How to Start Investing Step by Step: 7 Steps, Explained

Fees of a quarter percent instead of one percent leave nearly 30,000 dollars more, in a markets regulator's example of 100,000 dollars invested for twenty years. That is step five of seven, which run from setting a goal and a time horizon to starting small and investing regularly.

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Watch next:
How to Become a Millionaire (Federal Reserve Data): https://youtu.be/uXOvwUXK0vQ

Chapters
0:00 Intro
0:33 1. Set a goal and a time horizon
2:19 2. Build a reserve and clear costly debt
4:04 3. Learn stocks, bonds, and funds
5:47 4. Understand risk and spread it
7:42 5. Compare costs and fees
9:29 6. Check that the seller is registered
11:22 7. Start small and invest regularly
13:01 Recap

Sources
- A markets regulator's investor roadmap, Save and Invest: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest
- The same roadmap, Define Your Goals: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/define-your-goals
- The same roadmap, Figure Out Your Finances: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/figure-out-your-finances
- The same roadmap, Small Savings Add Up to Big Money: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/small-savings-add-big-money
- The same roadmap, Pay Off Credit Cards or Other High Interest Debt: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/pay-credit-cards-or-other-high-interest
- The same roadmap, Save for a Rainy Day: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/save-rainy-day
- The same roadmap, Understand What It Means to Invest: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/understand-what-it-means-invest
- The same roadmap, Diversify Your Investments: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/diversify-your-investments
- The same roadmap, Gauge Your Risk Tolerance: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/gauge-your-risk-tolerance
- The same roadmap, Learn About Investment Options: https://www.investor.gov/introduction-investing/investing-basics/save-and-invest/learn-about-investment-options
- The same regulator, Asset Allocation and Diversification: https://www.investor.gov/introduction-investing/getting-started/asset-allocation
- The same regulator, Understanding Fees: https://www.investor.gov/introduction-investing/getting-started/understanding-fees
- The same regulator, Five Questions to Ask Before You Invest: https://www.investor.gov/introduction-investing/getting-started/five-questions-ask-you-invest
- The same regulator, Working with an Investment Professional: https://www.investor.gov/introduction-investing/getting-started/working-investment-professional
- The same regulator, Stocks FAQs: https://www.investor.gov/introduction-investing/investing-basics/investment-products/stocks
- The same regulator, Bonds FAQs: https://www.investor.gov/introduction-investing/investing-basics/investment-products/bonds-or-fixed-income-products/bonds
- The same regulator, Mutual Funds: https://www.investor.gov/introduction-investing/investing-basics/investment-products/mutual-funds-and-exchange-traded-funds-etfs/mutual-funds
- The same regulator, What is Risk?: https://www.investor.gov/introduction-investing/investing-basics/what-risk
- The same regulator's glossary, Dollar Cost Averaging: https://www.investor.gov/introduction-investing/investing-basics/glossary/dollar-cost-averaging
- An international organization's report, 2023 International Survey of Adult Financial Literacy: https://www.oecd.org/content/dam/oecd/en/publications/reports/2023/12/oecd-infe-2023-international-survey-of-adult-financial-literacy_8ce94e2c/56003a32-en.pdf
- Another financial regulator's page, Protect yourself from scams: https://www.fca.org.uk/consumers/protect-yourself-scams

Research and fact-checking: Wealth Filings. Henry is a fictional, illustrated presenter. This video is for information only, not financial advice.