Investing Rules to Live By
If you have a general interest in building wealth and living comfortably in retirement, then investing your money will be an essential part of your life.
1. Keep money aside that is not for investing
One of the most important things you can do is to ensure you have an emergency fund set aside. Often, people are eager to invest and put all their money into the markets.
Investing Rules to Live By
2. Always be learning about investing
Keep listening to podcasts, read some of the top stock investing websites, read books, and even follow blogs like this one!
Investing Rules to Live By
3. Don’t invest in anything you don’t understand first
Understanding the fundamentals of investing and knowing how to read a prospectus of index funds, ETFs, bonds, or individual stocks.
Investing Rules to Live By
4. Learn to remove your emotions from investing
When it comes to your money, you want to think clearly and with an analytical mind. And when you let emotions dictate your money moves, it’s when some big mistakes are made.
Investing Rules to Live By
5. Invest as early as you can with as much as you possible
Everyone’s financial situations are different, like cost of living, how much money you make, any debt, etc. But the earlier you can get started investing, the more that time is on your side to put your money to work.
Investing Rules to Live By
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