140
118 shares, 140 points



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Here are 7 steps to speculate just like the 1%.
► Get as much as a $250 in Digital Currency: https://blockfi.com/andrei
► $25 of Bitcoin while you purchase $100: https://gemini.sjv.io/Andrei
► $10 of Bitcoin from Coinbase: https://coinbase-consumer.sjv.io/RyP6ra
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE shares valued as much as $1850 (while you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c/1980551/671816/10402
► Open A Roth IRA: https://m1finance.8bxp97.net/c/1980551/696710/10646
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/ledger-nano-x?r=535643c13ab0

My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103

Here is the flowchart from the bogleheads information: https://www.bogleheads.org/wiki/Prioritizing_investments

I like to check investing to my favourite online game of all time – Final Fantasy 7. This is how I take into consideration when investing. Before we put our cash into shares, crypto, actual property, and so forth, we’ve to equip a couple of “special items” to maximise our “grinding”. Grinding is constant investing, so with a view to increase our ranges sooner – we’ve to create particular accounts that can assist us turn out to be millionaires sooner. Here is the bogleheads flowchart.

STEP 1:
Let’s begin by equipping ourselves with one of the best accounts within the recreation. If you’re employed for a corporation, most definitely – they’ll have some type of a 401k plan you possibly can join, should you don’t have one – Get one.

A 401K is an employer sponsored defined-contribution pension account. In easy phrases, it means an account that an organization will provide workers the place our can put your cash into that can come straight from our paycheck – earlier than we receives a commission.

Pick which one you would like. There are two selections that you just’ll be introduced with, both a standard 401k or a Roth 401K. The advisable alternative is a Traditional 401K for most individuals – not all folks however for most individuals. If you don’t know which one yours is, simply double test with HR or login to your funding account along with your firm. Once you’ve got performed that, make investments solely what you are employer is prepared to match however nothing extra.

The secret is you can get your self a standard 401k – put your “pre tax” cash into that, which you should utilize to decrease your taxable earnings – aka you’ll pay much less taxes – and with the financial savings from not paying as a lot taxes – you should utilize to fund your Roth IRA.

STEP 2:
Let’s get probably the most out of leveling up which is to eliminate excessive rate of interest debt. This is as a result of paying off a excessive rate of interest is actually the identical factor as investing right into a excessive rate of interest account. It’s a assured return on our cash.

STEP 3: This is elective – It’s a facet quest particular merchandise we’ve to search out and equip and that’s to get an HSA. An HSA is a well being financial savings account which is a triple tax advantaged account.

STEP 4: Get a Roth IRA and max it out ($6,000 a yr restrict)

STEP 5: Max out the rest of the Traditional 401k.

*None of that is meant to be construed as funding recommendation, it is for leisure functions solely. Links above embrace affiliate fee or referrals. I’m a part of an affiliate community and I obtain compensation from partnering web sites. The video is correct as of the posting date however is probably not correct sooner or later. .

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24 Comments

  1. As the economy crisis keep rising,one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future! Wondering if viewers here are familiar with Betty Gary trading strategies

  2. Some employers also match or contribute to the HSA. When I worked for the VA, they were contributing $125/mo. to my HSA in addition to my contributions.

  3. How come these top crypto people aren't talking about the scams like GYEN and Power? Must not fit your agenda. Or you're all scared that the scams will be heard about and they will hurt your scam crypto channel? You would think they have such a good platform they would tell you about the exchanges ripping people off? Why would anyone trust crypto. Look at what they just did to GYEN and power. Listed it for a day then delisted it the next with hour giving anyone the option to sell. It's still that way today. Crypto is a scam

  4. I have an account with m1 finance and robinhood. Should i keep putting money into those accounts or just stop and focus on my 403b and getting a roth ira started? Im 27 years old the only debt i have is my car note which will be paid off in a few months which will allow me to invest more. I dont make much money but i try to invest what i can but sometimes its only $100 a month but my job matches up to 10% so thats pretty good i just feel so behind.

  5. I watched this with my 17year old, want him to make better money decisions than I did, this video is very informative, but I've already missed out on vital investing years, I'm almost 60 and I don't intend to hold stocks for 10years, what I'd like to know is what stock you think will be the next Tesla in terms of performance.

  6. Remember that all the money you put into retirement accounts is gone/unavailable/held hostage until you turn 65. If you have any thoughts of starting/buying a business, buying other investments(gold, etc), you can't get at that money. If you have high interest debt, always pay it first. It's killing your future.

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