The 6 MOST Important Bank Account You Need By 30!

#bankaccount #wealth

These are 6 types of bank accounts everyone should have opened by age 30.

0:00 Intro
0:36 Account 1
3:35 Account 2
7:21 Account 3
10:15 Account 4
12:01 Account 5
15:17 Account 6

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[mcdonnellssymbiote]

this video should mandatory, played for every public high school student graduating in the USA.

[danieljones]

You just summed up everything I’ve learned from investing books in the last 6 months in this single video.

[martinb]

One of the best high level financial summaries I've seen yet.

[Sumocat]

Im 23 yo from Malaysia, studied and now working in the uk. No one ever taught me about finance, this is gold and i really appreciate this! I have a dedicated notebook with me every time i watch finance related videos to take down notes and learn. Thank you John! love your videos 🌸🫶🏻

[VMYeahVN]

5 out of 6 at 33. Pretty good i think. Only one i don't have is employer matched account like a 401k. The industry i work in, it's not common for any job to offer them unless you're union. Which is a small percentage of the jobs in my industry. So 5 out of 6 is basically all i can do unless i get lucky lol.

[kaoryr]

Your video is awesome and very informative! I'm surprised you don't have more comments. Thank you for sharing this great content!

[diegomontero]

I’m 21 and only missing the 401k, I think I’m doing good for now

[AustinCDennis]

Turning 29 this year and sure glad I saw this video. Roth IRA and brokerage account are what I haven't done. I barely opened a HYSA a few months ago.

I gotta understand investing.

[jotusmas]

Unfortunately I got all this started at 30, but now I am set up!

[kahuhipajae]

Another great advice video, sent to my kids. Thanks

[baconator-the-destroyer]

Thank you soo much for these videos! i was 17 when i started watchiung and i begged my mom to put me on her credit card. Im 18 now with a 710-740 credit score because of her card. I instantly got approved for my first card with a 2000 limit. i wouldnt have asked if it werent for your videos

[Anna-wdox]

Could you please do a video on what/how to get into investing? Like what’s a good place to start? Do you just pick these businesses you think will do well or is there something else to it? Are there certain investors who will choose for you or at least guide you into stocks that are semi reliable vs it being all chance? I really want to get into it but I have no idea how to go about it 😅

[MobileMasterTech]

I had to give myself a pat on the back. I actually have all 6 at 35 years old

[alxzzGG]

I've got all four of these already except for the 401K and brokerage account. I'm 18 so this really helps!

[dlinsanity]

blessed to have all open by age 25 and that's on being financially literate in this insanely inflated economy

[walkermorales]

There are times where a debit card can make sense. A regional grocery chain near me only accepts debit cards and checks. For an added layer of security I have a separate checking account (discover to get cash back) that I transfer money into as needed for groceries. Some of their sales makes some of their things about half the price of similar items at other locations. Like watermelon for a little over 20 cents per pound, or chicken breasts on sale for less than $2 per pound. The savings more than makes up for the lack of cash back or rewards points imo.

[La.aviator]

Kinda proud of myself for having all 6 and im only 19

[Jarevonum]

I am about to turn 20 and I am about to enter my sophomore year of college. I have a checking account, and a savings account (I don't think its a high yield) with my local bank when I got my first job. I got a credit card so I can buy a car with little to no interests and less monthly payments. The Credit Card is a Discover Student card that gives me a 500-dollar credit limit and I barely use a 100 of it every month. How does that sound financially? I don't have an investment account, a Roth IRA or a retirement fund. My emergency fund is my graduation money I got from friends and family when I graduated High School.

[taekwondodude]

Thoughts on bank accounts with service fees that are easily waived? I have a checking account through Chase and the $5 monthly fee is waived so long as you receive more than $250 in direct deposits per month. Should I consider other banks or is this reasonable given that I'm making substantially more than that?

Edit: I own my own side business (registered as an LLC but small operation without facilities) and I am not paid via direct deposit from my own business. However, my day job still leaves me with well over $250 per month. I don't see myself quitting my day job for at least another year, if not longer.

[Exbackzack]

I’m shocked you have no videos at all on acorns investing. The checking pays 3% apy and savings 5% apy it also has many investing and saving features like round up.