 It's very easy What's up money geeks mr. V here welcome to another video so into this video I'm going to be showing you guys how to transfer money from your bank account into your vanguard account because I've actually gotten questions from people Trying to figure out how to do that. I got another question asking if you can actually get money directly from your employer From your paycheck deposited into your your brokerage account. The answer to that is yes You have to go into your brokerage account get your account number and the routing number and hand that to your employer Go to your HR department and give them that number and tell them how much you want Deposited into your brokerage account and they'll put that money into the account Each month for you and makes it a lot easier for you to start investing when you do it that way because You don't even get to see the money doesn't come into your into your main bank account Before you transfer it just goes directly and you can start investing it And if you automate the process once the money gets into that bank account and buy a particular fund that you want So it's so easy guys, but into this video again, like I said, I wanted you to kind of walk you guys Through the different steps that you go through transferring money from your bank account into your vanguard account to get you start Started with investing so let's jump on the computer and just go through it Here we go guys. So as soon as you go to vanguard.com Log into your your account what you would see is the different accounts that you you own So it could be just a brokerage account an IRA account, which could be rough or traditional Maybe a 401k account which are other accounts that you have in there You should see that list of accounts and that would give you an idea of where you want to to put your money. So Just like it says here What you want to do is select the account that you want that money to go into so make sure you select the right account Because one thing I've tried to it's like you can't really move money between two accounts So you cannot move money from your Traditional IRA account into your rough IRA account within vanguard We have to go back to your bank account and then into the account or make sure that you're selecting the right account At this stage once you you've identified the right account You click on next that will take you to this second screen and here. This is Where you want your money to go? So do you want the money to go into a money market account or do you want the money to go into a specific? Fund you do you want to buy a specific fund? The money market account is a fun too It pays about 1.55 percent Return which is not a whole lot, but that's where they hold your money So you can decide where you want the money to go and and I'll see even if you're not ready if you're still thinking of which funds to buy Please put that money in that market account to get it out of your bank account into the money market account Because once it's sitting in there, you know for sure now I have to make use of this money I have to research and find the right funds to invest this money It's not in your bank account where you can easily spend it so so you choose where you want it So in this case Let's say you want to buy a specific fund and then you have to just select add another Vanguard fund Mitchell fund once you do that they click on next that's going to take you to page three So now this is where you want to select the exact fund that you want to invest your money into you can put You can enter the name of the fund if you know it you can enter a symbol or a number if you know it So most often than not it would be the symbol or that most people would enter if you've done any research beforehand But if not, you just type in something like let's say S&P 500 or 500 index or you can put the symbol in this case. It could be V. Oh That's an that's an ETF or VTS a X now these are a standard Index fund that people buy especially folks in the fire movement. So once you put it in there It would pop up it would help you populate so that takes us to the to the next screen So once you type you see it starts to populate and you can select the funds that you want to invest in and so if you Investing in an index fund notice here that You have a minimum of three thousand dollars to invest and a minimum of ten thousand dollars to invest their marriage share is What I'll say is for big boys people that have a lot of money So they reduce the expense ratio. So if you look at the expense ratio for their marriage share and just the standard the Standard fund stand up fund index their expense ratio probably about 0.04 0.05 and the the same fund in an admirer would be 0.03 but because they know that you invest in a ton of money So they they'll get some some of that money from you So that's just the way to look at so when you look at this number here They don't don't be scared that you don't have ten thousand dollars if you have three thousand dollars you can select This one vf. I a I nx select that one and invest your three thousand dollars Then when you get to the point where you have ten thousand dollars then you can select the vf I a X So that would be the way to go and if you don't have ten thousand dollars You don't have three thousand dollars No problem guy use ETFs. You do v o o of VTI There's so many good ETFs that you can try in that case So once you select the fund that you want you could continue that's going to bring you here to the next page Where you have to now enter the exact amount that you want to transfer how much are you looking to invest? So in this example here, we're using fifteen thousand dollars But if you had three thousand dollars you enter three at five into five of ten entertain whichever amount you have you select that amount here Enter the amount and then click continue And it all could bring you to this page Once on this page you're deciding where the funds are coming from so this is where the transfer actually takes place So the funds are coming from you can select so you have we here it says You said a minute foreign that is your money market account within vanguard That's where we never you transfer money or you don't buy anything in six in that account But in this case you bring it directly from your bank account So you select your bank account and then click continue and that brings you to this last page where you'll review it and then hit submit and at that point you have actually But that particular index fund and it would be in your account and then once you go into your account It's going to show you something like it's processing. So this is some of the funds that I have in my account But you would see the list of the accounts here and they will show you for for index fund It will show you that it's still processing until it's processed that you are good to go Or in most cases if you didn't buy anything see up here It says your vanguard federal money market account The money would sit in this account until you decide to spend it and buy an index fund or ETF Or maybe just an individual stock to invest in so that is the simple step of how to transfer money from your bank account Into your vanguard account transfer money from your bank account into your vanguard account is very easy Like you guys have seen it's a very easy process. Just go chronologically and normally it takes about Two or three days for that money to get transferred before you can actually See it so be patient sometimes because sometimes you think you can just transfer it you'll be in your account immediately Within that window they have a clearing window. So vanguard goes to your bank asks for that money that you authorize them to pull it Your bank has to approve and let them take that money and then the common deposit the money into your account Make sure the money clears that you're not pulling money outside You're not pulling money from an account that you don't really have so they have to make sure that all that's clear So you have a clearing window, which is about three days But after that the money gets into your account and you can start investing our buying stocks or buying funds or just Putting it in your money market account just so that you can use it to invest or to time the market So that's it for this video guys So let me know in the comment section What are some of the challenges that you're facing getting started with investing again? Let me know in the comment section guys go ahead and give us a thumbs up if you liked this video share one friend and as always Stay motivated