I hope this video was informative, let me know your thoughts - leave a comment below, I try to write back to everyone who comments in the first 30 minutes - 1 hour of the video release! So turn on your noti bell ;)
@Sc9cvsd
Жыл бұрын
Another big factor is write offs. Many people who make high 6 or 7+ figures own businesses and have write offs and in reality make far more than their taxes show. Maybe on paper only 1% make more than $500k but in reality a lot more are pulling in over that but for one reason or another it isn't in their AGI
@AFGixxeR88
Жыл бұрын
Apparently the six figures is very common these days. Lots of kids make that a month
@AvelineOztas
2 күн бұрын
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
@SujayPera
2 күн бұрын
Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
@NoahNollens
2 күн бұрын
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
@BrigetGstar
2 күн бұрын
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@NoahNollens
2 күн бұрын
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *Julianne Iwersen-Niemann* for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@BrigetGstar
2 күн бұрын
I simply Googled her name and her website came up right away. So far, it appears interesting. I emailed her, and I hope she responds soon. Thanks
@LivaHolst
Ай бұрын
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing $100 per month can compound to tremendous wealth over decades. The key is to keep going!
@nicolasbenson009
Жыл бұрын
I started buying some more stocks at the beginning of the year, but nothing big. Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person. I am well aware of the costs associated with working more to get more money.
@michaelhernandez2868
Жыл бұрын
Hi, Humphrey. I retired in November of 2021 at age 60 in midwest, northern Illinois. I didn't break the $100k point 'til 2017. The most I ever made from earned income was $128k. But the final 11 months that I worked I made $108k of earned income from my job at a major utility & $400k gross from real estate investments. I accumulated $1.8 million in assets in 401(k), Roth i.r.a.s, rental properties & a very small farm. I sold 1 property that made it possible for me to retire that same year. Another large electric utility kinda told me to sell to them or they could take it from me by emminent domain. I bought it in 1996 & had paid it off long ago. So, I said, "Ok...". I only have a high school diploma & knew I would never afford college. So, I went to work for a natural gas utility & stayed with them for 37 years. I just knew that I had to make it past $1million in investments & not rely on a huge income because I didn't attend college. I managed to pass that mark by a bit more.
@TheJahnStead
Жыл бұрын
Being in Texas with a 140k salary I personally feel to be touching the rich feeling. It is almost guaranteed for us to save at least $2k a month at a minimum even though we do not hold back too hard on what we do during the month. I do believe that you don't always need to obtain a high level degree. I only have a bachelors and work as a Controls Engineer. To me the key if you do not get a graduate degree is to keep expanding your skills. I primarily work with PLCs but still have learned how to use Python, C#, and various scripting languages because companies value having someone that can build tools that improve the efficiency of our every day tasks. I run a small eBay business selling battery packs. I do all of my own investing. Never stop learning.
@vincea1830
Жыл бұрын
That's kinda wild, I save roughly 2k a month making 35% of that income. You must have some crazy truck debt or something 😅
@grannytorrelli2560
Жыл бұрын
@@vincea1830lol, no need to lie for internet clout man. You take home less than 4k a month, but save 2k? Seems legit.
@BaphomentIsAwsome666
Жыл бұрын
Plato once said " The most important thing in life is not to have the most but need the least." If I can make 70k with my current work load which is 18-23 hours a week then I'm golden.
@penitent2401
Жыл бұрын
Making 70k working only that many hours per week means you have to earn $70 per hour.
@Rachelschneider03
Жыл бұрын
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
@ReidCoffman1
Жыл бұрын
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
@AshtonGrace
Жыл бұрын
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my CFA.
@MariusNatt
Жыл бұрын
@@AshtonGrace Impressive can u share more info??
@AshtonGrace
Жыл бұрын
Having a coach is key in a volatile mar-ket, My advisor is "Maria Teresa Tyler" You can easily look her up, she has years of financial-market experience. @@MariusNatt
@Rapha187
Жыл бұрын
Blah blah fuck these scamming bots
@Brigh578
10 ай бұрын
😊Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly
@JennyMaxwell-r1y
10 ай бұрын
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this, are you a pro investor?
@Brigh578
10 ай бұрын
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi
@JennyMaxwell-r1y
10 ай бұрын
I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?
@Brigh578
10 ай бұрын
The adviser I'm in touch with is *CAROLINA MELINA PHERSON* she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me she strategy works hence my result. She provides entry and exit point for the securities I focus on.
