In this video I cover the fundamentals of investing and explain to you the core principles to growing your investment over time! When it comes to investing it starts with you and how much extra income you have to put towards your investments. Starting now with a little is better than starting later with a lot! Rule of 72: is a metric used to find the approximate number if years it will take for your investment to double if left alone to grow. You can find this number by dividing 72 by the interest your getting as an example, 72/10 is 7.2. Every 7.2 years your money will double. Simple Interest: The interest earned on an initial investment that stays level as time progresses Compounding Interest: Interest earned on an initial investment that grows exponentially over time, in this metric, interest earns interest.
What I Use for Investing:
https://join.robinhood.com/wesleyc434 https://act.webull.com/pm/AfSdHcj7oapv/71l/inviteUs/ https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
https://www.franklintempleton.com/financial-professionals/tools-and-resources/tools/hypotheticals
What I Use for Budgeting:
https://www.personalcapital.com/
https://www.mint.com/
https://www.truebill.com/
http://refer.amex.us/WESLECF6jM?xl=cp15
If you want help setting up a portfolio service, a budget, or just want recommendations on what to do in a certain situation; feel free to comment or message me using one of the links bellow!
@InvestwithWesley (FB)
@WesleyCaruso (IG)