{"id":59413,"date":"2024-06-14T08:28:39","date_gmt":"2024-06-14T12:28:39","guid":{"rendered":"https:\/\/www.iwillteachyoutoberich.com\/?p=59413"},"modified":"2025-04-24T19:21:26","modified_gmt":"2025-04-24T23:21:26","slug":"investing-for-beginners","status":"publish","type":"post","link":"https:\/\/www.iwillteachyoutoberich.com\/investing-for-beginners\/","title":{"rendered":"Investing for Beginners: A Quick and Easy Guide to Investment"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"59413\" class=\"elementor elementor-59413\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4bd52273 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"4bd52273\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2ed16ead\" data-id=\"2ed16ead\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94449f1 elementor-widget elementor-widget-text-editor\" data-id=\"94449f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Investing is the single most effective way <a href=\"https:\/\/www.iwillteachyoutoberich.com\/3-proven-steps-anyone-can-take-to-become-rich\/\" target=\"_blank\" rel=\"noopener\">to get rich<\/a>. But many of you mistakenly believe that investing is something complex and fancy requiring a huge chunk of your time.\u00a0<\/p>\n<p>It doesn&#8217;t have to be! In this post, I&#8217;ll take you through my beginners&#8217; guide to investing so that you can get started right now.\u00a0<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:image {\"align\":\"center\",\"id\":44994,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} --><\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><\/figure>\n<div style=\"all: initial;\">\n<div style=\"position: fixed; z-index: 2147483647; inset: 16px; pointer-events: none; font-family: sans-serif;\">\u00a0<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c724ea elementor-widget elementor-widget-heading\" data-id=\"1c724ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">My Personal Take on Investing<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-241f1b9 elementor-widget elementor-widget-text-editor\" data-id=\"241f1b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In relationships and work, we want to be better than average. In investing, average is great.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So ignore the allure of flashy investment tactics that promise you overnight wealth. Average might sound boring and unsexy, but choose to be rich over sexy. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">When it comes to investing, you just have to do these three simple things:<\/span><\/p>\n<p><!-- \/wp:paragraph --><!-- wp:list --><\/p>\n<ul>\n<li>Pick <span style=\"font-weight: 400;\">a <\/span><a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-to-invest-in-index-funds\/\"><span style=\"font-weight: 400;\"><strong>low-cost index fund <\/strong><\/span><\/a><span style=\"font-weight: 400;\">that <\/span> tracks the S&amp;P 500.<\/li>\n<li>Automate your investments every month.<\/li>\n<li>Let your money grow over time.<\/li>\n<\/ul>\n<p><!-- \/wp:list --><!-- wp:paragraph --><\/p>\n<p><span style=\"font-weight: 400;\">Once you&#8217;ve set these up, you can start following my Ladder of Personal Finance approach. (which I&#8217;ll show you below)<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88c3e81 elementor-widget elementor-widget-heading\" data-id=\"88c3e81\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Benefits of Investing Early<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3890bdb4 elementor-widget elementor-widget-text-editor\" data-id=\"3890bdb4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p><!-- \/wp:image --><!-- wp:paragraph --><\/p>\n<p><!-- \/wp:shortcode --><!-- wp:heading --><\/p>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Every year you wait to get <span style=\"font-weight: 400;\">started with <\/span><strong><a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-to-invest-more\/\">investing<\/a><\/strong><span style=\"font-weight: 400;\">, you<\/span> miss out on thousands of dollars. Here&#8217;s an example:<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:image {\"align\":\"center\",\"id\":44990,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} --><\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" class=\"wp-image-44990\" src=\"https:\/\/iwtoldproddev.wpengine.com\/wp-content\/uploads\/pasted-image-0-624.png\" alt=\"\" \/><\/figure>\n<p><!-- \/wp:image --><!-- wp:paragraph --><\/p>\n<p>Dumb Dan invested for <em>20 more years<\/em> than Smart Sally but is still behind by $50,000. Meanwhile, Smart Sally has $200,061 in just 10 years. She just started early and continued to invest over time.