Rich Habits Podcast

1: Becoming the 1st Millionaire in Your Family

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Feb 28, 2023
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ADVICE

Invest Early and Often

  • Start investing early and often, even if it's just $50 or $100 a month.
  • Compound interest grows your money exponentially over time by earning returns on past returns.
ADVICE

Start Investing Step-by-Step

  • Open an online brokerage account like public.com to start investing.
  • Deposit money and invest regularly in index funds to diversify and grow your portfolio.
ADVICE

Choose Index Funds Over Stocks

  • Invest in index funds instead of trying to pick individual stocks.
  • Index funds track the top 500 companies and are managed by experienced professionals.
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