How To Build Wealth In Your 20s (Realistically)
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- Опубликовано: 2 июн 2024
- These are the 7 investing habits that have changed my life, how to best implement them, and what you can do to potentially come out ahead 10-30 years from now. Enjoy! Add me on Instagram: GPStephan | PROMOTIONAL OFFER: Get FREE Fractional Shares when you sign up and make a deposit using my paid affiliate link for WeBull: a.webull.com/i/GrahamStephan
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NUMBER ONE: INVESTING ASAP
Following this is easily the most impactful in terms of how much wealth you can accumulate throughout your lifetime. When you’re young, one of the biggest advantages you have when it comes to investing is really simple - it’s TIME. Not only can you ride out any short-term fluctuations in the market, but you can take full advantage of what’s called "Compound Interest." Every year that goes by without investing is a year you won’t be seeing insane growth 30 or 40 years from now.
NUMBER TWO: DON’T TIME THE MARKET
This is the simplest, most factual piece of advice you’ll ever hear when it comes to investing - but it also happens to be the most difficult for people to actually follow. On top that - studies show that the more trades you make, and the more you try to time the market, the lower your overall return becomes. Research has also shown that since 1926, a 20-year holding period of the stock market has never ONCE produced a negative result.
So, without overloading you with facts and studies, all I’m going to say is this: The buy-and-hold investment strategy tends to not only be the safest, but also the most profitable for the majority of people. In fact, just buying in the market immediately - regardless of where it's priced - has out performed trying to time the market 71% of the time.
NUMBER THREE: DON’T INVEST IN THINGS YOU DON’T UNDERSTAND
I’d much rather just not invest at all, than put your money into something you don’t fully understand. Especially in this market, where literally everything is going up, it’s so simple to get disillusioned that investing is really easy, and get yourself accustomed to always making money. But that doesn’t always happen. You need to understand that investing is going to be cyclical, investments will lose for years in a row, and you need to understand and know that going in.
FOURTH: DON’T INVEST MONEY YOU NEED IN THE SHORT TERM
When you invest money, there’s always a chance that the value of that investment will go down in the near future. Investing should always be seen as a long-term strategy. You generally can’t predict where the markets will be a few months or a few years from now - but you CAN look back historically - and see that over a period of 10 or 20 years, your chances of coming out ahead profitable are pretty good. So, for that reason…investing any money that you’ll need within the short term is not a good idea, and could cost you a LOT if things end up getting bad.
FIFTH: INVEST CONSISTENTLY
Investing is just a way of life. All you need to do this, is to automate your investing as much as you can. Just set up automatic withdrawals into a broad index fund without even thinking about it - out of sight, out of mind. You don’t need to be actively involved with it all the time, but just consciously remember it’s there - and that’s it.
SIXTH: THINK INDEPENDENTLY
This is the hardest thing to do from everything I’ve mentioned, but it’s also the one that will make you the most money if you get good at it. And what I mean by this is that you must trust your own thoughts and research, and not be swayed by someone else who says otherwise, or disagrees with you.
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Hello i m a software developper looking to start my company , i do some good work and new things , i m 18 , should i wait until i m 23 to start my company or do i get things done now ?
7:04 if only you took your own advice when it came to FTX
@@igd1315
I admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.
In my opinion, making a smart investment is not only a technique for earning passive income, but also a profitable way of saving for future expenses. People who fail to make the proper judgments early in life often come to regret it later in life. Nonetheless, investing alone can be difficult and risky. As a result, I recommend obtaining an expert’s assistance. The challenge is not just watching videos and reading investing books; it is about implementing information effectively.
I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
25 now, started investing at 21, biggest regret is not starting at 18 😭
Better now than never!
How much you invest and how often and annual salary?
@@alexbob5209 At minimum, I buy one share of VOOG or VTI biweekly. When I ran into Graham and learned all about investing that he has to offer, I recognize how many years I missed out on so I was being super aggressive “catching up”, now I just take it biweek by biweek maxing out my ROTH IRA.
You have plenty of years, you'll be okay. Most people don't start thinking about it until 30 or 35 So you are ahead of the game
Same. I started at 19. Was mad I didn't start another year earlier ! Or save up my money before that
Now we just need to see the Blcktken300 price also move in the same direction as these charts. Up. Very Up.
borlest forbidden money books (thank me later)
is it worth the purchase? Has anybody read some of the books from this website?
@@sportsanalyst916I checked out the website and it did not look legit to me. Haven’t read any of the books but I doubt you’ll find some mystical secret in them.
