Adulting with Richard Sherman – How to Invest for your Future: Beginning your investment journey is intimidating. Start building money today with a few dollars and let Richard Sherman teach you how.
Many people think they need to have a lot of money to start investing, but it’s not true. Don’t be overwhelmed by what you don’t know and take the time to learn before jumping in. If you don’t know where to start, we got you. On this episode of Adulting with Richard Sherman, Richard and Coach will help you understand the simple steps to take to start investing – from compound interest, to how each investment works and the importance of patience. Here’s the recap:
- Find out if your employer offers you a 401k or IRA. Be sure to take advantage of employer matches! Don’t forget, you can’t touch your money until you’re retired – you’re in it for the long haul. (Here’s where you get to practice your patience!)
- Diversify by exploring stocks, bonds, mutual funds and more. Make sure to research the risks and figure out what options work best for you.
- Consider passive income strategies to get a little extra pay to put away and towards your future.
You’re adulting now, Adult! This is Adulting with Richard Sherman. To catch more episodes of Adulting with Richard Sherman on FinStream TV, please click this link: https://www.finstream.tv/videos/adulting-with-richard-sherman/