AVERAGE SAVINGS BY AGE | Rule of Thumb

You will learn what your average savings by age should be after watching this video. This is an incredibly EASY rule of thumb to follow if you’re wondering “How much savings should I have?” at any age during your lifetime. However, seeing this on "paper" versus actually doing it are two very different things. OVERVIEW - When it comes to savings, Americans are falling short. Nearly 70% of adults have less than $1,000 in their savings accounts. - Retirement funds stats are SHOCKING. About half of US families have zero dollars retirement savings! - People like to think that they’ll save more when they make more. Studies have shown time and time AGAIN, that the more you make, the more you spend! - The sooner you start saving the better because of Compound interest. AVERAGE SAVINGS BY AGE - GUIDELINE - In your 20s you should aim to save 25% of your overall gross pay - Age 30 you should have your annual salary saved - Age 35 = 2x your annual pay in savings - Age 40 = 3x your annual pay in savings - Age 45 = 4x your annual pay in savings - Age 50 = 5x your annual pay in savings - Age 55 = 6x your annual pay in savings - Age 60 = 7x your annual pay in savings - Age 65 = 8x-10x your annual pay in savings JOIN THE WBF NEWSLETTER! ? https://bit.ly/WBFnewsletter -------------- GET 2.10% INTEREST WITH THIS SAVINGS ACCOUNT ? https://bit.ly/citbanksavings -------------- FUNDRISE - Invest in Real Estate with just $500 ? https://bit.ly/FundriseWBF -------------- SCHEDULE A COACHING CALL WITH MARKO ? https://bit.ly/MarkoCoaching -------------- BETTERMENT - Start Investing Today! ? https://bit.ly/BettermentWBF -------------- FOLLOW ME ON INSTAGRAM ? https://www.instagram.com/whiteboardfinance -------------- Instrumental Produced By Chuki: http://www.youtube.com/user/CHUKImusic ABOUT ME ? My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur. This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience. Subscribe if you are interested in: #Investing #PersonalFinance #Entrepreneurship #StockMarket DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.