The Middle Class Just Got FINANCIALLY RUINED

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Click Here To Try Out TrueBill! http://www.truebill.com/graham - Enjoy! Let's discuss the disappearing middle class, why savings rates are declining, and how you can prepare - ahead of time. Add me on Instagram: GPStephan GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: http://www.public.com/graham Trade Bitcoin, Doge, and other crypto with zero fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF FIRST: HAVE A BUDGET BY TRACKING YOUR EXPENSES AND REDUCING UNNECESSARY SPENDING. No joke, without exaggeration…if you JUST do this one step, and skip the rest of this video, trust me, you’ll be ahead of probably 99% of the ENTIRE US population. SECOND: CREATE AN EMERGENCY FUND OF AT LEAST 3-6 MONTHS WORTH OF YOUR EXPENSES. Having a this type of 3-6 month emergency fund means you won’t have to rely on credit cards to pay your way through any type of unexpected event, you won’t have to sell stocks or other investments at a time where they might have declined in value, and you won’t have to take on high interest debt if something were to happen. THIRD: TAKE ADVANTAGE OF RETIREMENT PLAN MATCHING. Many employers offer what’s called a 401k employer match, where they will match your contribution, dollar for dollar, up to a certain amount in a 401k retirement account. FOURTH: BEGIN TO PAY OFF off ALL HIGH INTEREST RATE DEBT. The FIRST is called the “Avalanche Method" - This works by paying off the HIGHEST interest rate debt first, and then working your way down until everything is completely paid off. The SECOND method is the Dave Ramsey approach, and that’s called the snowball method. This works by paying off the smallest BALANCE, first, regardless of the interest rate, and once that’s paid off, using that extra money to pay off the rest. FIFTH: USE THAT MONEY TO INVEST BACK INTO YOURSELF…SO THAT YOU CAN MAKE MORE MONEY. This could be buying books, this could be learning a new skill, this could be investing back into your business…self education and improvement, in my opinion, is absolutely vital at this stage. SIXTH: INVEST IN A ROTH IRA This is an account that allows you to invest your after-tax money, and when you’re 59.5, all the profit you make within that account is completely TAX FREE. SEVENTH: INVEST IN A TAXABLE ACCOUNT This means that you have your brokerage account where you just buy / invest in long term assets, only once you've done the previous 6 steps. This isn’t meant to be something you do in a week, some people could potentially take YEARS to get to the point where they have all of this in order…but I gotta say, from what I’ve seen, nearly EVERY wealthy person I’ve met follows these steps and that allows them to focus on the FINAL part of this video, by increasing their income even further…and subscribing if they haven’t done that already. My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB 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/

