Awhile ago I made a video about how to invest your first $1000, although since $1000 wasn’t enough to really see a sizable return, heres how to invest your first $10,000 in 2018. Enjoy! Add me on Instagram/Snapchat: GPStephan
Learn my exact strategies to help grow your career as a real estate agent to a six-figure income, how to best build your network of clients, expand into luxury markets, and exactly what you can do to begin taking your career to the next level…these strategies took me to $120,000,000 in sales volume: https://goo.gl/UFpi4c
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
*This is not investment advice, it’s purely my opinion, don’t listen to some random dude on the internet, and this is all for entertainment purposes only 😉
These would be my personal top 5 ways to invest your first $10,000 to get the most bang for the buck:
The first option could be to invest in a tax advantaged account like a Roth IRA or 401k. This would give you the one of the highest IMMEDIATE benefits of just about any other option you could take at the beginning. A Roth IRA is an account where you contribute your after-tax money, and your money grows tax-free until your 59.5. At that time, you can pull out all of your profit without paying any taxes on the gains. You also have the option of investing within a 401k…this is where you contribute money before you pay any taxes on it, it’s deducted from your total earned income that year, and you won’t pay taxes on that income. Both of these options would give you a really solid foundation long term. This is a set it and forget it strategy.
The second option to invest $10,000 would be individual stocks. Even though I’m personally not a fan of investing in individual stocks and I’d rather go for an index for simplicity’s sake, $10,000 is enough to see some really great returns if you’re an experienced trader or can pick well-performing companies and stocks. It’ll likely be better to invest in individual stocks within a tax advantaged account like an IRA or 401k, but you can play around with it in a taxable trading account and have access to your money whenever you want it. This would be a solid option for anyone looking to invest $10,000 and doesn’t mind researching and trading stocks - it can actually be pretty fun if you’re making money.
The third option is - REAL ESTATE. FYI: it’ll be hard to invest in real estate with only $10,000 unless you buy something in a very, very cheap part of the country - at which case, I’d recommend you also have some savings built up besides the $10,000 because things can and will break. But more realistically, a better option for $10,000 might be through a REIT. This stands for a real estate investment trust - these are companies that own a large portfolio of real estate, and you can buy in for pretty much any amount - often times the returns are given through dividends, which can be pretty decent. However, just be mindful of how these dividends are taxed - often times REIT dividends are taxed as ordinary income instead of long term capital games, so it’s much more beneficial to hold REIT within a tax-advantaged account to avoid paying more than you should. But REITs can be a great exposure to real estate without any work and minimal money.
The fourth suggestion might be to invest $10,000 into starting your own business. Really with this, the sky is the limit and you can make $10,000 go a long way. $10,000 could really be a good amount to buy the equipment you need, buy the advertising you need, set everything up - and begin making money. From everything on this list, starting a business would likely have the highest potential to make a TON of money - or the highest amount to lose it all. Just depends what type of business, how well you know it, and how dedicated you are to making it happen.
The fifth and final way to invest $10,000 is probably the most practical, but also the least exciting…but I’d put a big emphasis of using $10,000 and first paying down any high interest debt. By doing this, you’re pretty much just getting a guaranteed return at whatever the interest rate is. Before doing any of the above, make sure to pay off high interest debt that might be weighing you down.
For business inquiries or 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
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
Learn my exact strategies to help grow your career as a real estate agent to a six-figure income, how to best build your network of clients, expand into luxury markets, and exactly what you can do to begin taking your career to the next level…these strategies took me to $120,000,000 in sales volume: https://goo.gl/UFpi4c
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
*This is not investment advice, it’s purely my opinion, don’t listen to some random dude on the internet, and this is all for entertainment purposes only 😉
These would be my personal top 5 ways to invest your first $10,000 to get the most bang for the buck:
The first option could be to invest in a tax advantaged account like a Roth IRA or 401k. This would give you the one of the highest IMMEDIATE benefits of just about any other option you could take at the beginning. A Roth IRA is an account where you contribute your after-tax money, and your money grows tax-free until your 59.5. At that time, you can pull out all of your profit without paying any taxes on the gains. You also have the option of investing within a 401k…this is where you contribute money before you pay any taxes on it, it’s deducted from your total earned income that year, and you won’t pay taxes on that income. Both of these options would give you a really solid foundation long term. This is a set it and forget it strategy.
The second option to invest $10,000 would be individual stocks. Even though I’m personally not a fan of investing in individual stocks and I’d rather go for an index for simplicity’s sake, $10,000 is enough to see some really great returns if you’re an experienced trader or can pick well-performing companies and stocks. It’ll likely be better to invest in individual stocks within a tax advantaged account like an IRA or 401k, but you can play around with it in a taxable trading account and have access to your money whenever you want it. This would be a solid option for anyone looking to invest $10,000 and doesn’t mind researching and trading stocks - it can actually be pretty fun if you’re making money.
