8 Things You Must Do Before You Invest... You Risk Losing Money if You Don't Do Them!
Are you ready to start investing your money? Would you like to get great returns and have a secure financial future? If so, you want to make sure you've done these 8 things before you start investing.
You Have a Budget
You should have thorough control of your finances before you even think about investing.
You Have an Emergency Fund
Save enough so you could live 6 months without working. You never know what might happen.
You've Paid Off High-Interest Debts
You should be completely out of credit card debt before you invest.
You Have Retirement Savings
You want to make sure you're on the path to a great retirement before you invest.
You Have an HSA
Health Savings Accounts can really save your financial neck should an emergency happen.
You've Refinanced Your Student Loans
Make sure you're paying the lowest interest rates possible.
You've Started a Taxable Investment Portfolio.
Many companies can help you set one up. They offer great advice for beginning investors.
You've Set Goals for Your Portfolio
Start small. Be patient and stay focused on your goals. Make it a priority to contribute money towards your portfolio every month.