Your 20s are the MOST important time to invest.
Here is exactly how to start!<\/p>\n\n\n\n
WHY START IN YOUR 20s?
The secret weapon: COMPOUND INTEREST<\/p>\n\n\n\n
$200\/month from age 22 to 62 at 10%:
= $1,275,000 at retirement! 💰<\/p>\n\n\n\n
$200\/month from age 32 to 62 at 10%:
= $452,000 at retirement<\/p>\n\n\n\n
Starting 10 years earlier = $800,000 MORE!<\/p>\n\n\n\n
STEP BY STEP BEGINNER GUIDE:<\/p>\n\n\n\n
STEP 1 \u2014 BUILD EMERGENCY FUND FIRST:
\u2192 Save 3-6 months expenses
\u2192 Keep in high yield savings account
\u2192 Then start investing<\/p>\n\n\n\n
STEP 2 \u2014 GET YOUR 401K MATCH:
\u2192 Check if employer matches 401k
\u2192 Always contribute enough to get full match
\u2192 This is FREE money \u2014 never leave it!<\/p>\n\n\n\n
STEP 3 \u2014 OPEN ROTH IRA:
\u2192 Best account for people under 30
\u2192 Tax free growth forever!
\u2192 Contribute up to $7,000 in 2026
\u2192 Open at Fidelity or Vanguard (free)<\/p>\n\n\n\n
STEP 4 \u2014 INVEST IN INDEX FUNDS:
\u2192 Buy S&P 500 index fund
\u2192 Like VOO or FXAIX
\u2192 Beats 90% of professional investors
\u2192 Low fees (0.03%)<\/p>\n\n\n\n
STEP 5 \u2014 AUTOMATE EVERYTHING:
\u2192 Set automatic monthly transfer
\u2192 Never touch it
\u2192 Increase by $50 every 6 months<\/p>\n\n\n\n
BEST APPS FOR BEGINNERS:
\u2192 Fidelity (best overall, free)
\u2192 Vanguard (best index funds)
\u2192 Robinhood (easiest to use)
\u2192 Acorns (rounds up purchases to invest)<\/p>\n\n\n\n
REMEMBER:
Time in market beats timing the market.
Start with $50\/month if that is all you have.
Just START! 💪<\/p>\n","protected":false},"excerpt":{"rendered":"
Your 20s are the MOST important time to invest.Here is exactly how to start! WHY START IN YOUR 20s?The secret weapon: COMPOUND INTEREST $200\/month from age 22 to 62 at 10%:= $1,275,000 at retirement! 💰 $200\/month from age 32 to 62 at 10%:= $452,000 at retirement Starting 10 years earlier = $800,000 MORE! STEP BY … <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-100","post","type-post","status-publish","format-standard","hentry","category-investing","grid-sizer"],"_links":{"self":[{"href":"https:\/\/getrichunder30.com\/index.php?rest_route=\/wp\/v2\/posts\/100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/getrichunder30.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/getrichunder30.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/getrichunder30.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/getrichunder30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100"}],"version-history":[{"count":1,"href":"https:\/\/getrichunder30.com\/index.php?rest_route=\/wp\/v2\/posts\/100\/revisions"}],"predecessor-version":[{"id":101,"href":"https:\/\/getrichunder30.com\/index.php?rest_route=\/wp\/v2\/posts\/100\/revisions\/101"}],"wp:attachment":[{"href":"https:\/\/getrichunder30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/getrichunder30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/getrichunder30.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}