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In this Beginner’s Roth IRA Investing Masterclass, I talk about the 5 steps on how to build a $1 million portfolio:
1. Choose a brokerage (Customer support, functions)
2. Open a Roth IRA (Questions, form)
3. Deposit money (How much to contribute based on age)
4. Buy assets (ETFs vs individual stocks, what’s easiest for beginners)
5. “Water your plant” (DCA method, DRIP)
I also talk about the number one mistake beginner’s make, which is that many people give up too early because they don’t “see results.”
Like anything with life, it’s important that we stick to the game plan when it comes with being disciplined and consistent with investing our money on a monthly basis.
We need to water our plants.
Remember that this is a BEGINNER’S video and I didn’t want to get into the complexity of describing the growth of the shares, ETF/stock splits, etc. I wanted to make all variables static to keep the video simple.
As a former public school teacher, I found that when things are too complex, people often don’t take action.
Also, getting to a $1 million portfolio is going to depend on how much you invest monthly. Start small and invest consistently to help you grow your wealth exponentially in the long-term. It’s okay to be the turtle.
I hope that we’re all able to plant our acorns now, so we can all have oak trees later and be able to live off of our dividends and asset growth.
Hope this video brings value to you and encourages you to start building your wealth! 🙂
Have a good day!
-Steve
👋🏻 How to build a $40K-dividend portfolio: https://youtu.be/AXRPhXyWNeE
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@lesliemendez3849
Thank you. Simple and easy to follow and do. What if a person cannot contribute the designated amount as per age?
@KickDiesel1
Thanks
@Sparkdawg1776
Great videos!! You've been very helpful, thank you
@ItsMissCoral
Question what happens if you start making more that the cap year amount?
@Sunsheesh
Can I transfer a traditional IRA to a Roth IRA?
If opening a Roth IRA the end of the year like November or December can it be started with the full allotted amount for the year example the full ?
@SirFoodie1904
I’m 53 years old with nothing to show for. I had filed bankruptcy two years ago because of my business. Now I need to invest aggressively because of my age. Also recently divorced. My ex wife fully funded her retirement plan with $9.4 million dollars when I was doing all the spending on all the bills including vehicle payments and repairs. I’m working as a long haul trucker so I don’t have to worry about renting a place. I do have child support and my life insurance plan that I’m currently contributing at $1500 per month with cash value of $500K. I know it’s not enough to retire or do anything with. My advice for young people is to start saving as much as possible and invest aggressively when you’re young. Remember that illnesses doesn’t discriminate your age. Without health , wealth means nothing.
@kendallsheats
really thankful for the honest tone you kept throughout. asking respectfully, in what way can I start investing this 2025 as a beginner and be successful with more or less than 5k?
@jibangaire5300
Just started to invest. Just opened an account and invested 4k. I do have about 120k in checking account. I’m confused what to do. I’m scared to invest because I already lost about 170k. Cause of my knowledge and language barrier. I didn’t understand properly. Anyone has any idea? Truly appreciate your help. Thanks
@TammyBaumgardner-b2e
Any advice for beginning investing in my mid fifties?
@lisalopatriello3398
Excellent information and seems easy enough!!
@ElevatedStar
You are brilliant, just what I needed. Thank you❤❤❤
@camillethomas6831
Hi, Steve I just subscribe
@akiliga
I will be hitting you up you did fantastic can you help a lot of people believe that and that's what the world is supposed to be about thank you big dog
@akiliga
Here was the blessing the blessing was right here right now thank you so much
@ataglance60
I’m 56 yo and still have big credit cards debt but I’ve savings from 401k and 457b, TSP, and variable life insurance with cash value – what’s the best way to pay off credit cards? Can I touch these investments or pay by other means or from my pay check?
@PhiPham-q1o
Thank you Steven for sharing.
@user-dj1tn9fo6k
You said to buy only one ETF and then build on it. Can you buy several of the same things?
@MariaAnnRooney
This is exactly try where I’m at. I’ve been paralyzed with not knowing how to invest the very little I have and wanting to get the most out of it. I’m a senior and needed a beginner’s push into going forward with investing. You make it sound easy. I’m going to do what you recommended. Thank you so much.
@jasonallen7779
Good information about investing
@AwakenCobra
Finally someone who can walk us through step by step. Thank you so much.
@MoneyMadeSimple_02
Thank you. I'm 43 years old, Planning on retiring in 20 years and im ashamed to say i haven't really started….
I'm starting this october 11st 2025
@jimbohawk123
If someone is only able to contribute $50 a month are they still able to purchase a portion of VOO index fund?
@jimmygauv6357
You are a super hero boy. It very good to share to the people who want to make money.
@HannahRiley-e8u
As new investor, it's important to remember that investing and trading require more than just technical analysis skills. Discipline and emotional maturity play a significant role in achieving success. It's wise to keep in mind the adage of "time in the market vs. timing the market," as this mentality can help you weather market volatility. With insights of Richard Vitale and my commitment to learning and growth, I've been increasing my earnings in just a few months. Keep up the good work!
@fybuhcuh
This is top-tier content.
@fourNo-t1g
This is really impressive.
@tonimadison9463
Thank you for your easy to understand explanations. I have a better understanding now.
@rhythmicbaritone1096
Thank you. This helped.
@oswaldotravers3170
If I’m new do I have to buy several sp500 etfs or just choose one and
Keep putting money into
That one
@bancento
Very well explained.
@robinrutherfordcost4748
Many companies allow up to 3 automatic deductions directly into accounts, so the money you get in your check from work is after those deductions have been done already. Dave Ramsey's baby steps to get out of debt and build wealth and the automatic millionaire. Baby steps millionaires is a book on the largest study of millionaires. Hope that helps.
@robinrutherfordcost4748
For people who may be having trouble changing their mindset – Dana K White, Cass the Clutterbug, and the Minimal Mom are very helpful – you don't need stuff and your kids don't want it or want to have to go through it after you return to spirit. Show them how freeing having less stuff can be! Swedish death cleaning, Aurikatarina has helped me change my attitude towards cleaning. Hope that helps.
@connieenglish3118
This really helped me! Going to open up a Roth! ASAP!
@florencenwaki4667
Very instructive. Thank you.
@g_senpai
Thank you
@abdulFawiz-m7m8y
Your analysis is inspiring and mine is almost similar. Getting the best strategies for short term/long-term trading involves a lot and I stayed determined, took risks and also learned from my mistakes. Considering how beneficial my investing in trade has been lately, my target is to hit 1million by 2026 and I believe it is achievable
@sobe3328
Great information!
@franciliaorisma912
Thank you
@issarazak3823
Thank you for this great presentation. Kindly, I have been contributing to my. Ira monthly. How do I switch it to fidelity? Thank u.
@patrickfrazier5227
Thanks for the information it was very helpful☺️
@laylaflores7685
So keep investing in stocks? Got it. However when would I stop?
When can I take it out?
@wetchicken4236
I can afford to max out my IRA for the year, should I do it? If so then what do I do after that?
@latina.undercover
At any point do you recommend selling some of the shares in an ETF to then reinvest the gains?
@Baddnece
How much do you pay for the stock?
@lisawilliams4266
great info I learned a lot