Investing at any age isn’t easy, but waiting to invest when it’s convenient isn't the best option. Don’t fall into the “I need a lot to start” trap. Instead, start investing with whatever you can afford today because it’s going to be worth more tomorrow.
There are so many unexpected life events that can happen and if you do not plan for them, they could be catastrophic. Emergency funds cover unplanned life events, so save enough money for unforeseen circumstances. #OVERWOOD
2. Pay off all debts.
List all your debts in order from the smallest to the largest, and pay them off one after the other. #OVERWOOD
Invest in yourself by learning something new each day. Get an advanced degree, get a certification; it will surely open doors that were once shut against you.
What will you do if you have an emergency but don’t have the funds to handle it? It’s difficult to handle emergencies unless you actively save a significant portion of your income.
Vacations will come and go. Styles and trends will change and fade. Avoid spending a disproportionate portion of your income on ephemeral things like fashion, drinks, and vacations. Make a conscious decision to save in 2020.