Millionaire Explains: How to Invest Your First $10K

So, you have $10,000 and you're trying to figure out how you can start investing it. Maybe you already have your high-interest credit card debt paid off. Maybe you already built a 3-to-6-month emergency fund into a high-yield savings account, and now you're trying to figure out, well, I don't want to just save my money, I want to invest it so this way I can accelerate my net worth. And how do I do this as a complete beginner? Well, this is going to be the perfect video for you. In this video, I'm going to share with you my seven-step process on how I would invest my first $10,000 if I were to start all over again. If you don't know who I am, my name is Steve. I used to be a public school teacher, and now I help individuals in their 30s, 40s, and 50s catch up with investing in a very easy-to-understand way. I'm basically going to show you my seven-step process on how I built my seven-figure portfolio along with a lot of our students in our community, what a lot of our coaches do when we coach all of our students, and basically how they built their five, six, and seven-figure portfolio. All right, of course, if you haven't done so already, if you want to download any of my resources like my study guides like the one that you see here, they're all down below within the $1 million investing road map. Or if you just want to take screenshots of my tables, that's totally fine, too. But, if you are going to watch this video, I highly encourage you to have a notebook or maybe another tablet to take some notes because I'm going to go through a lot of details in this video. So, let's jump straight into it. Step number one, and this is the most important part as a beginner, and if you have $10,000 to start investing, you generally want to stay away from individual stocks, meme stocks, penny stocks, IPOs, and even these just riskier assets, maybe even like cryptocurrencies, these non-productive assets because you don't want to put your money, your first $10,000, into something that is going to give you a lot of volatility. You want to make sure that you invest responsibly, and a way to do that is to not just invest in one, two, three individual stocks, but to diversify your portfolio across broad indexes like the S&P 500 or the Dow 30. And one easy way to diversify your portfolio is by investing in index funds or maybe an ETF, which just stands for an exchange-traded fund. So, basically, whenever I take a look at the ETFs that I'm about to invest in, I usually will use this guideline right here to make sure that the ETF that I invest in is a responsible ETF that is going to, of course, grow my portfolio in the long term. So, these are the five six things that I usually off. And I've talked about this in other videos, too. So, the very first criteria is I want to make sure that the one, five, and 10-plus year trend is trending upwards. You want to make sure that whenever you are investing, you're investing in assets that are going up and appreciating over time, not depreciating over time. Number two, I want to make sure that the one, five, and 10-plus year performance is generally around 7% 12%. If you're investing in tech and growth stocks, uh which I'll talk about in a little bit, then you can aim for something that is higher than 12%. If you're investing in more of the stability ETFs, then you can aim for something around 7%. Again, I'll talk about what that means in a little bit. The third criteria is to check for the dividend yield. This doesn't really matter for you if you're going to go heavier in the tech and growth sector, but if you want to increase your stability in your portfolio, I generally will choose ETFs that have a meaningful 2% to 4% yield. And then, fourth, if you are going for this dividend route, the stability route, then it is important that you check the dividend yield history. And the two places that you can check all of this is on Yahoo Finance, which I already linked here in my study guide, and stock analysis, which, again, I'll share with you in a little bit. And then, this is where you want to make sure that you see the ETF increasing their dividend payouts on a yearly annual basis. Next, the fifth guideline that I usually like to follow is to make sure that the the ratio is below 0.50%. Anything that is above this I've said this many times in my other videos it's going to be very expensive and you're going to result in overpaying unnecessary fees in your portfolio and I don't want you to pay say 50 100 200,000 dollars of fees in your investing lifetime. I know that sounds incredibly crazy but if you do the math a lot of people who don't know how to invest they pay all these fees they end up paying 100 200 300,000 plus okay 300,000 plus just by paying fees and you know maybe they give it to a money manager to invest for them or they invest in these high expensive index funds. And then last but not least you want to make sure that the holdings the companies within the