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00:14:41

"No More Income Taxes!" - The 10% Trump Tariff Explained

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Graham Stephan check_circle

229K views 1 week ago

,Take your personal data back with Incogni! Use code GRAHAM at the link below and get 60% off an annual plan: https://incogni.com/graham | Let's talk about the Donald Trump Tariff Plan and how this could affect the economy in 2025 - Enjoy! Add me on Instagram: GPStephan GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter WHAT IS A TARIFF: A tariff is essentially an extra "tax" imposed when importing goods from one country to another, designed to make foreign products more expensive and encourage consumers to buy locally, which benefits the domestic economy. However, it's important to note that this 'tax' is paid by the person or company importing the products - not by the country that makes the product. So, if Apple imports from China - Apple is responsible for paying the tariff - not China. BENEFITS OF TARIFFS: -They protect US Companies from Foreign Competition. -Increased Job Growth. -Higher Government Revenue. -Favorable Trade Negotiations. DOWNSIDES OF TARIFFS: -Higher Prices For Everyone -Retaliation From Other Countries -A Decline In Economic Growth -Less Competition Could Lead to Less Innovation TARIFFS IN 2025: On November 25th, it was announced that Trump would enact an executive order to create “an additional 10% tariff on Chinese imports, as well as an additional 25 percent tariff on Mexico and Canada.” These tariffs would continue until China, Mexico, and Canada addressed the movement of 'bad things' and undocumented people across the US border - and, the impact could be pretty significant. After all, in response to these announcements, “Canada and Mexico said that they would retaliate with tariffs on U.S. products if tariffs on their U.S. exports were imposed” - and, as you would expect, China reflected the same sentiment, shortly after. Mexico’s president even said that “neither threats nor tariffs will solve the issue of migration or consumption of bad things." (I made this PG for YouTube). IMPACTS: If history is any indication, Trump can move forward with tariffs using rather specific law, they wouldn’t be the “economic boom” that some people think it would be, and instead, it’s said that “The measures proposed could hit a number of strategic US industrial sectors hard, add approximately $272 billion a year to tax burdens, raise goods prices, lift interest rates, and sap strength in an already-vulnerable household sector.” To make matters worse, in terms of existing tariffs: In 2022, they generated $80 BILLION DOLLARS for the US Government - which, was just 2% of all tax revenue - enough to keep the government running for just 15 days. This pretty much suggests that it would be IMPOSSIBLE to fund the US government with tariffs alone, and this is purely ‘wishly thinking’ with no chance of actually becoming a reality. WHY TARIFFS NEXT YEAR? The reality probably lies somewhere in the fact that the upcoming administration believes that our reliance on China is seen as a bad thing, both economically and politically - and, he could threaten tariffs as a way to negotiate a more favorable trade deal for the United States. The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://creatoracademy.lpages.co/ - $100 OFF WITH CODE 100OFF My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB For business 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.

00:12:12

The Next Great Reset | Why The UK Is Collapsing

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Graham Stephan check_circle

1 views 2 years ago

,Let's discuss the England / U.K. Banking & Bond Crisis, the chances of a global recession, and what this means for all of you watching - Enjoy! Add me on Instagram: GPStephan | FOLLOW MY NEWSLETTER FOR URGENT UPDATES HERE: http://grahamstephan.com/newsletter GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: http://www.public.com/graham Trade Bitcoin, Doge, and other crypto with low fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF THE BANK OF ENGLAND: This begins with what’s known as a “Defined Benefit Plan,” where employees are promised a proportion of their salary throughout retirement. To ensure that the Pension properly funded, there needs to be a certain amount of money to generate enough of a return to pay out their population - and, they do this by buying bonds. In a normal market, a fund could very well borrow money - buy bonds - and then pay the loan back while making a little extra profit. But, in a 2022 market, where bond values are declining….those same funds would borrow money…collect less from the bond than they were expecting…and, OWE MONEY by the end of the term. Typically, Funds like this have cash on hand to cover any type of unexpected emergencies, but when funds were losing money at such a fast pace - they ran out of cash reserves and couldn’t come up with enough collateral, which forced them to sell anything they could to stay afloat. This led to a “Bank Run” where - pensions began selling UK Bonds to reduce their exposure to falling prices…which then…caused prices to fall…causing more pensions to sell…causing prices to fall further…and, pretty soon…they completely run out of liquidity. As a result, the Bank of England made the choice to step in and PURCHASE falling bond prices to stabilize the market - essentially acting as a backstop to prevent prices to falling any further. However, the LARGER issue isn’t so much the UK Bond Market Collapse - but, instead, the fact that the world is quickly losing faith in their government, who they believe may not be equipped to handle whatever fallout could come in the near future. Because of this global turmoil, inflation has become a WORLD WIDE problem, and countries are constantly looking for a safe place to park their money. Since the United States raised THEIR interest rates the fastest, and is seen as the most secure, everyone is buying up the Dollar. Even though this can be good for the United States, our imports become less expensive, and that can help drive inflation down, for the REST OF THE WORLD, they’re spending MORE OF THEIR OWN CURRENCY to buy those US dollars - and, that poses a substantial risk that - the dollar could simply become too expensive, and eventually do more harm than good. In fact, based on one reported estimate from Credit Suisse, “every 8% to 10% jump in the dollar leads to, on average, a roughly 1% hit to U.S. companies’ profits.” But, in terms of the impact HERE in the United States, for most of the SP500 that operates internationally…a strong dollar is seen as a NEGATIVE for revenue and growth - and, as a result - the market has fallen. For example, it’s noted that “non-domestic sales of companies in the S&P 500 make up around 35% to 40% of total revenue” - so, a stronger dollar puts more strain on their international customers to make purchases. On top of that, it’s said that “industrials, materials, consumer staples and technology are the most sensitive to a stronger U.S. currency,” and - when they make up a large portion of the index - it’s inevitably going to drive prices down alongside with it. My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB 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/

