This is optimal finance daily episode 1092 how to become financially independent step three

Invest what you save by Chris Reining of Chris Reining.com and I am your host and narrator of the show.

My name is Dan and I'm here every single day reading to you from some of the best personal finance

blogs on the planet.

And as this is a Friday, I'm going to keep the intro nice and short for you.

So let's get right to our post as we start optimizing your life.

How to Become Financially. Step 3, Invest What You Save by Chris Reining of Chris

Rining.com.

In the two previous posts we covered spending less and saving more.

By employing the lifestyle changes in those posts, we can begin to pay off our short-term debt,

build our six-month emergency fund, and then if we are choosing financial independence as our goal, we can begin investing.

Investing is a complex topic with no one-size-fits-all approach.

Depending on your risk tolerance and willingness to learn about investing, you may wisely choose

to invest fairly effortlessly by using Vanguard funds or you may choose to pick individual stocks.

Whatever you choose, make sure to invest as early as possible to take advantage of

compounding. Invest your money slowly and with caution. And I think you'll come to find out

that building wealth comes easily as long as we're continuing to live

with our lives designed to spend less and save more. Then here is what we need to do to

get started investing. One, get a brokerage account. If you don't already have a brokerage account I use

and recommend fidelity they consistently come out on top in brokerage ratings and

have low transaction fees I also can recommend Vanguard.

2. Pay yourself first. Use the adage of pay myself first. This means that before

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