family later. Trying to do both at the same time is tough!

[Luna.inthedirt]

I just reached a 6 figure gross income and I have only been forming bad habits.. no time like the present.

[aboutwhat]

21:49 Very important point-- save early and you'll have the F.U. money to continue working or to pivot to something new. Do things on your own terms!

[hockeyhalod]

Lifestyle expansion is so tough. Especially when the first two kids took a whole year to conceive and now the 3rd one worked right away, 😅. Yay messy middle!

[zacharyhildebrand]

I’ll start by saying that I love your work. It has helped me a TON on my journey. But this episode was supposed to be about income levels, but each income level was equated to a life stage. What about the 50 something making 60k who’s trying to figure things out? Or the single parent with two kids who also wants to be prepared for retirement? Like the idea! But I feel the execution wasn’t quite there.

Keep branching out though! With more attempts these videos with a different lenses will get better.

[MellisaAdam]

You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people, One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities, etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Anna Rounds Fay my FA.

[austinscott]

The ROI on being a commercial pilot is great. I am a Captain at a major air line based in pay vs work ratio is nearly unbeatable.

[ValentinaVaVaVoom]

Love this title!! Doing by income is SOOOO gelpful. All the financial guru's do one by age - which sure, can be helpful based on what chaptwr of your life your in but by income is TREMENDOUSLY helpful. Ok, going to watch now. 😊

[antionetteportillo]

30 and just paid off my student loans. Now I gotta lot of catching up to do to bring my 60k up to 1x my income.

[gpaciga]

I would like to see a combo of the "already on track" data with the "savings rate vs age = how much replacement" data, i.e. a chart that says given age and how much of my salary I have saved so far, what savings rate do I need. I'm 40 and I don't have 3x my salary yet, but I'm also not starting at zero.