I'm Investing 50% of My Income. Am I Investing Too Much?!

I'm Investing 50% of My Income. Am I Investing Too Much?!

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[tahirisaid]

Saving typically results in you earning a lower return but with virtually no risk. In contrast, investing allows you the opportunity to earn a higher return, but you take on the risk of loss in order to do so

[jasonparham]

I went from saving/investing 50% to 60%, always thinking of my future self. It just makes me feel good to have discipline with my money and watching my money grow. FYI: Find hobbies/lifestyle changes that makes you happy that doesn't' require alot of expense. Get rid of ALL debt. When you get paid ALWAYS pay yourself first, as soon as i get paid i transfer 60% to my savings.

[vinylEarthlink]

i saved about 50-60% of my income when I was in my 50s. I had a high-paying job in an expensive city, but low expenses because I owned my apartment outright. Because of the nature of my job, I expected they would kick me out sooner or later - and they did!

[nickdoyle-achievefinancial]

As long as you're living and enjoying life. I've reached over 60% while increasing standard of living since I focused on career growth. The high savings rate will open up more possibilities when you reach financial independence faster.

[JayTheTruth]

This was a good video to see. My income recently increased, and I’ve been able to save 25-30% of it, but wasn’t sure if i should live like a hermit or be able to occasionally indulge in my hobbies. This video answered that question for me

[emilydavis]

The stock market have always and will always be a volatile market, that is why it is important to have proper research, analysis and strategy when investing

[gojl]

At 25, there’s considering if he/she wants to be in a dual income family in ten years. Money saved doesn’t have to be for retirement. It could be saved now so that when they have kids one parent can stay home at least part time.

[josephburton]

Y'all should make it a requirement for people to disclose specific details about their financial situation if they're going to get their questions answered. How much is a high income to this person? What is low rent to this person? All of these details are pretty relative. It would make for a much more informative video if you could speak to the specifics of their situation.

[andrewdiamond]

I was in a pretty similar situation in my 20s. I was single, had a roommate, lived in the smaller bedroom of a 2 bedroom apartment, and had a paid-off used car. I was making somewhat more than many of my friends, and didn't want to appear overly ahead of my peers, at least for a while. I was saving about $1000-1500 a month of my $3000 take home in 1990-1991 - after contributing 10% to my 401k.

I eventually bought a newer used car for cash (a 1986 Acura Legend with low miles) and went back to get my MBA, taking out only $11.5k in student loans (since I had banked about $30k even after the car). So, even though my "why" wasn't clear at the time, the why became grad school and finishing grad school with a $1xx student loan payment instead of the $5xx payments most others had.

[pey]

I save/invest around 56% of my gross income. This is a byproduct of being a highly paid remote worker in a low cost of living area. I spend $1500/month on food alone as that's my indulgence and how I treat myself. I plan to retire in my 40s (age 28 now)

[OnCashFlow]

Answer was better than I expected! The balance will be different for different people. 50% SR on a high income is not that crazy imo

[matthewdupree]

Maybe consider giving more! Im in a similar boat as the caller and have been looking for places to “invest” in human well-being. Whether that’s sharing knowledge with other young people who aren’t as lucky or financially giving.

[KRscience]

They answered this very well. Set some realistic goals and try to find a partner who shares your values and goals.

[DesiderataTruth]

Saving 50% without significantly diminishing your lifestyle is a goal. Putting that 50% into your investments is a separate question--you don't want to wind up equities rich and cash poor. People have to budget for their liquid savings rate as well, or they wind up with a job loss or emergency and have to sell off their taxables--or Lord help them, take retirement distributions--for cash they could have saved up all along. You need to keep track of at least five pools: 401K (or other employer program), IRA, taxable, emergency funds, and other cash savings for projects and play money.

[JosephDickson]

Imagine saving over 50% and avoiding going to a doctor for a routine checkup out of fear. Everything in moderation including investing.

[MS-glmg]

Hello! Been watching your chanel for a while now. I was able able to save around 50% of my income before the pandemic. During the pandemic had to spend half of the savings. And now can't even save 20%, because the pay dropped dramatically. Hi from Russia.

[July..]

Save / invest as much as can as fast as you can your older self will thank you.

[Lex-pktx]

Sigh. I’ve been saving like 19% in my 401k, maxed my Roth and have an emergency fund. I however live in LA with roommates in a rent controlled apartment that floods with neighbors that keep getting louder. Moving means another 1k a month and I won’t pull the trigger but man quality of life is a concern

[dolevmazker]

This is me right now to say the truth.
So happy with investing and i love having simple fun in life. Dont need the materiality

[Mr_Fairdale]

Hey guys I am incredibly handsome and muscular. Most people recommend being more handsome and muscular than average, so I am wondering if I am too handsome and muscular. What do you think? Should I scale back?