How To Invest for Beginners (Step by Step)

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#66: Jeremy Schneider, founder of Personal Finance Club, has doubled his net worth by reinvesting since he retired at age 36. Think of this episode as an Investing 101 course, where Jeremy and Erika guide us through the basics of investing. It’s completely beginner-friendly, even if you’ve never invested! We cover the most common questions you have about investing, including:
what is a stock?
what is an index fund?
⁠what should I invest in?
what is Compounding Interest?
The 50-30-20 rule for investing

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Timestamps:
00:00 - Intro
02:01 - Jeremy's Money Philosophy
07:19 - How to start investing with $10 a month
14:01 - What is a Stock?
18:42 - What Stocks should I buy?
26:28 - What is S&P 500?
31:22 - After understanding index funds, what's next?
36:13 - Which index funds should people be buying?
43:17 - One common mistake of people in investing
44:54 - Sins when it comes to investing
53:59 - The best time to invest
55:06 - Jeremy Taught Me