These are the 6 Best Purchases to make in your 20s that will help make you more money and build your net worth - enjoy! Add me on Instagram: GPStephan
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
FIRST: Invest in your career
In your 20’s, the “BEST PURCHASE” is all about INCREASING YOUR INCOME. That’s it…I really believe your 20s are a time for you to work diligently, don’t be stupid, be smart with your money, stash away as much in investments as possible, and solidify the foundation in your career. After that, it’s all about GROWING and MAINTAINING that career...so, that - one day - your investments will be able to cover your day to day lifestyle without you ever needing to work another day in your life, ever again - unless you want to. Also, go and read the books Think And Grow Rich - The 4 Hour Work Week - and Rich Dad Poor Dad. Trust me, I’ve read all of those books MULTIPLE times…and that’ll be enough to get the ball rolling, and get you so amped up on what’s in store for the future.
SECOND: A Reliable, Used Car
I never could understand why people my age were out there, buying or leasing expensive cars, when they could use that same payment towards BUYING something that they’d be able to own outright within a year. Which is why I strongly advocate - for anyone who’s in their 20’s - put your own pride and ego aside, and get a solid used car that won’t depreciate, that doesn’t break down, and just gets you from point a to point b safely. You have your entire life ahead of you to go and get cool cars.
THIRD: Hire a good CPA
Taxes are INSANELY complicated, WAY more than they EVER should be. Not to mention, there’s a lot of the tax code that’s completely open to interpretation…so, if you want to make sure you’re maximizing the benefits of everything you’re allowed, WITHIN THE LAW, of course…hire a good accountant. My philosophy is that, when it comes to this…a good CPA to help file your tax return will generally, AT MINIMUM, pay for itself.
FOURTH: Purchase Stocks and Index Funds within a Roth IRA
This is a retirement account where you can contribute $6000 Per Year and invest after-tax money, and then all of the profit within that account is COMPLETELY tax free after the age of 59.5. The MASSIVE advantage to doing this is that ALL the money you deposit into this account will grow entirely tax free. This is something I started in my early 20’s, by opening up a Roth IRA - and then just loading up on Vanguard Index Funds.
FIFTH: Buy Real Estate
When it comes to myself, those early real estate purchases ABSOLUTELY changed my entire outlook on not only investing, but being able to see the rewards of diligent hard work and sacrifice. It was such an incredible feeling to look at a house, and know that I’m the owner…that THAT ownership was the result of so many late nights, so much hard dedication, so much self doubt, and seeing it right in front of me just made it all feel “Worth it.” Like, in personal finance…we don’t get trophies…but, we can get real estate. And that’s how it felt, to me.
SIXTH: House Hack
House Hacking is a term where you buy a property that has multiple units…then, you move in ONE of them, and rent out the others to cover the cost of owning the building. This is something I began doing a few years ago…and, I gotta say…it’s been one of the best financial experiences. This has allowed me to save a CONSIDERABLE amount of money, it’s allowed me to re-invest WAY more in other things that are more profitable than a housing payment, and I get to invest and own real estate at the exact same time.
Those are the BEST financial purchases to make in your 20s, and everything that I have personally done, that’s helped bring me here today. I really believe that your 20s are such a unique time to get yourself ahead, and whatever you do RIGHT NOW will multiply by leaps and bounds by the time you’re older.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

By Stock Chat

where the coffee is hot and so is the chat

23 thoughts on “The 6 best purchases to make in your 20s”
  1. Avataaar/Circle Created with python_avatars Tyler Centorbi says:

    I'm definitely going for that smiley face!

