Congratulations! You've made the important decision to invest some of your money this year, and it's your first time ever. You're eager to get your money into the market, yesterday.
But where do you start?
Lucky for you, Freedom Credit Union has decided to make this the year of guiding new investors. So, even if you don't know a merger from an ETF, and your finances are a mess, you'll find clear, concise instructions for making your money grow in a safe, responsible way.
Throughout the 12 months of 2017, Freedom Credit Union will provide you with 12 easy-to-understand steps about investing, making you a savvy, confident investor by the time the year is out.
Step #1: Get Your Finances In Order
Jumping into the market without first taking careful stock of your finances is like asking for seconds at the dinner table before finishing your first portion. Though you can technically invest before your debts are paid off, financial planners advise strongly against this move, as it is somewhat irresponsible. So, before your money gets near the market, it's time to kiss your debt goodbye!
To live completely debt-free, examine every aspect of your financial life. Here's how, in four easy steps.
Be aware that this process may take a while. What's important at this point is that you have a plan to become debt-free. While your debt is slowly shrinking, you can follow Freedom Credit Union next few steps toward investing. And, if you begin aggressively paying off your debt today, you will be ready to invest sooner than you think!