Here is exactly how to build wealth in your 20s, how to invest in 2021, and the best stocks / real estate / index funds to research for the rest of your life - Enjoy! Add me on Instagram: GPStephan
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FIRST: BUILD YOUR CREDIT SCORE
Those 3 numbers will dictate whether or not you get an apartment, are allowed a mortgage, get a car loan, have a low interest rate, or even PASS A JOB APPLICATION. So to do this:
- Go and apply for a free Discover It Secured Credit Card online.
-Sign up for a free credit monitoring website
-Wait 6 months and apply for a second no annual fee card
-Get a Charge Card
-Profit
SECOND: GET AS MUCH JOB EXPERIENCE AS POSSIBLE
I believe that your 20’s are REALLY such a good time to take a LOT of risk, try new careers, be as BUSY as possible, and THEN - see what sticks. Every job is going to give you a different skill set, that you can THEN leverage into your next position…while, each time you try something new, you’re going to learn what you like, what you don’t like, what you’re good at, what you’re BAD at - and, from there - I nearly guarantee you’ll make more money as a result.
THIRD: START A BUSINESS
The best way to make a ton of money and become wealthy, is by starting a business, and have that business be mobile. EVEN IF IT FAILS, or if you make NO MONEY from it - I promise, it’ll be one of the most valuable learning experiences you can get, and it’ll bring you SIGNIFICANTLY more life perspective than someone who has NOT run their own business. It’s something I like everyone should try at least ONCE, and your 20’s is the perfect time to do so.
FOURTH: INVEST EVERYTHING, IMMEDIATELY
THEN…in terms of WHAT to invest in…PERSONALLY…I would invest in equities, which include individual stocks, or a broad index funds likem VFIAX or VTSAX that covers it all. Just buy solid, long term stocks and index funds, and then don’t look at the the prices or sell for 30 years.
FIFTH: LIVE LIKE YOUR BROKE
I’ve said this before, but your 20’s are a free-pass to live like your broke, because no one expects you to have anything, anyway. You can live with your parents, you can live with room mates, you can drive an old car, you can be super cheap, you can live in a less desirable part of town…and NO ONE CARES.
SIXTH: MAKE SURE TO CREATE MULTIPLE STREAMS OF INCOME.
When 65% of millionaires have 3 or MORE sources of income…I would take that Into consideration, and do your best to DIVERSIFY as much as you can.
SEVENTH: STAY AWAY FROM BAD DEBT.
For myself, the ONLY debt I consider acceptable is a low interest rate mortgage, a business loan, or anything that actively makes you more money than what you pay in interest..if your debt doesn’t fall in THAT category, or you don’t absolutely NEED it…get rid of it.
EIGTH: STAY HEATHY
I’ve found that I do my best, most energetic, and productive work when I get a good night of sleep, I eat healthy, and I go to the gym on a regular basis.
My ENTIRE Camera and Recording Equipment:
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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. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/

By Stock Chat

where the coffee is hot and so is the chat

32 thoughts on “The 8 best ways to build wealth in your 20s”
  1. Avataaar/Circle Created with python_avatars Cleve Hancock says:

    Love you graham your the reason I’m heading in the right direction

  2. Avataaar/Circle Created with python_avatars TheBoyz305 says:

    Loved the video loved the transparency

  3. Avataaar/Circle Created with python_avatars Antonio Rosario says:

    The best way to find that balance between saving and living is by investing, This way you get to have your savings intact and then live comfortably off the revenue coming in from your investment.

  4. Avataaar/Circle Created with python_avatars Martin Godin says:

    I use to like Graham content, now it's become dull and redundant. But hey, you gotta get those view$ man. I respect the hustle but I'm out.

  5. Avataaar/Circle Created with python_avatars SadG29 says:

    As a 18 years old, i started working and already saved up 2k is my first job, been working for a whole month and 12 days i will be opening a business, but idk what to do yet, and get my credit card, because i wanna do real state

  6. Avataaar/Circle Created with python_avatars Mavz says:

    What Credit cards would you suggest for the fellow Europeans (Not in the UK) and a good Credit score tracking app?

    Thank you and keep up the incredible content!

  7. Avataaar/Circle Created with python_avatars Nicholas White says:

    This man really out here making careers

  8. Avataaar/Circle Created with python_avatars DaBeastWill Games says:

    "What's up Graham it's guys here" anyone else catch this??

