The idea behind it was simple.

It would be a social media app that with a small twist, it would allow its users to post photos and videos that disappeared from the site after a few moments, it wasn't clear how anyone would find that valuable, but school kids quickly found a use for it as they could post the dirty things they do in school, since it would disappear anyway.

The next day the app went viral.

The company grew way faster than the founders expected In less than four years.

The company's valuation crossed a few billion dollars, turning its founders, Evan Spiegel and Bobby Murphy into billionaires at just 25 years old, Evan Spiegel became a billionaire.

He's not alone in that category of People.

Mark Zuckerberg, Bill Gates and others like them have a messed massive fortunes at such an early age.

Since then Snapchat started award with Facebook and surprisingly did not lose.

So the company's stock price grew dramatically raising spindles network to $15 billion Facebook's massive size, it has also doubled its stock price since then.

Hence the true beneficiaries of this war we're investors who invested in both Snapchat and facebook.

But the problem is that around half of americans don't own a single stock, which means around half of americans are missing the opportunity to benefit from the stock market's rise.

Of course, there are other investing tools out there from bones to real estate.

But bone rates are so low that you will end up losing money in the long run since inflation would wipe out any potential gains you will make.

On the other hand, with real estate comes a lot of responsibilities and risks and it often takes a lot of time for anyone to get into real estate since it requires a lot of capital, which makes the stock market even more appealing.

But what most people don't understand is that Your investing strategy should highly depend on.

How old are you?

A 14 year old should not invest like a 20 year old.

So let's try to find out how much you should invest by every age.

So give this video a thumbs up and let's dive in.

In order to find out how much you should invest.

First you have to find out your network, calculating your network isn't really difficult.

It's much easier than you might think.

Take a piece of paper, draw a line in the middle of it on one side, you have to adapt the total value of your assets.

This includes the current market value of your investment accounts.

If you have one of course retirement savings homes, cars, trucks, valuable things like jewelry and the cash value of your checking and savings account.

On the other hand, write down your liabilities.

This include your mortgage, car loans, student loans, personal loans, credit card debt, 300 bucks you owe to your body and any other form of debt you might own and now finally subtracting liabilities from your assets.

The total cost is considered your personal network.

Your total could result in positive network or negative.

If you're in a negative network category, don't be afraid.

It's all right.

It's typical for people who are early in their careers to have a lower negative network if they have student loans or our new home owners or just starting to save for their future.

If you're in your twenties and have zero in savings congrats, you're not doing bad.

I'm not kidding.

It's fine not to have any savings at this point in your life.

Let's face it.

If you're in college and have student, that's your part time job would hardly cover your bills, leave alone paying your debts.

So Don't worry.

Most 20 year olds have a negative network In your 20's.

Your job should be getting rid of unnecessary debt and sorting out your finances.

I'm not talking about mortgage if you have one, but rather credit card debts card debts or a student loan because over time these debts will compound and each year the amount is going to grow bigger and bigger.

If you're going to leave it, you might just never get financially free.

So only interest on your debt will be so high that you won't be able to cover it.

Don't invest any money if you have such debts, But the moment you get rid of these debts, your first priority should be to invest as much as you can.

This is the only period in your life where you can live frugally because later in your life you will have financial responsibilities that you cannot avoid.

As we have mentioned before, your debts can compound.

So does your investments.

So the dollar that you invest in your twenties is worth far more than the dollar you invest in your 30s.

So invest the vast majority of your income at this period of your life.

When you approach your thirties and you want to be doing at least good enough, you should have at least saved six months of your income as an emergency fund.

If we take the average household income then that's almost $31,000.

But if you want to be doing better than your average boy then you should have at least a year of your income saved in your account, emergencies happen.

Sometimes they even lead to bankruptcies.

Hundreds of thousands of people filed for bankruptcy due to unexpected bills.

So be careful when it comes to your network.

According to the Fed.

The average network for families in the U.

S.

Under the age of 35 as of 2016 was $76,000.

But this number isn't accurate because a small percentage of wealthy Americans skewed it, that's why the median is much lower at an $11,100.

That's not hard to achieve.

The reason that this number is so low is that even though average adults have assets like a house in the car, their student loans and the mortgage would overshadow them.

So don't worry as you begin to cover your student loan and your mortgage, your network will quickly build up At this age, it's usually difficult to save money because people often have families, sometimes kids.

So people usually live paycheck to paycheck at this point, if you can even save 10-20% of your income to invest, then you will be doing great as you start hitting the 40s, Ideally you should have saved at least three times your income.

If you're earning $100,000, then your number is $300,000.

But that's unrealistic for most people.

In fact, according to the Fed, the median income of 40 year old is a little below $60,000.

Usually, people have families and lots of bills to cover at this stage of their lives.

Taking care of a child.

Family isn't easy, especially when your Children begin to grow.

If you have started investing back in your twenties, you will have at least something to fall on at this age.

But if you didn't, then you're naked, probably want to be able to reap the rewards of compound interest since compound interest works with time.

So this is the time where it's better to focus more on individual stocks and not an index funds.

But make sure you don't touch your emergency fund.

Since the stock market is unpredictable.

You only win in the long run.

Do not invest any money you might need in the next year or two Invest only which you can afford to lose.

As you approach your 50s, your network should be significantly higher because you're also getting closer to retirement age and if you want to have a good retirement, you have to prepare for it.

The median network of 50 year olds is $124,000.

But keep in mind that it's the median, The average is $727,000, which is much much higher and your savings should be five times your annual income.

It might seem unrealistic to reach these numbers, but to be honest, even saving a small portion of your income over 30 years is enough.

And if you started investing early on it is easily going to adopt u to the power of compounding.

Keep in mind that you don't necessarily have to follow these numbers.

You can work a little harder and retire in your 30s, possibilities are beyond what you might imagine.

Some people start taking care of their money in their twenties, others in their forties, so do not directly compare yourself to anyone.

Sometimes circumstances do not allow you to save in your early years.

So take a look at your circumstances and plan it accordingly and now it's your turn.

How old are you and how much you have invested?

Let me know in the comments below.

Don't forget to get your two free stocks from Weibo if you use the link in the description or check out my special course and skills here that will teach you how to invest in the stock market like those rich people do.

And most importantly, give this video a thumbs up if you want to help us and subscribe if you're new around here.

Thanks for watching and until next time.

Mm hmm.

Mhm.

Mhm.

Yeah.