ETFs are companies that you are comfortable investing in for the long term. And particularly you want to make sure that they are part of the large index like the S&P 500 maybe the Nasdaq 100 or maybe the Dow Jones Industrial Average. So how do we actually do this? Well if we take a look at Yahoo Finance which is free to everyone this is how we can implement these strategies. So if I take a look at say a ticker symbol like VOO this is an S&P 500 ETF very popular Vanguard index fund that tracks the S&P 500 top 500 companies in the United States. I can check for the one year charts is it going up? Yes it is. The five year chart is going up? Yes it is. And then all the 10 plus year chart is it going up? Yes it is. So it hits my first guideline right here. Second guideline I want to make sure that the performance is between 7 to 12% of course there can be some anomalies some outliers which is totally okay. When you go to Yahoo Finance you can click on performance and on the bottom here you can see the one year performance 22% five years 13% and in 10 years around 15% which checks off our guideline. It's between it's around 7 to 12% a little bit higher just because we've had higher returns in the past. Next we want to check the dividend yield very easy to check. If you check for something like SCHD which is a dividend paying ETF which again I'll talk about in a little bit, so stay tuned. You can scroll all the way to the bottom here to see what the dividend yield is. So, currently, at the time of this recording, it's around 3.3%, meaning that you get paid $3.30 every year for every $100 invested. So, that's pretty good. If this is something that you want to gear towards, it's between that 2 to 4% yield. Next, you want to check the dividend yield history on stock analysis. So, what you can do is when you go to stock analysis, you can type in the ticker symbol here, SCHD, and then you can scroll all the way down to see if the ETF or the stock, whatever it is that you're investing in, has been increasing its dividend yields over time. Back in 2021, you can see that the ETF was paying around 19, 20 cents per share, and then it increased to 20, right, 17, 23 cents, and then if you scroll all the way down up to 2023, it increased to 24 cents per share. And then it went up to around 26 cents per share, and then all the way to where we are now, around 27, 25, 26 cents per share. So, has it been increasing over time? Yes, it has. So, that is something that is a positive for me. Next, we want to check for the expense ratio, and make sure that's under 0.50%. So, when you take a look at Yahoo Finance, again, it's going to show you the expense ratio on the bottom right corner. For this specific ETF, SCHD, you can see that the expense ratio is 0.06%, meaning that you pay 6 cents for every $100 invested each year, which is relatively low. It's below 0.50%. And last but not least, you want to check for the holdings. Very easy to do. You can go back to Yahoo Finance, click on holdings, and you can see all of the companies that the ETF holds within the fund. So, for example, this is SCHD, you probably see companies that you are familiar with, like Home Depot, United Health, right? There's Procter & Gamble, and then Coca-Cola right here, okay? So, very easy. That's step number one. You want to use this ETF selection criteria. Again, this is a criteria, this is a or this is a guideline, not specific hard rules. So, you can tweak things around based on your risk tolerance. Remember, anything that I talk about here, this is not considered financial advice. I'm not a professional tax advisor. You want to make sure that you take a look, you do the research yourself, and see if this is something that you're comfortable investing in in your own portfolio. Because remember, you're in charge of your own portfolio, your own finances. You want to be financially independent yourself. Here's step number two. So, this is where we get into the nitty-gritty detail. We want to first, for me, okay? This is what I would do. I would choose a stable backbone ETF. I wouldn't jump into, again, these penny stocks, individual companies that I know a lot of finance influencers they talk about. They say, "Oh, this one company's going to 3x, 5x, or whatever." That's the fastest way to lose money, right? We want to make sure that we are investing in responsible companies in ETFs. We're diversifying. So, what I would do, okay? You can do whatever you want, but what I would do is I would invest $4,000 out of the $10,000 into a stable backbone ETF. So, what does that mean? A stable backbone ETF? Well, generally, these are ETFs that invest in more than 500, maybe 1,000, 3,000, maybe even 9,000 companies all at once. So, when you buy one share of this ETF, you can invest in all of these companies all at once. And you're going to see that a lot of these ETFs that I talk about, they hold very similar companies because there are a handful of companies at the time of this recording that are really