The 6 BEST Purchases To Make In Your 20s

These are the 6 Best Purchases to make in your 20s that will help make you more money and build your net worth – enjoy! Add me on Instagram: GPStephan

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FIRST: Invest in your career
In your 20’s, the “BEST PURCHASE” is all about INCREASING YOUR INCOME. That’s it…I really believe your 20s are a time for you to work diligently, don’t be stupid, be smart with your money, stash away as much in investments as possible, and solidify the foundation in your career. After that, it’s all about GROWING and MAINTAINING that career…so, that – one day – your investments will be able to cover your day to day lifestyle without you ever needing to work another day in your life, ever again – unless you want to. Also, go and read the books Think And Grow Rich – The 4 Hour Work Week – and Rich Dad Poor Dad. Trust me, I’ve read all of those books MULTIPLE times…and that’ll be enough to get the ball rolling, and get you so amped up on what’s in store for the future.

SECOND: A Reliable, Used Car
I never could understand why people my age were out there, buying or leasing expensive cars, when they could use that same payment towards BUYING something that they’d be able to own outright within a year. Which is why I strongly advocate – for anyone who’s in their 20’s – put your own pride and ego aside, and get a solid used car that won’t depreciate, that doesn’t break down, and just gets you from point a to point b safely. You have your entire life ahead of you to go and get cool cars.

THIRD: Hire a good CPA
Taxes are INSANELY complicated, WAY more than they EVER should be. Not to mention, there’s a lot of the tax code that’s completely open to interpretation…so, if you want to make sure you’re maximizing the benefits of everything you’re allowed, WITHIN THE LAW, of course…hire a good accountant. My philosophy is that, when it comes to this…a good CPA to help file your tax return will generally, AT MINIMUM, pay for itself.

FOURTH: Purchase Stocks and Index Funds within a Roth IRA
This is a retirement account where you can contribute $6000 Per Year and invest after-tax money, and then all of the profit within that account is COMPLETELY tax free after the age of 59.5. The MASSIVE advantage to doing this is that ALL the money you deposit into this account will grow entirely tax free. This is something I started in my early 20’s, by opening up a Roth IRA – and then just loading up on Vanguard Index Funds.

FIFTH: Buy Real Estate
When it comes to myself, those early real estate purchases ABSOLUTELY changed my entire outlook on not only investing, but being able to see the rewards of diligent hard work and sacrifice. It was such an incredible feeling to look at a house, and know that I’m the owner…that THAT ownership was the result of so many late nights, so much hard dedication, so much self doubt, and seeing it right in front of me just made it all feel “Worth it.” Like, in personal finance…we don’t get trophies…but, we can get real estate. And that’s how it felt, to me.

SIXTH: House Hack
House Hacking is a term where you buy a property that has multiple units…then, you move in ONE of them, and rent out the others to cover the cost of owning the building. This is something I began doing a few years ago…and, I gotta say…it’s been one of the best financial experiences. This has allowed me to save a CONSIDERABLE amount of money, it’s allowed me to re-invest WAY more in other things that are more profitable than a housing payment, and I get to invest and own real estate at the exact same time.

Those are the BEST financial purchases to make in your 20s, and everything that I have personally done, that’s helped bring me here today. I really believe that your 20s are such a unique time to get yourself ahead, and whatever you do RIGHT NOW will multiply by leaps and bounds by the time you’re older.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.


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  1. 100% agree about buying a used car. However, calling a prius a "reliable car" is just inaccurate. Its good to hear that it didnt give you any trouble but those cars have an engine and battery because of the hybrid system. Which means twice as many things to go wrong. Most prius owners say they would never buy another prius. If you purely want a reliable daily, buy a non hybrid Camry or corolla. Or if you want something a bit nicer buy a 350z. 350z's are a reliable sports car that will depreciate less than a prius. Its definately worth analysing the used car market to find something that ticks all the boxes for you. Dont think you have to buy a prius. In fact id strongly advise against it.

  2. I must say this is one of the best videos I've seen from you Graham. You're providing great information but you're also fun to watch. You keep me engaged at least 💯

  3. I turned 20 in March, I feel good that I’m always stumbling upon videos like this. Lost my job cause of Covid but now that everything is opening back up. I been lining up interviews fairly easily. Just gotta choose which place I actually wanna work, I was planning on doing some making some investment pre Covid and so I’m just starting to get back on track again!

  4. but for retirement investing, what if you are an immigrant that have no idea whether u would stay in current country or go back home, or am i so basic in concept?

  5. I'm glad I did the buy a reliable car part at 19. Bought me a 2007 honda civic for 4grand. Cheap to fill up and inexpensive to fix 🙂 . Using the money to buy more items in the long run. Too bad the car broke down on me and needed a new engine but hey, car is back up and running 😛

  6. Everyone on the planet listened to your advice on buying a house and now no one can afford a house. Way to ruin the housing market Graham, this is why we can't have nice things.

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