In this day and age, there are so many creative ways to build your wealth through investing. In this segment of The Marc and Mandy Show, Mandy learns some investment tips from Jessica Keus. Check out the video above or keep reading for some investment tips for beginners.
Take care of any credit card debt
Before you start any type of investing, it’s important to make sure you’re in good financial shape. This means paying off any debt. This is important because investing can end up putting you even more in debt, so you want to make sure you’re starting off with a blank financial slate.
Set aside a nest egg
Because investing can be risky and financially taxing, it’s a good idea to set aside some emergency money should anything go wrong. You should have between six months and a year of total living expenses in cash or in a savings account.
Invest a little at a time rather than all at once
Investing is not something that should be done hastily or impulsively. Think it through, do your research, consult experts or people with experience in that field of investing, and start slow by investing a small amount.
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