leading the stock market. So, let's go through each of these briefly so we can talk about SPYM. This is the one that I invest in. SPYM, in my opinion, is one of the greatest ETFs that tracks the S&P 500 because the expense ratio is actually very low. It's only 0.02%. I know I just talked about VOO. VOO has an expense ratio of 0.03%. It's not that big of a difference. If you want to save one penny per $100, then you can opt in for something like SPYM. And again, remember, all of these ETFs that track the S&P 500, they are all from different brokerages, different companies. They all make the same thing. All make the same types of baskets with the same types of companies inside. That's why when you take a look at the example companies, you see similar Apple Microsoft Nvidia Amazon all within these ETFs, okay? It's just that they're all from different companies, they package it differently, and their expense ratios are a little bit different, okay? Just very very slightly. So, SPY, again, you can invest in the top 500 companies in the United States Apple Microsoft Nvidia Amazon, Home Depot, Visa, you name it. Most likely, if you take a look around your room right now, there is a company, a brand, that is part of the S&P 500. And you can see that the average annual return is around 13%. We've had a incredibly strong decade. And generally, if you take a look at the decades past, we generally range between 7 to 12% average annual return. So, having 13%, that's pretty good. Another ETF, like what I said, VOO is a great alternative. If you want to diversify into more companies, instead of 500 companies, the top 500 companies here, like the S&P 500, you can invest in something like SCHB. So, it's a little bit broader. And you can take a look at the expense ratio, still 0.03%. The number of companies is around 2,500 companies. The top holdings in here, again, it's all about weights. I made videos about weighting within these ETFs a couple of weeks ago, so I highly recommend that you check those out. And you can see that the average annual return is around the same thing, around 13%. Not bad, right? So, these are just white bread investing into index funds, into ETFs. Another way that you can invest a backbone ETF is VTI. So, if you want to diversify across 3,500 companies, around there, you can invest in VTI. And again, average annual return is around 13%. Everything is approximately the same, okay? So, you can take a look at Yahoo Finance to see the updated numbers yourself. But for VTI, not only do you invest in Apple, Microsoft, and you also invest in small and mid-cap stocks, okay? Some of the smaller companies, they probably don't have that much weight into them, maybe like 1% or even less than 1%. Still, the majority of the ETF is fueled by these large-cap, these blue-chip companies like Apple, Microsoft, and Nvidia. If you want to diversify even more, then you can invest in VTI, the total stock market index, right? Where the index has around 9,500 companies. The expense ratio is going to be a little bit higher, 0.07%, which is still relatively low compared to other index funds, and you'll be able to invest in Apple, Microsoft, Nvidia, and even companies outside of the United States, like Taiwan Semiconductor, right? And the average annual growth has been around 10% over the last 10 years. Pretty good. And last but not least, if you want to sprinkle in a couple of international companies, maybe you don't want to just invest fully in the United States, you can even look into VXUS, which is an international index fund. The expense ratio is still pretty low, 0.05%. You get to invest in over 8,500 companies, and this is where you can invest in Taiwan Semiconductor, Tencent, Nestle, Samsung. And over the last 10 years or so, the average annual return has been around 8%. So, step number one, what I would do is I would use around $4,000 to invest in a stable backbone ETF, maybe one or two of these. That's it. I don't want to overcomplicate, invest in all of these here, five of these or six of these, because there is going to be this thing called overlap. You're pretty much investing in the same thing if you have SPY and VOO, because both of these index funds track the S&P 500, okay? Now, step number three, then I would see how I would feel with investing these stable backbone ETFs. If I say, "Hey, I'm okay with the volatility of investing in the stable backbone ETF for a month, 2 months," then I can graduate myself and say, "Okay, I am okay with having more volatility, having more potential for growth. This is where you can choose some tech and growth ETFs. And I would put around $3,000 into this, okay? So, what are some ETFs that are more tech and growth oriented? Well, there's QQQM, expense ratio is around 0.15%. This is the most expensive one out of this entire list here. This basically tracks the Nasdaq 100 or the top 100 technology companies in the United States. This includes Nvidia, Apple, Microsoft, Google. Very similar to this here. All