July 2014
Beginner
432 pages
12h 3m
English
Content preview from Investing For Dummies, 7th Edition
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Chapter 3
Getting Your Financial House in Order before You Invest
In This Chapter
Saving money for emergencies
Managing your debt
Setting financial goals
Funding retirement and college accounts
Understanding tax issues
Exploring diversification strategies and insurance
Before you make any great, wealth-building investments, I recommend that you get your financial house in order. Understanding and implementing some simple personal financial management concepts can pay off big for you in the decades ahead.
You want to know how to earn healthy returns on your investments without getting clobbered, right? Who doesn’t? Although you generally must accept greater risk to have the potential for earning higher returns (see Chapter 2), in this chapter, I tell you about some high-return, low-risk investments. You have a right to be skeptical about such investments, but don’t stop reading this ...
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