Decide The Investment Amount
The first step in beginning your journey is deciding how much to invest.
How much you should invest depends on your investment goal and when you need to reach it. One common investment goal is retirement. As a general rule of thumb, you want to aim to invest a total of 10% to 15% of your income each year for retirement.
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Your investment time-frame
Decide for how long you want to invest to best evaluate your portfolio for the future.
A short term investment portfolio will likely be riskier than long term retirement portfolios.
The Importance Of Saving
Your investment returns are less important than your investment contributions. That is to say, how much you invest matters more than where you invest.
The more you contribute, the more there is to compound.
The Value of Your Time
Divide your total money earned by your total time spent.
For example, let’s say you spend 2,500 hours per year earning money:
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- If you m...
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