# @diamondokoh on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DCrK_58vieV
- **Gondola URL:** https://gondola.cc/posts/63491747-diamondokoh-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/865d48f53a.jpg
- **Posted:** 2024-11-22T13:04:55.000+00:00
- **Account Owner:** Diamond Okoh-Chukwuma (@diamondokoh) — https://gondola.cc/diamondokoh

## Caption

As an immigrant in the U.S, your 9-5 is one of the tools you can leverage to create financial freedom. This is how I am using it 
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What is a 401k? It’s an account that your company offers to help you grow your retirement savings and you can aim to match whatever they are contributing to it annually 
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The goal should be to max out your 401k each year if possible. This isn’t possible for everyone - so contribute as much as you can but aim to max it out 
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In 2024, the cap on the amount you should put into your 401k is $23,500/yr. Max out means, you aim to put that entire $23,500 if possible or at the least, match whatever your day job is contributing. Companies can contribute anywhere from 4%, 6%, 10% etc
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What is ESPP? - this is an employee stock purchase plan. Some publicly traded companies offer  discount on their stocks that range from 5% to 15% or maybe lower / to their employees 
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If you are an immigrant moving to the U.S with intentions of working in corporate America OR, you are planning to move - these are some things you can begin prepping and researching about 
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Also - there are 401k options for people who do not work a 9-5 job but that’s another day’s content 
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Share this with someone that may find it helpful 
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#buildingfinancialfreedom #personalfinance #personalfinancetips #personalfinanceforwomen #moneytips #financialliteracy #financialadvice #financialhealth #financialintelligence #immigrants #immigrantlife

## Stats

- **Views:** 1,713
- **Likes:** 143
- **Shares:** 0
- **Comments:** 3

## Tags

financialhealth, financialliteracy, personalfinancetips, personalfinance, moneytips, financialintelligence, immigrants, immigrantlife, buildingfinancialfreedom, personalfinanceforwomen, financialadvice

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