  9. Avataaar/Circle Created with python_avatars Luke Kolthoff says:

    I always get told I’m a penny pincher because I’m making good money for my age but I want to invest in my self for the future

  10. Avataaar/Circle Created with python_avatars Bert Thegod says:

    20 just started learning about investing

  11. Avataaar/Circle Created with python_avatars sanquez says:

    God bless you…you’re so helpful I’m very thankful

  12. Avataaar/Circle Created with python_avatars Allison Ellayne says:

    What are all the Linux scam comments?

  13. Avataaar/Circle Created with python_avatars AngelReturns says:

    What brokerage should I use to get a ROTH IRA

  14. Avataaar/Circle Created with python_avatars Dankbruyo says:

    there’s a reason i’m still subscribed ❤️ never let me down

  15. Avataaar/Circle Created with python_avatars Brendan says:

    You do WAYYY too much body and arm motions when you talk. Its clear that its not natural for you to do it, you think you have to just to make yourself less static. Be yourself. I cant watch or listen to these videos because of that and your voice

  16. Avataaar/Circle Created with python_avatars Auguste COUTURE says:

    I’m not American so it doesn't really change anything for me but I don't understand Roth IRA… what is the counterpart ? Easy money doesn't exist so why would you get 2M$ just for saving 6k a year ? I don't get it.

  17. Avataaar/Circle Created with python_avatars Paul M. McKinney says:

    Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life

  18. Avataaar/Circle Created with python_avatars ACE Automotive says:

    I think this is a sign that i should finally open my own auto detailing business. There’s one source of income, stocks is the second, and maybe even start posting detailing videos for a side income. Thanks for the push.

  19. Avataaar/Circle Created with python_avatars Jarrell Shafer says:

    Forsure, Jordan Belforts lost seed

  20. Avataaar/Circle Created with python_avatars Weiner says:

    More bots in the comments than dollars in Grahams account 😬

  21. Avataaar/Circle Created with python_avatars Nelsen Griffith says:

    dude i send your channel to EVERYONE. no one at least in Gen Z has anyone helping them with finance. school is the worst it’s ever been and jobs take advantage of everyone. this information is essential

  22. Avataaar/Circle Created with python_avatars chef boyardee says:

    studying finance in a poor country just makes me realise even more that this is not very possible in you are not american

  23. Avataaar/Circle Created with python_avatars 27warewhare says:

    Why are there so many people commenting about Linux Tech Corps

  24. Avataaar/Circle Created with python_avatars Reven-pots MeYouSic says:

    How you talk and body language gives me the vibe of Jordan Belford 😁

  25. Avataaar/Circle Created with python_avatars Chivo Castro says:

    I am joining the military my father left me a house I am planning on buying a second house to rent until it pays it off then getting a mortgage against their house and getting a third house and keep repeating the process until I own a few houses in which I can make a few thousand dollars a month retire from the military with a health pension and collect money for renters….

    Dreams.

  26. Avataaar/Circle Created with python_avatars Eric Whitehead says:

    This video is exactly what I've been thinking about during my gap year. I cant wait to go to the bank and open up that tax free retirement savings account. Life feels really exciting and I'm happy that there are people like you out there to spread the knowledge.

  27. Avataaar/Circle Created with python_avatars ChrispyChicken says:

    The charge card he recommended has a $250 annual fee… is there another one of similar quality that has no annual fees?

  28. Avataaar/Circle Created with python_avatars Joliliksi says:

    Did no one notice how he said, “what’s up Graham, it’s guys here.” I thought I was tweaking 😂

  29. Avataaar/Circle Created with python_avatars Sydni Mapu says:

    i’m 20 years old with absolutely 0 knowledge in finances & real estate. i’ve been terrible at saving. my credit is good could be better. better i’m so pumped and motivated to learn and get better and be knowledgeable!! i’m so excited

  30. Avataaar/Circle Created with python_avatars jonah mammen says:

    Graham you give us so much value for free it's kinda crazy

  31. Avataaar/Circle Created with python_avatars The6FootAsian says:

    [thank you note] [personal (totally not fake) story] [linux tech corps plug] [keep it up]

  32. Avataaar/Circle Created with python_avatars Ιωάννης Σιντόρης says:

    The amount of value you get from Graham's videos is truly remarkable.. Wow!

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