How To Get Rich In Your 20s (Realistically)

The YouTube Creator Academy:

HOW TO BUILD WEALTH IN YOUR 20S:

1. Be Careful Who You Listen To
There's a saying that you "should not take advice from someone you wouldn’t trade places with." This will narrow your focus to only the people who have done what you want to do - and chances are, that is the advice you should follow. 

2. Build Your Credit Score
-If you have no credit history - go and apply for a secured credit card. All you need to do is get in the habit of putting a few small, normal charges on this card every month - and then paying it off in full by the time it’s due.
This will help monitor your credit history on a regular basis, for the cost of nothing.
-After 6 months of doing that, open up another free credit card, like the Bank of America cash rewards card, the Wells Fargo Active Cash Card, or a Chase Freedom Card.
-After 12 months, go and apply for your first charge card, like the American Express Gold Card. 
-After 18 months, you should have a credit score above 720-750, which will get you close to getting the lowest interest rates anytime you apply for financing.

3. Get As Much Job Experience As Possible
Your 20’s are SUCH a good time to take risks, try new careers, be as busy as possible, and then - see what sticks. Every job is going to give you a different skillset that you can then leverage into your next position - and, 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, you’ll likely make more money as a result.

4. Pick a scalable business.
If your goal is MONEY, pick a career or a business that isn't dependent on how many hours you work. I think sales is one probably of the most under-rated careers out there, it’s usually a stepping stone to earning a high income, it’ll teach you everything you need to know about time management and customer service, and it could provide the funding for just about anything else you want to do.

5. Earn Multiple Sources Of Income
Working ANY type of side business, that has the potential to grow completely independent from your main job, is not only a good way to make more money - but also, diversify yourself in case something happens to your job and you have nothing to fall back on.

6. Avoid Lifestyle Inflation
This is what happens when you slowly inflate your lifestyle alongside your income. Instead of doing this, save the difference and invest it, long term.

7. Invest Immediately
Studies show that the sooner you invest your money, the higher your returns tend to be - compound interest is the "secret" to building your wealth over decades.

DISCLAIMER: Even by building your credit, reducing your expenses, switching jobs, working a side hustle, avoiding lifestyle inflation, and investing the difference - all of this is easier said than done - and, even if you do everything outlined, it’s still not a guarantee you’ll get rich.

BUT, you’ll have a MUCH higher likelihood of achieving that if you’re dedicated to increasing your income, sacrificing short-term discretionary income for the sake of investing more, pushing yourself outside of your comfort zone, and making it a goal that you HAVE to achieve. 

My ENTIRE Camera and Recording Equipment:

[Tony_Sab]

My biggest regret is not buying real estate in 2008 when I was still learning the alphabet

[Riggsnic_co]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[TechOutAdam]

“Never take advice from someone you wouldn’t trade places with” will forever be words to live by.

[zildian]

As a 40 year old that didn't know these things in my 20's, I approve this message.

[HeloiseManheim]

its kinda crazy how nobodys talking about the forbidden ebook called Secret Pathway to Triumph

[MrMikidude]

Graham:
"Don't worry about making money in your 20s, get experience"
also Graham:
"INVEST EVERYTHING IN THE 20S ITS A RACE"

[TheSaltyAdmiral]

I'm 41 and can't wait to get rich in my 20's.

[mikey]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

[connormccleary]

My biggest regret is not buying 500 bitcoin in 2010 when I was in the 2nd grade

[justaguy]

A family member of mine who's a multi millionaire told me if U start young if U trip up or make a mistake U have time to learn so make sure to start young

[ShaneTL]

If I had a dollar for every time I’ve hit that like button…..

[ayanofficial]

I felt like the whole breakdown, ZRT44H sounded better.. then he says ZRT44H is better 😅 idk still struggling on which to go all in on

[baharudin]

Im DCAing in ZRT44H as well. ETH heavier DCA and ALGO. Im taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!

[maryannsinger]

Saying that one could utilize their social media time to work a side hustle really stuck with me. Thank you so much, Graham! Wonderful and insightful video.

[Coast_to_Coast]

What an awesome video. This was like a summary of all the financial info in one short video!

[TallyWeinbergSpaceFluff]

I’m drawing cars (at 25!) as a full time job because I started at 15. Becoming a full time artist is a massive risk and I’m so glad I didn’t take out student loans to do it

[UsDiYoNa]

Graham is the only one of the young finance youtubers that I still follow, bc I feel like hes the only one who still puts out worthwhile content.

[JF-murk]

Timing is everything. With all do respect, it’s a hell of a lot easier when you live through a decade bull market in literally all asset classes. You work hard, you get rewarded. Not the same story now, biggest thing is understand the system in which we live in.

[colecook]

Hey Graham, just wanted too say i really enjoy and appreciate your content! Ive been watching your videos since i was 18 and following the things you have said. Im now 23 with multiple credit cards, making good money and having a credit score people dream about. Keep up the good work pls!

[FranMariee]

Great tips as always. Always coming through with engaging and informative content.