14: How to Start Investing - What Beginners Need to Know (the Ultimate Guide)

🎙 Ready to build real wealth? Learn how to start investing and determine your investing strategy, even if you're a beginner. Your investing strategy is like a GPS for your investing. It knows where you want to go and how to get there. There’s no getting rich quick here, but it’s easy to lose a lot of money if you don’t know what you’re doing. Having a solid investing strategy will take your risk tolerance and time horizon into account while making sure you’re only investing in something you understand. But how to do determine your investing strategy? 🤔

This episode discusses topics like:

🌟 How to determine when you’re ready to start investing even if you still have debt;

🌟 How to start building and managing your investment portfolio; and

🌟 How to start investing based on your risk tolerance and time horizon.

Links from this episode:

Paycheck Budget workbook

Free 7-day online budgeting course

How frequently should you invest to maximise returns

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The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.