Channel: Graham Stephan

Category: Education

Tags: stock optionshow to build wealthcredit scorehow to build wealth in your 20show to invest in real estatecredit score explainedpassive incomerobinhoodreal estate 101best stock trading apphow to be a millionaireinvesting for beginnersinvesting in your 20show to investstock market investing for beginnershow to invest in stocksstock market investingcredit cards for beginnersinvestingrobinhood appcredit cardhow to be a millionaire in 3 years

Description: Get up to $100 & Trade Bitcoin, Doge, and other crypto with zero fees on FTX. Use my referral code GRAHAM: ftx.us/partners/graham - Enjoy! These are the 6.5 BEST WAYS To Invest $10,000 in 2022 - Add me on Instagram: GPStephan GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: public.com/graham NEW BANKROLL COFFEE NOW FOR SALE: bankrollcoffee.com GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: grahamstephan.com/newsletter THE NEW PODCAST: youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF 6.5 WAYS TO INVEST $10,000 IN 2022: FIRST: SAFETY FUND Ideally, the size of this fund should be equal to 3-6 months worth of your expenses, and kept easily accessible, in cash, just in the SMALL chance you wind up falling on hard times. ALTERANTIVELY: SAVINGS FUND Goals like saving up for a house, car, vacation, business, and so on could fit here…generally, it’s a better idea NOT to invest money you KNOW you’ll need in the next few years because - there’s always a chance the market goes down, a recession hits, and you won’t have enough time to wait for Elon Musk to buy out your favorite tech companies so they can pump to the moon.. SECOND: PAY DOWN HIGH INTEREST RATE DEBT The thing is… if you have ANY DEBT…whether it be on a credit card, a mortgage, an auto loan, or a personal loan…that debt costs you MONEY, and paying it off gets you a guaranteed, instant return on your capital. THIRD: MAX OUR YOUR RETIREMENT ACCOUNTS Roth IRA - This a retirement account that you can invest money into, and all of your profit is completely tax free by the time you’re 59.5…that means if you invest that $1000 at 20 years old, and it’s now worth $21,000 at 65 years old, you won’t pay ANY tax on that profit when you cash out. Traditional 401K - This is an account that you invest PRE-TAX money into, and THEN you’re taxed when you begin withdrawing the money after the age of 59.5. That means more money you can invest with, UPFRONT - instead of paying it to Uncle Sam. HSA - Assuming you qualify, you can contribute up to another $3500 per year, TAX FREE, into this account. This is specifically used to pay any out of pocket medical expenses or charges that you incur…and if you don’t use it one year, that’s fine, it all rolls over to the next year. FOURTH: INDEX FUNDS An index fund is basically just an investment that encompasses the overall market, and by paying one low price - you’ll get the benefits and diversification of owning a small amount of EVERYTHING. Historically, an investment in something like a total stock market index fund, or an SP500 Index fund, has returned about 8-10% annually when you re-invest the dividends. FIFTH: INDIVIDUAL STOCKS - Get Up To $1000 At public.com/graham This is, by far - the riskiest from everything I’ve discussed…. but, the payout could potentially be much larger. That’s because you’re placing a significant portion of your money within a few specific companies, and your entire investment is dependent on those businesses doing well…so if you have a knack for picking stocks, maybe losing some money, and NOT trading emotionally…then it may work out for you.  SIXTH: CRYPTOCURRENCY - Get up to $100 at ftx.us/partners/graham Bitcoin and Ethereum have broken records as some of the best performing assets, they’ve surpassed just about every other investment in existence - and, there’s always the potential that further adoption could drive the price even higher. It certainly depends on your risk tolerance, how long you plan to invest for, and how much risk you’re willing to take…but between these 6.5 options, you should be well on your way to be able to turn that $10,000 into a LOT more money in the future. My ENTIRE Camera and Recording Equipment: amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB 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. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures