How To Build Wealth by Investing in Index Funds [Course Review] (2024)

If you have $0 saved for retirement or have no clue if you’re on track to retire comfortably, keep reading.

I started investing for retirement at age 25, with little understanding of what I was doing. Now at 27, I’m close to $100,000 in investments and on track to have millions when I retire. Most importantly, I know what I’m doing!

TheHow To Build Wealth by Investing in Index Funds course teaches you the fundamentals of investing. You learn how to 1) open an investment account 2) how much to invest 3) and how to choose an index fund. It’s really that simple.

What is the How To Build Wealth by Investing in Index Funds course?

How To Build Wealth by Investing in Index Funds is a course for beginner investors who want to build wealth through investing.

For a fraction the cost of a college credit, you get information that teaches you how to have a million or millions in your investment account when you retire.

I bought this course with my own money and cannot say enough good things about it.

Who teaches theHow To Build Wealth by Investing in Index Funds course?

Jeremy Schneider from @personalfinanceclub is the creator of this course. He retired at 36 years old and is known for his popular Instagram account sharing investing information in it’s most basic form, so anyone can understand it.

Below is an example of one of his Instagram posts.

How To Build Wealth by Investing in Index Funds [Course Review] (1)

Who should take this course?

  • Beginner investors
  • Anyone who wants to learn how to build wealth through investing
  • Anyone who has paid off non-mortgage debt (though I personally think you should take it even if you haven’t)

What is not covered in this course?

  • Budgeting
  • Paying off debt
  • Insurance
  • Frugality
  • Credit scores
  • Real estate

The How To Build Wealth by Investing in Index Funds course is solely about investing in index funds. If you want to learn about budgeting, paying off debt, and the rest of the bullet points above, you can learn all about that on my blog.

What is the format of this course?

  • Videos, self-paced, watched on your on schedule
  • Quizzes at the end of lessons to help you fully understand everything

What’s the course curriculum?

Chapter 1: Compound Growth

Chapter 2: Stocks & Bonds

Chapter 3: Mutual Funds, Index Funds, and ETFs

Chapter 4: Asset Allocation

Chapter 5: Taxes and Types of Accounts

Chapter 6: Putting it together

Can I take this if I live outside of the United States?

The course consists of 6 chapters, with chapters 1-4 applying to wherever you live. Chapter 5 applies to the United States as it covers U.S. taxes.

How long does this course take?

How To Build Wealth by Investing in Index Fundscontains 6 hours of content.

What I loved about this course

  • Easy to digest information
  • Quizzes make sure I understand the information in each lesson
  • No fluff – straight to the point lessons
  • Community page to ask questions and learn from others

What I didn’t like about this course

  • Learning about taxes was boring, but had to be done

My retirement goals

People always ask me what my retirement goals/plans are. These aren’t set in stone, but…

  • I’d like to have about $1.5 million saved for retirement
  • I don’t necessarily have plans to retire early
  • I currently save about $25,000 annually in my investment accounts in a 401(k) account and Roth IRA with Vanguard
  • If I don’t put another dollar in my investment accounts, I’ll still have about $700,000 by the time I’m 65

I recommend checking out@personalfinanceclub’s Investment Growth Calculator to see how your investments will grow over time.

My recommendation

If you’re new to investing, I recommend checking out Betterment. Betterment helps you create a retirement plan and gives you advice on how much you should save for retirement.

This is how Betterment works:

Step 1) Start Saving. Betterment gives advice on how much to save based on your spending in retirement.

Step 2) Build your plan. Betterment will help you deduce how to save for your retirement. They customize a plan with auto-deposits and tax-smart features, putting your money to work.

Step 3) See your progress. Betterment has an easy to understand dashboard that shares your balance, investment risk, if you’re on track to retire comfortably, and a lot of other fun details.

Betterment is a fiduciary (which is very important!) meaning they are always acting in your best interest.

You can learn more about Betterment here and get your first $5,000 of your investment balance free for a year.

Final note

Jeremy from @personalfinanceclub shares helpful information whether you have 40 years or 20 years to invest for retirement.

I recently finished this course and feel comfortable and knowledgable about investing for my retirement. Investing for your retirement is so important, yet it’s not taught in school.

TheHow To Build Wealth by Investing in Index Funds course teaches you the fundamentals of investing. You learn how to 1) open an investment account 2) how much to invest 3) and how to choose an index fund. It’s really that simple. I know you can do it!

Get started with theHow To Build Wealth by Investing in Index Funds course here.

The course comes with a 100% money back guarantee, so if you don’t like the course, you can email Jeremy and he’ll give you a refund.

Related investing articles:

  • 6 Best Books On Investing and Retirement
  • Beginner Guide For People New To Investing

Favorite books on investing:

Don’t forget to sign up for the free resource library and get exclusive access to free printables & planners related to saving and making money, meal planning, and more!

