Let’s face it no one really wants to think about retirement. Of course we want to make more money, but it’s usually so we can spend it on things we want today. However investing in your 20s is super important because it’s what’s going to allow your money to grow into even more money in the future. A.K.A. racks on racks on racks.
Today I wanted to share a little more about my own investing journey with you. After I graduated college I thought I’d be making $60,000 a year, but my first job I was making a whopping $30,000 a year with no benefits, no insurance, no retirement plan, not even a train pass. It was tough for me to find a job after college so six months into my job search $30,000 seemed like a better option than $0.
6 months into my new job, I got laid off. I admit I wasn’t prepared, I didn’t feel as though college had prepared me for the real world. However if you are living on this earth life will humble you and put you through some trials, but you must keep going.
I had to defer my $38,500 of student loans which I had only been paying the minimum balance of $300 a month and start freelancing, while searching for a new job. It wasn’t until my 2nd job a year after college when I was able to start investing into my company’s 401k plan and now in my 401k I have just about $30,000, the same amount of money I was going to make at my first job. This is the short version, but I dive into even more details in my latest video. Be sure to watch below!
“Money is not a game. Investing for the rest of your life and the lives of your loved ones is serious business.” -Rick FerriSo
Although I still have $$6,972.69 of student loan debt left, my net worth is still in the positive because of my investments. I currently have a 401k, a roth ira, and also a brokerage account where I invest in individual stocks. If your interested in learning more about investing in individual stocks I have a how to get started investing in stocks for beginners e-book.
This book is for you if:
- You’ve always wanted to learn how to start investing, but just don’t know where to start.
- You’re ready to start taking control of your finances.
- You’re tired of making excuses, and not starting.
- You don’t understand the investing process. Which stocks to choose? How to decide which brokerage account to go with?
- You’ve tried to read other investing books, but they were boring and didn’t keep your attention.
What the young urban investor’s e-book really offers?
Included in this e-book: In this 10 chapter book I will walk you through how to start investing in the stock market.
Chapter 1: Forget these shoes, I’ve got some shares to buy. Get the blueprint for the real luxuries in life. Hint it’s not found in your closet.
Chapter 2: Top myths people tell themselves that stop them from investing. I bust 4 myths that you’ve probably been telling yourself all these years.
Chapter 3: why the rich keep getting richer? This chapter is all about ownership and the beautiful benefits of investing.
Chapter 4: Don’t let fear keep you from being great. Master the process of detaching fear. This chapter will help ease your fears on investing.
Chapter 5: Top things to do before you start investing. Learn the key steps to take with your finances, before you start investing.
Chapter 6: choosing a great stock to invest in is like choosing a great outfit. This one pretty much speaks for itself.
Chapter 7: Rule no. 1 only buy great businesses? Understand what makes a business great. I’ll walk you though choosing your list of great companies to start investing in.
Chapter 8: how to open a brokerage account? There are tons of brokerage accounts find out which one is the right one for you.
Chapter 9: I have my brokerage account, now how do I start making money? I will walk you tough the process of buying your first share.
Chapter 10: Congrats you’re an investor.
The Young Urban investor’s e-book has made it ridiculously easy to learn how to start investing.