The ULTIMATE Guide to Personal Finance (For Beginners) | Step by Step |
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In this video, I show you how to get started with managing your personal finance so that you can achieve financial freedom. There's an overwhelming amount of information about money management, investing, and retirement that it's hard to know where to start. This guide will break down in a very simple way how to get started with your money journey in a way that simple and practical.
We cover topics such as how to manage your income, budgeting, setting up your emergency fund, debt repayment strategies, investing in the stock market through stocks, mutual funds, or index funds, and much more. This video will give you a simple yet effective framework in which to approach your personal finances as a beginner. βΊSubscribe to JOF here ππ½ https://bit.ly/SubscribeJOF Let's grow this community together by sharing this video and smashing the 'like' button π Also, be sure to subscribe to this channel for weekly videos on leveling up your personal finances! ππ½ Let's CONNECTππ½ βΊ JOF Instagram: @journeyoffinance βΊ Twitter: @imcedricstout βΊ Website: www.journeyoffinance.com ππ½ Check Out These Life-changing Finance Books Hereππ½ πThe Simple Path to Wealth by JL Collins - https://amzn.to/3BSRFpD π Rich Dad, Poor Dad by Robert Kiyosaki - https://amzn.to/3giKQ62 π I Will Teach You To Be Rich by Ramit Sethi - https://amzn.to/2S6x9PP π The Millionaire Next Door by Thomas Stanley - https://amzn.to/2RzJETK π The Total Money Makeover by Dave Ramsey - https://amzn.to/2T5wGxg π How To Invest in Real Estate by Joshua Dorkin & Brandon Turner - https://amzn.to/3v1PhYi π The 4-Hour Workweek by Tim Ferris - https://amzn.to/3fXUkox π The Intelligent Investor by Benjamin Graham - https://amzn.to/3wYQTnd ππ½ My Filming Gear Used in this Videoππ½ π₯ My Main Camera β· Canon C70 - https://amzn.to/3iKNNPp π₯ My 2nd Camera β· Canon EOS R - https://amzn.to/3sjTFCh π₯ RF to EF Lens Adaptor (for C70) - https://amzn.to/3ADUYyS π₯ RF to EF Lens Adaptor (for EOS R) - https://amzn.to/3CR25Gj π₯ My Main Lens β· Canon EF 24-70mm f/2.8 - https://amzn.to/3k0boLp π₯ My Telephoto Lens β· Canon EF 70-200mm f/2.8 - https://amzn.to/2UjAjAF π₯ My Awesome Tripod β· Manfrotto 190 Pro - https://amzn.to/3sfEZ7i π‘ Main Key Light β· Aputure 120d II - https://amzn.to/3xQyLMh π‘ Softbox for Key Light β· Aptuture Light Dome II - https://amzn.to/2Xomxhf π€ My Main Microphone β· Sennheiser MKH416 - https://amzn.to/3m5sPN6 π€ My Audio Recorder (for Microphone) β· Zoom H6 - https://amzn.to/3yObeNr π»My Editing Computer β· https://amzn.to/2UlKtko *This description contains some affiliate links, meaning may receive a small commission when you purchase from those links (at no additional cost to you). π Timestamps π 00:00 - Intro 02:26 - Phase 1: Manage Your Income 03:15 - Need for Budget 05:02 - Cut Unnecessary Expenses 05:55 - Emergency Fund 06:41 - Increase Your Income 07:50 - Phase 2: Tackle Your Debt 08:56 - How To Get Out of Debt 11:16 - Phase 3: Invest the Rest 12:17 - Stock Market Investing 13:20 - Mutual Funds 13:56 - Index Funds 14:52 - Exchange-Traded Funds (ETFs) 15:19 - 401k 16:25 - Traditional & Roth IRA 18:33 - Final Thoughts #PersonalFinance #PersonalFinanceForDummies #Investing DISCLAIMER: I am not a financial adviser. These videos are for education and entertainment purposes only. I only express facts or my opinion and and should not be construed as financial or investment advice. You are responsible for your own financial decisions based on your own research. |