I've been investing for 5 years | Here's my exact portfolio and how much I've gained

[@send2dwight]

You go girl! I started investing roughly around the same age as you 15 years ago. Your portfolio compounds at a higher rate once you pass the first $100K. I kept the core of my portfolio (80-90%) in the index, but picked some individual names also. You’ll be at $1M FASTER than you think! 👏🏽👏🏽👏🏽

[@PersonalFinancewithLeila]

Thank you so much! That's so exciting!

[@THEKINGOFNISSANS]

No it doesn't

[@tomanderson9872]

​@@THEKINGOFNISSANSyou are correct. When people say this, I think what they're really trying to say is after 100, 000, your growth can start to outpace your contributions. Which is amazing. But yes, the RATE of growth is all dependent on market returns.

[@THEKINGOFNISSANS]

​@@tomanderson9872 I'm just tired of youtubers pumping out that outdated figure just because they just read it in a book. Charlie munger said that what 30-40 years ago ? The inflation in just the last 10 years tells you that no longer true. That is misleading information to someone who is now learning this craft. The figure before snowballing is very close to 1 MILLION.

[@sam.lipchutz]

Why is 100k the magic number is 99k not enough?

[@vehlat]

The reason why I followed you bcuz you're the only one who's very transparent to share your investment. It really helps us to push to start to invest

[@PersonalFinancewithLeila]

I appreciate you!!!

[@Lego-vp3sz]

Yes, it’s great …do the ROTH, up to the max (earned income/$7K)…worth it! Get as much 401(k) match and see if your firm has ROTH with match.

[@xlerb2286]

You're $93049 ahead of where I was at 31. Well done I'd say, we all have some little oopsies when we're getting started. I retired a few months ago with a couple million and change in investments. You're going to do way, way better than that.

[@thenonniche6657]

I love that you shared that advice from family can be bad advice. And that not affect relationships.

[@PersonalFinancewithLeila]

Yeah I can't blame anyone! But it did teach me to not take advice from people I wouldn't trade financial situations with AND to always do my own research!

[@lovemusicharmonybeat]

I appreciate these transparent videos, a lot of people fear to start investing and it should not be feared

[@PersonalFinancewithLeila]

Definitely shouldn't be feared! Thank you!!

[@milzijex7340]

You cannot change people's level of risk aversion. It would not be wise to.

[@BlackBearDogTrading]

More than anything I like your grounded personality. You don't blame anyone, chalk up your "losses" to experience and turned your life into financial prosperity. Well done.

[@FlyingWhaleFVC]

I love how real you are, and that you’re able to show people with regular jobs/incomes that THEY CAN invest. Thank you 🙏

[@PersonalFinancewithLeila]

Thank you so much!!

[@mandypdx]

This is a great video!! I started my job right when I graduated college as a 22 year old. I signed up to contribute enough to get the match and never looked again for 15 years, in 2022 when I was applying for a mortgage. The balance was over $500k, so I got lucky. I have since up’d my contributions and started a Roth IRA and a brokerage account (balances are over $700k now) ❤

[@PersonalFinancewithLeila]

Thank you so much! And your journey is amazing!!

[@coreyboyette6849]

To be fair you just got in at the right time. It took 20 years (2000-2020) for the S&P 500 to double in value but only 5 years to double again (2020-2025). I expect a massive market correction to come soon, especially since we have had 2 steady years with no dip. Of course it will all come back up again but man you got lucky

[@jordanmbrock]

You are absolutely crushing it - about to hit your first $100K at 31?! Yes!!! My net worth at 30 was -$234, which is when I first decided to get serious about growing wealth. I started aggressively saving and in three years I hit my first $100K. In the next three I was up to $300K thanks to compounding. In 2021 I hit a half-millie - and I’m hoping to cross the $1M mark this year. I semi-retired a year ago at 40 and now I just read, travel, and follow my interests. I work for fun and spending money. You will never regret learning about money the way you have, and those “mistakes” (aka learning experiences) early on were relatively cheap lessons. Keep it going!

