Investing

The REALISTIC Millionaire Investing Advice In Your 20s

the-realistic-millionaire-investing-advice-in-your-20s



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

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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 GrahamStephanBusiness@gmail.com

*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.

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27 Comments
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Robert Dunfee

27 Comments

  1. Soothe & Relax
    July 20, 2021 at 11:15 am

    Graham i’m getting 12-14% from VOO.

  2. harrison david
    July 20, 2021 at 11:15 am

    This is really a great video, but as for me i make huge profits on my investment since I started trading with Mrs Juan Susan, her trading strategies are top notch

  3. Billy Jefferson
    July 20, 2021 at 11:15 am

    I love you graham but telling 20 year olds to put money in bond funds because they go up and stock market goes down is silly bro haha

  4. Billy Jefferson
    July 20, 2021 at 11:15 am

    Why index funds when several mutual funds get better returns

  5. Sumgiji Mothae
    July 20, 2021 at 11:15 am

    This is the type of things that should be taught in school. But, school is set up for you to be an obidient laborer and outsource solving your problems to politicians.

  6. Abhishek Dharan
    July 20, 2021 at 11:15 am

    Wish I had the knowledge you're preaching when I graduated high school or even college. Keep preaching and take my like!

  7. Ly Nguyen
    July 20, 2021 at 11:15 am

    video or thank you for sharing

  8. Vera Monique
    July 20, 2021 at 11:15 am

    Great video . i have been investing in stock but have not been getting good profits

  9. CABASAG, CHRISTOPHER
    July 20, 2021 at 11:15 am

    Never had a job but I've been working in our small family business for a decade now amd I started doing it when I was in 6th grade

  10. Diana
    July 20, 2021 at 11:15 am

    Can we have a video for 30 years old if we have done everything except investing and we are just starting?? 🙈

  11. Ryan Christofalo
    July 20, 2021 at 11:15 am

    The unable airport primarily curve because linen embryologically guarantee modulo a pathetic sentence. petite, square meat

  12. Eduards Balodis
    July 20, 2021 at 11:15 am

    HAHA Good luck doing it with under 10K yearly income 😀

  13. REgamesplayer
    July 20, 2021 at 11:15 am

    Get high paying job quickly, preferably set up by your dad and then follow this advise. He only got rich, because he got income. He got income, because he got extremely lucky. An average real estate broker in USA earns about 40,000k per year. You have as much chance getting where he is by doing the same thing as you would be by going into programming and becoming next Bill Gates.

  14. Estevan Ayala
    July 20, 2021 at 11:15 am

    Why did my comment get deleted

  15. Michael Brower
    July 20, 2021 at 11:15 am

    Maybe pressure from the government to shut down influencers

  16. Danielle Robert
    July 20, 2021 at 11:15 am

    I keep wondering why people save with the bank when you can easily Invest it in bitcoins while it grows more profit, Evelyn .T. Hills is an expert trader and her strategic method of trading works perfectly well.

  17. Ali Hijazi
    July 20, 2021 at 11:15 am

    Can you make a video of what to do and not do in ur 30’s?

  18. Ryan M
    July 20, 2021 at 11:15 am

    "Stay out of student loan debt"

    Me: 23 years old with big student loan debt :'(

  19. Dineo O'Brien
    July 20, 2021 at 11:15 am

    I was able to build a big income stream during the covid-19 pandemic investing with a professional broker,Mrs Elizabeth Graham, I have been making huge profits on my investments ever since i started trading with her, Mrs Elisabeth Graham's trading strategies are top notch.

  20. Mark Benjamin
    July 20, 2021 at 11:15 am

    What an amazing video,this is exactly what I need as a motivation to trade Btc/Fx

  21. Next Level Luxury
    July 20, 2021 at 11:15 am

    🎯For everyone who is working hard towards the goals:
    ▪you are amazing!
    ▪you are strong!
    ▪ you can do it!

    ❤ I believe in you! Love from a Motivational YouTuber

  22. Nicole D
    July 20, 2021 at 11:15 am

    Hi Graham, which investment platforms do you use/recommend to get started with investing in the 'three fund portfolio'?
    Best,
    Nicole

  23. Daisy Flora
    July 20, 2021 at 11:15 am

    Nice video! I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mrs Lauranetta Thomas.

  24. Mussai Ui
    July 20, 2021 at 11:15 am

    please share your journey on youtube 🥺

  25. Bryan Shirley
    July 20, 2021 at 11:15 am

    My son just bought his first home with a 0 credit score he is 27. It can be done with no credit. Stay away from cc and debit which he has done.

  26. james brisebois
    July 20, 2021 at 11:15 am

    amazing video thank you

  27. Thomas Sarah
    July 20, 2021 at 11:15 am

    NOBODY BECOMES A MILLIONAIRE OR A BILLIONAIRE BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRING MILLIONS OF DOLLARS, AND CONSISTENCY BRING BILLIONS, THE MARKET IS ALL ABOUT BTC AT THE MOMENT NOW…………..