Order of Priorities

 

Order of Priorities:

  1. 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.
  2. 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.

 

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