While I don’t think investing in the stock market is the only way to build wealth, I think it’s one of the best ways to build wealth!
Today’s guest is Andre Albritton of The Millennials Next Door and he’s going to share how anyone, regardless of their income situation, can get started with investing!
Andre shares what got him started in investing and how he turned it into a growing side hustle.
Andre breaks down different types of investments (stocks, REITs) and shares how people can get started with investing.
Don’t forget that your retirement plan is a form of investment! It’s one of the best forms of long-term investing.
“Always invest what you can afford to lose”. Andre breaks down how to determine the amount you can afford to invest, and when to prioritize debt pay off over investing.
Here’s a glance at this episode:
- [06:54] Andre explains the meaning of REIT (Real estate investment trust) and how easy it can be to get started with this type of investment.
- [12:45] Andre shares when to prioritize debt pay-off over investing, and how to make sure it’s financially strategic.
- [16:08] “Always invest what you can afford to lose”. Andre breaks down how to figure out what amount people should be investing.
- [27:27] Andre shares some of his favorite investing platforms and why. There are a lot of options out there, so don’t be afraid to experiment!
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Resources mentioned in this episode:
Visit The Millennials Next Door blog
Learn to invest with TMND University
Follow Andre on Instagram
Get started investing with Betterment or open an IRA
Get started investing with Robinhood
Get started with investing with Public