  2. Avataaar/Circle Created with python_avatars TokiToki says:

    Okay i’m confused.. how did he buy his first house for only 60k? and how did he manage to save up for TWO more houses in A YEAR after spending 60k?? something isn’t adding up.. if anyone knows how that makes any sense please let me know lol

  3. Avataaar/Circle Created with python_avatars Codyben198 says:

    Just realised he cuts the vid a lot and Zooms in and out alot

  4. Avataaar/Circle Created with python_avatars Eddie Chavez says:

    Can you make a video of what to invest in my 30s please and thank you

  5. Avataaar/Circle Created with python_avatars Ferny V says:

    6500 on a Prius is wild 😭😭 I got my used civic for 10k but aye

  6. Avataaar/Circle Created with python_avatars Steven Sullivan says:

    The coffee machine 😂😂

  7. Avataaar/Circle Created with python_avatars Han says:

    Does the trading cost cheaper when buying all 30 Dow Jones stocks separately on a zero-commission or buying them all in an ETF from Robinhood or any other zero-commission firms?

  8. Avataaar/Circle Created with python_avatars Charles Hunt says:

    I cannot smash the like button that’s way too aggressive for my taste but I did gently spank it as if it was a cute anime girl. We gotta be careful we do not want to leave marks on our anime girls that’s not nice.

  9. Avataaar/Circle Created with python_avatars Jeremiah says:

    how is a giant commission for an expensive house make any sense. You walk someone through a house and talk to them, the house is great and sells itself. You make 200k. How is that measly work equivalent to 200k?

  10. Avataaar/Circle Created with python_avatars Katie Slauson says:

    I opened up my Roth IRA when I was 19 and that honestly was the best decision I could have made. I put $1000 into it to begin with, which felt like a lot of money at the time, but now, after I've graduated from college and have more of my life together, I can look back and fully realize that it was such an important move for me then. 👍👍

  11. Avataaar/Circle Created with python_avatars Dean McKay says:

    What about if you live in a country where the cheapest property is $400k and duplex’s are not a common thing?

  12. Avataaar/Circle Created with python_avatars Sakeenah Maya says:

    i think i love you

  13. Avataaar/Circle Created with python_avatars NYC Yoga Studio says:

    Thank you so much for putting notes in your description, it makes it really easy to follow along & get a take away from the video 🙏🤗

  14. Avataaar/Circle Created with python_avatars Sammy from Alabamy says:

    Buying a car is a total waste of money, a reliable used transportation from A to B should work, and be happy saving so much money going down the drain (not to mention air pollution) we have to breathe.

  15. Avataaar/Circle Created with python_avatars Ascard says:

    🙂

  16. Avataaar/Circle Created with python_avatars Perfected Canine Obedience Business says:

    Hey gram! My names Zack. First let me say I love the videos, idk if you read these but I was curious about what you think about self employed IRA’s vs the Roth? And could you make a full video about stocks? I currently own my own businesses and plan to have my 3rd buisness be Real estate because of you and your advice. But I want to get into stocks but tbh I’m a little scared to make a mistake and lose money… so I was hoping you could answer that one question and make a video just about stocks if possible?

  17. Avataaar/Circle Created with python_avatars Broken To Strong Essentials says:

    I want to leave the place where I am now so I’ll invest in that first then start something else

  18. Avataaar/Circle Created with python_avatars FreeYourSoul says:

    Really enjoying this dude. I’m the same age as you & I’ve finally (🤦🏻‍♂️ lol) started in SPY & GLD, and working towards the all-weather. Keep it up 😁🥳📈💰

  19. Avataaar/Circle Created with python_avatars JTG01dfish says:

    Imagine buying a property for $59,500 let alone one with a house on it

  20. Avataaar/Circle Created with python_avatars Demetrius Lard says:

    Thanks for the video. Unfortunately, many advises only for US only. I disagree with buying a car when we have Uber. Most of the time car expensive pleasure, if you buy a cheap car, it's always been broken. If you buy a good car, it is expensive.

  21. Avataaar/Circle Created with python_avatars Rachid Allal says:

    I am 25, am I too late to the party?

  22. Avataaar/Circle Created with python_avatars Emily Chu says:

    13 year old here…
    Why am I here

  23. Avataaar/Circle Created with python_avatars Ambrose Smith says:

    Yardayarda

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.