How To Invest $500 Per Month

Lets discuss how to invest $500 per month, and the best places you can invest your money to build wealth - enjoy! Add me on Instagram: GPStephan
The KZbin Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on KZbin, rank videos on the front page of searches, grow your following, and turn that into another income source: bit.ly/2STxofv $100 OFF WITH CODE 100OFF
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): act.webull.com...
Merch: www.GrahamSteph...
My ENTIRE Camera and Recording Equipment:
www.amazon.com...
FIRST: Build up a 3-6 month emergency fund.
Having a 3-6 month emergency fund means you won’t have to rely on credit cards to pay your way through an event, you won’t have to sell stocks or other investments to pay for it, and you won’t have to take on high interest debt anytime something happens.
SECOND: Roth IRA
This is a tax advantaged retirement account that lets you contribute post tax money…meaning taxes have already been taking out of what you earned…and by the time you’re 59.5, all the PROFIT in that account can be accessed completely tax free.
THIRD: Traditional 401k
This is an account that you invest PRE-TAX money into, and then you’re taxed when you begin withdrawing the money after the age of 59.5. For example, if you invest $500 per month into a 401K, you’ll be taxed as though you make $500 per month LESS on your paycheck. That saves you money upfront, allowing you to invest MORE money than you’d have left over AFTER paying taxes.
From my perspective, the 401k really only makes sense in a few scenarios:
The first is when your employer offers what’s called a 401K match…this is when they will match your contribution, dollar-for-dollar, up to a certain amount. Essentially, this means you’re doubling your money immediately with zero risk whatsoever.
Secondly, a 401k makes sense if you’re in a HIGH tax bracket now…and expect to retire on much less, in a LOWER tax bracket. The variable here is if you end up making more money in retirement, then you’ll pay more in taxes LATER than you would have just paid now. And, if the tax rates go UP in retirement…then you might also pay more.
FOURTH: Paying down any high interest rate debt you have.
If you invest your money, on average, you’d likely expect about a 6-12% return in a broad index fund…and to do that, you’re taking on some risk that there will be years where you LOSE money. On the other hand, paying down debt is like getting a guaranteed return on your money at whatever interest rate you’re paying.
So paying off a 15% interest credit card balance is like getting an immediate, guaranteed 15% return on your money. Same applies to ANY outstanding loan you have. My basic rule of thumb is this: If you’re paying above a 4.5% interest rate on your money, it’s probably best just to pay it off, because you’re getting ABOUT what an investment would generate after taxes. So there’s no downside.
FIFTH: Invest in yourself
When we look at the ROI of investing $500 per month, in the very beginning, it’s not much. Even at a 10% return within a year, we’re talking about a few hundred dollars. The BEST ROI, however, comes from none other than yourself. YOU have the ability to make a few hundred dollars IN A DAY with the proper education or certification, and especially when your young, making more money can set you up on a completely new trajectory in terms of building wealth.
SIXTH: A taxable account
By doing this, you can invest $500 per month into individual stocks or index funds you find interesting…you can basically just invest your money normally, without any retirement benefits later on. BUT, by doing this, you’d have access to ALL of your money, anytime you need it, without paying an penalties for cashing out before the age of 59.5
SEVENTH: Start a business
That might be enough to buy some basic equipment to get going, it might be enough to get a website built and order inventory, it might be enough to start up a small agency that you can run remotely, it could be enough to even just buy some landscaping equipment and start mowing lawns. The possibilities are basically limitless.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [e-mail]

[@raychristopher7797]

There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!

[@harrisonjamie794]

If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life

[@raychristopher7797]

@@harrisonjamie794 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight

[@harrisonjamie794]

@@raychristopher7797 I began with a fiduciary portfolio advisor by the name *PRISCILLA DIANE AIVAZIAN* . She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.

[@raychristopher7797]

@@harrisonjamie794 Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.

[@harrisonjamie794]

@@raychristopher7797 *PRISCILLA DIANE AIVAZIAN* really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her

[@MsPoliteRants]

Step one: Have an extra $500 a month to invest 😂😭😭😭😭

[@MsPoliteRants]

edgymemefrog 😂😂

[@iParty501]

@@memefeed2147 impossible to make more when the minimum salary is $500 and the best you can get is $1000 (education required)

[@KimJongUn-cp7vw]

Try doing Uber or Postmates

[@sten260]

if you don't have 500 bucks left over each month you shouldn't even worry about investing, find a decent job first

[@racheljackson6253]

Budget!

[@krouzu8577]

Can't pay off debt if Graham taught you early in life how not to have any 😎

[@eliakaiser1290]

I Can relate hahaha

[@thriftsndreams6809]

BEASTY comment!

[@LordCruse]

😈😈

[@shimy6461]

Who is going to take his place when we are old and gray

[@M0rdFustang]

😎😎😎

[@dlcmiamiinc]

How to invest $500 a month? Instead of buying Starbucks, make .20 cent iced coffee

[@veryhung9340]

or not buy coffee at all. and dont drink it

[@ronthemogul]

hi sorrybadenglish blasphemy

[@dietcookies5084]

People think they need it once they start drinking it

[@neitherlink6612]

thesmoothone coffee is not good for your health nor a necessity.

