CNBC Television
@CNBCtelevision·3.4M subscribers·157.5K videos
Kevin O'Leary: How Much Money You Should Save By 33
Posted
August 27, 2019
Views
399,559
Likes
5,979
Comments
1,331
Engagement
1.83%
August 27, 2019
399,559
5,979
1,331
1.83%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Episode Timeline
Every episode in order around the one you’re watching — click any card and the page flips straight to it.
1:22Now PlayingKevin O'Leary explains just how much money you should have by the time you are 33 years old and why it's important. “By the time you hit 33 years old, you should have $100,000 saved somewhere. Make that your goal. Thirty-three [and] $100,000,” O’Leary tells CNBC Make It.
According to Kevin O'Leary, 33 is the point where you could fall behind if you haven't started saving. While $100,000 might sound "impossible" to many Americas, O'Leary believes it's possible to save this much if you start saving early enough.
For example, if you’re 22 and making a median salary of $48,400 (for new graduates), and you start saving 20% per paycheck, that amounts to $9,680 a year. Even if you keep the same salary and assume no interest, saving that amount for 11 years gets you $106,480 by the age of 33. By investing the same money, and assuming O’Leary’s 5% growth, that gives you $144,397 in the same amount of time. (The S&P 500 Index has averaged annual returns of approximately 10% since its inception in 1926.)
» Subscribe to CNBC Make It.
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates
Find CNBC Make It. on Facebook
Find CNBC Make It. on Twitter
Find CNBC Make It. on Instagram
#CNBC
#CNBCMakeIt
#KevinOLeary
Kevin O'Leary: Here's How Much Money You Should Save By 33
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