[@marcosgeorge3103]

0-100k in three years is insane

[@Kim_jung_un517]

First time watching your videos. I’m impressed by your straight forward ,no BS approach. Subscribed:)

[@PersonalFinancewithLeila]

Thank you so much!!

[@FictionConvert]

Key Takeaway: never trust someone selling life insurance

[@PersonalFinancewithLeila]

💯

[@lionheart93]

Life insurance isn’t bad. Get a term one if anything.

[@christophermatthews4896]

never trust your dads advice is what i got from this

[@Penelope416]

​@@christophermatthews4896 Basically.

[@will6177]

Ever

[@MrKishorlimbu]

Well done. After 100K you are sailing to 1M. Congratulation.

[@Choolio94]

Thanks so much for sharing this! I think financial transparency and literacy is so important and your content is very easy to digest and very helpful. It's not sensationalized and you're not trying to sell anyone anything, you're just documenting your journey. Thanks for all the content!

[@PersonalFinancewithLeila]

I appreciate that!! Thank you for watching! ❤️

[@daniellesinger2054]

You have truly motivated me to take control of our finances and prepare for our future. We appreciate your honesty and for sharing your financial journey. Everything you’ve shared from spread sheets to paying down debt and investing has been so helpful. Thank you for all the content you put out. You’re amazing ❤

[@PersonalFinancewithLeila]

Oh I appreciate that, thank you so much!! ❤️

[@user55717]

5:58 There’s a tax credit you can take if you are below a certain income threshold and contribute to retirement accounts! Retirement Savings Contributions Credit (Saver’s Credit)

[@PersonalFinancewithLeila]

That explains it!!

[@juanageitos4923]

👆True! I was just about to comment that

[@PenniesNotPerfection]

You’re killing it! So proud of you and your progress. This was a great video Leila!

[@saltytbone]

When I first started out, I was convinced to buy front-load mutual funds. Learning is part of living. On the plus side, you're absolutely on the right track!

[@CP-wo4ou]

Well done Leila, keep saving and investing and one day the fruits of compounding will be yours to enjoy!

[@PersonalFinancewithLeila]

Thank you so much!!

[@Stockpile777]

I think you are doing great! Keep doing what you're doing! That is definitely something to be proud of at your age!

[@aSung_CCC]

While it stings learning that you "lost" a lot of money early on, just consider them expensive learning lessons. The important part is that you are better informed now, and honestly, it's better you learn those things earlier than later. Keep it up!

[@PersonalFinancewithLeila]

Definitely! Thank you so much!

[@FutureDreamZz]

Glad to see someone my age going down the same path I am! Can’t wait to see what this year brings 💯

[@josephkeith6954]

Happy for you. i only started 5 years ago but i am 54 now 😅. you will be doing fantastic even 10 years from now. good for you!!!

[@SURFSUP55555]

I started my investment journey in early 2020. Thankfully my older sister introduced me to FIRE as the place to start learning and not life insurance 😱 Forever grateful to her

[@PersonalFinancewithLeila]

Oh that's amazing!!

[@crasmus22]

Extremely impressive. Those returns are going to keep accelerating . Keep it up.

[@PersonalFinancewithLeila]

Thank you so much!

[@upperman17]

Thanks for the sharing of your investments as well as your mistakes. My mistakes were calling cards and some Amway back in the day. My advice would be loading up on growth in your 30’s. VGT/QQQM/SCHG. Also never sell during a downturn. Continue buying no matter what.

[@PersonalFinancewithLeila]

Yess that's the plan!!

[@basilman121]

Wow, are you me? I'm 31 years old as well, also in Vanguard. I started my true finance journey in Nov 2019, with about 24k in a 401k. Combined accounts now, I'm a bit higher, but it may be due to nature of my work. Brokerage: 50k Roth IRA: 60k (I started in 2021) Trad IRA: 38k And two 401ks that are about 34k comboned. I haven't rolled over one of them because the expense ratios are reasonable. Keep at it. You are doing solid!

