How to Start Investing Money For The First Time - Why You Need To Passively Invest & How To Do It!
Today we're sharing everything you need to know about how to start investing - why you should be investing, how you earn money through passive investments, how to get started and what you need to know, and sharing a real example of a passive investment account! Get ready for Investing Basics 101.
0:00 Introduction
0:35 What Is Passive Investing?
2:31 Passive Investing vs Saving Money
4:35 How Do I Earn Money From Investments?
6:02 Where Should I Invest My Money?
8:55 How To Figure Out Your Risk Tolerance
9:22 Which Investment Account Should I Use?
9:48 How Much Money Should I Invest?
11:22 Real Example Of A Passive Investment Account
Check Out Wealthsimple Platforms 💰
➡️ Simplii Financial - Our No Fee Checking Account (up to $400 bonus) - api.fintelconn...
➡️ EQ Bank - Our High Interest Savings Account - click.linksyne...
➡️ Wealthsimple Invest - Our Robo-Advisor Investment Platform ($25 bonus) - wealthsimple.s...
➡️ Wealthsimple Trade - Our Favourite Stock Trading Platform ($25 bonus) - wealthsimple.s...
➡️ Neo Financial - Our Cash Back Credit Card - join.neo.cc/st...
➡️ Questrade - Low Fee Investment Platform Canada ($50 in commission free trades) - questrade.sjv....
➡️ Borrowell - Free Credit Score Check - api.fintelconn...
Follow Us 📸
▸ Website - stephandden.com
▸ Steph's Instagram - @stephdgordon
▸ Den's Instagram - @denslife
Camera Gear 🎥
▸ Camera - Sony A6400 - amzn.to/2vsmDqc
▸ Lens - Sigma 16mm - amzn.to/2vslvCV
▸ Microphones - amzn.to/2tSa3jQ
▸ Tripod - amzn.to/37EAibU
▸ Small Tripod - amzn.to/2S3dWul
▸ External Hard Drive - amzn.to/2uJSJ0a
▸ Our Music - www.epidemicso...
Subscribe to find more content like this every Tuesday and Friday at 3:00pm EST! 🔔
This description contains affiliate links that support the channel at no cost to you. Steph & Den are Amazon Associates and we earn from qualifying purchases.
Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
Пікірлер: 64
Check out the Wealthsimple Invest platform ($50 Sign Up Bonus) here wealthsimple.sjv.io/VyadoM & the Wealthsimple Trade platform ($25 Cash Bonus) here - wealthsimple.sjv.io/WDXEBZ ✨
Starting off with a financial advisor, but now that I know about Wealthsimple, I'll definitely consider switching over when my debt is down and I'm a bit more knowledgeable 👍🏾 Great video!
This is my favourite investing channel. Thanks Steph and Dan. The personal examples really help understand some of the concepts. Looking forward to following your journey!
@stephandden
3 жыл бұрын
Thanks so much, Marvin! 😊
This was broken down so well! Thanks for sharing 🙌🏾
@stephandden
3 жыл бұрын
Thanks Reni! 😊
Okay, here’s the video I was looking for. Thank you both for your work
@stephandden
2 жыл бұрын
Yay, glad you found it & thanks for watching! 😊
Anyone who lives on less then they make needs to learn how to invest for their future.
@stephandden
3 жыл бұрын
Absolutely! 😊
Been binge watching your videos over the past week! Thank you so much for creating this content. Love your channel and excited to watch my investments grow alongside yours 🚀
@stephandden
3 жыл бұрын
Amazing, thanks so much Danielle! 😊✨
This was amazing!! Can you guys please make a video regarding taxes on investing gains - how much is taken if you withdraw within a year, or later, and how to invest within the tfsa. Thanks!!
@stephandden
3 жыл бұрын
Thanks so much 😊 & great suggestions!
Thank you both for making videos that are not super overwhelming and don’t make me cry. I feel like I’m super late to investing (late twenties) but better than never right? 😅
@stephandden
2 жыл бұрын
Absolutely better late than never! You've got this 😊🎉
@mdte5421
Жыл бұрын
I’m 46 so be happy 😇
Been watching your investing videos all day so this came at a perfect time!!
@stephandden
3 жыл бұрын
Woo love the timing! Thanks for watching, Alanna 😊✨
Rewatching this entire playlist and building my financial plan, cheers guys!
