Personal Finance for BEGINNERS in 2020 | Financial Planning & Budgeting
In this video, we talk about the steps that you NEED to take today in order to achieve the life you want to have tomorrow. INVESTING FOR BEGINNERS VIDEO: https://youtu.be/NLwhYPKElmg It probably seems impossible to reach financial freedom, but I am here to tell you that it is possible, but you just have to take the first step. Wherever you are on the journey to financial freedom, you don’t need to look at the whole journey. Just focus on the very next step, because if you just keep walking, at some point, you will get there. Follow Us on Instagram: https://www.instagram.com/makingcentsoffinance Join My Community on Facebook: https://www.facebook.com/groups/885637951783480/ Check Out Our Website: https://www.makingcentsoffinance.com/ DISCLAIMER: Making Cents of Finance and all of the content I produce is purely for education and entertainment purposes only. I am NOT a licensed financial professional NOR am I a licensed financial advisor. Therefore, I do NOT provide any financial or investment advice. You are responsible for your own money and your decisions. Please consult a CPA, Financial Advisor, or Investment Advisor for professional advice.⠀
How To: INVEST in Stocks | Investing for BEGINNERS in 2020!
In this video, we talk about everything you NEED to know to get started investing as a beginner. CHECK OUT MORE FROM US: Instagram: https://www.instagram.com/makingcentsoffinance My Private Group: https://www.facebook.com/groups/885637951783480/ If you guys are beginners in regard to investing, that is totally fine. You just need to take the time to learn. While there is a multitude of things you could learn, it is best that you start with the basics, and that is what I outline in this video. However, this video is NOT everything that you need to know to become a successful investor. It is just merely what you need to know to get started. If you are looking for some more to learn, I have a playlist on my channel called "Investing Simplified" where I talk about everything from investing strategies to important things you will need to know as an investor. AGAIN, if you have any questions, make sure to comment them down below because I will respond to it. Have a great day and keep making "cents" of finance! 🤑
10 Financial TIPS You Need Follow! (Personal Finance & Investing Tips)
In this video, we discuss the 10 steps you need to take when growing your wealth! Join Our Community of 200K+ Today: https://www.instagram.com/makingcentsoffinance Ask Your Finance & Investing Questions HERE: https://www.facebook.com/groups/885637951783480/ FINANCE TIP #1 – HAVE FINANCIAL GOALS It is extremely difficult to hit a target you cannot see. Likewise, it’s almost impossible to become financially wealthy without having goals of the wealth you want to achieve. FINANCE TIP #2 – HAVE A PLAN While becoming a millionaire is a great goal, you will not reach that goal without a plan. You need to think about how you are going to accomplish that goal and take the steps necessary to achieve it. FINANCE TIP #3 – STICK TO A BUDGET A budget is a great way to start planning. You have to know where your money is going. Using a budget is a great way to track your spending and not overspend on certain items. FINANCIAL TIP #4 – BUILD AN EMERGENCY FUND An emergency fund is simply some money you save for when unexpected tragedies happen such as losing a job or your car breaking down. This money will be there to help you get through tough times. FINANCE TIP #5 – STAY OUT OF CREDIT CARD DEBT On this one, I am not saying credit cards are evil. However, it is extremely important to stay out of credit card debt. By not paying off your bill at the end of the month, you will be charged through the roof with high-interest rates. FINANCE TIP #6 – SAVE BEFORE YOU SPEND Every month, you need to set aside a portion of your income to save. Maybe its 5% or 25%, whatever it is, just make sure to stick to it and put that money into savings as soon as you receive it. This money is for your future, not for right now. FINANCE TIP #7 – START INVESTING FOR RETIREMENT There is no better time to start investing for retirement than right now. While the investing strategy will be different on a case to case basis, you should start contributing money into a retirement account such as an IRA. FINANCE TIP #8 – USE YOUR 401K MATCH Now, I understand not everyone has a 401K; however, if you are lucky enough to have one that matches contributions, you need matching up to that limit every year. FINANCE TIP #9 – EDUCATE YOURSELF If you want to become smart with your money, you have to take the time to learn about the various aspects of personal finance and investing. Education can come in many different forms. It could be from channels like mine to reading books about investing. With this said, please do not fall for the get rich quick schemes such as trading forex, bitcoin or ever multi-level marketing schemes. They will often hurt your situation more than help. Look for real, honest education. FINANCE TIP #10 – CHECK YOUR PROGRESS This does not mean to check your investments daily, that would get a little taxing. However, you should check on your progress every once in a while, to make sure you're still on track to hit your financial goals. If you aren’t on track, that’s completely fine, just rethink what steps you might have to take to get back on track.