00:12:55

How To Be A Millionaire In 10 Years (Starting With $0)

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Graham Stephan check_circle

1 views 2 years ago

,Lets discuss how to build a million dollar net worth, starting from $0, in 10 years - Enjoy! Trade Bitcoin, Doge, and other crypto with low fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham - Add me on Instagram: GPStephan GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: http://www.public.com/graham GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF HOW TO BE A MILLIONAIRE IN 10 YEARS: ONE: You NEED to save as much money as possible. As simple as it might be to say: without this part, the ENTIRE plan fails…and, when it comes to increasing your net worth, at the end of the day…it doesn’t matter how much you make…but instead, how much of that you’re able to save. TWO: You ALSO need to make a lot of money. Working ANY job that pays based on RESULTS or individual TASKS…your income will SKYROCKET, because NOW - hours no longer make a difference. Personally, I think sales are one of the most under-rated careers out there, because it often serves as a stepping to earning a higher income, while teaching you everything you need to know about time management, customer service, and efficiency….not to mention, it could also provide funding for just about anything else you want to do, later. THREE: Realistically, you’ll also have to invest your money. As an example, just consider this: If you SAVE your way to $1,000,000 in 10 years…you’ll have to put away $273, every single day - or, $8333 per month - to make that a reality. BUT…if you just INVEST that money, instead….you can get there with “just” $158 per day, or $4750 per month, while averaging an 8% return…or, in other words…you need substantially less if you’re consistently putting your money to work. THE PRACTICAL STEPS: First, cut back as many expenses as much as you possibly can. Figure out the BARE MINIMUM that you need to survive, with some discretionary spending thrown in every now and then…and, from that point on- anything you make above that amount will be automatically invested. Second, determine how you can make more money. Perhaps look into switching careers, learning a trade, starting a side hustle, or starting a low-overhead business from home. The fact is, this isn’t going to be possible if you earn under $50,000 per year…but, the GOOD NEWS is that there are PLENTY of ways to make extra money, if you’re willing to put in the time. Third, once you have enough money saved up - I would highly recommend you reduce, or even eliminate your entire housing cost by investing in a multi-family property. This is where you buy a multi-family home, like a duplex, triplex, or fourplex, then live in one of the units and rent the others out. Typically, when done right, those other units will cover the entire cost of owning the building - and all of a sudden, you’ve got a free place to stay, while allowing you more money left over to re-invest. And fourth, you can keep repeating that process every 2-3 years. For example, banks allow you to get a low interest rate loan, as a primary residence, with up to 4 units - as long as you intend on living there for a year. That means, you can buy a cash flowing property - move in one of the units…wait for another one to come along…buy that, rent out the previous unit…and start the process over again, while gaining equity and cashflow at the exact same time. At the end of the day, building up a $1 million dollar net worth is all about numbers - and, even though your spending tends to be the EASIEST to control and point you in the right direction - your income is the speed at which you’ll hit your target. My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB 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/