of these stable backbone ETFs, but the weighting is higher, okay? You're going to see that Nvidia, Apple, Microsoft, Google, it's going to be maybe 3, 4, 5% higher in weighting. So, that you'll be more focused on these blue chip tech ETFs if you were to invest in these ETFs here. The average annual growth has been around 16%, which is a little bit higher, around 3% higher compared to these backbone ETFs, which they had around 13%. If you want to invest in another ETF, maybe from Vanguard, right? This is VUG or VGT. You can see that, okay, maybe I want to diversify into 180 companies or 300 companies, then sure, you can do that, too. The expense ratio is pretty low. You can also see that the average annual returns over the last 10 years has been around 16% and 19%. VGT actually has been outperforming a lot of these high tech growth ETFs over the last 10 years with 19%, which is very impressive. And the expense ratio is a little bit less, right? A little bit lower. Not as low as VUG or SCHG, right? And again, there's SCHG, 0.04%. You get to invest in 500 companies, and the average annual growth is around 16%. So, what I would do, again, I would probably put around $3,000 into one of these ETFs here. I wouldn't choose two, three, or all four of them. Just choose one. That's it, okay? Now, there are some pros and cons to this, okay? With these tech growth ETFs that I talk about a lot in my other videos. The pros are, of course, you're going to have higher potential long-term growth. Now, because these are tech-oriented, there is going to naturally be a lower dividend yield. A lot of these companies, when they have profits, they don't want to pay their shareholders like you and I these dividend payouts every quarter. Instead, they will reinvest that money back into their own companies, maybe into R&D, how to better their products and services, maybe into hiring more. So, they're in that growth phase, right? That's why you get the higher potential long-term growth, all right? So, this is actually This is actually a con here. Sorry, let me put that over there. And if you are someone who likes to sell covered calls, or you want to sell covered calls later, or you want to generate some monthly income or quarterly income, then the pros of this is that yes, these premiums that you collect from these contracts, covered call contracts, cash-secured put contracts, they are going to be on the higher side because it has higher volatility, okay? Now, what are the cons? Well, cons are they are very quick to drop uh well, quick to drop in the long term, sorry. Quick to drop in during I'm going to write during uncertainty. Okay? Uh whenever there is like any negative news, any negative geopolitical events, typically, tech and growth ETFs, stocks, these are the ones that will drop the fastest. I'm going to do a comparison with charts with all different types of ETFs in a little bit, so stay tuned. It's going to be very helpful for you to visualize, especially if you're a visual learner. Some of the other cons is there's higher volatility, which again, I'll show you. If you can't stomach the volatility with tech and growth ETFs, then this is probably not going to be for you. And of course, it has a low dividend yield, okay? All right, so here is step number four. If you say, "Okay, after you invest in these stable backbone ETFs, and you don't like the volatility, you don't like the tech growth ETF volatility," then you can invest in something like a dividend income ETF, okay? So, if you want to balance this out, you can even put around $2,000 into an ETF that is more dividend income focused. So, what are these ETFs? What are some examples? Well, generally there are three that are very popular amongst my community and also what I invest in. I invest in SCHD. SCHD is from Charles Schwab. Again, like what I said, anything that starts with SCH is from Schwab. Anything that starts with V comes from Vanguard. Anything that starts with S usually is from State Street, right? With SCHD the expense ratio is generally low. You can see everything is around 0.06, 0.07%. These are the number of companies and the average annual growth is a little bit lower compared to these backbone ETFs. It's around 10, 11, 9, 12% or so. However, if you take a look at the dividend yield, it's a little bit on the higher side, right? There is around 3.3% for SCHD, meaning that you get paid $3.30 for every $100 invested for the entire year. And then you can divide that by four because usually these ETFs will have a quarterly payout. All right? If you don't know what any of this means, then I would highly encourage you to watch my dividend income ETF video that I filmed a couple weeks ago. It's going to go through all of these details here. There's also VY M where, you know, the dividend yield is a little bit lower. It's around 2.3%, but still relatively high, right? Between that 2 to 4% dividend yield. And there's SPYD where this is the highest. It's around 4.2% and you can see, well, what