\u00a0<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>To make sure you\u2019re investing regularly, I recommend setting it up <em>automatically<\/em>, so you don\u2019t need to think about doing it. This is the best way to take advantage of human psychology: we all get unmotivated, distracted, and forgetful. By setting up <a href=\"https:\/\/www.iwillteachyoutoberich.com\/all-about-automatic-investing\/\" target=\"_blank\" rel=\"noopener\">an automatic system<\/a>, you\u2019ll continue investing even when you\u2019re busy or focused on other things.\u00a0<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><\/p>\n<p><!-- \/wp:cover --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c90f29f elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"c90f29f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1a65f50\" data-id=\"1a65f50\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab7a661 elementor-widget elementor-widget-heading\" data-id=\"ab7a661\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Ladder of Personal Finance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11bdd57 elementor-widget elementor-widget-text-editor\" data-id=\"11bdd57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Each rung of the Ladder of Personal Finance builds on the previous one, so when you finish the first, go on to the second, and so on.\u00a0<\/p>\n<p>Wherever possible, I recommend automating every step as you go up the Ladder. If you can\u2019t get to the sixth rung yet, don\u2019t worry\u2014do your best for now:<\/p>\n<h3 id=\"h-rung-1-contribute-to-your-401k\">Rung #1: Contribute to your 401k<\/h3>\n<p>Each month you should be contributing as much as you need to in order to get the most out of your <a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-much-should-i-have-in-my-401k\/\" target=\"_blank\" rel=\"noopener\">company\u2019s 401k match<\/a>. That means if your company offers a 5% match, you should be contributing AT LEAST 5% of your monthly income to your 401k each month.<\/p>\n<p>A 401k is one of the most powerful investment vehicles at your disposal.<\/p>\n<p><strong>Here\u2019s how it works: <\/strong>Each time you get your paycheck, a percentage of your pay is taken out and put into your 401k pre-tax.<\/p>\n<p><span style=\"font-weight: 400;\">This means you\u2019ll only pay taxes on it after you withdraw your contributions when you <\/span><strong><a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-much-do-i-need-to-retire\/\">retire<\/a>.<\/strong><\/p>\n<p>Often, your employer will match your contributions up to a certain percentage.<\/p>\n<p><span style=\"font-weight: 400;\">For example, imagine you make $150,000 per year and your company offers 3% matching with their 401k plan. If you invested 3% of your salary (around $5,000) into your 401k, your company would match your amount, effectively doubling your investment.<\/span><\/p>\n<p>Here\u2019s a graph showcasing this:<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" class=\"wp-image-44991\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/pasted-image-0-1-1.png\" alt=\"\" \/><\/figure>\n<p>This, my friends, is free money (aka the best kind of money).<\/p>\n<p>Not all companies offer a matching plan \u2014 but it\u2019s rare to find one that doesn\u2019t. If your company offers a match, you should at least invest enough to take full advantage of it.<\/p>\n<h4 id=\"h-where-s-my-401k-money-going\">Where\u2019s my 401k money going?<\/h4>\n<p>You have the option to choose your investments when you put money into a <a href=\"https:\/\/www.iwillteachyoutoberich.com\/401k-the-single-best-way-to-grow-your-money\/\" target=\"_blank\" rel=\"noopener\">401k<\/a>. However, most companies also give you the option to entrust your money with a professional investing company. They\u2019ll give you a variety of investment options to choose from and can help answer any questions you have about your 401k.<\/p>\n<p>The other great thing about a 401k is how easy it is to set up. You just have to opt in when your company\u2019s HR department offers it. They\u2019ll withdraw only as much as you want them to invest from your paycheck.<\/p>\n<h4 id=\"h-when-can-i-withdraw-money-from-my-401k\">When can I withdraw money from my 401k?<\/h4>\n<p>You can take money out of your 401k when you turn 59 \u00bd years old. This is the beginning of the federally recognized retirement age.<\/p>\n<p>Of course you CAN take money out earlier \u2014 but Uncle Sam is going to hit you with a 10% federal penalty on your funds along with the taxes you have to pay on the amount you withdraw.<\/p>\n<p>That\u2019s why it\u2019s so important to keep your money in your 401k until you retire.