About me - tasloi

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Personal Finance > Investing Basics Investing 101: Targeting your investment strategy

Don't pay off your credit card first! Don't fund your retirement first! Stop listening to all the advice that suggests you need excess money to start investing! Instead, consider investing as one of many necessary expenses: like groceries, clothing budgets, ice cream parlors, debts, etc. There are two major reasons for this: 1) you will spend whatever amount of money you have and it might as well be on stocks and 2) developing a net worth is a combination of reducing debt AND increasing assets. Here are some steps to help you do that: STOP THINKING THAT THE AMOUNT YOU INVEST MATTERS. Inste...

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