@JennyMaxwell-r1y
10 ай бұрын
Thanks, I just googled more about her, I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
@lionhearted99
Жыл бұрын
Another important aspect is unrealized gains in investment portfolios. These won’t show up in income figures, but are a huge factor in building wealth. Surprised at how high some of these annual figures are relative to net worth benchmarks.
@jk23365
Жыл бұрын
Great videos man, I look forward to these every week! You have really inspired me to think more about my finances and how to optimize my savings
@humphrey
Жыл бұрын
dude i love hearing that! thank you so much for watching.
@JonLikes2Jam
Жыл бұрын
right there with ya on this
@VirginiaHapa
Жыл бұрын
I find the household vs individual definitions across these reporting agencies confusing for folks. They aren’t necessarily the same. A household can include two earners, no? It might be good to make that distinction clear.
@johnma807
Жыл бұрын
Based on these numbers, it sounds like he is talking about personal wage and not household income.
@RellikReyalp
Жыл бұрын
@@johnma807yeah but the median income he was talking about is household and not personal wage. So thats often considered a 2 person household. Median personal wage is around 40000 dollars.
@adoneves22
Жыл бұрын
Hey Humphrey, I found you on TikTok back in 2020 or 2021 and I've been a fan since. Keep up the good work! Love from Portugal 🇵🇹
@humphrey
Жыл бұрын
So cool! thank you for watching since 2020/2021!
@philippelarocque4207
Жыл бұрын
Acknowledgement and gratefulness for what we have, well said!
@randxalthor
Жыл бұрын
Wanna be in the 1%, you're usually gonna have to be a little bit of a salesperson in some way. Running a business, working on commission, representing a person or entity negotiating contracts. Whatever it is, the most valuable skill comes down to convincing a few wealthy people to give you a lot of money or many people to give you a little money.
@mocheen4837
Жыл бұрын
Sales people make a lot of money going into the millions.
@JasonTaylor-po5xc
Жыл бұрын
It is hard to break into the top 5% or better without owning your own successful business. There are a handful of exceptions like specialized jobs (underwater welder). Also, if you had a good income and saved/invested very well, by the time you're in your 50s you could be top 5% or better.
@JasonTaylor-po5xc
Жыл бұрын
For me, big city trappings can get old quick and it can be super expensive. Instead, if possible, live in a lower cost of living area and visit the larger cities when you want those attractions. Additionally, those features will feel more special since you can't access them everyday and you'll be less tempted to spend away what little disposable income you might have by living in a high rent area.
@markciocco2509
Жыл бұрын
It is VERY important to identify whether any of these income values are individual or HHI.
@me0101001000
Жыл бұрын
I'm on the PhD track. I have a master's in engineering, seeking a PhD in chemistry, aiming for a tenured position in academia, which is usually pretty secure as well as lucrative in my target field. But it really isn't so much about the money for me, as it is that my actual job is going to be trying to answer my most pressing questions and maybe discover something new. Oh, and the fact that I never have to retire.
@humphrey
Жыл бұрын
thats awesome, idk if id want to fully retire, it seems a little slow. I want my brain to always be working on something, i think that can help prolong life. who knows
@peterq9359
Жыл бұрын
Coming from a PhD, academia is never going to be "lucrative". It is isolated and safer for sure
@DM-ql6ps
Жыл бұрын
I'm not sure I'd consider academia lucrative. Salaries for academia are lower than for corporate world. Yes, it's secure and very fulfilling and you'll earn enough for a comfortable life (I'm in academia myself). Do it if it's your passion, not to get super rich.
@me0101001000
Жыл бұрын
@@peterq9359 it does depend on the field. Math doesn't pay so well. But engineering definitely does, especially chemical and electrical.
@me0101001000
Жыл бұрын
@@DM-ql6ps oh of course. That's why I said it isn't so much about the money. The area I'm interested in pays above average, but not ridiculous, but that doesn't matter to me as long as I can provide for myself and family, while doing meaningful work which I like to do.
@edwardgh57
Жыл бұрын
I lived my working life by the Navajo saying “ a man can not get rich without taking proper care of his family”. Then when work ended and money was no longer a focus, my richness increased, because of the law of attraction. Amazing what a feeling can do.
@humphrey
Жыл бұрын
wow nice
@edwardgh57
Жыл бұрын
life’s lessons learned, priceless.
@verychinnyapga1599
Жыл бұрын
You are not only smart. You are a good-looking man. Thank you for this information.
