FINANCIAL FREEDOM COUNTDOWN

HOW TO INVEST MONEY: THE 3-STEP PROCESS TO GET STARTED

Figuring out how  to invest money can be overwhelming, especially if  you’re a beginner.

Having a clear picture of why you are investing will make it easier to continue investing when the going gets tough

Step 1:  Define Your Goals

Carve out a portion of your monthly budget for investing. Treat it similarly to your other essential budget categories.

Step 2: How Much  You Want To Invest

Terrain Map
Terrain Map

Step 3: Define What Assets To Invest

Each asset has some pros and cons. The best asset depends on your risk profile, time, knowledge, and unique circumstances.

Safe investments do not offer a high rate of return and barely keep pace with inflation. However, most of them provide a high degree of certainty that your invested amount will be safe.

Floral Frame

A savings account is an excellent place to keep your money for emergencies. Everyone should have an emergency fund set up before they start investing.

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