[@Luka-cu8ep]

Literally started doing that and found I make 10 times better coffe than starbucks

[@TamNguyen811]

Step 1. Pay all debts. From small to big, high interest rate to low interest rate. Step 2. Build emergency fund of 3-6months of expenses. The money need to be easy to be liquidated and earn at least 2% interest. Step 3. Invest in 401k to reduce gross income lower tax income and lower tax. In case of Employer Match, go for it! Step 4 Max out ROT IRA (retirement account) Step 5. Invest in yourself. Education and certification. Example: Real estate licence, trade certification, investment books, networking events and seminars. Step 6. Opening taxable account: To invest in stocks and index funds. Step 7. Start your own business. Examples: website, equipments, inventories, social media. This reminds me of Dave Ramsey.

[@cordwoodenties5505]

Tam Nguyen very nice summary!

[@mathgasm8484]

you mean the baby steps?

[@ElDeterminator]

Yes the first 3 steps definetly came out of money make over

[@xmark9x598]

50% of this do not apply to european market unfortunately

[@NJ-lv6fh]

He learned it from Dave Ramsey

[@desareegress.]

To obtain financial freedom, one needs to be a business owner, an investor or both generating passive income particularly on a monthly basis... Thank to Mrs Louise O'Brien for helping me achieve this

[@elfrenavilas.]

wow.. amazing to see others who trade with Mrs Louise O'Brien, i'm currently on my 5th trade with her and my portfolio has grown tremendously.

[@JoelConger]

I invest with Mrs Louise O'Brien too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.

[@DanetteAguilar01]

As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.

[@Hamilton01]

With the consistent weekly profits I'm earning from investing with Mrs. Louise, she's undoubtedly the most reliable trader in the market. She's a true genius.

[@desareegress.]

She's often interacts on Telegrams, using the user-name below.

[@cryptkeeper5027]

I like the way you put the summary of what you talk about in the description. Very helpful. Thanks 😊

[@alejandromunoz2853]

I was watching this near my parents that were eating. They heard and looked glad I was learning about useful stuff up until the point Graham decided to say MAKE SURE YOU SMASH THAT LIKE BUTTON.

[@dj-em9yg]

Graham, I'm honestly really happy I found your channel. I say this to everyone but this is the best channel on KZbin and that is a fact. You're changing so many young people's lives.

[@GrahamStephan]

Thanks so much!!

[@nicolesonk5132]

Ok but like can you explain Roth IRA as if you were talking to a 5 year old?? lol

[@asambi69]

Put money in...Save money....Retire when 60...enjoy.

[@Zahok1]

savings/retirement account that you put in money that was already taxed (money you have in hand). You can then use that money to invest in stock or into index funds (retirement funds) to have them grow. When you retire... you can withdraw the money without being taxed on it... there is a limit of 6k (500x12) per year that you can deposit into a RothIRA. You can open one for free at Fidelity.com for example.

[@nicolesonk5132]

@@Zahok1 thanks that part i kinda get. i just dont understand how you do the actually investing. i know its not as simple as putting money into an account each month

[@Zahok1]

@@nicolesonk5132 you either invest in stock (do some research) or invest in an index fund that has a target retirement date for you where they do all of the investing

[@JadendayZero]

you can also have a robot account that invests for you for the cost of .0.25% yearly. like betterment im only 4 months in and already made like 200 extra dollars for my retirement.

[@thefirstdown9357]

Thanks Graham. I’m 22, making smart financial choices thanks to your channel.

[@sheneedsyrruup]

I'm 17, looking to get into real estate, So far I've had a 12 month future budget, savings, emergency savings, and a Roth IRA fund.

[@kingX777]

Tbh saving $500 a month is a lot for most people but at least it’s reasonable.

[@bink6778]

kingX777 I saw the title and was like, “Oh cool, Graham is finally doing a video that helps people that aren’t millionaires, maybe he’s trying to be less out touch with his audience” Graham: “This is an amount that pretty much anyone can make happen: $500 a month” I make enough money that I could easily make that work, but just 5 years ago I made $13 an hour and that amount would have been quite literally impossible. 43 percent of people in the US make less than $15 an hour.

[@jaysondellomes1364]

If you can't save at least $500/month it's cuz either: 1) You're spending alot of money on things you aren't tracking or 2)Your job doesn't pay you enough..make a monthly budget and watch how many useless things you spend money on...

[@Zeni_x22]

@@jaysondellomes1364 Yeah. Average salary in my country is $400. Good luck saving $500 with that

[@jtbmetaldesigns]

Zeni if people can survive off $400 per month in your country then they don’t need millions of $$$$. Adjust to a scale that suits you. Maybe put aside $50 a month for 40 years investments and get $150,000.

[@JacksonDuprey]

It's the about the same money that the average American car payment is. People don't realize how much car payments cost in the long run.

[@echo8me]

I wish someone told me this when I was 20. I started at 30 and lost out on years of compound interest

[@honglytech]

I"m 27 and I just started too.