@stephandden
3 жыл бұрын
Amazing! 🙌🏾🙌🏻
Loving your videos binge watching everything investing its crazy how the universe works when u start to think and manifest what u want
@stephandden
3 жыл бұрын
Thanks for watching! 😊✨
All of your videos have PERFECT timing with the order of my life rn, thank you 🙏🏽😭😭
@stephandden
3 жыл бұрын
Yay we love that! 🙌🏾🙌🏻
What do you guys think about RBC direct investing compared to wealthsimple?
Thank you both for making these videos, they are amazing. You both are very easy to understand. I'm so happy I found your channel
@stephandden
3 жыл бұрын
Thanks for watching! So glad you're finding the videos helpful 😊
Loving the investment videos, helping me stay on track and motivated with my own investments 👍🏼👍🏼
@stephandden
3 жыл бұрын
Thanks Pete! 😊
CNR and AQN are looking like some of the best Canadian pickups. I sold HEXO on Friday and added to my CNR and AQN positions......I actually picked up some Air Canada shares as well as a testing the waters situation.
@stephandden
3 жыл бұрын
👏🏾👏🏻
This video is great and thank you so much! A question I’m not getting answered from your videos so far is how to automate index investing with Questrade? Seems PPPs are only available through mutual funds and that I have to make each purchase of an index fund ticker symbol like VCN manually every time. Would love your help with this!
Thank you so much for all the videos! You are teaching me so much about investing! Sending love from Argentina!
@stephandden
3 жыл бұрын
Thanks Marina, so glad they’re helpful! 😊
My fav youtubers back at it again with an amazing video! Keep it up!
@stephandden
3 жыл бұрын
Thank you! 🙌🏾🙌🏻
Just found your channel! Love it!
@stephandden
2 жыл бұрын
Yay, welcome!! Glad you're here 😊
This video was so helpful thank you! If i start contributing to my TFSA through wealthsimple does my money come out of my TFSA with RBC? Or is it like having two separate "bank" accounts? Im currently saving for retirement and also for a condo/townhouse with an approx goal of 5 years from now. Should I save for retirement in TFSA as investments and then keep the rest in a regular savings account? Or should I just invest all in TFSA and pull out what I need in the future for housing? So many options haha
Thanks for another great video guys! Learning so much from your content! 👍
@stephandden
3 жыл бұрын
Thanks Karen! 😊
How do I get my wealth simple account to look like steph’s as in mine doesn’t show how much room to contribute and all that stuff. It only shows how much is in there & what I have made . Or is it a different type of account she opened? Great video , I am learning soo much from your channel. Keep up the good work!
@stephandden
2 жыл бұрын
Hey, Lou! That's specifically for the TFSA because there's a contribution maximum - is that the same account you have? And thank you for watching! 😊
Great video, offers a easy way to invest that anyone can understand. I fell that keeping consistent with your investing over decades will be the hardest thing to do.
@ferozali7312
3 жыл бұрын
Thanks for watching.. You can also contact me through.. Always available 👍 on WhatsApp..+1-4-0-8-5-0-8-4-8-2-1..
@stephandden
3 жыл бұрын
Thanks Daniel! 😊
I was interested in the article Den mentioned around the 7:55 mark, is it posted?
Thanks for sharing ☺️ Is your high interest savings account with Wealthsimple too? Or another bank?
@stephandden
3 жыл бұрын
Thanks for watching! It's w/ EQ Bank 😊
Time for me to catch up on some My Fav Toronto KZreadrs Content! Sending a Ton of Love and Light for your Weekend ahead! Enjoy the heat wave both of You!
@stephandden
3 жыл бұрын
Woo happy Saturday! Have a great weekend 🙌🏾🙌🏻✨
@TheSuperHeroOfLove
3 жыл бұрын
@@stephandden Thank You My Friends! 🙏❤️😊
Commenting before watching lol( for the algorithm)
@stephandden
3 жыл бұрын
We appreciate you! 🙌🏾🙌🏻
Hey guys my name is tobi, and I’m kind like her. My dad took me to the bank at the age of 15, got my first job at 15 and I have been saying my money to the bank but not getting nun bank. I’m 18 now and just became a manager but need help on what to invest in?
@stephandden
3 жыл бұрын
Hey Tobi! 😊 Check out our 'How To Invest' playlist for more!
How do you know that the investments you make this way don't go against your values? For instance, I wouldn't want to find out my "retirement fund" is funding a war in another country :O
@stephandden
3 жыл бұрын
Great question! You can specifically invest in 'socially responsible' portfolios - Wealthsimple offers this 😊