@@sportsanalyst916only one way to find out
He said, “Hey Graham! It’s guys here!” 😂😂😂
Started working full time after finishing school at 23. Started to follow your channel and investing from nothing. Im now 25 and puting 20% down on a property. Also getting a roomate to lower my housing cost to approximately a normal appartment in my area. Thanks Graham
We are in the same boat 🤘🏻
Just turned 24 this month, a little over $33k invested! So glad to have a community online in this comment section. All my irl friends think the world is ending and our generation is completely destroyed financially. Well, while they keep thinking they won’t live to be 60, I’ll be prepared!
Smart moves prepare for the worst hope for the best
Preach!
Good job! 👏🏼 I wish I was invested at 24! You going to have a bright future. Just stick to long term trading and you’ll be fine. Btw I dig the name. My gfs name is Mackenzie and my brothers name is Lance 😂😂
Impressive work! I’m 20 I hope to be where you’re at in a few years. Crazy how few people take advantage of this
lol that’s so relatable
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Yvette Ruta Musto' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Great Video Graham! We followed most of this advice, which helped us reach our millionaire/financially independent milestone in our mid 30s! Everyone should follow this advice!!!🥰
I haven't been watching your videos in a while I'm glad I'm back
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Graham the goat. I remember seeing him at 17-18 (I am 23 now) Ahead of the curve now because of him
Great reminders I needed to hear again 🙌
Thank you so much Graham! 🔥
I appreciate you for keeping it so real.
it's kinda crazy how nobody's talking about the forbidden ebook called, Derp money,
Is it worth the purchase? Has anybody read any of the books from that website?
@@sportsanalyst916 Yes it's great book if you want to start online business
Thx guys, we Grahams really appreciate it 😊
I’m not the only one who noticed! XD
You're back Guys!! 🔥🔥🔥
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive.
I love Graham. He’s so good at cutting through the noise.
Grahams viewpoint is extremely refreshing compared to the typical mindset. Sacrifice to gain financially
I had this bad feeling about buying at an all time high. Your video helped me get passed that with data. Thank you!
thank you graham, really appreciate this insight and knowledge, would apply this one to my life, ill update you in a few years
Begging of the clip: “What’s up Graham it’s guys here”😂😂😂😂😂 love it!!!
Gracias 🙏🏽 for always provide good info
I only like based on the quality of his asking method in the video and this one deserves both the like and comment
Currently 23 and just bought my first house, been watching since 2016! You have helped me throughout my financial journey! Thank you!
Amazing achievement my guy! Kudos to you!
How did you start watching before he started uploading?
@@RustyVaperGameplay you’re completely right, I messed up my calculation. I have been watching since I was 16 and just went off my birthday.
@@razorfools Thank you! Himand Caleb hammer from financial audit are the best. Recently started watching “Money Guys” now because I want to make sure I’m set for retirement.
I just watched a video by Caleb Hammer that said in my 20’s if I’m good with my money I could have a million dollars and was truly bewildered and confused but had no way to know how to get the money like that. So I can’t wait for this video
It'll be really hard to get $1m in your 20s without a high paying job / leverage / substantial savings rate / or luck.
I really love all the people with no kids that give financial advice
Great video I have been building my wealth and retirement fund. This is helpful.
Glad it was helpful!
Thank you so this video best advice ever!!
Thanks for this Graham
hi Graham! we love your videos!
Thank you so much!
Thank you for making these videos Graham keep them coming! ❤ Las Vegas local
Back with a banger!
This is amazing. “How to build wealth”
Thanks, Graham! These are great investing tips for life. Like so many others here, your videos got me started with learning about investing. What a massive impact you've had! I have a small channel that I'd love to grow to be similarly impactful one day.
Graham, love ya, one of my fin tutor❤
Sound insights. Thank you.
Love your videos Graham! You’re one of the very few financial RUclips channels I’ve subscribed to and I find so much value every time I see a video you post. I’ve been personally trying to get into the investing world as a new goal for 2024. And there’s videos out there but from guys that don’t seem that much trustworthy. Would you consider make a guide on how to invest, what tools to use, etc. I’m sure others would find value out of that video!
I might do something like that!
Hi Graham, I know you get a lot of comments under your videos, but I simply could not hold back on expressing my gratitude for your work on RUclips because you seriously changed my life. I started watching you at 17 and started setting myself up financially, putting as much money in a market weighted total world index fund ETF utilizing registered accounts, maximizing my credit score and points utilization and adopting a long term mindset on life in general. Im now way older and I’ll be starting soon my career in personal finance to preach those crucial steps while sharing my new found passion for personal finance. I’ll be forever grateful for the spark you gave me and changed my life for the better. I know you received some hate on RUclips but no one can steer from the fact that your tips and mindset are the gold standard to anyone starting in personnel finance. Wishing you a great day man.
Good job man
These are great!
Retiring in my 40’s learned that investing is easy and everyone can do it.
I started watching your stuff in 2020 graham. Thats when i started investing. Im canadian but have put 32k in my tax free savings account now and bought my first property in 2021 thanks to you!
Congratulations!
you're the reason I seriously started looking into ETFs. They're now the backbone of my portfolio
Love you vids
Thanks for all the help
You got it!
You got it!
Nice work. I’ve been on the Blcktken300 train for a while, never sold as they are always building.
Awesome video Guys!
Thanks Graham
Nicely said Graham. I’m doing extremely well, but wish I would have started younger. Now with my kids I start them when they can walk and have them save 50% of their earnings and invest it! 👍
Is Blcktken300 a diamond in the rough? Let's analyze!
Which platform do you use to buy it?
We love the evergreen videos ❤
:)
A career which gives you a little bit of time and work-life balance costs you financial independence because it'll be low paying. Tough choices to make. Keep in mind, investing provides a jumpstart to financial freedom. At 34, I already have a $6m portfolio.
Everyone needs to hear this, you need to create your own process, manage risk and stick to the plan, thick or thin, while continually learning from mistakes and improving
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.>
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
NATALIE ANN BRINKMAN is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Great video ! What should I invest in ? Not knowing is the reason I haven’t started .
Hey graham if you’re looking for a new series or outlet to document for your channel maybe you could document the process of buying a rental property giving the breakdown on expenses, process of upgrades and then the process of finding a renter for it or just selling the home. I think it could be something unique in the aspect that there aren’t any RUclipsrs I’ve seen that have done it and given a thorough breakdown of the process
I think something I'd add is find investments you are interested in. That way, you can have some sort of passion to follow that industry, keep up with news and make better choices. You understand that industry and how each company/entity begins to function and with that, there's money to be had.
Legend!!!
:)
Thank you Graham! Im inspired to share my wins because of you! Im 21 with 15k invested between stocks and a Roth IRA. Im so thankful to have a positive net worth at this age.
Because of Graham i bought two pieces of real estate in 2023. Yes its been crazy tight financially but it will pay off in couple years.
Great video
Glad you enjoyed it!
Took me forever to get over the start of the video.
Appreciate you.
Thanks Scott!
*Yes investing is the most life changing thing you'll ever do* 😀
Read alot of this in Grant Sabatiers book “financial freedom”
Wait a sec I love your intro, go ahead
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $500k portfolios or maybe even consider some defensive investments.
I am in my early thirties. Working as a energy engineer and looking for different career opportunities. Would you ever consider doing a video about the traits that you were able to translate from one career to the next? Great video and appreciate the links referenced. Only over the last 3yrs have i made contribution to 401k and roth ira thanks to you and dave ramsey.
Hi Graham! I have a question. If you were 19 yr old and could start investing $100/month in a Roth IRA in Fidelity Investments from now till age 65, which index fund or mutual fund would you pick if you could only pick one?
I am halfway through nineteen and my roth IRA is about 2,350 and my YTD return of 2024 is 38% but I was lucky when buying a few stocks.
When l was searching for way to build wealth when I got job years back, I started with fixed income, spend a year or two knowing what the stock market is about before delving into it and years down the lane, I never regret it. I started investing in my late 20's and now I have seen the power of compounding.
Love the strategy to push for more comments subliminally with the small error at the beginning that we all know we want to correct
Currently have 70k in retirement and 24k in a taxed brokerage account. I’m 25 and have been investing since 18. Nothing crazy but I took advantage of 2020 dip and agree with everything here. Consistency is key.
I bet your videos like this have a long tail....I wish I was patient enough to make more videos like this. Great Topic!
Yeah, I've noticed the algorithm is shifting back to long-tail content like it was back in 2019. Typically these do really well over 3-5 months.
What a crossover!
What does long tail mean
@arfo8353 Im assuming it means content that reaches the algorithm slowly, but more consistently over time... The opposite is content that has a shelf life of 24 hours and wont get any more views after that, like news and reviews etc...
@@GrahamStephan this one did absolute ass.
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
Finding financial advisors like Natalie Noel Burns, who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Natalie has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
You need to make a Short or reel of the $1 -> $21 dollars test for expense!
