How much money you should save BY AGE?

Discover how much you should be saving and investing by each age milestone to secure a comfortable financial future.

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TIMESTAMPS:
00:00 Intro
00:20 20s
01:55 30s
04:13 40s
06:19 50s
07:36 60s and beyond

🧡DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support!

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[nischa]

In this video, I share Fidelity's guidelines for how much you should save by age plus (and more importantly!) actionable points to focus on during each decade. Enjoy!

[KennedyVerbruggen]

I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?

[PapiChulo-ts]

I retired with $600k saved, and looking back, I realize I could’ve done things differently. Not saving enough, plus the impact of inflation and sequence of returns risk, makes me worry about outliving my savings, and it’s not something I can easily ignore. Not saying it’s the only way to go, but it’s something I think about.

[HoverLopta]

the book that changed my approach to money is The Comic Guide to Financial Bombs all recommendations. It's completely different from anything I've read so far.

[OnlyViralNEWS-fgku]

3 things that helped me and literally changed my life

1. I stopped watching porn
2. I read the book called 'The Comic Guide to Financial Bombs'
3. Stop drinking

[RKhan-fudz]

there's a book called Secret Pathway To Triumph, and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal

[jefcro]

I turned 50 this year. The advice I'd give my 25 year old self is to choose wisely when it comes to one's spouse or partner. This choice is critical when it comes to trying to achieve some sort of financial independence or control. If your spouse or partner are 'on the same page' as you with regard to family finances, then that's great. If they are not 'on the same page' as you and are unwilling to be on the same page as you, then you are in for a heap of financial trouble... Choose wisely...

[OnlyViralNEWS-fgku]

It's surprising how under the radar the ebook The Comic Guide to Financial Bombs is. If you're curious, It is definitely worth a look.

[blamemando]

Great insights in this video! It's not just about saving but also about making your money work for you. By investing in solid assets like real estate, stocks, or mutual funds, you can grow your wealth steadily over time. Start early, even with small amounts, and let the power of compound interest work in your favor. Remember, it's not just about how much you save, but how smartly you invest. Your future self will thank you!

[KarenLynnOlsen]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

[vlogerking]

The concept of Secret Pathway To Triumph blew my mind. It’s like finding a cheat code for financial abundance.

[shellylofgren]

I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.

[EchoesOfTruth]

Tracking where your money goes really makes a difference! It’s surprising how quickly you can start saving when you pay attention. That advice about saving one month’s living expenses is solid—definitely something I would start working towards.

[GillerHeston]

The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

[Aengel]

Investing has been rather rewarding to me and I've learned that getting a good return is very much attainable if you know your way around it.

[GailThomas-to]

I'm glad the caveat was said at the end of the video- LIFE HAPPENS :). I'm in my mid-60's, retired, and let me tell you, lots of unexpected life stuff can impact savings...employee lay-offs, sick relatives, career changes, that devious lifestyle creep. What matters is keen awareness of your finances and keeping your eye on the target.

[janeelizabxth]

I’m in my early 20s and I’m proud to say I almost have 6 months of emergency expenses saved + almost 1 years of salary worth😊

[brianthompson]

My only issue is that this is general guidelines of money management for MIDDLE CLASS people, who roughly make average income (50k+) or more. This does nothing for people born into poverty from day one. Most impoverished people make less than 30k annually. Saving anything is almost impossible in those circumstances, in which case the reality is they need to make more money. The advice is solid, just not representative of lower income earners.

[kimberlycobbs]

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

[KeeptheChange]

Save what you can and consistently invest. Be intentional with your money but don't make yourself miserable.