@HudsonK23334
Жыл бұрын
Oklahoma City here. 26, 0 debt. $70k salary isn’t even enough to buy ANY starter home or condo in a suburb or metro area. No idea how average income earners are surviving on the coasts.
@Briluvr
Жыл бұрын
I don’t live there but I checked Zillow and there’s quite a few houses below $150k. I’m sure with your salary you could afford more
@soonerj97
Жыл бұрын
Me living like I'm poor in OKC 😬 we all gotta start somewhere.. Thank you for taking the time and effort to make these videos!
@MelfiortheOne
Жыл бұрын
Hope I get into 80% bracket
@RS-jd2py
Жыл бұрын
Didn't you say household income and not individual income? Two very different things...
@queenofpents3442
Жыл бұрын
Hey Humphrey, can you discuss inflation and interest rates and when you see things going down? I'm still confused by all the terminology.
@bywolves
Жыл бұрын
I love your videos. I’ll say I’m getting confused between “individual income” versus “household income” and comparing the two. Maybe you are always referencing individual income in your videos tho.
@humphrey
Жыл бұрын
this video was household!
@scottjackson163
Жыл бұрын
The numbers for top 10% seem about right to me. I’m 65 - and not planning to retire anytime soon - yet my income continues to rise, at the rate of 5% per year.
@JonasIversen-ob7yr
2 ай бұрын
9:40 Wealth and income are two very different things mate
@1DiscipleDragon
Жыл бұрын
I feel glad to live in one of the nice countries. Knowing that even though I'm not the richest, I already have a pretty decent life in the world and I shouldn't be complaining.
@3301-w5d
Жыл бұрын
Loved the video Humphrey! you've come so far, and the content you are putting out is very informative. I personally think that richness in terms of $ is subjective and then it becomes even more subjective when we are not talking about "rich "but "wealthy" (which takes into account much more than just $ in your account, such as health, family, relationships, wisdom etc.). But i personally think that today, in this society, to feel rich, you need to make over 500.000$ a year. which correlates to being in the top 1% ish given the statistics. for me personally, it's much more than that haha
@xiphoid2011
Жыл бұрын
at the other guy said during the interview is false. Sure, you can skip that and take risk to start your own business, hoping to strike it rich. But thrn you are taking on the 90% chance that your business will fail in the first year. Or, like Asian Americans, being highly educated and be 95% assured of a high income, then use that high income to buy equity/ownership in a successful business and have their employees make money for you. Anyone who says a high paying job cant make you rich obviously doesn't understand risk management in investing.
@jerry19484
Жыл бұрын
26, 210k liquid TC, 350k total TC after IPO. Gotta love tech
@philipc2208
4 ай бұрын
Being rich for me is freedom. My time is priceless.
@sdoolin87
Жыл бұрын
Is this strictly for individuals, or for household incomes?
@Nursemidratz
Жыл бұрын
had the same question. he kept switching between them and never specify. Most likely is household
@walkerjester2048
Жыл бұрын
Great video! Would have loved if net worths were included it 😃
@boredoreos
Жыл бұрын
Is this per person or per household? Is it only counting salary or alternate sources of income like rental properties and investment income?
@humphrey
Жыл бұрын
Household, apologies. And it does include other managed assets, so it should include rentals + investment income, however, as I am realizing now the video makes it seem like its all based on w2 income, which it may or may not be. The data isnt parsed out by family.
@CaptainNinjaKid
Жыл бұрын
I'm making 94k at 22 but I'm living in LA. To feel rich I would want to practically double my income but I know I'm likely to just save all the money and never spend
@SophiaBint-wj8wn
Жыл бұрын
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.
@PhilSommer2
Жыл бұрын
That’s crazy, I’m just doing everything wrong with my portfolio.
@philipcollen482
Жыл бұрын
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
@blessingpaul5484
Жыл бұрын
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My husband and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
@KatherineAnderson-lm8bw
Жыл бұрын
Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.
@Jessicatorres_768
Жыл бұрын
Please do you mind referring me to your financial analyst?
@kyuj2884
Жыл бұрын
Keep it up man. I love your content.
@humphrey
Жыл бұрын
thank you !
@TheTurdballs420
Жыл бұрын
I just need about tree fiddy to be rich!
@humphrey
Жыл бұрын
haha
@bigt69
Жыл бұрын
"I ain't givin' you no tree-fitty, you goddamn Loch Ness Monster! Get your own goddamn money!"
