How To Invest Money Like A Boss (8 Steps To Start Investing)

Maybe you landed the killer promotion or destroyed some debt, and now you finally have some free cash flow.

How to Invest Money Like a Boss

1. Set Your Financial Goals

The first step you need to take before investing your money is setting some basic financial goals. This is typically the first step in every financial planning process out there.

How to Invest Money Like a Boss

2. Work from a Budget

But you need to know where your money is going every month to know to analyze areas where you might reduce expenses and increase the amount available to save and invest.

How to Invest Money Like a Boss

3. Determine How Much You Can Save/Invest

Your budget tells you how much you can save and invest. That's the foundation that must be in place to ensure you can contribute a consistent amount to grow your wealth.

How to Invest Money Like a Boss

4. Find the Right Type of Account

Most people thinking about how to invest their money should look at retirement accounts first. Remember, this is after you've set your budget, created your emergency fund, and determined how much you can invest each month.

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