[@cindygutierrez2382]

Same here. I started last year when I was 26.

[@drewmoskal9878]

@Kemet89 A lot of people, they should at least take the advantage while they're still living with their parents. I'm 18 making ~2200 a month, couple of utility bills and I have a lot saved up, learning to invest it

[@shadowreaper5413]

23 here

[@gloria1389]

2:40 1. Emergency Fund 4:10 2. Roth IRA 6:40 3. IRA 8:57 4. Pay Debt 10:37 5. Invest in Yourself 12:02 6. Taxable Account 13:22 7. Start Your Own Business Thanks for the video, Graham!

[@extracurricular1]

Investing in yourself is so important and at all levels of wealth, 80% of the time it's just breaking psychological barriers/beliefs you had or exposing yourself to know what you don't know. But before all that, have an emergency account you'll make better decisions that way

[@GrahamStephan]

🙌🏼

[@HappyPower]

I would love to learn how to Invest! I have some extra cash laying around.

[@NoahAustin4real]

As do I man. I'm starting at 17 wby

[@JohnEu4ya]

look into investing in real estate

[@kodyscameratours5437]

I'm so glad we live in the time we do, because of you and Kevin I've been investing $500 a month (200 on my own and 300 through work) and started my own business. Your videos have been a huge impact on my life to a point where my gf rolls her eyes every time you have a new video. Thank you, thank you, thank you! !!

[@grahamstephan6344]

H🤗 T•H•A•N•K Y•O•U F•O•R C•O•M•M•E•N•T•I•N•G K•I•N•D•L•Y H•I•T M•E O•N W•H•A•T•S•A•P•P 🇺🇸 (+1>8360>67) F•O•R M•O•R•E I•N•F•O

[@kodyscameratours5437]

@@grahamstephan6344 gtfo

[@Xelliz]

A year later and there are no 2% savings accounts... at least that I am aware of.

[@anotherasian3514]

corona rona season ✨✨✨

[@anotherasian3514]

but i mean yeah, this is a once in a lifetime experience, so it’s not like this is gonna happen every year or somerhing

[@rizkiyoist]

Actually if you bought stocks at that lowest dip you would have got 3-5x your money.

[@Raider1377]

I get 2.8% APY from Varo on my Savings Account. (Oct. 2020)

[@jorgevasquez2947]

I got 11% return in 2020 with Yotta savings account. Thanks Graham

[@StevenWestbrook-yx7ce]

Amazing video, you work for 40yrs you have $1m in your retirement, meanwhile some people are putting just $10k into trading from just few months aga and now they are multimillionaires

[@CryptoChicsk]

Waking up every 14th of each month to $58,000 it's a blessing to i and my family... Big gratitude Miss Layah Heilpern

[@jakedrew1105]

When we gunna get a Graham plays Minecraft??

[@GrahamStephan]

Hahaha maybe one day

[@KjipGamer]

Well, that's not a no!

[@asesorprincipiante7727]

Jake Drew lol

[@whengrapespop5728]

Jake Drew Graham buys* Minecraft

[@averyisaiah1]

10/10 would invest

[@maimaivaj91]

❤ you Graham. Been raving about you to basically everyone I know. Such a practical mindset.

[@GrahamStephan]

Thanks so much!

[@KaitouKaiju]

Graham I've been following your channel for a few months now It took decades of life without avocado toast but it all paid off. I'm just hours away from reaching an agreement on an offer to buy my first investment. Couldn't have made that leap without you! Thanks for all your fantastic advice, it's been invaluable.

[@TylerDalton]

Congrats on your first investment property! Did you purchase a rental?

[@KaitouKaiju]

@@TylerDalton I ended up losing the bidding on that one, but I'm keeping my search up Looking for duplexes to house hack

[@TylerDalton]

@@KaitouKaiju big fan of house hacking! If I could go back and do it again- that would be the method I would start out with

[@willbauer3118]

Your my favorite KZbinr of all fun I’m 13 and I’m on track to being a millionaire

[@jacksonhaskellmaine]

@LEmON Same!!

[@Wewereneveryoung]

@✪Hidden very good advice. If you still want to go to college, while active take take advantage of tuition assistance and take one or two classes at a time here and there but skip full time college for now as military will offer full in-state tuition with gi bill once separated. If you don't want to retire in military, before you separate try to have a job lined up doing exactly what you were doing in the military (if possible) as you'll likely be making a pretty decent salary. Continue to save drastically for about 10 or so years and then you can either continue like that for as long as possible or fall back a little and let compound interest do the work for you. Once that is done then you have more leeway to pursue higher education fully paid with gi bill and monthly housing stipend or pursue jobs and careers that really interest you

[@yoimiyasimpu8757]

Money is like children, Hard to let go of Once you let go, you want them to do good things You want them to be fruitful and multiply Why am I personifying money???? This channel has changed me. For the better or worse.... time will tell

[@jahimuddin7380]

Money > Kids.

[@ryangee890]

Well better for your future self.

[@mohamedelmahdi8259]

One of the best videos so far! Props to you man!

