You’re living a life of relative frugality and you’re keen on achieving financial independence. Now you’re ready to start investing. But you’re not sure where to start.
You’ve heard that fees can devour your gains and that a low-cost, fee-only fiduciary financial advisor can be hard to find. You decide to do it yourself (DIY). You were smart enough to land a great career and diligent enough to set money aside to invest.
It’s hard to figure out how to get somewhere if you don’t know where you are starting from. Look up your balances and add them up. Add home equity if you’ve got any. Look up your debts and subtract them from the assets.