Every Time You Get Paid, Do This!

@theburnouts

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The Burnouts Podcastseen in 12 videos →https://youtube.com/@theburnoutspodcast?si=EXldr9wxW1wM4ai6 ↗

Why it worked

The video provides practical, actionable financial advice tailored to a younger demographic, using a simple rule of thumb and clear explanations. The use of on-screen text and a conversational tone makes the information easily digestible and relatable.

Summary

This video offers financial advice for Gen Z on how to manage their paychecks. It suggests automatically allocating 90% of income to checking and 10% to savings, and uses a "rule of thumb" based on age to determine the percentage of a portfolio that should be in fixed income assets versus stocks.

Structure

1Introduction to paycheck allocation
2Setting up automatic transfers
3The "rule of thumb" for age-based investing
4Explaining fixed income vs. stock market allocation
5Splitting bank accounts for different financial goals

Product placement

Original caption

Gen Z financial advice! #theburnouts #moneytips #savingshacks #financialliteracy #yourrichbff

More from @theburnouts

Their other posts in the index, biggest breakout first.

The video discusses financial advice and implicitly promotes the podcast "The Burnouts" as a source for this advice, as indicated by the on-screen text and the creator's bio link.

On-screen text

Every Time You Get Paid, Do This! full time the portal into, first day where to go. 90% of that money checking it normally to go, naturally 10% to savings. to think already doing it, happen paycheck. My finger to the wind thumb is you and you round the nearest five. you are 27. We round that to 30. ten. So 20. That is of your that should be in fixed income assets. So largely. you are 27 you want 20% of portfolio in bonds, the 80% to the stock market. are you are able your money equities, and that's allow you more risk, but also potential. And then up bank accounts of accounts for my my bank for fun This is my bank for money that I know my or to my debt at

Transcript

If you have a full time job, the portal into, where they made you sign into on the very first day where you're like, okay, this is where I want my paycheck to go. Set up 90% of that money to go into checking it normally to go, naturally 10% to go into savings. That way, you don't even think about already doing it, and it'll happen every single paycheck. My finger to the wind rule of thumb is you take your age and you round to the nearest five. So you are 27. We round that to 30. Then you subtract ten. So 20. That is the percentage of your portfolio that should be in fixed income assets, so bonds, largely. So if you are 27, you want 20% of your portfolio to be in bonds, the 80% to be in the stock market. As you are younger, you are able to have your money in equities, and that's allow you more risk, but also more potential, and then even splitting up bank accounts of, this is my bank accounts for my my bank for fun, this is my bank account for money that I know will eventually go to my investment account or to my debt at