@stinkykyle96
Жыл бұрын
I'm 27 making ~150k TC in rural NJ. I feel really well off and don't worry about money at all, but I don't feel rich because I have friends at FAANG companies making 200-400k 😬 Yes I'm in software engineering and so are my friends. We have bachelor degrees. Thinking about getting my masters, but not sure what area. Definitely something data or AI related
@weswest8666
Жыл бұрын
Who cares what everyone else is doing, do what you want to do, if formal higher education interests you then snag a masters, often it’s not needed in tech to get ahead tho…
@stinkykyle96
Жыл бұрын
@@weswest8666 oh yeah I’m really happy at my current job, only saying I don’t feel “rich” despite making a very reasonable salary. I’m more concerned with happiness and quality of life 🙂
@jamesstewart5005
Жыл бұрын
Top ten percent of my age bracket and I'm a high school dropout. Not bad considering I was in poverty from birth up until about four years ago! I have a lot of catching up to do with retirement and a safety net though.
@humphrey
Жыл бұрын
dude, amazing!!
@jamesstewart5005
Жыл бұрын
@@humphrey When you have children it really changes your priorities.
@baum9048
Жыл бұрын
@@jamesstewart5005what is your job?
@jamesstewart5005
Жыл бұрын
@@baum9048 I work in IT. I never went to school for it but had been doing repairs since I was 13. After some persistence handing out my résumé someone finally gave me a chance. It's been all uphill from there. Except for Covid lockdown of course.
@jona2726
Жыл бұрын
We should get a top 10% excluding the top 1%. This top percentile warps the whole chart it's so elevated.
@pnvst6648
Жыл бұрын
The minimum to feel rich in small town Midwest is in the 90-100k range I believe.
@penitent2401
Жыл бұрын
If you want to know what the top 20% income is, it is just the average. Meaning the top 20% earns 50% of all income. The median income, meaning half of earners earns above and half below, is just half of the average. Half the population earns less than half of the average income.
@lonai319
Жыл бұрын
Really informative video, wonder what's it like being the Top 10% - 1% by age group in the top 10 U.S states by population
@philipknapke7529
Жыл бұрын
What is the individual income rather that household income?
@TechTime111
Жыл бұрын
Hey Great Video! I think you should make another video when new data is released. 2019 data cannot be applied to 2023. Especially after the fed money printing. I think top households make wayyy more today than what the 2019 data shows.
@vibe_tube3634
Жыл бұрын
Top 1% on 30 to 35 age but why I still can’t afford steak for every meal?
@EdA-bz3bu
Жыл бұрын
We live in the land of plenty and for most it’s NEVER enough.
@josephbrown9685
Жыл бұрын
When one lives solely for the accumulation of material items, he or she will never be satisfied.
@ramlozano
Жыл бұрын
Thanks for the informative content. Just want to clarify if these figures are gross or net?
@girlyteengirl101
Жыл бұрын
i love the purple light coming from the other room!
@vxnova1
Жыл бұрын
Hey got an idea for a new video, just researching cd’s on fidelity and there looks to be quite a few options, broker or bank , new issue or secondary, as well as cd funds, can you discuss each type and maybe go through making a purchase of the recommended type on fidelity, Appreciate your videos, Thanks for helping us financially challenged people.
@Runeblade484
Жыл бұрын
Why are we using household income instead of individual income? People shouldn't be comparing themselves to possible dual income homes.
@RS-cl5wg
Жыл бұрын
What would be your recommendation for long term most aggressive highest potential growth portfolio?
@germancamacho3944
3 ай бұрын
What about people that has stopped working but have a wealth of $2,500,000 in What category will they be?
@zacknelson8918
Жыл бұрын
I am 30 never went to college. Graduated high school with a 2.4, I work full time my own business and I earn on average 6 figures easily,
@michelle56704
Жыл бұрын
Also, it’s more important that how much you can save. ❤
@prancingzebra9106
Жыл бұрын
It is crazy to see the jump in income. I’m in the 1% now for 30-34 and I think I can maintain that but once 45-49 hits. That’s a lot of money to earn!
@fadeyewa9678
Жыл бұрын
Wow that's great! What do you do?
@prancingzebra9106
Жыл бұрын
@@fadeyewa9678 I run collision repair centers
@Legacy-Talks
Жыл бұрын
Household stats make this really confusing because one household may be one person and another household five people. Video would have been better if it was based on per capita
@jaydenrussell7491
Жыл бұрын
thank god for KZitem it such a beautiful platform sometimes I think how unlucky I could of been if I were born say 30 years ago
@humphrey
Жыл бұрын
lfg
@rosepink296
Жыл бұрын
Happy to see the income that comes with having an advanced degree, gives me some more motivation to continue schooling if need be!
