{"id":7799,"date":"2020-06-28T18:14:48","date_gmt":"2020-06-28T18:14:48","guid":{"rendered":"https:\/\/savingsforfreedom.com\/?p=7799"},"modified":"2020-09-20T17:14:46","modified_gmt":"2020-09-20T17:14:46","slug":"start-investing-by-building-an-emergency-fund","status":"publish","type":"post","link":"https:\/\/savingsforfreedom.com\/blog\/2020\/06\/28\/start-investing-by-building-an-emergency-fund\/","title":{"rendered":"Start Investing by Building an Emergency Fund"},"content":{"rendered":"\n

Among my personal financial heroes, John C. Bogle, founder of the Vanguard Group and creator of the index mutual fund, is among the champions with the biggest impact on individual investors results in history. He died at the beginning of 2019, but his lessons for investing are simple elegance, and deeply valuable for any type of investor.<\/em> One aspect that should be common sense is that if you want to start investing, building an emergency fund should be your first step.<\/em><\/p>\n\n\n\n

\u201cSimplicity is the master key to financial success. When there are multiple solutions to a problem, choose the simplest one.\u201d<\/em><\/p>Investing with Simplicity, John Bogle<\/cite><\/blockquote>\n\n\n\n<\/a>\n\n\n\n

Investing your money requires as much common sense as knowledge about the various asset classes, how they work and how to best invest in them. You need to define clear goals with appropriate time allocations. You need to know the reason why you want to start investing. Take the time to define your personal goals and keep in mind that your investment objectives should be measurable and attainable based on your current personal\/family budget. Your success cannot depend upon outsize investment returns, nor upon impractical savings or spending habits.<\/p>\n\n\n\n

Start Investing the Right Way<\/h2>\n\n\n\n

A common sense investment strategy starts with a clear assessment of your financial reality:<\/p>\n\n\n\n