The REALISTIC Millionaire Investing Advice In Your 20s

After just turning 30 years old, here is my advice about how to invest in your 20s and everything you can do to begin growing your wealth - Enjoy! Add me on Instagram: GPStephan

The YouTube Creator Academy:

My ENTIRE Camera and Recording Equipment:

FIRST: STAY OUT OF STUDENT LOAN DEBT
Unless someone has a clear career path they want to pursue, where a certain college is a REQUIREMENT to get there…it’s usually best to go an inexpensive community college first, save the money, and then figure out what you want to do from there.

SECOND: GET A JOB
I think it’ll be one of the best experiences you can get, and I have to say…there is a difference in the type of person who has work experience, versus the person who has none.

THIRD: STAY OUT OF CONSUMER DEBT
This means that you don’t go and rack up a whole bunch of credit card debt to buy stuff you don’t need, don’t go and finance an expensive car, don’t go ballin’ out to impress your friends with how much money you have…all of that is stupid, it’s reckless, and 10 years from now…I guarantee you’ll nearly regret all of it.

FOURTH: BUILD YOUR CREDIT SCORE
All you need to do to get started is open up a secured credit card with a $200 limit, put a few expenses on the card every month, and then pay it off in full. You’ll pay $0 in interest, you’ll build your credit history, and over time, and you can continue adding in new credit cards to the mix.

FIFTH: LIVE BELOW YOUR MEANS
I’ve found that the older you get - the less “socially acceptable” it is to live like a broke college student, and the less you WANT to live like a broke college student. So, now is your chance to get away with doing all the cheap and frugal things you’ve always wanted to do, before people call you weird for doing them.

SIXTH: TRACK YOUR SPENDING

SEVENTH: TAKE UNCOMFORTABLE RISKS:
I’ve really found that the WORST place you could be in your 20s…is COMPLACENT. If you’re satisfied where you are right now, but you know - deep down - you aren’t living up to your full potential - the ONLY way to break free from that is to get used to putting yourself under pressure. You HAVE to start making uncomfortable choices and taking calculated risk to get yourself ahead, even if it isn’t the EASY decision to do.

INVESTING FROM THRE:
-Open up a RETIREMENT ACCOUNT. This is just an account that you can invest within that saves you money on your taxes…for example, some of these accounts allow you to use them as a tax write off, and others allow all of your profit to grow tax free…just depends on which ones you want to use.

Roth IRA: $6000 Per Year Post Tax Money
Traditional 401k: $18,000+ Per Year Pre-Tax Money
HSA / Health Savings Account: $3500 Per Year Pre-Tax Money

Look into the 3-fund portfolio, and this gives you the ULTIMATE diversification across everything…so, you’re basically just investing in the entire world in the long run - and even if one or two industries goes down, plenty of others will be there to pick up the pace.

Now, in terms of any other investment specifics, just remember this really easy saying: time in the market beats timing the market. That’s it.

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[DarkandTwisted]

"You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday."

[jordanxgraham]

I spent my 20’s making every mistake in the book. Accumulated student loan debt (never graduated), ruined my credit with accounts in collections (500 credit score at one point), was homeless and sleeping in my car because of my partying habits.

I just turned 30 last week and now I can proudly say that my life is on track. I’ve paid off all my debt, have a nice savings, turned my credit around (720+) and am purchasing my first investment property this year. I really owe the changes to podcasts, books, and videos like these! Thanks Graham 🙏🏼 “Life begins at the end of your comfort zone.”

[arefinlabib]

you know he's rich when you see him wearing a plain grey tee

[LuKiSCraft]

"If your debt isn't making you more money, don't do it." Pretty simple concept that far too many people miss.

[TysonSpain]

Me appreciating the extra Zero in my bank account:

My bank account: $0.000

[thomasc]

About 20 now, I’ll be back in 10yrs if this site is still around and let you know how I did. See ya then Graham

[Youbeentagged]

That one quote made my day

"10 years from now you won't remember the expensive shoes you bought, but you will love looking at the extra zero in your bank account"

[wedsonolivia]

The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the Government to bring in money or depend on your pension. Diversification is Key!

[justified]

"Get used to taking risk". Aight wallstreet bets here i come....

[stponyt]

just turned 18, got 600 in my roth and 2k in my other investment portfolio and a 700 credit score. we starting young and smart :)

[kungfumaster]

I’ve bought literally everything for the last four years on a credit card and have never missed a payment. I’m now 24 with a credit score of over 800! Building credit early is key!

[graywilliams_.]

The best investment one can do right now is investment trading though stocks are good but ever since I swapped to investment in stock, I've seen so much difference

[DSmith]

I failed almost every point you made. This happened in my early 20s: Paid through college with loans, got into consumer debt, destroyed my credit score, lived above my wage, and never tracked my spending. Almost 30 now and still cleaning up the mess made by my 21 year old self. Wish I could go back in time and hit myself on the head with a frying pan.

[stevensessions]

"Live as if you are making 30, 000 a year" bruh I make under that per year

[dotRALF]

0:01 Well for me, the most transformative years in my entire life was 0-3 years old. I was learning like crazy

[VictoriaWhitlock]

Graham: *has a net worth of 6 million at 30*
Also Graham: I wish I could go back in time to tell myself how to propel further ahead

[giovanni]

“As a real estate agent” MUST be the most used sentence in all your videos😂 Love from Italy!

[AlexBeckersChannel]

Youtubes #1 Realistic Reasonable Business Advice Guy. Very Woke!

[cookiebabe]

Thank you graham for all the free advice you give us from your channel! I see so many people around my age make bad financial decisions (myself included) and it’s nice to have someone who understands help us.

[martingalvan]

love how this guy talks with his hands. sometimes people over-do the hand gestures, but this guy makes it look so natural and cool