[@bl300zxx]

knowledge is the power of investing....you are one smart cookie

[@robgerety]

Great job. We have been living through one of best years of the stock market in history. It will not last forever. Be prepared.

[@IVMTAB]

Why Choose FI is so good. I’ve been listening to it ever since I stumbled upon your video. Thank you for sharing your very useful information.

[@theElderberryFarmer]

Great work, Leila! You are approaching this in the right fashion and with the right mindset. You will have to live through some rough times. Always stay the course and remember that when others are selling, you should be buying. Those who panic sell when there is a large market correction (look at what happened back in 1999-2000 and 2008 - I lived through those blood baths) are simply locking in a loss. If the money you are putting away is for later life, leave it there until you reach that later life! Stay fully invested and don't mess around with trying to time the market. It isn't timing the market that works - it's time IN the market that does. Invest as regularly as you can no matter what is happening around you. Take care and God Bless.

[@tomanderson9872]

Great job! I too got started investing with a financial advisor that tried to sell me whole life insurance. I was lucky enough to get out before I lost any money (cancel the policy very early and got a refund). Like you, I now DIY my investing through my 403b and Roth IRA.

[@worldtraveler3044]

Nice! You are on track, congrats!! We teach our crew how to set up their own fidelity Roth IRAs as they each turn 18. Time in the market is going to be their super power haha! Add some cash in a HYSA as part of your portfolio as well.

[@yootoob2019]

No nonsense investing with spectacular returns. Simple (despite the noise) yet effective (facts.)

[@vitalyaloves]

the fire movement was also a big part of how i learned about finances! i wouldn’t even say i’m necessarily pursuing it, but i’m so glad that it’s made financial knowledge more accessible especially to younger people. being in my early 20s, i had no interest in reading an article titled something like “how IRAs work” but seeing one titled “how to retire in your 40s” or something similar piqued my interest. and now i read all the “boring” articles and books for fun 😂😂

[@PersonalFinancewithLeila]

Yes, same!!

[@ap0p16]

Thx u for sharing. Is always good to SEE others journeys to figure it out this that is SO important. I'm glad you figured it out as well. Happy growthing!!!

[@AndrewTannerMusic]

I started investing 6 years ago in January of 2019. I put a little less than $8000 into the market and bought AMD shares around $19/share. Sold them all at $177/share this past July, netting over $70k+!!! Took $60k of that and used it for a downpayment on my first house and then reinvested the rest(about $10k) into Palantir which has QUADRUPLED in the last 6 months with zero signs of slowing down. Also bought almost 1,000 shares of SoFi at $11/share. Gonna hold onto that and Palantir for the next 20-30 years. I’ll definitely be a multi-millionare bagger in due time.

[@MauriSky2437]

Good job. I recently heard, and I believe it, that getting to the first $100k balance is the toughest investment hurdle. So, she has done it. Consistency and keeping up the discipline pays off. Just remember to weather the turbulence of the market.

[@sampson7941]

Keep it up ! You're doing good. Some of us out here ended up broke at 40 and had to start all over again.

[@cloyking8170]

Yes, thank you for sharing, you are truly showing people the path on how to create wealth, Thank you!!

[@Ian-of9oi]

You’re doing good. I had no investments at your age.

[@NelsonAssassin]

Looking forward to your $100K celebration video in the near future!

[@PersonalFinancewithLeila]

I've reached $100K net worth with my savings added but having $100K invested alone is something I'm definitely looking forward to!!

