Investing Money Tips

[smitty46953]

Originally Posted by sherck

Goals for your money, in order:

1. Get a little emergency fund of $1,000.
2. Cut up the credit cards and get out of ALL debt except for the mortgage.
3. Bulk up the emergency fund to 3-6 months of your monthly expenses.
4. Start putting 15% of gross income in retirement vehicles.
5. Put money away for kids college.
6. Pay off your house early.
7. Accumlate vast wealth through "time in the market" instead of "timing the market".

Where are you in the process?

Cheers,

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That is great advice for him to follow ...
With #4 I don't know your employment situation, but if a 401K plan is available most offer a % match. For example if you put in 6% your employer will match up to a pre-set percentage. ALWAYS put in at least what your company will match ...