9 Financial Goals To Achieve Before 40

Should I watch this if I turn 40 in 19 days? Yes? ok.

I was very busy before 40 and still am now. This gave me a reason to look at the last 20 years and I guess I accomplished more than I realized. My top 9 below.

1) Bought my home at 25
2) Paid off all debts
3) Invested in the stock market
4) Maxed out 401K
5) 15K emergency Fund
6) Worked 24-48 hours of overtime a week to save more
7) invested in dividend stocks and now get 50K a year in dividends.
8) Paid off home
9) Buy more real estate

Love the content, simplicity and genuineness of this channel. Keep it up buddy.

These are all great gems of knowledge you dropped💎 💎

That perspective on “ Debt " is THE best I've ever read or heard ...👌

i disagree with a credit score of 800 . .. dont buy for anything with credit and you dont have to worry about it

these vids are really awesome, Im saturating my brain

After 40 and each decade after, the mortality increases. I'm 48 myself and understood in my prime years itself to distinguish between needs and wants and plan accordingly.

How to give one’s self insecurity. 😂

Just to clarify, when you say average life expectancy, do you mean US average life expectancy? US men are around 76 and women are 80. Most men will not live to 80 in the USA

In 1 yr i am 40. I am nowhere close. But remember 1 good year will turn tables quick.

I don't have a family 😣

Good video, thank you, Tae.

Nice 👍

I will be 40 on March 2024! Omg! 😢 I lost everything in my divorce hearing judgement. Kids, home, money, assets. Got robbed.

❤

I have never heard of the 5 times expenses in investments thing. I think we might get half way there by the time I'm 40 but maybe a little higher. A big focus right now for us is to pay off our house early which I think could be done around when I'm 45. We are one in come right now though so we cant make as much headway on it. I feel very responsible now but in some ways I wasted some time in my 20s.

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

learn it earn it

Bump this to 5o and we got a deal lol

Talking to parents and family is great. But if you have the misfortune of having toxic parents with passive aggressive attitude to everything… it becomes almost impossible. I guess we all just have to do the best we can. I sincerely hope we can form better families and raise kids with open communication so they do not fear to have open communication with their own parents. We all must strive to do better than the prior generations.

Can someone shoot a video on financial goals for immigrants?? Lol, I'm a listening to these 40 goals and thinking, how many of us will make it? Especially when you start building your score with zero credit history in the country from 26-30 yo?

Enjoyed the video, 37 and on a good track per the goals.

Finally a good and realistic video. I'm 33 years now so some things will be harder but not impossible 🙌🏼

I love how this video for financial goals has "401K" views 😂

My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore. Are there really no other options for me to gain from the stock market?

You make very good videos. wise. accurate. and to the point.

What if you're over 40? Can you make a video for people who are late to the game and are catching up. What are some strategies for catching up quickly? Thank you!

Life is tough, money is tough. These are nice ideals, but unless you are minted, it will take time. Having kids, the years out of work whilst wife looks after baby, insane childcare costs for 2-3 years after. Debt free, close, but the buffer and investments are way off. But its on the list.
What wasnt menttioned on here is, youve hit 40, dont forget to enjoy life, if you wait another 25 years it may be more difficult.... and you cant do it all, and have a buffer and invest.

If only my parents were reasonable 😭

Making liquor, beer, wine…
Out exploring collecting gold from mine claims
Spending time with my nieces and nephews
Riding motorcycles everywhere
Camping in the deep wilderness

I've been diligently working, saving, and investing toward financial independence and early retirement, but the economy since the pandemic has eaten up the majority of my $3 million portfolio. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

#6 comment - I’d be careful sticking to one career path just because you have experience and it makes the most money sense. If you hate the nature of your work, it’s better to shift course in my opinion.

What’s the real value of a high credit score if you are heading for debt free?

Thank you. Good advice.

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

Your vibe is incredible. Really down to earth. 🤓

Don’t get married don’t have kids…..you’ll have a boat load more money! 😁🤪😄🤪🥲😆🤪

Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?

26 years old. Just bought a 3 bedroom condominium for $375,000 last October, but the interest rate is horrible at 5.75% and the condo owners association monthly fee is also horrible around $400/mo. Im investing 10% to Roth 401K and maxing out HSA.

Am I doing this right? Lol

The half laugh at the beginning of each sentence is so annoying.

All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.

Nobody can suddenly become prosperous financially. Although they did the background work, we mostly see the ultimate product. Fear is a harmful factor that prevents us from making the courageous decisions we need to make in order to achieve our goals. You have to deal with things like inflation, the recession, Fed policies, and more. In just a few months, I was able to add $589k to my portfolio. You must look for assistance in the appropriate places

I liked your video; the tips are pretty well compiled and make more sense than a lot of financial advice videos. Here’s two pieces of food for thought. First, for many of us who went to grad school, paying all student loans off by 40 is a stretch. Second, I would argue figuring out mental health by 40 is also important- lots of questionable spending habits are in part linked to poor mental health management I think.

Excellent video, thank you!!!

Cash is useless. Assets are worth it

Good content! Anybody watching this and thinking some of these goals are impossible, you'll be surprised with a power of writing down your goals. Try it out, and watch the universe turn the tide for you. Certainly worked for me! Cheers!

watching with 6 months to 40

I am 41 years old, with a house worth $350k paid off. My vehicles are paid off, too. I have a 100k emergency fund that matches my yearly income. I barely have 20k invested in etfs and barely started my roth ira account... I am behind, I know!