alright guys today we're gonna talk
about Monday Kevin how do I start
investing Kevin is investing only for
rich people well in this video I'm gonna
be showing you how you can actually
invest your money and watch your money
make more money Monday and the best part
don't need any experience because I'm
gonna tell you the best three lowest
risk ways to start growing your money
even if you have a legitimately no idea
what you're doing because I get
questions every single day about
investing Kevin where should I invest my
money what should I do with this and the
sad truth is in today's day and age
schools don't teach you about the
important stuff like investing money or
they teach you about things that you're
never gonna use the rest of your life
like calculus or geometric proofs but
today we're gonna talk about how to
actually invest your first dollars to
watch them grow for the rest of your
life so the assumption is that you have
been able to save $1,000 I remember my
first job ever I was a lifeguard over
two summers I saved $1,000 and I was 14
15 years old so I can save $1,000 at age
14 then so can you and if you can't then
take a look at some of my other videos
take a look at my how to make money
online playlist and once you save your
first thousand dollars come right back
to this video because in this video
we're gonna make the assumption that you
have your first thousand dollars saved
and you are ready to invest it so
investment strategy number three is a
high-yield savings account basically
what this is is a place that you can put
your money where you earn an
above-average return on it and what I
mean by that is there are online banks
the one that I like and recommend is
called allied bank I mean when you put
your money in that account you can earn
2% interest and so the bank will
literally pay you 2% just to store your
money there it is literally zero risk
and when you compare it to a traditional
bank like Chase or Bank of America they
pay you basically is 0% to actually
store your money but these online banks
that don't have huge infrastructures and
have a bunch of physical locations can
pay you a significantly higher percent
so people that store their money in a
lie Bank have zero risk and can earn a
2% annual return on their money making
completely free money with legitimately
no downside investing strategy number
two is what's called a Roth IRA what a
Roth IRA is is it allows you to actually
invest into it you know over and over
again it tax-free and then once you hit
fifty nine and a half years old that
money will have built and built and
would have been compound interest and
you would have made a significant actual
increase in your investment and once you
hit 59 and a half you're actually
allowed to take out your profits
tax-free this is the truest way of
actually getting completely free money
which is something that's very very rare
on earth a Roth IRA for people who don't
know you know you can do a quick Google
search but basically what it is is a
retirement account right so you can just
invest money into it and watch that
money grow in and by the time you reach
59 and a half years young you're able to
take that money out and actually enjoy
it completely free of tax so it's one of
the best ways that you can invest money
and take that money out without having
to give a significant portion to Uncle
Sam and to the government in the form of
taxes and I already know that people are
gonna ask me Kevin but what if I have an
emergency and I need that money before I
hit 59 and a half years old well the
problem is you aren't allowed to pull it
out but if you absolutely have to you
can pay the penalty fees associated with
pulling that money out but it's not
something that I recommend a Roth IRA is
really designed for investing that money
knowing that you're not going to touch
it until you are around the retirement
age and then you can pull it out once it
has grown substantially and I know some
of you are probably thinking about Kevin
what about that 8% in juicy investment
opportunity and that brings us to an
investment strategy in number one which
is investing in the stock market but the
problem is with investing in the stock
market is you have to actually know what
you're doing and the problem with that
is that even people who do know exactly
what they're doing still lose money
every single day day trading because now
there's incredibly advanced algorithms
and BOTS and all of these different
supercomputers who are trading into the
market at you know fractions of a second
and all the things like that and am I
saying that it's impossible to make
money on the stock market day trading no
absolutely not but for the common person
it doesn't make feasible sense to try to
beat the market the best strategy to use
trust me I've gone through all of them
I've done extensive research here the
best strategy to try to earn that
delicious 8% return is just investing in
what is called an index fund an index
fund is basically a collection that is
meant to actually mimic of the overall
market and what I mean by that is for
example the S&P 500 has 500 you know
large companies in it and an index fund
would simulate the overall movement of
that collection of companies and so what
that does
if the market as a whole is actually
increasing in the economy is decreasing
then you make money in the form of gains
on that index fund with literally no
research all you have to do is just buy
a cheap index fund the one that I
recommend is Vanguard because it has
incredibly low fees r.i.p to the
Vanguard founder who actually recently
just died but I have you know made a
significant amount of money just
literally investing in index funds and
forgetting about it it's one of the best
possible ways that you can make money on
the stock market and make a significant
return on your money with the least
amount of actual fees and work and if
you're actually still here on this video
then first of all I love you thank you
for supporting the family but I'm
actually going to give you my real true
number one strategy for investment
because those three strategies are
amazing but the actual best strategy in
the world I'm about to reveal in just a
few seconds but if you haven't already
make sure that you tap the like button
hit that little red subscribe button
turn on notification bells and leave me
a comment down below letting me know
what your best ever investment was I
want to know what your best ever
investment was and I'll let you know
what mine was and so the actual true
number one best strategy for investing
is investing in yourself and I know that
sounds like a cliche but it's actually
true I've invested in Bitcoin
cryptocurrency real estate stocks bonds
everything that you can basically think
of I've invested in and I've made money
on some I've lost money on some but the
thing is none of that comes anywhere
close to investing in myself every
second that I invested in my own
learning every second that I invested in
myself in my own businesses has paid off
exponentially thousands of percent ROI
compared to you know eight percent in an
index fund two percent in a high-yield
savings account you know a Roth IRA none
of that stuff comes close so the my
number one piece of advice when it comes
to investing your first thousand dollars
or your first hundred thousand or your
first dollar is invest in your own
education invest in yourself invest in
actually increasing your value to the
market and I promise you that will be
the best ever return on an investment
that you'll have in your life and so I
hope you guys enjoyed this video and if
you did make sure you leave a comment
down below let me know your favorite
investment you've ever had in your life
and until
next time happy hustling
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