Six Basic Financial Habits
Before we dive into the details of specific investments, let’s set the stage for the betterment of your finances by identifying some financial habits for you to consider adopting. Incorporating them into your life will lay the groundwork for a sensible action plan for your financial well-being. Your six basic financial habits to consider are:
1. Start to save
2. Escape from the feast-or-famine mentality
3. Control your debt
4. Diversify your investments
5. Maintain a long-term strategy
6. Track your progress
We’ll get into each of these habits in much greater detail, but I first want to define a general parameter. Following my suggestions should never require you to spend a huge amount of time. If you start ...
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