[@NickPeitsch]

Automatic deposits to your investment account are invaluable in the long run 👌

[@GrahamStephan]

Agreed!

[@theoscarshow6088]

Okay, now please report Eric White for violating YT terms. He spams on every Graham’s vid... god dammit, are you sick dude? stop begging for these views.

[@genzinvesting6561]

For 500 dollars a month I would invest in individual stocks There are some that I’m looking at I invested in amd and got a 100 percent return This isn’t sustainable but what I’m trying to say is invest and do your research😀

[@GrahamStephan]

🙌🏼

[@genzinvesting6561]

Ethan Groß it really depends First look at their business model Then their assets liabilities and more Just don’t invest to much in high dividend stocks

[@TheErik1119]

@@nick-zc9xv that's hella dope where u like day trading then? And was it on Robin hood?

[@gearbike123]

nicholas b they are at 33 lol not 60

[@ildipali8075]

Idk why but Graham makes me feel like im doing something right in life...

[@walker1981able]

So do you sell the index fund when you reach your long-term goal or hit retirement age? I’m asking because I’m confused on how/when you would collect the profit/capital gain from the compound interest. Thanks for all the informative videos as well!

[@TylerDalton]

There are a couple of different approaches you can target once you reach retirement age- ideally you will have a large enough account where you can live off the dividends each month. Check out www.mrmoneymustache.com/ he goes into great detail about all of this. Good luck!

[@radix3d]

Graham, can we get another real estate video? Maybe do an analysis on a potential rental property... even if you aren't seriously planning to buy it?

[@ravenswood118]

Wish you would make some videos for people who weren't properly educated about finances in their 20s and are starting at 30+. Like tips for compounding/adding up faster.

[@SmeekPeek]

The rules are just the same. Just keep saving at a steady pace. For 10+ years just go 100% stocks. If you want to save up money in the near future, let's say 4-6 years to maybe buy a car etc. I would set it up to be 70/30 stocks/bonds.

[@japanimated9683]

@Dalton's Crafts and Hobbies Where do you go to buy these stocks? I live in canada is there an app ?

[@codybaley6266]

@@japanimated9683 Wealthsimple Trade for buying/selling your own stocks (Open a TFSA or Personal account or both), and Wealthsimple Invest does it for you if you don't have time or willing to put effort into learning. If you invest through your own bank's brokerage (you need to open an account) they usually charge per trade, which adds up if you are only investing a little bit per month..

[@gardencity316]

At 30 I would try to find a way to bring in as much income as possible to pay down any debt and invest as much as possible toward retirement accounts

[@DiscoFang]

Thank you Graham Ramsey. Great advice.

[@SalesforceTayler]

#4 is what I’m doing. In my 20s I decided to buy a travel trailer to live in to save money. (If you are thinking of buying a RV or travel trailer, don’t do it) I didn’t realize the loan wasn’t fixed and it’s been a pain for almost 10 years. I’ve finally almost have it paid off and will essentially be giving myself a $500 dollar raise. I will take that and save it.

[@TheBlueQuasar]

Loving that you used a snowball analogy. I use that and avalanche to describe compound interest too. Knowing you use it tells me it works.

[@GrahamStephan]

Thanks!!

[@SeanLei]

*I saw $500 a month and instantly knew you'd mention maxing a Roth IRA*

[@GrahamStephan]

Yep!

[@edgarsmoneymind9754]

Sean Lei - Money & Minimalism Personally preferred to manage my own money rather than putting it into an IRA or 401k. I learned how to trade

[@ps3duder]

Edgar'sMoneyMind who says you can’t trade with IRA funds?

[@SeanLei]

@@edgarsmoneymind9754 a bit confused myself since you can buy any mutual fund / stock / bond just the same in an IRA

[@Soljarag5]

Edgar'sMoneyMind, I'm scared that you have your own youtube channel talking about money stuff

[@markstroot5978]

I’ve been doing $200 a month in a Roth IRA since I’ve been married (6 years this year) 5% into my works 401K and they match that 5%. I also do $100 into a 529 account (college account for our son. We get back 20% in state taxes with that account. I will increase that account when he is out of daycare (which costs $1,069 a month) and both of our cars are paid off. Thanks for a great video.

[@jerrybarnes987]

How much invested total monthly total? and how much are you expecting to get from it

[@jerrybarnes987]

Can you explain the 529 saving you money on taxes?

[@LUVBUG24K]

Dude i love watching your videos, i love learning from you and hearing what you have to say, you really know what you talk about and you absolutely inspire me, if i could be mentored by you would be the coolest thing ever. Keep up these videos you’re a great leader and communicator. Humor also on 100% so thanks for not being boring lol.

[@allguides1186]

I will also say that learn stocks and invest in stocks is a good way.

[@itsmeg4575]

True, there are a lot of free resources out there to learn stocks. Also save and invest every month.

[@ButterflySoju]

Graham - master of the cliff hanger advertisement plug.

[@xxmobstrxx8535]

You should make a video about all the tax right offs you use and the one you don’t.

[@factsverse9957]

There is a Wikipedia article on it.

