How to Invest

Invest your money

Instructions

Difficulty: Moderate

Things You’ll Need:

• Budget
• Money( to invest)
• Computer (research)

1. If you do not have a budget or do not know how to write out a budget here’s how. Write down your monthly income from your job or business and extra income combine them for your total monthly income. Write down all of your fixed monthly expenses such as rent/mortgage, food, utilities, phone and/or cell phone, cable, etc then total them. Written down those expenses write down you irregular monthly expenses such as emergency fund, gas, laundry, clothing, etc write down your total.
2. Write down a specific amount that you want to put away every month and you should open a savings account at a bank that’s for investment savings only. Set a goal for you to work towards (ex: I want to invest $2,000 by April 5) you should sit down and figure out exactly how much you should put away every month to reach this goal.
3. Important investments are health, car, home, and renters insurance. A few others preferred and defensive stock. Mutual funds such as municipal and state bonds. Retirement account 401k, IRA, ROTH IRA, SEP IPA, or KEOGH. Treasury bond fund iShares Lehman, Corporate Bond Fund, and/or iShares GS$.

Tips & Warnings

• Financial Advisor
• Investment Books
• Financial Books