1944: How to Start Investing: Simple Four-Step Investing For Beginners Guide by Mr. Finer

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 1 July 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mr. Finer shares a four-step approach to get started with investing Episode 1944: How to Start Investing: Simple Four-Step Investing For Beginners Guide by Mr. Finer Mr. Finer is a normal salaried employee who achieved FI with no side hustle or other income sources. After spending a decade without any plan, he started pursuing FI in his 30s, and achieved it at 40. He created his blog to share experiences, mistakes, successes, benefits, positives, and negatives from his journey. The original post is located here: https://mrfiner.com/how-to-start-investing-simple-four-step-investing-for-beginners-guide/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1944.
0:03.8	How to Start Investing
0:05.3	Simple Four Step Investing for Beginners
0:08.4	by Mr. Finer of MrFiner.com
0:11.6	and I'm your host and personal finance enthusiast, Diana Mariam.
0:15.9	And now let's get to today's post as we optimize your life.
0:24.0	How to Start Investing
0:25.7	Simple Four Step Investing for Beginners
0:28.8	by Mr. Finer of MrFiner.com
0:33.1	I made the common investing for beginners mistake.
0:36.5	I started investing by buying and selling stocks.
0:40.1	Over the years, I've learned that buying stocks, mutual funds, real estate, etc.
0:45.2	should be the last step in investing.
0:47.6	Three essential things should come before that.
0:50.8	I've highlighted these three steps and my past mistakes.
0:54.2	Hopefully it will help you avoid the mistakes I made.
0:57.7	This article is US-focused, but the same principles apply in any country.
1:03.7	Step 1. Build a strong foundation
1:07.6	When I started investing, I didn't have an emergency fund.
1:11.2	An emergency fund is the money needed to cover six to nine months of living expenses.
1:16.9	Investing without having an emergency fund is like driving without seatbelts.
1:21.8	Can you do it? Yes. Is it safe? No.
	...

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