are the companies? What are the things that it holds within the ETFs? For SCHD has more of Verizon, Coca-Cola, Home Depot, Pfizer. With VY M there's some Exxon Mobil, some Johnson Johnson, some banking, right? JP Morgan. And SPYD has a couple of REITs, right? Real estates and financials within this ETF. So, you can see whatever it is that you're comfortable with investing in, okay? So, that would be step number four with choosing a dividend income ETF. I would put around $2,000 into that. Now, if you take a look at the pros and cons, like what I said before, it's going to be the opposite of these tech and growth ETFs, right? The pros are they are more stable during market uncertainty and they have a higher dividend yields if that's something that you're trying to gear for. Okay, you want that consistent income coming in, right? You don't really care for the volatility. The con is there is lower potential long-term growth, which I'll share with you in the charts in a little bit, okay? So again, I would break it down into these three ETFs. First is the backbone stable ETF. Put around $4,000 into that, and then a tech growth ETF around $3,000 into that, and then I would put around $2,000 into a dividend income ETF. So let's take a look at some charts. So this is on tradingview.com. You can write this down in your notes. Tradingview.com, it's free. You can compare a lot of different ETFs all at once. So here we go. I color coded everything here. VGT is going to be this blue line right here. This is a tech growth ETF. VOO, which is a stable backbone ETF, is in green here. And then SCHD, that's like this bottom one right here where it's red, green, red, green, okay? So I usually like to have an analogy where we're investing in these three different buckets of ETFs. It's kind of like Goldilocks and the Three Bears. You have the cold soup, the medium soup, and then the really hot soup. So depending what kind of temperature soup that you want, then you can choose whatever ETF that you want, right? So if you want the really hot soup, then you can take a look at VGT, right? If you want that medium soup, VOO backbone ETF. And if you want that cold, chill soup, then then you have that SCHD, that dividend income ETF. But let's take a look at history and what history has shown us. You can see that in the past, maybe even like in 2025 when we had that big correction, big drop in the stock market, you can see that the one that dropped the fastest was VGT, right? It went from here all the way down to here compared to something like SCHD. So if I take a look at maybe a better example, back in 2022, I know there are a lot of numbers here. Here, let me hide one of these here. I will hide this one here. Back in 2022, we had the Federal Reserve come out and say that they were going to increase interest rates. And of course, Wall Street investors did not like that. That was very scary for them. So, what happened? Well, a lot of Wall Street investors, institutions, they started selling their stocks, right? And what happened was a lot of these tech growth ETFs dropped very fast. So, you can take a look at the blue line and take a look at the Y axis, which is the vertical line. You can see that we dropped all the way down here, around 34, 35%. All the way from top to bottom, right? 35% is a lot of money. It's a huge percentage points. But, if you compare it to a a stable income or any income dividend ETF, it didn't drop as much, right? It went from here all the way here, SCHD only dropped around 17, 16%, right? So, this is one of the benefits with investing in SCHD, these dividend income ETFs, where it doesn't drop that much. It's just kind of went sideways here, while tech and growth ETFs drops dropped the most. However, of course, if you zoom out and take a look at that long-term growth, you can always see that, well, generally, you can always see that the tech and growth ETFs outperform all these dividend income ETFs. Look how big this gap is, right? VGT from 2021 all the way to now, it had a 135% growth compared to something like SCHD where it only had 30%. Of course, this number right here doesn't include the dividend payouts, but just looking at the asset appreciation itself, you can see these tech and growth ETFs have grown way, way more in the long term. So, this is why again I say, take a look at your own risk tolerance. If you can endure the stock market ups and downs, then yeah, go for a little bit more for the tech and growth ETFs. If not, then you can go for the dividend income ETFs, okay? So, that's step number four here. Let's take a look at step number five, which is very important here. I think that a lot of people when they get started with investing, they invest all of their money and then they start freaking out whenever there's some sort of market volatility. So, as a beginner, of course, I like to ease my way into a swimming pool, right? We dip our toe in, just see how we feel, and we can dip another toe in, and dip another foot in. Same