Investing in your 20s is the best...I repeat...BEST thing you can do to set yourself up for success.

When I was 20 years old, I was broke.

I didn't know anything about investing, I didn’t know what a mutual fund was, I didn’t know how to invest in the stock market, I barely had $100 to my name.

By the end of my 20’s I had paid off all of my debt, I was investing in a 401K, I had maxed out my Roth IRA, I was on top of the investment world. I had it all figured out.

How did I do this? I found the 7 rules to investing in your 20s.

Most people assumed that since I was a finance major I should know about investing. The truth is they didn’t teach you that in college. When I started my career, I didn’t know how to invest. But I got real world experience and knowledge when I started my career as a financial advisor.

I started investing with as little as $25/month. I should have started with more, but I felt good with what I was doing. Those first mutual fund investments taught me how to get started in my 20s.

So let’s take a look at those 7 Rules:

➡️ 1. Just freaking start [2:40] - It doesn’t matter where you start investing - just START somewhere.

➡️ 2. Respect compounding interest [5:28] - Many people do not understand or appreciate the power of compounding interest. Let’s look at an example at 20 yrs. old investing $300/month with 8% return - you will have a one million dollars by the time you are 60. 💰 At 30 yrs. Old with the same investment you will have $440,445.

➡️ 3. Uncover those golden eggs [7:03] - When it comes to investing you only know what you know. Until you actually start investing you are not going to know what is out there.

➡️ 4. Choose tax-free status [8:38] - This contradicts what Dave Ramsey will tell you. I suggest that you start with the Roth IRA vs. the 401K. With a Roth IRA, you have to open your account and choose your investments (you will learn more).

➡️ 5. Invest in your number 1 Asset [10:20] - That number one asset is YOU. Invest in yourself. You can start this by reading books, attending conferences, etc.

➡️ 6. Understand the power of the side hustle [12:35] - Do you want to be in control of your future? That is what the side hustle can give you. It doesn’t happen overnight, but with work it will happen.

➡️ 7. Do what the wealthy do [13:58] - When you start in your 20s this might be tough but one way I started was opening a self-directed retirement account. The wealthy invest in real estate. 🏠🏠 You can do this with real estate notes or a platform like Fundrise.

It doesn’t matter where you are in your investment journey. If you are a rookie or if you have experience and want to learn more - if you are in your 20’s these are 7 rules that you can 10x where you are right now.

It is all about getting started!