[@ah2669]

Thanks for sharing. Nice to communicate that if you make mistakes, you can learn from them. Don't give up (if the penny drops and you realise you did something wrong). Good luck with the channel. 👍

[@davejones8770]

I had one of those life insurance investments back in the 90s. Seemed like a good idea at the time, but glad I moved on from that concept. Found a better advisor a few years later that steered me toward the Roth IRAs. Wish I had put more money into it back then, but at least something was better than nothing.

[@eimienwanlanibhagui4859]

Thank you for sharing your story. And your transparency too. The latter just earned you a subscriber [even though I have subscribed to otger platforms]. With what I have come to know [time in the market is better than timing the market], I wish you had begun on this part when you were 21. But as Brian & Bo of Money Guys Show would say, you are in the "messy middle" but you can still catch up. I am in the game of catching up right now. Best to you in your future investing 🙏

[@AndresDoes]

Ur great! our portfolio is almost identical in how much it’s worth. Key difference is I started 2 years ago and gain about $16k-18k in interests. I’m 23 for context and work

[@av98]

Thank you sister for sharing your financial journey. I was able to learn some new things.

[@PersonalFinancewithLeila]

Thank you for watching!

[@davidplugz]

Thank you for sharing and loved the video I first started my investing journey in Bitcoin early 2021. That went fairly good. Started my stock market investing journey late of 2023. Ever since I’ve been just addicted to watching these videos.

[@michaeldowning7094]

I started 5 years ago only contributing 3% and getting a 8.3% match in my government 401A. So it's grown slowly but currently between my works 401A and 457 I have approximately $36K-$37K. End of this year I'm projecting close to $50K. My yearly income gross is upper 40s yearly but net is only a little over $30K so I think I'm almost on track.

[@1971Brena]

You have done very well for yourself❤! Thank you for sharing the detailed breakdown.

[@PersonalFinancewithLeila]

Thank you so much! 💚

[@vancityflyguy]

Thank you for sharing your journey👍🏻 you’re doing great. I only started when i turned 42🤦🏻‍♂️

[@Chanelle247]

I am 42 as well and just started the journey. A couple of decades late, but better late than never!

[@Shootsmith]

No, key takeaway was know what you are investing in. She keeps saying I didn’t know what I was doing and lost x. Glad she started learning and figuring it out for herself.

[@ttcc5273]

I think those high Beta funds like VGT will serve you well over the long haul. I like that you diversify and that your core holdings are broad based indexes. May I suggest plunking VGT and FDLO into something like portfolio visualizer and comparing a portfolio of those two vs VOO. Also portfolio charts has opened my eyes to unusual bc portfolio ideas like the Golden Butterfly.

[@TripSoul10]

The balance total you have currently was my total at the end of 2022. Fast forward to today, my retirement accounts total is now at least double that total thanks to constant contributions to my 401 ks & Roth IRA.

[@xaxb4178]

Biggest regret for me is not knowing about ROTH for many many many years. Personal finance is so personal no one talks about it unless you are paying someone.

[@randyman8984]

They way I understand it is you can't withdraw from a Roth account, correct?

[@PersonalFinancewithLeila]

Yeah, luckily more people on the internet are talking about it and I think that's a great thing!

[@PersonalFinancewithLeila]

You CAN withdraw contribute penalty free, but not any capital gains until 59 1/2 years old. However, I just wouldn't suggest withdrawing from a retirement account early anyway. Save money in a HYSA and you can also invest in a brokerage account which you can withdraw from anytime (though you may have to pay taxes on those withdrawals)

[@Journeyagain0]

I'm 37, and i wish I had opened one up earlier. I wish they taught us that in school.

[@Lego-vp3sz]

So true…even financial advisors don’t properly explain that you must prioritize Roth over traditional and try to convert (which yes is taxable but once it is there whatever it grows to is all yours!) when / if you can afford to.

[@reggaefan2700]

Just keep doing what you're doing and you'll be a millionaire when you retire. The key is to start early. Buy and Hold works.