THIS IS WHY YOU ARE BROKE | Keeping Up With The Joneses RANT!
This is really why I think most people are not attaining the wealth they desire. It is this constant need to buy more and more useless things. You need to understand that anything great in life is going to take to things. First, it is going to take sacrifice. You need to know that if you want to be in the 1%, YOU have to work harder than 99%, and that includes doing what the other 99% doesn't want to do. The second thing it takes is time. You have to realize that almost all get rich quick schemes are scams that will take you further away from wealth, not closer. They are just selling you dreams, not logic. If you want to become rich, delay your gratification now to live the life you desire in the future! INSTAGRAM: https://www.instagram.com/makingcentsoffinance MY PRIVATE GROUP: https://www.facebook.com/groups/885637951783480/
15 Year Mortgage VS. 30 Year Mortgage | Which Is The Better Option For You?
I made this video to give my own thoughts on a similar video that Graham Stephen made on the same subject! While I do agree with Graham that the 30 year mortgage is better for most people, I do think that the numbers aren't all that matter. In this video, I outline how the 30 year mortgage is better than the 15 year mortgage just based on simple math. After taking you through all of this, I do show you some reasons why you might not want to get the 30 year mortgage. 1. High Interest Rates 2. Risk Adverse Person 3. Lack of Discipline Well with all that said, I hope that you enjoy the video! Also, make sure to follow me on the links below and make sure to join my private group! INSTAGRAM: https://www.instagram.com/makingcentsoffinance/ MY PRIVATE GROUP: https://discord.gg/ajCEPXn
I JUST GOT MY FIRST CREDIT CARD! | Benefits Of Getting A Credit Card At A Young Age!
Today, I just describe the discover it credit card I just recently received. I also explain deeper my thoughts on credit cards, and I explain why they can be good if you use them correctly. Make sure to like the video and subscribe what you most got from the video! Thank you so much for watching!
How To INVEST $100 In 2020! (4 Investing Strategies)
Today, I talk about the 4 best investments that you can make in 2020. Even though this video is made in 2020, that does not mean that these investments will not hold true in future years. Thank you so much for taking your time listening to this video! I hope you enjoy the video! Start Investing Through Vanguard Today: https://investor.vanguard.com/corpora... Disclaimer: I am not a financial advisor, so please review all of this advice with your CFP or financial advisor first. Check Out Our Blog: https://www.makingcentsoffinance.com Follow Us On Instagram: https://www.instagram.com/makingcents... Join My Finance Group: https://discord.gg/GU8TAc8 Follow Us On Twitter: https://twitter.com/CentsofFinance
How Investing $16 A Day Can Make You A MILLIONAIRE | Index Fund Investing Through IRA's
Here is a video giving you a simple investment strategy to make you a MILLIONAIRE before you retire. I have no affiliation with Vanguard, and I only recommend their funds because of their great low-cost index funds. If you would like to sign up for an IRA and start investing into these index funds, I will leave the link below. Start Investing Through Vanguard Today: https://investor.vanguard.com/corporate-portal/ Disclaimer: I am not a financial advisor, so please review all of this advice with your CFP or financial advisor first. Check Out Our Blog: https://www.makingcentsoffinance.com Follow Us On Instagram: https://www.instagram.com/makingcentsoffinance/ Join My Finance Group: https://discord.gg/GU8TAc8 Follow Us On Twitter: https://twitter.com/CentsofFinance