@ryanc4955
Жыл бұрын
Be careful on the degree though. Make sure it has a high return on investment! And go to an affordable school if you do it
@rosepink296
Жыл бұрын
@@ryanc4955 my income after my 3 AA's got me a salary of 80k and due to the nature of my job there's a lot of downtime in which I can do homework. I'm able to get my BS debt free while still having money come in. It's awesome and I love financial videos like these and I'm glad I found them early! My income should double once I finish my BS too!
@lucaspm98
Жыл бұрын
I bet this is more of a correlation than a causation. Meaning ambitious people who are likely to succeed will apply that ambition to their education, but their education did not cause their success.
@Ferhernando
Жыл бұрын
Wait if the cost of living is 14% lower then doesn't that mean that it is worth $114k?
@kevin10087
Жыл бұрын
I need to be making 100,000 to feel rich and I am in sf. That should be enough for all my needs plus renting a decent apartment and saving enough to get out fast.
@sharingonegduf
Жыл бұрын
🎯 Key Takeaways for quick navigation: 00:28 🏦 Be honest and transparent about your financial situation to build trust and a strong foundation. 02:20 🤝 Establish shared financial goals to align your efforts and contributions. 03:57 💼 Consider a hybrid approach to managing finances - maintain individual accounts while contributing to shared goals. 08:13 🤖 Use regular reviews (monthly, quarterly, annually) to track progress, adjust goals, and maintain financial alignment. 14:41👫 Understand that marriages require effort, and children introduce added complexity to financial management. Made with HARPA AI
@humphrey
Жыл бұрын
close
@piewars12345
Жыл бұрын
@@humphrey😂
@danwirth3511
Жыл бұрын
😂😂
@Johanneslol11
Жыл бұрын
It's intresting to see that america also cares so much about degree. I live in the Netherlands and I earn 60.000 euro per year with just my bachelor.
@keska01
Жыл бұрын
60k in the NL goes much farther than in the U.S.!
@zacknelson8918
Жыл бұрын
I rather live in a small town in a red state, far from the crime and problems of a blue state and big city. And do my work I love and my own boss and make my money go farther than in a city
@isaacl6402
Жыл бұрын
We always see people on social media flexing how they got rich quick. But for each one of those there are probably hundreds doing it the old fashion way through dedication and high education. If you really want it, either way you are going to have to work for it.
@penitent2401
Жыл бұрын
For every one on social media who struck rich quick there are hundreds who fail to. It's like playing lotto and only seeing winners celebrating on TV, they don't show all the losers.
@dingusfinance8931
Жыл бұрын
I heavily recommend the Oklahoma City metro.
@williamqi
Жыл бұрын
How do you factor in total income like bonus and equity? Are these figures just salary? Is this household or individual?
@lycanwarrior2137
Жыл бұрын
Household
@Surfer-727
Жыл бұрын
Another great video ! 4 million would make me feel rich ! 💲💲💲💲
@Biasgoose8
Жыл бұрын
This video is a bit confusing when you talk about individuals but links to household income
@dimitrikatsaros9212
Жыл бұрын
The question I have is the statistics on educational impact on income. The question is of causality: does higher education lead to higher income or are those who can afford to go to college -- as a group -- more likely to earn more anyway due to other factors?
@eikoGoldstein
Жыл бұрын
The chart shows the correlation between educational levels and income. Correlation is not causation. Your question is a good one, but we will have to look elsewhere for your answer. I suspect character, virtuous habits and intellect are determinative. Luck is always useful, if you are prepared to recognize and capitalize on it. Best wishes!
@shannoncargo468
Жыл бұрын
Education is not everything for being top income I can promise ya I’m one of the top of my class and never wasted money on college
@annawong1305
Жыл бұрын
Another video telling me I'm poor 😅 I'm in the UK but these videos are still interesting! If i had a million dollars, i think then I'd feel rich.😅 as for income, $100k salary sounds decent where i live in northern England. I'd have to be Head of Finance to get that kind of income as an employee.
@humphrey
Жыл бұрын
ill try to be more inclusive of the UK in the future!
@annawong1305
Жыл бұрын
@@humphrey no worries, you're doing great and I love all your videos.
@baum9048
Жыл бұрын
Me who is going to earn 30k € yearly if i stick with my aprenticeship: 🥲
@lizardmilk
Жыл бұрын
No surprise the lowest income threshold to be in the top 1% is in southern states. The bar is very low there.
