Investing got a whole lot
simpler and a lot more
affordable.
Webull has made a couple of
changes that are game-changers
for investing.
Literally anyone can invest
now,
well,
anyone with at least $5.
And they can invest so much
more simply.
I am super excited to share
this news with you because
investing is what helps us
become financially free.
I am Tiffany Thomas with
wealthy tiffany.com
and I achieved financial
freedom and became a
millionaire.
If you're looking to do one or
both of those things,
make sure and hit that like
button and hit the subscribe
button.
And we're going to dive right
in.
A little while ago,
I created a video on how to
become a millionaire with just
$5 a day.
And there were some steps in
there that are no longer
necessary because of these
changes that webull has
made.
Originally,
you would have to set up your
account,
whether it's a brokerage
account,
webull calls it a cash account
or an IRA,
or even a Roth IRA.
And then you would have to
transfer money from your
checking or your savings to
your account with webull and
then log into your account,
once that money is settled in
there,
once it's deposited and then
you would purchase a stock or
an ETF,
an exchange traded fund.
And the way I set up that
video was that if you were
investing $5 every single day,
then you could become a
millionaire.
And I will show you the math
on that later in the video.
But since webull has made two
different changes and now it
makes it a lot easier for
anyone to invest.
For one,
they have fractional share
investing,
which means you don't have to
pay the full price for one
share of stock or one share of
an ETF.
You can invest in just a
fraction of that share amount.
For example,
we'll use my favorite ETF,
which is VTI the Vanguard
total stock market ETF.
And if you wanted to purchase
that,
it would be around $200,
but since they offer
fractional share investing,
you can now purchase a partial
share of VTI for $5 or $10,
or how much ever you have,
but you don't have to have
that full $200.
Let me show you exactly how to
purchase a fractional share in
webull.
I have logged into my account
and I've selected VTI,
the Vanguard total stock
market ETF to purchase.
And you can see right now that
the purchase price would be
1 98 35,
but we don't want to spend
$198.
So we're going to click on
limit price and then select
market price.
So this way we can invest just
a fraction of that $198.
I happen to have $5 and
54 cents in my account.
So I put in $5 and 54 cents to
purchase worth of VTI.
And then we'll just click on,
buy at the bottom,
and then we'll hit confirm
because we actually want to
purchase this.
And then you can see the order
was confirmed.
It was filled and you can see
the exact price that I paid,
that $5 and 54 cents.
And webull has been offering
fractional share investing for
a while now,
but something that they added
back in March was an automatic
transfer from your checking or
your savings from your bank
account to webull.
So you could set up an
automatic transfer every two
weeks,
if that's when you get paid or
once a month,
if that works better for you,
but you could set up this
automated transfers.
So the money would already be
in your account.
And then you could just log
into webull and then buy your
ETF or your stock.
But as of July, 2022,
webull has now made it even
simpler.
It will automatically purchase
the stock or the ETF for you.
You just have to schedule it
in your accounts.
And this option has been
around with other brokerage
companies,
but not with ETFs or with
stocks.
It has only been available
with index funds.
So that was one major
difference of investing in an
ETF and an index fund was that
you could only automate your
investing if you were
investing in an index fund.
And if you have questions
about the differences between
index funds or ETFs or even
mutual funds,
I have a video for you.
I'll leave a link above and
below.
You can check that one out.
But now webull has made it
possible to automatically
invest in an ETF.
Now you can literally become
an automatic millionaire.
You can automate everything.
And let me show you how to set
up the recurring investment.
I logged in to my brokerage
account.
And then I clicked on the
little webull icon in the
center at the bottom.
Once you click on that in the
center of the screen,
it will show recurring
investment,
schedule,
a recurring investment.
You click on that and then
you'll type in which
investment you want to
purchase.
I'll type in VTI.
And then you select the amount
you want invested.
So we'll just put in $5 and
then you can either use what
is already in your brokerage
account or in your IRA,
the webull buying power,
or you can click on that
payment method and change it
to your checking or your
savings,
whatever you already have
hooked up to your webull
account.
So you don't have to set up a
separate deposit unless you
want to have money directly in
webull that you are going to
invest.
You can just set up that
transfer directly from your
checking,
and then it will purchase VTI
or whatever stock or ETF you
want it to purchase.
And then you can select your
frequency.
You can do every week,
every two weeks,
every month,
or even every trading day.
And then you'll select the day
of week.
So Monday through Friday,
and then you'll click on next
at the bottom.
