Here is the step by step guide on how to invest for students
► https://www.ouraring.com/andreijikh
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz
► How I went from Zero To A Million: https://www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► MY DISCORD: https://discord.gg/9TVPxj73Bb
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c/1980551/671816/10402
► Open A Roth IRA: https://m1finance.8bxp97.net/c/1980551/696710/10646
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/ledger-nano-x?r=535643c13ab0
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
THE SEC SAVING & INVESTING FOR STUDENTS MANUAL:
https://www.sec.gov/investor/pubs/savings-investing-for-students.pdf
THE MOST IMPORTANT THING ABOUT INVESTING:
You do not need any money to start and you do not need to learn complicated buzz words like diversification. You can start as early as you want without any money or income.
WHAT'S THE GOAL OF INVESTING?
Seems like a silly question but most people don't know the answer to this. The whole goal of this game of life is to pay your bills while you sleep. That’s really it - it’s the ultimate thing money can buy - it’s freedom from something and freedom to do anything - that’s how you win.
STEP 1: HOW MUCH MONEY DO YOU NEED?
In 2022, the 3 biggest expenses were housing ($1657 a month) transportation ($798 a month) and food ($644 a month). In total - the average US household spent $5,005 a month - that works out to be $60,060 per year.
Once you figure out how much money you spend per year, you take that number, and multiply it by 25. This is based on what’s called the 4% rule.
WHAT'S THE 4% RULE?
All that means is that’s how much money you need to have invested to last you a 30 year retirement without running out. So for the average us household - $60,060 multiplied by 25 works out to be $1,501,500. That’s how much the average US household needs to retire (which is also why most households don't retire).
WHAT'S THE SECRET?
3 things you can do to retire early. Make more money, save and invest more money, or both.
STEP 2: GET A SAVINGS ACCOUNT
The best savings account for college students right now is actually SoFi. I’m not sponsored by but SoFi’s but their APY is 1.25% - that is 41 times the national average which means you will earn more interest in 9 days than you will in an entire year at the average savings account at a normal bank. The catch is that you need to turn on direct deposit.
STEP 3: GET A CHECKING ACCOUNT
Look for 3 things: no account monthly minimums, reimburses ATM fees, and earns interest. Any of the commercial banks like Chase, Wells Fargo, or even a local credit union work fine. Credit Unions are awesome, they are no frills, they’re free, and they take care of their customers really well. If you want something online, both Ally Bank and SoFi provide a solid checking account.
STEP 4: GET A CREDIT CARD
First download the credit karma app (https://www.creditkarma.com) and start tracking your progress (it's free). Aim for a credit score of 750 and above.
THE BEST CREDIT CARD FOR BUILDING A CREDIT SCORE:
PETAL 2: https://www.petalcard.com/petal-2
DISCOVER IT SECURED: https://discvr.co/3vVVEii
Both are great options to start building a perfect credit score.
BEFORE YOU INVEST - DO THIS FIRST!
Pay off high interest rate debt. The average US household owes $6,270 in credit card debt. The average credit card interest rate is 18.3% - now if you were to invest in the stock market - a good year would give you an ROI of 8% - not only is that no where near as high as 18% - but it’s also not guaranteed. Invest where you are guaranteed high returns first!
START INVESTING!
If you can save 50% of your after tax income and invest the difference - you will have “enough money” to last you for life in just 17 years. If you can boost that savings rate to 65%, which is a lot harder to do but not impossible, you can retire in just 10.5 years.
WATCH THE VIDEO TO FIND OUT HOW!
