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First: HIGH INTEREST SAVINGS ACCOUNT –
A totally free, high yield savings account is really the FIRST building block you’ll need if you want to begin growing your money and making sound investments. One, make sure the bank has no minimum balance requirements Two, make sure they don’t charge you any monthly maintenance fees .Three, make sure they pay you above a 1% interest rate with no minimums

Second: INVESTING IN A ROTH IRA –
As far as where you can open one of these up…I personally like Vanguard, they’re a great company with a long term track record…but places like Fidelity, or Charles Schwab work really well, too. And whoever you use, just make sure they’ve been around for awhile – they’re reputable – and they have an easy-to-reach customer service team.

Third: INDEX FUNDS –
An index fund is a big basket that holds a whole bunch of companies inside it. The main reason I like this investment so much is because most investors are REALLY bad at picking individual stocks…and an index fund removes that variable from the equation, and because of that, you end up making more money.

Fourth: THE STOCK MARKET
I generally recommend you do this within a Roth IRA to avoid getting taxed on your profit, but that isn’t required. You could just as easily open an account on Webull using the link in the description and get 2 free stocks, and then trade totally commission free and reap some pretty good returns 😉

Fifth: REAL ESTATE –
You can cut down your housing costs ENTIRELY, INVEST in real estate, and save WAY more money at the exact same time…and that’s by doing what I call “House Hacking.” This is where you buy a multi-family home, like a duplex, triplex, or fourplex, then live in one of the units and rent the others out. You could also buy a single family home with a detached guest house, or even buy a house in then rent out the bedrooms. But typically, when done right, those other units will cover the entire cost of owning the building – and all of a sudden, you’ve got a free place to stay.

Sixth: SIDE BUSINESS
A side business in your 20s has the potential to grow completely independently from your main job – and NOW is the time for you to pursue that while you still have the energy to work long hours without feeling burnt out.

Seventh: A GOOD CPA
It’s SO IMPORTANT, as soon as possible, you hire a GOOD accountant who knows what they’re doing, and can best structure your business so that you take advantage of everything that’s available to you.

Eighth: PAY DOWN DEBT –
When you have high interest rate debt…paying DOWN that debt is like getting a guaranteed return on your money at whatever interest rate you’re paying down – if it’s above 5%, it’s usually best to pay that off early.

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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The world of investments is always evolving, and navigating it can often feel overwhelming. However, there are a few tried-and-true investments that are considered favorable regardless of the current economic climate. Whether you’re a seasoned investor or just starting out, here are eight of the best investments to make right now.

1. Stock Market:
Investing in the stock market has been a popular choice for years, and for a good reason. Despite short-term fluctuations, stocks have historically shown promising long-term returns. However, it’s important to do thorough research before investing and diversify your portfolio to mitigate risks.

2. Real Estate:
Real estate investments offer the potential for both steady income and capital appreciation. Property values tend to appreciate over time, and rental income can provide a stable cash flow. Additionally, investing in real estate investment trusts (REITs) allows you to own a fraction of large-scale properties without the hassle of property management.

3. Bonds:
Bonds are considered safer investments compared to stocks due to their fixed income. They are issued by governments or corporations to finance projects or operations. Bonds can provide a regular stream of interest payments and are often less volatile than stocks. However, it’s crucial to evaluate the issuer’s creditworthiness before investing in bonds.

4. Mutual Funds:
Mutual funds pool funds from various investors to invest in a diversified portfolio of stocks, bonds, or other assets. This investment option offers professional management while spreading the risk across different securities. Mutual funds are ideal for those seeking diversification without having to pick individual stocks or bonds.

5. Exchange-Traded Funds (ETFs):
Similar to mutual funds, ETFs offer diversification. However, they trade on stock exchanges like individual shares, providing greater flexibility. ETFs can track broad-market indexes, specific industries, or even commodities, allowing investors to gain exposure to various assets in a single investment.

6. Cryptocurrencies:
Cryptocurrencies, particularly Bitcoin, have gained significant attention in recent years. This digital form of currency operates via blockchain technology and has potential for high returns. However, due to their volatility, investing in cryptocurrencies carries increased risks. It’s essential to thoroughly understand the markets and invest only what you’re willing to lose.

7. Index Funds:
Index funds are passive investments that aim to replicate the performance of a specific market index, such as the S&P 500. They offer low fees and provide exposure to a wide range of stocks, making them an attractive option for those looking for a hands-off investment strategy.

8. Peer-to-Peer Lending:
Peer-to-peer (P2P) lending platforms connect borrowers with individual lenders, eliminating the need for traditional financial institutions. By lending money directly to individuals or small businesses, investors can earn interest rates higher than those offered by banks. However, P2P lending does involve a degree of risk, so it’s crucial to diversify your loans across various borrowers.

As with any investment, it’s important to consider your financial goals, risk tolerance, and time horizon before making any decisions. Consult with a financial advisor if needed, to ensure your investments align with your overall financial plan. Remember, a diversified portfolio is often the key to long-term success.