Smart Investor

Set Clear Goals: Determine your investment goals. Are you saving for retirement, a down payment on a house, or something else? Your goals will shape your investment strategy.

Understand Risk Tolerance: Assess your risk tolerance before investing. Consider how comfortable you are with market fluctuations and potential losses.

Build Emergency Fund: Before investing, ensure you have an emergency fund in place to cover unexpected expenses.

Pay Off High-Interest Debt: If you have high-interest debt, like credit card debt, consider paying it off before heavily investing. The interest rates on these debts are often higher than potential investment returns.