[@Lego-vp3sz]

Leila…convert you SoloK traditional to ROTH SoloK, while the balance is still manageable tax-wise. Yes, you’ll have taxes…which you should pay in cash from your earning rather than reducing your 401k balance. Figure out how much you can afford to convert (eg set aside some earnings for this), and also try not to push yourself into the next tax bracket. But make it ROTH now, so in 30 years all those gains will be 100% yours, no tax. And it must become ROTH for 5 years before taking any out is non-taxable, so now while you’ll never touch those funds is the time to convert. Even if it’s just $20 K per year. You’ll never regret it as it grows tax free long term.

[@dukeofrocjohnson3390]

Leila, you are significantly ahead of most people your age, so please keep that in mind and keep going. You still have time on your side. I was not able to invest til age 54, and am now 55, so, I don't have much time but it still is the best way to build for retirement - same three buckets as you covered. I will say, as a piece of advice, you may want to consider adding some diversification to the 401k. Those two funds you have are great- but they have huge overlap. Consider adding something like SCHD - it's the best dividend growth fund and balances out against funds that are S&P focused and total market focused. And, thanks for sharing.

[@PersonalFinancewithLeila]

Thank you so much! I honestly don't mind all the overlap between my investments! With my 401k it's all only Vanguard funds available!

[@dukeofrocjohnson3390]

@@PersonalFinancewithLeila Ahhh yes. Same with mine. I should have realized. My 401k choices are not great either. So I started a Roth IRA with SCHD, SCHG and SWPPX. Then I did SCHD in my brokerage account along with about 20 other stocks, reits and BDCs I like. Have an awesome week!

[@66C10L]

These are fantastic videos young people should be paying attention to

[@PersonalFinancewithLeila]

Thank you so much!!

[@pavelm4484]

You know what’s crazy is that I have a strangely similar path. Immigrant with parents who didn’t know about investing. I guess better than your life insurance snafu. Sat at my first accounting job and wanted to know how to retire. Binged so much chooseFI podcast in 2018 and opened my vanguard account right away. My first “investing” was in college when Robinhood first came out. I just traded blue chips. I stopped holding individual stocks when I started my first job and surprisingly made some money (luck).

[@PersonalFinancewithLeila]

Oh that's so funny! Honestly I always forget that I dabbled a bit with Robinhood and individual stocks (and penny stocks!! lol). I thought I was doing the right thing but sold those off within a year or 2

[@huy3967]

(From the Bay Area, California) Thank you for sharing the details of different accounts and your early experience with the so-called "financial advisors". I really enjoy your channel 👍. Good luck with your investing journey.

[@PersonalFinancewithLeila]

Thank you so much!!

[@rolaleye]

So much good info. Thanks Leila 🎉

[@michaelraum3393]

I’ve always put the majority of what I could contribute into VTI & VOO. Thanks for the knowledge, I’m gonna have to give VTSAX a go - 18.5% seems phenomenal! 📈

[@emmettkelley1515]

Keep in mind the stock market had insane growth. It’s not always gonna be that high… I’d look at 8%-10% as more realistic long term

[@StephenOshea]

bravo your doing so well

[@FitTechLyfe]

Awesome video Leila! Love the breakdown!

[@PersonalFinancewithLeila]

Thanks Travis!!

[@eddienunez8206]

Great video.. as boring as vanguard platform looks i like it , keeps me from day trading and just focus on longterm investing. Also 100% in VTI for my roth ira and brokerage voo, schg, and schd.

[@PersonalFinancewithLeila]

Thank you! I don't mind their platform either!

[@Gary65437]

Nice job of starting young and getting up to speed. It helps having a pretty much bull market the past 5 yrs if you only started with little money during the COVID meltdown. You will need a strong stomach to handle a 25 to 50% drawdown during a bear with a lot of money on the line. Like Buffett has about 340 billion in cash/t-bills waiting for the next batch of low prices.

[@goolag1988]

Happy for you ❤

[@PersonalFinancewithLeila]

Thank you!!

