Even if ETF investing comes with risks and costs. But In this article, we suggest 6 investing tips and ETF strategies that can help you reach your financial goals.
1. Start Budgeting
Set a monthly budget and stick to it until you know how much you’ll earn with your new job. Savings or savings should account for part of your monthly take-home pay. This should be at least 5-10% of your monthly gross salary conservatively.
Track all your living costs over three months and compare them to the budget you have put together unless you’ve ever lived on a budget before. At the end of the day, you want your earnings to balance your expenses and you have some savings or assets left over.
As an entry-level worker, you might be thinking, my take-home pay is so little; what’s the point of investing bread crumbs? The truth is that even setting aside a little bit every month can pay off in the long term. More importantly, it will put you in the habit of setting aside money each month.