<\/p>\n<p>If you should ever decide to leave your company, your money goes with you! You just need to remember to roll it over into your new company&#8217;s plan.<\/p>\n<h3 id=\"h-rung-2-pay-off-high-interest-debt\">Rung #2: Pay off high-interest debt<\/h3>\n<p>Once you\u2019ve committed yourself to contributing at least the employer match for your 401k, you need to make sure you don\u2019t have any debt. If you don\u2019t, great! If you do, that\u2019s okay. I have <a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-to-get-out-of-debt-fast\/\" target=\"_blank\" rel=\"noopener\">4 ways to help you get out of debt<\/a> quickly.<\/p>\n<h3 id=\"h-rung-3-open-a-roth-ira\">Rung #3: Open a Roth IRA<\/h3>\n<p>Once you\u2019ve started contributing to your 401k and eliminated your debt, you can start investing into a <a href=\"https:\/\/www.iwillteachyoutoberich.com\/roth-ira-vs-traditional-ira\/\" target=\"_blank\" rel=\"noopener\">Roth IRA<\/a>. Unlike your 401k, this investment account allows you to invest after-tax money and you collect no taxes on the earnings. There\u2019s a maximum for how much you can contribute to your Roth IRA, <a href=\"https:\/\/www.irs.gov\/retirement-plans\/traditional-and-roth-iras\" target=\"_blank\" rel=\"noopener\">so stay up to date<\/a> on the yearly maximum.<\/p>\n<p><span style=\"font-weight: 400;\">Unlike a 401k, a Roth IRA leverages after-tax money to give you an even better deal. This means you put already-taxed income into investments such as stocks or bonds and pay no money when you withdraw it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When saving for retirement, your greatest advantage is time. You have time to weather the bumps in the market. And over the years, those tax-free gains will prove an amazing deal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your employer won\u2019t offer you a Roth IRA. To get one, you\u2019ll have to go through a broker.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are a lot of elements that can determine your decision, including minimum investment fees and stock options.<\/span><\/p>\n<p>A few brokers we suggest are <a href=\"http:\/\/www.schwab.com\/public\/schwab\/active_trader\" target=\"_blank\" rel=\"noopener\">Charles Schwab<\/a>, <a href=\"https:\/\/investor.vanguard.com\/home\/\" target=\"_blank\" rel=\"noopener\">Vanguard<\/a> (this is the one I use), and <a href=\"https:\/\/us.etrade.com\/home\" target=\"_blank\" rel=\"noopener\">E*TRADE<\/a>.<\/p>\n<p>NOTE: Most brokers require a minimum amount for opening a Roth IRA. However, they might waive the minimum if you set up a regular automatic investment plan.<\/p>\n<h4 id=\"h-where-does-the-money-in-my-roth-ira-get-invested\">Where does the money in my Roth IRA get invested?<\/h4>\n<p>Once your account is set up, you\u2019ll have to actually invest the money.<\/p>\n<p>Let me say that again, once you set up the account and put money into it, <strong>you still need to invest your money.\u00a0<\/strong><\/p>\n<p><strong>If you don\u2019t purchase stocks, bonds, ETFs, or whatever else, your money will just be sitting in a glorified savings account not accruing substantial interest.<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">My suggestion for what you should invest in? An<\/span><strong><a href=\"https:\/\/www.iwillteachyoutoberich.com\/why-index-funds-are-good-investments\/\"> index fund<\/a><\/strong><span style=\"font-weight: 400;\"> that tracks the S&amp;P 500 and is managed with barely any fees.<\/span><\/p>\n<p>For more, read my <a href=\"http:\/\/iwillteachyoutoberich.com\/all-about-stocks-and-bonds\/\" target=\"_blank\" rel=\"noopener\">introductory articles<\/a> on stocks and bonds to gain a better understanding of your options. Or, you can watch my deep dive into how you can choose a Roth IRA:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5dbfb6d elementor-widget elementor-widget-video\" data-id=\"5dbfb6d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/amT5knhnGas&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-717db88 elementor-widget elementor-widget-heading\" data-id=\"717db88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-xl\"><b>The world wants you to be vanilla...\n<\/b><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-263dca9 elementor-widget elementor-widget-text-editor\" data-id=\"263dca9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\u2026but you don\u2019t have to take the same path as everyone else. How would it look if you designed a Rich Life on your own terms? Take our quiz and find out: \n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aaa7979 elementor-widget elementor-widget-button\" data-id=\"aaa7979\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Take the Quiz<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9b6c4a elementor-widget elementor-widget-text-editor\" data-id=\"e9b6c4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4 id=\"h-when-can-i-withdraw-money-from-my-roth-ira\">When can I withdraw money from my Roth IRA?