The best time to plant a tree was 50 years ago... the second best time is *RIGHT NOW* ! With investing it's the same way, your future self will be so proud of starting as early as you can and watching that compounding interest gain momentum 🌳 😊
Love that! Learning investing can happen anytime and the benefits will show as you get more experienced. The early you begin, the more opportunities you have to learn.
Hi Rachel, just wanted to say I love your show and I've learnt so much about money and investing income through watching your videos. Thanks for all you do and looking forward to a prosperous future ; )
This was so clear and helpful. I live in Canada, so saving for retirement is different than in America, but this was a good starting place for me to learn more about investing in the near future.
That's a great idea! Honestly, I love Loft and Amazon for clothes. Here are some of my favorite fashion finds on Amazon: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-5NpO3KyCzwI.html
Being someone who has learned about investing in stocks and crypto since 2015 I actually learned a few things from this video. Very straightforward easy to understand thanks Rachel
Very helpful. Thank you. My employer matches 6% on my 401k but it is not Roth. So I contribute 6%. After I max out my IRA should I put money in a Roth 401k or just add to the original? Thanks!
Let's take another look at the 14:20 mark. Maybe I misunderstood, but the graphs in this video and everything I've read from the Ramsey Solutions site indicate to me the employer match IS part of the 15%. This one needs some more explanation. Great information overall though.
The big issue I have right now is: if I do not start to invest now, I will have nothing when I retire in about 10 years. I cannot invest much because I still have debts to pay, but I want to invest something
Don't worry. Just follow the Dave Ramsey baby steps. I remember that debt had to be paid off first (step 2) before any investments could be made (step 7). Hope that helps.
Hey Bo! We've found that investing 15% consistently can pay off in, like, a million-dollar way! That’s why 15% is the bar for how much to save. You can read more about the "why" behind 15% and see all the math here: www.ramseysolutions.com/retirement/why-should-i-invest-15-of-my-income-for-retirement
Want to buy a vehicle in 5 years with cash? A target date fund may be a good choice. As your "target" approaches, the fund manager moves you from equities to fixed-income securities. If you do not feel confident doing this yourself, let the fund do it for you.
I'm afraid to ask anyone in my life about investing... I feel like it's a topic that no one wants to share to help others... and there's people on RU-vid. But is what they're sharing really true or just to pull you in for views? Like a scam? XD I trust you though! Haha
