It's Prime Time for Goal Setting...

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Welcome to the WOLF Financial Newsletter.

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With 2024 fast approaching, it's prime time for setting goals.

And for everyone, investing for your future needs to be at the top of the list.

For those new to investing or looking for a fresh perspective...

Here are 10 ways to invest your first $1,000:

(𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘦𝘹𝘢𝘤𝘵 𝘱𝘭𝘢𝘯 𝘭𝘢𝘪𝘥 𝘰𝘶𝘵 𝘧𝘰𝘳 𝘺𝘰𝘶)

𝟭) 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗲𝗱 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼

50% broad-based stock market ETFs (think $VOO & $VTI)

35% high quality investments

(can be more ETFs or blue chips)

15% higher risk

↳10% growth backed by research

↳ 5% crypto, options, commodities, etc.

𝟮) 𝗟𝗲𝘀𝘀 𝗱𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗲𝗱 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼

100% broad-based stock market ETF.

Some of the most common in this category...

• $VOO

• $SPY

• $VTI

And hold for the long-term.

Focus the rest of your energy on making as much money as humanly possible so you can invest more.

Rinse and repeat.

No need to overcomplicate it.

𝟯) 𝗜𝗻𝗰𝗼𝗺𝗲-𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝘀𝗸𝗶𝗹𝗹𝘀

$1,000 can only get you so far if you invest in stocks.

But if you invest in your skills?

You can create an opportunity for exponential returns by increasing your income.

Here are some low barrier to entry skills you can learn to earn an income anywhere in the world.

𝘊𝘰𝘱𝘺𝘸𝘳𝘪𝘵𝘪𝘯𝘨:

Think content creation, emails, and websites.

People will pay you $1,000s of dollars to write engaging, compelling, and sales driven content to grow their business.

𝘚𝘢𝘭𝘦𝘴:

Businesses are always looking for people who can close deals on Zoom calls and at a high rate.

Learn sales and you can be successful at anything you want in life.

𝘞𝘦𝘣 𝘋𝘦𝘴𝘪𝘨𝘯:

A great skill to help businesses, entrepreneurs, and creators build a website to funnel their social media traffic to.

𝟰) 𝗗𝗖𝗔/𝗟𝘂𝗺𝗽 𝗦𝘂𝗺

If you’re a new investor you can invest $1,000 little by little so you can get used to the ups and downs of the market.

This can be $100 every 2 weeks, $100/month, or whatever interval you want.

If you’re braver, you can go “all in” via lump sum and get everything invested at once.

𝟱) 𝗦𝘁𝗮𝗿𝘁 𝗮 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼

Crowdfunding sites let you invest in real estate with as little as $500.

You can buy REITS with as little as $1.

If you want exposure to real estate without having to deal with actual property, this is a perfect way to do it.

Real quick I wanted to let you know about the NEW newsletter I started!

It goes out once a week and has 3 of my favorite graphics explaining the biggest story of the week in the market.

Check it out for FREE here:

𝟲) 𝗕𝘂𝗶𝗹𝗱 𝘂𝗽 𝘆𝗼𝘂𝗿 𝗘𝗺𝗲𝗿𝗴𝗲𝗻𝗰𝘆 𝗙𝘂𝗻𝗱

When you have savings, you can pay for emergencies and stay out of high interest debt.

If you don’t have 3-6 months of savings yet, this is your opportunity to build that foundation.

Then you can start looking for higher returns on your money.

𝟳) 𝗣𝗮𝘆 𝗱𝗼𝘄𝗻 𝘆𝗼𝘂𝗿 𝗱𝗲𝗯𝘁

If you have credit card debt at 18%+, paying it down will net you a guaranteed 18% return.

The stock market has averaged around 10% over its history.

You can double that by getting rid of high interest debt.

𝟴) 𝗚𝗲𝘁 𝘆𝗼𝘂𝗿 𝟰𝟬𝟭𝗸 𝗺𝗮𝘁𝗰𝗵

An employer match means your 401k contributions will be doubled up to a certain amount.

This is the easiest way to 2x your money.

If your employer matches 6% of your salary, you should invest 6%.

Then 12% of your salary gets invested for half the price.

𝟵) 𝗕𝘂𝗶𝗹𝗱 𝘆𝗼𝘂𝗿 𝗰𝗿𝗲𝗱𝗶𝘁 𝘄𝗶𝘁𝗵 𝗮 𝘀𝗲𝗰𝘂𝗿𝗲𝗱 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱

If you have no credit history, getting a secured credit card can help you build credit.

Good credit leads to favorable interest rates on your:

• Mortgage

• Auto loans

• Student loans

Which means money is cheaper to borrow.

𝟭𝟬) 𝗟𝗲𝘁 𝗮 𝗿𝗼𝗯𝗼 𝗮𝗱𝘃𝗶𝘀𝗼𝗿 𝗱𝗲𝗰𝗶𝗱𝗲

If you can’t choose what to invest your money in, then don’t.

Robo-advisors make it easy to invest your money by doing it for you.

All you have to do is answer a couple questions.

Then the rest is hands free.

You can find great options for robo-advisors at Betterment, Vanguard, and Wealthfront.

And there you have it!

10 ways to invest your first $1,000.

Thanks for reading!

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