Do These 3 Things Before You Start Investing
I've written many times before about the virtues of investing. In fact, I've gone so far as to say that if you fail to invest your money relatively early on in life, you could lose out on countless dollars in potential earnings. That said, there are certain financial milestones you should reach before you start pumping your spare cash into the stock market. Here are a few to check off your list.
No matter your age, relationship status, or income level, you absolutely need an emergency fund with enough cash to cover three to six months' worth of living expenses. The reason? You never know when you might fall ill, lose your job, or come upon some other situation where you're unable to work or are facing a whopper of an unexpected bill. And if you don't have emergency savings in place, you could easily get forced into debt, thus damaging your finances irreparably.
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Source: Fool.com
