How Much Money You Should Save (Amount by Age)



This is how much money you should have at your age and how much money you should save

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Ever wonder how to save money fast, and how much you should have at your age? In this video, I explain some basics on investing for beginners, how much money I have, how to properly pay off debt, and how much to have in savings by retirement age. Financial independence doesn’t happen on it’s own, it takes decades of saving and investing.

For me, I need $500,000 saved and invested (in something like dividend paying stocks) at 4% to generate roughly $20,000 in passive income per year to be considered financially independent or retired. These are some money saving tips to stick to moving in to 2020. Pay off your debts, and let’s start saving money!

*Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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  1. Job that pays 50k per year? :O Well i guess this kind of job doesn't exist in my country xD Here where i live the max you can get is maybe 12k per year and it's just not fair…. 😀

  2. Just turned 25 with a net worth of $79k, earned/saved on my own with the help of my parents letting me live rent free! They're 100% the reason I've been able to make a future for myself and family

  3. <Stay calm, these consolidation periods are temporary.We do expect inflow from investors switching out of Gold ETFs into BTC and also crypto analyst Rico Alan has been doing a great job reviewing all chart trades and techniques on BTC which has enhance the growth of my portfolio. This is an opportunity to both new and old investors by learning and implementing his tips for trading.. ..

  4. I know this video is from 2019, but wanted to still give a shout out. This is really cool that you're giving people of various age groups financial advice. Yeas ago i had to rely on personal finance book and bad advice from family members who in the end owe me money.

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