So you have $1,000 and you are looking to invest it. First of all, I would like to congratulate you for making this decision. Most people spend all the money they earn, while some spend even more and go into debt. I am assuming you spent a lot of time earning 1000 dollars and saving up $1000, so I want to encourage you to be patient and really think about how you want to invest this money. In this video, we will be talking about six different ways that you can invest $1000!
FOLLOW ME ON INSTAGRAM FOR DAILY MOTIVATIONAL CONTENT
Ready to start investing? 🤔💸
WEBULL: "Get a FREE STOCK just for signing up!"
BETTERMENT: "Passive investing, they manage everything for you."
FUNDRISE: "Passive real estate investing, 8 to 11% returns."
M1 FINANCE: "Invest in partial shares of stocks like Amazon."
LENDING CLUB: "Become the bank and make interest on loans."
COINBASE: "Get $10 in free Bitcoin (when you fund $100)."
Want more Ryan Scribner? 🙌
MY INVESTING BLOG
FREE INVESTING COURSE
FACEBOOK GROUP FOR ENTREPRENEURS
COURSE CREATION COMPANION
LIKE MY FACEBOOK PAGE
PASSIVE INCOME MASTERCLASS LIVE EVENTS
Premium Educational Programs 🧐
PRIVATE STOCK MARKET INVESTING SITE
STOCK MARKET INVESTING COURSE
Ready to keep learning? 🤔📚
Learn A New HIGH INCOME Skill
My Favorite Personal Finance Book
My Favorite Investing Book
My 2nd Favorite Investing Book
My Favorite Personal Development Book
Not a fan of reading? Join Audible and get two free audio books!
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I am affiliated with a number of the offerings on this channel. This includes the links above under "Ready To Start Investing" as well as other influencers I bring on the channel. This also includes the use of Amazon affiliate links.
HOLDINGS DISCLOSURE: I am long General Electric (GE), Alibaba (BABA), JD(.)com (JD), Facebook (FB), Apple (AAPL) and National Grid (NGG). I own these stocks in my stock portfolio.
(Send me something)
Scribner Media LLC
PO Box 641
Ballston Spa, NY 12020
+Itz Oby Hey Itz Oby, its a shame that you never got the response you were looking for. Hope my response is not too late.
There are plenty of options for you to invest your money; however many of them require you to be at least 18 years old. This doesn't mean you are out of options though.
1. You can have your parents invest your money for you in the stock market, the way that Ryan talks about in the video
2. You can also open a joint savings account with your parents. While most commercial banks offer only 0.1% to 0.5% return on your money through a savings acct. You could also look into money market accts which can produce returns from 1-2%. And finally you could also look into Certificates of Deposits (CDs) and US Treasury Bonds, Notes, TIPS, etc. These will provide returns around 3% but will be "locked up" for several years.
There are pros and cons of both, the stock market is very risky and could take your entire investment. Howvere it offers a high estimated rate of return. The second option, including savings accounds and bonds produces much lower returns but is incredibly safe. The important aspect is that you learn how to handle your money, it is incredibly useful down the road of life. Best of luck.
Ryan Scribner I would like to know if it is a good idea to infest into my bank. Im 15 and i have a part time job at the moment. I have a large sum of money and i dont spend any. IS it a good idea to invest? I would appreciate a reply thank you
First time I made 1000$ I have bought a motorcycle.
Second time I made 10000$ I went for a vacation with my girlfriend.
The third time I made 1000$ I borrowed another 25 hundred from my friend to buy an old BMW to have fun and learn drifting.
When I am gonna be rich, Ryan?
I honestly follow your vids on youtube whenever you release but theres so many people out there talking about how to be financially succesful.. I dont even have a thousand dollars at hand amd im working on my debt... But i want to, you know sit like you make some vids and help other pwople but i dont really know alot about this you know. I dont wamt to get more deep in the hole than i already am
Good stuff over all but no no no to the point about "if your making 8% and have debt costing 4% then your good to invest" part.. that's not factoring in risk at all.. not just the risk that comes along with the investment side of it but also with the debt,, having debt actuve always comes with risk (if you can't work it's still there) and it's a 100% sure thing to be there and your investment yeilds can also vary obviously.. Dave Ramsey's video on it is good and makes it more understandable
I guess I'll save 8,000 and invest it in different ways.
Of course, one by one.
As soon as I save the first 1K, I'll invest it on option A.
While I save my second 1K
I'll be studying option B
Then while I save for my third 1K
I'll be diligent studing option C
And so on.
Problem is, I live check by check
Hit me up in two years to see where I am.
Recently subscribed to your channel brother. Like the content. Only problem is if, like me, you live in Europe and not in the U.S. then you can't not invest with companies like Vanguard. So don't really know where to go from here to be honest.
The fact that he said he put the cushion into a checking account and not a money market account or something that is also liquid while accruing more interest makes me feel hes not a very savvy investor but ☕🐸
Best things to invest in yourself:
- if you have an old computer or laptop that hardly works and you would greatly benefit from a newer more up to date one that would make your work more efficient and take less time, or any tool for that matter than buy that. You can spend more time reading or learning and less time working.
