BUILD AN EMERGENCY FUND
First things first, emergencies will happen, so be prepared so they don’t derail your financial plan.
KNOW YOUR CASH FLOW
A budget is a cash flow plan and will let you know how much you can afford to invest each month.
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PAY DOWN DEBIT
Minimize or eliminate debtespecially credit card debt.
Paying less in interest is like an investment gain.
TRACK YOUR NET WORTH
Net worth should be your number one metric when working to build wealth. It’s the number that really matters.
DEFINE GOALS AND PRIORITIES
Understand why you are investing. It will help keep you motivated and on track to achieve your goals.
UNDERSTAND THE BASICS
Make sure you know that is meant by stocks, bonds, funds, diversification, volatility, risk, and other basic concepts.
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