4 accounts you NEED in your 20s & 30s so you’re not BROKE in your 40s, 50s & 60s

Added: 2026-05-21

[00:00:00]Don't kill me for saying this, but have you ever walked in Walmart and literally saw a person who was 70 years old working there checking receipts or at the register?

[00:00:08]>> [snorts] >> I don't want that to be me. When I'm 70 years old, I've dreamed of a life of me just maybe enjoying some grandkids, having a couple rental properties, some passive income, taking vacations, just living this grand life. I don't want to be working. I don't want to be struggling. I saw a video on TikTok of a lady who was in her late 40s, pushing 50, and she admitted to the fact that she did not have anything saved for retirement. That's a scary life to live because what are you going to do?

[00:00:36]Especially in this day and age where people are talking about not having children. Don't get me wrong, I only have one child as of right now, and if I'm old, I do expect him to take care of me. Even though they say daughters are more likely to take care of their parents, not sons, but even still, I don't know. So, because I don't want to live that lifestyle, I try my best to invest. These are the four accounts that I have and I'm currently investing in so that I can ensure when I am old and gray, I am also rich and wealthy. And let me introduce myself. My name is KB and the B is for Bobby Beaut, not Beauty, just Beaut. I have been working on personal finance for the past heavily 5 years. I remember when I had my first corporate job, I would sit at my desk, I was only making $40,000 a year, and I would listen to finance podcasts all day. Bigger Pockets, real estate podcasts, any and everything about money. Dave Ramsey, if you know, you know.

[00:01:31]And I learned about all of these different accounts. Even then, I was investing in my first type of account that I've ever invested in, which is a 401k. I worked for Family Dollar's headquarters, and I don't remember if it was a 3% or 5% match, but I was investing, and I really couldn't afford to do so at the time, but I made it a priority of mine. 401k is an account that What does 401k even stand for? I don't know, but it's an account that when you work for a company, you put in a certain amount, they put in a certain amount. They match the same amount that you put in. So, essentially, if you put in $1,000, they'll give you $1,000 up to a certain percentage. So, mine is currently at 5%, but I just got a raise, so I added an extra 2%. I'm now investing 7% of my income into my 401k.

[00:02:20]Now, they only match 5%, but that extra money is still being invested. Oh, and also, a lot of people have asked me because I've talked about this before if they can invest in a 401k if they do not work for a corporate company or a company that offers a 401k. I don't really know much about this because it's not something that really applies to me, but I do know there are solo 401ks that you can take advantage of like if you're a hair stylist, a barber, an entrepreneur, whatever might have you.

[00:02:48]So, that is something that I would definitely look into as well. Now, once I was 24, 25, I started investing in a Roth IRA. And again, I only had about $20 to $25 coming out of my check, if that, every single month, but that money adds up.

[00:03:08]On Instagram, I talked about the fact that if you continue to max out your Roth IRA over the course of 20, 30, 40 years, you will be a multi-millionaire.

[00:03:17]Something that I didn't really take advantage of in my 20s, and it's probably one of my largest regrets. Now that I'm in my 30s, I'm 32 years old, I definitely plan to max out my Roth IRA every single year for as much as I can.

[00:03:30]It was $7,000. That's the maximum amount that you could invest. This year is $7,500. So, like I said, I maxed it out for the 2025 year. I'm going to do the same thing for the 2026 year, and again, prayerfully, I can continue to do that because I don't want to to poor. That's my biggest fear. If you have ever been poor, lived in poverty, girl, that is a scary feeling. I do not want to do that.

[00:03:58]A lot of people were asking me about the Roth IRA.

[00:04:02]Get one. Outside of the Roth IRA, you can also just invest in the stock market. This is something that I'll make a separate video about, but I would not buy individual stocks.

[00:04:12]That's not something that I really do anymore. I remember when I was living in Minnesota, I bought um AMC. I think at the time it was really popular. I bought uh I can't even think. I don't know, and it doesn't matter. I don't really do that anymore, though. I more so try to invest in ETFs, which is essentially a bunch of stocks that are tracked within the S&P Actually, let me not state that because I'm not 100% sure. I do know it is a group of stocks. So, some of the ones that I do know of is VOO, V O O, SPY, and some other ones, but again, let me do some research and I'mma get back to you. The third account that you absolutely need is a high-yield savings account. I have I think for as long as I can remember have had a high-yield savings account. I used to have Wells Fargo, and when I tell you that was one of the worst banks that you can absolutely bank with, I think that they were giving me 0.0001% on the money that I had in my account, and that is a scam. Because anytime you have your money in a bank, they are investing that money. So, they are making money on your money. Why not get some of the piece of the pie? You need to be investing your money, too. So, right now I have Chime, and I have a credit union account. Both of them are essentially high-yield, but I keep the majority of my savings, which I think right now is 3 to 6 months of my expenses. I did take some out of it just to pay down some debt and some other things, but I definitely plan on putting it back within the next month or so, but I get 3.75% on the money that I have in there. I've also heard that Marcus by Goldman Sachs and SoFi have really good high yield savings account where you can get between 4 and 4.25% but I haven't opened one yet.

[00:06:00]So over the past 6 to 12 months I've made hundreds of dollars from having my money just sitting in an account.

[00:06:07]If that doesn't tell you something, I don't know what will. Do not keep your money in a regular savings account. Put it in a high yield savings account. And also you are the type to dip into your money, put it in an account that you cannot reach because what's the point of having a high yield savings account if you're just going to spend everything.

[00:06:23]And then of course you need your regular checking account. I don't really use my checking account these days for spending because I'm on track with my credit card spending. I am so proud of myself. I literally put all of my expenses on a credit card these days. I had a Chase card that I opened a few months ago. I think late last year but I recently got approved for a Chase Sapphire Preferred card and they had a promo where if you spend $5,000 within the first couple months of having the card you could get 75,000 points. And those points add up girl. I went to Guatemala for my birthday in January and I was literally able to stay at the hotel for free. Not really for free because I was spending spending spending but I used my points.

[00:07:10]And then I also just went to Belize and I got my flight for free because I used points. So I can't wait to see what I can do with 75,000 points because $5,000 is easy for me to spend.

[00:07:22]I bought my flight on that card. I pay bills on that card. I go out to eat on that card. I do my shopping on that card. I literally do everything on that card. So this video is not about credit cards, not about credit card points but I do not use my checking account like that. I do pay some bills from my checking account, the ones that require me to use a routing and an account number. I also use my checking account to have money deposited into. So, my corporate checks go there, my brand deals go there. I have heard some people get their deposits into their high-yield savings account, but that's not something that I do or would recommend as of right now.

[00:08:03]So, do well with your money now so that in the future, your future self can thank you. Do not spend all your money.

[00:08:11]I can't wait to talk about some other things like lifestyle creep. Every time you get a raise, spending your money, getting a new car, new house, new apartment, high-rise, luxury, all of that. You need to be thinking about what your life is going to be like when you are 65 years old. Don't be one of those people, or maybe you might want to. I think some of those people enjoy being out, meeting people, but I don't foresee that for my life. I don't want to be around people. I want to be in my house, on my white couch. I want to go to Petco.

[00:08:41]I want to be in a mink coat. I want to live in luxury. I want to be able to leave something to my grandchildren if I have them. I want to be able to give. I don't want to be poor.

[00:08:51]Me, I don't want to be broke. I don't.

[00:08:54]So, I'm doing the things that I need to do today so my tomorrow will be luxurious. Hopefully, you do the same thing. Subscribe to the channel. Like this video. Leave a comment down below.

[00:09:04]Let me know what you think, and I'll see you in the next one. Ciao.