Are You REALLY Ready To Invest?

Many people think they are ready to invest but in all actuality they aren’t.  Guess what? That's okay! There are a few things it is important to line up financially before you jump into buying stocks and mutual funds. 

You don't want to jump in blindly, be able to say YES! to the following before you begin investing:

• You have a handle on your budget (..er… a written budget), meaning you know where your money is going each month.

• You have an emergency fund saved

• You have paid off your debt (except mortgage)

• You are investing in your retirement via an employer fund or an IRA

• You have done your research on investing terms, you have begun to follow the market and you learned how to read the financial papers to track your investments

• You’ve gauged your tolerance for risk, and accept that investing is a long term project

Begin reading the financial newspapers, listening to the financial news... not obsessively, but just so you are aware of what is going on in the investing world. That's not to say you won't ever lose money, we all know that's not true, but it will allow you to be a better educated investor.

Your Financial Coach!
-Dorethia
www.connercoaching.com