Investing is scary. It is challenging…
If you don’t know what you’re doing.
However, if you do know what you’re doing, investing can make you extraordinarily wealthy.
Young professionals have such a big advantage with investing. You have time on your side. So, it is so important to learn the basics of investing and start NOW.
With time, you can utilize the power of compound interest. You’ve heard me quote Einstein before:
Compound interest is the most powerful force in the universe. – Albert Einstein
If you can start investing now, and learn how to consistently make profits, you will be in an amazing place financially.
To help you do this, I brought in an author of two dozen non-fiction books, Russell Wild.
Russell is the author of numerous books, such as:
- Exchange-Traded Funds for Dummies
- Index Investing for Dummies
- One Year to an Organized Financial Life
- and more!
He has a lot of experience and shares so much great information. In this video, you’ll learn:
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Why not making a contribution to your 401k is just “plain dumb”.
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How you can get a guaranteed 50% return in the stock market.
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How you should set up your portfolio.
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A “dirty little secret” in the finance community.
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Which funds to avoid when investing.
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Different asset classes that can be in your portfolio.
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When Russell starts to get scared about stocks.
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How to rebalance your portfolio and take emotion out of investing.
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The two questions to ask yourself to determine your risk-return sweet spot.
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What index investing is.
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What ONE action you need to do today to get you on a path towards wealth.
Russell is spot on with his guidance. He has the experience to know what works, and what doesn’t. So watch, and re-watch this video to be sure and catch all of the wisdom that he shares. Then, evaluate your process and plans, and identify what you need to figure out to take your investing to the next level!
Path Forward:
- If you’re not already, just start saving and investing. The important part is to make these things a habit and take advantage of the power of compound interest!
- Max out any company match to your retirement fund. This is free money, as Russell says.
- Save more than you are now. Make a goal to save ___% more than you currently are next month. Make it a habit!
- If you’re interested in learning more about investing, and simple investment strategies that you can implement, get Russell’s books that I highlight above. Reach out to him for more information! He has a wealth of knowledge in the industry.
- Identify an investing strategy that works for you. Russell mentions a couple, but if you have any questions at all, reach out to me at [email protected], and I’ll help you do this!
- If you know someone that is interested in investing, share this video with them!
As for all articles on YoProWealth.com, please note the important disclaimer on advice provided and any potential affiliate links. All investing decisions should be discussed with a licensed professional.
“You can’t invest until you save.” Didn’t expect an investment expert to say that, but love that he did and agree! Great video, Austin!
I know! That “secret” surprised me as well, but he’s right!
Austin, these videos are great. The information was spot on for young investors and can’t wait to see more information from your blog.
Thanks, Alex. There will be more subject matter experts coming on to talk about taxes, career happiness, etc.
Wow, awesome stuff! Really love the advice here. Stay in stocks while they’re low, and you’ll almost always see a rebound. I could get rich watching this stuff! Thanks for posting!
Thanks, Paul. Russell does provide some outstanding tips. Most are easy to implement, and anybody can do them!
Great interview guys. Very informative!
Thanks, Justin!
What an enlightening and powerfully inspiring interview with Russell Wild, great Austin! This is 20 minutes of pure gold to watch and apply to become wealthy.
For sure! I appreciate the comment.
What a great interview! I really like how he stressed 401Ks and how important it is to take advantage of the company match no matter what!! Thanks Austin!
Yup, they add up quick!
“Make saving and investing a habit” – I LOVE this advice. You’d be amazed how easy it is to save when you just start doing it consistently. It actually becomes quite addictive! Thanks for the great interview and advice Austin and Russell 🙂
Exactly, Kate. Make it a habit and wealth is definitely within reach! It just builds and builds, and becomes so easy to do!
Thanks for the comment!
Whoa! You both know what you’re talking about. So much knowledge and I keep saying I’m going to take action and get on the wealth train. It’s happening but suuuper slow.
Get on the train. It starts out slow, but it picks up steam fast! And when the train starts trucking along, watch out. Nothing can stop it!
The difference between starting now and starting in 5 years is HUGE in the big scheme of things. Keep that focus and make it a habit.