M1 FINANCE: "Open a FEE FREE Roth IRA here"
A lot of people overcomplicate personal finance and getting your money in order. In this video, I will be outlining the five simple steps to financial freedom that anyone can follow.
1️⃣ Look at your current financial situation.
Take a look at your income and expenses over the last 3 months. If you are consistently spending as much or more than you are earning, the very first thing you need to do is get your spending under control.
2️⃣ Eliminate bad debt.
Not all debt is bad debt. Responsible credit card use can improve your credit score and save you money on things like car insurance. What I am referring to here is the high interest credit card debt, medical bills or student loans. You want to pay off high interest debt before investing.
3️⃣ Save $1,000 quick.
The next step is to save $1,000 in a separate savings account. Personally, I like Ally Bank. Since they are an online bank, the rates are much better than traditional banks. Eventually, you want to save up enough to cover 6 months of expenses as an emergency fund.
Ally Bank ▶︎ https://www.ally.com/bank/online-savings-account
4️⃣ 401k contribution.
If your employer matches your 401k contributions, you should contribute at least as much as they will match. This is free money that is being offered to you.
Remember, not all 401k's are created equally!
Learn More Here ▶︎ https://www.thinkadvisor.com/2018/06/05/best-401k-plans-ranked-by-investors-j-d-power-2018/
5️⃣ Invest in a fee free Roth IRA.
The next step is to invest in a Roth IRA that does not charge any fees. This will allow you to grow your money tax free. M1 Finance is a great option for a fee free Roth IRA.
⭐ Learn More About Roth IRAs ⭐
M1 Finance Retirement Accounts ▶︎ https://www.m1finance.com/retire/?referrerCode=mP88Q
Free IRAs Offered By M1 Finance ▶︎ https://www.m1finance.com/free-ira/?referrerCode=mP88Q
What Is A Roth IRA ▶︎ https://www.rothira.com/what-is-a-roth-ira
FREE 5 Step Money Making Blueprint: http://www.ryanoscribner.com/start
Follow Me On Instagram: @ryanscribnerofficial
Ready To Start Making Money Online? 🙌💸
FREE 5 Step Money Making Blueprint
My 7 Online Business Secrets For 2019
FREE Affiliate Marketing Course
Steal My Business Model
Affiliate Marketing Facebook Group
Ready To Start Investing? 🤔💸
WEBULL: "Get a FREE STOCK just for signing up!"
BETTERMENT: "Passive investing, they manage everything for you."
FUNDRISE: "Passive real estate investing, 8 to 11% returns."
M1 FINANCE: "Invest in partial shares of stocks like Amazon."
LENDING CLUB: "Become the bank and make interest on loans."
COINBASE: "Get $10 in free Bitcoin (when you fund $100)."
MY INVESTING BLOG: “Learn how to invest today.”
Ready To Keep Learning? 🤔📚
Learn A New HIGH INCOME Skill
My Favorite Personal Finance Book
My Favorite Investing Book
My 2nd Favorite Investing Book
My Favorite Personal Development Book
Not a fan of reading? Join Audible and get two free audio books!
DISCLAIMER: Ryan Scribner, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Ryan Scribner’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.
HOLDINGS DISCLOSURE: Ryan Scribner holds the following stocks: General Electric (GE), Alibaba (BABA), JD(.)com (JD), Facebook (FB), Apple (AAPL) and National Grid (NGG). While reasonable steps are taken to keep this information updated, this list may not be the most current.