Are you saving for retirement yet?

Like this post? Share it!

Best side hustles tostart right now

  • Sell printables on Etsy – Selling printables is the #1 side hustle to make money. This can be done on your own schedule and turn into passive income! You can earn over $10,000 a year selling printables.
  • Sell dog treats – Make $1,000+ selling dog treats from the comfort of your home. Be your own boss and make your own schedule.
  • Proofreading – Earn $20+ an hour proofreading from home. Great for people who enjoy editing and working from a computer.
  • Surveys – Make money filling out surveys. You can take as many surveys as you want and earn up to $5 per survey.

Free Printable Library

How To Build Wealth by Investing in Index Funds [Course Review] (2)

Join 20,000 others and get access to free printables related to achieving financial freedom, starting a side hustle, and other fun goodies!

How To Build Wealth by Investing in Index Funds [Course Review] (3)

Alexis Schroeder

Alexis Schroeder is the CEO and founder of FITnancials.

With budgeting and side hustles, Alexis paid off over $40,000 of debt and made over $100,000 in side hustles in college.

Since starting this website over 10 years ago, Fitnancials has reached over 3,000,000 readers. We’ve been featured on sites like Forbes, Yahoo, Side Hustle School, GOBankingRates, Mint, and many more.

If you want to contact Alexis, please send an email to alexis@fitnancials.com.

How To Build Wealth by Investing in Index Funds [Course Review] (2024)

FAQs

How do index funds build wealth? ›

Index funds track portfolios composed of many stocks or bonds. As a result, investors benefit from the positive effects of diversification, such as increasing the expected return of the portfolio while minimizing the overall risk.

How can you make money by investing in index funds? ›

As with other mutual funds, when you buy shares in an index fund you're pooling your money with other investors. The pool of money is used to purchase a portfolio of assets that duplicates the performance of the target index. Dividends, interest and capital gains are paid out to investors regularly.

What does Warren Buffett say about investing in index funds? ›

"In my view, for most people, the best thing to do is own the S&P 500 index fund," Buffett had once said. "The trick is not to pick the right company. The trick is to essentially buy all the big companies through the S&P 500 and to do it consistently and to do it in a very, very low-cost way," he further added.

How to invest in index funds step by step? ›

How to buy index funds in 3 steps
  1. Choose a broker. Your first step is to decide where to invest your money. ...
  2. Pick your index fund(s) The next step is to decide which fund or funds will get your money. ...
  3. Buy shares of an index fund.
May 6, 2024

Is it smart to put all your money in an index fund? ›

To be sure, if you have the time, knowledge, and desire to create a portfolio of individual stocks, by all means, go for it. But even if you do own individual stocks, index funds can form a solid base for your portfolio. Index funds offer investors of all skill levels a simple, successful way to invest.

What is the most profitable index funds? ›

Best index funds to invest in
  • SPDR S&P 500 ETF Trust.
  • iShares Core S&P 500 ETF.
  • Schwab S&P 500 Index Fund.
  • Shelton NASDAQ-100 Index Direct.
  • Invesco QQQ Trust ETF.
  • Vanguard Russell 2000 ETF.
  • Vanguard Total Stock Market ETF.
  • SPDR Dow Jones Industrial Average ETF Trust.

Can you become a millionaire investing in index funds? ›

Still, there's good news from this chart: With the right investing discipline, a solid index fund and time, there's a good chance you can become a millionaire, even if you understand little about the stock market. In fact, if you follow this plan, it may be difficult to avoid becoming a millionaire.

What are two cons to investing in index funds? ›

While index funds do have benefits, they also have drawbacks to understand before investing.
  • Average market returns. ...
  • Costs to manage the index fund. ...
  • Investment minimums. ...
  • Possible tracking errors. ...
  • No downside protection. ...
  • No control over investment holdings.
Mar 29, 2024

Is index fund good for beginners? ›

Moreover, index funds give you a low-cost method to invest. They can also bring you good gains than fund managers do, and aid in your achievement of investment and financial goals. This is great on one hand, but on the other, index funds put a lot of weight on stocks in the large-cap category.

What is Warren Buffett's tip? ›

Don't lose money.

Buffett's most commonly cited financial advice is as follows, “Rule №1: Never lose money. Rule №2: Never forget rule №1.” So, before investing, determine whether you can lose the money you're investing in.

What does Warren Buffett tell people to invest in? ›

He wants ownership in quality companies that are extremely capable of generating earnings. Buffett isn't concerned when he invests in it whether the market will eventually recognize a company's worth. He's concerned with how well that company can make money as a business.

What is the Warren Buffett index? ›

The Buffett Indicator is the ratio of total US stock market value divided by GDP. Named after Warren Buffett, who called the ratio "the best single measure of where valuations stand at any given moment".

Can I invest in index funds by myself? ›

You can do this by: Opening an online brokerage account. You could open an account with brokerages such as Fidelity or Vanguard to manually invest in funds yourself. Using a robo-advisor.

