The wealthiest 10% of U.S. households own roughly 90% of all U.S. stock market wealth.
This is why investing any amount is better than nothing.
The government isn’t coming to save you.
DM “Wealth” to learn more.
What you need invested for the below incomes:
$40K ➡️ $1 million
$80K ➡️ $2 million
$120K ➡️ $3 million
$150K ➡️ $3.75 million
$200K ➡️ $5 million
$300K ➡️ $7.5 million
$500K ➡️ $12.5 million
Or
Invest in real estate 🤷♂️
I was 19 when I started a Roth IRA.
Invested money from my summer job.
Was never able to max it out.
Graduated college at 22.
Did whatever I could to max it out.
Trust me.
It pays off.
When you’re young time is on your side.
Just start. You won’t get that decade back
People don’t walk around with their net worth printed on their shirt.
You see:
-Big house
-Fancy car
-Lavish vacations
-Private school
Wealth is what you don’t see.
Wealth is what keep and don’t spend.
You’ve heard:
“Get a degree, you’ll be fine.”
A degree has value on average, but the guarantee is gone.
Rising tuition costs, student debt, automation…
Experience matters more than before.
Your 20s are about getting experience.
Develop a skill that is valuable.
@MarketPalmer_ No one is thinking about you as much as you are. I never make comments on how people spend their money. It’s their money! They have to live with the choices they make
Get 1X your salary invested by age 30,
Ex:
401(k), 403(b), or similar workplace retirement plans
Traditional or Roth IRA accounts
Taxable investment accounts
Other long-term investments intended for retirement
This is your foundation.
By 2030, you’ll have:
➡️ 6-12 month emergency fund
➡️ $0 car debt
➡️ Six figure investment portfolio
➡️ $0 consumer debt
➡️ House down payment account
Set goals and claim it.
Chapter 11 bankruptcy filings in the U.S. were up 42% in April.
Credit card delinquencies are at Great Recession levels.
Auto repossessions are the highest since 2009.
Gas is $4.56 a gallon.