Lets discuss 7 ways you can invest $10,000 in 2023 - and how you can best maximize your money, enjoy! Add me on Instagram: GPStephan
The YouTube Creator Academy:
Learn EXACTLY how to grow an audience, rank videos on the front page of searches, build your brand, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): https://act.webull.com/k/Vowbik9Tm5he/main
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
My second channel:
http://www.youtube.com/c/thegrahamstephanshow
FIRST: Use some of that money towards an Emergency Fund
This the money you set aside to ONLY be used in case of…YOU GUESSED IT…. an emergency, where you have no other option to turn. Ideally, the size of this fund should equal anywhere from 3-6 months worth of your expenses, and kept easily accessible….for emergencies. Lets say you lose a job, your car breaks down, or some other “emergency” happens and you need money…this is where you get it from.
SECOND: Pay down high interest rate debt
When you have high interest rate debt…paying DOWN that debt is like getting a guaranteed return on your money at whatever interest rate you’re paying down. So paying off a 20% interest credit card balance is like getting an immediate, guaranteed 20% return on your money - without ANY risk whatsoever.
THIRD: Retirement accounts
-Roth IRA
This is a retirement account where you can contribute and invest after-tax money, and then all of the profit within that account is COMPLETELY tax free after the age of 59.5. You’re able to open up one of these accounts and deposit up to $6000 PER YEAR if you’re under the age of 50…and if you’re over 50, you can contribute $7000 per year.
-Traditional 401K
This is an account that you invest PRE-TAX money into, and then you’re taxed when you begin withdrawing the money after the age of 59.5. Now, unfortunately, the “catch” here is that you end up paying taxes when you take the money OUT of the account in retirement…so it’s not exactly a “Tax free” investment.
-HSA Health Savings Account
This account is specifically used to pay any out of pocket medical expenses or charges that you incur…if you don’t use them one year, that’s fine, it all rolls over to the next year.
FOURTH: Low Risk Low Reward: High Interest Savings Account, CD, Bonds
First, a savings account is the most obvious choice - and there’s no shortage of high interest, online savings accounts that’ll pay you above 1.7% annually.
https://www.bankrate.com/banking/savings/rates/
Second, if you KNOW for sure you won’t be needing the money for a specific amount of time - you could look into putting your money into a CD, which will give you a slightly higher return while you continue saving.
And third…if you want to take a little more risk with your money, but still keep it fairly safe…we have Bonds.
A bond is basically just an IOU from a government, state, city, business…and again, most bonds are relatively safe.
FIFTH: Index Funds
An index fund is basically just an investment that tracks the overall market, and you’ll get to own a small amount of everything in one fund, for a low price. For MOST people watching this video…I’d probably recommend this route, because it’ll be your best risk vs reward in terms of how much money you’ll be making.
SIXTH: Individual Stocks
This is, by far - the riskiest from everything I’ve discussed - but, the payout potential could be much larger. This is because you’re placing a significant portion of your money within only a few specific companies, and your entire investment is dependent on those businesses doing well…so if you have a knack for picking stocks, and NOT trading emotionally…then it may work out for you.
SEVENTH: Real Estate
You could potentially buy a property up to $100,000 or so, and then rent it out. That could make you money in so many different ways, not to mention the tax benefits you’ll get of being able to write off all of your expenses, the equity you’ll gain by paying down the mortgage, and the potential appreciation of the building over time. All of which could increase your overall return dramatically.
*Not Financial Advice 😉
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com

By Stock Chat

where the coffee is hot and so is the chat

31 thoughts on “7 ways to invest $10,000 in 2023”
  1. Avataaar/Circle Created with python_avatars soja kia says:

    It's amazing to see AMC doing well after all the doomsday analyses from naysayers. The stock market is a device for transferring money from the impatient to the patient – warren buffet. It's good to remind people of this right now; you buy on fear and sell on greed or just hold through it all for the long term. It’s easy but lots of people forget.

  2. Avataaar/Circle Created with python_avatars Philipp Theil says:

    nice just change the year in the title, video still relevant

  3. Avataaar/Circle Created with python_avatars Happy Really says:

    So in other words give your money to someone to hold it for you. Then when you ready the money loses value. So your ten 10,000 become 3000, then it's 0 because your investment gone over night.

