5 Things You Should Know About Your Finances

Consider other investments

Let’s get one thing straight: You don’t need to make a lot of money to invest. It’s a common misconception that investing is for rich people, but it isn’t — it’s for everyone. In fact, investing early could help you become one of those rich people for whom you thought investing was reserved!

When you have paid off high-interest debt and have an emergency fund set up, it’s a good idea to consider opening a non-retirement investment account, such as a brokerage account, to save money and invest toward future goals. That’s because the goal of investing is to grow your money faster than you typically could in a bank account.

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