QUICK GUIDE: INVESTING $100 PER WEEK EXPEDITIOUSLY

by | Sep 3, 2023 | Fidelity IRA | 27 comments

QUICK GUIDE: INVESTING 0 PER WEEK EXPEDITIOUSLY




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Step 1: The first step to investing $100 per week…is to have an extra $100 per week to invest:
The first thing I would do is look at your day to day spending and see if there’s a way you can reduce your overhead by $14 per day. But, for those people who simply can’t cut back any further than they already are…then it’s up to you to make up the difference through a part time job, switching careers, learning a new skill, or doing anything else you can to increase your income. Thinking about investing at this point is NOT going to have as high of an ROI as increasing your income – so finding any extra work should be a priority, until you can get to the point where you have a little left over to consistently save and invest.

Step 2: Make sure you FIRST build up a 3-6 month E-fund.
This is just a “Savings Account” with money that you keep, in cash, to cover 3-6 months worth of your expenses in the event something happens, you lose your job, the money printer stops going BRRRR, and they still can’t agree on a Stimulus Deal…at least you’d have 3-6 months worth of cash on hand to cover your overhead until you get yourself back on your feet.

Step 3: Use $100 per week towards maxing out your Roth IRA.
This is a tax advantaged retirement account that lets you contribute post tax money…meaning taxes have already been taking out of what you earned…and by the time you’re 59.5, all the PROFIT in that account can be accessed completely tax free.

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Step 4: Another Alternative to a Roth IRA is the potential of investing in what’s called a 401k…and, depending on your employer, this one could be EVEN BETTER than the Roth IRA.
This is an account that you invest PRE-TAX money into, and then you’re taxed when you begin withdrawing the money after the age of 59.5. From my perspective, the 401k really only makes sense in a few scenarios:

-The first is when your employer offers what’s called a 401K match…this is when they will match your contribution, dollar-for-dollar, up to a certain amount.

-Secondly, a 401k makes sense if you’re in a REALLY HIGH tax bracket now…and expect to retire on much less, in a LOWER tax bracket ,

Step 5: Use this extra money to pay down any high interest rate debt you have.
Paying down debt is like getting a guaranteed return on your money at whatever interest rate you’re paying – because, otherwise, if you didn’t pay it down – it’s COSTING you whatever the interest rate is.

Step 6: Spend $100 per week investing back in yourself.
Here’s the thing – when you look at the initial ROI of investing $100 per week, in the very beginning, it’s not much. Even if you get an INCREDIBLE 20% return within a year, we’re talking about MAYBE $1000 in profit…well, that could very well PALE in comparison towards what YOU could do for yourself.

Step 7: Invest $100 Per Week in a taxable brokerage account.
By doing this, you’d have access to ALL of your money, anytime you need it, without paying an penalties for cashing out before the age of 59.5…HOWEVER, all profits will be taxed, which is why I recommend you familiarize yourself with the benefits of long term capital gains taxes, and understand which bracket you fall under so you can best understand how much you will owe if you sell.

Step 8: Use this money towards your own business that has the potential to generate even more money.
Similar to investing in yourself, THIS is an area where $100 per week could have an INSANELY high ROI.

Step 9: Hit the like button 🙂

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For business or one-on-one real estate investing/real estate agent consulting 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 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….(read more)


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How to Invest $100 per Week ASAP

Investing is a fantastic way to grow your wealth and secure your financial future. Even if you only have a small amount of money to invest, like $100 per week, you can still make significant strides towards achieving your financial goals. The key lies in being consistent, informed, and strategic. In this article, we will discuss how to invest $100 per week as soon as possible.

1. Define your financial goals:
Before you start investing, it’s crucial to define your financial goals. Are you looking to save for retirement, buy a house, pay off debt, or go on a dream vacation? Knowing what you want to achieve will provide you with clarity and help you make appropriate investment choices.

2. Create an emergency fund:
Before you begin investing, ensure you have an emergency fund in place. Having around three to six months’ worth of expenses set aside will provide you with a safety net in case of unexpected emergencies. This fund should be easily accessible, so consider a high-yield savings account.

3. Pay off high-interest debt:
If you have outstanding debts with high-interest rates, it might be wise to pay them off before investing. This is because the interest on the debts may be higher than the potential returns on your investments. By eliminating high-interest debt, you are essentially earning a guaranteed return on your money.

4. Explore low-cost investment options:
When you only have a small amount to invest, it’s essential to consider low-cost investment options. Look into exchange-traded funds (ETFs) or index funds, which offer broad market exposure at a lower cost compared to actively managed funds. These funds typically have lower expense ratios and are a good starting point for beginner investors.

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5. Take advantage of automated investment platforms:
Robo-advisors are automated investment platforms that can help you invest small amounts of money regularly. These platforms generally have low fees and offer diversification by allocating your investments across different asset classes. They also help you rebalance your portfolio automatically as your investment goals change.

