Investing Your First Dollar
“Do Something Today That Your Future Self Will Thank You For.”
So you finally have a bit of money and you have decided to take control of your financial life. Good for you! You realize it is time to begin investing, and you are willing to think about the long term – weeks, months and years – and not just today. You are willing to be patient. And you want to take steps now to benefit your future self.
Let’s say you have $10,000 available to invest. But investing is new to you and you are not exactly sure what first step to take. It can be intimidating to think about making decisions about the entire $10,000.
Before you do anything else, here is a practical way to get started. First, learn a bit about your different options. You can reference blog posts such as Mr. Money Mustache to understand investment trade-offs. After that, begin building your investment portfolio. This is a...