From the course: Personal Finance Tips and Tricks
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How to start investing
From the course: Personal Finance Tips and Tricks
How to start investing
- There is so much confusion and emotion around money for so many people that learning about investing or how to grow your money can seem very overwhelming. So, where do you start? Confidently asking questions about money is step one towards financial empowerment and investing. Don't be afraid to channel your inner five year old. The simplest questions can often be the hardest. Repeat why, what, how, how much until you really understand what's being discussed. And if the person you're working with is not helping you understand that, it's time to work with a new person. Once you're on the road to understanding how to start investing, the focus needs to turn to you. You may want to invest, but should you? Understanding your financial position and risk profile will help you determine how to get started. If you're very risk averse, starting with lower risk assets like bonds or CDs could help build your confidence. Or if you're looking to build your knowledge about how investing works…
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