Show 32 -Investing for your Future

In this episode, I talk about what you need to ask yourself as you prepare to invest for your future.

2/28/20241 min read

person holding black samsung android smartphone
person holding black samsung android smartphone

If you’ve taken steps to get out of debt, now is the time to start looking toward your future. Waiting to invest until you’re out of debt can put you behind. But to start investing you need to prepare for it, don’t just dive in. In this episode I talk about how you can prepare to invest.

Key Ideas

  • Ask three questions:

    • How much do I need to live on each year?

    • When do I want to stop working?

    • What is the best investment vehicle to get me there? (403b, 457b, IRA, HSA, Taxable Accounts, ROTH options, etc.)

  • Investing for the future can be scary, so try to play it safe. Traditional wisdom says that broad market index funds with low fees are the safer way to invest. Stock picking or alternative investments have higher potential reward, but also higher risks.

  • Any alternative investment is going to take a considerable amount of time and study to understand and execute. Only invest in those things if you have the time to devote to it.

Show Notes

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Show Transcript