My 7 Steps To Becoming A Serious Investor On A $37,000 Salary | Making it Work

Through weekly video essays, "Making It Work" showcases how *real* people have upgraded their personal or financial lives in some meaningful way. Making your life work for you doesn't mean getting rich just for the sake of it. It means making the most of what you have to build a life you love, both in your present and in your future. And while managing money is a crucial life skill
for everyone, there's no one "right way" to go about it — you have to figure out what works best for *you,* full stop.

Video by Grace Lee

Based on an essay by Meghan Koushik

Read the original essay here:

Video narration by Michelle Silber

The Financial Diet site:

[mysigt_]

I LOVE this editing style. This video could have been about literally anything and I still would have been mesmerized.

[Raetalkss]

THE EDITING IS 100! I wish we had a UK version of this channel! I have learnt so much from this channel but some stuff do not apply because I am based in the UK.

[TheBemused]

Investing wasn’t even a thought when I was a young teenager. That exposure is so important!

I started investing in the same way. 401k & a small brokerage account! -Akeiva

[Maddyu]

Love this video! When my daughter started working (minimum wage), I told her whatever she put in savings, I would match. She loved watching it grow and also learned about the lousy interest rates on bank accounts.

[elizabeth]

No mention of a Roth IRA? If she's contributing more than the amount her employer matches into her 401(k), she should be putting that difference into a Roth IRA instead. With a 401(k) you are limited to the accounts that your employer's plan offers, but in a Roth IRA you can choose the brokerage and the funds you want to invest in.

[Thinesight]

I can testify to everything said in this video. I started my financial journey in earnest last August and my investing strategy is basically everything she described. Sure, my gains are coming in slowly but I'm in for the long haul. Also, to add to what she said, be careful of starting your investments in earnest before your emergency fund is sorted. I started investing last year, and while I'm glad I did, my goal this year to put a pause on that until my emergency fund is sufficiently funded.

[m.s.]

Just an hour ago I asked myself "How can I get into investing?" and this marvelous video pops up! What beautiful timing! Thank you so much!!! <3<3<3

[SherbetSelket]

This is EXACTLY what I needed to know!!! I was so confused on where to start!!! Thank you for giving me a clearer start!!!

[georgesavage]

16, working at McDonalds and saving for minimise my inevitable student debt in case I don't make it onto a degree apprenticeship. So far my savings are just with my bank, so this was really useful :)

[aim-for-greatnz]

WOOOOW THIS VIDEO HIT HOME!!!
so perfect! I'm 31 and this is my situation making less than 30k a year, living in new Jersey.
The crazy part I'm on track to retire by 35 latest 40, my difference I decided to learn about money fully. Did research on real estate did 4 wholesale deals with the funds paid off my worthless college debt thank god!!.😑 (school was a complete waste for me) whatever I had left over found a mentor to teach me how to day trade, then he set me up with a prop account for a least a year.
And this very moment after closing my prop account went straight to Robin hood and applied my knowledge started last September of 2018 and within the end of the year my account was already over 15% its march an I'm already close to 18% total. Since I live a SUPER frugal lifestyle by july of this year I'll have enough I'll have enough saved to buy an investment property, I'll most likely will be living in my parents house🤣 still.

[blackbarbei]

Sooo... this video is amazing and broke terms down in a clear and concise way! The editing is so cute too! I've wanted to learn more about investing and after watching this feel ready to dip my toe in! Thanks so very much 💡💜

[NoraTKD]

Love these kinds of videos, keep them coming!

[SaveMoneyTricks]

This is some serious work. I love the way this video is executed and thought of. Making it work gets it done. If you want to change your financial situation and be better for yourself or your family, you need to make everything work and get to your plan. Such an inspirational video.

[AyodejiA]

Nice way to explain investment with colorful animations. Thanks Chelsea and team.

[MartyD]

What is this company that matches 7%?!

[SlightlySaturated]

Thank you for these videos! But so far, my options have been very limited especially since my country only have one ETF in the market. Basically, everyone either place their money on blue-chip stocks or government retail bonds.

[MichelleCoxPhotography]

Great tips here! I need to start investing this year... Hopefully before the end of 2019!

[unleashingpotential-psycho]

Pennypinching and investing that money is one of the best ways to make a little bit of extra money. 🔥🔥🔥

[hannahhaupers]

After the initial 500 you invest in wealthsimple, is there a minimum amount you have to contribute each month?

[sammyalabamy]

I heard that Bonds should not be in a Roth IRA. So, are bonds better invested in a Tax, or Tax Deferred, or Tax Free? Thanks.