Optimal Order of Investing - Where to Put Your Money First скачать в хорошем качестве

Optimal Order of Investing - Where to Put Your Money First

What’s the best way to save your money? Where should you focus your attention first? Ryan covers a general framework for saving money, prioritizing emergency savings and high-interest debt. 💰Establish an Emergency Fund: Start by setting aside 3-6 months' worth of living expenses in a high-yield savings account outside of your regular bank. 💳 Pay Off High-Yield Debt: Focus on eliminating high-interest debt, such as credit cards or student loans, prioritizing anything with an interest rate above 7-9%. Aim to pay off these balances monthly. 💸 Maximize 401(k) Employer Match: Take full advantage of your employer's 401(k) match, as it's essentially free money for your retirement savings. 🏥 Contribute to a Health Savings Account (HSA): Invest in an HSA, which allows for tax-free growth and withdrawals for healthcare expenses. 📈 Participate in Employee Stock Purchase Plan (ESPP): Buy company stock at a 15% discount through an ESPP, and consider selling the shares immediately to capture the discount's value and avoid potential underperformance. 💲 Maximize Retirement Contributions: Contribute as much as possible to retirement accounts to benefit from tax deductions and compound growth. 💵 Contribute to Roth Accounts: You can contribute to both a 401(k) and a Roth IRA, which provides additional tax-free growth and withdrawal benefits. Backdoor and Mega Backdoor Roth IRAs 👉 https://bulloak.com/blog/how-mega-bac... 🏦 Invest in a Taxable Brokerage Account: Utilize a taxable brokerage account for its flexibility and potential investment opportunities. 🏠 Pay Off Low-Interest Debt: Consider paying off low-interest debt, like a mortgage, only after addressing higher-priority financial goals. Evaluate whether the guaranteed return from paying off debt is preferable to potential market gains. If you find yourself halfway down this list or further, you’re in a great spot. Financial planning is highly individual, but this sequence provides a foundational approach to managing savings and investments effectively. ================ We help high-income earners capitalize on their accomplishments with pragmatic, data-driven financial advice. Learn more about Bull Oak → bulloak.com 🔔 Subscribe to be notified of future videos:    / @financialplanner   Timestamps: 0:00 - Establish an emergency fund 2:17 - Pay off high-yield debt 3:37 - Max 401k employers match 4:24 - Health savings and employee stock 6:08 - Retirement plan and Roth contributions 7:44 - Brokerage account 8:40 - Pay off low-interest debt 10:28 - Final thoughts