Having the right accounts open and using them correctly can lead us to the path of financial freedom. Download my book Financial Freedom Faster with the link in my bio 🙂
Hi Steve! Question... I see that SoFi offers a HYSA along with a checking account. But, do you still recommend opening a checking account with, let's say, Discover? Or just use the one SoFi offers? What's best in your opinion? Thank you in advance (:
HSA if you're healthy/into fitness/gym + employer's contribution. Until you have over a certain amount, you can start investing in mutual funds with that excess amount.
Several questions about an HYSA: -Can unemployed people open HYSAs with So-Fi? -Is there a minimum balance you need to have in order to actually get ≥4% APY (maybe even 5%) -Are there any caps on how much you can actually have in that account? -How much would you typically pay in taxes on it per year, considering it’s a source of passive income?
High yield checking account requirements are a hassle that encourage you to use your debit card, which offers fewer consumer protections than using your credit card. (Also, you're undercutting credit card rewards.) And if you don't use your debit card enough, waive good-bye to the high yield. You may even need to pay a fee.
How do you feel about investing in education? I'm looking at obtaining a masters in psych. Starting pay is around 120k, but I'd have to take some student loans if I want to get it done in 2 years and none if I get it done in 5 years.
Make sure you look into companies/ where you can apply to get the 120k I have an MS and saw that I should be making like $110k but getting that job is difficult... Even with my BS everyone told me I would be making 100k EASY Lol, my first job gave me 50k a year None of the 100k positions wanted to hire me, and they still don't 4 years later 😂 (bs is biochem, Ms is forensic chem)
After I open the Roth IRA and connect my bank account do I just deposit money in there and that is all or do I need to allocate that deposit to something?
Hi Steve, where can I find information about opening an IRA being a non - us citizen? I’m legally in the us, going to be for a few years, but I don’t know if I can have access to a roth ira or contribute to it even after I leave the country for good
Having the right accounts open and using them correctly can lead us to the path of financial freedom. Download my book Financial Freedom Faster with the link in my bio 🙂
As usual, your videos are GOLD! Thank you for the vital information you give us continually.
Hi Steve! Question... I see that SoFi offers a HYSA along with a checking account. But, do you still recommend opening a checking account with, let's say, Discover? Or just use the one SoFi offers? What's best in your opinion? Thank you in advance (:
HSA if you're healthy/into fitness/gym + employer's contribution. Until you have over a certain amount, you can start investing in mutual funds with that excess amount.
bit.ly/4eui2Vu
All of them since my mid 20s and counting! Diversify and contribute. ❤️❤️❤️🙏😎
Love this 🙌
Several questions about an HYSA:
-Can unemployed people open HYSAs with So-Fi?
-Is there a minimum balance you need to have in order to actually get ≥4% APY (maybe even 5%)
-Are there any caps on how much you can actually have in that account?
-How much would you typically pay in taxes on it per year, considering it’s a source of passive income?
- you should be able to open one without income
- no minimum balance but need to set up direct deposit
- no caps
- 10-15% of the interest accumulated
I agree school should have been a required grade, plus prisoners upon getting g ready for release should be required to complete this course as well.
High yield checking account requirements are a hassle that encourage you to use your debit card, which offers fewer consumer protections than using your credit card. (Also, you're undercutting credit card rewards.) And if you don't use your debit card enough, waive good-bye to the high yield. You may even need to pay a fee.
All except HSA
How do you feel about investing in education? I'm looking at obtaining a masters in psych. Starting pay is around 120k, but I'd have to take some student loans if I want to get it done in 2 years and none if I get it done in 5 years.
I like it as long as you are growing your skills and improve your financial situation
Make sure you look into companies/ where you can apply to get the 120k
I have an MS and saw that I should be making like $110k but getting that job is difficult...
Even with my BS everyone told me I would be making 100k EASY
Lol, my first job gave me 50k a year
None of the 100k positions wanted to hire me, and they still don't 4 years later 😂 (bs is biochem, Ms is forensic chem)
Can I use Robinhood to open these accounts?
If that’s what you’re comfortable with
After I open the Roth IRA and connect my bank account do I just deposit money in there and that is all or do I need to allocate that deposit to something?
Yes that’s right
Hi Steve, where can I find information about opening an IRA being a non - us citizen? I’m legally in the us, going to be for a few years, but I don’t know if I can have access to a roth ira or contribute to it even after I leave the country for good
I have some RUclips videos on this!
Just a high yield savings account
I have 4 of the 5
Awesome 🙌
素晴らしいかった👍👍👍
what savings/investment accounts do you suggest for people already at retirement age?
A high yield savings account and a TBA 🙂
Hi can you send me information on the taxable brokerage account please and thanks
I use Fidelity and Schwab 🙂
I skipped the hsa
I have all tba
Awesome 🙌
What about after age of 30 ?
You can still open these accounts 🙂