[@gargoyles9999]

xxmobstrxx 853 I will never break the law, but that doesn't mean I won't game the system to within an inch of it's life. A classic I used to do (i live in Canada) was to invest money in a TFSA (basically a Roth but I can take it out without penalty whenever I want) and when a pile of cash from the dividends it earned was available I would take that money out and put it into an RRSP (401k). Basically I was investing money that was earning me cash TAX FREE and moving it from one pocket to another and the GOVERNMENT gives me a tax write off for it. Now technically it is illegal to transfer directly between those accounts so the money went to an open cash account for however long it takes computers to make the transfers. If moving from A to B is illegal I'll just go A to 1 to B. My Dad also does consulting work on the side after retiring and it's all through a personal company which cut the tax he paid on his income by half. Government: "If one man get income from job take 35%, if one man company get income from job take 12%."

[@M0rdFustang]

It's WRITE OFFS 😤😠

[@calvinraab8798]

$500 may not seem like much but if you take that number and put it into a compound interest calculator at 7% annual return it's amazing what that $500 can turn into!

[@RyoHazuki224]

$500 does seem like a lot when a good percentage of Americans cannot afford a $400 emergency bill (car problem, health problem, house fixes, etc)

[@ajbarajas1]

My company matches our 401k contribution 125% up to our 6% (I put in 6% and they put in 7.5%) 🕺

[@GrahamStephan]

Nice!!

[@CapAnson12345]

Goddamn that's one of the best I've ever heard of.. mine only matches 50% up to 8

[@ThucNguyen-js6qv]

I'm looking to get into couple of new stocks,I guess CNK is going to have to be my long term Investment.

[@jacksonharry4858]

Their balance sheets are pretty good and growing in gross profit each year,but at this time I advice you invest in ETF indexes,it's v.risky investing in individual commodities. What happens when there's no other commodity to compensate in your given portfolio?

[@jacksonharry4858]

I bought some commodities at $53k, held throughout crash,I almost sold my Portfolio, but I held and it came back to even,on the last week of my investments to be completed,my ROI peaked over $131k because I had supporting commodities,thats the importance of a well curated portfolio.

[@marannu6671]

So what stocks now could sum up to a prospective portfolio for profit earnings? Cos I was going to solely invest in SQ.

[@ThucNguyen-js6qv]

@@jacksonharry4858 that was a great move holding with the whole panic.

[@ThucNguyen-js6qv]

I was getting into few other stocks,I just need a heads up or some guidance, do you manage your portfolio personally?

[@jessysoulmanscofield]

1. Emergency account 2. Roth IRA 3. 401K 4. Pay debt 5. Invest in yourself 6. Taxable account 7. Start a business

[@gullybop1695]

I was with you until you said start a business.

[@TheKoolioz]

@@gullybop1695 You can start a completely passive business. I own an App business that generates revenue from Ads, no work required. I don't even make the Apps, I just buy them and advertise.

[@gullybop1695]

@@TheKoolioz sounds complicated. Am I wrong?!??

[@Bensor999]

@@TheKoolioz where did you go or how did you buy the app business?

[@wasabitoburrion4409]

I agree with 99.5% of the advise given by Graham. I invest more then $500 a month on my employer sponsored savings and I also obtain the match, I have my emergency fund and IRA Roth that I will start maximizing my contribution to. Now $500 investment towards a real estate license course is a reasonable investment however I’ve had my RE license for more then 10 years with no favorable results and no plans of renew it either.

[@kevincorso9757]

me: "this is a good idea! i should do this." student loans: *ahem*

[@Aetherius88]

@Trevor Johnson Student loans and universities are a scam that many of us have fallen for partially because it used to be a good idea. Many of us took on such debt between the ages of 18 and 24 after getting out of high school - a place where we were brainwashed into going to college and not taught anything about finances. I'm now in my 30's and still paying for this mistake. So yeah, we are victims of this broken system. Graham didn't have a KZbin Channel to teach me to be financially savvy when I was in college.

[@garrettstewart5397]

@@Aetherius88 Similar circumstances here, I'll be paying student loans into my 30s. I agree that schools need to teach WAY more about financing, but Trevor has a point though, playing the victim game doesn't lead anywhere good

[@gaijinhakase1575]

Wesley Bradshaw i avoided using loans by attending community college and then transferring to a 4-year school (in-state), and my mom (single mother) and I both worked two jobs starting when I was a senior in high school. Starting in high school until graduating college we almost never ate out, I do car maintenance etc myself, our family vacations were just bringing a tent and driving somewhere. Stuff like this makes loans unnecessary even for a single-parent family like ours.

[@Aetherius88]

@@gaijinhakase1575 I also attended community college and then after completing an associate's degree I transferred to a university. Then after my bachelor's I did my master's. I was in school for 7 years and even though I worked part time both as a personal fitness trainer and an Uber driver I needed loans. I live in Hawaii it's not cheap here. When I finished my master's I had 135,000 in debt. Please don't act like you're better than me and I must have done something wrong if I ended up in debt. Millions of Americans are crippled with student loan debt today. While I was in college my dad committed suicide so don't act like you're the only person who overcame hardships.