00:11:15

RECESSION ALERT: The Debt Crisis Countdown Has Begun

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Graham Stephan check_circle

1 views 2 years ago

,Lets discuss the $30 Trillion Dollar US Debt, why the Federal Reserve is raising rates, and how this could be a problem for the future of the market - Enjoy! Add me on Instagram: GPStephan GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: http://www.public.com/graham Trade Bitcoin, Doge, and other crypto with low fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF THE DOLLAR MILKSHAKE THEORY: This is based on the fact that - the US dollar serves as the reserve currency for the entire world. However, as other countries begin to slow down, relative to the United States, their currencies DECLINE in value, making it more expensive to pay for good and services in US dollars…right at a time where they can least afford it. It’s called a “Milkshake Theory” because - in this scenario - the US would extract more dollars from around the world, resulting in cascading defaults throughout every other large economy. All of that is to say that - people are borrowing more, to pay for products and services that cost more, and - if the economy enters a sharp, and sudden recession - DURING a time where interest rates are going UP - people may have a MUCH MORE difficult time paying down their debts. Effectively, borrowing can only be sustained for so long until - eventually - it’s going to result in a time in which people begin to cut back…substantially. In fact, JP Morgan just recently came on record to say that “they’re bracing themselves and we’re going to be very conservative with our balance sheet” - while, at the same time, banks become WAY more careful in terms of who they lend money to. On the one hand, in terms of our own National Debt - some experts say that - when you look at our debt, in relation to how much we MAKE - it’s actually NOT that bad, and we’re actually quite a lot lower than many other countries. You can see here that, sure, we might OWE the most amount of money…but, we also MAKE quite a lot of money, as well. HOWEVER…others say that this debt is a a massive issue…because, over the next three decades…it’s projected to increase past 200% of GDP…at the same time when “interest payments” would be the single largest US Expense. At that point, social programs and spending would be severely reduced - and, we’d be forced to go further and further into debt, hurting our entire economy as resources dry up. That’s why - we’re in a weird spot. On the one hand, The National Debt isn’t an urgent issue - and, it could be easily swept under the rug for another few decades…BUT…we ALSO can’t have an economy with perpetual 8% inflation…so, there’s no other choice but to raise interest rates, shock the market, and then - hope that demand will eventually match supply. So, in terms of what to PRACTICALLY DO…realistically, it’s best to stay away from ANY AND ALL CONSUMER DEBT, avoid variable interest rate loans, and ALWAYS do your best to save at least 20% of your income. This should put you in a better position to weather any economic uncertainty, and continue investing during a time where prices are lower. My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB 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/

00:11:50

The Warning Of Hyper Inflation | DO THIS NOW

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1 views 2 years ago

,Go to http://public.com/graham and use code GRAHAM and you’ll receive a randomized free stock worth up to $1000 once you open an account! Add me on Instagram: GPStephan | Add me on Instagram: GPStephan Trade Bitcoin, Doge, and other crypto with low fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF JULY 2022 INFLATION READINGS : The HIGHEST category throughout this last month was almost completely isolated to ENERGY, with an overall increase of 7.5% month over month. This includes a whopping 10.4% increase in the cost of energy commodities, and an 11.2% increase in the cost gasoline. The other type of utility gas was also up by 8.2%…leading, of course, to that headline number increasing SO MUCH higher than expected. https://www.bls.gov/news.release/cpi.nr0.htm On top of that, food also increased by another 1% this month, while new and used vehicles increased by another 0.7% and 1% respectively. Finally, rental costs increased by 0.8%, which was the largest monthly increase since April of 1986….and, medical care rose by 1.9% in dental services, which was the largest monthly change EVER recorded. Now, the good news is that, when you EXCLUDE food and energy prices…Core Inflation STILL came in high, at 5.9%, BUT, it’s at the same pace as the month prior - suggesting that - maybe - inflation is beginning to peak? After all…so far, in the month of July…oil prices have fallen below $100 per barrel…car repos are beginning to add slightly more inventory on to the market…and, commodities are falling on fears of a recession. That, in turn - should soon cause CORE CPI numbers to fall, assuming there isn’t another black swan event that we can’t predict…and, at the end of the day: Energy prices are being skewed by overseas tension…which, the Federal Reserve will have very little of an effect on. The truth is, inflation numbers like these are a SLIGHTLY lagging indicator…and, even though we can CERTAINLY see that prices are going UP…July’s data is going to be a LOT more telling now that people are cutting back, and some sectors are beginning to soften. HOWEVER…let's be real: if you own stocks, and you intend to hold them for the next few decades…then, why would it matter if the prices drop further? You should see this as: There’s a Black Friday sale, I’m going to continue buying as I would, normally - and now, I happen to get a good deal. If prices then drop even further, same thing…I’ll continue buying. My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com *This is a paid endorsement for Public.com. Offer valid for U.S. residents 18+ and subject to account approval. This is not a recommendation. You can lose money with any investment. Open To The Public Investing is a member of FINRA & SIPC. Regulatory and firm fees apply. See Public.com/disclosures/ *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/

