👾 Why Young People Are Poorer Than Ever | Humphrey Yang

February 28, 2024 | [Read Online]( [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Leveling%20Up&body=Why%20Young%20People%20Are%20Poorer%20Than%20Ever%20%7C%20Humphrey%20Yang%3A%20%0A%0Ahttps%3A%2F%2Fnewsletter.levelingup.com%2Fp%2Fyoung-people-poorer-ever-humphrey-yang) 👾 Leveling Up 👾 Hello, and welcome back to Leveling Up! Let’s kick things off by looking at Monday’s poll results: Q: How are you updating your content to do well on AI search engines? Winning answer: Mixing Old and New Tricks: Keeping up with usual SEO (like keywords) while also using AI to get new insights for better content Surprised by these results? Let me know your thoughts with a quick reply. I’m curious. - Eric Siu :) Want a FREE Custom Marketing Plan? Tell us a little bit about your company, and our marketing experts will put together a detailed plan to hit your growth goals—100% free. [Get My Free Marketing Plan]( New Interview Why Young People Are Poorer Than Ever | Humphrey Yang Humphrey Yang discusses the financial challenges faced by younger generations and offers insights on building wealth. [YouTube video by Leveling Up with Eric Siu]( Why Young People Are Poorer Than Ever | Humphrey Yang Wealth accumulation strategies and insights - 💰 Job hopping may result in much higher salary increases than the standard 10%, as seen from personal experience and not accounted for in studies. - 💼 Humphrey took a pay cut when he went back to working in video games, but quickly rose from making $36,000 a year to $140,000 in just a few years through promotions. - 🤑 Saving 20% of your paycheck is recommended for becoming a millionaire as quickly as possible. - 📈 Net worth explodes after reaching $100,000 due to the compounding effect, making it easier to accumulate wealth. - 💰 "It's hard to get wealthy renting out your time for a set salary. You have to find something that scales disproportionate to your time." - 🏠Living at home rent-free provided stability and privilege, allowing for the confidence to take on risks and start a business. Long-term mindset and patience in building wealth - 💡 Most of Warren Buffett's net worth came after his 80th birthday, emphasizing the importance of patience and long-term focus in building generational wealth. - 💼 Building a profitable business takes a minimum of three years, and all the gains are compounded, so the longer you stick with something, usually the better. - 📈 The breakout year for the YouTube channel was in 2023, showing that success doesn't always come quickly. - 💼 Starting a business is the best personal growth engine and forces you to take responsibility for yourself. [Click Here To Watch The Full Interview]( Need high-quality candidates? At Single Grain, we have a rigorous recruiting process to hire the best marketing candidates. If you'd be interested in having us source great candidates for you… [Please Fill Out This Form]( Which of these strategies for building wealth resonates MOST with you? [Job hopping for higher salary increases.]( [Taking a pay cut for a job you love, with the potential for rapid salary growth.]( [Saving 20% of your paycheck to build wealth.]( [Finding scalable income opportunities beyond a fixed salary.]( [Leveraging the stability of living at home to take risks and start a business.]( -Eric Siu P.S… We have a ton of free content to help your business grow: - Listen to our [Marketing School podcast]( for daily marketing news - Subscribe to[the Leveling Up Y]([ouTube channel]( for interviews with key marketers, entrepreneurs, and more - Apply to join our [private network](for 7-9-figure founders - Read the [Single Grain blog]( for actionable marketing tips - [Request a free custom marketing plan](if you’re interested in testing our done-for-you services! [fb]( [tw]( [ig]( [yt]( [tk]( [in]( Update your email preferences or unsubscribe [here]( © 2024 Leveling Up 228 Park Ave S, #29976, New York, New York 10003, United States [[beehiiv logo]Powered by beehiiv](