<\/h4>\n<p><span style=\"font-weight: 400;\">Like your 401k, you\u2019re expected to treat this as a long-term investment vehicle. You are penalized if you withdraw your earnings before you\u2019re 59 \u00bd years old.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can, however, withdraw your principal, or the amount you actually invested from your pocket, at any time, penalty-free (most people don\u2019t know this).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are also exceptions for down payments on a home, education for you\/partner\/children\/grandchildren, and some other emergency reasons.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But it\u2019s still a fantastic investment to make, especially when you do it early. After all, the sooner you can invest, the more money your investment will accrue.<\/span><\/p>\n<h3 id=\"h-rung-4-max-out-your-401k\">Rung #4: Max out your 401k\u00a0<\/h3>\n<p>If you have money left over, go back to your 401k and contribute as much as possible to it (this is above and beyond the employer match). Maxing out your 401k before opening a non-retirement investing account is a good idea because you\u2019ll pay less tax money on any 401k investments.<\/p>\n<h3 id=\"h-rung-5-invest-in-your-health-savings-account-hsa\">Rung #5: Invest in your Health Savings Account (HSA)<\/h3>\n<p>If you\u2019ve completed Rung 4 and still have money left over, you can take advantage of your Health Savings Account (if you have access to one).<\/p>\n<p>An HSA can double as an investment account with incredible tax features that few people know about.\u00a0<\/p>\n<p><strong>What it is: <\/strong>An HSA is a place to set aside pre-tax money to pay for qualified medical expenses, including deductibles, copayments, coinsurance, and some other health-related expenses.\u00a0<\/p>\n<p><b>How it works:<\/b><span style=\"font-weight: 400;\"> You contribute money to your HSA account. You then get a debit card to pay for qualified medical expenses using the money you\u2019ve contributed. <\/span><\/p>\n<p><b>So what?<\/b><span style=\"font-weight: 400;\"> The money you put in the HSA is tax-free. So if you have medical expenses, you can pay for them with tax-free money. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But if you\u2019re contributing thousands of dollars and not actually getting body scans and new glasses, you might think, \u201cWhat\u2019s the point?\u201d Well, here\u2019s something that not many people are aware of \u2013 the money you\u2019ve saved can be invested! This is the real benefit. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You contribute tax-free money, take a tax deduction, AND grow it tax-free. It\u2019s a triple whammy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This account is typically overlooked and not understood, and it\u2019s also only available if you have a high-deductible health plan.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you completed the first 4 rungs, call your insurance provider or benefits manager and ask if you have a high-deductible health plan. If they say yes, ask if you can pair an HSA with your account.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re not sure how an HSA account works, <\/span><strong><a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-to-choose-hsa-provider\/\">I\u2019ve written about it here and show you how to choose the right HSA provider<\/a><\/strong><span style=\"font-weight: 400;\"><strong>.<\/strong> Read the article to become more informed.<\/span><\/p>\n<h3 id=\"h-rung-6-open-a-non-retirement-investing-account\">Rung #6: Open a non-retirement investing account<\/h3>\n<p><span style=\"font-weight: 400;\">If you have money left, open a <\/span><strong><a href=\"https:\/\/www.iwillteachyoutoberich.com\/worlds-easiest-guide-to-retirement-accounts-2\/\">regular non-retirement account <\/a><\/strong><span style=\"font-weight: 400;\">and put as much as possible there.<\/span> Also pay extra on any mortgage debt you have, and consider investing in yourself \u2014 whether it\u2019s<a href=\"http:\/\/iwillteachyoutoberich.com\/side-hustle-ideas\/\" target=\"_blank\" rel=\"noopener\"> starting a side hustle<\/a> or getting an additional degree, there\u2019s often no better investment than your own career.<\/p>\n<p>The Ladder of Personal Finance is pretty handy when considering what to prioritize when it comes to your investments.