[@gaijinhakase1575]

Wesley Bradshaw sorry to hear about your dad. I wasn’t talking about family hardships, I was talking about finances for university. I’m not saying I’m better than you just because I made it all the way through PhD (10 years of higher education) without using any loans. I’m saying it’s entirely possible. Don’t act like students who take loans have no other choice and are just victims. That’s bullshit.

[@jnewheel]

I like your content alot. Side note: for someone who makes fun Dave ramsey your strategy sounds a whole lot like his baby steps system, oh and the snowball analogy. But very informative video, I thank you.

[@SelantoApps]

I watched many videos of yours and I think that this is one of the top 10 and also one of the most practical ones! Well done!

[@networth8930]

Best way to get that extra $ is buy not spending so much on frivolous things. I started making my own cold brew and bringing it to work vs getting one at Starbucks every day, meal prepped and brought food to work. Saving a fortune and funding more investments because of it.

[@OscarMartinez817]

Yourself always invest in yourself first before anything else. It will always give you the highest return on your money 90% of the time. 👌

[@GrahamStephan]

Agreed!!

[@Jake-gp4jf]

Warren Buffet always said that compound interest is one of the most useful financial tools!

[@GrahamStephan]

So true!

[@theoscarshow6088]

Report -> Eric White for begging for views, let’s get this spammer banned :) thanks. You will find him annoying AF too.

[@ZacharyLaid]

500 dollars, that's like 2,500 iced coffees!

[@GrahamStephan]

;)

[@nw9801]

Zachary Laid Finding Freedom you’d never have to sleep for the rest of your life plus like, 9 more!

[@khuti007]

Only 2 things I would add to your good advice Graham. 1. Dont tell anybody. (they will come up with every reason under the sun to borrow from you) and 2. I almost never have made a withdrawal (unless i know that I will have the money to replace it in the very near term) just use your future payments, then go straight back to the $500 again. It does work. I have done it. Im 58 now, been doing it for 18yrs

[@kape2377]

8:50 😂😂😂 i am dying! That was the best part thus far :)

[@grahamstephan6344]

H🤗 T•H•A•N•K Y•O•U F•O•R C•O•M•M•E•N•T•I•N•G K•I•N•D•L•Y H•I•T M•E O•N W•H•A•T•S•A•P•P 🇺🇸 (+1>8360>67) F•O•R M•O•R•E I•N•F•O

[@alexfurste6889]

Graham, could you please do a video on the Thrift Savings Plan? I love your vids and I know a lot of military personnel like myself would appreciate a video on that

[@kyleFed]

I'm sad! You didn't include a gray mock scene or whatever you call them lol. Great video once again! keep it up.

[@kimberlysmith7025]

Step 2: Dont start at 40 years old.

[@jonathansantiago9342]

I’m 17, Im gonna turn 18 next week, and I’m gonna apply some tips of this channel

[@andreeazamfir9713]

Didn't expect to feel this old at 29....thanks for that Graham

[@robertodiaz1597]

@@andreeazamfir9713 I'm 30 and just starting now I know what you mean! Better than starting at 40 I suppose.

[@Jovan13579]

I'm 19 and invest $1000 a month into my high interest TFSA and mutual funds

[@ronaldrigaud5712]

Starting at 40 is better than never starting at all

[@WealthbuilderzTV]

Thanks for always giving some real good info.

[@knell7900]

Appreciate how you break it down for us and not keeping knowledge to yourself 🙏🏾💯

[@RedOneM]

Its really difficult to find here in Germany a bank that pays 2% interest (or even a 1%).

[@NF2222]

You lucky...In UK most of the banks offers 0.20% on saving account

[@misterlister123]

Sebastian Werys Marcus from Goldman Sachs gives 1.5%

[@aaronnoche7103]

RedOneMonster service credit union is about 2%

[@factsverse9957]

Interest rates depend on the rate of inflation. A good bank gives an interest rate about the same percentage of inflation.

[@NilmaBostonRio1]

In Brazil a saving account pays around 6% interest annually.

[@williamk3240]

I invest in myself by buying myself sushi for lunch. Gotta eat to live!

[@GrahamStephan]

Better be happy hour!

[@helenineurope8852]

It's absurd how much we are taxed, especially when trying to save.

[@kingofthespics]

try living in Canada

[@calderon2091]

I know my example is extreme but, anything can happen... and you can lose your retirement money in a blink of an eye. I rather invest in real estate, producing land,etc... just my opinion.

[@Jachammer93]

Institutions are hella expensive

[@manuelight]

for healthcare it’s worth it

[@Mrkrul]

Try living in Belgium

[@cherry-gf5ks]

You know you have a favorite youtuber when u watch all the way through a 2 part add just so they can buy some avacado toast

[@factsverse9957]

To be honest, you CAN start building an emergency fund on $500/month but I think you should set aside that emergency fund AS FAST AS POSSIBLE.

[@ForeSquareTim]

You should start a discord so you’re subscribers can socialize and network I want to talk to more people about finance and alot of my friends IRL aren’t as interested as I am.

