How To Invest for Beginners (Step by Step)

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Publicado 2024-01-09
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If you are focused on increasing your net worth, then you should listen/watch the episode with Dave Ramsey next:    • Dave Ramsey: “100% of us have spendin...  

#66: Jeremy Schneider, founder of Personal Finance Club, has doubled his net worth by reinvesting since he retired at age 36. Think of this episode as an Investing 101 course, where Jeremy and Erika guide us through the basics of investing. It’s completely beginner-friendly, even if you’ve never invested! We cover the most common questions you have about investing, including:
- what is a stock?
- what is an index fund?
- ⁠what should I invest in?
- what is Compounding Interest?
- The 50-30-20 rule for investing

As promised, here is the link to join my course 3D Money - take control of your future and transform your money habits. erika.com/3dm

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Timestamps:
00:00 - Intro
02:01 - Jeremy's Money Philosophy
07:19 - How to start investing with $10 a month
14:01 - What is a Stock?
18:42 - What Stocks should I buy?
26:28 - What is S&P 500?
31:22 - After understanding index funds, what's next?
36:13 - Which index funds should people be buying?
43:17 - One common mistake of people in investing
44:54 - Sins when it comes to investing
53:59 - The best time to invest
55:06 - Jeremy Taught Me

Todos los comentarios (21)
  • @Erika2
    if you liked this video please leave a comment :) It'll help the algorithm know to show it to more people - I really think this is the video that can help so many people!
  • @williamyejun8508
    My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.
  • @wilsonkrusk8652
    Still with Tesla stock, investors can never be sure what will happen next, bearish periods ultimately establish a new set of stocks to buy and watch while setting the stage for a robust new uptrend. I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
  • @GomezZuk
    I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
  • @Emmanuel90970
    What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $200k stocks portfolio.what strategies should I employ?
  • @ericmendels
    Just discovered your channel with this video -- I was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet.
  • @ElkeHoffman233
    I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
  • @leemolnar8550
    Loved Erika’s (cart metaphors) visual. And Jeremy’s 2 Rules: 1. Live Below Your Means 2. Invest Early and Often
  • @aramispadilla
    You should do a new video about Blcktken300 ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
  • Nice video as always but here is my problem I have been making losses trying to make profit tradng cryptO. I thought tradng demo account is just like tradng the real market... can anyone help me out or at least advise me on what to do?
  • i like the way host (although knowledgeable) is asking very basic questions to guest with example and the guest explaining everything, perfect for those new or not new to investing to learn
  • The how to start investing with $10 a month really hit home and makes it so doable and practical for me since lack of money is always a problem. Really gives me hope instead of despair instead of “wishing that one day when I have enough money I can invest then if at all”
  • @PBlueturtle
    I have another illustration besides the one that Erika mentions at 25:10. Individual stocks are like one dish on a plate, like steak or a baked potato. If you only buy one individual stock, it’s like only getting a baked potato to eat. On the other hand, Index Funds are like a sampler plate where you get a little bit of everything to try out. This makes it easier for me to understand the whole thing.
  • @tacrewgirl
    Great actionable information. Thanks Erika for this interview.
  • @TiffanieMangArt
    this is the BEST explanation of investing for beginners i have ever heard
  • @kylebhiro7057
    can easily say, out of any piece of information i have read in my life regarding investing, or ANYTHING, i can already tell this episode with Jeremy has single handedly impacted my life so much. THANK YOU.
  • @lizziee596
    Wow this episode gave me so much Intel and made things more simple. Very well explained and definitely doable. I really enjoyed how everything was explained literally a 101 lesson makes me really understand investing better. Thank You Erika for this interview 🙏
  • @lakesnlawns222
    I cannot appreciate this video and Erika for it enough. Thank you so much ‼️💕
  • This is the best description of simple investing that i have seen. Thank you!