The Best Ways to Invest in Your 20s | Phil Town

Hey folks, thanks for watching today's video. I hope you enjoyed it! If you want to get started with investing, I want to offer you my free quick start guide, download it here >> http://utm.io/ub0TW

Just made my first $5,000 all thanks to ghosthacker50 on instagram,,,life is sweet when you are rich

Financial education is where its at…keep learning and getting better. Experience and taking action are they keys.

Where do I invest my £1000 to make it a mil? In 19

Everything about personal investments and having a succesful business all starts from personal discipline.

should you invest in your first rental property before even moving out your parents?

so … fck….i just invested in a pseudo index fund via mutual firm a few weeks ago during IPO. i dont know how to pick investments, so i needed a brokerage. they charge a whooping fee of 2%. they made an account for me on SE site…..been 2 days since the offering closed, still hve not given me my account info nor contacted me yet. im giving them a visit tommorw. feel like i should be on my guard.

Why only mention student loans? What about a house loan? I would pay off my house loan before starting to invest, and that could take time. People are usually stuck with a house loan for 30+ years. Student loans isn't more expensive than a house loan. Unless you want to live in a shoe box with cold water only

Not yet but definitely will now!

Thanks for the advice! I appreciate it!!!

I am just 17
And I don't why i am addicted to creating assets

He speaks the truth. Based on data from the last half-century, every dollar invested in index funds has doubled roughly every ten years. Cut your M-F daily $5 latte just for a year, and that's $1300 saved. After 60 years, that $1300 saved from that one latte-less year has now grown to $83,200. And actually even more than that if you account for the income tax you paid on each dollar spent on a latte, that could have been invested in a tax advantaged account like a 401k or a Roth IRA. What else could you give up to save $$$$$$?
Think about it.
-Personal Finance Professor

Um I am 11 yrs old and I’m watching this so

I'm 14 and I want to be a software engineer

Just sold my 2016 honda civic. Now I ride my bike 30 minutes to work every day. #nodebt #debtfreelifestyle ?

Brilliant video. Clear, effective, straight to the point. As Einstein said: "Compound is the eighth wonder of the world". Keep up the good work!

For those interested in the psychological biases investors might face, you can check out this post:

https://medium.com/@aurelien.tran.95/the-impact-of-the-effort-justification-bias-on-investment-research-objectivity-d768aabc3a57

Goal of 15k euros before i hit 21.

i'm 19, my biggest mistake was giving Timothy Sykes $7,000 for the wackiest trading mentor ship ever meanwhile I could simply invest with the help of Mrs Angela Rene Reynolds an expert trade and its been very profitable.

Wao you just opened up my eyes

How exactly are you supposed to double your money 20 times in your lifetime? Just putting money in a roth ira annually certainly doesn't do that.

I watched a video where you spoke upon buying say a 45$ company for say 15 bucks, how do you value that company?

Liked and subscribed. I appreciate the video. I am in my late 20s and am trying to find better ways to invest. I do not have student loans, but at my job I do not have benefits with matching on an investment. I did buy a Duplex a couple years ago and am renting the larger half to the family thats lived there. Its a slow steady investment, but will need more to be comfortable in the future because I don’t feel it is feasible for most people to do so by just working.

I love dividends give me all the money I wanna live off my dividends

So I’m 18 just graduated high school.
Already have a full time job
Plan to go to college soon
$0 debt
Already investing in the stock market and etfs
Already have a 5% contribution towards my 401k
😉
Saving money towards my savings
Only one thing missing
I wish I had a gf lol

I invested about 70% of the money I got on my 18th birthday now I’m 19 and I don’t have to go to college and I’m living the life I said I was gonna live when I was in my 20’s. YOUR LIFE IS IN YOUR HANDS!!

I'm 23

My first goal is to save up $1000 to put into a Roth IRA. My goal after that, tentatively, will be to put at least 2,500 in the roth each year.
I don't know how to invest, but this video has my gears turning.

Im 23 and started. Man let me tell you I’m pretty set when im 65

you should rely on a someone's proven expertise to help you monitor risk in the market. Use a smart risk monitor

Most universities in Europe are a whole lot cheaper than in America – you usually don't get any loans from them and the level of education is on par if not better on some subjects than in us universities – good stuff

Invest in a two million-dollar life insurance policy on yourself. Technically you're a millionaire you just have to die to get it. Leave it for my family.

My goal: Have $10,000 capital by my 20th birthday

How do I straight away double my money? Don't we earn by investing into Fixed Deposits, which at max have an interest rate of about 7 to 8 percent?

Join Robinhood and you’ll get a stock like Apple, Ford, or Sprint for free if you use my link.
https://share.robinhood.com/jacobm4663

Great video,,,

I was able to to save $12k before 19Th but I got depression and lost a lot of money, job, college, and frnd.
?

He looks like Sir Jorah from GOT

What's wrong with mutual funds? Can you expand on why you think they will be a poor investment in a couple of years?

Great clip! Keep up the good content:)

I'm going to shoot holes through your reasoning. It comes down to enjoying life to a large extent. You could save money like a miser and have plenty of dough all throughout your life and still be miserable. You'll never be young twice so why not enjoy this prime time of life and not worry so much about investing during this stage. This is the time you should be seeking, blundering, making mistakes and living it up.

“By seeking and blundering we learn.”
― Johann Wolfgang von Goethe 

I remember an old man told me to not wait until I was 65 to start enjoying life. To me , this is what you're suggesting in this video, namely, save up till you're rich and old and then enjoy it.

I made every damn mistake that you've described in this video and yet I still came out OK. I eventually kicked it into gear and managed to save enough money to cover me in retirement and I had fun and disasters along the way.

“Men need play & danger.
Civilization gives them work and safety.” 

― Friedrich Nietzsche

You're demanding that people play it safe and work hard and this is what enervates and depresses them over the long run.

Moreover, if you're so smart , why ain't you rich ?

https://www.vamatoday.in/lifestyle/investment-plan-health-insurance-plans/

i am 22 years old got an associates degree but no job. I am working on my bachelors but this video is gold. I will use this video to my advantage, I may not have a job but at least I will know how to invest before I get one.

Glad I have got it all figured out now…

I chose this video because I might consider investing. I found it a very interesting video because the message is specifically addressed to students. The explanation was not too long or not too boring, but just the opposite. Thank you for the 7 useful tips, I will try to use them in the future!

I love the pay yourself idea. Can you make a video on that?

I just clocked 32 and I'd say I pretty much had it going in my 20's. I started investing in the stock and foreign exchange markets under Norman Watson's portfolio making nearly 170% in profits almost weekly.

But hooowwwwwwwwww!!!!!!! Fuck lol

So what is IRA ?