These Financial Statistics Of The Average Person Are Eye-Opening

These Financial Statistics Of The Average Person Are Eye-Opening

Have you ever wondered how your finances stack up to the average person? What’s the average amount others have saved for retirement? How does your income compare to what others make in a year? What about your spending? Taking a look at these figures will give you further insight into your situation and they can be used to gauge whether you’re ahead of the average person financially. Pay attention because some of these are pretty surprising.

[sirheisenberg]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[MikeHoward]

Risk management should always come first, the reason many traders lose money is not simply due to inexperience or a lack of knowledge of the market, but because of poor risk management

[EdwardAnthony]

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[JenniferDavis]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[bysquared]

My family’s company use to add 15% of our employees salary each into a profit sharing plan. That plan had a average 11% growth rate over the years. One year our company pretty much broke even in our company profit but we still put in 10% that year for the employees. When we sold the company we had employees with over $1, 000, 000 in there profit sharing accounts and that was in 1996. We had 235 employees. I would say we were a pretty good company to work for. Thanks Dad.

[ChanMingMason]

I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Judith Layton focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch

[ZigZagPower]

Fun fact: If you watch Chris, you’re most likely doing better financially than the average person.

[DaniellaCarla]

Success is not built on success. It's built on failure, It's built on fraustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successful in life

[eliseduffyfxx]

I recently sold a house in Portland, and I'm considering investing the proceeds in stocks. I know it's a wonderful time to buy, but is this the right moment? When will I fully recover? I'm honestly just perplexed at this point as to how other folks in the same market are making over $450, 000 in gains in a matter of months.

[Foslopac]

Knowing the 65+ demographic has only $88k in retirement savings is terrifying.

[paulthomson]

never compare yourself financially with anyone else. That's the ultimate way to feel bad. The best way is to compare yourself to how you were last year or previous. That is a game you can win. If your expenses exceeds your income that is the only thing to worry about.

[BenjaminMcLeod]

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.

[AnthonyJames-zt]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45

[gmcg]

I graduated college in the early 1990's with an engineering degree. My company offered full tuition re-imbursement at the time, so i went bacn to school part-time for an MBA. I took a Finance class, and it changed my life. Learning the Time Value of Money was the single most important topic, I've ever studied. And, after taking engineering classes, it was relatuvely simple. I started saving with automatic monthly deposits to various mutual funds. Some 30+ years later, my biggest worry is paying capital gains taxes on the distributions. That's a good problem to have.

[azteca]

I was a company for about 10 yrs. (Medical field) The same year new management came in, I was diagnosed with cancer. Had surgery and treatment and went back to work after 3 months. The following year I was let go, as I was going back to check if the cancer was gone. Fortunately, I had saved 6 months of emergency funds. You just never know what life is going to throw at you

[mark]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

[DSC]

In High School, back in the late 70's, we actually had a personal finance class as an elective. At the beginning of the semester we would bring in the newspaper business section to learn how to read symbols, prices, etc and we picked stocks to buy and trade with a pretend $10k to see who did the best by the end of the semester. I came in 2nd. We also learned about insurance, credit card and auto loan dangers, banking, mortgages, etc. This was LAUSD of all places and it turned out pretty well for me. I don't know why they don't teach this today.

[frankcurrie]

We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?

[Aziz__]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

[bionicdan]

I'm 64 and have been comfortably retired since age 62. I started investing into mutual funds at age 26 with about 10% of my income. I preach to my adult children to invest at a young age. By doing so you have the "Time Value" of money on your side. Time to grow that nest egg is HUGE!!!