How to invest and set up a financial plan – a starter guide
Have you recently heard of the term “F.I.R.E”- Financial Independence Retire Early? If you are reading this, congrats! You have taken your first step towards retirement! While it is important to invest, earning big bucks from investments alone is not an easy thing to do for an average joe like you and me. However, investing is a necessity. Quoting Warren Buffet, “If you don’t find a way to make money while you sleep, you will work until you die.”
Set a financial goal
An objective comes with every plan, financial planning is no exception. Your first step is to have a clear financial goal allows you to stay emotionally invested, understand your financial situation, and the path the way ahead. You can use a mind map or a timeline to achieve this.
A financial timeline example....