Saving is Good, Investing is Better: When To Know You’re Ready
Think you are ready to invest? This article will help you determine just that. Do you have an emergency fund, have you paid off high-interest debt? Have you taken advantage of your 401(k) and company matching? You are in a good place to start investing once you’ve tackled these items.
Always Start With a Plan: Your Personalized Roadmap
In the context of financial planning, the destination is your goals and your Investment Policy Statement (IPS) is the roadmap to get you there. Having an IPS may sound like something for advanced investors, but it’s actually something everyone should create when they think about getting started with investing.
Work Smarter, Not Harder!
Have a little cash you want to put to work? You’ve come to the right place. Once you are out of debt and are contributing to your retirement accounts, you should be saving more, creating additional streams of income, learning new skills, investing, and even becoming a business partner.
How Much Should I Invest?
You’re ready to invest your money and start growing wealth. But how much should you invest? This is an important question and you must factor in your current savings, your age, your risk, and more.