In this video, I share the details on how I made $1000 just by paying attention. The money was in a rollover IRA. All this happened on a fairly low income. Stay tuned to hear the details.
TIMESTAMPS
0:00 – How I started the day
0:25 – Here’s the sitch
1:57 – What’s the Money In
2:18 – The Plan
2:37 – Pros & Cons
4:40 – How I made the money
✅ Details ✅
🛒 – My Etsy Shop –
Books that changed my life – 📚
📘 – Started it all –
📗 – Helped me get out of debt –
📙 – Prosperous Heart –
📕- How to build a Fastlane Business –
MY EQUIPMENT📷
💻 – Macbook Air –
🎙 – New Mic! –
🎤 – Wireless Mic –
💞 Products I love and bought with my own money:💞
Clicking on these links takes you to my favorite Amazon items BUT you don’t have to purchase just those things. ANYTHING you choose to buy on Amazon in the next 24 hours will give me a small commission and help me continue to bring you more of the content you love.
👉 – Hair Vitamins –
👉 – Collagen –
👉 – Face Cream –
👉 – Phone Tripod (Best Ever!) –
👉 – Self massage (not that kind) –
👉 – My vacuum –
Psst – If you’d like to support this channel, an easy way to do that is simply click any of the Amazon links in the description when you plan on buying from there. These links give me a small commission for ANY purchase you make on Amazon during the following 24 hours. I so appreciate your support and it helps me to provide more amazing content!…(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Here's how I made OVER $1000 in my sleep… on a low income!
I like your decision it’s really nice you are making moves about your money for retirement. I think you should be putting your money in a Roth IRA in Fidelity and buy dividend paying stocks that pay strong dividend and have a good track record. Dividend aristocrats are stocks that pay dividend for at least 25 years streak and there is a more increíble group call dividend kings stocks that pay dividend for 50 years this strategy is great because you will receive income every 3 months and so this where I invest Fidelity investment and I do dividend paying stocks
Moving my old 401k money to an active account was one of the best money moves I've made as well
Put it in an online bank like ally.
Chase is garbage when it comes to fees.
i just stumbled across your account. I’m gonna do a deep dive and learn! i’m 21, coming from extreme poverty, I’m in my 3rd year to be a brand designer and have 10k in student loans, i’ve been struggling mentally but i’m gonna focus now and get my portfolio ready for when i graduate but is there hope for me to reach this level and beyond? i have a dependent mother but the responsibility is shared between 3 children.
First, congrats. Making money while we sleep is a huge goal! Second, I’m going to say this only because I see you as past this point, and I know how it’s going to come across. However, it’s not meant to sound like it does. I think part of the average person‘s problem is when they think of $5000 in investments, they think that’s a significant amount.
If I was to tell myself that $5000 was significant, I'd never invest because I would be too afraid that value would drop. In the big picture, $5000 is a very small amount in investing unless you're just starting off.
If the average person viewed this as a very small number, it would motivate them to increase and increase! We should never strive to be average, we should always strive to be exceptional!!
Congratulations on your first experience of making $1000 from your investments. Don't be disappointed if the net value goes down again in the short term. It happens, and "the short term" can sometimes be years long, but you're in this for the long run. If you just hold it for long enough, and invest consistently regardless of the day-to-day market activity, you'll be ahead in the long term.
As others have said, I would suggest you go with Vanguard or Fidelity. If and when you do look for properties, it doesn't matter that it's in different accounts, you'll just show the lender the applicable statements.
Hey mate, way to go. I have been watching your channel for a while. I'm you're starting to see an impact. It takes a while until you start too get blown away by the dividends and growth but once you get there it's quite a positive experience
Do not invest at a bank. My suggestion is Vanguard, Schwab, M1 Finance, or Fidelity and do your checking at a credit union.
Vanguard has about the lowest fees on Index funds. I only use Chase to credit card hack to get free travel, lodging and food. Nothing else.
Why not put it into Vanguard? And, don't bank with Chase. Bank with a local Credit Union.
fskax is basically the some thing as vtsax
Stay away from investing with Chase. Had a bad experience and moved my money to a invest in farm.
With Chase you have limited account type, the trading platform is bad, and it’s a
Robo-advisory and services are more
expensive than many competitors. Long term you would be better off with Fidelity.
Whether your account is in Chase or Fidelity, the mortgage lender will consider your funds the same from either bank. You will just show a statement from the other bank in order to verify the funds. I have accounts at several banks & gotten mortgages with numerous different lenders. With that being said, I would probably consider Fidelity due to the lower fees. I have checking & credit card accounts with Chase, but I do not have any investment accounts with them at his time. Hope I understood correctly!
My $.02 – Forget opening a Chase account and keep all your 401k roll over funds together. One, roll it into your current company 401k if you like their investment options. Two, roll it over to a brokerage account – whether Fidelity, Schwab or TD Ameritrade. You will have more investing options, no fees for the account, and no transaction or brokerage fees. They all offer no commission trading. Additionally, Fidelity offers a handful of Zero fee index funds so there will not be any fees associated with owning those funds. Me, I would go with the roll over to an IRA for more investing options. If you need proof of your net worth you can produce a statement to the bank. Your money does not have to be with Chase for that reason.
One last question, is this a step in F.I.R.E.?
Dave Ramsy was saying look for an investment advisor with a heart of a teacher and not of a sales rep.
Keep it forever! It is a little Emergency Account that is growing. It will help you sleep at night. (and then retire)
Monday is a wird that triggers a memory of a snow the product song "no where to go". My Monday was spooky with storms in this new house. How the day is a Money makeing day for you. So far its aMoney spending day for me as I spent $30 on food for a few days.
When you started Fedality, did you have to talk to a person or was it all online?