INVESTMENTS YOU NEED TO MAKE IN YOUR YOUTH IF YOU WANT TO BE RICH #Best Education Page #Online Earning

what you should have invested in your

20s have you ever asked yourself if you

could be spending your money more wisely

do you sometimes find yourself broke or

close to having no money what if I told

you that there were 8 things you can do

with the little money you have right now

to build a financially stable future

well in today's video I will tell you

eight things you can do with your money

so you can have a prosperous wealthy

future they say your 20's are the most

important years of your life just ask

the 40 and 50 year olds they will tell

you in the stories of how they wish they

had started investing early and spent

their money wiser although everyone

keeps telling you you need to start

saving and start investing where and

what exactly should you invest in while

you're young in today's video we will

solve this problem for you we will give

you seven different investments you

should consider it may not be possible

to invest in all of them but make sure

you evaluate each and every one and pick

at least for the first two we believe

are a must I hope you guys will enjoy

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here so welcome and enjoy the video so

let's begin 1 get a retirement plan you

have to get a retirement plan no

question here's why if you start early

you will get an early jump on retirement

savings and harness the power of

compounding interest in your favor a

years difference in retirement savings

could amount to thousands of dollars so

start today if you haven't already if

you start contributing $500 a month to a

retirement plan with a return of 7% at

the age of 25 you will have about two

million dollars at retirement but let's

say you did not take our advice and

procrastinated for 10 years now you are

35 saving $1,000 a month into a

retirement plan with a return of 7% you

will have about 1,600,000 at retirement

this is 20% less even though the annual

contribution is 50% higher it's clear to

see from our simple example that the

earlier you start the more money you

will have when it comes to compound

interest and the

pounding effect it has on your money

over time time is your greatest

advantage if you want to have more money

in your retirement you have to start

early it's not about how much you put in

you can start with a small amount of

let's say $100 and increase it over time

but if you can start with a lot more by

all means go for it it's not about how

much you put in although a large amount

certainly helps when it comes to

compound interest and the compounding

effect it has on your money time is your

greatest advantage the earlier you start

the more bountiful you will reap just as

the example before showed the other

reason why a retirement plan is so

awesome is you get tax deferrals and who

doesn't want to pay less taxes right tax

deferral benefits are just as magical

but let's say for some reason you opt to

invest the same amount as before so five

hundred dollars a month in a taxable

investment option with a tax marginal

rate of twenty five percent the returns

you get will be lowered to 5.25 percent

so instead of about two million dollars

you would have received with a

retirement plan he will instead receive

about 1 million three hundred thousand

which is about thirty five percent less

the best retirement plans are the 401k

or 403b plans for those who are employed

and the traditional or Roth IRA plans

for those without a plan from their

workplace to invest in yourself I know

you probably didn't think this would be

here but if what rational importance is

having a car with a non functional

engine by investing in yourself we mean

taking care of all factors that affect

you this includes your health in mind

invest in proper health care insurance

and adopt a healthy lifestyle also

continuously take courses to increase

your knowledge and know-how because

let's face it you don't want to be 50

and struggling to study take advantage

of the fact that you're young to study

more enroll for your masters and MBA or

even a PhD and take as many professional

courses within your career path not only

will this boost your knowledge but also

open more opportunities for better

paying jobs or help you manage your

business better if you're an

entrepreneur 3 invest in the S&P 500

index funds growth oriented assets have

the power to boost your net worth

incredibly fast especially when you're

young these funds take advantage of the

power of compounding interest and will

grow your money faster than any other

investment the S&P 500 index has given

investors an average return of 10% from

1926 it is one of the safest

motion awarding investments for example

if you invest $10,000 in certificates of

deposit with an annual return of 2% from

the age of 25 with a plan of retiring at

65 you'd have 20 few thousand dollars at

retirement but by investing the same

amount in the S&P 500 index funds with

an average annual rate of 10% you'd have

four hundred thousand at retirement this

is more than 20 times as much as you

would have received in the CDs option

however please note that the ten percent

return rate on S&P funds is an average

acquired from the last ten years

you may lose twenty percent in one year

and gain 40 percent in the next as the

rates can fluctuate drastically however

when you're young this is a risk you can

afford to take for invest in a real

estate investment trusts also known as

REI tease these trusts are another type

of growth type investments you can't

ignore in your 20s if you can't yet

afford to invest in real estate or buy

property this is a great channel for you

by investing in a real estate investment

trust you are taking the opportunity to

hold a portfolio of commercial real

estate we believe this is a better

option than owning a single real estate

unit because your investment portfolio

will be diversified and invested in

multiple properties within different

regions giving you better security on

your investment it's best to be safe

with your hard-earned money the other

advantage is that you don't need to

invest as much as you would with a

single property all you need is a couple

of thousands of dollars which is not a

lot compared to purchasing a single unit

which would require much larger capital

