Tag: compound interest
Saving money isn’t enough, you have to invest it!
Recently, AJ came across a TikTok video where a woman was explaining this in depth. In essence, investing is a 2-step process. Without the second step, you might as well stash the money under the good ole sleep number mattress. Either way, make sure you’re not just saving, but INVESTING! Accounts you can invest inRead…
The First $100k is a B*tch | Begin Investing 2023
Charlie Munger stated “The fIrst $100k is a b*tch” and was adamant that a new investor do anything to get to the $100k number. Why is it so hard and what’s the significance of $100k?
How Do I Invest My $11k a Month Income? | Fan Finances
Getting started in investing is intimidating. There is a lot to know, however, when you’re starting out, you only need to follow a few simple steps. Wealthy Idiots fan @rnt45t15 asked us how to invest his $11k a month income. While we don’t offer financial advice over YouTube, AJ explains how he got started and…
Compound interest for idiots; don’t short-change yourself
You have probably heard someone mention compound interest at one point or another, at least I hope. Either way, we’ll do our best to catch you up on the topic and even provide you with an awesome tool to help out!
The investors mindset; what does this Wealthy Idiot think about?
Watercooler or coffee pot talk is always rampant at every workplace. You’ll hear various soundbites about literally everything, from who the greatest quarterback of all time is (Tom Brady), to who the best actor is (Denzel Washington). No matter what the topic, everyone will have a different opinion and that’s both good and bad. The…
This one factor makes compound interest crazy powerful | See how much $1,000 can become!
It’s important to invest your money into something that will beat inflation and ultimately make you wealthy! In this episode, AJ covers a variety of investment options, explains inflation and demonstrates the power of COMPOUND INTEREST over time. He uses the https://wealthyidiots.com website to show COMPOUND INTEREST over time. Check it out and see for…
Find out the mind set needed to start your retirement journey!!
AJ goes over simple math that we all should learned to be financially literal. These ideas are the beginning of understanding saving money and working to have a wealthy future. AJ used to think that you had to save way too much money to have a simple retirement. After some simple concepts, he breaks it…