2. Learning Courses
- Want to learn how to cook? Take a class at a local community college, you could use those skills to then start an online cooking channel or something that could make you passive income using the skills you've learned from the course you're taking. Note: I AM NOT SAYING PLAGORIZE WHAT YOU ARE TAUGHT. I'm merely saying with your new knowledge you can experiment on your own and use that time to also make a profit.
- When was the last time you took any time for yourself? When was the last time you've visited the doctor? As Warren Buffett once said: "If I gave you any car you wanted and it was the only car you were ever going to get, you would pick the car that would last the longest and you would take care of it as much as possible. This is the case for your body, you only have one and it has to last you a lifetime." Make sure you can perform at your highest potential, or else you're settling for something less.
People complaining about him rambling, I have watched several videos on YouTube about similar topics and I can tell you this much: yes he does ramble a bit, but he actually has points to talk about. A lot of channels will ramble, say one line, then ramble more. He rambles and gives some build up but actually does a respectable job covering his points.
This seems like a high risk approach for beginner investors (Single stocks or speculating). I recommend investing in low cost index funds. Buying one or two stocks is pretty much a bad idea at any wealth level. No one can pick the winners consistently that well.
I made around 1.5k in 2 years selling candy in my school. I could have earned WAYYY more if I was more confident and talked to more people in my school but I am happy I got my 1.7k after my whole 17 year life of saving almost everything.
It's called a mutual fund. You should probably not be investing in individual stocks until your portfolio is above 50K. Diversify by size of company, domestic/international & stock/bond balance. Start with an index fund. Lost me at @9:50.
Hi Ryan, you seem really savvy in Vanguard. If you had some money saved, would you invest in Vanguard Index Midcap Admiral (VIMAX) Mutual Funds And/Or Vanguard Small Cap Admiral Mutual Funds? If you say No, can you tell me why? If you say Yes, can you tell me why? Or Is this even a good idea?
You deserve praise for the way you title your videos. They're highly effective at attention-grabbing without being clickbait cancer. The capital title, the emoji break, and the more in-depth explanation go together to form a great system to draw in views. Kudos.
After working 2 jobs for 2 years I saved up 5000 dollars. So I took a vacation with my love. 4,300 left. Crashed my car and lost my delivery job 1,000. After vocational school payments and rent I'm broke 1 year later. Money has a way of leaving.
Does a 5 year car loan count as “debt”? Even though your making your payments every month and your interest is low? I’m currently paying off my credit card, only have 1800 to pay, but I never really looked at my car loan as “debt”. I guess in the technical sense of the word it is debt, but I thought it was a GOOD debt. And my banker told me paying off your car loan too fast is just as bad as paying it off too slow.... lmk genuinely interested!!
I do well with bitcoin but it's extremely hard to learn and it definetly takes luck meeting the right people. But I make an extra average of 80 a day soon that'll be 100 then 150 then 200 as I keep growing my portfolio. I'm only 17 so I'm extremely excited for the future
This is the second video I just watched on your channel and I have to say I'm impressed with your knowledge and attention to detail. I understand you have to do what you need to in order to make ad Revenue. But that doesn't detract from the concise and clear advice that you give of your experiences and tested facts to your audience when it comes to generating potential passive avenues of income. Because of that, I decided to subscribe to your Channel. Thank you and keep up the great work sir.
I pay $20 a month for court fines and have about over 2 maybe 3 grand to pay off. I owe $1600 in money borrowed when I was homeless that was through welfare. once I can get rid of those debts, i'll be debt free. i'm 28 with my first tax paying job making $11 an hour. I follow dan lok's ideas. I try not to spend more than 25% of my checks. I just received my first tax paying check ever. this time it will have to be in my 50% minimum to 25% spending goal for this check. this one will be more closer to the 50% mark (phone bills, court fines every month, just broke my derailer on my mountain bike, ect.) so when should I start investing? less than 2 grand debt or wait till i'm debt free?
You do not need to calculate payroll premium if your policy is on a stipulated billing cycle.
Sample Payroll Report.
However, if your policy is not yet on a stipulated billing cycle, this is typically what you will see when we send you a payroll report.
A split payroll report is sent when there is an Anniversary Rating Date on your policy, which is the month and day that rates, rating plans and rating systems are initially applied to a policy in force and each annual anniversary thereafter. Your payroll will need to be annotated for each period specified.
Sample Split Payroll Report.
We will need a complete employee job description before we add the classification to the policy. Please do not report payroll in the new classification until it has been reviewed and endorsed to your policy.
Job Duties Questionnaire.
We recommend you keep a copy of your previous payroll reports and payroll records for at least seven years, as you would your tax records.
Submitting Payroll Reports.
There are three different ways to submit your payroll reports.
State Compensation Insurance Fund P.O. Box 7441 San Francisco, CA 94120-7441.
Free payroll reports.