SOURCES:
https://bit.ly/3LroqOq
https://prn.to/3OFDB8G
https://bit.ly/37PrZj4
https://cnb.cx/3MD2znp
https://bit.ly/3OPsmdO
https://cnb.cx/3OHTYln
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
► https://www.ouraring.com/andreijikh
► Get up to a $250 in Digital Currency: https://blockfi.com/andrei
► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz
► How I went from Zero To A Million: https://www.zerotoamillion.com
► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh
► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP
► MY DISCORD: https://discord.gg/9TVPxj73Bb
► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c/1980551/671816/10402
► Open A Roth IRA: https://m1finance.8bxp97.net/c/1980551/696710/10646
► Follow Me On Instagram: https://www.instagram.com/andreijikh/
► How I Protect My Bitcoin: https://shop.ledger.com/pages/ledger-nano-x?r=535643c13ab0
My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103
THE SEC SAVING & INVESTING FOR STUDENTS MANUAL:
https://www.sec.gov/investor/pubs/savings-investing-for-students.pdf
THE MOST IMPORTANT THING ABOUT INVESTING:
You do not need any money to start and you do not need to learn complicated buzz words like diversification. You can start as early as you want without any money or income.
WHAT'S THE GOAL OF INVESTING?
Seems like a silly question but most people don't know the answer to this. The whole goal of this game of life is to pay your bills while you sleep. That’s really it - it’s the ultimate thing money can buy - it’s freedom from something and freedom to do anything - that’s how you win.
STEP 1: HOW MUCH MONEY DO YOU NEED?
In 2022, the 3 biggest expenses were housing ($1657 a month) transportation ($798 a month) and food ($644 a month). In total - the average US household spent $5,005 a month - that works out to be $60,060 per year.
Once you figure out how much money you spend per year, you take that number, and multiply it by 25. This is based on what’s called the 4% rule.
WHAT'S THE 4% RULE?
All that means is that’s how much money you need to have invested to last you a 30 year retirement without running out. So for the average us household - $60,060 multiplied by 25 works out to be $1,501,500. That’s how much the average US household needs to retire (which is also why most households don't retire).
WHAT'S THE SECRET?
3 things you can do to retire early. Make more money, save and invest more money, or both.
STEP 2: GET A SAVINGS ACCOUNT
The best savings account for college students right now is actually SoFi. I’m not sponsored by but SoFi’s but their APY is 1.25% - that is 41 times the national average which means you will earn more interest in 9 days than you will in an entire year at the average savings account at a normal bank. The catch is that you need to turn on direct deposit.
STEP 3: GET A CHECKING ACCOUNT
Look for 3 things: no account monthly minimums, reimburses ATM fees, and earns interest. Any of the commercial banks like Chase, Wells Fargo, or even a local credit union work fine. Credit Unions are awesome, they are no frills, they’re free, and they take care of their customers really well. If you want something online, both Ally Bank and SoFi provide a solid checking account.
STEP 4: GET A CREDIT CARD
First download the credit karma app (https://www.creditkarma.com) and start tracking your progress (it's free). Aim for a credit score of 750 and above.
THE BEST CREDIT CARD FOR BUILDING A CREDIT SCORE:
PETAL 2: https://www.petalcard.com/petal-2
DISCOVER IT SECURED: https://discvr.co/3vVVEii
Both are great options to start building a perfect credit score.
BEFORE YOU INVEST - DO THIS FIRST!
Pay off high interest rate debt. The average US household owes $6,270 in credit card debt. The average credit card interest rate is 18.3% - now if you were to invest in the stock market - a good year would give you an ROI of 8% - not only is that no where near as high as 18% - but it’s also not guaranteed. Invest where you are guaranteed high returns first!
START INVESTING!
If you can save 50% of your after tax income and invest the difference - you will have “enough money” to last you for life in just 17 years. If you can boost that savings rate to 65%, which is a lot harder to do but not impossible, you can retire in just 10.5 years.
WATCH THE VIDEO TO FIND OUT HOW!
SOURCES:
https://bit.ly/3LroqOq
https://prn.to/3OFDB8G
https://bit.ly/37PrZj4
https://cnb.cx/3MD2znp
https://bit.ly/3OPsmdO
https://cnb.cx/3OHTYln
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
