Hearted Youtube comments on Humphrey Yang (@humphrey) channel.

  1. My ex wife used to drive me crazy with that... one car would be paid off, then she wanted to trade it in for a new one or constantly changing furniture and so on. I argued that that if something is in good condition, regular upkeep is happening, there's no need to do that and it's one less debt. We had different ideas on living well...my idea is to work on living debt free, not impressing the outside world. I'm almost there.
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  2. To me, the main wealth killer with automobiles is the expectation that people have about wanting a new one every 3-5 years. A car that you've owned, taken care of (TRULY taken care of... using fuel and oil additives, changing the oil at the recommended times, periodically cleaning the sensors, avoiding road salt, etc.) may have depreciated considerably after 6-7 years, but if you've taken care of the car it will continue to last you for years. I usually keep my cars for 10 years. And the last one I kept for 14 years. There are cars that I've bought for $14,000, years ago, that would cost about $30,000, now, to replace. People waste a lot of money trading in cars every few years. On a separate note, I think the whole art of 'maintaining things' has disappeared. Most items are only as good as how well you've maintained them - cars, houses, clothing, shoes. Not only do you save a lot of money maintaining things yourself, but there is also a lot of satisfaction and pride that comes with it. Don't waste your time on indulgent, instant gratification hobbies. Learn to fix and maintain things, like the prior generations did.
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  3. High school is a bunch of wasted time, they gotta have more financial stuff... Thank You 🙏
    1200
  4. I have 3 cars: a 1991, a 1992, and a 1997. I do my own work. I bought each for peanuts. Couldn't be happier. These cars (all Japanese) were designed to last forever, and are simple enough to fix at home.
    1000
  5. I'm 24 and got to 100k in my brokerage account! about 50k in a traditional IRA and about 20k saved in a traditional savings and checking account. I started investing right when I turned 18. Went to a Community College instead of a traditional 4 year college so the college pretty much paid me to take classes. I also applied to every single scholarship I could and worked 2 jobs. Hustling hard. Thank you for the video. There needs to be more financial transparency.
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  6. I am very young at 16 however I started a Roth IRA in July and have invested 1250 already, I’m exited to see how it will grow as I become older.
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  7. All TikToks make it seem like you just go outside and ask for passive income and you just start making tons of extra money lol
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  8. Such a valid video. Quick story: I was planning to purchase a gently used car in 2021. The car that I owned was 8 years old and just shy of 120k miles. Used car prices trade in values were through the roof and I had the finances to allow for a quality down payment and reasonable monthly payment. Then my engine died.........right as a factory recall happened!!! My engine was replaced for free. Fast forward 18 months later, I hardly have 12K miles on the new engine and I've invested or saved every penny of what my car payment would have been. I look at this as a blessing. I feel obligated to drive this car until the wheels fall off now 😅.
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  9. The cost of living was 50% Less in decades past. It is completely unaffordable to save anything beyond basic necessities.
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  10. I am 42 and my net worth is just at $20,000 in cash/investments. My house is paid off though and I’ve got no debt. I’ve been sober now almost 2 years and been so much better with my money and other aspects of my life. Drinking, the lawyers involved with that (I was a bad boy) and a divorce, and quite honestly just not understanding money all my life has left me with some catching up to do. I appreciate your videos and I make sure to send them to my two college aged boys so that they can do better than I have with the money! Thanks for all you do Humphrey!
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  11. Finally someone that explain dividend system so the average person like me to understand!!! BIG THANK YOU!!!
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  12. This dude just taught something that would take a highschool teacher days, in just 15 minutes and had all the information ever needed. Great vid man!
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  13. I share a car with my husband and our payment is $285 a month. We bought used before the car market went crazy and occasionally, I get the urge to trade it in for something newer and nicer but then I remember that would be 500-700 a month I can use to pay student loans, save for a house, etc. We all have to keep ourselves grounded and not worry about impressing others.
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  14. For me a car falls into the tool, toy or status symbol categories. Cars can increase in value over time but that really only applies to classics and collectables and not your average vehicle. If you look at it from a tool or toy perspective it becomes easier in my opinion. For a tool you want something that lasts and is reliable. You also want it to be comfortable to use but it doesn't need to be the best just has to get the job done without costing a fortune in maintenance. If you buy a toy, its because you already have the tool. The toy should be the best you can afford within the budget and used only occasionally for enjoyment because its use is inefficient compared to the tool. If you are buying a status symbol its because you have disposable income that you can throw away without impacting your financial well being.
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  15. if you get financial advice from tik toks, you don't deserve to hold a dollar LOL
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  16. Buying a really cheap used car can go a long way in your 20s
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  17. I subscribed within the first minute. Love your transparency and clear iteration of what your going to talk about.
    230
  18. YEEAAHHH BUDDY!! Cardano to the moon!! lol
    228
  19. Love your videos, Metaverse is definitely the future!
    210
  20. 10k was my 6 month emergency fund number. I remember hitting it last year following a bonus and made me feel like I had FU money for the first time 😂
    209
  21. Damn, maybe I can finally buy a house. Not a real one ofc. But I can be in my parents basement and walk around in my virtual one.
