Knowing how to deal with debt is easy…. just PAY it off!
But investing…. that’s another matter.
It isn’t quite so simple.
Most people I talk to as a financial coach, have questions about when and how to invest their money.
Investing is personal and a financial consultant is the best person to help you create a plan that’s right for you.
However, from my experience, doing a little due diligence can be very helpful.
Here’s a great tool from Chris Hogan that can help you learn a few things about investing.
Click HERE for the link.
You will need to enter a good email address to access the tool.
In addition……
Here are a few ideas from Ramsey investing philosophy:
- Get out of debt
- Invest 15% of your income in tax-favored retirement accounts
- Invest in good growth stock mutual funds
- Keep a long-term perspective
- Know your fees
- Work with a financial advisor
Your income is your most important wealth-building tool. But as long as it’s tied up in monthly debt payments, you can’t build true wealth.
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Until next time…..
Agree or disagree? I love your comments! So please let me know your thoughts in the comment section below.
I look forward to hearing from you!!!
Althea
Helping God’s people realize and achieve their true financial potential, become debt-free, build wealth and give generously!!
PS. Financially, most of us know what to do; we just have trouble doing it. That’s where a coach can help. CONTACT ME for a FREE 15-minute consult.
