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Check out the Dave Ramsey podcast. His book or financial program (currently free foe two weeks) taught me to invest confidently. Even though I make a teacher’s salary, I feel confident that we’ll be ok years from now because we’re following his advice. Hope it’s an encouragement!
Awesome 👍 thank you!
Chief
Definitely meet with a financial adviser. Investing in things you love (like education) is great, but not always beneficial. An adviser can help you understand all your options and help see what will be the most beneficial in your individual situation.
Chief
I’m recently divorced, so I feel ya! Time to get life in order 😉
good question!
Chief
Getting started is the hardest part. Best financial advice I ever got:
Open a conservative money market account asap, one with checks attached to it. Put $100 per month in it, then put half of every raise or increase in revenue in it, more when you can, never less. Hold this pattern, until you hit investing 8% of your net income. This serves as a rainy day fund, keep at least 3 months income in this account.
Now expand your portfolio with professional advice.
See, I like this idea. I’ve been able to increase my contribution to AXA every year by $100, but I’m no longer employed after this school year.
My biggest problem is staying employed... I’m frustrated because I don’t feel I can make consistent contributions 😥
Yes I do. My parents started me in the stock market when I was a child. Get a good Financial advisor, (we use Edward Jones), and get started. My District has 403b plans which I pay into, and my husband’s previous job had 401K which he continues to have. My kids are all invested in the stock market, my teenager has been picking some of her stocks since she was 10, and meeting with the Financial advisor as well.
Start with a set amount a month, and try to increase it every time you get a salary increase. Be diversified though and know your risk level. I haven’t even looked at my investments, other than a passing glance in the last 2 months because I know its been bad, but it will come back.
Your welcome and good luck. Remember is this a long term investment and you can’t sweat the downs too much...stuff generally does come back.