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Why Young People Are Poorer Than Ever | Humphrey Yang

Why Young People Are Poorer Than Ever | Humphrey Yang

FromLeveling Up with Eric Siu


Why Young People Are Poorer Than Ever | Humphrey Yang

FromLeveling Up with Eric Siu

ratings:
Length:
98 minutes
Released:
Feb 28, 2024
Format:
Podcast episode

Description

Humphrey Yang discusses the financial challenges faced by younger generations and offers insights on building wealth. He highlights the significance of saving and investing, recommending a focus on index funds. He explains the compounding effect of wealth and the benefits of reaching $100K net worth. 

Watch the full interview here: https://youtu.be/V4iPHetTgaI

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TIME-STAMPED SHOW NOTES: 


(00:00) Introduction to Humphrey Yang


(03:04) Opportunities for making more money


(04:56) The benefits of job hopping


(06:47) Personal experiences with job changes


(09:36) Building wealth through saving and investing


(13:16) How to become rich


(19:19) Strategies to reach $100K net worth


(21:13) The importance of owning assets


(23:40) Asset allocation and real estate


(25:30) Diversification and portfolio concentration


(28:18) The role of financial advisors


(30:37) The number one wealth killer: new cars


(31:59) Money-saving hacks


(34:21) The influence of mindset on money


(35:44) Taking risks and privilege


(37:39) The benefits of living at home


(38:38) The power of saving and investing


(39:35) Evaluating the macro economy


(41:25) The challenges of the middle class


(43:12) The influence of gaming on life and business


(45:32) The role of YouTube in financial education


(49:45) The breakout of the YouTube channel


(57:27) The challenges of YouTube and momentum


(1:00:07) The business expansion and diversification


(1:04:06) Growing a newsletter


(1:05:01) Monetizing YouTube


(1:05:57) Crypto experiences


(1:08:15) Blind spots and risks


(1:10:24) Personal finance YouTube community


(1:11:47) Starting a business with minimal risk


(1:13:10) Podcasting and content distribution


(1:16:40) Charging for brand deals


(1:17:37) Controversial takes on personal finance






What should I talk about next? Who should I interview? Please let me know on Twitter or in the comments below.

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Released:
Feb 28, 2024
Format:
Podcast episode

Titles in the series (100)

Leveling Up is a weekly interview series with entrepreneurs and marketers on the latest in business and marketing. Learn actionable strategies & tactics on how you can make your business grow and mistakes to avoid during your journey. Learn from individuals who have founded billion dollar companies to best-selling authors. Entrepreneur and host Eric Siu also shares insights and learnings along the way.