[@michaels9612]

Agree!

[@thoughtsofeli7064]

You inspired me to finally make my own youtube channel! My friend even let me sit in his Lambo for a cool thumbnail :)

[@GrahamStephan]

Ah awesome!!

[@Ijaf98]

How to invest $500? Oh easy...Bitconnect then drink $.20 iced tea then become a millionaire

[@nw9801]

Lawrence Stewart yup, then Millennial Money will come to your door, asking how you’ve had such great success. And Graham will do a reaction video to it!

[@Koushi82]

Fk I should have bought bit coin instead of mining bit coin with a GPU. Sure I made my money back and then some. But but. I could have got 100x my gains. Yes i was there when bit coin was 20 dollars say Cyprus and it went to 100 dollars. But i only mined it. Smh. I could have been a trillionaire back then if I put everything in 🙄.

[@Felisargyle]

I always laugh at people who make bitconnect jokes but I hope you don’t mean bitcoin cause there’s a difference.

[@mitchell.9632]

Wow, on the (mostly) gradual growth! I remember when a good video out side of that first 'virial' video got a few thousand views, now give it a week or so and your getting most with a least multi six figures. Good for your Graham!

[@wololo4761]

What is with the people saying "I live in Europe what do I do?" or "I live in the UK, what do I do?" The general principles (emergency fund, invest consistently starting early) are universal. The specific vehicle through which you will invest will vary but here's what you do: 1) If you don't currently pay into a pension arranged by your employer, contact the HR department and ask how to join. In the UK they have to offer one. Other countries will have different legislation, but ASK HR!! 2) Go to google and search for some things like "Investment account" and "tax efficient investments" and "pensions" in your own language. With any luck there wil be plenty of banks and/or brokers offering accounts and information that will let you determine what to do. Take your time, do your research and if in doubt invest that first $500 equivalent in an appointment with a financial advisor who can talk to you about options. This is not rocket science.

[@connorhowe2679]

Hey Graham! love the video. Would you be able to do a video on your advice on handling student loans after graduating college???? I think it would help me and so many other a lot! Thanks, Keep it up

[@LesterDiaz]

How to invest $500 - invest into .20 iced coffee and avocado toast for a full month 😎

[@GrahamStephan]

Genius

[@williambarnes2489]

Hey Graham, could you do a travel miles credit card video... Like a brief explanation and some of your favorite cards?

[@theoscarshow6088]

Please report this: Eric White channel. He is violating KZbin terms and spams on every video posted by Graham’s... begging for views.

[@Asahiart]

Thanks for you videos man , coming from europe i had no financial education , i started getting interest in finance coming in NA and start watching video and read a bit about it . I won't say finance is a passion of mine ( even if it's interesting) , i love my daily job and wouldn't want to commit full time in finance , but your videos were eye-opener . I only started investing and saving but already feel better financially than i have ever been . It feels great to be in control of your spending , knowing you are building something , grinding your way up . Thanks you for your insights :)

[@Emeryx]

Nobody: ... Graham Stephan: With my .20$ iced coffee!

[@imgonzalez]

Ally:GRAHAM COME BACK Wealthfront: No can do cowboy

[@MackAlton]

What are you investing in to get a 7 percent return ...?

[@mauriciosuarez8692]

I suggest derektradingservices (a) g mai l

[@jennifergarza7196]

Derektradingservices has got great trades

[@patriciawendy6546]

Nice brokerage firm, I've made outstanding amount from trading with derektradingservices

[@jennifergarza7196]

I have never had any issues with my payouts, I have been making successful withdrawals. I thank God for a good account manager like Derek. Derektradingservices is really great platform to invest on.

[@MackAlton]

Whats the deal with this derek trading services

[@thepodlabs]

Emergency fund should be put in a high interest saving account, 😉😉 WEALTHFRONT....

[@GrahamStephan]

Agreed!!

[@MarcelDarvas]

They advertise while comparing to savings accounts. But they really are just a cash account. But I’m testing them out now!

[@ritadougherty4403]

Hey Graham! Can you do a video on older people investing? I'm 49 and just recently bought my first 6 plex... My goal is to just leave my kids with something eventually but is there anything in the time being I can do for myself? I love your videos and it was because if you that I decided to make the final plunge into real estate even though I'm older.... Keep up your great work... I think you are inspiring to a lot of people... Love you Graham!!!

[@ryangee890]

Thanks Graham, i had no idea what i should do for the future and to brag in front of my enemies. im going to follow your financial advice.

[@Omnidev_]

You’re looking bigger Graham 🤔💪

[@blueeskii2418]

Its the 200 dollar gym membership

[@kobi919]

How do I contribute $500 a month to my Roth IRA if VTSAX and VFIAX won’t let me invest in them unless I have at least $3,000? Are there any other index funds to invest in The Roth IRA that I can put $500 in right now? Or $1,000 in as of now?

[@danieldavila4999]

KobiBrown I use Wealthfront. Works fine.

