- May 28, 2017
- Posted by: greendot
- Category: Uncategorized
Here are 6 things to do before you start investing.
Build Emergency Fund
First things first, Emergencies will happen, So be prepared so they don’t derail your financial plan.
Know Your Cash flow
Budget is a cash flow plan. and let you know how much you can afford to invest each month.
Pay down debt.
Minimize or eliminate debt. Paying less in interest is like and investment gain.
Track your net worth
Net worth should be your number one metric when working to build wealth. It is the no that really matters.
Define goals and Priority
Understand why you are investing. it will help you keep motivated. and on track to achieve your goal.
Understand what is stock, Fund, Volatility, SIP, Risk and other basic concept.