What ETF has the highest 10 year return? ›

Best ETFs 10 Years
SymbolETF Name10y Chg 7-26-24
SMHVanEck Semiconductor ETF958%
SOXXiShares Semiconductor ETF775%
PSIInvesco Semiconductors ETF678%
METARoundhill Ball Metaverse ETF574%
17 more rows

How do I know when to invest in index funds? ›

Is now a good time to invest in index funds? Whether the market is down or up, as long as you're investing for the long-term in a well-diversified portfolio it's as good a time as any. If the market is down, it's essentially on sale, and you may be able to pick up an index fund for less money.

Are index funds good for wealth creation? ›

Investing in index funds is a great way to generate high returns in a rising market. However, during a market downturn, some investors tend to look for alternative options. During a market downturn, index funds typically lose value.

How do index funds gain value? ›

An S&P 500 index fund's value is based on the performance of the S&P 500® index. So a share in that index fund would also generally increase in value as the total S&P 500 index does.

Do index funds generate income? ›

Over the long term, index funds have generally outperformed other types of mutual funds. Other benefits of index funds include low fees, tax advantages (they generate less taxable income), and low risk (since they're highly diversified).

What are 3 advantages to index fund investing? ›

Built-in benefits of index funds
  • Lower risk through broader diversification. Each index fund contains a preselected collection of hundreds or thousands of stocks, bonds, or sometimes both. ...
  • Lower taxes. Index funds don't change their stock or bond holdings as often as actively managed funds. ...
  • Lower costs.

Top Articles
Finding a Money Transfer Provider You Can Rely On - Style Vanity
These 3 Signs Will Experience Something Unexpected On January 25, 2024
Sixth Circuit Denies Qualified Immunity for State University Officials Who Allegedly Violated Professor's First Amendment Rights
Sproutieeee
Seattle Clipper Vacations Ferry Terminal Amtrak
Unveiling the Charm of Rio Vista, California
Tyson Employee Paperless
How Much Food Should I Buy For Christmas? | Gousto Christmas
Happy Valley Insider: Penn State Nittany Lions Football & Basketball Recruiting - Hướng dẫn xem: Những trò chơi nào nên xem người hâm mộ bang Pennsylvania vào cuối tuần này?
Walmart Tire Service Hours
Leo 2023 Showtimes Near Amc Merchants Crossing 16
Magic Seaweed Pleasure Point
Apryl Prose Wiki
Bobibanking Retail
Trestle Table | John Lewis & Partners
Itawamba Ixl
Express Pay Cspire
Cloud Cannabis Utica Promo Code
Onderdelen | Onderdelen en services
Oklahoma City Municipal Courthouse
T33N Leak Age 5-17
Chi Trib Weather
Hulu documentary delves deeper into the Randall Emmett scandal
Standard Specification for Annealed or Cold-Worked Austenitic Stainless Steel Sheet, Strip, Plate, and Flat Bar
Ihub Kblb
Winvic First UK Contractor to Use Innovative Technology that Operates Tower Cranes from the Ground
Busted Paper Haysi Regional Jail
Southern Food Buffet Near Me
How to Watch Romanian TV Abroad in 2024 - Fast Streaming Awaits
Mgmresorts.okta.com Login Page
321 Flea Market Gastonia Nc
Tri State Pediatrics Chippewa Pa
2024-25 ITH Season Preview: USC Trojans
Raya And The Last Dragon Voice Cast: Who's Voicing Each Character
R Edens Zero
Hartford Healthcare Employee Tools
Phun.celeb
Papamurphys Near Me
Joy Ride 2023 Showtimes Near Century 16 Anchorage
Pho Outdoor Seating Near Me
Entourage Yearbook Login
Www.manhunt.cim
Nina Volyanksa
Ces 2023 Badge Pickup
Register for Classes - Office of the Registrar
Botw Royal Guard
Clea-Lacy Juhn: Schwerer Schicksalsschlag kurz nach Zwillingsgeburt
Kieaira.boo
Rida Asfahani Leaked Video
Azpeople Self Service
Walgreens Bunce Rd
Local artist makes award-winning reflection of his home, Duluth
Latest Posts
Article information

Author: Sen. Ignacio Ratke

Last Updated:

Views: 5497

Rating: 4.6 / 5 (56 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Sen. Ignacio Ratke

Birthday: 1999-05-27

Address: Apt. 171 8116 Bailey Via, Roberthaven, GA 58289

Phone: +2585395768220

Job: Lead Liaison

Hobby: Lockpicking, LARPing, Lego building, Lapidary, Macrame, Book restoration, Bodybuilding

Introduction: My name is Sen. Ignacio Ratke, I am a adventurous, zealous, outstanding, agreeable, precious, excited, gifted person who loves writing and wants to share my knowledge and understanding with you.