Here’s how I would invest my first $1,000 if I was 35 years old again, starting from $0, and wanted to retire a millionaire. All while knowing nothing about investing or the stock market. 1. Open up a free brokerage account with someone like Fidelity, Vanguard or Schwab. If you want tax advantages, look at opening a traditional or Roth IRA. If you want access to your money 24/7, penalty-free before age 59 1/2, look at opening a regular brokerage account. 2. Transfer money from your bank into your new investment account. If you can, max out your Roth IRA by contributing $625/month (if you’re <50) so you can take advantage of tax-free growth! 3. Buy your first investment using the money you transferred. In this video I use VTI as an example, but always do your own research and buy whatever you like. 4. Setup recurring, monthly investments within your brokerage account. This will allow you to automate everything and will help grow your portfolio on a regular basis without you having to think about it. To reach $2M invested by age 65 like in this scenario, you’d need to invest $1,500/month for 30 years. But out of that $2M, you’d only have contributed $540K of your own money. The other $1.54M would be free money thanks to the power of compounding. If you can’t do $1,500/month, do as much as you can and increase your contributions over time. Any little bit helps! Also look at compound interest calculators online to reverse engineer your specific investing and retirement goals. *Not financial advice. Educational purposes only. #PersonalFinance #financialliteracy #investingforbeginners #investmenttips #financialeducation - @c_buildingquietwealth