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1) Set up an external high yield savings account.
(Your Emergency fund)
2) Link this account to your checking account.
3) Set up a brokerage account.
(Your investing platform)
4) Link to your checking account.
🔥 Just do it. Shoot first then ask questions later….. 🔥
✔ Because getting started is half the job.
â›” Not having these linkages in place is the number one reason people don’t get started on building wealth. The emergency fund keeps your wealth building uninterrupted when bad things happens, and your brokerage account gives you the "platform" to begin investing.
✔ Next up is setting up automatic transfer after each paycheck (or by the week or month). In the beginning the amount is irrelevant - $5, 10, $100 or $500. 🔥 Just do something. If you have credit card debts, then prioritize those first, yet still transfer something into these two accounts.
✅ Because action causes reaction.
✅ Results are manifesting. It's real, it’s happening.
✅ And it’s easy now – when you sleep. No friction.
Here is how to get started:
✔ Pick an online bank with good yield, no minimum or fees to transfer:
✔ Pick a brokerage (Vanguard or Fidelity are great choices) and Follow their steps to open an account. You can start with a "brokerage" account and use a money-market fund as a good starting point (VMFXX for vanguard / SPRXX for Fidelity)
✔ Later you should seek the advice of a professional and be strategic about funds for long-term investing and tax deferrals.
✔ For now, the most important part is to begin - set it up.
Do it in 2025. You will thank yourself later.
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