Top 5 Investments Everyone Should Have

In this Video I outline the top 5 investments to start with when first getting started in investing.

1: Invest in your physical and mental health. This first investment will improve confidence and eneergy. Focusing on this will give you the motivation to invest, learn and be consistent.

2: Invest in a Roth IRA (Individual Retirement Account). Investing in a Roth IRA is a great way to build wealth and it can be pulled out at retirement tax free. The best way to invest in a Roth is to practice Dollar Cost Averaging, specifically focused on Index Funds within the account. You have to fund the Roth with after tax dollars but the tax free growth outweighs this.

3: Make sure to take advantage of getting free money by investing in an employer matched 401K. Focus on investing at least up to the percentage that an employer will match in your 401K. Investing in the traditional 401K will also provide tax relief today by taking out the contributions before tax.

4: Invest in the triple tax advantaged HSA account. Using this for medical expenses is great and the tax breaks make it worth while. Contributions are pulled out pre-tax and are not taxed when used for qualifying medical expenses. The funds in an HSA account can also be invested and it is tax free growth.

5: Invest in your career, business and/or side hustle. Investing in your main revenue streams will help you maximize your profits from it. Working towards a promotion or business expansion will help increase the amount of money you bring in which can be used to fuel your investments and grow faster than imagined.
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00:00 Physical and Mental Health
01:10 Roth IRA
04:09 Employer Matched 401K
06:37 HSA (Health Savings Account)
10:12 Career/Business/Side Hustle