How to Build Wealth in Your Teens

"so you can buy dividend stocks so those are stocks that pay dividends so you're basically having your money make you more money or you can buy index funds so those are perfect for beginners that are clueless about the stock markets"

"it's like the stock market but it's faster it's more volatile it's open 24 7."

"you do not want credit card debt because credit card debt the interest rate on that is extremely expensive so it's the biggest waste of money so do not get into credit card debts"

"at a minimum you're going to get a one percent cash back offer so this is how it works when you use your credit card let's just say that you buy something for a hundred dollars with your credit card right the credit card company is going to give you one dollar back it's so they call that a one percent cash back"

"you also want to get a checking account and a savings account that pays interest well the higher the interest rate is the better it's going to be for you"

"an emergency fund is so important because it's going to give you a cushion when you have a financial emergency because when something goes wrong if you don't set aside money then what are you going to do you're going to start selling your Investments you're going to start selling your stocks in a panic you're going to be withdrawing money from your retirement accounts early which you're going to be hit with withdrawal penalty"

"you put money into Roth IRA you need to take that money out you can you can with without a penalty and without paying taxes so isn't that awesome also any money that you make within a Roth IRA is tax free"