010 - What Everyone Needs To Do First Before They Start Investing

It might be exciting to jump right into the stock market, but until you figure out if you actually have money to invest, you need to slow your roll. The biggest risk of investing comes from putting money into the stock market that you can't afford to lose (value dropping short term). If you have credit card debt or no savings, you need to start there first. Successful investing comes from having the right foundation so you can play to win the investing game.  Awareness is key, so you need to track and evaluate your spending  (Mint, EveryDollar, spreadsheets, pen & paper). You can't invest money when you're negative every month. Make sure your bills are covered and then intentionally decide where you want to use your discretionary money.  Investing and seeing your accounts make money is really fun so make sure you have the right foundation set up before putting money in stocks. Drop your comments or questions for this episode on one of our posts.   FacebookYouTubeBlogIf you're looking for a more detailed summary of this episode, click here.We're trying to grow. Help us reach others who want to learn to invest with confidence. Spread the word and leave a review to help us rank in search. We appreciate your support!    Questions? Email Tim at [email protected] Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list. Stay connected. Follow us on social! **DISCLAIMER**Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here. Episode music was created using Loudly.