usually in the five or six figures plus

range also you won't need to actively

manage the investment another great

advantage is this investment type will

give you the advantage of investing in

commercial property which often does

better than residential properties if

you're still not sure if you should

invest here consider the fact that real

estate has been one of the best

performing investments over the past

five decades secondly real estate moves

independently of the stock market so

it's possible for an REI T to provide

continuous positive returns even when

the stock market is not doing so great

five buy a home nothing can give you

more security than having your own house

owning your own house is everyone's

dream and owning your own home is also a

great investment it will not only give

you peace of mind security and a place

to call home during your not so youthful

years but owning a house will let you

build substantial equity over time

also owning a home will give you

leverage you can own a home with down

payments as little as 5% or nothing

depending on which part of the world

you're living in this can give you the

appreciation benefit on a $300,000

property with an out of pocket

investment of as little as $15,000 even

if you simply pay off your mortgage

within 30 years your house will go up in

value and grow to more than the $300,000

you paid for it thanks to the

appreciation factor however as great as

owning a house is buying your home while

young has a downside at a young age you

may not be in a position to settle

within a given geographic location you

may also incur transfers within your

career to other locations however if

this happens you can always rent out

your home or furnish it and lease it on

platforms such as Airbnb buying a home

is an excellent investment while young

however buying a house is a big

financial decision so make sure you're

absolutely certain before buying a house

6 Robo advisors if you've been following

through with this video then you must

have noted when we mentioned investing

in real estate stocks through REI T's

and the S&P 500 index funds these are

great investment options but you may not

be so comfortable dishing out your money

there on your own if that's the case you

could use a Robo advisor Robo advisors

our online automated investment

platforms which will make all the

investment decisions on your behalf this

includes creating a portfolio for you

and managing it accordingly in the

future sounds crazy right but let's face

it not everyone is a Warren Buffett you

may not have all the knowledge needed to

make the right investment choices here's

where Robo advisors come in these

automated platforms will reinvest your

dividends periodically and rebalance

your portfolio and will offer you expert

tax strategies to minimize your taxable

investment revenue to the utmost minimum

all you will need to do is fund your

account and let the robots do all the

work it's hands-off investing at its

best these automated platforms will

typically invest in a mix of bonds and

stocks and at times some are EITS

creating an optimum portfolio 7 debt

repayment what most young people don't

realize just ask the 50 and 60 year olds

is the debt can drag you behind through

your journey in building wealth student

loans are one of the greatest issues

that face people in their 20s and 30s

and according to research an average

student has about $33,000 in college

debt other than this huge debt many

young people also have credit card and

pending car loans I can almost guarantee

debt will reduce your cash flow it will

hinder the amount available to invest

with in a perfect world ideally you

would have no debt but in today's credit

card Laden world with instant loans at

the tap of a button a majority of us

have some form of debt if you currently

have debt you have to create some form

of balance

while it may be easy to make minimum

payments off your loans and throw

everything else into investments this

may not always be the right move doing

so will allow you to take advantage of

compounding from the interest of your

investments but at the same time it may

create an imbalance returns from

investments are not always guaranteed if

you lose 15% of your investments you may

still have to pay off your loans which

could be 4% on your car 6% on student

loans and 20% or more on credit cards

the best way to handle this is to start

clearing off your loans early in life

start with credit cards or any other

loan that may have the highest interest

rate debts can be a burden which you

will definitely want off your back as

soon as possible instead of just making

the minimum payment off your loan make

additional payments to reduce the whole

amount faster in the long run you will

end up saving a lot more money 8 your

network it's not always about money and

now in your 20s you should focus on

building a strong network of people who

can push you to the next level attend

meaningful events join useful clubs

socialize with people and build your

online presence most people don't think

building a network is important but they

don't say your network is your net worth

for no reason do you have a proper

LinkedIn profile these are the simple

things you should be creating you can

easily get a better paying job change

careers identify opportunities or even

get contracts for your business through

your network as you build one ensure you

have a mentor to guide you through in

your 20s you may not be able to invest

in all these options that ago but you

should ensure you pick at least four of

the options we provided a great rule of

thumb to follow is as your income grows

so should the amount you invest building

wealth and investing is best done while

you're still young Warren Buffett even

said he wished he had started investing

earlier and he was 11 when he started

thanks for watching that's all we have

for today let us know which options you

like best from our list

leave a comment the first five will get

a response from us share the video with

your friends and family in their 20s and

finally don't forget to give us a thumbs

up and if you haven't subscribed yet

what are you waiting for hit that

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notifications with that said I'll see

you in the next one

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