I Quit My $140,000 Job After Learning THIS About Money

I had 4 realizations about money during my tenure at a job in gaming/tech that led me to quit my job and pursue something different. In this video I share that with you - let me know if any of this resonates with you in the comments.

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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.

PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!

⏱️ Timestamps:
0:00 - Start Here
0:57 - You Are Replaceable
3:47 - You Need Equity
5:38 - Time & Outputs
8:02 - Freedom of Time
10:23 - Money & Actions

[nicolasbenson]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[hullbruce]

I'm glad to have stumbled on this video as it is an eye opener and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.

[Madchris]

Sometimes high stress high paying jobs aren't worth the mental or physical health degredation you may have. Also depends on the tax bracket you are in and what state as well.

[tonysilke]

I love how you take your time to educate your viewers we all strive towards financial stability and a better Life. It is easy to achieve this through the right investment, by living frugally and budgeting. I'm glad I learnt early in life to work hard for financial freedom

[hikingpeaks]

I was in equity research/investment banking on Wall Street as a female, and quitting that job definitely felt like a failure, but I'm much happier now. At the same time, cutting my daily expenses put me in a much better place financially. It took me about 20 years to figure it out while you figured it out very early. Kudos!

[MegatPage]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[kimberlychin]

I love the little snippet with Caleb Hammer. That was a funny short! Thanks for your insight too.

[christopherdibraccio]

You voiced what everyone doesn't want to admit. The company looks at you as replaceble and if you don't have a good amount of equity you won't be able to create wealth. Loved the hours of the day breakdown, because at the end of this life, all we have is time, and we all need to figure out how we want to spend our time.

[stephans]

The thing is, the vast majority of people who will try to get rich by quitting their job and betting on starting a company to make it big, will either fail, be barely able to get by or at least make less than they could have made in employment. It's really a small portion that will truly get rich. So by pursuing this dream that has a 1% chance of making you crazy rich, you are forgoing other career options that might never make you a millionaire, but might still pay pretty okay for a lot less stress.

[sarahill]

This was exactly what we needed today. My husband turned in his resignation this morning. He will be starting his own business in just a few weeks. He has the advantage of having a pension to fall back on, and I am employed, but wow, you hit every reason he is retiring early on the head. Perfect timing for your video!!❤

[NatS]

Thanks for the advice. Im currently 24, in a field where i also feel ive plateued in what i can learn and have to wait so long just for simple projects to move forward. I will be soon working only 2 days a week there as it funds my bachelors for free and there are good stock options and my pay more than covers my needs. The goal is to eventually give myself the freedom to use my time in a more effective way, giving me more options to make money and paths to pursue. Best of luck to all, keep pursuing your dreams!

[Benjamimic]

As a 20 something in their first tech job this was a good video to watch, I appreciate it! I feel pretty lucky to have a great work life balance in Test Automation where the code does the work for me, I have "unlimited PTO" (direct manager policy, not company policy), WFH 99% of the time, and flexible hours outside the core team hours. Eventually we all get to the point where personal time outweighs the value of money so everyone should try their best to push for a good work life balance. Who knows, maybe the 9-5 5 day work weeks will become a thing of the past eventually.

[Changsway]

Been steadily watching your videos as they pop up and thoroughly enjoy your down-to-earth personality and calm voice. Really happy for your success and wishing you the best of luck in 2024.

[frankfeng]

The "you don't actually need that much money to have freedom part" is what I learned

Bought so much stuff that I enjoyed that I had to keep working to maintain it, then I realized I didn't have the time or energy to enjoy it... so I sold a bunch of it, spent less and had less, but still enough to enjoy and now I can do whatever I want almost whenever I want!

Thanks for putting that into words. I hope other people learn that too. Lifestyle inflation/creep is a killer.

[richarddonald-gcrb]

I’d be retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.

[deepeasttexasoutfittersllc]

Been making over $150k working shift work at a chemical plant in Houston since I was 22. Working anywhere from 36hr a week up to 80hr plus. Waking up at 3am to make shift is part of the job. Working nights weekend holidays we all can’t work your basic 9-5 during the week. Hats off to the police firefighters doctors nurses and everybody else making the world go around.

[richhands]

My three favorite channels: Humphrey Yang, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[Enchanteralle]

I agree about trying it out as a side hustle before transitioning to entrepreneurship. I did that for about 3 yrs before I took the risk to leave my day job. I also don’t have a ton of responsibilities or loans, so I had the privilege to take the risk. I also remind myself that I can always go back to working for a company if my business fails, but not to think too far ahead because a lot of things can happen in a personal business. Thanks for sharing!

[vohdben]

Unfortunately most health care and retirement plan are tied to employment with corporate. It made us feel more dependent on the job. Do you have any recommendation on how people can afford health care plan without a corporate job?

[kueyang]

I am enjoying these new videos, very down to earth and relatable. Keep it up.