Economic Risk Factor Update: April 2024 [SlideShare]
Savings Wishes In 20s, 30s, And 40s
1. Survey:
What do you wish youʼd
saved for in your 20s,
30s, and 40s?
Ramit Sethi, iwillteachyoutoberich.com
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
2. In 60 seconds
you’re going to look
at your future self --
and see the money
mistakes you’re about
to make
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
3. Question #1:
What do you wish
you’d saved for?
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
4. Key insight:
People in their
20s wish they’d
saved money to
travel
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
Survey responses: 1,545
5. Key insight:
People in their
30s wish they’d
saved for a
house
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
Survey responses: 684
6. Key insight:
People in their
40s wish
they’d saved
for retirement
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
Survey responses: 161
7. Question #2:
How much do you
FEEL you should
have saved by now?
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
8. Key insight:
People in their
20s wish they’d
saved $10,000 -
$25,000
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
9. Key insight:
People in their
30s wish they’d
saved more
than people in
their 20s
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
10. Key insight:
People in their
40s wish they’d
saved more
than people in
their 30s
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
11. Question #3:
Who do you wish
you’d saved for?
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
12. Key insight:
People in their
20s wish
they’d saved
for themselves
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
13. Key insight:
People in their
30s wish
they’d saved
for
themselves...
but twice as
many wish
they’d saved
for their
spouse/partner
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
14. Key insight:
People in their
40s wish
they’d saved
for
themselves...
but now the #2
wish is saving
for kids
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
16. 20s 30s 40s
Your #1 wish is to House down
Travel Retirement
have money for... payment
You wish you’d • $50,000 - $100,000
$10,000 - $25,000 $50,000 - $100,000 • $201,000 - $500,000
saved...
You’re saving for... Ourselves (83%) • Yourselves (63%) • Yourselves (55%)
• Your partner (21%) • Kids (24%)
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
17. Key takeaways
• You’re going to spend a lot in the
next 30 years
• You will deny it until you become
that age like everybody else
• If you start planning now, you can
dominate others
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
18. Use the 10 Year
Savings Plan
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com
20. 1. Get off your ass
2. Get I Will Teach
You To Be Rich
(New York Times
bestseller)
3. Dominate
Get the book at
Amazon.com
http://www.iwillteachyoutoberich.com ramit@iwillteachyoutoberich.com