If you want to get closer to Financial Independence this year then you need to take action. In this video, I'll go through 5 things you should do with your money in 2020 to reach Financial Independence and Early Retirement. This is for anyone who would consider themselves a part of the FIRE Movement. Check out my Roth IRA playlist here:
📈 BLOOOM - FREE 401k and IRA Fee Analyzer. Are your 401k and IRA fees too high?
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💰 M1 FINANCE - Invest In Partial Shares For Free (I'll PayPay you $20 once your account reaches $1,000. This is a limited time offer so hurry up!)
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💵 ROBINHOOD - Free Investing Platform (FREE stock worth up to $200 when you open an account and fund it)
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💎 WEBULL - Free Stock Investing Platform (Get 1 FREE stock when you sign up and 1 FREE stock when you deposit $100)
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🏠 FUNDRISE - Start Investing In Real Estate The Easy Way! (I have money invested here)
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QAPITAL - Start A Savings Goal (FREE $20 when you fund your first savings goal)
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YOU'LL FIND THESE PLAYLISTS HELPFUL:
🏆 Financial Independence Retire Early Playlist:
💸 Side Hustle Playlist To Help You Make More Money:
💵 All Things Investing Playlist:
📈 M1 Finance Playlist:
📕 Learn How To Budget Playlist:
📲 Follow me on Instagram:
Set money aside for continued education. This can have a huge impact on your future income. The more skills you learn the more valuable you become to other people around you. They're willing to pay you for the things you know. You could even go as far as spending money on education that'll refine the current skills you already have.
Treat your personal finances like a business. Think like the CEO of a company that's trying to stay in business. Look at your money from an owner's point of view. Audit your spending to make sure it's not out of control, invest in new projects, and even look to increase your revenues wherever possible.
Continue investing. News outlets want to scare you with doomsday articles on how the stock market is at an all-time high or how the economy is going to go into a recession. This is all garbage and you shouldn't listen to it. Stick to what you know and continue investing your money with a long term approach.
Build up your emergency fund. Making sure you have your emergency fund topped off is only going to help prevent you from turning a great financial future into one that spins out of control.
Stop buying dumb things. It's time to cut out the useless spending everyone does from time to time. As we become more financially stable it becomes easier to lose touch.
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Disclaimer: This video is for educational purposes only. Please take all of my suggestions/recommendations and do your own research before making any decisions with your money. Contact a professional before trying anything that I talk about. I know you're smart and you'll use that big brain of yours :)
#FIREmovement #FinancialIndepdendence #EarlyRetirement
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