The BEST Investing Account No One Uses
Вставка
- Опубліковано 29 чер 2024
- This is by far the best investing account available, but hardly anyone uses it. Let's talk about why it's better than other kinds of investing accounts, how to use it, why it's so rarely used, and what the big mistake is to avoid when using this account!
⏱Handy Timeline:
0:00 Intro
0:35 What is it?
0:44 Why it's amazing
2:50 How to use it
4:09 Company contributions
5:13 Limits
5:30 2 More critical things to know
6:20 How to use the money
7:00 Investing
7:32 How to use it for retirement
9:12 Why don't people like it?
11:12 How I used them personally
12:40 BIG MISTAKE
15:05 Overall
16:22 Worth it either way
19:19 Secret
⧉Join this channel to get access to perks:
/ @brendanevan
More info on HSA's
www.healthcare.gov/high-deduc...
www.fool.com/retirement/plans...
=====
📗Easily learn all the essentials of stock market investing in a single afternoon:
brendan-s-site-0fd7.thinkific...
Digital Products I made for you:
Relationship Money Plan: brendanevan.gumroad.com/l/Rel...
Net Worth Tracker: brendanevan.gumroad.com/l/ZCeXo
Budgeting Spreadsheet: brendanevan.gumroad.com/l/Bre...
New Investor Checklist: brendanevan.gumroad.com/l/Inv...
Better Goal Template: brendanevan.gumroad.com/l/Goals
Memento Mori Life Grid: brendanevan.gumroad.com/l/BFA...
My Free Newsletter: brendanevan.substack.com/
My Early Retirement Projection Spreadsheet: brendanevan.gumroad.com/l/Ret...
=====
Services Worth Checking Out:
👨💻Data made easy with Fennel, the superpowered investing app: Free trial without a credit card AND get 1-12 months free!: fennel.sjv.io/c/2906384/195947...
📈M1 Finance Investing: (Get up to $100 when you start investing today! eligibility requirements apply To get it, invest at least $100 in an individual account or at least $500 in a retirement account)
m1.finance/td-bpuTpiT9T
🐿Start investing with Acorns! Now get $20 when you use my invite link: www.acorns.com/brendan/
🤿Want to dive deeper with an investing service built for the pros and available to everyone? Check out Interactive Brokers: www.interactivebrokers.com/mk...
📊Get 2-12 free stocks with WeBull after you make your first deposit! (The best app for getting free stocks. Remember, you MUST link your bank account or you get no free stocks!)
www.webull.com/k/BrendanEvan
💡Make informed decisions with deep investing tools and research with Seeking Alpha (My subscribers get 20% off plus the first 7 days free!): www.sahg6dtr.com/3146C9P/R74QP/
👩🏫 Learn more with Skillshare, my favorite online learning platform: skillshare.eqcm.net/c/2906384...
Sign up for Robinhood with my link and we'll both pick our own gift stock 🎁 join.robinhood.com/brendab533
(These are ALL affiliate links)
=====
🕰Make sure to check the time stamps to navigate to the most interesting parts easily.
🏎💨If I am talking too slowly, just click on the video settings option and look for “Playback Speed”. Changing this to 1.25x or 1.5x can make the video flow a little better if you want to pick up the pace!
📥Contact me here for business purposes: Brendan@brendanevan.com
#BrendanEvan
Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!
Updated Acorns Affiliate disclosure as of 4/9/24:
Paid ad. Compensation provides an incentive to positively promote Acorns. The information and opinions presented are for informational purposes only and represent the views of the promoter as of the date created and are subject to change. Investment advisory services offered by Acorns Advisers, LLC, an SEC-registered investment adviser. View important disclosures at www.acorns.com/brendan/ and Acorns.com.
^This doesn't mean I was paid to make this video, it means I have an affiliate relationship with the company which allows me to make money from you using my links to sign up for services.
I have my HSA with Fidelity
Best way in my opinion to use a HSA. Is to invest the money let it grow . So when you get older you don’t have to pull from retirement accounts to pay for medical bills. Great video
Speed. As always I appreciate you time and videos. I’d love to have an HSA but my employer doesn’t offer it.
I remember when HSA were first offered, I worked in HR benefits, and I was like this seems like crap. Now I am like this is Awesome!!! We both have one with our employer and finally I had enough in mine for investing and it's been great!
Thanks for the info! Been with a real job for about 3 years and was confused about my HSA (as you mentioned) and I let it sit there. Will get to investing :)
So does HSA can just stay as part of your account set-up even after you transition into a more traditional insurance plan? If so wouldn't it make sense to get one for at least one year (if you were on the fence) so that you would always have the account there? You wouldn't be able to contribute anymore I guess, but you'd still be able to invest the existing amount, right?
Right, but most people aren’t planning to “transition” to a traditional plan. They’re keeping it and maxing out year after year
Quick question! If I have to pay for a medical treatment, do you think it’s better to use the money in my HSA account (as I’m supposed to) or to pay with my regular credit card and let the money in the HSA account grow? Thanks!"
Totally depends on your plans and goals. People do it both ways!
SPEED