{"id":309317,"date":"2025-10-16T23:56:21","date_gmt":"2025-10-16T23:56:21","guid":{"rendered":"https:\/\/www.europesays.com\/us\/309317\/"},"modified":"2025-10-16T23:56:21","modified_gmt":"2025-10-16T23:56:21","slug":"how-much-money-you-need-to-be-in-the-top-10-based-on-4-money-categories","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/309317\/","title":{"rendered":"How Much Money You Need To Be In the Top 10% Based on 4 Money Categories"},"content":{"rendered":"\n

Dreaming about the future can look a little different as an adult compared to when you were a child. For instance, you might picture yourself among the wealthiest individuals in the United States<\/a>. In a recent YouTube video<\/a>, money expert George Kamel looked at what it takes to be in the top 10% of Americans financially.<\/p>\n<\/p>\n

Read More: 6 Signs You\u2019re Actually Upper-Middle Class (Even If You Don\u2019t Feel Rich)<\/a><\/strong><\/p>\n

Find Out: I’m a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money<\/a><\/strong><\/p>\n

Here\u2019s a look at four money categories where you can see how you stack up.<\/a><\/p>\n

Let\u2019s be honest, income is typically the way many Americans judge how well someone is doing when it comes to their finances. After all, the amount of money<\/a> that\u2019s coming in can greatly affect many other areas of one\u2019s financial life.<\/p>\n

So, how much money is needed to be in the top 10% when it comes to income? You need to have a household income of at least $234,769, according to the experts at DQYDJ.<\/p>\n

Discover Next: If Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Have?<\/a><\/strong><\/p>\n

You might not need as much money as you think in emergency savings<\/a> to be among the top 10%. According to Kamel, you need $20,000 or more in emergency savings to meet this mark.<\/p>\n

If you\u2019re wondering why the number isn\u2019t much higher, just look at recent news stories about how little money many Americans have when it comes to emergency funds. According to U.S. News & World Report, 42% of Americans have no emergency funds.<\/p>\n

In this case, retirement savings is the money people have in their 401(k)s<\/a>, IRAs and any other retirement accounts. According to DQYDJ, to be in the top 10%, you need to have $460,000 in retirement savings. If you\u2019re not quite there, remember it takes time for compound growth to get you where you want to go.<\/p>\n

Kamel said this is the best way to measure a person\u2019s wealth. It looks at the entire financial picture. Net worth is what a person owns minus what they owe \u2014 in other words, it\u2019s assets minus liabilities. To be in the top 10%, your net worth <\/a>needs to be at least $1.92 million.<\/p>\n

Again, you may not be near that number at this moment, but Kamel said there are a few general guidelines to follow to keep your financial health<\/a> in check: avoid debt, live below your means and invest consistently.<\/p>\n

More From GOBankingRates<\/strong><\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: How Much Money You Need To Be In the Top 10% Based on 4 Money Categories<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Dreaming about the future can look a little different as an adult compared to when you were a…\n","protected":false},"author":3,"featured_media":309318,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[9331,64,23925,22773,255,696,67,132,68,156357],"class_list":{"0":"post-309317","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-americans","9":"tag-business","10":"tag-george-kamel","11":"tag-money-expert","12":"tag-personal-finance","13":"tag-retirement-savings","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us","17":"tag-youtube-video"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115386553842407292","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/309317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=309317"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/309317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/309318"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=309317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=309317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=309317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}