Financial Literacy Opening A Roth IRA (Step by Step)

Just because you grew up Latino does not mean you should not understand basic financial literacy. So let's change that. My name is Doug, I am 25 years old. I grew up low income but now I have over $135,000 invested. So let me show you exactly how I did it. Now, I see all the messages, how do I open up a Roth IRA? Let's do it. Two main platforms that come to mind: Vanguard and Fidelity. Personally, I use Fidelity because all the employers that I have used have used Fidelity. So it makes it easier. No. Step number one, go to fidelity.com. You're gonna click on Retirement & IRAs. And click on Roth IRA. Enjoy tax-free growth potential, with tax-free withdrawals. Open a Roth IRA. So you see there's so many different accounts we can open. So let's just focus on the Roth IRA. If you did not watch the last video on what it is, please go watch it. Now you're gonna put in all your information for your social security number because it is a federal account. Review your information, make sure it's all correct and then click create account. Once the account is created, it'll ask you to link your bank account and deposit money. You deposit how much you're comfortable with doing. I would say minimum $50 is good to start. Boom, you just opened up your Roth IRA. Congrats, because this will change your entire life. You might not notice it now, but I guarantee you in 10 years, 20 years, 30 years, when that money is growing over $500, $600, you're gonna be like, damn Doug, thank you.