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Good day subscribers thank you so much for joining me today i am jeremy this is the financial education channel in today we’re talking about how to invest in your 20s this is part of a new series i’m starting i’m going to do how to invest in your 20s which we’re doing today then we’re gonna do how to invest in your 30s how to invest in your 40s and how to invest
In your 50s it’s gonna be part of a series guys i hope you absolutely enjoy this there’s a good chance if you’re watching this you’re probably in your 20s or a little before your 20s maybe you’re still a teenager or something so this video is hopefully gonna help you guys out tremendously as far as understanding your different options as far as investing in kind
Of your situation all that guys so with this there’s three different categories we’re talking about we’re talking about your situation okay then we’re talking about what are your options out there and how do you want to go about doing it okay so those are the three things we’re talking about so first let’s talk about your situation your situation so if you’re in
Your 20s generally they’re gonna have some some common themes with most people okay most people in their 20s have lower paying jobs okay so you’re probably gonna of your adult life we can say your adult life let’s say it starts at 20 years old okay and so your 20s is your first stage of your adult life generally of that adult life until you retire basically this is
Generally speaking the lowest amount of money you’ll ever make will be in your 20s generally speaking however it’s not such a bad thing it’s not such a bad thing because guess what your expenses are probably going to be lower than they will ever be at any point in your your adult life so that’s a big thing because when you get into your 30s and 40s also you get up
To a lifestyle ansan it’s like i need a 3000 foot square foot house i need the newest suv i need this i need that i need all the newest technology you get a certain lifestyle built up maybe you have kids those kids are expensive so also near expenses start to go way up okay so although you’re not you’re not making bank generally speaking during your 20s you have
Really low expenses because you just don’t are you not up to that lifestyle that you have to live a certain kind of lifestyle yet so you can generally bank a lot of money i mean i remember when i was making you know when i was 21 22 years old making 45 50k a quick trip right i was able to still bank away a lot of that money because i was living in a one-bedroom
Apartment which i was sharing with my girlfriend at that time who’s not my wife right we shared that apartment it was like seven hundred and fifty dollar rent a month and she was making good money she was probably making 35 or 40 k or something so combined we were making way more money than we need it and you know i didn’t need all the the fancier things in life at
That time anyway so i was still banking away a lot of money toward investing so you got to take advantage of the fact that your expenses are real low and definitely focus on trying to get those incomes up as well and maybe multiple sources of income and whatnot is is definitely the way to go so then if you can still have these super low expenses and then you bank
Even more money away toward these investments okay so that’s kind of your general situation if you’re in your 20s now what are your options as far as investing well real estate not not realistic for most people in their 20s because real estate you either need to have a ton of money behind you to buy a property right or you can take out debt not generally the best
Thing when you’re in your 20s because if you do get that loan it’s probably gonna be at a much higher interest rate than average person okay or you can maybe pull money together or something like that kind of unrealistic for somebody to give you know a 23 year old a bunch of money to go invest in real estate because you probably don’t even have experience doing
It so real estate investing not the best option in my opinion or not even really a realistic option for investing in your 20s maybe in your 30s maybe in your 40s 50s down the road as it becomes more of a realistic thing because you get money built up people you build up credibility you build up credit and all those kinds of things maybe it becomes more realistic
Not so realistic in your 20s there stocks we talk stock market investing more than anything this is definitely a good option for you because you doesn’t the the barrier to entry is so low like you can buy one share of a $50 stock or something it cost you $50 you no need to spend $200,000 on stock as you’re buying like berkshire hathaway class a shares of something
Insane like that so stocks is definitely a way to go and you’re gonna be able to get phenomenal gains on those if you do it right you put in the work and all those kind of things and stock market investing does take a lot of work you do have to put a lot of work in stock market investing if you really want to max out your gains but guess what the great thing is
Because you’re generally speaking in your 20s you probably don’t have a family and those kinds of things you don’t have as many obligations okay you don’t have to go to the volleyball game on tuesday night like you might have to do when you’re 35 years old you can put in massive amounts of work towards stock market investing you can do massive amount of hours of
Research like i used to do back in the day guys i still do massive amounts of research compared to most people but i don’t even research as much as i used to i’m just a busier guy now i have businesses i have a family i got stuff going on so even i don’t put in quite the research i used to i usually put in the silly amounts of research because i had no life you
Know what i mean like i worked my job and other than that i had a few friends and stuff but how much time does that really take up gives a whole different ballgame so this is a really good option because you can just learn so much you can potentially get great game and you can put in tons of time necessary to really max out those games guys so stocks is a really
Good one over here why that means yourself okay you can invest in yourself you’re still so young that it may make sense to invest in yourself that could be i don’t know maybe he is going to community college to get some courses to get some more knowledge on something maybe it’s buying books okay maybe i don’t knows buying a course and something you’re interested
In maybe you’re interested in i’m a little amazon fba maybe you buy a course in that or something but who knows what you’re interested in but you can invest that money in yourself that’s a big that’s a big thing because when you invest money in yourself that stays with you for a lifetime okay those things you learn that you spend money on they’ll stay with you
