Everybody will have a different goal and opinion on this question. It is going to be up to us to decide when we can enter the investing world. Let's try to outline some general help to set an individual goal. Many people fail to understand the essence of investing is long term. People save a little, and then when that foreseeable but unplanned emergency comes along, they withdraw the funds to pay for it. Many stay in this cycle and never get out of it. We aren't ready to start investing until we KNOW the money won't be needed for at least ten years. This means we must have an emergency fund or current cash flow to pay for the unplanned expenses that come along. Emergency funds become the base of our investment pyramid that keeps the plan from collapsing. Once an emergency fund is established feel free to invest as much or as little as you like. Finwiz.
No comments:
Post a Comment