@jadewarshaw: Here’s what you need to know👇🏾   The first place to begin investing is NOT stocks. Say it with me, NOT STOCKS.   We begin by investing 15% of our gross monthly income.   Start investing with your 401k through work. Invest up to the match if you have one.   If you still have money to invest, open a Roth IRA and max that out. ($7,000 is the max, and each spouse can do one)   If you still have money to invest, go back to that 401k and max it out ($23,000 is the max this year).   If you ever have a “Roth” option choose it. It simply means you're paying taxes on the front end instead of later when you take the money out.   Look to invest your money across 4 types of funds. 1. Growth 2. Growth and Income 3. Aggressive Growth 4. International   Be sure to reinvest your dividends.  Get a Ramsey Trusted SmartVestor Pro to help you get started. #investing #401k #investingforbeginners #rothira

Jade Warshaw

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Region: US

Thursday 22 February 2024 13:09:15 GMT