3216: How to Start Investing: Simple Four-Step Investing For Beginners Guide by Mr. Finer on Building Wealth

Optimal Finance Daily - Financial Independence and Money Advice

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Episode 3216:

Mr. Finer shares a refreshingly simple, mistake-proof roadmap to investing, starting with overlooked essentials like emergency funds, debt repayment, and free money from employers and governments. His four-step strategy helps you reduce risk, maximize returns, and avoid common traps that sabotage beginner investors.

Read along with the original article(s) here: https://mrfiner.com/how-to-start-investing-simple-four-step-investing-for-beginners-guide/

Quotes to ponder:

"Investing without having an emergency fund is like driving without seatbelts."

"There is such a thing as free lunch; you just have to read your employer benefits document!"

"Saving 30% in taxes is much easier and also much better than earning 30% in stocks."

Episode references:

I Bonds (U.S. Treasury): https://www.treasurydirect.gov/savings-bonds/i-bonds/

IRS - Retirement Topics 401(k) Contribution Limits: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits

HSA (Health Savings Account) Overview: https://www.healthcare.gov/glossary/health-savings-account-hsa/

Federal Student Aid - Income-Driven Repayment Plans: https://studentaid.gov/manage-loans/repayment/plans/income-driven

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

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