Order of Priorities:
- Basic recordkeeping — Know how much money you have, how much you have coming in, and how much you have going out. Whenever you don’t know, make sure you have the numbers up-to-date and accessible so you can immediately find out without having to track things down.
- Have an investment plan that you actually do take the time to monitor.
However much money you need to live on for a month should be cash. Everything else should be invested in Have enough cash on hand to get by for Whatever amount of money you do have should be invested carefully.