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| Name | Investing For Beginners: Solid Advice On How To Get Started |
| Video Uploader | Video From Andrew Gitt |
| Upload Date | This Video Uploaded At 25-02-2020 17:45:34 |
| Video Discription | Below is my transcript for Investing For Beginners: Solid Advice On How To Get Started Here are the top 10 rules for starting to invest: Rule number one: Do your legwork, your due diligence. Different investments are good for different people. Don’t just jump into something blindly. I’ll be teaching you about different ways to invest, so don’t just put your money into the first place I suggest. Join me on a journey to learn how to invest and what opportunities work best for you. Rule number two: Don’t delay in getting started on the journey to invest. And don’t procrastinate once you start. The longer money is invested, the more profitable it is. Most people don’t start early enough. It’s never too early to start. It’s never too late either, but the more money you want to make, the earlier you need to begin. In fact, I know high school kids that invest – summer job money can go a long way to wealth down the road if you start early. Rule number three: Decide how much you are starting with. What money do you have as a starting point to invest. Remember that it costs money to make money. You have to have something, even a little bit, to start. Are you able to invest $1000? Less? More? Figure that out first, so you know what options for investing are NOT YET available to you. By the way, speaking of what to figure out, have you figured out how to subscribe to my channel? It’s that little red box right under my video…and to make it really easy and obvious for you, it says the word “subscribe” …all you gotta do is press the button. Rule number four: Make some goals you want to reach. I know, that sounds a little ridiculous. Investing For Beginners After all, your goal is to make money. As much as possible. As fast as possible. And as easily as possible. But if something is so simple, it’s probably too good to be true. So make a realistic goal – one that is feasible and doable. Here are some things to keep in mind: What is your current income, how old are you, what is your family situation, what debts do you have, like a car loan, student loan, home mortgage? Rule number five: Make investing easier for you Here’s how – don’t always be calculating and recalculating how much you can invest. Sit down now and organize your investment capabilities for the next six to twelve months. Make a decision how much you can definitely put aside to invest every month and then try to find initial investments that allow you to do an automated plan, where money goes out of your bank account every month into a plan. Rule number six: Retire well If you are already retired, then this doesn’t apply to you. But for those who are years away from retirement, you definitely want to set up a plan for that. First, you should consider that some retirement accounts can give you tax breaks. Other retirement accounts will charge taxes first, but then when you retire you won’t have to pay taxes on the money. That means you will actually know how much you will have down the road, without having to recalculate to incorporate taxes. And in either scenario, you’ll have money put aside for your retirement, so you can have a comfortable life down the road. Rule number seven: Make sure YOU are making the money There are lots of horror stories of innocent investors who put money into investments that sounded very promising. But it turned out they were controlled by professional financial advisors who earned a hefty dollar on the investment, while the investors ended up getting pennies. Make sure that the money you are putting in, makes real money for you, instead of overpaying financial operators. Rule number eight: Be patient Sometimes investments do better than at other times. Some investments earn less but are steady. Some earn more but fluctuate more also. Remember that something may not do well this week, but that could change in a month. This also means do not stalk your investments. This is not a girl you have a crush on that you want to see all the time. Or a brand new car that you initially always want to keep clean and washed. Or like some new moms who watch their babies every minute so they can tell the world every little act the new baby did. If you try to watch your money every day, it can obsess you in a way that will scare you more than make you happy. You don’t have to know about every little rise or fall. You know the expression, a watched pot never boils? You want to keep tabs on your investments periodically, but remember that you are in for the long haul – this is not an overnight activity. Rule number nine: Diversity Most people recommend diversifying investments, so that not all your money is in one place like the stock market. Another suggestion is to explore investing overseas. That’s a little more learning to do, but they offer different options than America, Investing For Beginners |
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| Tags | investing for beginners | tips on investing for beginners | investing 101 | investing for dummies | what to invest in | best way to invest | investing early | how to invest | how to start investing | investing tips | investing money | investing | money tips | how to invest in stocks | how to invest in real estate | how to make passive income | how to be a millionaire | advice investing for beginners |