  4. Avataaar/Circle Created with python_avatars gym star says:

    How is this a three year video but it says invest in 2023

  5. Avataaar/Circle Created with python_avatars Just Ducky says:

    Is this a universal procedure, meaning for all to do or does it depend on age? I thought when you’re young, it’s best to be more risk adverse, but in this video it’s giving the most conservative approach.

  6. Avataaar/Circle Created with python_avatars Gary says:

    ahhhhh…the ol recycled video trick

  7. Avataaar/Circle Created with python_avatars Celia Hou says:

    Solid good advice and you made the points very clear.

  8. Avataaar/Circle Created with python_avatars Joe Daniel says:

    Most investors don't know how valuable Cryptos and stocks are. I have invested more in Cryptocurrency, especially Bitcoin and i'm still planning on purchasing more.

  9. Avataaar/Circle Created with python_avatars Joël Bonnet says:

    This is actually helpfull. 18 year old with his first bonus of 7k. Thanks

  10. Avataaar/Circle Created with python_avatars Leah Molly says:

    When you invest, you're buying a day you don't have to work

  11. Avataaar/Circle Created with python_avatars 4ToneTV ™ says:

    🔥🔥🔥🔥🔥🔥🔥🔥

  12. Avataaar/Circle Created with python_avatars Julio Fortis says:

    Comment

  13. Avataaar/Circle Created with python_avatars Tricia1964 says:

    But what if your already 59 years old ? What do I do with an extra 10 k

  14. Avataaar/Circle Created with python_avatars Josh says:

    Comment

  15. Avataaar/Circle Created with python_avatars Winter Storm says:

    just changed the year in the title for more clicks, shameless

  16. Avataaar/Circle Created with python_avatars FLEX says:

    This is bottom of the barrel advice for people just starting out in investing

  17. Avataaar/Circle Created with python_avatars Oliver Adams says:

    I understand the message you are trying to convey and I applaud your efforts. Current and future investments are needed to lift people out of poverty and fight inflation.
    There are many benefits to investing, especially when it comes to making the right investments, which requires thorough research, especially when choosing a relevant broker to invest in. Educational videos like this one help to raise investor awareness. I appreciate the effort YOU put into creating this content, thank you.

  18. Avataaar/Circle Created with python_avatars Natasha says:

    I read some of Brian tracy's books which has affected my finances positively, I had $ 15,000 which I used to start Stocks day trading, I should have been stranded when I lost my job some months back, but this makes me over $4k every fortnight, using the profits it to start my business so if you are looking for something solid and this counts it will help someone too

  19. Avataaar/Circle Created with python_avatars Jesbensom Michael says:

    Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally, and budgeting. I’m glad I learned early in life to work hard for financial freedom

  20. Avataaar/Circle Created with python_avatars J Chan Li says:

    I was a newbie in stocks when I made my first couple millions. I invested in trading stocks with the help of Dodai Neil, a licensed broker I met at a trade seminar in Missouri and he agreed to trade for me.

  21. Avataaar/Circle Created with python_avatars ReDiamondEgg says:

    Remember, 2020 is 2022

  22. Avataaar/Circle Created with python_avatars LBS🤑MATTER says:

    Yuppers

  23. Avataaar/Circle Created with python_avatars RchyCola says:

    Yeah for real bro nobody’s trying to invest to make $8000 in 30 years 😂😂 It’s not 1930 anymore

  24. Avataaar/Circle Created with python_avatars RchyCola says:

    I’m about $200 away from my personal savings 10,000$ I’m happy I found this video

  25. Avataaar/Circle Created with python_avatars Lynn Hartley says:

    Are there a y 6 month cds?

  26. Avataaar/Circle Created with python_avatars F4zie Tube says:

    Ill get rich by NexT summer!

  27. Avataaar/Circle Created with python_avatars Luis Soria says:

    Talk about click bait

  28. Avataaar/Circle Created with python_avatars Mike Plonka says:

    2020?

  29. Avataaar/Circle Created with python_avatars German Solorio says:

    Great video

  30. Avataaar/Circle Created with python_avatars Whisky Sounds Good says:

    👏👏👏

  31. Avataaar/Circle Created with python_avatars TheTarrMan says:

    Thanks

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.