The point is whether you're 18 or 35 - get started NOW and get started TODAY! Join me on the Webull App - get FREE stocks when you get started with a stock account, Roth IRA, and more (limited time) ► averagetoamazing.com/go/webull/
Ive always heard that rule. 7 years to double your money. For those who need more convincing about how little things matter. Each week for about 6 months or so i was adding $5 a week into Cheveron, Exxon, and Sinclair. Now those three stocks pay about $10 a year each. Thats without dividend reinvestment.
Absolutely! Even small investments can grow significantly over time, thanks to compound interest. The earlier you start, the more time your money has to grow.
I would encourage married women (and probably men too) to have a separate investment account from the joint finances. My husband died in 2020 and only when he was dying did I find out that he was leaving the majority of our wealth to his sons from his first marriage. It's very hard to argue with someone who is dying. His thinking was that I would remarry and he didn't want my next husband to enjoy "his" money. I'm 59 and started over with nothing 4 years ago. I'm still single, not dating and will never marry again. I was briefly in a relationship with a man who had started over twice already. He never planned to marry again either. To put it bluntly, I'm too old to be someone's never ending friend with benefits so I left the relationship. Always invest in yourself and for yourself.
Making it a habit is what made it important for me. Started with only $25 per month into mutual funds. Then, every time I got a raise I increased that $25 by part of the raise. Initially that grew pretty slow but the hockey stick of exponential growth catches on eventually and BOOM!
My daughter turns 18 in two months. We're going to get a credit card for gas only purchases and pay it in full every month. We're also going to open a Roth IRA and get her started to be better than most her peers/Americans. 💪
@@BobSharpe To make it clear I deposited a lot, balance is over 6k and up about 5% in 2 months so far. Just was saying I'm investing at a current 3k per month when I planned 500 lol
Hello! Yes as @Sanloong7 said, you can set your family as the beneficiaries so that they receive the money. Keep in mind a Roth can be inherited even if you live up to and past 100 years old. If you have money left over, you can designate your beneficiaries.
My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Why have the app use the $200 you put in to do $5 throughout the month instead of $200 that day and sorry about it the next month? Is there some benefit to a compound interest I’m missing?
Hey bob so I’m 20 I’m a little nervous as a beginner because I feel like I’m late into the game but I have $150 to put into the stock market and looking to throw $50 into CAVA (Mediterranean they are blowing up quick and I love eating there), and $50 into Apple (who doesn’t love tech) and I’m split between VOO and SOFI.
Honestly, you lost me with your last video suggesting putting our “extra” 2 THOUSAND dollars a month into our mortgage. Obviously you are out of touch with the peons. No way we can afford that. I guess RUclips pays pretty damn well
Aww sorry to hear that! The goal is to inspire people to just get started. I spent a long time not taking action and I’m kicking myself. Whether it’s $10 a month invested or an extra $20 a month towards the mortgage - start ASAP towards your goals. I believe in you!
I know I'm old 51 years old and homeless. Pay no rent so I will try to invest 1000.00 usd a month in devidend reit stocks. Or nvidia or whatever. Don't smoke or drink. Probably live longer on average maybe 120 years.
@@craftymulligarWise words. If I had invested my cigarette and booze money over the course of my life, I would be a wealthy woman. Thank goodness I left those habits behind. It's never too late to quit. Good luck and God speed.
The point is whether you're 18 or 35 - get started NOW and get started TODAY! Join me on the Webull App - get FREE stocks when you get started with a stock account, Roth IRA, and more (limited time) ► averagetoamazing.com/go/webull/
Ive always heard that rule. 7 years to double your money.
For those who need more convincing about how little things matter. Each week for about 6 months or so i was adding $5 a week into Cheveron, Exxon, and Sinclair. Now those three stocks pay about $10 a year each. Thats without dividend reinvestment.
That’s awesome, thanks for sharing!!
V cool background Bob! I like the furniture rearrangement. The green shirt is fire too
Thanks so much!!!
Thank you your video has changed my whole mindset doing 100 every week in voo because of you
Absolutely! Even small investments can grow significantly over time, thanks to compound interest. The earlier you start, the more time your money has to grow.
could u advice me where to invest
Thanks for your videos bob , I wish they talked about investing when I was a teenager but no one did !
im 17 rn going to start small at my 18th birthday thx for the vidoes they're useful
I would encourage married women (and probably men too) to have a separate investment account from the joint finances. My husband died in 2020 and only when he was dying did I find out that he was leaving the majority of our wealth to his sons from his first marriage. It's very hard to argue with someone who is dying. His thinking was that I would remarry and he didn't want my next husband to enjoy "his" money. I'm 59 and started over with nothing 4 years ago. I'm still single, not dating and will never marry again. I was briefly in a relationship with a man who had started over twice already. He never planned to marry again either. To put it bluntly, I'm too old to be someone's never ending friend with benefits so I left the relationship. Always invest in yourself and for yourself.
