3 Things To Do Before Investing? Are you ready to take a leap into the world of investment?
Do you know investing is a good move for any individual if you had not taken these three steps before investing your investing will be a nightmare for you.
3rd step Invest in yourself
Well, many people always look to make their first investment which is good to do but what they do wrong is not focusing on themselves.
Do you know investing can multiply your income and there is a chance it can grow your money by 10 times 50 times or 100 times?
But what you do not know is that if you invest in yourself you will not get 10 times 20 times or 100 times but you can grow yourself at an infinite level.
Warren Buffett the king of investing says that the best investment you can make is in yourself it’s okay. If you get a little bit late because you were investing in yourself no problem.
Investing in yourself means investing in skills, book reading, consuming content that upgrades your mindset, and enrolling in seminars or webinars. It can be costly it will cost you some bucks.
Let me tell you trust me guys after a month you will be thankful for yourself.
Comment below do you invest in yourself or not
Now the 2nd point is insurance.
Listen before you decide on insurance that you don’t need it.
Tell me one thing you have a back cover for your phone right?
Now tell me what the cost of your phone might be 100$ to 500$ etc or 1K$ or more if you are a rich kid.
Do you think your smartphone is more precious and valuable for you if you compare it with your life?
No right then?
You got your answer in the same way you need protection you need insurance because you never know what will happen tomorrow.
Last one emergency fund I know you will say I had heard lots of times regarding the emergency funds.
That’s great but my question is still you don’t have it?
Listen you don’t want yourself to stop your investing journey in the middle for that you need to have some extra amount of money in the form of an emergency fund which can help you to live your life without headaches.
So I highly suggest following all the above points before investing.
But wait here is the problem.
You will say now what.
You don’t know how to make an emergency fund right so reading that article or saving is the first step to becoming a poor article.