I’m 21, just graduated, my student loans are on grace period. There’s a grand total of $15,000 and I am in a grace period for one year. I am currently working part time while I prepare for my exam (MCAT) and have no real expenses. I am following your challenge and my hope is that by the end. I will have enough to sell my shares and pay off my loans before they start. Currently at $300 in VOO and SCHD, following $5 a day strategy.
I am pretty positive that most Americans don't even keep track of how much money is coming into and out of their bank account. I know where every single penny is going and it's very important if you want to win with money.
Absolutely! Keeping track of your finances is crucial for financial success. It's all about being aware of your spending habits and making informed decisions. And sadly, to your point, I agree that most Americans aren't keeping track
Another great video! My job does 4% on 401k match and for awhile I was doing 14% myself but I feel like I’ve been also missing out on cash I could be investing on my own! Granted I was still doing $15 or so a day on my Roth IRA and regular portfolio on robinhood for awhile. But I feel like making my 401k contribution 6% is still a strong amount, plus with the extra money in my check I plan on maybe doing $20 or more a day in my portfolio/roth to get that rolling as a bigger boost!
I love your videos there very good and motivating most of all very important to build wealth little by little.Every week when I get paid I always take money and it auto mantically goes into my savings.And money also goes into my Roth IRA.And Brokerage account.I do this before I pay the bills.Its important to me because I come first not the banks or bills.People need to understand when u work a job u want to understand that your money matters and u have to make it work for you.If u dont save and invest your money all that work u did was for nothing and the value u lost in yourself and worth was worthless.I always had this mindset when I got my first job when I was 12 years old doing things around the house.saving my money its very important to me as a adult.
Interesting take on paying the lowest balance debt rather than the highest interest. I did that with my student loans lol, even tho not mathematically sound, it feels kinda good
Does your employer give you a match for investing in a Roth IRA? Typically this would be a Roth 401k option that would allow a match to occur inside of the investment.
Max a IRA every year if you don’t do the 401k. Start sooner rather than putting it off. If you prefer to have your money not seen and automatically taken out of your paycheck go 401k. (You won’t miss it if you never have it). Try your best to get 15% in it if possible.
His videos explain it better but basically he invests $7 a day to make up for the weekends when you can’t invest. The reason he does $7 a day and not just $35 a week is to take advantage of the ups and the downs of the stock market throughout the week.
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I’m 21, just graduated, my student loans are on grace period. There’s a grand total of $15,000 and I am in a grace period for one year.
I am currently working part time while I prepare for my exam (MCAT) and have no real expenses.
I am following your challenge and my hope is that by the end. I will have enough to sell my shares and pay off my loans before they start.
Currently at $300 in VOO and SCHD, following $5 a day strategy.
I am pretty positive that most Americans don't even keep track of how much money is coming into and out of their bank account. I know where every single penny is going and it's very important if you want to win with money.
Absolutely! Keeping track of your finances is crucial for financial success. It's all about being aware of your spending habits and making informed decisions. And sadly, to your point, I agree that most Americans aren't keeping track
You gained a new follower I like your channel and the way you explain things keep up the good content
Thumbs up with first 10 seconds ... so many say this & then don't change a thing
Such a life-changing book! Thanks for breaking it all down!
You're so welcome!
Another great video! My job does 4% on 401k match and for awhile I was doing 14% myself but I feel like I’ve been also missing out on cash I could be investing on my own! Granted I was still doing $15 or so a day on my Roth IRA and regular portfolio on robinhood for awhile. But I feel like making my 401k contribution 6% is still a strong amount, plus with the extra money in my check I plan on maybe doing $20 or more a day in my portfolio/roth to get that rolling as a bigger boost!
Will do. Thanks
You're welcome! Thanks for commenting!
I love your videos there very good and motivating most of all very important to build wealth little by little.Every week when I get paid I always take money and it auto mantically goes into my savings.And money also goes into my Roth IRA.And Brokerage account.I do this before I pay the bills.Its important to me because I come first not the banks or bills.People need to understand when u work a job u want to understand that your money matters and u have to make it work for you.If u dont save and invest your money all that work u did was for nothing and the value u lost in yourself and worth was worthless.I always had this mindset when I got my first job when I was 12 years old doing things around the house.saving my money its very important to me as a adult.
Great advice but it's really difficult to not have a social life 😜🙂
So true LOL
Interesting take on paying the lowest balance debt rather than the highest interest. I did that with my student loans lol, even tho not mathematically sound, it feels kinda good
To your point, when it comes to the "math" it's not always something that makes sense...but psychologically - it's a huge win and motivator!
Such great advice.
Good video
Glad you enjoyed
What do you recommend to invest in the taxable brokerage account?
I'm 25 and current use my employer match towards Roth IRA. I am all in there and do not have a 401k. Is this an okay strategy?
Does your employer give you a match for investing in a Roth IRA? Typically this would be a Roth 401k option that would allow a match to occur inside of the investment.
What is your chair brand?
Credit/debt. That how people pay for things
#truth
Nice
What do you recommend if your company does no match for your 401k?
Get a new company?
Invest in an IRA account on your own.
Max a IRA every year if you don’t do the 401k. Start sooner rather than putting it off.
If you prefer to have your money not seen and automatically taken out of your paycheck go 401k. (You won’t miss it if you never have it).
Try your best to get 15% in it if possible.
roth ira
Hi.. can you advise on accounts to use for UK please??
How do you do $5 a day? I get paid every Thursday!? Does that mean to add up and place it every pay period?
His videos explain it better but basically he invests $7 a day to make up for the weekends when you can’t invest. The reason he does $7 a day and not just $35 a week is to take advantage of the ups and the downs of the stock market throughout the week.
Great video as usual! Sent you an email. Keep it up