5 Simple Do’s and 5 Don’ts of Investing and Saving
About a year ago, I wrote an open letter to my fellow millennials about their financial wins and financial fails (Medium post, CNBC article). The post got pretty good traction and I wanted to follow it up with a list of 5 Simple Do’s and Don’ts of Investing that I’ve acquired over the years.
Also, I wanted to share some of the great (and mostly free) financial products that I love and steer people who don’t have a financial services background away from some of the more common pitfalls of investing.
If you can follow these simple rules, you’ll be in great shape for retirement and achieving your goals. If you neglect them, your financial health will suffer.
5 DO’s of Investing
- DO Track All the Things (automatically)!
One of the challenges that most people face is simply tracking their spending and saving. With hundreds of transactions per month across (often) dozens of accounts, you can’t do it on your own!
