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| Name | How To Get Rich In Your 20s (Realistically) |
| Video Uploader | Video From Graham Stephan |
| Upload Date | This Video Uploaded At 06-09-2023 21:00:17 |
| Video Discription | Thanks to Printify for sponsoring this video! Get started today and use my link to get 1 month of Printify Premium For Free - http://www.printify.com/graham - Let's talk about the best ways to build wealth and get rich in your 20s - Enjoy! Add me on Instagram: GPStephan PROMOTIONAL OFFER: Get FREE STOCKS when you sign up and make a deposit using my paid affiliate link for WeBull: https://a.webull.com/i/GrahamStephan GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF HOW TO BUILD WEALTH IN YOUR 20S: 1. Be Careful Who You Listen To There's a saying that you "should not take advice from someone you wouldn’t trade places with." This will narrow your focus to only the people who have done what you want to do - and chances are, that is the advice you should follow. 2. Build Your Credit Score -If you have no credit history - go and apply for a secured credit card. All you need to do is get in the habit of putting a few small, normal charges on this card every month - and then paying it off in full by the time it’s due. -Sign up for Credit Monitoring - like CreditKarma.com, CreditSesame.com, or Experian.com This will help monitor your credit history on a regular basis, for the cost of nothing. -After 6 months of doing that, open up another free credit card, like the Bank of America cash rewards card, the Wells Fargo Active Cash Card, or a Chase Freedom Card. -After 12 months, go and apply for your first charge card, like the American Express Gold Card. -After 18 months, you should have a credit score above 720-750, which will get you close to getting the lowest interest rates anytime you apply for financing. 3. Get As Much Job Experience As Possible Your 20’s are SUCH a good time to take risks, try new careers, be as busy as possible, and then - see what sticks. Every job is going to give you a different skillset that you can then leverage into your next position - and, each time you try something new, you’re going to learn what you like, what you don’t like, what you’re good at, what you’re bad at - and from there, you’ll likely make more money as a result. 4. Pick a scalable business. If your goal is MONEY, pick a career or a business that isn't dependent on how many hours you work. I think sales is one probably of the most under-rated careers out there, it’s usually a stepping stone to earning a high income, it’ll teach you everything you need to know about time management and customer service, and it could provide the funding for just about anything else you want to do. 5. Earn Multiple Sources Of Income Working ANY type of side business, that has the potential to grow completely independent from your main job, is not only a good way to make more money - but also, diversify yourself in case something happens to your job and you have nothing to fall back on. 6. Avoid Lifestyle Inflation This is what happens when you slowly inflate your lifestyle alongside your income. Instead of doing this, save the difference and invest it, long term. 7. Invest Immediately Studies show that the sooner you invest your money, the higher your returns tend to be - compound interest is the "secret" to building your wealth over decades. DISCLAIMER: Even by building your credit, reducing your expenses, switching jobs, working a side hustle, avoiding lifestyle inflation, and investing the difference - all of this is easier said than done - and, even if you do everything outlined, it’s still not a guarantee you’ll get rich. BUT, you’ll have a MUCH higher likelihood of achieving that if you’re dedicated to increasing your income, sacrificing short-term discretionary income for the sake of investing more, pushing yourself outside of your comfort zone, and making it a goal that you HAVE to achieve. My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB For business inquiries, you can reach me at grahamstephanbusiness@gmail.com *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan receives cash compensation from Public for sponsored advertising materials. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/ [TuifvyBBmsg] |
| Category | Education |
| Tags | investing | investing for beginners | investing in your 20s | how to invest | how to invest in real estate | how to invest in stocks | stock market investing | stock market investing for beginners | stock options | robinhood | robinhood app | best stock trading app | how to be a millionaire | how to be a millionaire in 3 years | credit score | credit score explained | credit card | credit cards for beginners | passive income | how to build wealth | how to build wealth in your 20s | real estate 101 |