<\/p>\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><\/figure>\n<div style=\"all: initial;\">\n<div style=\"position: fixed; z-index: 2147483647; inset: 16px; pointer-events: none; font-family: sans-serif;\">\u00a0<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3406c5b elementor-widget elementor-widget-heading\" data-id=\"3406c5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Asset allocation: The most important thing in investing<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddb4e7f elementor-widget elementor-widget-text-editor\" data-id=\"ddb4e7f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>401ks and Roth IRAs are the baseline investment vehicles you need to have.<\/p>\n<p>If you want to start dipping your toes in building your own portfolio (collection of investment assets) beyond these investment vehicles, I want to introduce you to one key concept: Asset allocation.<\/p>\n<p>Here\u2019s my portfolio:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f10dd4f elementor-widget elementor-widget-image\" data-id=\"f10dd4f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/10\/pasted-image-0-2-1-1024x683-1.png\" class=\"attachment-large size-large wp-image-90379\" alt=\"\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/10\/pasted-image-0-2-1-1024x683-1.png 1024w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/10\/pasted-image-0-2-1-1024x683-1-300x200.png 300w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/10\/pasted-image-0-2-1-1024x683-1-768x512.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5550a75 elementor-widget elementor-widget-text-editor\" data-id=\"5550a75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Inevitably, whenever I\u2019m teaching someone about the basics of investing, someone will pipe up with a myriad questions, like these:<\/p>\n<ul>\n<li>\u201cWhat stocks should I buy?\u201d<\/li>\n<li>\u201cIs X company a good investment?\u201d<\/li>\n<li>\u201cIs $XX too much for this stock?\u201d<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Before you make an investment in any sort of stock, bond, or whatever, you need to understand that\u2019s not nearly as important as asset allocation (i.e., what your pie looks like).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you invest, you can do so by allocating your money across different asset classes. Though there are many different kinds of asset classes, the three most common ones are:<\/span><\/p>\n<ul>\n<li><strong>Stocks and mutual funds (\u201cequities\u201d).<\/strong> When you own a <a href=\"http:\/\/iwillteachyoutoberich.com\/all-about-stocks-and-bonds\/\" target=\"_blank\" rel=\"noopener\">company\u2019s stock<\/a>, you own part of that company. These are generally considered to be \u201criskier\u201d because they can grow or shrink quickly. You can diversify that risk by owning mutual funds, which are essentially baskets of stocks.<\/li>\n<li><strong>Bonds. <\/strong>These are like IOUs that you get from banks. You\u2019re lending them money in exchange for interest over a fixed amount of time. These are generally considered \u201csafer\u201d because they have a fixed (if modest) rate of return.<\/li>\n<li><strong>Cash.<\/strong> This includes liquid money and the money that you have in your <a href=\"http:\/\/iwillteachyoutoberich.com\/best-checking-account\/\" target=\"_blank\" rel=\"noopener\">checking<\/a> and <a href=\"http:\/\/iwillteachyoutoberich.com\/best-savings-account\/\" target=\"_blank\" rel=\"noopener\">savings<\/a> accounts.<\/li>\n<\/ul>\n<p>When it comes to investing for beginners, a common mistake is investing in only one category. This is dangerous over the long term. This is where the all-important concept of asset allocation comes into play.<\/p>\n<p><span style=\"font-weight: 400;\">Remember it like this: Diversification is D for going deep into a category (e.g., stocks have large-cap stocks, mid-cap stocks, small-cap stocks, and international stocks). Asset allocation is A for going across all categories (e.g., stocks, bonds, and cash).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How much you allocate in each asset class depends completely on you and your risk tolerance. For example, if you\u2019re young and have many years before you retire, you might want to invest more in things like stocks. But if you\u2019re older and are close to retirement age, you want to hedge your bets as much as possible and go with safe investments like bonds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You don\u2019t want to keep all your investments in one basket. Keep your asset allocation in check by buying different types of stocks and funds to have a balanced portfolio\u2014and then further diversify in each of those asset classes.