This is the goal
This is the action plan
Here is how: Student questions answered
Remember that a Roth IRA just holds your money. If you want your money to grow to $2.6 million, you have to invest that money by purchasing something in your Roth IRA.
Some people have the three bars at the top that they have to click to find the menu bar that gives you the option to find $ which has the trade or transfer option.
I recommend buying SPY (this is the abbreviation or ticker symbol for an investment that buys all 500 companies in the S&P 500 – Google, Tesla, Nike, Disney, Amazon, etc.). It is up to you what you purchase but the evidence is clear that buying something following the S&P 500 is how you invest successfully and make millions of free money. Other options include VOO, IVV or XVV (excludes a few industries).
Unfortunately there is no way to automate this process. Set a calendar reminder to make your purchase every month. The money transfer and purchase take less than 1 minute.
If you are ready to be financially empowered and want to turbocharge your success, then join my class.
Disclaimer: I am an educator, not your personal financial advisor. Please make sure to do your own research before moving forward with any actions discussed in this blog post.
Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!