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The Middle Class Just Got FINANCIALLY RUINED

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Graham Stephan check_circle

1 views 2 years ago

,Click Here To Try Out TrueBill! http://www.truebill.com/graham - Enjoy! Let's discuss the disappearing middle class, why savings rates are declining, and how you can prepare - ahead of time. Add me on Instagram: GPStephan GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: http://www.public.com/graham Trade Bitcoin, Doge, and other crypto with zero fees on FTX. Use my referral code GRAHAM and get up to $100 FOR FREE: https://ftx.us/partners/graham NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF FIRST: HAVE A BUDGET BY TRACKING YOUR EXPENSES AND REDUCING UNNECESSARY SPENDING. No joke, without exaggeration…if you JUST do this one step, and skip the rest of this video, trust me, you’ll be ahead of probably 99% of the ENTIRE US population. SECOND: CREATE AN EMERGENCY FUND OF AT LEAST 3-6 MONTHS WORTH OF YOUR EXPENSES. Having a this type of 3-6 month emergency fund means you won’t have to rely on credit cards to pay your way through any type of unexpected event, you won’t have to sell stocks or other investments at a time where they might have declined in value, and you won’t have to take on high interest debt if something were to happen. THIRD: TAKE ADVANTAGE OF RETIREMENT PLAN MATCHING. Many employers offer what’s called a 401k employer match, where they will match your contribution, dollar for dollar, up to a certain amount in a 401k retirement account. FOURTH: BEGIN TO PAY OFF off ALL HIGH INTEREST RATE DEBT. The FIRST is called the “Avalanche Method" - This works by paying off the HIGHEST interest rate debt first, and then working your way down until everything is completely paid off. The SECOND method is the Dave Ramsey approach, and that’s called the snowball method. This works by paying off the smallest BALANCE, first, regardless of the interest rate, and once that’s paid off, using that extra money to pay off the rest. FIFTH: USE THAT MONEY TO INVEST BACK INTO YOURSELF…SO THAT YOU CAN MAKE MORE MONEY. This could be buying books, this could be learning a new skill, this could be investing back into your business…self education and improvement, in my opinion, is absolutely vital at this stage. SIXTH: INVEST IN A ROTH IRA This is an account that allows you to invest your after-tax money, and when you’re 59.5, all the profit you make within that account is completely TAX FREE. SEVENTH: INVEST IN A TAXABLE ACCOUNT This means that you have your brokerage account where you just buy / invest in long term assets, only once you've done the previous 6 steps. This isn’t meant to be something you do in a week, some people could potentially take YEARS to get to the point where they have all of this in order…but I gotta say, from what I’ve seen, nearly EVERY wealthy person I’ve met follows these steps and that allows them to focus on the FINAL part of this video, by increasing their income even further…and subscribing if they haven’t done that already. My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB 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/