<\/span><\/p>\n<p>A <a href=\"http:\/\/www.grbestpractices.org\/sites\/grbestpractices.org\/files\/Determinants%20of%20Portfolio%20Performance%20II%20An%20Update.pdf\" target=\"_blank\" rel=\"noopener\">1991 <\/a>study discovered that 91.5% of the results from long-term portfolio performance came from how the investments were allocated. This means that asset allocation is CRUCIAL to how your portfolio performs.<\/p>\n<p>If you want some more solid examples of portfolio mixes, here&#8217;s more information on <a href=\"http:\/\/iwillteachyoutoberich.com\/diversified-portfolio-examples\/\" target=\"_blank\" rel=\"noopener\">asset allocation and diversification<\/a>.<\/p>\n<h2 id=\"h-stocks-cds-and-bonds\">Stocks, CDs, and bonds<\/h2>\n<p><span style=\"font-weight: 400;\">If you want to start getting into the weeds, there are a ton of different asset classes you can choose from and even more variety in individual investments you can make.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you want to learn more about some of these investment options, be sure to check out my resources below:<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.iwillteachyoutoberich.com\/all-about-stocks-and-bonds\/\" target=\"_blank\" rel=\"noopener\">All about stocks and bonds<\/a><\/li>\n<li><a href=\"https:\/\/www.iwillteachyoutoberich.com\/all-about-mutual-funds\/\" target=\"_blank\" rel=\"noopener\">All about mutual funds<\/a><\/li>\n<li><a href=\"https:\/\/www.iwillteachyoutoberich.com\/should-i-invest-in-cds-or-a-roth-ira\/#3\" target=\"_blank\" rel=\"noopener\">IRAs vs CDs<\/a><\/li>\n<li><a href=\"https:\/\/www.iwillteachyoutoberich.com\/worlds-easiest-guide-to-retirement-accounts\/\" target=\"_blank\" rel=\"noopener\">The World\u2019s Easiest Guide to Understanding Retirement Accounts<\/a><\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4751f23 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"4751f23\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a6aeec7\" data-id=\"a6aeec7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c39b0b elementor-widget elementor-widget-heading\" data-id=\"6c39b0b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQs about Investing for Beginners<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad2bca9 elementor-widget elementor-widget-text-editor\" data-id=\"ad2bca9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>What does it mean to invest early?<\/h4>\n<p><span style=\"font-weight: 400;\">Investing early means starting to invest your money as soon as possible, ideally in your twenties or thirties.\u00a0<\/span><\/p>\n<h4>Why is it important to invest early?<\/h4>\n<p><span style=\"font-weight: 400;\">Investing early is important because it allows you to take advantage of compound interest, which can help your money grow exponentially over time. It also allows you to weather market fluctuations and take a long-term approach to your investments.<\/span><\/p>\n<h4>What are some benefits of investing early?<\/h4>\n<p><span style=\"font-weight: 400;\">Some benefits of investing early include having more time to grow your investments and building wealth over time. This can help you achieve financial independence and reach your long-term financial goals.<\/span><\/p>\n<h4><b>What are the potential risks of investing early?<\/b><span style=\"font-weight: 400;\"><br \/><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Investing always carries some level of risk, and investing early is no exception. Market volatility, economic downturns, and individual choices can all impact the performance of your investments. That\u2019s why it\u2019s so important to diversify your portfolio \u2013 and have a long-term perspective of your investments.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef30ea5 elementor-widget elementor-widget-shortcode\" data-id=\"ef30ea5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<section data-elementor-type=\"section\" data-elementor-id=\"106510\" class=\"elementor elementor-106510\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-51156e1 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"51156e1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e992b0\" data-id=\"4e992b0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1b51f67 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"1b51f67\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fa237b9\" data-id=\"fa237b9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b341c44 elementor-widget elementor-widget-heading\" data-id=\"b341c44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">If