The Hard (& 100%) Way to Get Rich! 🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ https://www.interactivebrokers.com/mkt/?src=zietPY2&url=%2Fen%2Fwhyib%2Foverview.php%3Fnored%3Dt 🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ https://www.interactivebrokers.com/mkt/?src=zietPY2&url=%2Fen%2Fwhyib%2Foverview.php%3Fnored%3Dt ✉️ Free bi-weekly newsletter on all things finance ➡️ https://www.ziet.co/newsletter/ ⬇️ Timestamps: 0:00 → Intro 0:39 → How I started 3:07 → Net Worth 14:36 → Emergency Fund 17:27 → Budgeting 21:16 → Investing 23:41→ Conclusion 4 main components for personal finance: - Net Worth (i.e. Measuring your wealth) - Emergency Funds (i.e. Minimising your risk) - Budgeting (Cash flow control) - Investing (Growing your money) Net Worth The formula for increasing net worth is simple yet effective: increase your income and reduce your spending. One way to do it is by engaging in freelance work and continuously learning new skills to boost your income. At the same time, be mindful of your spending habits as well! Emergency Funds You should have a backup plan for unexpected financial emergencies! Are you prepared for unforeseen circumstances that might require immediate financial resources? If you don't, start building an emergency funds, like right now! And while the insurance agents may seem like they're trying to earn your money, having a solid medical insurance is very crucial and everyone should get one. Budgeting You should aim to save or invest 20% of your income. For beginners, you're recommends following the 50/30/20 budgeting rule, which divides your income into essentials, wants, and savings. This will definitely help in managing your finances effectively, making sure you have your future in shield while also living your life to the fullest! Investing Bottom line is, investing is different from gambling. To invest it correctly, you should explore various asset classes and understand the importance of diversifying your investments! It helps to mitigate risk while maximizing potential returns, stay tune for my coming video about invesitng! — ❗️USEFUL LINKS❗️ ✅Start Investing in the U.S. market now!👇🏻    • Investing in the US market   ✅Full Interactive Brokers Playlist👇🏻    • Interactive Brokers Guide   ✅Beginner's Step-By-Step Playlist to Start Investing 👇🏻    • Beginner's Guide to Investing   ✅Exchange-Traded Funds (ETFs) Playlist 👇🏻    • Exchange-Traded Funds (ETFs)   ✅🎥All the gears that I use to make my YouTube videos: https://kit.co/Ziet/youtube-gears — SOCIAL MEDIA LINKS 🔵Facebook → https://www.facebook.com/ZietInvests 🟣Instagram → https://www.instagram.com/ziet_invests/ 🐦Twitter → https://twitter.com/ZietInvests 🌐Website → https://www.ziet.co/ 💭Telegram → https://t.me/+fIOOXUQJjsVmNmY1 🏠Discord → https://discord.gg/sVkK3Mfujw Personal finance Money Rich How to get rich How to build wealth How to be rich How to earn money How to budget Budgeting Investing Emergency funds Net worth Rich dad poor dad #PersonalFinance #GetRich #FinancialFreedom #WealthBuilding #SideHustle #Freelancing #Investing101 #BudgetingTips #NetWorthGrowth #EmergencyFund #SmartSpending #IncomeBoost #FinancialPlanning #WealthMindset #SavingsStrategy #InvestmentAdvice #FinancialSuccess #MoneyManagement #GrowYourMoney #FinancialLiteracy — Disclaimer: This content is provided by a paid Influencer of Interactive Brokers. Influencer is not employed by, partnered with, or otherwise affiliated with Interactive Brokers in any additional fashion. This content represents the opinions of Influencer, which are not necessarily shared by Interactive Brokers. The experiences of the Influencer may not be representative of other customers, and nothing within this content is a guarantee of future performance or success. None of the information contained herein constitutes a recommendation, promotion, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products and services before making investment decisions. Risk disclosure statements can be found on the Interactive Brokers website.