[00:01] money, you're already ahead of 80% of people. Number one is that you can cover expense because right now in America, there is a savings shortage and it's reported that 59% of Americans can't even cover at least the thousand dollar
[00:15] about it, a thousand dollar expense is pretty common like if you take your pet maintenance, that could pretty much be the entire thousand dollars. So, make emergencies, especially shooting for
[00:29] monthly expenses saved up is ideal. Number two, you don't carry a credit card balance month to month because the average American has $22,713 in personal debt excluding mortgages. So, if you don't have any high interest
[00:44] rate debt, you are ahead of a lot of people. Number three, if you contribute that is a really good sign because the match is basically free money from your employer, but most people don't enroll or leave part of that match on the
[00:57] table. Number four is that you're saving close to 15% of your gross income. So, this can include your 401k contribution. And if you're able to hit that savings retirement. Now, if you want to retire even earlier, I would shoot for 20% or
[01:10] 25%. Let me know in the comments what else I can answer for you and make sure you're following for more finance content.