you like this post, you'd love my Ultimate Guide to Personal Finance<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccbe91b elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"ccbe91b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"193\" height=\"300\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts-193x300.png\" class=\"attachment-medium size-medium wp-image-106717\" alt=\"UG to Personal Finance\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts-193x300.png 193w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts.png 610w\" sizes=\"(max-width: 193px) 100vw, 193px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5130b32 elementor-widget elementor-widget-text-editor\" data-id=\"5130b32\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It&#8217;s one of the best things I&#8217;ve published (and 100% free), just tell me where to send it:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85bbeee elementor-widget elementor-widget-qi_addons_for_elementor_wp_forms\" data-id=\"85bbeee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_wp_forms.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-wp-forms\">\n\t<div class=\"wpforms-container wpforms-container-full\" id=\"wpforms-53563\"><form id=\"wpforms-form-53563\" class=\"wpforms-validate wpforms-form\" data-formid=\"53563\" method=\"post\" enctype=\"multipart\/form-data\" action=\"\/wp-json\/wp\/v2\/posts\/59413\" data-token=\"616c9873956056bb406a67057db9d712\" data-token-time=\"1779989199\"><noscript class=\"wpforms-error-noscript\">Please enable JavaScript in your browser to complete this form.<\/noscript><div class=\"wpforms-field-container\"><div id=\"wpforms-53563-field_18-container\" 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id=\"wpforms-53563-field_20-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"20\"><div id=\"wpforms-53563-field_20\"><strong>If you like this post, you'd love my Ultimate Guide to Personal Finance<\/strong><\/div><\/div><div id=\"wpforms-53563-field_21-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"21\"><div id=\"wpforms-53563-field_21\">It\u2019s one of the best things I\u2019ve published (and 100% free), just tell me where to send it:<\/div><\/div><div id=\"wpforms-53563-field_10-container\" class=\"wpforms-field wpforms-field-name\" data-field-type=\"name\" data-field-id=\"10\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-53563-field_10\">First Name <span class=\"wpforms-required-label\">*<\/span><\/label><input type=\"text\" id=\"wpforms-53563-field_10\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][10]\" placeholder=\"First Name\" 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type=\"hidden\" name=\"page_title\" value=\"\"><input type=\"hidden\" name=\"page_url\" value=\"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/59413\"><input type=\"hidden\" name=\"url_referer\" value=\"http:\/\/www.iwillteachyoutoberich.com\/investing-for-beginners\/\"><button type=\"submit\" name=\"wpforms[submit]\" id=\"wpforms-submit-53563\" class=\"wpforms-submit\" data-alt-text=\"Sending...\" data-submit-text=\"Send me the guide!\" aria-live=\"assertive\" value=\"wpforms-submit\">Send me the guide!<\/button><\/div><\/form><\/div>  <!-- .wpforms-container --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fd482ad elementor-hidden-mobile\" data-id=\"fd482ad\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element 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\/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/section>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Investing is the single most effective way to get rich. But many of you mistakenly believe that investing is something complex and fancy requiring a huge chunk of your time.\u00a0 It doesn&#8217;t have to be! In this post, I&#8217;ll take you through my beginners&#8217; guide to investing so that you can get started right now.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":76756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[160],"class_list":["post-59413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"acf":[],"aioseo_notices":[],"modified_by":"ljknoll95@gmail.com","_links":{"self":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/59413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/comments?post=59413"}],"version-history":[{"count":0,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/59413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media\/76756"}],"wp:attachment":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media?parent=59413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/categories?post=59413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}