“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb
This guide will teach you how to invest. Investing is the second step to financial independence after successfully implementing a budget. There are three main phases to investing: plan, grow, and upkeep. To get started click on the phase you want to start:
Spending money on something (commonly known as a security) expected to gain value or return a profit. Investments include:
Investments have the potential to give you and your children a financially independent future.
If you have you follow our guide, you will not need to worry when it comes to putting your money in a particular security. Just stick to the plan you make and you can be confident in your decision making.
1. Plan: Figure out why you want to invest for. What are your investment objectives?
2. Grow: Research to find investments that align with your investment objectives. Invest in the right investments for you consistently.
3. Upkeep: On a scheduled basis, look at your investment portfolio to make sure it is in line with your investment objectives.
Do I care about seeing the money again for two years?
Do I have a large enough emergency fund that will take of my family for six months?
Can I handle seeing myself losing money without freaking out?
If you answered no to one of these questions, then investing my not be right for you currently. If you build up enough money in savings and can control your negative feelings towards losing money, then you can invest.
If you are just starting out and don’t know where to put your money or are just worried you are going to make a critical mistake, check out our services by clicking on the icon below:
Take the upper hand when trading securities. Learn what you need to know to grow your money. This blog teaches the key principles of investing and how to become successful at it. Click the Icon below to see the blog: