@calltoleap: Comment "INVEST" below, and I’ll send you an invitation to my Master Class on the basics of investing! 🙂 If I were starting fresh in my 40s, here’s exactly how I’d approach it: 1. Choose a brokerage you trust (Fidelity is my favorite) and open an account. 2. Set up both a Roth IRA and a taxable brokerage account. 3. Link your bank by going to "transfer" and connecting your account. 4. Set up an automatic monthly deposit of $583. 5. Invest in S&P 500 index funds, such as VOO. If you invest $2,000 per month across both accounts, in 25 years, you could potentially grow your investments to around $2.3M, having invested only $600k of your own money. The best part? All funds in your Roth IRA will be tax- and penalty-free when you reach 59.5. 🙂 – Steve Follow @calltoleap Follow @calltoleap for investing videos! Follow me @calltoleap to learn more things like this about money! Make sure you check out my next beginners investing master class November 12th at 5:30 PM PT the link to sign up is in my bio! 🔥 #money #investing #finance #PersonalFinance #wealthmindset #stockmarket

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Monday 11 November 2024 00:00:12 GMT