Stop Using The 15% Investing Rule

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In this video I'll go through what the 15% rule of investing is and the biggest problem with it. After that I'll show you how much to invest instead.
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The 15% rule of investing is a guideline that suggests individuals should aim to invest at least 15% of their gross income toward retirement or other long-term financial goals. This rule is often recommended by financial advisors as a starting point for those looking to build a robust investment portfolio. Here's a breakdown of the key points:
Consistency: Regularly investing 15% of your income helps build discipline and ensures a steady growth of your investment portfolio over time.
Long-Term Growth: By consistently investing a portion of your income, you benefit from compounding returns, which can significantly increase your wealth over the long term.
Adjustments: Depending on your financial goals, risk tolerance, and life circumstances, the percentage can be adjusted. For example, if you start investing later in life, you might need to increase this percentage.
Retirement Planning: The 15% rule is particularly useful for retirement planning, ensuring that you have a substantial nest egg by the time you retire.
Budgeting: Allocating 15% of your income to investments requires careful budgeting and spending discipline, helping you manage your finances more effectively.
Overall, the 15% rule is a simple yet effective strategy to ensure you are on track to meet your financial goals, especially for retirement.
The problem is that the 15% rule only works if you're 25 years old. If you're older than that then adjustments will need to be made.
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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money.