How to Start Investing Money: 

A 9-Step Guide for Beginners

Failed attempts to translate investment jargon and seeing ticker symbols run across your screen as you watch the morning news is enough to keep potential investors out of the investing game for good.

There is no one right way to start investing. But, after listening to your co-worker, uncle, and neighbor swear by their investment strategies, you’re likely ready for some actionable tips.

This guide walks you through nine simple steps to overcome the overwhelm and teaches you how to start investing.

Set Financial Goals

Long-term goals are critical as they will reflect the quality of life you want when you retire. But short-term goals are necessary, too, as they serve to keep you motivated along the journey.

Whether you prefer to jot down a quick budget on a notepad or create a detailed spending plan for each paycheck, consistent budgeting gives you a better understanding of the money that flows in and out of your bank accounts.

Live on a Budget

Build an Emergency Fund

Before you begin investing, it’s in your best interest to establish an emergency fund. Essentially, you want to avoid investing all your extra money and then taking it back out when you experience an emergency.

You may decide to pay off your credit cards quickly and start investing while you continue to work to pay off your student loan debt. There are many different methods to get out of debt. Determine which will work best for your current financial situation, create a plan, and get to work.

Get Out of Debt

Investing is not inherently complicated, yet, as with most things, it can become more complex the more nuanced you get. This is precisely why educating yourself on basic investing concepts and terminology is such an important step.

Educate Yourself

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