For a lifetime and can potentially bring you in tons more money over the coming decades guys so investing in yourself is probably the best option in my opinion in your 20s it’s for sure the best option if you’re under your i think if you’re under 20 years old okay because you’re still in the super beginner stages of learning and whatnot but absolutely invest in
Yourself guys that’s gonna pay off huge dividends for you for a long time to come and other than that stocks is definitely the way to go now how do you want to actually invest okay so this is more toward stocks when you think about stock market investing how do you how do you want to do it this stands for aggressive not stupid okay so in your 20s you want to invest
More aggressively than any period in your life by far you want to invest way more aggressively than your 30s 40s 50s and/or when you’re near 50s and plus you don’t even want to be aggressive at that point just too too far into the game in your 20s it’s you really want to invest aggressively but once again that doesn’t mean you invest stupidly okay you don’t go out
And you don’t start getting debt so you can invest more money okay that’s a bad idea you don’t start going into penny stocks you don’t start you know gambling with this stalker that stalker just trying to make short-term gains however you can you don’t want to do that kind of stuff that’s bad that gets into the stupid category in my opinion at that point okay but
You want to be aggressive you want to be in more growth related companies you want to be in a company that maybe people don’t see the vision now but three to five years from now if people are gonna wake up and see that vision those are kind of companies you want to be in because those ones have potential of bringing you huge gains and if for some reason you lose
Money you’re in your 20s so it’s not like it’s game over for you if you invest aggressively let’s say at 58 years old or 68 years old right and you take a huge loss because you went super aggressive like you don’t have time to catch up at that point like you that’s not good so but when you’re in your 20s when you’re in your 20s being you all the time in the world
So just in case you make a mistake on something over the long term and it doesn’t pan out for you you’ve got time to recover from that so you definitely want to go aggressive but just don’t go stupid aggressive where you’re just going into whatever whatever put in the work put in the research work behind that to make sure that stock really has potential would be
A multi bagger you know bring you in a hundred two hundred three hundred percent over the coming years you’re not you’re not you know dire for that money at that time you don’t need that money rate then in there you’re not retiring tomorrow so it’s not like oh i got to start pulling out that money so if i lose a bunch of money it’s gonna be not good no that money’s
Just gonna stay in your account and that’s generally the way you want to treat it in your 20s you don’t want to pull out any of that money that money that’s in your stock market accounts that’s untouchable money once you funnel money into a stock market account you want to act like that money doesn’t even exist you just want to invest it in a stage over in that
Category when i do my income videos and some of those kinds that they he was like why didn’t you talk about stocks because stocks i don’t even count as income i have to count them on my taxes sometimes when i take out gains but as far as income i don’t even think about stocks key is income if i made seventy five thousand dollars on stocks this year i don’t count
That i don’t think of it in my head as oh i need 75 thousand dollars in income that’s an extra 75 thousand dollars an income i made because of stocks no no no because that money is staying on that side and that’s really how you want to treat it in your 20s and even beyond that you know until you actually want to retire someday in your 50s or 60s then you start
Pulling money out but that money that in that investment account you don’t ever want to touch that for anything that money is just for investing you should have savings accounts and checking accounts that have the money in it that if you need to go out and buy something or do something with that money that that money’s there okay you don’t want to ever pull out
From that that investment account that just leads you into a bed that mentality and you start seeing that account go down because always just pull out a thousand bucks in two thousand bucks and three thousand bucks and also it starts dwindling you always want to be in the growth mindset where that account is growing and growing and growing so you just just keep that
Separate man you just think of it when that money goes from your bank account over to your your fidelity account or robin hood or scottrade or etrade or td ameritrade or whatever brokerage just think of that money as it’s over there now it’s not to be touched that money is not to be touched it’s only to be invested that’s the best way to think about it guy so that
Is honestly how you want to go out and invest in my opinion in your 20s just you know make sure you’re aggressive but make sure you’re not going stupid on it just don’t go crazy okay stocks is definitely a great way to go investing in yourself will probably be the biggest dividends of anything in my opinion investing in yourself even bigger than stocks and you know
Generally speaking you have low paying jobs and but you’re gonna have low expenses man so you still gonna be able to bank money so just focus on getting that income up but don’t increase that lifestyle so if you bring in an extra thousand dollars a month don’t think of it as oh let me just spend an extra thousand dollars maybe you can spend an extra hundred dollars
Of that thousand dollars but the rest you want to put toward investing and keep going that way and just don’t keep adding up those liabilities because i look live these are gonna come when your 30s and 40s anyways so don’t don’t start adding them in your 20s man that’s the that’s the decade for you 20 to 29 is the decade for you to just bank money and just focus
On investing guys so i hope you absolutely enjoyed this leave me any comments if you guys have something to say about this video for anybody watching that’s in their 30s right now don’t worry a video should be come and maybe in the next few days or maybe the next week about how to invest in your 30s guys then we’ll do how to invest in your 40s and how to invest in
Your 50s by the way you should watch all those videos even if you’re only in your twenties just to keep in mind for the future guys so anyways thank you so much for watching if you’re newer to the stock market make sure you check out my 11-part stock market investing mastery course that should help you guys out phenomenally thank you for watching guys and have a great day
Transcribed from video
How to Invest in Your 20's By Financial Education
