How to invest in 2020 (How ANYONE can be rich)

LEARN HOW TO INVEST IN 2020 TO BE FILTHY RICH LEARN THE 4 STEPS TO MAKE MONEY ONLINE http://bit.ly/4stepslecture SUBSCRIBE TO YOUTUBE SUBSCRIBE ► https://www.youtube.com/channel/UC0n7VW-Nfwb8tJkMePslIuA?sub_confirmation=1  MAKE MONEY ONLINE WITH COURSES [COURSE ACADEMY] http://bit.ly/COURSEACADEMY Join the course academy to learn EXACTLY how to research a course topic, how to test your course idea to save money, how to create your first course and turn your course into another income stream.   CREATE A SALES FUNNEL [clickfunnels 14 day free trial] ► http://bit.ly/4dmboxfunnels Start your first ever sales funnel to sale any product without having to have a team. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  Sell Any Product Using Shopify Shopify 14 days for free http://bit.ly/4dmshopify Investing Apps Get a free stock potentially worth $100 or more from robinhood http://bit.ly/Freestocks4dmbox Join Acorns For Free to automate your savings and investing http://bit.ly/Passiveinvesting Course Hosting http://bit.ly/2HyiqHd INSTAGRAM: @4dmbox http://bit.ly/2vnbZOt DESCRIPTION: HOW TO INVEST IN 2020  HOW ANYONE CAN BECOME RICH STEP 1: PLACING MONEY IN A HIGH INTEREST SAVINGS ACCOUNT * For those just looking for a basic place to put their money, * We have the almighty Ally Bank Savings Account that currently offers OVER a 1% interest rate.  * You can also use a few other high interest bank accounts, like Barclays, Sychrony Bank, or American Express Savings…they all currently offer OVER a 1% return. * LET’S NOT FORGET THE SOON TO BE ARRIVING ROBINHOOD MONEY ACCOUNT STEP 2: SETTING UP A ROTH IRA * This is arguably the most important part and most profitable…when it comes to investing, especially if you’re JUST starting out. * This is to set up a Roth IRA.  * This is basically an account that you can put money into, and by the time you’re 59.5, you can pull ALL of your profit completely tax free without paying ANY capitals gains tax.  * Vanguard has a great option for a Roth IRA if you chose to invest with them. * Obviously do your research, but focus on getting at least a 8% annual return based off historical data for any mutual funds or any other investments. STEP 3: WHAT TO INVEST IN * BIGGEST recommendation for MOST people out there is to invest in an index fund with a low expense ratio.  * When people always ask “how can you get an averaged 6+% return” THIS IS THE SIMPLEST WAY. *  Long term, historically, over the last century, the stock market has returned about 8% annually, adjusted for inflation, with dividends reinvested. STEP 4: SETTING UP A TRADITIONAL 401K * This is an account where whatever you contribute is deducted from your total taxable income.  * You can grow your investment tax free until you take it out at 59.5.  * This means that you’ll have MORE money to invest because you’re paying LESS in taxes.  * The “catch,” however, is that you’ll pay taxes on whatever you take out of your account after the age of 59.5. STEP 5: INVESTING INTO INDIVIDUAL STOCKS * If you want to, or you’re interested in doing a little more work, you can invest in individual stocks.  * I personally recommend you try to do this within a Roth IRA or 401k to avoid getting taxed on your profits…but this isn’t required.  * Especially if you are just starting out with little money. * You can just as easily open an account on Robinhood, invest in individual stocks commission free, and reap some pretty great returns.  * And get a free stock in the description of this episode. STEP 6: INVESTING INTO REAL ESTATE * Now unfortunately, this is one of those things that you’ll probably need to work up to.  * Especially if you’re just starting, unless you have a decent amount of money to already work with. * I’d probably recommend saving up or investing elsewhere and then coming back to real estate one you have some capital to work with. * If you don’t have a nice down payment it can cause to pay extra fees.  * Typically, you’re going to need about a 15-20% d