How To Invest for Beginners (Step by Step)

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Jan 9, 2024

Learn the basics of investing, including stocks, index funds, and compounding interest. Discover the 50-30-20 rule for investing and the importance of saving for retirement. Explore the benefits of investing in index funds and the process of opening a brokerage account. Understand the sins of investing and the role of automation in wealth building. Also, get tips on online security and protecting personal information.

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Introduction

00:00 • 2min

Investing Basics and Special Promotion for Listeners

02:01 • 2min

Saving and Investing for Retirement

04:20 • 13min

Stock shares, web hosting, and investing in index funds

17:48 • 5min

Understanding Index Funds and How to Invest in Them

22:43 • 12min

The Importance of Online Security and Introduction to Aura

34:25 • 2min

Opening a Brokerage Account and Investing Options

36:09 • 11min

The Sins of Investing

47:31 • 11min

#66: Jeremy Schneider, founder of Personal Finance Club, has doubled his net worth by reinvesting since he retired at age 36. Think of this episode as an Investing 101 course, where Jeremy and Erika guide us through the basics of investing. It’s completely beginner-friendly, even if you’ve never invested! We cover the most common questions you have about investing, including:

- what is a stock?

- what is an index fund?

- ⁠what should I invest in?

- what is Compounding Interest?

- The 50-30-20 rule for investing

Special thanks to our partners & sponsors:

Hostinger: Use ERIKA10 to get 10% off a website and a free domain name at https://hostinger.com/erika10
Webull (free stocks) - https://erikataughtme.com/invest
Aura: Get a 14-day free trial with my sponsor Aura and see where your personal information is being leaked online - https://erikataughtme.com/aura

Want to watch it with visuals?⁠ Watch this episode on YouTube https://youtu.be/ACXd-GSn0BY

As promised, here is the link to join my course 3D Money - take control of your future and transform your money habits. https://erika.com/3dm

I’m running a free “Save $1,000 Challenge” to teach you creative strategies to save money. It’s 5 days long and starts on Monday. Grab your free spot here: https://Erika.com/go

If you are focused on increasing your net worth, then you should listen/watch the episode with Dave Ramsey next: https://erika.com/dave-ramsey

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