Use ERIKA10 to get 10% off a website and a free domain name at https://hostinger.com/erika10

If you are focused on increasing your net worth, then you should listen/watch the episode with Dave Ramsey next: https://youtu.be/QzVAOABEdWE

#66: Jeremy Schneider, founder of Personal Finance Club, has doubled his net worth by reinvesting since he retired at age 36. Think of this episode as an Investing 101 course, where Jeremy and Erika guide us through the basics of investing. It’s completely beginner-friendly, even if you’ve never invested! We cover the most common questions you have about investing, including:
- what is a stock?
- what is an index fund?
- ⁠what should I invest in?
- what is Compounding Interest?
- The 50-30-20 rule for investing

As promised, here is the link to join my course 3D Money - take control of your future and transform your money habits. https://erika.com/3dm

I’m running a free “Save $1,000 Challenge” to teach you creative strategies to save money. It’s 5 days long and starts on Monday. Grab your free spot here: https://Erika.com/go

Thanks for tuning in and come back every Tuesday for a brand-new episode! Prefer to listen on the go? Listen wherever you get your podcasts. https://www.erikataughtme.com/follow

Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠ https://erika.com/review : (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect!

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Timestamps:
00:00 - Intro
02:01 - Jeremy's Money Philosophy
07:19 - How to start investing with $10 a month
14:01 - What is a Stock?
18:42 - What Stocks should I buy?
26:28 - What is S&P 500?
31:22 - After understanding index funds, what's next?
36:13 - Which index funds should people be buying?
43:17 - One common mistake of people in investing
44:54 - Sins when it comes to investing
53:59 - The best time to invest
55:06 - Jeremy Taught Me