6 Signs You're Ready to Start Investing

There's no denying that investing is one of the best ways to build true wealth. You can save money your entire life, but nothing beats the power of compounding interest returns that come through investing. Seriously, I'm talking about historical returns of 10%, regardless of federal interest rates. So, it's no longer a matter of should you or shouldn't you invest but are you ready to start investing. In this episode, I'm sharing 6 signs you're ready to take your finances to the next level and start investing. Even if it's on a small scale, the power of investing is unmatched.   Here's a glance at this episode: [01:45] Raya shares how a 25-year-old can become a millionaire at retirement by contributing $300/month to a retirement plan. [05:45] Have a plan in place to pay off your debt or pay it off completely before you aggressively start to invest. [09:34] Not sure if you're contributing to a retirement plan? Check your pay stubs! You can also contact your HR department. [14:21] Having a "Build Wealth" goal is a great place to start when it comes to investing, especially if you're unsure of what your long-term goals are. [18:19] Just like any other subject, the more you familiarize yourself with investing, the more comfortable you will become with it.   Rate, Review, & Follow: Did you love this episode? Are you a fan of the City Girl Savings podcast? If so, please consider rating and reviewing the show! This helps spread the word about City Girl Savings, and hopefully helps more people make the best money moves possible on the way to their dream life! To leave a review on Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, please make sure you're subscribed and following the City Girl Savings podcast on Apple Podcasts, Spotify, and YouTube!   Resources mentioned in this episode: Grab a copy of my free Debt Repayment Checklist CGS Blog Article – How to Research Your 401k Investment Options Listen to Episode 107 – Adding Investing to Your Money Goals Sign up for the Introduction to Investing Workshop Learn about Raya's Financial Focus Coaching Program Follow City Girl Savings on Instagram, YouTube, and TikTok Join the City Girl Savings Facebook Group Subscribe to the City Girl Savings Newsletter!

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