10 Lessons to Learn From Graham Stephan For Teens To Build Wealth

 If you Don't know Graham Stephan is a youtuber that makes videos related to finance like how to invest and make great wealth or Videos about stocks and Best investments to make to build wealth. Using his experience on succeeding to become a millionaire at the age of 26. He shares those experiences on his YouTube channel. So these are the 15 lessons Graham Stephan gives to teens for building wealth. 

1. Get a Credit Card

2. Setup a Bank Account

3. Get a Roth IRA aka a retirement account 

4.  Stay out of consumer debt

5. Get a job

6. Live below your means

7. Don't go to college just to go to college. So go to uni for a purpose

8.Invest consistently in a low cost index funds which have proven to make a great return and are low cost 

 9. Set good financial habits like always save a certain percentage of your income, no matter what. ALWAYS live below your means 

Start tracking your income and expenses

-stay out of consumer debt, like credit card debt - or any type of debt that costs too much and doesn’t make money

-invest your money consistently 

10. Figure out how to make money

Take some time to learn about different industries, figure out what you want to do, and how you intend to make money. Then, start studying how to do that WITHOUT SPENDING A SINGLE DIME - this part of your journey should be ABSOLUTELY FREE.  Get experience doing it . Don’t wait, just start. There is NO BETTER learning experience than literally just going for it - because I’ll tell you, there will NEVER be a point where you’ll feel completely “ready” to do it. Most of the time, you’ll be in your head worrying about whether or not you know enough, or you’ll be doubting if you’re making the right choices or not, or if you should spend your time doing something else that never goes away.