How to invest

How

Getting your finances in order takes time, and it can be frustrating when you're at the beginning stages. Let's say you want to get out of a huge debt but it's taking ages and you're ready to start investing. As Ramit Sethi, reminds us, you don't have to do everything at once. His website, 'I Will Teach You To Be Rich,' contains useful information at a reasonable pace. Especially if you have zero knowledge on real estate, mutual funds, stocks and all forms of investment. His articles on financial wellness will help you get up to speed on the basics.

15 points | 95 comments

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When it comes to investing, strategy matters. For first-time investors, that strategy includes choosing an online trading site that makes trading easy and gives them the help and support they need.

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@abutler0 How is that even possible?

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@ahowell1 While technically correct, I think it?s a little misleading to say that debt for the sake of growing income is a bad thing. Businesses every day borrow money in order to grow or run their business.

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@abutler0 This is kind of the same idea, but it?s being used to invest in other businesses rather than back in yourself. If the interest rates you?re paying are lower than you expect in returns, then it makes sense to invest over paying down the debt.

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@cjohnson3 Being white is a huge help, for sure. From a total-impact perspective, that should have been the first item on the list. Odd it wasn?t mentioned at all.

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"@astanley5" Yes, it only makes sense in this situation to repay based on income, pay the minimum, and save or invest the difference.

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@astanley5 Some of the enlightened understand debt is bad, the others justify it.

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I wish I wasn?t a day late to this post, because I think anyone?s who?s earnestly interested in this subject should look past the calculator?

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@malexander7 KEEP A BUDGET. Simply seeing what you spend on paper will help you spend less in the future.

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Great job on this article!

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@acruz9 nonexistent loans are among the easiest to pay off. In many cases, they?re entirely forgiven.

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TradeKing?s reputation for top-notch customer service makes it a smart choice for first-time investors.

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For instance, my wife and I just paid off all of our cars, our credit cards and all other debts outside of our house. We -could- have invested it, but now we can take the monthly savings and invest that AND if, god forbid, one of us loses our jobs, we?re not behind the eight-ball to make debt payments.

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@bhernandezc the bank is?guaranteed?to get its money back if the borrower defaults

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what the hell is morningstar????

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@wwheelere How odd that you?re not impressed by this article that?s for the 95% that you?re not a part of. Nobody decides to be a freelance musician if they value financial freedom more.

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@ccolef I don?t even know how to pay my student debt

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@wwheelere I have to check the website first

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Beginning investors can minimize their risk by trading on sites that offer outstanding customer support, intuitive platforms and comprehensive educational resources to make trading easy and profitable.

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@awilliamsoni There?s no such thing as a risk-free investment, and no one can predict with certainty where the Dow will be in a year. Beginning investors can minimize their risk by trading on sites that offer outstanding customer support, intuitive platfo

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@awilliamsoni Everyone is going to have a different cost of living, different amount of debt, different lifestyle goals, different family situation, different health issues, etc... Him telling you that he was able to save $20k/year on $60/year salary or w

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@wmurrayj Live close to work, hope housing prices are depressed near work.

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All the other suggestions on the websites are peanuts compared to their family earnings which he glosses over pretty readily.?

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TradeKing?s platform offers the best tools when it comes to trading. It offers an options pricing calculator, a profitability calculator, a stocks and ETF screener, and a profit and loss calculator, among other tools.

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