When I invest I like to invest 10% of my paycheck into the stocks that get the highest dividend rates and then I reinvest the dividends. This way my portfolio grows in value and I will be able to earn more dividends. When I look for dividends I look for a pay out of more than 4.5%
"Whats up Graham, its guys here" love that beginning brother
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024.
Mrs Sonia Campbell was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Sonia Campbell
she often interacts on Telegrams
using the user below
sonia731 ...... That's it
I just found your page and I love your energy! my question is what to invest into for a beginner that is low maintenance. I would like to set it and forget it because I do not know what resources to use to figure out when to buy/sell. I saw some videos on index funds and treasury bills but I am in my mid twenties and a lot of videos say to invest into stocks
It's going good man. I found out yesterday that I had to take a picture in my military dress uniform for the best warrior competition by today, which I didn't have. So I managed to get one and everything this morning. One hell of a way to start the day.
How you been?
Oh wow, glad you were able to make it work! Been good, just got back in town so quite jet-lagged...I can never sleep on airplanes, so 36 hours without sleep has really thrown me off!
I’m currently 21 and just invested $2000 into my ROTH IRA. Hope to be investing 3k each month into investment accounts from this point forward and am very glad to have seen your content! Keep it up!
Well done!
3k a month ? What do you do for work if you don’t mind me asking
@@shayleeolsen804that’s what I’m wondering too that’s $36000 a year invested. That’s the salary of some.😊
@@shayleeolsen804 I was wondering the same haha. Right now with mortgage and everything else, I've only got a couple hundred spare a month.
That’s crazy money for your age, well done!
I have a varying number of hours I work each paycheck, so I could work exactly 40 hours one week or I could pull OT and work ~50 hours the same week. Something that’s kept me investing so far is having to manually do the math on what percentage of my gross income I want to invest per paycheck. I know it sounds stupid, but making it a habit every single week as soon as I get paid to calculate the amount to transfer keeps me engaged with it. And it also helps me work it into my finances vs. just a flat rate every paycheck so if I have a little extra money, I can throw a bigger percentage into investments.
Well Done
:)
whats up graham its guys here :) love it
Fantastic advice. Wish I had known this in my 20s. Now in early 30s and I understand…
I finally got my work 401k set up. I don’t have a lot of flexibility in my income so I’m only able to do about $200 per month, but it’s a start and I’m looking at a decent raise soon. Plus that’s with a match of $200.
Nice video I used to think every investor went broke during recessions, meanwhile some made millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some and profit for others, it all starts from having the right mindset. That said, I've set asides part of my savings to invest for future. Unfortunately I'm a complete noob.
I am making a trading algorithm for timing the market lol, my algo does also include hold (with some buy/sell for extra)
I am 26 and working full time planing on being an artist and go on tours of vendor fairs to sell my art and go finish my degree in the fall
wow super early! Love your videos, convinced me to get into a real estate game and I have been going since 2021. How do you feel about rent to owns as a seller? I have seen conflicting reports from its great and profitable to its bad and to avoid it.
I've never done it. If it's a quick term, I don't see the issue - but, there's so many variables. I don't see it done often.
Any recommendations as to where to start investing?
My plan is to invest on Monday. Every Monday. Auto-invest is turned on.
Still liking!
Thanks so much - how's everything been?
Loved the Intro 🤣
What's up Graham it's guys here made me crack up😂😂
If there was ONE thing a 20 years old should focus on to get his finances in place what should it be?
BUDGET BUDGET BUDGET. That's huge. If you can get that habit down, everything else will become soooo much easier.
@@GrahamStephan do u have any video talking specificaly about budgeting?
Don’t follow trends
Be humble.
I’m 26 dude listen to me okay. Put $100 a month towards an index fund. That’s all nothing more nothing less out of sight out of mind. When your 26 you will thank me later. I got my hands in real estate stocks and an employer match RothIRA and a high yield savings account. I use to ride a little kids bike to work cause that’s all I could afford at the time I remember it was $20 bought it at a Walmart, dude keep hustling and it will pay off bro I promise you that. I’m living proof.
NOTI GANG
Welcome!
hi graham!!
sup!
When are you going to do your yearly income/networth video?
I bought LUNR when they launched their rocket, and today is worth less than half what I paid for my positions. In the end this stock will be worth thousands per unit once they begin routine lunar transport. If you invested $100 one time into MSFT(microsoft) in 1986, today is almost $500,000. Companies like LUNR are going to end up much larger than companies like microsoft could ever dream to be.
Let's see what happens! Super volatile!