Financial Planning 101 (By Age) - The Complete Guide to Financial Success

Financial Planning 101 (By Age) - The Complete Guide to Financial Success

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.

[loganfishbeard]

The fact that you said you felt broke until you were 43 makes me feel so much better at age 33. I always feel broke, but only because we are saving a ton. My grandmother(who was raised in the wake of the great depression) always told me "It's good to want things".

[madguitarist]

I've followed a while and I have a thought: I think age groupings should be shifted. The grouping by the first year of age (ie 20s, 30s) is less relevant IMO. Recommended decade groupings:

Group 1 : 18-25 (generally the same place in learning life after school)

Group 2 : 25-35 (generally when people start figuring life out)

Group 3 : 35-45 (last half of messy middle, again similar life)

Group 4 : 45 - 55 (know your number becomes important)

Group 5 : 55 - 65 (the landing)

Just feel those groups are more in the same life position than doing 20s 30s etc

[misssophiamae]

We were actually on the receiving end of some financial support from my in-laws, and the way they did it was the way we probably will for our kids if they ever need it. The offered free childcare on some situations, bought our kids super practical gifts like clothes, and even let us have a 20 year old car when they were done with it. Very supportive, but we definitely always felt very broke. Thanks to their balanced support we have been firmly on our own feet for the last 5 years.

[cortez]

I am 22 years old and lost my dad about half a year ago and I am going to receive some money soon. Would it be smart to grow my money in stocks for a few years while I am in college and then invest in rental properties afterwards, or should I go for real estate investing first?

[justbrent]

Bo's never not excited and I'm here for it

[spdog]

I have decently high net worth parents (probably 5-6 million)in their early 60s, I nicely tell them I’m an adult who is also a financial mutant and my wife and I are in great careers and been investing since early 20s and that they could spend their money giving, making memories and splurging a little more and that we don’t necessarily need a massive inheritance. I hope it doesn’t take away from what one of their goals was which is to leave a good inheritance/legacy. My wife and I have two kids and we want to give them the world, but more than that would love to see them self-sufficient and building their own lives. I guess this phase of life is teaching me that if you raise them into responsible adults, you don’t have to worry about leaving behind massive sums of money to them.

[teethless]

I'm 18, and I am very excited to get started with investing and learning what I should be doing with my money as I age. Thank you guys for your content!!

[jbmanwe]

All the videos assume that you start investing at 20. It would be nice a video where you start from 0 at different ages.

[cody]

32 here and we are not broke by any means on paper, but man do we always feel broke.

[rudyardganuelas]

Is Bo going to be excited for this episode?

[txbiker]

When my wife gets down about not having the newest things like her peers - I have her look at our savings and retirement accounts and she instantly feels better about not having "all the things". 😊😊

[jasonhobbs]

Really good episode! I’m going to have my son listen to this.

[mikemlbz]

I enjoy this channel so much more than other similar channels. It’s not regurgitate advice from unqualified folks.

[santawarrior]

Im glad i found out about this channel while im young

[richblack]

Wow! THANKS GUYS! Many of us Gen-Xers were left to our own devices on personal finance and wealth creation, and there are things (insurance, estate planning) where the information out there is still VERY scarce. Trusts, generational wealth, etc., might also be of interest to your audience /client base. Thanks again!

[IOSALive]

The Money Guy Show, This is fantastic! I subscribed because I love it!

[grega]

Absolutely ASK the person who you want as executor if they will do it. I was willing, but I found out after. I plan on leaving life easing inheritance, not a life changing one.

[laundrygoddess]

I'm 50 with two young adult autistic kids. It's so hard to know where the line between supporting and enabling is.

[joshr.]

Would the foo be similar for Canadians? Just replacing Roth ira with TFSA, and replacing 401K with RRSP or RPP?

[MoneyVersity-xgdi]

To all people reading this 🎉🥰💖
👇👇👇👇👇
May financial blessings rain down upon you like a gentle shower, nourishing your life with abundance and prosperity. May your bank account overflow with wealth and your investments multiply beyond your wildest dreams. May you attract success and opportunities that bring you joy and fulfillment in all aspects of your financial life. Remember that you are deserving of all the good that comes your way. Wishing you a bright and prosperous future filled with happiness, security, and financial freedom. May your financial journey be one of growth, abundance, and endless possibilities.