Investing

Investing your money in the stock market, real estate or crypto to build wealth.
146 Pins
·
2w
Roth ira for beginners
#investing #investingforbeginners #investingtips #investing101 #personalfinance
Roth IRA Savings Challenge
Want to become a millionaire? Here's the easiest way: • A Roth IRA lets you save money that grows TAX-FREE forever • The max you can put in is $7,000 per year (for 2024) • That breaks down to: - $585 per month - $135 per week - Just $20 per day Think about this: If you invested $7,000 yearly for 30 years (with a 7% return), you'd have over $1 million tax-free! Here's why Roth IRAs are great: • You pay taxes now (when you're in a lower tax bracket) • The money grows tax-free • You pay NO TAXES when you take it out in retirement • You can take out what you put in anytime with no penalty • It's super easy to open one (Fidelity, Vanguard, or Charles Schwab)
Investing for Beginners
Why This Matters: 1. Time is your best friend in investing 2. Small amounts can grow into big money 3. Regular people can build wealth 4. You don't need to be rich to start 5. You don't need fancy degrees to invest Simple Ways to Start: • Save $50 from each paycheck • Cut one takeout meal per week • Start with index funds Remember: - Never invest money you can't afford to lose - Start small but start now The best time to plant a tree was 20 years ago. The second best time is now. Same goes for investing! Want to start but feeling lost? Here's what to do: 1. Open a basic investment account 2. Learn about index funds 3. Start with any amount 4. Be patient 5. Keep adding regularly Don't wait to invest. Even small amounts can grow into something big. Your future self will thank you!
What Warren Buffett's Latest Strategy Means for Investors
What Warren Buffett's Latest Strategy Means for Investors
This may contain: a black background with an advertisement for the robh ira limit is $ 7, 000
0:04
Roth IRA
3 popular Roth IRA index funds ⬇️ $VOO — exposure to the S&P 500, 500 large-cap U.S. companies $VTI — exposure to the entire U.S. stock market, including both large and small-cap companies $QQQ — exposure to the NASDAQ-100, 100 large-cap and tech-focused companies
Investing
In the late-1990s, Shaq was at the Beverly Hills Hotel in LA when he overheard 2 people talking about a new technology. Turns out they were Google employees. Shaq ended up getting pre-IPO shares in the startup and it remains his best investment ever.
Investing Strategy for Kids
Want to become a millionaire the easy way? 1. Invest $100 a week into an S&P 500 fund. 2. Automate your deposits and let compound interest do its thing. 3. Stick with it for 30 years and you could have over $1,000,000. Want to become a millionaire the easy way? 1. Invest $100 a week into an S&P 500 fund. 2. Automate your deposits and let compound interest do its thing. 3. Stick with it for 30 years and you could have over $1,000,000. 4. And if you do it in a Roth IRA, you’ll pay no capital gains tax on your earnings. It’s really that simple. 4. And if you do it in a Roth IRA, you’ll pay no capital gains tax on your earnings. It’s really that simple.
Investing for Beginners 2024
Investing $100 a week into a Roth IRA and S&P 500 index fund will change your life. You can invest in a Roth IRA at any age, at any income level, and the money will grow tax-free. 10 years from now you’ll be very happy that you started investing. Retirement isn't an age, it's a number in an investment account.
Financial Life Hacks
Finance Basics: Asset = Things that make money Liability = Things that cost money Net worth = Difference between what you own & owe Stock = Ownership in a business Index Fund/ ETF = A group of stocks Dividends = Profits shared with investors Bond = A loan to a business or government Portfolio = Investments you own Budget = Tracks your income/expenses Credit = Money borrowed to pay back Credit score = Number that represents the ability to repay debt
Financial Life Hack
Become a millionaire, the lazy way: 1) Invest $11 a day into a S&P 500 index fund 2) Wait & let compound interest do all the work 3) In 30 years you should have over $1,000,000
Kobe Bryant
Kobe Bryant was an incredible investor. In 2014, he invested $6 million for 10% ownership of a sports drink called Body Armor. 7 years later, Coca-Cola bought Body Armor at an $8 Billion valuation. Kobe's $6 million investment grew to $400 million. For comparison, Kobe made $323 million in his 20-year NBA career.
ROTH IRA
Quick reminder that if you open a Roth IRA at age 18 And invest $500 a month into the S&P 500 until age 65 You’ll only spend $282,000 of your own money But at retirement you’ll have $5.7 Million The Roth IRA contribution limit in 2024 is $7,000 per year That’s $584 per month That’s $134 per week Are you investing in a Roth IRA?