thing here with investing. We can, instead of investing all of our money, you can choose to invest in a little bit of your money into a money market fund. And basically, a money market fund is where you keep your cash, put it into a fund where it's put into something like US government securities, T-bills, right? Treasury bills, certificate of deposits. It's not going to give you super high returns, but it's going to be way better than leaving it something in like Chase, Wells Fargo, Bank of America, where they only give you like 0.01% or 0%, right? So, if you want to put your money into a money market fund, it's very easy, you can put it in, take it, sell it, easy to take out, very similar to a high-yield savings account. Here are some examples. There's SPAXX, SWVXX, and VMFFXX. And the rate of return, generally, depending on what the Federal Reserve gives us, it's around 2 to 5%, right? If the Federal Reserve wants to increase the interest rates, then it'll go back up to around 5%. They want to reduce it, it can drop down to 2%, maybe even 1%. But generally, this is way better than just leaving your money in a low-interest bank account. All right, so that's step number five. Step number six, because you're a beginner here, right? This is super important. You want to make sure that you automate your investment. So, you can take a screenshot of this. So, how do you automate your investments? Generally, when you start investing, you don't want to invest directly into a taxable brokerage account. I mean, you can, you can do whatever you want, but generally, if you want to save the most on taxes, you want to be responsible with your investments, you want to make sure that you're okay with growing your having a good amount in your nest egg in the next 10, 15 years or so, you want to put your money in a tax-sheltered account. Maybe like a Roth IRA, which is stands for an individual retirement account. I talked about this in detail in another video, so make sure you check that out. But generally, I would invest in a Roth IRA first, and then if you qualify, if you have a high deductible health plan, you can put it into an HSA. Very powerful accounts. I made a video about it a couple of months ago, so check that out. And then you can invest in a taxable brokerage account. Okay, in this specific order. That's why I put in order of operations. I'm trying to make it as simple as possible here. Okay, if you go backwards, what's going to happen is you're going to start getting taxed in a taxable brokerage account. You're not going to save the most on taxes. Ideally, it's not the best way to go. So usually it's Roth IRA, HSA, and then taxable brokerage accounts. Okay, sound good? Okay, hopefully this makes sense. You can maybe give me a thumbs up if this lesson totally makes sense here. Now, this is where we want to make sure that you set up your recurring deposits, okay? And you start contributing a little bit of money into your accounts every single maybe 2 weeks or maybe every single month. So three steps here, okay, to automate your investments. You're going to set up your recurring deposits. Very easy to do. So generally, for a lot of my community members, they will start with like $500 a month, something like that, okay? If you want to start lower because, you know, that's okay, right? There's no shame in starting lower as long as you're getting started, you should be very proud of yourself. And you can do that, too, okay? So set, you want to make sure that you choose a comfortable amount that you want to put in on a recurring basis. 2 weeks, every 4 weeks, or whatever. Because remember like what I said in all of my videos, the most important bill that you want to pay is the you bill, your future you bill, okay? Not Amazon, not Netflix, not Uber Eats, it's the you bill. You will thank yourself in the next 10, 20 years and look back on this day and you're going to say, "Oh, I'm so I'm so happy that I started contributing and putting a little bit of my paycheck away into these retirement accounts." The second step is you want to buy some shares each month. I have a lot of people where they open up their Roth IRAs, they put money inside, and they think they're investing, but they're not. You have to use that money to start buying assets, the ones that I just talked about, those ETFs or whatever it is that you're comfortable with. So, you can set a plan for yourself where you buy 10 shares a month or 20 shares a month, right? For my example, I put 10 shares a month. This is something that I did back when I was a public school teacher. I just started very small, $500 a month, and then I bought like two shares here, three shares here. So, as long as you're consistent and disciplined, you'll be okay, all right? And here's the most important part. Now, you want to make sure that you increase your contribution goal. So, for those of you who are starting smaller, it's totally fine. You can start with $50 a month and then start to increase it to $80 a month