And then it'll show you
exactly what you have set up
for your investment.
And then you would hit confirm
and your automatic investment
would be set up.
What I originally recommended
in my other video was to start
with a webull account and
invest $5 in VTI,
or you could select a
different ETF if you wanted
to.
And then once you hit $3,000,
which is the minimum to invest
in the index funds at
Vanguard,
the Vanguard total stock
market index fund,
you would switch that $3,000
over to Vanguard and put it in
that index fund.
And then you could start your
automatic investing over at
Vanguard,
but we no longer have to do
that.
And I still love Vanguard.
I'm going to leave my main
account at Vanguard because it
has been around for a long
time.
And it is owned by the
shareholders by you,
if you are investing with
Vanguard.
So they don't have any reason
to raise their fees.
So I still love Vanguard,
but webull is making it so
easy to start investing and
automate your investing.
So if you do not have a lot of
money,
it is no problem.
You can start with just $5.
And if you do have a lot of
money,
you can even go up to $25,000
for a recurring investment.
Honestly,
we no longer have to think
about investing.
We can automate this whole
process.
And if you do want to get
started with webull I have a
referral link below.
You can get six free stocks by
setting up a free account and
depositing any amount you want
to,
even if it is just 1 cent,
but that way you can have your
account set up and get six
free stocks.
And then you can set up your
recurring deposits and your
recurring investments.
And I'm going to break down
the math so that you can see
exactly how you can become a
millionaire with just $5 a
day.
And if you do want to invest
literally $5 every day,
you can do that with webull
well every trading day.
So if it's Monday through
Friday or not a holiday,
you can set up your deposits
in your automatic investments
with just $5 a day.
But of course,
if you don't want to set up
that daily transfer,
you can set it up for even
once a week or every two weeks
or once a month.
They give you a lot of
options.
Okay,
let me show you the compound
interest calculator so that
you can see exactly how you
can become a millionaire with
just $5 a day.
So if we are starting out with
completely nothing,
we don't have anything
invested and we invest $150 a
month.
That would be $5 a day for 30
days.
And we get a rate of return of
10%,
which is the average for the
return on the U.S
stock market.
If we did that from age 21 to
age 62,
so 41 years,
then we would have a total
balance of over
1 million and 49 thousand dollars.
So you can see the power of
compound interest just by
setting up our automatic
investing.
We can do $5 a day or just set
up $150 a month and do that
over 41 years,
we will definitely become a
millionaire.
And if we want to double that
money,
let me show you the calculator
for that.
Again,
if we started with $0 and we
invested $300 a month,
instead of that,
$150 a month at a 10% rate of
return,
then we would be able to
become a millionaire within 34
years instead of that 41
years.
We would have a total balance
of over a million
and 27 thousand dollars.
Honestly,
it is so important to invest
our money as soon as possible
and as much as possible.
So if you can do more than
just the $5 a day,
then make sure and do as much
as you possibly can.
Not only does it mean you
don't have to think about
investing,
but you can also dollar cost
average.
You don't have to be thinking,
oh,
should I be buying now?
Or should I wait and be buying
later?
You are not trying to time the
market.
It was more about time in the
market and this makes it
possible because you don't
have to think about that
investment anymore.
You can completely automate
it.
Like we've seen recently in
the stock market,
things have gone down and then
down even further.
So if you were to dollar cost
average,
you would have bought an ETF
at a little bit higher price,
and then it would have gone
down even further.
And then you would have bought
more at the lower price.
And then when it starts to
come back up,
you'll buy at that price.
And then up further,
you'll buy at that price.
So you kind of just average
out that price,
hence why it's called a dollar
cost averaging.
Comment below and tell me if
you are as excited as I am
about this automatic
investing,
honestly,
that is one of the biggest
reasons people do not invest
their money.
First off,
they just don't know where to
start,
but then second,
they forget to invest their
money.
If something that is not at
the top of their list and they
just kind of think,
oh,
I'll do it tomorrow.
I'll do it the next day.
I'll do it next week.
And it never really happens.
So by completely automating
this process,
you are guaranteed to be
investing your money,
which means you will be
financially free even sooner.
If you found this video
helpful,
please hit that like button
and share it with someone else
who would like to hear this
information and hit the
subscribe button to subscribe
to my YouTube channel and to
the little bell to get
notified on when I post new
videos.
And if you want to see even
more content from me,
check out the videos on the
side of the screen.
Thanks so much for watching.
I'll see you in the next
video.