What if I told you that you're already doing better with money than you think you are?

So when you're hyper-focused on your financial goals, it's really easy to feel like, oh my gosh,

I just have to go to this next thing and you don't realize how much you've accomplished.

So here are seven signs that you're doing better financially

than the average American. And let me know in the comments where you fall, because I'm

curious. And make sure to like, subscribe, and share this video with a friend. All right, the first

sign that you're doing better than the average American is that you're living without debt

or you're actively trying to pay it off. Recent data says that the average U.S.

adult owes $66,702 in debt, and 77% of American households

carry at least some type of debt.

So when you are debt-free, you are obviously weird because you're not part of the majority,

and that means you have your

income which is your largest wealth-building tool to use for you you're not using it for banks

and to pay back you know Ford motor company and like car payments and all the things right like

this is for you so if you are debt-free you are doing better than the average American. So if you're not,

start working on paying it off. And the most effective way to do that is to list out all of

your debt smallest to largest, regardless of the interest rate, pay minimum payments on everything,

and pay off the smallest one first. All right. The second sign is that you have savings. So as of 2022, the median savings balance for

Americans, 35 and younger was about $5,400. The median savings balance for Americans ages 35 to 64 fall somewhere

between 7,500 and 8,700. So listen, if you have the ability

to have margin with your money and your income, which means you're probably debt-free,

then you have the ability to save. And when you can save and you have money at your disposal,

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