[@singleparentfire2363]

Thanks for being so transparent. This is extremely helpful.

[@PersonalFinancewithLeila]

Thank you for watching!!

[@6461791]

You Goooo Girl!!!!! U are killing it...Luv your channel!!!

[@PersonalFinancewithLeila]

Thank you so much! 🤗

[@nazeercurry5248]

More women need your mindset!!! Keep up the great work!!!

[@PersonalFinancewithLeila]

Thank you so much!!

[@nazeercurry5248]

@@PersonalFinancewithLeila you're welcome 😊

[@neophytestacker9471]

You're killing it!!!!! And you're under 30? WOW!

[@PersonalFinancewithLeila]

Thank you!! I'm 31 though 😊

[@pmexplore]

Thank you. Finally KZbin recommending normal people videos in investing.

[@PersonalFinancewithLeila]

I appreciate you!!!

[@InvestingWithAdamK]

Investing in bad products early on is a learning experience that likely pushed you to do your own research. I wouldn’t see that as a “bad experience”. It all help shapes us. Just keep saving and putting away

[@PersonalFinancewithLeila]

Definitely!!

[@venuswealth6]

Great choice of VTI and VGT. I have 60% VGT and rest in VOO.

[@PersonalFinancewithLeila]

Love it!!

[@bubblechaser5369]

QQQM is my other favorite

[@venuswealth6]

@@bubblechaser5369 I had QQQM as well. Moved it to individual stocks and then to VGT. :)

[@gloriaamakaa.4587]

I like the idea of incorporating dividend ETF in addition to total stock and growth stock ETF

[@venuswealth6]

@ But if you have time horizon of 10+ yrs, I believe the selecting growth ETFs is better.

[@TopDawgSales]

That’s great congrats. I need to watch more of your content to learn more. Thanks for sharing

[@PersonalFinancewithLeila]

Thank you so much!

[@AlexisSilveira]

thank you for sharing your journey!

[@PersonalFinancewithLeila]

Thank you for watching!!

[@mandorlap8091]

🎉🎉🎉 you have learned alot!! Congratulations!!

[@PersonalFinancewithLeila]

Thank you so much!

[@penguingobrrbrr353]

I didn't listen to my parents when they told me to start investing as soon as possible. I kind of regret it now, but it is what it is... I started working when I was 18 and was enjoying a lot of my money and had some gold coins (1oz) as a form of savings, but nothing else. Now I'm starting at 24y old with 10k balance in the bank willing to dump it into globally diversified fund and start contributing to it every month. I could've had 50k saved up more by 24 if I just invested instead of partying. That 50k would've been probably 85k-100k. I'm so mad. Kind of missed the crazy gains the market had during 2020-2025.

[@marygigot1237]

Don't be mad about it you are still very young. There are a lot of people that don't learn this until much later in life. Investing now it will grow for many years. Just be consistent with the investing. There will be many more years in the future that will have market gains in addition to some years that are not so good. Good luck.

[@Lion_McLionhead]

Can't imagine how many people are still out there investing through that life insurance policy. Before 2020, most people didn't take stonks seriously so it was plausible for a life insurance policy to be the primary vehicle for some. It was only the dip that year & Dave Ramsey that got the masses pouring in the stonk market.

[@BenjaminWatson-zi5hj]

Great job young lady! Keep it up! 😊

[@PersonalFinancewithLeila]

Thank you so much!

[@mjs28s]

nice. It will be really exciting when that really ramps up after a decade more of compounding.

[@PersonalFinancewithLeila]

Definitely!!

[@dennisleyva8239]

I love VTSAX and also VONG. Great job in investing.

[@donaldclemmons5980]

I love Vanguard funds. I manage my own Roth and max it out each year. I took a risk and put GBTC "Bitcoin etf" in my roth just in case it does goes to the moon then my crypto cash out is tax free as long as they don't change the rules later.

