If you know me, you know, I'm not a fan of toxic comparison culture.

But when it comes to building wealth, it actually can help you see actually where you stand

when you look at your numbers compared to others.

So today, we're going to look at how the average American manages their money.

And stick around later because I will show you how to reach your financial goals regardless

of where you're starting from.

So be to sure to like, subscribe, and share this episode with a friend.

All right, first, let's talk about salary.

The average annual salary in the U.S. is around $68,000.

So you can kind of size up where you are,

where your household is in regards to that. Remember, that takes the income of people just starting off. That's hourly workers, all the things, all the way to people that have been working for

40 plus years. So that is the average. Now, your income is really important because it is the tool

that's going to help you build wealth. And the problem is debt comes into the picture and takes your

income, right? It can leave in thousands of dollars at a time every single month going to car payments

and student loans and personal loans and all the things. And that those thousands of dollars

is not being kept with you to invest and give

and save and spend. So keeping your income is so, so important. Now, of course, again, debt is a

picture for a lot of people. So the total debt for Americans is over $18 trillion. And this includes

everything from credit cards to mortgages, all of it.

So let's break it down to specific debt, which each one is. So let's start with credit cards.

The average credit card debt balance per borrower is almost $7,000. Now, the total credit card debt in America is 1.2 trillion, which is the highest that

it's ever been, meaning some people are carrying balances that are larger than 7,000 smaller,

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