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Video instructions and help with filling out and completing Fidelity form 5498
What's up you guys it's Graham here so I realized that this sounds completely far-fetched to say that you could become a millionaire completely tax-free by investing just 12 dollars a day but I promise you guys if you just watched this video all the way through and give it a chance and also smash that like button it's all gonna make complete sense and this is really one of those videos that you shouldn't click out of either I mean this could really be the 11 minutes that help set you on the path to balling out really hard later in life to be able to drive your Lambo to your guts and go and just eat avocado toast all day on the beach or be able to watch like PewDiePie videos all day long on YouTube because you're a millionaire and you don't need no job anymore and no joke this is really the stuff that should be taught in schools that's not taught in schools for some reason because the sooner you start doing this the more money you're gonna end up making in fact the difference of waiting just one extra year to do this could potentially cost you tens of thousands of dollars in the future so go ahead and watch this entire video and I promise you it's all gonna make sense now here's what I'm talking about and that is you already know by the title of this but I'm gonna amp it up a little bit drumroll setting up a Roth IRA and because it's easy to get kind of confused of exactly what this is and how to make money from it I'm gonna break it down and explain it as simply as they possibly can a Roth IRA just stands for individual retirement accounts think of it this way just like you can open up a bank account and within that bank account you can have like a checking account and a savings account just imagine like you can open up a Roth IRA and within that you can have your investments and opening up one of these accounts is extremely easy and I'll show you exactly how to do that very shortly now to break it down a little bit further when I mean Roth IRA we know what IRA stands for but the Roth part of that just means that you've already paid taxes on whatever money you contribute or deposit into that account so let's just say for instance that you get a paycheck every week of $1,500 chances are taxes have already been taken out of the amount that you receive this is what's called after-tax money or also what's called post tax money this is just the amount you have left over after you pay your taxes so basically the money that you put in a Roth account is just the money that you we had leftover because you've already paid taxes on it.