Check out these questions. Have you ever asked yourself one of them? I have, many times. I urge you to read the full article at the link I provided below.
Back to Basics
GOT QUESTIONS? We’ve got answers.
This week, a new chapter was added to HumbleDollar’s online money guide. The chapter’s goal: to tackle basic financial questions that often crop up, especially among those new to the world of investing and personal finance.
This might seem like an iffy moment to make financial changes. I’d argue just the opposite is true. With the stock market down sharply, this is a great time to get started as an investor. Meanwhile, with the coronavirus spreading rapidly and the economy in turmoil, it behooves all of us to make sure we have the right insurance, enough emergency money and a buttoned-up estate plan.
The good news: None of this is that complicated. Want to get your finances headed in the right direction? Check out the answers to the nine questions below.
- What should be my top financial priorities?
- How much should I save?
- How can I get started as an investor?
- How much cash should I hold?
- What mix of stocks and bonds should I own?
- Should I buy into stocks slowly or all at once?
- What insurance policies do I need?
- How much money do I need for retirement?
- What estate planning steps should I take?
Source: Back to Basics – HumbleDollar
