How to Have $100,000 Invested by Age 30 скачать в хорошем качестве

How to Have $100,000 Invested by Age 30

$100,000 feels like the first big hurdle when it comes to your wealth building journey. Up until that point, every dollar you invest still feels like your grinding, and while it is satisfying to invest at this stage, you haven't seen a ton of the effects of growth and compound interest kick in yet. Once you hit that $100k benchmark, things seem to get much easier. And because of this, I think it is a great goal to have $100k invested as quickly as you can. So check out this video to figure out how you can build your investments to $100k by age 30. The first step to accomplishing this goal is staying out of bad debt. I know this isn't super related to investing, but if you have debt hanging around, it is going to be really hard to build wealth when you have high interest rates holding you back. You'll also want to get your student loans paid off. Having student loans doesn't mean you can't invest at all, in fact you should be investing in retirement, but anything on top of that should go towards your loans. The next step is to get educated and find a solid career. Your income is going to be your strongest tool when it comes to building wealth. Without income, there are no investments. So when you are trying to decide what you want to major in or what you want to do with your life, make sure you pick something that will get you a decent salary. But don't get me wrong, you don't need a huge income to accomplish the goal of having $100,000 invested by the time you turn 30. It just needs to be decent and you need to have some sort of job stability. The third you need to do to accomplish this goal is get in the habit of investing regularly. And if you can, automate it! Signing up for your companies 401k program is a great way to do this because the investments will automatically be taken out of your paycheck! You can also set up automatic contributions in an IRA or a regular brokerage, so you have no excuse when it comes to building this habit. Lastly, just keep your investments simple. I personally like to invest in index funds and target retirement date funds. And don't be mistaken, having a simple investment strategy doesn't mean you can't build wealth quickly. In this video, I will also share the exact amount you'll need to invest every month to accomplish the goal of having $100,000 invested by age 30, so make sure you stick around for the entire video to get all the details. Thank you! Investment Strategy Video Link -    • My Strategy for Investing in 2024 (Stock M...   Dollar Cost Averaging Video Link -    • How to Profit in a Stock Market Downturn (...   Chapters: Intro 00:00 Stay Out of Debt 02:48 Income Strategy 04:36 Investment Habits 06:44 Investment Types 08:09 Monthly Investment Amounts 08:58