**Lively has started charging $24 or forces you to hold a minimum of $3,000 in their HSA. Due to this change, I do NOT recommend them any longer. Please do not use this company. A Fidelity HSA is currently free at this time**

In this video, I'll go through the 6 HSA mistakes to avoid.

An HSA (Health Savings Account) is one of the best investment accounts available to someone pursuing Financial Independence or Early Retirement. Although the name has "health savings" in it you should treat it like a "health investment" account to get the full benefits they offer.

Someone who isn't pursuing FIRE can still take advantage of the benefits as well. When you use an HSA account you get access to triple tax savings. Not only do you avoid paying taxes when the money goes into the account, but you also skip out on paying taxes on the growth of your investments and when money is withdrawn from the account.

The fact that you're able to invest money within an HSA is another added bonus as well. If you instead use this account as an additional retirement account by investing the money then you could grow your account to over $300,000 as a single person or over $680,000 as a family.

Check out this HSA video where I go through even more tips to maximize a Health Savings Account:    • The Real TRUTH About An HSA  Health ...  

Fidelity HSA: https://www.fidelity.com/go/hsa/whyhsa

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Here's a video on how to use M1 Finance    • M1 Finance Investing Tutorial For Beg...  

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AURA 14 day free trial to see if your personal information has been leaked online and have it removed https://aura.com/jarrad

Empower Free Net Worth Tracker https://bit.ly/3NUNtwq

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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.

#HealthSavingsAccount #HSAAccounts