@GreenBlueWalkthrough
Жыл бұрын
12:43 I've found that to be true for gaining expernce and mastery as while I don't follow that methiod exactly I do enough stuff regulay to have gotten really good at them... So to add you don't have to do just one thing but instead do something at that pace.
@DV-lh2ov
Жыл бұрын
Freely switching between household incomes and individual incomes without mention...confusing..
@davidnewton9857
Жыл бұрын
This is household income .. Not individual income. That's why the numbers are high.
@joemurphy4517
11 ай бұрын
$250,000 annually is a reasonable goal for business owners. That dollar is not necessarily what it reflected as income with the IRS. That dollar is reflected on the wealth being accumulated. Knowing financial statements and accounting is critical to managing money beyond just making it.
@henryscott4811
Жыл бұрын
how about the effect on income for top 1% or .01% broken down by education. As someone who is 25 already doing well and not content I spend time thinking about what differentiates or what I must do to go even further (divorce time working being a ratio of money earned and scaling income based on value of work/something entreprenurial)
@humphrey
Жыл бұрын
hmmm, Id have to look into that. You have a very good problem to have.
@michaelswami
Жыл бұрын
You’ve clearly never experienced the rich culture of Oklahoma City. They even have electricity and indoor plumbing. Perhaps you should visit before opining.
@tejindersingh4154
Жыл бұрын
Can you give the top 10, 5 and 1 percent numbers disregarding age
@maxchang5581
Жыл бұрын
Hey random question but are you Hmong?!
@JairoCarbajal999
Жыл бұрын
Hey Humphrey I dropped a like on the vid and i saw a ufo not too long after 💪🏽😂 thanks man!
@SE_the_ViewLOG
10 ай бұрын
Your health is your wealth! Without your health, you have no peace of mind, as a society, we should emphasize happiness/health/finding purpose vs the dollar sign
@filgaia1
Жыл бұрын
Feeling very disillusioned by the comment that renting out my time isn't the way to being rich. I am in the top 1% for my age range but looking at those numbers I will never ever be able to hit making $800k a year and will quickly fall into the top 5% because my professional degree (psychology) is extremely underpaid and I am paid specifically for my face-to-face time with clients. Sad and frustrated.
@humphrey
Жыл бұрын
this is household income so they may have a spouse for another income
@filgaia1
Жыл бұрын
Oh, thank you for the clarification. That said I can't even get a date these days with how ridiculous dating apps have become with the extremely high standards. I am likely going to be alone forever. @@humphrey
@grecojones
Жыл бұрын
People sleep on sales. Particularly in software
@cathysheahan7036
Жыл бұрын
Nice T-shirt
@mikeatback
4 ай бұрын
Okay it looks like i need to figure out how to go to the top five percent of my age bracket. I think i will grow two money trees instead of one.
@Scrappygymrat
Жыл бұрын
What happens when you take out professional sports players? I’m sure their 100m contracts are skewing these numbers massively
@willmallory9085
Жыл бұрын
Excellent video Brother
@humphrey
Жыл бұрын
Thanks for watching
@RealGrandFail
Жыл бұрын
Healthcare is free in some of these countries with less, I will leave it at that.
@WilliamB.-ij6gl
3 ай бұрын
great information but it seems you're flipping between individual income and household income. As you know, the IRS definition of "household" is all earners under one roof that over 15 years old and there is a dependent relationship. Based on that definition, a household can easily be 4+ earners but even if it's just 2 earners (spouses) then that will obviously skew the income earned especially when compared to individual income.
@309gti8
Жыл бұрын
I have an associates degree and I’m on track to make at least $125k this year at age 28. I’m curious to see how associates degrees and trade schools rank in the mix. It’s been a goal of mine for many years to make over 100k/yr, and this will be my first year over 100k!
@polivios13
Жыл бұрын
This is net or gross income?
@felipealviso8564
Жыл бұрын
It feels like you keep comparing 2 different things. Household income vs individual income.
@LatinoAaron
Жыл бұрын
As someone from the UK who is 38 and on £65,000 GBP per year which a very good salary here, the mind boggles!
@Maurice181
Жыл бұрын
On your first slide... I'm pretty sure those are "household" incomes, not individual incomes.
@humphrey
Жыл бұрын
Yes!
@GreenWaifu
Жыл бұрын
It's high time we confront these disparities head-on. Let's hope this video sparks some real change in wealth distribution conversations.
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