and then maybe $100 a month and then $500 a month and then $1,000 a month. This is something that my community members do. So, it's kind of like going to the gym and having progressive overload. You're adding a couple of weights on the side, maybe a pound here, a pound here. So, you're just slowly getting stronger over time, okay? Same thing with your finances. We want to get stronger with our finances. We're going to increase our contribution goals, okay? All right, here is step number seven. So, now I see that a lot when they start investing, they kind of invest random amounts. They don't know if they are investing the right amounts per month to get to their retirement goal, their FIRE number. Some of you have no idea what that means. So, that's why it's so important that you download the $1 million investing roadmap. Basically, I created this whole entire resource folder just for you, so you can look at my all of my sheets, my calculators here, all of my different ETF comparisons. I have calculators here, brokerage comparisons. Everything is all here. So, this is the most important tab here. This is 5A, the compound interest calculator, where you get to figure out, well, how much do you actually need to contribute to get to your actual goal, right? And how do you define your goal? Well, it's right here, too. Tab 5B, figuring out how much you need during retirement using the rule of 25, using the 4% rule. So, you can type in your numbers here. It's a calculator. This is all free here, okay? And then it's going to tell you how much you actually need in retirement. Maybe it's like $500,000, a a million, 2 million dollars, whatever it is. Some people when they don't figure this out, what ends up happening is they will under invest or yeah, they'll under invest and then in the next 10, 15 years or so they find out, "Oh my gosh, like I don't have enough for retirement." So they can never leave their job. I don't want that to happen to you. There are other people where they over invest where they are penny pinchers and they invest too much where they don't enjoy life right now. They don't want to go out to eat, they don't want to go on vacations. It's kind of like my parents, my Asian parents, right? So this is something that you don't want to also fall into as well. So you want to make sure, okay, what is that range, that comfortable range where you need to figure out how much you need to actually invest so that you're not over investing and you're not under investing. Okay, that makes sense? So make sure you download the $1 million investing roadmap. I talk about exactly what to do step-by-step on how you can figure all of your numbers out. And if you are someone who has more than $50,000 of uninvested or just letting it sit in Chase, Wells Fargo, Bank of America in a low interest accounts, I do encourage you to sign up for my 5-day investing challenge. You can fill out the form here to get all of my resources down below and I'm going to invite you to my 5-day investing challenge where I want to make sure that you get started with investing as soon as possible in under 5 days. I'm going to help you set up, automate, and diversify your portfolio. And not only that, I'm going to help you I'm going to give you access to my entire course right here that teaches you how to set everything up including quizzes, all of my resources inside. Okay, I'll have my quizzes cuz I am still a teacher. And you get to ask me your questions within the community chat. And if you still have more questions, you get to ask me in my live chats that I host every Thursday at the time of this recording. It might change later on. So you get to hop on a call with me, a lot of other community members, turn on your camera, turn on your mic, see that I'm not AI. A lot of people think I'm AI for some reason. It's kind of weird. But yeah, I'm going to be there to help answer all of your questions. And if you still need help, I'll even jump on a one-on-one strategy call with you or my team members will if I'm too busy, and we'll build out a personalized plan for you to help you get started. Because, you know, for you to have this amount of money or more in your low-interest account, you actually have the most risk, which is inflation risk. I work with a lot of individuals where they basically just keep leaving all of their money in a low-interest bank account, a checking account, and their buying power just keeps eroding, you know, year after year after year. So, that's something that I don't want for you here, okay? So, if you're interested in any of this here, you can get all my resources down below. If not, that's totally okay. Hopefully, this video helps you with allocating your first $10,000. If you have any questions, please let me know in the comments. I will try my best to answer them in the next week or so. And yeah, hopefully, this helped. Give me a thumbs up, maybe a like, and all that other YouTube stuff, and I will see you all in the next video. Bye, everyone.