Here’s a step by step guide of How to Invest in 2023 and the basic strategies to begin investing and growing your wealth - enjoy! Add me on Instagram/Snapchat: GPStephan
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First, for those just looking for a basic place to put their money, we have the almighty Ally Bank Savings Account that currently offers a 2% 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 around a 2% return.
Second…and this is arguably the most important part of this entire video…when it comes to investing, especially if you’re JUST starting out, is 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.
Now third, in terms of WHAT to invest in, my 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 8% return”…this is pretty much my advice. Long term, historically, over the last century, the stock market has returned about 8% annually, adjusted for inflation, with dividends re-invested.
Ok…number 4…and I figured I’d put this here instead of listing it back to back with the Roth IRA…but that’s setting up a Traditional 401k. This is an account where whatever you contribute is deducted from your total taxable income, and 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.
Now number 5…back to investment options. 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. You can just as easily open an account on Robinhood, invest in individual stocks commission free, and reap some pretty great returns.
Now Number 6…my favorite…obviously…is investing in real estate 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. Typically, you’re going to need about a 15-20% down payment - which could be a lot of money depending on where you’re planning to invest.
But real estate is my favorite for a few reasons:
The first if that you get immediate cashflow from renting it out.
Second, because of all of the tax deductions, most of that income you make is tax free
Third, you’re able to BORROW most of the money to buy real estate and slowly pay that off over time
Fourth, you’re building up equity as you pay down the loan - so eventually you’ll own it outright
And finally, the property is likely to increase in value over time
This is why it’s no surprise that 90% of the world’s millionaires are created through investing in real estate…and I’m absolutely no exception!
And finally…number 7…drum roll…is investing into a business. And this is probably where you can get the highest return from just about ANYTHING I’ve mentioned so far, or pretty much ANY other investment out there.
Now these are just a few ideas for you to go out and consider…some people might say forex trading, swing trading, etc, the list goes on. But as I mention time and time again, the higher the return, the riskier the investment, and that’s absolutely something to take into consideration.
For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq

By Stock Chat

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29 thoughts on “How to invest in 2023 how anyone can be rich”
  1. Avataaar/Circle Created with python_avatars Oneofakind says:

    He looks younger 😂

  2. Avataaar/Circle Created with python_avatars liu zhang says:

    I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.

  3. Avataaar/Circle Created with python_avatars Oneofakind says:

    Why did he upload a video on 2018 saying how to get rich in 2023? 🤔

  4. Avataaar/Circle Created with python_avatars Magnus Ruben says:

    CIT Bank offers a savings account that yields 4.85%. FDIC insured. Feels too good to be true 😬

  5. Avataaar/Circle Created with python_avatars olic12 says:

    This video is believable…

    "How To Invest in 2023", the video is from 2018. Has anything happened since 2018 that could change the content? No, I'll just change the title and description to look up to date…

  6. Avataaar/Circle Created with python_avatars AironG MC says:

    The constant change in the title is hilarious

  7. Avataaar/Circle Created with python_avatars EM says:

    I wanna think that if they don’t know what avocado toast is, they’re probably eating at home, which means probably good finances LOL I hope.

  8. Avataaar/Circle Created with python_avatars Madam Wilson says:

    Graham doing futuristic shyt 😂😂😂😂

  9. Avataaar/Circle Created with python_avatars Prudvi Raj Ogiboina says:

    What did he said finally?

  10. Avataaar/Circle Created with python_avatars Dan Houston says:

    I'll be 58 this summer. I'm planning to work into my early 79's. Is it too late for me? Seems like it would take too much time to see big money.

  11. Avataaar/Circle Created with python_avatars Andrei Popa says:

    Change the title make some more views XD!! Still a very good video!

  12. Avataaar/Circle Created with python_avatars Cipher says:

    Changing the title again bro

  13. Avataaar/Circle Created with python_avatars StayFocused says:

    You cannot tell me my man is just changing the title every year lol

  14. Avataaar/Circle Created with python_avatars Daishin says:

    hey gramb can you do a video on fractional reserve banking?

  15. Avataaar/Circle Created with python_avatars Ninad Ahmed says:

    After watching this for the third or fourth time, I finally liked this video

  16. Avataaar/Circle Created with python_avatars Nathan Sims says:

    The good old title switch for some extra views. Very smart Graham, very smart.

  17. Avataaar/Circle Created with python_avatars Kyle G says:

    every year Graham Changes the title and the description – hilarious

  18. Avataaar/Circle Created with python_avatars Stefan Andrei says:

    Nice title changing

  19. Avataaar/Circle Created with python_avatars Oliver Ong says:

    i use algebra everyday. im in IT.

  20. Avataaar/Circle Created with python_avatars Joao Vitor Neves Gerosa says:

    Yes, in 2023 for the 4th year consecutive he just changed the title

  21. Avataaar/Circle Created with python_avatars Zach Farr says:

    Everyone looked at the upload date when he said Facebook

  22. Avataaar/Circle Created with python_avatars Joshua Krutli says:

    How does this video relate to now that we’re in 2023

  23. Avataaar/Circle Created with python_avatars Julián Perico says:

    This didn't age well…

  24. Avataaar/Circle Created with python_avatars Conrad and Dad says:

    I want to quit my job so I can spend more time with my family, I wanna be rich and a stay at home dad, can you do a video on how I can do..well…that.?

  25. Avataaar/Circle Created with python_avatars Aaron says:

    Newest video from 2018 😂

  26. Avataaar/Circle Created with python_avatars Meghan Rogan says:

    Ally Bank savings interest rate up to 3.30% now 🙂

  27. Avataaar/Circle Created with python_avatars PricklyPear111 says:

    I feel so lucky. My employer puts 18 percent of my salary (I'm a physician) into my 403b and I contribute $0

  28. Avataaar/Circle Created with python_avatars Natalie Hinnes says:

    The key thing that should be on everyones mind currently should be to invest in different sources of income that doesn't depend on the government, pretty much how i made my first million. Especially with the current economic crisis around the world. i'm taking advantage of the low prices. I have a diversified portfolio that spread across stocks, grade bonds, coins and etfs. my broker Susan Kay Mack, handles all my investments and ensures I stay above the market.

  29. Avataaar/Circle Created with python_avatars MW 7 says:

    Thank you Graham!🥰🥰🥰🥰🥑🥂

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