5 Things to Do with Your Savings (start now)
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- čas přidán 7. 06. 2024
- Wondering what to do with your savings? Here are 5 things I do with my savings that you can too.
🏦 Finances:
* SoFi (earn $25 after $25 deposit): www.sofi.com/invite/money?gcp...
* I Will Teach You To Be Rich (easy finances for beginners): amzn.to/3U977Zc
* The Total Money Makeover (live debt-free): amzn.to/4cTSAbs
📒 Productivity:
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* Feel-Good Productivity (the secret to productivity): amzn.to/3UbnXqk
* Finisher’s Journal (journal for entrepreneurs): www.finishersecrets.com/disco...
* Standing desks: amzn.to/3w4ZsCb
💵 Save Money:
* Mint Mobile ($15 month): fbuy.me/rXyR0
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I am 68 and retired. What you say is all true and good advice. I started early, took advantage of my employer's match for the entire term of my 35 years with that company. It's pretty amazing how much you can accumulate without a lot of noticeable outlay each month. Good job on the video Ben. Hope people are watching and listening!
Glad you liked it. I totally agree that starting early is key. When you start early, you don't need to invest as much because of the compounding interest. One of my mistakes was not learning about this earlier.
1. pay off debt (start with lowest amount)
2. Emergency fund (3-6 months salary)
3. Invest
4. Enjoy it (i.e. travel)
5. Give back
great video, need to address those credit card debts.
I counted and it's like paying a Tesla Y every-month to the bank
Will be nice once you clear those debts!
I love your videos, I am new to investing . Are Robo accounts like Acorns, Wealthfront , any good to do . How do you buy the vanguard complete market with out a financial advisor getting involved ? I tried setting up a self employed account and a advisor said that you need a advisor to set up these accounts. Thanks for all you do ?
Aw thanks very much. I haven't used robo accounts before. Buying total stock market funds are easy and you don't need an advisor. What you want to do is create an account with your broker (Vanguard or Fidelity are good), then you'll link your bank account, then you can buy the fund you want. I also set up my solo 401k myself but I worked with a CPA to make sure I was doing it right.
my biggest debt is my wife
Sounds like a happy and healthy relationship …
😂........ahem. I have no idea what you're talking about! 😇
@@libbaT Are you the wife? 😁
@@user-ou1ui3dy1g lol