9 Financial Goals You Should Achieve Before 40

Hey as a 37 year old I'm upset that this came up in my algorithm. I'm not near 40!!! Oh wait…

Telling people to pay off all of their non mortgage debt ASAP is terrible blanket advice.

You need to look at how much interest you're paying on that debt, Vs how much you could make by investing instead.

Eg if you've got an auto loan at 4%, instead of immediately plunking 20k to pay it off, you can invest that 20k and make 8-10% on that money.

Don't pay off low interest debt before you have to.

Advising people to pay off their mortgage early when many rates are under inflation is borderline criminal advice. Rest is good tho.

Take a 30 year, pay the 15 year installment and more. The 30 very often comes with a lower monthly interest rate, which means you save over the shorter period. Also look at 3rd party insurance and assurance, as they add it to the bill and charge interest on the outstanding.

I was today years old when I found out that the US doesn't have super annuation. It is compulsory for employers here in Australia. Also I opened a bank account when my son was born and we have a container refund scheme here where every empty softdrink can is worth 10c. I put this into my sons account and the interest it accrues is so good. He will be able to purchase his own car by the time he is old enough to drive. 🙂

You are so funny 😂 I really appreciated your jokes! 😂

Good advice on those 9 financial goals, worth aiming for by 40

😂😂😂 who got your cookies!

When he said that shit about mortgage no more than 25% your take home on a 15yr I immediately stopped watching.. so unrealistic, maybe shouldn't use Chat GPT

This video editing is beyond cringy. Like “let’s relate to young people.”

Show me the homes that meet your criteria, and show me the jobs that are out there to pay for it.

I loved a joke about Grant Cardone 😀 To be sure, I like your content more of genuine style and basic information than exagerated 100x strategies which possible to implement by few people 🙂

So basically I am screwed

I got a butler pantry! No butler though.

So what if my goal is Miata ownership by 40

as a w2 earner, you no longer have "at least 20 yrs" to retirement…they're laying people off long before that 🫠

All solid advice, terrible paint choice.

I’m so out of order 😅

Trying to be funny, but actually he is very not funny

So glad you broke away from Ramsey. I love what he does on getting the behavior corrected but most of his math doesn't math. Once you learn the baby steps and you change your behavior its time to move to a different level trainer. I do not agree 100% or vibe 100% with most money channels but there are things that i can pull from all of them and apply to make my personal fianance personal to me. For instance the Money Guys show they along with Dave lean too heavily on leaving a big legacy. They are both still trying to accumulate more and more instead of just going and living their best life. Both have more money than what they can spend in their remaining years and can still give "like no other". Pass the business on to your protege's you did good work and a fullfilling life if you want to be a part of it do it for free like Azul did.

Mortgage free at 38. 1 year EF in a HISA. Saving/investing 60% of our HHI now. We are realistically going to retire around 45 (DINKS for life).
Min 3m in investable assets not including house (750k).
It took so damn long to get here but now it feels like we're on a speed run. Daily swings are nuts especially with all this volatility.
Not bad for a recovering drug addict who was personally bankrupt at 24. If we can do it, you can too!

My wife and I turn 32 this year. We have a fully funded emergency fund. Were investing heavily. And we are about to pay off our house. Hello financial freedom

A mortgage is cheap debt. It's also LONG debt. Even a 15y mortgage is a long time to pay interest on.

40, pregnant, still recovering financially from a divorce, and lost my job.
I’m starting all over again. 😭

i love the 9th one 💥💛💛

$1 million ain’t what it used to be. $2 million is the new minimum to retire

I'm always confused at the 15% savings for retirement tip if I do the maximum 5% that my company allows. Does this mean I should do an extra 15% on top of that? does the total 10% (my 5% plus the company's 5%) count toward the 15%, or just my 5%?

At what point is this just the same video over and over again?

Most people don't own their house. The bank does. Why are you saying home ownership when you don't own shit?

3:56 If people took this advice, the median household income’s target home price would be $100,000. I almost want to discredit the rest of this video’s advice due to how huge of an oversight this is.

I LOVE that paint color thanks🤩
We will NEVER get to own a home bro. Debt free check, but our income will never allow for half mill houses… And we moved to a rural town for cheaper houses and still can't afford to own 😢

11:00 pay your f king taxes

Goals by 45
1. Pay off house
2. Over 2m invested counting all investing accounts
3. 3 kids doing well in school
4. 100k saved in 529 for those 3 kids

Giving 10% of your income when you have debt is honestly terrible advice. Donate your time instead at that stage. Or better yet donate your time to earning more income to get your debt paid off, build up a buffer, then think about giving.

Having 50% of your income going to mortgage repayments is not that bad if you're a high income earner (so the leftover is still a lot), you live relatively modestly, and you've purchased a blue chip asset with strong growth prospects.

1) failed.
2) failed.
3) success.
4) success.
5) success.
6) success.
7) too many ads. Didnt make it to 7.