[@mattbrown7146]

You can invest in Vanguard ETFs like VOO or MGK, they have no minimum requirement and their returns are similar to the index funds

[@kobi919]

Ok sounds good

[@Ozzyisunavailable]

life pro tip: don't mix up ROTH IRA with the real IRA; that's not something you want to invest in...

[@bigdaddybulge4206]

Best. Comment. Ever.

[@TotallyAmSam]

Oscar Healy sounds like something a member of the orange order would say...

[@samreagan6292]

@Illuminati we are strong in Union Brother. Support the DUP and support Unionism!

[@grannygoes7882]

Reg IRA's are fine for those whose income is going to be much lower when they start taking out the money. You save a lot on your taxes by contributing to them and once you retire your income is much lower than when you are working. I don't see why that is a bad thing.

[@TraviansLittleHelpe]

Oscar Healy IRA called me the other day and told me I owed them money... I thought I had already paid my taxes

[@TheJen2456]

I did it. I just transferred $50 a day from my checking to my savings.

[@JR-bx6kw]

This is one of your best videos!

[@josephailport9787]

How do you get 7% a year? I haven't found anything like that

[@greatagbogidi9274]

Why not trade forex? I funded my crypto trading account at 247binaryoption with $5,000 and had David Gresty Miroslav trade on it. I was making able to make almost $35,000 within three weeks tho he collects 20% for every withdrawal placed but I think its worth it. You might need his help, contact him on whatsapp on [phone], or check him on the internet for more information.

[@Wewereneveryoung]

Invest in a Roth IRA at Vanguard, Fidelity, or Schwab. I would buy a Target Date Fund to set and forget.

[@Amy-ol3id]

Stock market has averaged 10 percent over the last 90 years.

[@NightmarePrincess000]

I dont even know why Im here lol I don't even make 500€ a month but I guess I'll watch the video anyway because I like the dude

[@austink2598]

I dont make 500/month either, but here I am.

[@shittymcrvids3119]

I make 580, but I pay 100 in rent and I live on my own. I do invest 200 every month tho

[@nickilanin6954]

Aweosme video ty! Who did you open your Roth with?

[@jordang3644]

Keep up the amazing videos Graham! Killing it!

[@thephilippinesforus]

Most Americans can't afford a $400 emergency... $500 per month is out of reach for most of American society.

[@grahamstephan6344]

H🤗 T•H•A•N•K Y•O•U F•O•R C•O•M•M•E•N•T•I•N•G K•I•N•D•L•Y H•I•T M•E O•N W•H•A•T•S•A•P•P 🇺🇸 (+1>8360>67) F•O•R M•O•R•E I•N•F•O

[@AndrewKimbrell]

General question, maybe future video topic. When you buy a 2-4 unit building do you ever have to evict a tenant in order to move in to one of the units? Sorry if this has already been discussed. I'm still catching up on your videos.

[@strpwns800]

I finished college debt free but I am looking to go to med school in a few years. Would it be worth it for me start a roth ira or save the money for the evident loans that come with medical school?

[@rolanddimitri9673]

Try out investing with Sr Derek he's a really good broker. Get him via derektradingservices (at) g ma i l

[@mauriciosuarez8692]

I make Very good investment from Derekmoores guidance I get better profits.

[@jennifergarza7196]

Nice broker,

[@mariejordan1039]

Derekmoore is good broker for me.

[@mauriciosuarez8692]

I got $14000 from withdrawal. Mr Derekmoore has really been a blessing from Allah.

[@manofjesuschrist7351]

What investment calculator did u use on the video

[@Felisargyle]

Dark Lord that’s what I always wondered I’ll like your comment so he can see cause I wanna know.

[@vrchbold]

Curious as well

[@jameshilverda1814]

Just google- compound interest calculator. He’s using the moneychimp.com one, it’s one of the first ones to come up (also the best)

[@SuperCuriouss]

All great advice. None of which i followed.. but also maybe mention inflation and what $1.3M will feel like in 40+ years.

[@brucesoto5379]

SSuperCuriouss savings accounts protect you from inflation

[@badaruabubakar6587]

I’ve also benefited from this program I’m so grateful

[@hazy5741]

my car payment is $250 a month but i’m going to start paying $500

[@xianxiong3440]

you don't have to unless the car interest payment is above 4% or 5%

[@Wewereneveryoung]

Don't listen to xian! Start paying down more now!

[@cherrytung]

I say invest it in $.20 coffee & $0 avocado toast! How to get free avocado toast? That's Graham's next video!!

[@Apologue]

Start a business! I like that alot @graham - What certifications/education do you like the most?

[@brendanpospischil3871]

I quite like that compound interest analogy with the snowball. It would help to explain it to people who don't understand its true importance well.

[@tinocarrier1534]

I put off investing my money when I was 18 years old..I’m now 22 and investing $500 a month in dividend paying stocks..My only weakness is putting off investing that $500 in my taxable account and building an emergency savings..I’m working on building a $100k dividend portfolio (With reinvestments) in 10yrs..I’ve also been thinking about being homeless just so I can invest $1000 a month and build the portfolio faster..I’m trying too join the F.I.R.E movement

[@Carlos-oy5nl]

Amazing bro. What stocks are you invested in?