Andy Egwim walks through seven steps to take before you start investing, starting with financial education through books, podcasts, and seminars. He emphasizes doing a personal audit of your income, expenses, debts, and existing investments, then tackling high-interest debt before putting money into the market.
moneywifedoctor.com
19 years
March 26, 2024
Attend a financial seminar, read a book, and follow at least one blog or one podcast or a website that provides financial insights, even a newsletter. Of course, if you ask me which one I recommend, I always go for moneywifedoctor.com it might have something to do with the fact that I'm the one who is writing it, based on my own experience of investing over the last 19 years and also managing my own finances, doing side hustles and helping thousands of doctors as well. So that's the first thing. Before you go ahead to invest any money, invest in yourself. Now let's go to number two, do a financial audit on yourself. You've heard about companies, you've heard about businesses doing audits. Now you as a person, you need to do a financial audit yourself. Look at your finances. Sit down. What are your expenses? What are your income? Do you have any debts? Do you have any investments? Are there. Some of your debts are actually costing you more, basically because their interest rates are so high.
