Hellow guys, Welcome to my website, and you are watching The REALISTIC Millionaire Investing Advice In Your 20s. and this vIdeo is uploaded by Graham Stephan at 2020-06-22T15:30:02-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | The REALISTIC Millionaire Investing Advice In Your 20s |
| Video Uploader | Video From Graham Stephan |
| Upload Date | This Video Uploaded At 22-06-2020 18:30:02 |
| Video Discription | After just turning 30 years old, here is my advice about how to invest in your 20s and everything you can do to begin growing your wealth - Enjoy! Add me on Instagram: GPStephan LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main JOIN THE WEEKLY MENTORSHIP - https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/ THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB FIRST: STAY OUT OF STUDENT LOAN DEBT Unless someone has a clear career path they want to pursue, where a certain college is a REQUIREMENT to get there…it’s usually best to go an inexpensive community college first, save the money, and then figure out what you want to do from there. SECOND: GET A JOB I think it’ll be one of the best experiences you can get, and I have to say…there is a difference in the type of person who has work experience, versus the person who has none. THIRD: STAY OUT OF CONSUMER DEBT This means that you don’t go and rack up a whole bunch of credit card debt to buy stuff you don’t need, don’t go and finance an expensive car, don’t go ballin’ out to impress your friends with how much money you have…all of that is stupid, it’s reckless, and 10 years from now…I guarantee you’ll nearly regret all of it. FOURTH: BUILD YOUR CREDIT SCORE All you need to do to get started is open up a secured credit card with a $200 limit, put a few expenses on the card every month, and then pay it off in full. You’ll pay $0 in interest, you’ll build your credit history, and over time, and you can continue adding in new credit cards to the mix. FIFTH: LIVE BELOW YOUR MEANS I’ve found that the older you get - the less “socially acceptable” it is to live like a broke college student, and the less you WANT to live like a broke college student. So, now is your chance to get away with doing all the cheap and frugal things you’ve always wanted to do, before people call you weird for doing them. SIXTH: TRACK YOUR SPENDING You can’t effectively live below your means without knowing where you spend money, how you can cut back, and figuring out where it all goes. I’ve been tracking every single expense on Mint.com and PersonalCapital.com since 2012…and it’s helped me out a LOT in terms of optimizing my finances. SEVENTH: TAKE UNCOMFORTABLE RISKS: I’ve really found that the WORST place you could be in your 20s…is COMPLACENT. If you’re satisfied where you are right now, but you know - deep down - you aren’t living up to your full potential - the ONLY way to break free from that is to get used to putting yourself under pressure. You HAVE to start making uncomfortable choices and taking calculated risk to get yourself ahead, even if it isn’t the EASY decision to do. INVESTING FROM THRE: -Open up a RETIREMENT ACCOUNT. This is just an account that you can invest within that saves you money on your taxes…for example, some of these accounts allow you to use them as a tax write off, and others allow all of your profit to grow tax free…just depends on which ones you want to use. Roth IRA: $6000 Per Year Post Tax Money Traditional 401k: $18,000+ Per Year Pre-Tax Money HSA / Health Savings Account: $3500 Per Year Pre-Tax Money Look into the 3-fund portfolio, and this gives you the ULTIMATE diversification across everything…so, you’re basically just investing in the entire world in the long run - and even if one or two industries goes down, plenty of others will be there to pick up the pace. Now, in terms of any other investment specifics, just remember this really easy saying: time in the market beats timing the market. That’s it. For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected] *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. |
| Category | Education |
| Tags | investing | investing for beginners | investing in your 20s | how to invest | how to invest in real estate | how to invest in stocks | stock market investing | stock market investing for beginners | stock options | robinhood | robinhood app | best stock trading app | how to be a millionaire | how to be a millionaire in 3 years | credit score | credit score explained | credit card | credit cards for beginners | passive income | how to build wealth | how to build wealth in your 20s | real estate 101 |