Bob Sharpe, cool video you deserve more subscribers
Wow thank you, truly appreciate it!
Great video. Thanks for the motivation and the positive reinforcement to remain disciplined
You got this!
Thank you for your videos. Great content as usual.
Thank you 🙏
Thanks for all of the content!
Making it a habit is what made it important for me.
Started with only $25 per month into mutual funds. Then, every time I got a raise I increased that $25 by part of the raise.
Initially that grew pretty slow but the hockey stick of exponential growth catches on eventually and BOOM!
im 21 and watching this and im just starting
Bob Sharpe, This is sick!
Slow and steady wins the race, here's to FIRE!
Yes!!!!
My daughter turns 18 in two months. We're going to get a credit card for gas only purchases and pay it in full every month. We're also going to open a Roth IRA and get her started to be better than most her peers/Americans. 💪
W parents
Im surpised you didnt open a shared credit card at age 16 for your kid to use for gas. My pops did that. Got a credit score of over 800 something now.
@@iknownothinguknow she'll have time to build the credit score before she needs it if she starts at 18
@@iMixMaSteR1 ?
@@michiganman845 when you just see a W or a L it means Win or Lose. So they meant Win parents like good job.
Amazing video recommend 100% 🎉
Thank you so much!!
Great video 👍
Thank you!
VWCE and chill for me
Great vid!
Thank you much
I understand the theory of compound interest, but *what* do you invest in FOR compound interest?
I started 2 month ago and already have over 6k in my portfolio when I had planned on investing 500 a month. I have to stop!
Wow! Hey that’s great, keep me posted on your progress, I’m rooting for you!
@@BobSharpe To make it clear I deposited a lot, balance is over 6k and up about 5% in 2 months so far. Just was saying I'm investing at a current 3k per month when I planned 500 lol
Honestly if you can financially afford to keep it up don’t stop. If it’s causing you financial pain slow down other wise keep it up.
If I die before I reach 60 year what will happen to my money in the roth ira will it just stay there or will it go to my family?
Ur family or ur set beneficiaries
Hello! Yes as @Sanloong7 said, you can set your family as the beneficiaries so that they receive the money. Keep in mind a Roth can be inherited even if you live up to and past 100 years old. If you have money left over, you can designate your beneficiaries.
For 15 years or maybe more , i invest 3$x 16 stockx 5day x 52 weeks x 15 years + Drip + 250% growth ( maybe) that all i need ❤❤❤❤
My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Why have the app use the $200 you put in to do $5 throughout the month instead of $200 that day and sorry about it the next month? Is there some benefit to a compound interest I’m missing?
Dollar cost averaging. You're more likely to catch small dips in the journey than to do so monthly.
Long and drawn out video made me sleepy 😅 good info though
😄 😴
But I appreciate you watching and commenting!!
Hey bob so I’m 20 I’m a little nervous as a beginner because I feel like I’m late into the game but I have $150 to put into the stock market and looking to throw $50 into CAVA (Mediterranean they are blowing up quick and I love eating there), and $50 into Apple (who doesn’t love tech) and I’m split between VOO and SOFI.
Im only 13 is that a good thing?
Honestly, you lost me with your last video suggesting putting our “extra” 2 THOUSAND dollars a month into our mortgage. Obviously you are out of touch with the peons. No way we can afford that. I guess RUclips pays pretty damn well
Aww sorry to hear that! The goal is to inspire people to just get started. I spent a long time not taking action and I’m kicking myself. Whether it’s $10 a month invested or an extra $20 a month towards the mortgage - start ASAP towards your goals. I believe in you!
I know I'm old 51 years old and homeless. Pay no rent so I will try to invest 1000.00 usd a month in devidend reit stocks. Or nvidia or whatever. Don't smoke or drink. Probably live longer on average maybe 120 years.
Just stop being broke Amy
Invest what you can. The more excuses you make, the more you’ll be behind.
@@craftymulligarWise words. If I had invested my cigarette and booze money over the course of my life, I would be a wealthy woman. Thank goodness I left those habits behind. It's never too late to quit. Good luck and God speed.
GREEN SHIRT = GREEN AGENDA
Haha! You've got me rethinking my decision to wear a Red shirt for the next video!!!
i'm 16 lol
I learned to invest in voo and schd because of you and so far so good. Lets see 5 yrs later then 10 and so on. Why do you say wayboo. Its webull
That's the northerner accent coming out LOL.