How To Invest For Students | Step By Step



Here is the step by step guide on how to invest for students
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THE SEC SAVING & INVESTING FOR STUDENTS MANUAL:
https://www.sec.gov/investor/pubs/savings-investing-for-students.pdf

THE MOST IMPORTANT THING ABOUT INVESTING:
You do not need any money to start and you do not need to learn complicated buzz words like diversification. You can start as early as you want without any money or income.

WHAT’S THE GOAL OF INVESTING?
Seems like a silly question but most people don’t know the answer to this. The whole goal of this game of life is to pay your bills while you sleep. That’s really it – it’s the ultimate thing money can buy – it’s freedom from something and freedom to do anything – that’s how you win.

STEP 1: HOW MUCH MONEY DO YOU NEED?
In 2022, the 3 biggest expenses were housing ($1657 a month) transportation ($798 a month) and food ($644 a month). In total – the average US household spent $5,005 a month – that works out to be $60,060 per year.

Once you figure out how much money you spend per year, you take that number, and multiply it by 25. This is based on what’s called the 4% rule.

WHAT’S THE 4% RULE?
All that means is that’s how much money you need to have invested to last you a 30 year retirement without running out. So for the average us household – $60,060 multiplied by 25 works out to be $1,501,500. That’s how much the average US household needs to retire (which is also why most households don’t retire).

WHAT’S THE SECRET?
3 things you can do to retire early. Make more money, save and invest more money, or both.

STEP 2: GET A SAVINGS ACCOUNT
The best savings account for college students right now is actually SoFi. I’m not sponsored by but SoFi’s but their APY is 1.25% – that is 41 times the national average which means you will earn more interest in 9 days than you will in an entire year at the average savings account at a normal bank. The catch is that you need to turn on direct deposit.

STEP 3: GET A CHECKING ACCOUNT
Look for 3 things: no account monthly minimums, reimburses ATM fees, and earns interest. Any of the commercial banks like Chase, Wells Fargo, or even a local credit union work fine. Credit Unions are awesome, they are no frills, they’re free, and they take care of their customers really well. If you want something online, both Ally Bank and SoFi provide a solid checking account.

STEP 4: GET A CREDIT CARD
First download the credit karma app (https://www.creditkarma.com) and start tracking your progress (it’s free). Aim for a credit score of 750 and above.

THE BEST CREDIT CARD FOR BUILDING A CREDIT SCORE:

PETAL 2: https://www.petalcard.com/petal-2
DISCOVER IT SECURED: https://discvr.co/3vVVEii

Both are great options to start building a perfect credit score.

BEFORE YOU INVEST – DO THIS FIRST!
Pay off high interest rate debt. The average US household owes $6,270 in credit card debt. The average credit card interest rate is 18.3% – now if you were to invest in the stock market – a good year would give you an ROI of 8% – not only is that no where near as high as 18% – but it’s also not guaranteed. Invest where you are guaranteed high returns first!

START INVESTING!
If you can save 50% of your after tax income and invest the difference – you will have “enough money” to last you for life in just 17 years. If you can boost that savings rate to 65%, which is a lot harder to do but not impossible, you can retire in just 10.5 years.

WATCH THE VIDEO TO FIND OUT HOW!

SOURCES:
https://bit.ly/3LroqOq
https://prn.to/3OFDB8G
https://bit.ly/37PrZj4
https://cnb.cx/3MD2znp
https://bit.ly/3OPsmdO
https://cnb.cx/3OHTYln

*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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28 thoughts on “How To Invest For Students | Step By Step”

  1. College starter pack:

    Checking account: Capital One or Schwab
    Savings account: Capital One or Discover
    Investing IRA account: F*$elity or Schwab
    IRA investment: FSKAX or SWTSX
    Credit card: Discover It

  2. <The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. <But all thanks to Jenniferwilbur for her amazing skills for helping me to earn 19 Btc through trading chart. I believe we are in the spring phase…

  3. You can actually just charge whatever you want and as long as you pay it off before the statement date you won’t be utilizing credit (stay under 10%). It’s really hard for someone new with a limit of 500 to stay below 50 a month that’s just silly. Charge what you need and pay it off every time to keep utilization low. Easy win

  4. Bare in mind, this is coming from the dude that has been wrong about EVERY single prediction he has made, so I personally wouldn’t listen to him. 🤷🏻‍♂️🤷🏻‍♂️

  5. < TA is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over 11 btc from day tradng with mr Kelly Max , insights and signals in less than 2 weeks, this is one of the best medium to backup your assets incase it goes bearish

  6. Can someone please explain what he meant at 15:12? When he says when your ready to sell off your investment . Does he mean you continue to live off dividends . Thanks in advance

  7. Dammit bro you’re content says XXL but your tshirt looks like baby gap? Do you even lift ?? Love you dude! But if you don’t work you needa get jacked!! Lol😅🙏

  8. Amazing video … i wish i had this video in college when i started my first buisness … had to learn the hard way … Thanks Andrei … the videos keep getting better … inspirational for us creators 💯❤️🔥

  9. Is he a school teacher now 😂 this guy is giving kids investment advice and told everyone not to invest in XRP hahaha, what a joke but I still think he’s hysterical!

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