6. Diversify your investments:
Diversification is a crucial strategy when investing. By spreading your money across various assets, such as stocks, bonds, and real estate, you reduce the overall risk of your portfolio. Research different investment options and consider consulting with a financial advisor to ensure you choose a proper diversified mix based on your risk tolerance and financial goals.

7. Be consistent with your contributions:
Consistency is key when investing small amounts of money regularly. Set up automatic transfers from your bank account to your investment account to ensure you invest $100 per week without fail. This practice will help you take advantage of dollar-cost averaging, where you buy more shares when prices are low and fewer shares when prices are high.

8. Educate yourself:
Investing requires a basic understanding of financial markets and investment strategies. Take the time to educate yourself through books, online courses, or by following reputable financial websites. Knowledge is power, and the more informed you are, the better investment decisions you can make.

9. Monitor and review your investments:
Once you have started investing, it’s important to monitor and review your investments periodically. This ensures that your investments are aligned with your financial goals and risk tolerance. Adjust your portfolio as needed, but be mindful of avoiding impulsive decisions based on short-term market fluctuations.

Investing $100 per week may not seem like much, but over time, it can accumulate and potentially provide significant returns. By being consistent, informed, and strategic with your investments, you can pave the way for a secure financial future. Remember, investing is a long-term commitment, so stay patient and stay focused on your goals.

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27 Comments

  1. James Anderson

    I plan on doing $250 a week what's the math on that one

  2. Levi Nathan

    If I had known that BTC will increase in price like it is,I would have sold my house and use it to buy more then.

  3. Trent Otts

    6:57 says a 401K might be even better than a 401K…

  4. Michael Tate

    Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” …

  5. Mamang Telienpa

    This bitcoin soft is really hard to trust because of all of this account manager are fake I lost over $100 ,000 in a few week ago I don't Really know what to do so I can recover my money. please I need a legitimate account manager who can help me trade with my little capital

  6. CosmicGrape44

    “stay far far away from reddit’s wall street bets” little did he know…

  7. Nay

    By telling everyone the secrets you will ruin the stock market and make us rich people broke

  8. Scott Gatman

    If you don't risk, you are not prepared to be successfull.

  9. Taylor Morgan

    40 years wouldn't sound as bad If I lived twice as long

  10. Jackbar

    12:50 “And stay far far away from wallstreetbets”

    Well that didn’t age well

  11. GOOBER GREEN

    What do you invest in your Roth IRA?

  12. jeff ghant

    I save money, I just don't know how to invest. I do have a brokerage account but it isn't worth a damn.

  13. Caesar Santizo

    “Stay far away from WSB.”

    People who made 100Ks off GME: Bet.

  14. Joe Mama

    What’s the difference between investing in an index fund on robinhood vs opening up a vanguard account

  15. Manuela Gomez

    Thanks for this great video it has been helpful to us. Life could be easier if we meet the right people, I have made huge profit by investing with a professional broker Mrs Kramer Rosalina and now am growing financially.

  16. reccer

    @Graham, serious questions: could you convert the 401k to a roth close to retirement. Or if you stick with 401k and are at the age you can cash out just get a job at burger king or walmart as a door greeter and then cash out?

  17. Zachary Creekmore

    That reddit's wallstreetbets comment aged poorly

  18. Catalano

    This is an interesting video but Investing in bitcoin would be very easy if you invest with a professional broker. Invest with a reputable broker like Ms Charlotte Briggs

  19. IAMFOOZY

    Doordash

  20. Zac Bennett

    Can you have both a Roth IRA and traditional 401k?

  21. Johnson Donald

    Investing and trading in the stock market should not be what one should rush into without proper knowledge of what the market is about and how stocks works. Many people have made wrong investment and trading without getting the proper knowledge of what the stock market is, some have lost billions of dollars in the stock market and some are still loosing due to bad investment advice. I was lucky enough not to have lost lost my money in the stock market because I followed the advice of a professional who understands how the stock market works, she gave me the best investment advice ever and also mentor me on the stocks to buy for good return, she equally tutor me on how to trade on the stock market to make good profit.
    Don't be left behind on the stock market, the market is big and every one can profit from it.
    Don't loose your hard earned money to bad investing and trading just because you want to invest and trade in the market.
    Take proper mentorship from a professional today by contacting Expert Mrs Charlotte through whats@App +14782105845, and be rest assured that you will get the best ever.

  22. Henry Ho

    Hi Graham, I have a traditional IRA and will open Roth IRA to invest according to your advice. How much can I contribute to each account for the same tax year?

  23. Igor M

    I have to say I love how people talk about 8% return per year and get to a figure of 1 million. In 40 years that one million would be like a huge salary of $400 dollars in the 1950s. Don't get me wrong, investing is important, but don't make it sound like you'll be able to buy mansions and ferraris with that.

  24. Ken Powell

    did you not move to vegas? betting on red hum?

  25. Molina Jessica

    When talking of vendors Herickcard on telegram he's the real dude on telegram I've ever did deals with in my entire life

  26. Tony A

    THANKS BROTHER

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