Sun Jun 16 2024, by Tyler Gardner

Investing in Your 20sFinancial IndependenceWealth BuildingIndex FundsBrokerage Accounts

Step 1: Open a Brokerage Account

You're in your 20s, and you want to become a millionaire before all of your friends do? Here's what you need to do right now.

First, open a brokerage account through platforms like E-Trade, Robinhood, or Acorns.

Step 2: Fund Your Account

Fund that account with $3.47 a day, and then invest that money into a low-cost index fund.

Recommended Funds

Some great options include Vanguard's VOO or Fidelity's FXAIX. That's it! That's all you have to do.

The Importance of Starting Now

But you have to start today, because if you wait until your 30s, you'll need to invest $9.20 each day.

And if you wait until your 40s, now we're talking about $25.33 per day.

It'll be eight times harder for you to become a millionaire if you wait until your 40s. But it's okay, because you're not going to wait until your 30s or 40s. You're going to start right now.

Take Action

I know you have the determination and the resources to do this. Seriously, I know you have it

But remember, every second you wait is a second that you waste. Do your research, have a blast. Let's start today!

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