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  22. Sooo this is pretty much “ready player one”
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  23. "If you die in the metaverse, you die in real life" -Mark Zuckerberg. Also random note, I'm really bummed with the name Meta. Absolute wasted chance to call it the Zuck Zone, or Mark Park. Jokes aside, thanks a ton for the analysis. Absolutely love your stuff.
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  24. As soon as you gave that cow example, I thought, "I wonder if there is a stock/ETF with the ticker MOO." Sure enough, there is. MOO is an ETF that invests in agribusiness 😂
    194
  25. Great video! My numbers by age: Age 20 = 10k debt (college) Age 25 = zero net worth (college debt, but some savings) Age 30 = 10k saved (no college debt, little saved from low graduate student salary) Age 35 = 20k saved (postdoc salary wasn't much either) Age 39 (now) = 110K saved + 12.5% of my current salary as a pension Savings will take a hit when I buy a house...
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  26. So I don’t mind putting my financials out there. I’m currently 31. Before this year, I really never invested, put into retirement or did anything really financially smart. As of today, mine and my wife’s cars are paid off. No debt other than our house. I have $7k in retirement and $4k in my dividend portfolio. I may not be among the top of my age bracket but happy with how far I’ve come in just 10 months!
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  27. I bought a foreclosed home at 23 for $35k outside of Cleveland. I put roughly $15k into it fixing it up over 7 years of living there. I paid it off and sold it for $124,900. Put down 39.5% on my forever home. Don’t think I’ll ever get that lucky again.
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  28. This is why remote working is so important and valuable. Daily commute to work just eats away money for most people.
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  29. This is the most random list 😂
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  30. Even when i was young and paid cash for my car that was like 9 years old at the time, I've always been confused as to how people i knew could afford the cars they were driving.
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  31. I realized this back in my 20s! By using mass transit and just renting a car when I needed it, I was able to pay off my student loans, have a (modest!) Roth IRA, and buy a house and be able to travel. But because so much of our country (USA) is geared towards cars, it's really hard for many people to NOT have a car- it's needed for work or even just doing basic errands in life!
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  32. Retirement arrives sooner than expected for many people: health reasons, layoffs, family obligations, etc. Great advice to be consistent over long period of time.
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  33. I get discouraged a lot when I see people my age that were handed a silver platter. Your videos help me remember that I am on the right track, but things just take time, patience, and learning.
    129
  34. Index Funds are secrets to quietly building wealth over time!
    128
  35. I’ve been driving junk cars that I buy at state auctions my whole life. I pay a maximum of 1-2k for the car and enjoy it for a few years. When it’s time to sell it I usually get my money back. You have to learn to do your own repairs so this isn’t for the faint of heart.
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  36. thank you for showing ADA some love! i’ve been holding since .15
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  37. I was confused with these funds before but it’s SO much clearer now. Thank you for the straightforward explanation! I love your channel and I will share w my family and friends 😊
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  38. Humphrey - “So you clicked this video” Me - “How did he know?”
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  39. Binge watching your videos man and I have learned more from you than I did in finance classes
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  40. I have my Roth IRA through Charles Schwab and I'm very happy with them!
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  41. Jung sent me 🧐
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  42. One thing you didn’t really mention is the possibility of going car-free or being a one car family. I was car-free most of my adult life and now we are a one car family. I have saved tens of thousands that way.
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  43. This dude is literally the definition of financial literacy he's not just giving you stock picks like other YouTubers he actually teaches you how to read the market and such. Good luck to everyone watching this, May your investment yield you outstanding profits.
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  44. I just had another thought. Crypto and Blockchain are going to be very closely attached to the metaverse. I would highly consider ETH and MANA (decentraland) as metaverse plays.
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  45. Age 28, and net worth currently at 61K. I’m in the Army, so luckily they paid for my education and I occurred zero student loan debt. My current goal is to hit 100K by age 30, I’ve done the math and I should be around the low to mid 90s by the time I get there. But overall big picture, I’m still way ahead of most my peers. Great video ! 👏🏼
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  46. What's the best way to make money from Cardano, I'm new to crypto.
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  47. This video came exactly when I've been debating getting rid of my car. I don't need a car for a daily commute to work. It really is staggering the monthly cost of even an older vehicle without a loan. With the prevalence of community car services it also seems pretty easy to take care of all of my errands in a month for less than $100. Living in a more urban area with higher rent can be totally worth it when factoring in saving an average of $900 a month on getting rid of a car and losing the headache of repairs, haggling with insurance people, and having to set aside useless cash piles in savings accounts for future bills and car purchases. Plus urban areas have better transit to lean on in the colder months and better cycling paths to lean on in the warmer months. I really do think if you don't need it for a commute there are plenty of alternatives and community car services that can really replace the need to own (in a city).
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  48. The "repairs and maintenance" part is so true. I replaced an alternator, starter, and intake gasket already this week, saving well over $1,000 in labor on my wife's car. YouTube repair videos are much more helpful than the Haynes repair manuals we used to buy at the parts store.
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  49. My husband and I are both in our mid-20s, and between us, or with both of us, we've done all of these things. Makes me feel like we're on a much better path for our future!
    94
  50. Awesome list! I'd also add that the $0 Annual fee Chase cards are amazing as well, especially the Flex with the 5x on rotating categories and the 3x on dining/drugstore. Also starts the Chase trifecta (CSP/CSR?) for the future to make those points even more valuable!
    92