Humphrey

Financial Advice for anyone in their 20s

- Avoid car loans
- Start Building Credit
- Always take Employer 401K Match
- Avoid anything High-Interest
- Be open to Job Hopping
- Spend Less than you Earn
- Always know your Net Worth
- Start making your money compound

Anything else?

3 Reasons People Stay Poor:

👀 Paying for Status
- Buying Clothes & Cars to flex

😵‍💫 Unconscious Spending
- Use the 60/30/10 Rule for Saving
- 60% to Needs, 30% Wants, 10% Saved

💵 Being Cheap
- Sometimes its better to spend
- 1 Quality Purchase > 12 Cheap ones that don’t last

How much should you have in Savings:

- 3 to 6 Months of your living expenses
- Put it in a High Yield Savings Account

If that’s too high, then aim for at least $1,000 saved

Why? Well Most Americans can’t afford a $1,000 emergency expense

So that’s a great starting point

The #1 Wealth Killer isn’t your daily coffee

It’s your Car Payment.. 🚗

Many Americans are currently spending $1,000+ a month on their Cars

And it’s mainly for ‘Status’

But when you’re young, try keeping your Car Payments less than 15% of your Gross Monthly Paycheck

I don’t like how society is setting the youth up for failure

Young adults think they need to:

🚗 Buy a Car they can’t afford
🏠 Buy a Home they can’t afford
💍 Have a Wedding they can’t afford
👨🏼‍🎓 Take loans for college they struggle to pay

This pressure shouldn’t be there

Memecoins are all people are talking about right now

Turning $100 to $1000 in a trade seems amazing

But you don’t see how many are losing their money too

Here’s what you should actually focus on:

- Companies you use
- Index Funds
- Real Estate
- ETFs

Don’t get distracted

🏠 Home Buyer Statistics (2024)

The Average:
- Homebuyer is 56 (used to be 49)
- Repeat buyer is 61 (used to be 58)
- First-Time buyer is 38 (used to be 35)

..I’m sure everything is fine

The BEST time to Invest is your Payday

1. Direct Deposit Hits
2. Money withdrawn automatically
3. Setup a recurring investment like $VOO
4. Spend the rest on bills

This way your expenses are covered

And you didn’t have time to get emotionally attached to the money you invest

Happy Thanksgiving! May your stocks stay up, your taxes stay low, and your portfolio stay diversified 😂

‘I don’t know how to invest in Stocks’

That’s fine, just start with these ETFs:

• VOO: S&P 500
• QQQ: More Aggressive
• SCHD: Good Dividends

Split your paychecks into just ONE of these.

Consistently. Even if it’s a small amount.

and you’ll be set.

There’s an ETF for every type of Investor

Aggressive Investor? $QQQ or $VUG

Want to be Diversified? $VOO or $VTI

Enjoy Dividends? $SCHD is my favorite

Investing doesn’t need to be complicated

Well… checking back in. Wish I bought more.

Thank you for your service as tribute

How are people even finding me to follow in the first place

Cool cool cool

Nice bro

fyi this is a meme/joke I wrote

[first date]

Me: Your profile said you're good at finishing sentences?

Her: Yeah totally

Me: Same! I just finished a 20-year sentence for manslaughter

Crème brûlée from 1054 feet in Chicago

Bluesky day 2. Is this place dead?

First Bluesky Post 4/26/2023 let’s go

Bitcoin price: $28,180
Eth price: $1847
SP500: 4055
NASDAQ: 11854
Apple: $163.76