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Oct. 20, 2021

#3: TOP 5 PERSONAL FINANCE BASICS: Money for Beginners

#3: TOP 5 PERSONAL FINANCE BASICS: Money for Beginners

Today, we're looking at the top 5 basics for people who are starting their personal finance journey:Paying off debt strategicallyNot over-doing the emergency fundInvesting early and often in a tax-efficient wayLiving beneath your meansUsing credit cards to travel for freeRESOURCES MENTIONEDGet started with Betterment > "Betterment Safety Net"Pick up a Wealth Planner tool for an exact emergency fund recommendationHow to Use Your 401(k) in Early Retirement without a 10% Penalty401(k)s for the Self-EmployedA Case for Why Nice Stuff Might Be Making Your Life WorseThe Top 3 Spending Mistakes I SeeTravel Credit Cards: A Full Breakdown Guide

Today, we're looking at the top 5 basics for people who are starting their personal finance journey:

  1. Paying off debt strategically

  2. Not over-doing the emergency fund

  3. Investing early and often in a tax-efficient way

  4. Living beneath your means

  5. Using credit cards to travel for free

RESOURCES MENTIONED