The third option is - REAL ESTATE. FYI: it’ll be hard to invest in real estate with only $10,000 unless you buy something in a very, very cheap part of the country - at which case, I’d recommend you also have some savings built up besides the $10,000 because things can and will break. But more realistically, a better option for $10,000 might be through a REIT. This stands for a real estate investment trust - these are companies that own a large portfolio of real estate, and you can buy in for pretty much any amount - often times the returns are given through dividends, which can be pretty decent. However, just be mindful of how these dividends are taxed - often times REIT dividends are taxed as ordinary income instead of long term capital games, so it’s much more beneficial to hold REIT within a tax-advantaged account to avoid paying more than you should. But REITs can be a great exposure to real estate without any work and minimal money.
The fourth suggestion might be to invest $10,000 into starting your own business. Really with this, the sky is the limit and you can make $10,000 go a long way. $10,000 could really be a good amount to buy the equipment you need, buy the advertising you need, set everything up - and begin making money. From everything on this list, starting a business would likely have the highest potential to make a TON of money - or the highest amount to lose it all. Just depends what type of business, how well you know it, and how dedicated you are to making it happen.
The fifth and final way to invest $10,000 is probably the most practical, but also the least exciting…but I’d put a big emphasis of using $10,000 and first paying down any high interest debt. By doing this, you’re pretty much just getting a guaranteed return at whatever the interest rate is. Before doing any of the above, make sure to pay off high interest debt that might be weighing you down.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
I made an acc memeing the accounts spamming and i put a real creators thingy on my page check it out. Thank me later.
Where is the best place to put money in ROTH IRA? I use fidelity
i created a ROTH ira in 2015 and put 100$ in it and now it only has $101… seems like i lost money
Make one for 2020
Can you reinvest your REIT dividends and avoid the tax?
I'll do funky kinda hidden off the hiway cabin vid. It's kinda cool in off grid cabin way.
I have been listening to a random guy on youtube about financial advise and let me tell you it works!
Can you do more video on REITs?
Anyone have opinions on Charles Schwab Roth IRA?
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1. Roth Ira and/or 401K (tax advantaged account) (Ex: Invest in VFIAX through Vanguard)
2. Individual Stocks
3. Real Estate and/or REIT
4. Start a Business
5. Pay Down High Interest Debt
I'm choosy so Korparate Klean smile!!!Ha Ha!!
How is Grant Cardone still alive…I got an ad for him
What’s up guys it’s Graham here
Waiting for 40.000$ video 🙂
Make a 2019 version!
Hi Graham, I’m considering investing in a 457 tax shelter annuity. I’d like to payroll deduct 30 dollars per bi weekly and put into real estate which AIG Valic was advising against. I already have a 403 B plan with 60 a month going into it since June 2002. I chose money market because I knew nothing of the stock market. It’s basically a savings account with 3.4 percent growth. I’m currently at 14,000. Thinking about becoming a first time home buyer and using this as a down payment. Otherwise I cannot touch this 403 B until I’m 59
Im still trying to understand how can I obtain an average of 8% on a IRA account???
401k is why people move to Florida
1) invest in a roth ira, well i put 5k in there earlier this week, luckily that money was tax free so I'm paying no tax now or in the future, feels good man
Talking bad about 9% loans while I'm over here sitting on 20k at 12%l from private student loans T.T
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a person who i look up to, btw is a millionaire, he tells me to put in the max in roth ira, guess i follow the right person
Good ideas
Why should I listen to you? You look like you're 19 years old. Plus you have a vulgar mouth. You are also giving investment advice with no license. That's illegal!
Is gold good?
Invest in crypto!
If you invest 10k from 18 to 65 you should have over 400k not 200k like you said.
Graham! Why are you addicting to listen too? What is it?
Hey Graham! I’ve always been a big fan of you and your videos. Thanks to you I’ve learned an incredible amount of info. Regarding your video on 401ks and ROTH IRA’s , would you be interested in learning about another vehicle where you can get an average return of 8-9% through the S&P 500, Euro Stoxx, and Hang Seng. With a GUARANTEE that you’ll never lose money, greater tax advantages than an Roth IRA, and far more greater contributions than a Roth. Definitely could be a information you could showcase on a Video. Have a great day GOAT
Blah blah blah
How can I find your Facebook private real estate group?
What are you thoughts 100k investment now? Seems difficult to find rental that has a good cash on cash return.
Wait for the market crash, you will lose over 50% of your 401K investment. Study economics cycles before investing in a S&P fund
Technically, wpuld your net worth be higher if you invest in a 401k over a roth? Even though it wouldnt rly matter
Hi Graham. I have been watching your videos for a while. They are very helpful, thank you for making them. I save money every month. Emergency fund aside, I'm thinking in 2 years I'll have enough to be able to put down for my first house. Now my question to you is if there is maybe a special account/stocks/bonds that I could deposit this money in every month and have it compound monthly to the amount I want. I just feel like I'm losing on the money by just having it sit in the bank over the 2 years. But I also know with stock it has to be a longer term investment, since I could lose the 8% return when I sell the stock if the prices dropped at the time I sell. Thanks