The Best Financial Strategies by Income: $40k, $75k, $100k+

In this video we go over the top strategies for personal finance by different income levels, around the $40,000 salary level, the $75,000 salary level, and if you make more than $100,000+! I hope you enjoy

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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
0:30 - $40,000 Salary
1:15 - Goal 1
2:13 - Goal 2
3:15 - Rocket Money
4:34 - Goal 3
6:12 - $75,000 Salary
7:01 - Strategy 1
8:30 - Strategy 2
10:05 - Strategy 3
10:40 - Time & Investments
12:03 - $100,000+ Salary
12:23 - Strategy 1
13:45 - Strategy 2
14:52 - Strategy 3

[nicolasbenson]

I used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.

[tonysilke]

80% stocks 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate $200k stock/bond portfolio for substantial gains at minimum risk of inflation.

[gem]

Concepts I'm most grateful I learned in my 20s: lifestyle creep and opportunity cost.

[angeladeem]

There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have.I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[AminaCasazza]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[TheJackCain-]

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

[MathiasLaurel]

Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance

[victoriaabott]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[brianwhitehawker]

Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.

[SammyIglesias]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[Chris]

22 gonna be 23 in June and net worth is approaching 50k videos like this make me remember that I am on the right path

[emersonstagnitta]

My best financial strategy no matter the income is Never Put All Your Eggs In One Basket. As a 9-5er, I made more than twice my income last year from only stocks and freelance developing. I also experiment with a couple of other things. It's way harder to make money plans when it's coming from just a source No Matter How Well It Pays.

[hunterandchavy]

Never compare yourself to others that drive nice cars 🚙, take multiple vacations, spend money 💴 on unnecessary leisure items (i.e. new sneakers 👟 in every color). I am on a journey to save $100k … I want to aim high so I can reach my maximum potential. Thanks Humphrey… great video

[marythang]

I'm 45 and have already done everything you discussed but I love watching this channel because it's like exercising. Even if I'm financially "fit", this is great to keep me on track and always reevaluate what I should or could be doing next. Keep up the good video content. 👍👍

[lincolnlohann]

Great video and advice. I am 29, have my own business with my wife and our salary is 42K (so 21k each). We have no debts but we just spent our emergency fund and we are doing it again.

It is a bit stressful working on this salary as we always have to be moving money around to cover this or that and we are constantly making money decisions.

However the business is growing and this 42K salary will soon be more and we will have more freedom. We still save 10% and travel a bit with that, but we have to have a huge control haha’

Sometimes I just dream of the day we will be making 60K and have some more freedom hahaha’

[deadspeedv]

An interesting statistic. More than half of Americans earning over $100, 000 a year live paycheck to paycheck. Lifestyle creep is a serious issue.

[BrianGivensYtube]

I’m so happy I focused on investing at 21. I’m turning 26 and my investments are really starting to snowball. Its awesome!

[Angelavaldess]

Loved every second of my watch to the very end. I could really use your help Ramsey, I’m 52 and disabled since 2007, still own a small business with $480K in savings. Already rental property. But I'd still love to grow my investments. Can you help?

[gjackson]

Im 33, I've been saving 30-35% of my salary since the age of 17 and im currently 4x my salary not including my 401k

[Doug-rvnr]

Everyone told me I should buy a new Mercedes or BMW since my income jumped. I went with a 4 year old Mercedes with less than 50k miles and pay less than 4% monthly income. It turned out very well.