[@screechowl-hoote4239]

Wow, you have come a long way, making adjustments along the way. You have some solid investments. The only suggestion I would make is to use ETFs instead of Mutual Funds when equivalents are available. Most of the Vanguard funds even have a link on the Mutual Fund page when they have an ETF available. Good luck!

[@PersonalFinancewithLeila]

Appreciate that!!

[@douglassmith9445]

Once you hit that 100k mark everything changes. My wife and I hit 100k at 32 years old and now we’re 34 with 325k. Compounding interest has exceeded what we thought was possible. New goal is 500k by 35 😅

[@kevinfestner6126]

Get to that 100k. That's the first goal.

[@Trip1of3]

I had a very similar experience with an insurance broker when I was about 22. Ended up dumping that policy starting to invest in my own 401k a few years later.

[@natej6671]

You are slaying it at a young age. I was not so fortunate when I was younger but now I'm making up for it in my late forty's. There's more thing you can do to advance you savings/retirement/tax savings. Open an HSA account. Even though its a health savings account, you can use the funds to invest in the market and the gains are tax free. If you don't use the funds in your HSA account for health related purposes, all of it will be available to you at retirement age.

[@MarcusGray-b3f]

This is insightful. I have big debt right now and my focus is to become debt free by the end of this year. It will save me $20k so it not making money but I am not losing either. Than I will focus on making money. It seems to me you have to jump into something and make moves. Be it mistakes or not it is the best way to learn. You successfully made me nervous about life insurance. I don't know how in the world you lost all your investment 🤔🤨🤨 That's weird and scary!

[@PersonalFinancewithLeila]

Awesome, good luck on your debt free journey! Keep us updated. I think term life insurance is great for people with dependents! I have Universal Life and long term care. And insurance in general is just that, insurance, not an investment!

[@piperwarrior5705]

Its good to see your doing well on your investments..I will know where to come for a loan.

[@MaryBMD]

We have such a similar story I can so relate to "Joe".

[@charlotte2048]

Biggest regret was opting out of kiwisaver(govt retirement) in my teens all the way to 28🤦‍♀️but better late than never.

[@PersonalFinancewithLeila]

Aghh yeah, if only we could go back!

[@BeanSprout222]

Leila ask you rCPA about a back door Roth IRA. This could help you with pass contributions that you may have missed out on👍👍👍👍

[@cletus3078]

As a financial coach who makes zero $ from life insurance, it isn’t a bad product but it definitely isn’t for everyone and it definitely isn’t the first second or third step

[@PersonalFinancewithLeila]

For sure! I think term life insurance is great for those with dependents...but universal life for a 21 year old who won't have children?? Lol

[@TS1023TS]

I am bummed I didn’t know much about investing until recently. I was always just told to invest, which I have, but wasn’t taught on the different funds. I have been just doing my company 401k but was in a target date index fund which is only 8% rate of return 👎 wish I was just in the market index and also in a technology fund. VGT is 20.75% for 10 year rate of return. Nice. Thanks for the info!

[@amarg2199]

I am just on 100k. Last 2 years I made 40k and bought a car, office & a flat. I work in cruise ships & investing in India. I am 40 plus. Lost job for 2 years during pandemic. Still life goes on.

[@blokheadburley8363]

Love your video by the way!

[@PersonalFinancewithLeila]

I appreciate you!!

[@TS1023TS]

Any parents out there. Teach your kids early about finances!! Invest early and don’t stop!

[@jkay07]

I think you got the savers credit, re: your accountant. We have similar stories, clueless immigrant too, I started with TransUnion too with an index universal life. Fortunately I had a 401k at my employer that I was ‘forced’ to save 3% of my salary so I could compare the returns, see it was trash and dump the policy after 1.5 yrs. Thanks for sharing.

[@PersonalFinancewithLeila]

Yes that sounds right! I think it's great that some companies require those contributions, it helps people without even knowing!