The 8 BEST Ways To Build Wealth In Your 20s

Here is exactly how to build wealth in your 20s, how to invest in 2021, and the best stocks / real estate / index funds to research for the rest of your life - Enjoy! Add me on Instagram: GPStephan

The YouTube Creator Academy:

FIRST: BUILD YOUR CREDIT SCORE
Those 3 numbers will dictate whether or not you get an apartment, are allowed a mortgage, get a car loan, have a low interest rate, or even PASS A JOB APPLICATION. So to do this:
- Go and apply for a free Discover It Secured Credit Card online.
-Sign up for a free credit monitoring website
-Wait 6 months and apply for a second no annual fee card
-Get a Charge Card
-Profit

SECOND: GET AS MUCH JOB EXPERIENCE AS POSSIBLE
I believe that your 20’s are REALLY such a good time to take a LOT of risk, try new careers, be as BUSY as possible, and THEN - see what sticks. Every job is going to give you a different skill set, that you can THEN leverage into your next position…while, each time you try something new, you’re going to learn what you like, what you don’t like, what you’re good at, what you’re BAD at - and, from there - I nearly guarantee you’ll make more money as a result.

THIRD: START A BUSINESS
The best way to make a ton of money and become wealthy, is by starting a business, and have that business be mobile. EVEN IF IT FAILS, or if you make NO MONEY from it - I promise, it’ll be one of the most valuable learning experiences you can get, and it’ll bring you SIGNIFICANTLY more life perspective than someone who has NOT run their own business. It’s something I like everyone should try at least ONCE, and your 20’s is the perfect time to do so.

FOURTH: INVEST EVERYTHING, IMMEDIATELY
THEN…in terms of WHAT to invest in…PERSONALLY…I would invest in equities, which include individual stocks, or a broad index funds likem VFIAX or VTSAX that covers it all. Just buy solid, long term stocks and index funds, and then don’t look at the the prices or sell for 30 years.

FIFTH: LIVE LIKE YOUR BROKE
I’ve said this before, but your 20’s are a free-pass to live like your broke, because no one expects you to have anything, anyway. You can live with your parents, you can live with room mates, you can drive an old car, you can be super cheap, you can live in a less desirable part of town…and NO ONE CARES.

SIXTH: MAKE SURE TO CREATE MULTIPLE STREAMS OF INCOME.
When 65% of millionaires have 3 or MORE sources of income…I would take that Into consideration, and do your best to DIVERSIFY as much as you can.

SEVENTH: STAY AWAY FROM BAD DEBT.
For myself, the ONLY debt I consider acceptable is a low interest rate mortgage, a business loan, or anything that actively makes you more money than what you pay in interest..if your debt doesn’t fall in THAT category, or you don’t absolutely NEED it…get rid of it.

EIGTH: STAY HEATHY
I’ve found that I do my best, most energetic, and productive work when I get a good night of sleep, I eat healthy, and I go to the gym on a regular basis.

My ENTIRE Camera and Recording Equipment:

[NateOBrien]

Next video: How to invest as a toddler

[harrisonkarn]

“Act broke to stay rich” is more true and serious than most people think

[InvestorCenter]

I’m 23 and have a net worth of $275, 000. I remember watching Graham a few years ago when my net worth was 0

[alexdigirolamo]

I absolutely loved that you mentioned the health aspect because not many people touch on the fact that motivation levels actually increase as your lifestyle habits become healthier.

[DollHead.]

1:27 Build your Credit Score
3:57 Get job experience
6:15 Start a business
7:45 Go invest everything
10:43 Live like you're broke
13:03 -Create multiple sources of income
-Stay away from bad debt
-Stay Healthy

[kennyhoang]

Because of your videos Graham, me and my girlfriend started investing in our twenties and now live very frugally. I can't express in words how much you've helped us out!

[ZacharyBuhler]

I love these types of videos you make Graham! It shows all of your viewers how transparent you are with your money. Thanks for sharing!!

[sydnimapu]

i’m 20 years old with absolutely 0 knowledge in finances & real estate. i’ve been terrible at saving. my credit is good could be better. better i’m so pumped and motivated to learn and get better and be knowledgeable!! i’m so excited

[acevisionaire]

Even though I am near 30 this is still helpful information. Living frugally, building credit and starting a business to have multiple streams of income is something I feel like all generations should learn. The responsibility of building one's future to flow into the next generation and learning key components of building character.

[bribri]

Personally I watched this at “perfect timing.” This was the best advice I’ve received in a while. Thank you Graham! I needed this

[AimbotJosephh]

This man is a lifesaver. All of this information for free. Thank you so much Graham!

[Marktinbury]

When you invest you're buying a day you don't have to work

[KateKaden]

Oh if I could only go back to my teens/20’s with the knowledge I have now…🙏❤️🥰🙌

[GBrumble]

I think this is a sign that i should finally open my own auto detailing business. There’s one source of income, stocks is the second, and maybe even start posting detailing videos for a side income. Thanks for the push.

[glamdawling]

I started working when I was 13. At the time, getting a $100 stipend every two weeks was like earning a million dollars. I’m still grateful for that opportunity to work and gain experience at such a young age.

[stockcentralllc]

Thanks Graham for always coming in clutch just when I needed to see something like this you make the perfect video! You're the man!!!

[grantsolomon]

My favorite type of Graham Stephan videos.

[gracegesalan]

Graham is now my financial advisor/life coach/business advisor 💪🏼

[TheLaptopLegend]

Agreed man! The 20s are the time to go all out!!! Still waiting for you to have me on your podcast ;) 🔥

[arigutman]

I can always appreciate your words, Graham! The single biggest mistake I made in my 20s when it comes to investing? Not investing earlier!