How to Win Financially Making $100,000 a Year!

$100,000 sounds like a lot on paper, but chances are you could be starting to progress in your career with a lot of new life obligations. Get ahead by recognizing your blind spots and rebuilding good habits.

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.

[Rastebb]

Really enjoyed this as someone that just hit 100k this year at 30 yrs old. I keep plugging my info in for a 40 year old and it looks like im on track for a Rule of 55 retirment

[kortyEdna]

As a soon-to-be retiree, keeping my 401k on track after a bumpy 2023 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.

[vwzttep]

Hit 100k just as we paid off our house in a l/mcol area. Able to save around 30-40% now as we're behind for retirement savings. Only able to do this by controlling expenses with cheaper cars etc. One unplanned expense puts us behind in our savings goals if we have to rebuild our emergency fund and it still feels like a scarcity mindset is prevalent. Paying ourselves first and then staying the course has been instrumental. Most importantly though, finding contentment in our situation instead of being consumed by comparison trap and other things beyond our control has helped us stay the course. I would encourage others to keep working and staying positive fully recognizing it is hard and difficult and at times it feels like you're not getting anywhere.

[charletfoster]

Automatic investing=comfortable retirement 💯🙌🏿

[flra]

Playing catch up. On my mid 30s, just moved from another country but on track cause i’m able to save at least 25 percent of gross income plus extra for stuff like house

[J_pearce]

I have some catching up to do. Didn’t start my career until I was almost 28.

[pioneer]

I'm at 35, over the 2x salary saved by a good bit, basically at 3x. Still saving as much (a bit more) than recommended for a person with nothing saved. Still doesnt feel like I'm necessarily far ahead, but I guess its just hard to compare that with other people since all balances are hidden.

[Brittanymotes]

Does anyone know to submit a question to the show?

[stevenrburgoyne]

100k unfortunately isn't that much money. One thing can happen in your life and it could wipe out a bunch of your savings. I am currently dealing with one of those unfortunate life circumstances.

[getinthespace]

We just had some unexpected expenses whipe out our savings. I'm shooting for one of those 18-24 month expense reserves that was talked about. Our middle is really messy. I'm going to park 3 months in savings and the rest in a treasury based money market.

[wpelfeta]

I remember being in high school and dreaming big about how I could get a 100k job if I did well in college. Unfortunately, I flunked out of college. I'll spare you the details. But fast forward to this year, I finally got a raise to 100, 000. I was so happy I fulfilled a childhood dream of mine, until I did the inflation calculation and 100k today is only 65k from 2004. Sigh.

[ericbresnahan]

question, it seems feasible to hit 3 times my income at age 40 but i will not hit 2x at 35 does this make sense/is this normal?

[bruno]

25% of gross when you live in a country like canada with our taxes is nearly un imaginable to save

[michaelswami]

Why would someone saving 25% need to replace 80% of their income when they’re at the decumulation stage. They’re already living on 75% of their pre-retirement income and don’t have 7.65% taken out of their income. Many will also receive social security or a pension (at least at present) and if they were earning 100K a year, that could be significant. Work expenses (gasoline, vehicle maintenance, work clothing) is significantly reduced. 50 to 60% seems more realistic to me.

[Kevinnnnnnnnnnnnnnnnnnnn]

So basically at 100k max out 401k, hsa, and roth ira at 40.

[lprice]

How does one avoid lifestyle creep when you start having kids? I have one on the ground and two more coming in the next 5 years. My wife wants us to move into a single family house with 3 bedrooms. I don't know how I am going to have the kids and put them in a house.

[prevaloir]

If you're making 100k and need this video, you'll never "win".